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%17.4%
1 years$158,552$157,140$155,762$154,417$153,103$148,500
2 years$78,491$77,029$75,612$74,239$72,906$68,307
3 years$51,808$50,339$48,926$47,566$46,255$41,804
4 years$38,468$37,005$35,606$34,268$32,989$28,721
5 years$30,467$29,012$27,632$26,321$25,078$21,004
6 years$25,135$23,691$22,330$21,049$19,843$15,967
7 years$21,327$19,895$18,557$17,306$16,138$12,460
8 years$18,473$17,054$15,738$14,517$13,388$9,905
9 years$16,254$14,849$13,555$12,366$11,275$7,983
10 years$14,480$13,088$11,817$10,659$9,607$6,502
11 years$13,029$11,652$10,404$9,277$8,262$5,340
12 years$11,822$10,458$9,233$8,137$7,160$4,413
13 years$10,800$9,451$8,249$7,184$6,243$3,666
14 years$9,926$8,591$7,412$6,377$5,473$3,058
15 years$9,168$7,848$6,692$5,687$4,819$2,560
16 years$8,506$7,200$6,067$5,092$4,259$2,149
17 years$7,923$6,631$5,521$4,575$3,776$1,808
18 years$7,405$6,127$5,040$4,123$3,358$1,525
19 years$6,942$5,679$4,614$3,726$2,993$1,287
20 years$6,525$5,277$4,234$3,374$2,673$1,089
21 years$6,149$4,915$3,895$3,062$2,392$921
22 years$5,808$4,588$3,590$2,784$2,144$781
23 years$5,497$4,291$3,314$2,536$1,925$662
24 years$5,212$4,021$3,065$2,313$1,730$562
25 years$4,950$3,773$2,839$2,112$1,557$477
26 years$4,709$3,546$2,633$1,931$1,402$405
27 years$4,486$3,337$2,445$1,768$1,264$344
28 years$4,279$3,145$2,273$1,620$1,141$293
29 years$4,087$2,967$2,115$1,485$1,030$249
30 years$3,908$2,802$1,970$1,363$931$212
31 years$3,741$2,649$1,837$1,252$841$180
32 years$3,585$2,506$1,714$1,151$761$153
33 years$3,438$2,373$1,600$1,058$689$130
34 years$3,301$2,249$1,495$973$624$111
35 years$3,171$2,134$1,398$896$565$95
36 years$3,049$2,025$1,308$825$512$80
37 years$2,934$1,923$1,224$760$464$69
38 years$2,825$1,828$1,146$701$421$58
39 years$2,723$1,738$1,074$646$381$50
40 years$2,625$1,654$1,006$596$346$42
41 years$2,532$1,574$944$550$314$36
42 years$2,444$1,499$885$508$285$31
43 years$2,361$1,428$831$469$258$26
44 years$2,281$1,362$780$433$235$22
45 years$2,205$1,298$732$400$213$19
46 years$2,133$1,239$688$369$193$16
47 years$2,064$1,182$646$341$176$14
48 years$1,998$1,128$607$315$159$12
49 years$1,935$1,078$571$291$145$10
50 years$1,875$1,029$536$269$132$8

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 $4,025 every year, while hoping to spend $31,452 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: 67/6/27 Blend
58$1,920,000$1,920,000$1,920,000$1,920,000
59$2,119,992$2,018,232$1,988,472$2,246,842
60$2,302,766$2,083,660$2,021,621$2,398,181
61$2,503,130$2,151,241$2,054,826$2,559,722
62$2,722,843$2,221,046$2,088,057$2,735,698
63$2,963,845$2,293,149$2,121,279$2,927,538
64$3,228,272$2,367,629$2,154,457$3,136,815
65$3,518,478$2,444,565$2,187,553$3,365,259
66$3,837,054$2,524,039$2,220,528$3,614,778
67$4,186,855$2,606,138$2,253,336$3,887,475
68$4,571,025$2,690,951$2,285,935$4,185,663
69$4,993,030$2,778,568$2,318,274$4,511,893
70$5,456,686$2,869,085$2,350,303$4,868,976
71$5,966,198$2,962,599$2,381,968$5,260,006
72$6,526,197$3,059,213$2,413,211$5,688,394
73$7,141,787$3,159,032$2,443,971$6,157,897
74$7,818,589$3,262,165$2,474,184$6,672,656
75$8,562,797$3,368,723$2,503,781$7,237,231
76$9,381,236$3,478,825$2,532,692$7,856,650
77$10,281,425$3,592,590$2,560,840$8,536,449
78$11,271,647$3,710,143$2,588,144$9,282,731
79$12,361,029$3,831,614$2,614,521$10,102,219
80$13,559,628$3,957,138$2,639,882$11,002,322
81$14,878,525$4,086,851$2,664,132$11,991,205
82$16,329,926$4,220,899$2,687,172$13,077,861
83$17,927,285$4,359,430$2,708,899$14,272,205
84$19,685,424$4,502,597$2,729,203$15,585,158
85$21,620,673$4,650,561$2,747,967$17,028,757
86$23,751,029$4,803,486$2,765,072$18,616,266
87$26,096,320$4,961,543$2,780,388$20,362,300
88$28,678,396$5,124,909$2,793,782$22,282,965
89$31,521,331$5,293,769$2,805,112$24,396,010
90$34,651,655$5,468,311$2,814,231$26,720,991
91$38,098,598$5,648,733$2,820,983$29,279,462
92$41,894,373$5,835,239$2,825,204$32,095,172
93$46,074,473$6,028,040$2,826,722$35,194,294
94$50,678,010$6,227,354$2,825,358$38,605,669
95$55,748,082$6,433,409$2,820,922$42,361,080
96$61,332,179$6,646,439$2,813,216$46,495,552
97$67,482,635$6,866,689$2,802,032$51,047,680
98$74,257,117$7,094,409$2,787,153$56,059,998
99$81,719,171$7,329,863$2,768,351$61,579,379
100$89,938,820$7,573,320$2,745,384$67,657,473