Can I retire at age 59 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$161,855$160,413$159,007$157,634$156,293$153,012
2 years$80,126$78,634$77,188$75,785$74,425$71,135
3 years$52,887$51,388$49,946$48,556$47,218$44,022
4 years$39,270$37,776$36,348$34,982$33,677$30,599
5 years$31,102$29,617$28,207$26,870$25,600$22,649
6 years$25,658$24,184$22,796$21,488$20,257$17,436
7 years$21,771$20,310$18,943$17,666$16,474$13,784
8 years$18,858$17,409$16,065$14,820$13,667$11,106
9 years$16,593$15,158$13,837$12,623$11,510$9,077
10 years$14,782$13,361$12,064$10,881$9,807$7,499
11 years$13,301$11,894$10,621$9,470$8,434$6,249
12 years$12,068$10,676$9,425$8,307$7,309$5,244
13 years$11,025$9,648$8,421$7,333$6,373$4,424
14 years$10,132$8,770$7,566$6,510$5,587$3,749
15 years$9,359$8,011$6,831$5,806$4,919$3,190
16 years$8,684$7,350$6,194$5,198$4,348$2,722
17 years$8,088$6,769$5,636$4,671$3,855$2,329
18 years$7,559$6,255$5,145$4,209$3,428$1,997
19 years$7,086$5,797$4,710$3,803$3,055$1,715
20 years$6,661$5,387$4,323$3,445$2,729$1,476
21 years$6,278$5,018$3,976$3,126$2,442$1,272
22 years$5,929$4,684$3,664$2,842$2,189$1,097
23 years$5,611$4,381$3,383$2,589$1,965$947
24 years$5,320$4,104$3,129$2,361$1,766$818
25 years$5,053$3,852$2,898$2,156$1,589$708
26 years$4,807$3,620$2,688$1,972$1,431$613
27 years$4,579$3,407$2,496$1,805$1,291$530
28 years$4,368$3,210$2,320$1,653$1,165$459
29 years$4,172$3,029$2,159$1,516$1,052$398
30 years$3,990$2,860$2,011$1,392$950$345
31 years$3,819$2,704$1,875$1,278$859$299
32 years$3,660$2,558$1,749$1,174$777$260
33 years$3,510$2,423$1,633$1,080$703$225
34 years$3,370$2,296$1,526$994$637$195
35 years$3,237$2,178$1,427$915$577$170
36 years$3,113$2,067$1,335$843$522$147
37 years$2,995$1,963$1,249$776$474$128
38 years$2,884$1,866$1,170$715$429$111
39 years$2,779$1,774$1,096$660$389$96
40 years$2,680$1,688$1,027$608$353$84
41 years$2,585$1,607$963$561$320$73
42 years$2,495$1,530$904$518$291$63
43 years$2,410$1,458$848$478$264$55
44 years$2,329$1,390$796$442$239$48
45 years$2,251$1,325$747$408$217$41
46 years$2,178$1,264$702$377$197$36
47 years$2,107$1,207$660$348$179$31
48 years$2,040$1,152$620$322$163$27
49 years$1,975$1,100$583$297$148$24
50 years$1,914$1,051$548$275$134$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,960,000, adding $4,360 every year, while hoping to spend $51,635 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: 78/14/8 Blend
58$1,960,000$1,960,000$1,960,000$1,960,000
59$2,164,417$2,060,537$2,030,157$2,330,510
60$2,330,249$2,106,564$2,043,228$2,486,188
61$2,511,264$2,153,116$2,055,007$2,649,746
62$2,708,958$2,200,164$2,065,394$2,827,603
63$2,924,976$2,247,676$2,074,289$3,021,160
64$3,161,128$2,295,616$2,081,582$3,231,960
65$3,419,408$2,343,947$2,087,160$3,461,701
66$3,702,012$2,392,625$2,090,905$3,712,254
67$4,011,357$2,441,603$2,092,690$3,985,681
68$4,350,105$2,490,831$2,092,384$4,284,252
69$4,721,187$2,540,254$2,089,851$4,610,466
70$5,127,833$2,589,810$2,084,945$4,967,077
71$5,573,596$2,639,435$2,077,515$5,357,121
72$6,062,392$2,689,057$2,067,401$5,783,940
73$6,598,535$2,738,600$2,054,438$6,251,214
74$7,186,775$2,787,980$2,038,451$6,763,003
75$7,832,343$2,837,109$2,019,257$7,323,774
76$8,541,004$2,885,889$1,996,664$7,938,452
77$9,319,106$2,934,217$1,970,471$8,612,462
78$10,173,642$2,981,981$1,940,469$9,351,782
79$11,112,316$3,029,061$1,906,438$10,162,999
80$12,143,616$3,075,328$1,868,147$11,053,370
81$13,276,890$3,120,644$1,825,355$12,030,890
82$14,522,439$3,164,862$1,777,810$13,104,373
83$15,891,609$3,207,822$1,725,249$14,283,526
84$17,396,904$3,249,356$1,667,395$15,579,048
85$19,052,096$3,289,281$1,603,960$17,002,728
86$20,872,359$3,327,406$1,534,643$18,567,556
87$22,874,413$3,363,522$1,459,127$20,287,847
88$25,076,679$3,397,410$1,377,083$22,179,376
89$27,499,451$3,428,835$1,288,166$24,259,526
90$30,165,093$3,457,545$1,192,017$26,547,450
91$33,098,241$3,483,274$1,088,259$29,064,258
92$36,326,045$3,505,737$976,499$31,833,211
93$39,878,416$3,524,633$856,326$34,879,942
94$43,788,312$3,539,638$727,311$38,232,698
95$48,092,051$3,550,411$589,006$41,922,609
96$52,829,647$3,556,587$440,945$45,983,979
97$58,045,192$3,557,781$282,637$50,454,610
98$63,787,270$3,553,582$113,575$55,376,162
99$70,109,417$3,543,552$0$60,794,544
100$77,070,622$3,527,231$0$66,766,053