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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$164,332$162,869$161,440$160,046$158,685$153,177
2 years$81,353$79,838$78,369$76,945$75,564$70,072
3 years$53,696$52,175$50,710$49,300$47,941$42,637
4 years$39,871$38,354$36,904$35,518$34,192$29,117
5 years$31,578$30,070$28,639$27,281$25,992$21,159
6 years$26,051$24,554$23,145$21,817$20,567$15,979
7 years$22,105$20,621$19,233$17,937$16,726$12,384
8 years$19,146$17,676$16,311$15,047$13,876$9,776
9 years$16,847$15,390$14,049$12,816$11,686$7,822
10 years$15,008$13,565$12,248$11,048$9,957$6,323
11 years$13,504$12,077$10,783$9,615$8,563$5,152
12 years$12,253$10,839$9,570$8,434$7,421$4,224
13 years$11,194$9,796$8,550$7,446$6,471$3,481
14 years$10,288$8,904$7,682$6,609$5,672$2,880
15 years$9,503$8,134$6,936$5,894$4,994$2,390
16 years$8,816$7,463$6,288$5,278$4,414$1,989
17 years$8,212$6,873$5,722$4,742$3,914$1,659
18 years$7,675$6,351$5,224$4,274$3,480$1,386
19 years$7,195$5,886$4,782$3,862$3,102$1,160
20 years$6,763$5,469$4,389$3,497$2,771$972
21 years$6,374$5,095$4,037$3,174$2,479$815
22 years$6,020$4,756$3,720$2,886$2,222$684
23 years$5,697$4,448$3,435$2,628$1,995$575
24 years$5,402$4,167$3,177$2,397$1,793$483
25 years$5,131$3,911$2,943$2,189$1,614$406
26 years$4,881$3,676$2,729$2,002$1,453$342
27 years$4,649$3,459$2,534$1,832$1,310$288
28 years$4,435$3,259$2,356$1,679$1,182$242
29 years$4,236$3,075$2,192$1,539$1,068$204
30 years$4,051$2,904$2,042$1,413$965$172
31 years$3,878$2,745$1,904$1,298$872$145
32 years$3,716$2,598$1,776$1,192$789$122
33 years$3,564$2,460$1,658$1,097$714$103
34 years$3,421$2,331$1,550$1,009$646$87
35 years$3,287$2,211$1,449$929$586$73
36 years$3,161$2,099$1,355$855$530$61
37 years$3,041$1,993$1,269$788$481$52
38 years$2,928$1,894$1,188$726$436$44
39 years$2,822$1,801$1,113$670$395$37
40 years$2,721$1,714$1,043$618$359$31
41 years$2,625$1,632$978$570$325$26
42 years$2,534$1,554$918$526$295$22
43 years$2,447$1,480$861$486$268$19
44 years$2,364$1,411$808$448$243$16
45 years$2,286$1,346$759$414$221$13
46 years$2,211$1,284$713$382$200$11
47 years$2,139$1,225$670$353$182$9
48 years$2,071$1,170$629$327$165$8
49 years$2,006$1,117$591$302$150$7
50 years$1,943$1,067$556$279$136$6

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 $3,007 every year, while hoping to spend $31,879 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: 74/12/14 Blend
58$1,990,000$1,990,000$1,990,000$1,990,000
59$2,196,082$2,090,612$2,059,767$2,351,788
60$2,386,163$2,159,133$2,094,850$2,523,682
61$2,594,564$2,229,943$2,130,040$2,707,727
62$2,823,120$2,303,120$2,165,307$2,908,519
63$3,073,852$2,378,747$2,200,618$3,127,712
64$3,348,986$2,456,906$2,235,940$3,367,129
65$3,650,974$2,537,686$2,271,235$3,628,774
66$3,982,517$2,621,177$2,306,465$3,914,855
67$4,346,591$2,707,471$2,341,589$4,227,805
68$4,746,472$2,796,666$2,376,561$4,570,303
69$5,185,772$2,888,863$2,411,336$4,945,298
70$5,668,468$2,984,165$2,445,863$5,356,041
71$6,198,943$3,082,679$2,480,090$5,806,111
72$6,782,023$3,184,518$2,513,961$6,299,451
73$7,423,026$3,289,797$2,547,416$6,840,403
74$8,127,813$3,398,636$2,580,393$7,433,752
75$8,902,839$3,511,158$2,612,825$8,084,769
76$9,755,217$3,627,492$2,644,642$8,799,260
77$10,692,782$3,747,772$2,675,771$9,583,622
78$11,724,168$3,872,136$2,706,132$10,444,900
79$12,858,889$4,000,726$2,735,642$11,390,859
80$14,107,424$4,133,691$2,764,216$12,430,053
81$15,481,324$4,271,184$2,791,759$13,571,905
82$16,993,313$4,413,365$2,818,177$14,826,797
83$18,657,410$4,560,400$2,843,365$16,206,171
84$20,489,065$4,712,458$2,867,216$17,722,628
85$22,505,299$4,869,718$2,889,618$19,390,058
86$24,724,869$5,032,364$2,910,450$21,223,761
87$27,168,443$5,200,587$2,929,587$23,240,597
88$29,858,792$5,374,584$2,946,896$25,459,142
89$32,821,011$5,554,561$2,962,239$27,899,867
90$36,082,750$5,740,730$2,975,470$30,585,325
91$39,674,477$5,933,312$2,986,435$33,540,369
92$43,629,766$6,132,537$2,994,973$36,792,382
93$47,985,611$6,338,640$3,000,914$40,371,539
94$52,782,780$6,551,870$3,004,081$44,311,089
95$58,066,193$6,772,481$3,004,287$48,647,671
96$63,885,350$7,000,739$3,001,336$53,421,656
97$70,294,799$7,236,917$2,995,024$58,677,531
98$77,354,645$7,481,303$2,985,133$64,464,316
99$85,131,123$7,734,191$2,971,440$70,836,029
100$93,697,221$7,995,890$2,953,706$77,852,196