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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$158,552$157,140$155,762$154,417$153,103$147,554
2 years$78,491$77,029$75,612$74,239$72,906$67,376
3 years$51,808$50,339$48,926$47,566$46,255$40,918
4 years$38,468$37,005$35,606$34,268$32,989$27,886
5 years$30,467$29,012$27,632$26,321$25,078$20,222
6 years$25,135$23,691$22,330$21,049$19,843$15,239
7 years$21,327$19,895$18,557$17,306$16,138$11,783
8 years$18,473$17,054$15,738$14,517$13,388$9,279
9 years$16,254$14,849$13,555$12,366$11,275$7,406
10 years$14,480$13,088$11,817$10,659$9,607$5,972
11 years$13,029$11,652$10,404$9,277$8,262$4,853
12 years$11,822$10,458$9,233$8,137$7,160$3,969
13 years$10,800$9,451$8,249$7,184$6,243$3,261
14 years$9,926$8,591$7,412$6,377$5,473$2,691
15 years$9,168$7,848$6,692$5,687$4,819$2,227
16 years$8,506$7,200$6,067$5,092$4,259$1,848
17 years$7,923$6,631$5,521$4,575$3,776$1,537
18 years$7,405$6,127$5,040$4,123$3,358$1,280
19 years$6,942$5,679$4,614$3,726$2,993$1,068
20 years$6,525$5,277$4,234$3,374$2,673$892
21 years$6,149$4,915$3,895$3,062$2,392$746
22 years$5,808$4,588$3,590$2,784$2,144$624
23 years$5,497$4,291$3,314$2,536$1,925$523
24 years$5,212$4,021$3,065$2,313$1,730$438
25 years$4,950$3,773$2,839$2,112$1,557$367
26 years$4,709$3,546$2,633$1,931$1,402$308
27 years$4,486$3,337$2,445$1,768$1,264$258
28 years$4,279$3,145$2,273$1,620$1,141$217
29 years$4,087$2,967$2,115$1,485$1,030$182
30 years$3,908$2,802$1,970$1,363$931$153
31 years$3,741$2,649$1,837$1,252$841$128
32 years$3,585$2,506$1,714$1,151$761$108
33 years$3,438$2,373$1,600$1,058$689$90
34 years$3,301$2,249$1,495$973$624$76
35 years$3,171$2,134$1,398$896$565$64
36 years$3,049$2,025$1,308$825$512$54
37 years$2,934$1,923$1,224$760$464$45
38 years$2,825$1,828$1,146$701$421$38
39 years$2,723$1,738$1,074$646$381$32
40 years$2,625$1,654$1,006$596$346$27
41 years$2,532$1,574$944$550$314$22
42 years$2,444$1,499$885$508$285$19
43 years$2,361$1,428$831$469$258$16
44 years$2,281$1,362$780$433$235$13
45 years$2,205$1,298$732$400$213$11
46 years$2,133$1,239$688$369$193$9
47 years$2,064$1,182$646$341$176$8
48 years$1,998$1,128$607$315$159$7
49 years$1,935$1,078$571$291$145$6
50 years$1,875$1,029$536$269$132$5

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 $4,967 every year, while hoping to spend $37,706 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: 33/50/17 Blend
58$1,920,000$1,920,000$1,920,000$1,920,000
59$2,120,963$2,019,203$1,989,443$2,179,590
60$2,297,183$2,078,026$2,015,971$2,282,076
61$2,490,113$2,138,466$2,042,123$2,388,613
62$2,701,418$2,200,565$2,067,848$2,502,630
63$2,932,932$2,264,362$2,093,090$2,624,805
64$3,186,673$2,329,898$2,117,791$2,755,882
65$3,464,866$2,397,214$2,141,889$2,896,682
66$3,769,958$2,466,354$2,165,318$3,048,106
67$4,104,647$2,537,358$2,188,010$3,211,146
68$4,471,904$2,610,272$2,209,891$3,386,891
69$4,875,003$2,685,140$2,230,887$3,576,541
70$5,317,546$2,762,005$2,250,914$3,781,418
71$5,803,506$2,840,913$2,269,890$4,002,973
72$6,337,256$2,921,910$2,287,724$4,242,807
73$6,923,615$3,005,042$2,304,321$4,502,678
74$7,567,891$3,090,357$2,319,584$4,784,525
75$8,275,932$3,177,901$2,333,406$5,090,482
76$9,054,182$3,267,723$2,345,680$5,422,896
77$9,909,737$3,359,870$2,356,289$5,784,355
78$10,850,418$3,454,391$2,365,112$6,177,706
79$11,884,839$3,551,335$2,372,022$6,606,087
80$13,022,494$3,650,752$2,376,886$7,072,950
81$14,273,839$3,752,689$2,379,563$7,582,101
82$15,650,398$3,857,198$2,379,905$8,137,730
83$17,164,866$3,964,328$2,377,759$8,744,453
84$18,831,230$4,074,128$2,372,962$9,407,355
85$20,664,903$4,186,648$2,365,344$10,132,037
86$22,682,867$4,301,937$2,354,726$10,924,669
87$24,903,832$4,420,045$2,340,923$11,792,048
88$27,348,416$4,541,021$2,323,737$12,741,665
89$30,039,337$4,664,913$2,302,964$13,781,769
90$33,001,625$4,791,769$2,278,389$14,921,451
91$36,262,861$4,921,637$2,249,786$16,170,727
92$39,853,439$5,054,563$2,216,920$17,540,633
93$43,806,846$5,190,593$2,179,543$19,043,328
94$48,159,984$5,329,772$2,137,397$20,692,209
95$52,953,515$5,472,143$2,090,212$22,502,039
96$58,232,244$5,617,748$2,037,705$24,489,085
97$64,045,543$5,766,628$1,979,578$26,671,271
98$70,447,818$5,918,822$1,915,524$29,068,349
99$77,499,018$6,074,367$1,845,216$31,702,081
100$85,265,205$6,233,298$1,768,318$34,596,451