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%19.4%
1 years$159,378$157,958$156,573$155,221$153,901$148,087
2 years$78,900$77,430$76,006$74,625$73,286$67,496
3 years$52,077$50,602$49,181$47,813$46,496$40,912
4 years$38,669$37,198$35,791$34,447$33,161$27,826
5 years$30,626$29,163$27,775$26,458$25,209$20,136
6 years$25,265$23,814$22,447$21,159$19,947$15,140
7 years$21,438$19,999$18,653$17,396$16,222$11,680
8 years$18,569$17,143$15,819$14,593$13,458$9,176
9 years$16,339$14,926$13,625$12,430$11,333$7,306
10 years$14,555$13,156$11,879$10,715$9,657$5,876
11 years$13,097$11,712$10,458$9,325$8,305$4,763
12 years$11,883$10,512$9,281$8,179$7,197$3,885
13 years$10,857$9,500$8,292$7,221$6,276$3,183
14 years$9,977$8,635$7,451$6,410$5,501$2,619
15 years$9,216$7,889$6,727$5,717$4,844$2,162
16 years$8,551$7,238$6,099$5,119$4,281$1,788
17 years$7,964$6,666$5,550$4,599$3,796$1,483
18 years$7,443$6,159$5,066$4,145$3,375$1,232
19 years$6,978$5,708$4,638$3,745$3,008$1,024
20 years$6,559$5,305$4,256$3,392$2,687$853
21 years$6,181$4,941$3,915$3,078$2,405$711
22 years$5,838$4,612$3,608$2,799$2,155$593
23 years$5,525$4,314$3,332$2,549$1,935$495
24 years$5,239$4,042$3,081$2,325$1,739$413
25 years$4,976$3,793$2,854$2,123$1,565$345
26 years$4,733$3,565$2,647$1,941$1,410$289
27 years$4,509$3,355$2,458$1,777$1,271$241
28 years$4,302$3,161$2,285$1,628$1,147$202
29 years$4,108$2,982$2,126$1,493$1,035$169
30 years$3,929$2,816$1,980$1,370$936$141
31 years$3,761$2,662$1,846$1,258$846$118
32 years$3,604$2,519$1,723$1,157$765$99
33 years$3,456$2,386$1,608$1,064$692$83
34 years$3,318$2,261$1,503$979$627$69
35 years$3,188$2,145$1,405$901$568$58
36 years$3,065$2,036$1,314$830$515$49
37 years$2,950$1,933$1,230$764$466$41
38 years$2,840$1,837$1,152$705$423$34
39 years$2,737$1,747$1,079$650$383$29
40 years$2,639$1,662$1,012$599$348$24
41 years$2,546$1,582$949$553$315$20
42 years$2,457$1,507$890$510$286$17
43 years$2,373$1,436$835$471$260$14
44 years$2,293$1,369$784$435$236$12
45 years$2,217$1,305$736$402$214$10
46 years$2,144$1,245$691$371$194$8
47 years$2,075$1,188$649$343$176$7
48 years$2,008$1,134$610$317$160$6
49 years$1,945$1,083$574$293$146$5
50 years$1,884$1,035$539$271$132$4

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 $6,444 every year, while hoping to spend $58,705 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: 67/15/18 Blend
58$1,930,000$1,930,000$1,930,000$1,930,000
59$2,133,507$2,031,217$2,001,302$2,266,625
60$2,288,663$2,068,285$2,005,884$2,393,515
61$2,457,677$2,105,202$2,008,652$2,524,790
62$2,641,902$2,141,898$2,009,483$2,666,905
63$2,842,824$2,178,299$2,008,248$2,820,922
64$3,062,080$2,214,324$2,004,813$2,988,014
65$3,301,473$2,249,887$1,999,035$3,169,471
66$3,562,987$2,284,895$1,990,767$3,366,715
67$3,848,805$2,319,248$1,979,851$3,581,314
68$4,161,332$2,352,840$1,966,125$3,814,997
69$4,503,215$2,385,556$1,949,417$4,069,669
70$4,877,369$2,417,275$1,929,549$4,347,430
71$5,287,004$2,447,864$1,906,332$4,650,593
72$5,735,655$2,477,186$1,879,570$4,981,711
73$6,227,212$2,505,089$1,849,056$5,343,595
74$6,765,965$2,531,415$1,814,576$5,739,346
75$7,356,632$2,555,993$1,775,904$6,172,381
76$8,004,415$2,578,643$1,732,803$6,646,466
77$8,715,040$2,599,171$1,685,026$7,165,755
78$9,494,815$2,617,371$1,632,316$7,734,825
79$10,350,688$2,633,025$1,574,401$8,358,721
80$11,290,314$2,645,899$1,510,999$9,043,005
81$12,322,123$2,655,745$1,441,814$9,793,809
82$13,455,403$2,662,300$1,366,538$10,617,891
83$14,700,385$2,665,283$1,284,848$11,522,701
84$16,068,339$2,664,397$1,196,406$12,516,453
85$17,571,683$2,659,326$1,100,859$13,608,198
86$19,224,096$2,649,734$997,839$14,807,916
87$21,040,649$2,635,266$886,961$16,126,606
88$23,037,944$2,615,543$767,823$17,576,393
89$25,234,274$2,590,165$640,005$19,170,644
90$27,649,794$2,558,706$503,069$20,924,090
91$30,306,708$2,520,718$356,556$22,852,970
92$33,229,480$2,475,721$199,990$24,975,184
93$36,445,068$2,423,212$32,870$27,310,463
94$39,983,170$2,362,655$0$29,880,555
95$43,876,511$2,293,483$0$32,737,371
96$48,161,147$2,215,095$0$35,887,948
97$52,876,807$2,126,857$0$39,355,197
98$58,067,265$2,028,098$0$43,171,333
99$63,780,757$1,918,105$0$47,371,858
100$70,070,429$1,796,127$0$51,995,894