Can I retire at age 59 with 1,920,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$158,552$157,140$155,762$154,417$153,103$150,443
2 years$78,491$77,029$75,612$74,239$72,906$70,235
3 years$51,808$50,339$48,926$47,566$46,255$43,655
4 years$38,468$37,005$35,606$34,268$32,989$30,482
5 years$30,467$29,012$27,632$26,321$25,078$22,670
6 years$25,135$23,691$22,330$21,049$19,843$17,537
7 years$21,327$19,895$18,557$17,306$16,138$13,934
8 years$18,473$17,054$15,738$14,517$13,388$11,286
9 years$16,254$14,849$13,555$12,366$11,275$9,273
10 years$14,480$13,088$11,817$10,659$9,607$7,705
11 years$13,029$11,652$10,404$9,277$8,262$6,457
12 years$11,822$10,458$9,233$8,137$7,160$5,449
13 years$10,800$9,451$8,249$7,184$6,243$4,625
14 years$9,926$8,591$7,412$6,377$5,473$3,944
15 years$9,168$7,848$6,692$5,687$4,819$3,376
16 years$8,506$7,200$6,067$5,092$4,259$2,899
17 years$7,923$6,631$5,521$4,575$3,776$2,497
18 years$7,405$6,127$5,040$4,123$3,358$2,155
19 years$6,942$5,679$4,614$3,726$2,993$1,863
20 years$6,525$5,277$4,234$3,374$2,673$1,614
21 years$6,149$4,915$3,895$3,062$2,392$1,400
22 years$5,808$4,588$3,590$2,784$2,144$1,216
23 years$5,497$4,291$3,314$2,536$1,925$1,058
24 years$5,212$4,021$3,065$2,313$1,730$920
25 years$4,950$3,773$2,839$2,112$1,557$802
26 years$4,709$3,546$2,633$1,931$1,402$699
27 years$4,486$3,337$2,445$1,768$1,264$609
28 years$4,279$3,145$2,273$1,620$1,141$532
29 years$4,087$2,967$2,115$1,485$1,030$464
30 years$3,908$2,802$1,970$1,363$931$405
31 years$3,741$2,649$1,837$1,252$841$354
32 years$3,585$2,506$1,714$1,151$761$309
33 years$3,438$2,373$1,600$1,058$689$270
34 years$3,301$2,249$1,495$973$624$236
35 years$3,171$2,134$1,398$896$565$207
36 years$3,049$2,025$1,308$825$512$181
37 years$2,934$1,923$1,224$760$464$158
38 years$2,825$1,828$1,146$701$421$138
39 years$2,723$1,738$1,074$646$381$121
40 years$2,625$1,654$1,006$596$346$106
41 years$2,532$1,574$944$550$314$93
42 years$2,444$1,499$885$508$285$81
43 years$2,361$1,428$831$469$258$71
44 years$2,281$1,362$780$433$235$62
45 years$2,205$1,298$732$400$213$54
46 years$2,133$1,239$688$369$193$48
47 years$2,064$1,182$646$341$176$42
48 years$1,998$1,128$607$315$159$37
49 years$1,935$1,078$571$291$145$32
50 years$1,875$1,029$536$269$132$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,920,000, adding $5,388 every year, while hoping to spend $54,901 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/25/16 Blend
58$1,920,000$1,920,000$1,920,000$1,920,000
59$2,121,398$2,019,638$1,989,878$2,237,554
60$2,279,366$2,060,186$1,998,124$2,357,236
61$2,451,607$2,100,881$2,004,807$2,481,144
62$2,639,519$2,141,671$2,009,816$2,614,994
63$2,844,640$2,182,503$2,013,035$2,759,752
64$3,068,663$2,223,316$2,014,342$2,916,484
65$3,313,454$2,264,046$2,013,610$3,086,365
66$3,581,065$2,304,623$2,010,704$3,270,688
67$3,873,756$2,344,972$2,005,485$3,470,880
68$4,194,015$2,385,012$1,997,805$3,688,515
69$4,544,583$2,424,655$1,987,509$3,925,324
70$4,928,476$2,463,808$1,974,436$4,183,219
71$5,349,016$2,502,371$1,958,416$4,464,306
72$5,809,864$2,540,236$1,939,271$4,770,905
73$6,315,049$2,577,286$1,916,815$5,105,577
74$6,869,008$2,613,397$1,890,853$5,471,141
75$7,476,631$2,648,438$1,861,181$5,870,709
76$8,143,302$2,682,265$1,827,584$6,307,709
77$8,874,950$2,714,728$1,789,840$6,785,919
78$9,678,109$2,745,664$1,747,714$7,309,507
79$10,559,975$2,774,900$1,700,961$7,883,065
80$11,528,474$2,802,252$1,649,325$8,511,656
81$12,592,339$2,827,522$1,592,537$9,200,862
82$13,761,188$2,850,502$1,530,318$9,956,837
83$15,045,620$2,870,967$1,462,374$10,786,364
84$16,457,308$2,888,680$1,388,399$11,696,920
85$18,009,116$2,903,387$1,308,073$12,696,750
86$19,715,212$2,914,819$1,221,060$13,794,940
87$21,591,209$2,922,691$1,127,011$15,001,509
88$23,654,307$2,926,697$1,025,560$16,327,499
89$25,923,455$2,926,514$916,325$17,785,084
90$28,419,534$2,921,800$798,908$19,387,684
91$31,165,547$2,912,188$672,892$21,150,091
92$34,186,841$2,897,294$537,842$23,088,612
93$37,511,342$2,876,705$393,304$25,221,222
94$41,169,822$2,849,987$238,803$27,567,736
95$45,196,186$2,816,678$73,844$30,149,995
96$49,627,790$2,776,288$0$32,992,075
97$54,505,798$2,728,300$0$36,137,961
98$59,875,566$2,672,163$0$39,614,048
99$65,787,071$2,607,296$0$43,440,055
100$72,295,382$2,533,083$0$47,651,626