Can I retire at age 59 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$159,378$157,958$156,573$155,221$153,901$148,915
2 years$78,900$77,430$76,006$74,625$73,286$68,310
3 years$52,077$50,602$49,181$47,813$46,496$41,685
4 years$38,669$37,198$35,791$34,447$33,161$28,553
5 years$30,626$29,163$27,775$26,458$25,209$20,815
6 years$25,265$23,814$22,447$21,159$19,947$15,772
7 years$21,438$19,999$18,653$17,396$16,222$12,265
8 years$18,569$17,143$15,819$14,593$13,458$9,716
9 years$16,339$14,926$13,625$12,430$11,333$7,802
10 years$14,555$13,156$11,879$10,715$9,657$6,331
11 years$13,097$11,712$10,458$9,325$8,305$5,179
12 years$11,883$10,512$9,281$8,179$7,197$4,263
13 years$10,857$9,500$8,292$7,221$6,276$3,527
14 years$9,977$8,635$7,451$6,410$5,501$2,930
15 years$9,216$7,889$6,727$5,717$4,844$2,443
16 years$8,551$7,238$6,099$5,119$4,281$2,042
17 years$7,964$6,666$5,550$4,599$3,796$1,710
18 years$7,443$6,159$5,066$4,145$3,375$1,435
19 years$6,978$5,708$4,638$3,745$3,008$1,207
20 years$6,559$5,305$4,256$3,392$2,687$1,016
21 years$6,181$4,941$3,915$3,078$2,405$856
22 years$5,838$4,612$3,608$2,799$2,155$722
23 years$5,525$4,314$3,332$2,549$1,935$609
24 years$5,239$4,042$3,081$2,325$1,739$514
25 years$4,976$3,793$2,854$2,123$1,565$435
26 years$4,733$3,565$2,647$1,941$1,410$367
27 years$4,509$3,355$2,458$1,777$1,271$311
28 years$4,302$3,161$2,285$1,628$1,147$263
29 years$4,108$2,982$2,126$1,493$1,035$222
30 years$3,929$2,816$1,980$1,370$936$188
31 years$3,761$2,662$1,846$1,258$846$159
32 years$3,604$2,519$1,723$1,157$765$135
33 years$3,456$2,386$1,608$1,064$692$114
34 years$3,318$2,261$1,503$979$627$97
35 years$3,188$2,145$1,405$901$568$82
36 years$3,065$2,036$1,314$830$515$69
37 years$2,950$1,933$1,230$764$466$59
38 years$2,840$1,837$1,152$705$423$50
39 years$2,737$1,747$1,079$650$383$42
40 years$2,639$1,662$1,012$599$348$36
41 years$2,546$1,582$949$553$315$30
42 years$2,457$1,507$890$510$286$26
43 years$2,373$1,436$835$471$260$22
44 years$2,293$1,369$784$435$236$18
45 years$2,217$1,305$736$402$214$16
46 years$2,144$1,245$691$371$194$13
47 years$2,075$1,188$649$343$176$11
48 years$2,008$1,134$610$317$160$10
49 years$1,945$1,083$574$293$146$8
50 years$1,884$1,035$539$271$132$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,930,000, adding $2,104 every year, while hoping to spend $47,137 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: 47/28/25 Blend
58$1,930,000$1,930,000$1,930,000$1,930,000
59$2,129,030$2,026,740$1,996,825$2,213,782
60$2,296,038$2,075,897$2,013,566$2,322,710
61$2,478,501$2,125,883$2,029,287$2,436,069
62$2,677,945$2,176,688$2,043,905$2,558,183
63$2,896,051$2,228,302$2,057,332$2,689,896
64$3,134,671$2,280,711$2,069,475$2,832,139
65$3,395,841$2,333,900$2,080,236$2,985,938
66$3,681,806$2,387,850$2,089,513$3,152,423
67$3,995,037$2,442,541$2,097,198$3,332,840
68$4,338,253$2,497,949$2,103,177$3,528,563
69$4,714,454$2,554,047$2,107,332$3,741,104
70$5,126,938$2,610,805$2,109,538$3,972,133
71$5,579,341$2,668,190$2,109,663$4,223,490
72$6,075,668$2,726,165$2,107,570$4,497,200
73$6,620,327$2,784,689$2,103,115$4,795,500
74$7,218,178$2,843,715$2,096,147$5,120,853
75$7,874,570$2,903,196$2,086,506$5,475,976
76$8,595,399$2,963,075$2,074,027$5,863,861
77$9,387,157$3,023,293$2,058,534$6,287,811
78$10,256,998$3,083,786$2,039,846$6,751,463
79$11,212,802$3,144,481$2,017,771$7,258,829
80$12,263,250$3,205,303$1,992,109$7,814,332
81$13,417,907$3,266,167$1,962,649$8,422,846
82$14,687,308$3,326,984$1,929,172$9,089,745
83$16,083,062$3,387,655$1,891,448$9,820,954
84$17,617,959$3,448,075$1,849,236$10,623,005
85$19,306,090$3,508,130$1,802,285$11,503,096
86$21,162,980$3,567,697$1,750,330$12,469,166
87$23,205,734$3,626,645$1,693,097$13,529,965
88$25,453,199$3,684,831$1,630,296$14,695,137
89$27,926,141$3,742,103$1,561,627$15,975,316
90$30,647,440$3,798,298$1,486,773$17,382,222
91$33,642,305$3,853,241$1,405,406$18,928,778
92$36,938,514$3,906,744$1,317,182$20,629,226
93$40,566,675$3,958,607$1,221,740$22,499,267
94$44,560,512$4,008,615$1,118,704$24,556,209
95$48,957,185$4,056,538$1,007,681$26,819,131
96$53,797,641$4,102,131$888,262$29,309,061
97$59,126,999$4,145,134$760,017$32,049,182
98$64,994,974$4,185,267$622,499$35,065,046
99$71,456,349$4,222,232$475,240$38,384,819
100$78,571,488$4,255,713$317,752$42,039,548