Can I retire at age 59 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$164,332$162,869$161,440$160,046$158,685$156,443
2 years$81,353$79,838$78,369$76,945$75,564$73,310
3 years$53,696$52,175$50,710$49,300$47,941$45,744
4 years$39,871$38,354$36,904$35,518$34,192$32,070
5 years$31,578$30,070$28,639$27,281$25,992$23,951
6 years$26,051$24,554$23,145$21,817$20,567$18,608
7 years$22,105$20,621$19,233$17,937$16,726$14,852
8 years$19,146$17,676$16,311$15,047$13,876$12,085
9 years$16,847$15,390$14,049$12,816$11,686$9,977
10 years$15,008$13,565$12,248$11,048$9,957$8,330
11 years$13,504$12,077$10,783$9,615$8,563$7,016
12 years$12,253$10,839$9,570$8,434$7,421$5,952
13 years$11,194$9,796$8,550$7,446$6,471$5,078
14 years$10,288$8,904$7,682$6,609$5,672$4,353
15 years$9,503$8,134$6,936$5,894$4,994$3,747
16 years$8,816$7,463$6,288$5,278$4,414$3,236
17 years$8,212$6,873$5,722$4,742$3,914$2,802
18 years$7,675$6,351$5,224$4,274$3,480$2,433
19 years$7,195$5,886$4,782$3,862$3,102$2,116
20 years$6,763$5,469$4,389$3,497$2,771$1,844
21 years$6,374$5,095$4,037$3,174$2,479$1,610
22 years$6,020$4,756$3,720$2,886$2,222$1,407
23 years$5,697$4,448$3,435$2,628$1,995$1,231
24 years$5,402$4,167$3,177$2,397$1,793$1,078
25 years$5,131$3,911$2,943$2,189$1,614$945
26 years$4,881$3,676$2,729$2,002$1,453$829
27 years$4,649$3,459$2,534$1,832$1,310$727
28 years$4,435$3,259$2,356$1,679$1,182$639
29 years$4,236$3,075$2,192$1,539$1,068$561
30 years$4,051$2,904$2,042$1,413$965$493
31 years$3,878$2,745$1,904$1,298$872$434
32 years$3,716$2,598$1,776$1,192$789$382
33 years$3,564$2,460$1,658$1,097$714$336
34 years$3,421$2,331$1,550$1,009$646$296
35 years$3,287$2,211$1,449$929$586$260
36 years$3,161$2,099$1,355$855$530$229
37 years$3,041$1,993$1,269$788$481$202
38 years$2,928$1,894$1,188$726$436$178
39 years$2,822$1,801$1,113$670$395$157
40 years$2,721$1,714$1,043$618$359$138
41 years$2,625$1,632$978$570$325$122
42 years$2,534$1,554$918$526$295$107
43 years$2,447$1,480$861$486$268$94
44 years$2,364$1,411$808$448$243$83
45 years$2,286$1,346$759$414$221$73
46 years$2,211$1,284$713$382$200$65
47 years$2,139$1,225$670$353$182$57
48 years$2,071$1,170$629$327$165$50
49 years$2,006$1,117$591$302$150$44
50 years$1,943$1,067$556$279$136$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,990,000, adding $6,468 every year, while hoping to spend $49,558 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: 35/39/26 Blend
58$1,990,000$1,990,000$1,990,000$1,990,000
59$2,199,652$2,094,182$2,063,337$2,259,172
60$2,371,287$2,144,067$2,079,729$2,353,958
61$2,558,768$2,194,736$2,095,010$2,451,210
62$2,763,659$2,246,175$2,109,089$2,555,173
63$2,987,681$2,298,367$2,121,873$2,666,478
64$3,232,731$2,351,293$2,133,262$2,785,822
65$3,500,895$2,404,932$2,143,152$2,913,974
66$3,794,472$2,459,260$2,151,434$3,051,782
67$4,115,994$2,514,249$2,157,992$3,200,179
68$4,468,248$2,569,869$2,162,707$3,360,196
69$4,854,302$2,626,086$2,165,451$3,532,968
70$5,277,538$2,682,862$2,166,091$3,719,749
71$5,741,680$2,740,154$2,164,487$3,921,921
72$6,250,827$2,797,918$2,160,494$4,141,006
73$6,809,498$2,856,102$2,153,957$4,378,686
74$7,422,667$2,914,652$2,144,715$4,636,813
75$8,095,816$2,973,506$2,132,599$4,917,431
76$8,834,980$3,032,600$2,117,433$5,222,796
77$9,646,812$3,091,861$2,099,030$5,555,391
78$10,538,636$3,151,211$2,077,197$5,917,961
79$11,518,523$3,210,567$2,051,730$6,313,528
80$12,595,365$3,269,837$2,022,415$6,745,427
81$13,778,956$3,328,923$1,989,030$7,217,336
82$15,080,088$3,387,719$1,951,341$7,733,311
83$16,510,649$3,446,109$1,909,102$8,297,825
84$18,083,738$3,503,970$1,862,060$8,915,812
85$19,813,785$3,561,171$1,809,945$9,592,710
86$21,716,690$3,617,568$1,752,477$10,334,520
87$23,809,972$3,673,008$1,689,364$11,147,857
88$26,112,931$3,727,327$1,620,300$12,040,017
89$28,646,833$3,780,349$1,544,964$13,019,043
90$31,435,111$3,831,887$1,463,020$14,093,806
91$34,503,581$3,881,739$1,374,121$15,274,090
92$37,880,692$3,929,689$1,277,899$16,570,678
93$41,597,786$3,975,508$1,173,972$17,995,465
94$45,689,402$4,018,949$1,061,942$19,561,563
95$50,193,595$4,059,752$941,391$21,283,433
96$55,152,298$4,097,636$811,884$23,177,016
97$60,611,715$4,132,303$672,965$25,259,889
98$66,622,760$4,163,436$524,160$27,551,433
99$73,241,535$4,190,697$364,972$30,073,015
100$80,529,857$4,213,727$194,884$32,848,191