Can I retire at age 59 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$161,029$159,595$158,195$156,829$155,496$152,543
2 years$79,717$78,233$76,794$75,399$74,046$71,083
3 years$52,617$51,126$49,691$48,309$46,978$44,096
4 years$39,070$37,583$36,162$34,804$33,505$30,728
5 years$30,943$29,466$28,063$26,733$25,470$22,805
6 years$25,527$24,061$22,679$21,378$20,153$17,603
7 years$21,660$20,206$18,847$17,576$16,390$13,955
8 years$18,761$17,320$15,983$14,744$13,597$11,277
9 years$16,508$15,081$13,767$12,559$11,451$9,244
10 years$14,706$13,293$12,002$10,826$9,757$7,661
11 years$13,233$11,834$10,566$9,422$8,391$6,405
12 years$12,006$10,621$9,377$8,264$7,271$5,391
13 years$10,969$9,599$8,378$7,296$6,341$4,564
14 years$10,081$8,725$7,528$6,477$5,558$3,881
15 years$9,312$7,970$6,797$5,776$4,894$3,313
16 years$8,639$7,313$6,162$5,172$4,325$2,837
17 years$8,047$6,735$5,607$4,647$3,835$2,436
18 years$7,520$6,223$5,119$4,188$3,410$2,096
19 years$7,050$5,768$4,686$3,784$3,039$1,808
20 years$6,627$5,359$4,300$3,427$2,715$1,561
21 years$6,245$4,992$3,956$3,110$2,430$1,350
22 years$5,899$4,660$3,646$2,828$2,178$1,169
23 years$5,583$4,358$3,366$2,575$1,955$1,014
24 years$5,293$4,084$3,113$2,349$1,757$879
25 years$5,027$3,832$2,883$2,145$1,581$763
26 years$4,782$3,602$2,674$1,961$1,424$663
27 years$4,556$3,390$2,483$1,795$1,284$577
28 years$4,346$3,194$2,308$1,645$1,159$501
29 years$4,151$3,013$2,148$1,508$1,046$436
30 years$3,969$2,846$2,001$1,384$945$380
31 years$3,800$2,690$1,865$1,271$855$331
32 years$3,641$2,545$1,741$1,169$773$288
33 years$3,492$2,410$1,625$1,075$700$251
34 years$3,352$2,285$1,518$989$633$219
35 years$3,221$2,167$1,420$910$574$191
36 years$3,097$2,057$1,328$838$520$166
37 years$2,980$1,953$1,243$772$471$145
38 years$2,870$1,856$1,164$712$427$126
39 years$2,765$1,765$1,091$656$387$110
40 years$2,666$1,679$1,022$605$351$96
41 years$2,572$1,599$958$559$319$84
42 years$2,483$1,523$899$515$289$73
43 years$2,398$1,451$844$476$262$64
44 years$2,317$1,383$792$439$238$56
45 years$2,240$1,319$744$406$216$48
46 years$2,166$1,258$698$375$196$42
47 years$2,096$1,200$656$346$178$37
48 years$2,029$1,146$617$320$162$32
49 years$1,965$1,094$580$296$147$28
50 years$1,904$1,045$545$273$134$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,950,000, adding $2,096 every year, while hoping to spend $38,110 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: 73/18/9 Blend
58$1,950,000$1,950,000$1,950,000$1,950,000
59$2,151,062$2,047,712$2,017,487$2,304,562
60$2,329,922$2,107,501$2,044,524$2,465,938
61$2,525,748$2,168,943$2,071,190$2,637,664
62$2,740,230$2,232,077$2,097,431$2,824,682
63$2,975,231$2,296,947$2,123,192$3,028,493
64$3,232,800$2,363,593$2,148,415$3,250,748
65$3,515,196$2,432,058$2,173,036$3,493,267
66$3,824,904$2,502,387$2,196,991$3,758,051
67$4,164,663$2,574,624$2,220,210$4,047,306
68$4,537,492$2,648,813$2,242,619$4,363,461
69$4,946,711$2,725,000$2,264,143$4,709,191
70$5,395,983$2,803,232$2,284,699$5,087,442
71$5,889,339$2,883,556$2,304,201$5,501,457
72$6,431,220$2,966,019$2,322,561$5,954,813
73$7,026,520$3,050,669$2,339,682$6,451,444
74$7,680,629$3,137,556$2,355,466$6,995,687
75$8,399,485$3,226,729$2,369,806$7,592,320
76$9,189,631$3,318,237$2,382,593$8,246,604
77$10,058,274$3,412,131$2,393,710$8,964,337
78$11,013,354$3,508,461$2,403,036$9,751,904
79$12,063,620$3,607,280$2,410,441$10,616,341
80$13,218,711$3,708,638$2,415,793$11,565,401
81$14,489,246$3,812,588$2,418,948$12,607,622
82$15,886,926$3,919,182$2,419,760$13,752,413
83$17,424,642$4,028,471$2,418,071$15,010,141
84$19,116,599$4,140,510$2,413,720$16,392,228
85$20,978,446$4,255,349$2,406,534$17,911,257
86$23,027,428$4,373,042$2,396,334$19,581,095
87$25,282,546$4,493,641$2,382,931$21,417,019
88$27,764,735$4,617,198$2,366,128$23,435,862
89$30,497,063$4,743,766$2,345,719$25,656,174
90$33,504,949$4,873,396$2,321,486$28,098,391
91$36,816,400$5,006,140$2,293,202$30,785,035
92$40,462,279$5,142,047$2,260,631$33,740,919
93$44,476,592$5,281,167$2,223,522$36,993,388
94$48,896,810$5,423,550$2,181,616$40,572,570
95$53,764,224$5,569,243$2,134,639$44,511,667
96$59,124,333$5,718,294$2,082,307$48,847,262
97$65,027,271$5,870,747$2,024,321$53,619,669
98$71,528,285$6,026,646$1,960,368$58,873,310
99$78,688,252$6,186,033$1,890,122$64,657,137
100$86,574,254$6,348,949$1,813,242$71,025,091