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%19.1%
1 years$164,332$162,869$161,440$160,046$158,685$152,873
2 years$81,353$79,838$78,369$76,945$75,564$69,773
3 years$53,696$52,175$50,710$49,300$47,941$42,353
4 years$39,871$38,354$36,904$35,518$34,192$28,850
5 years$31,578$30,070$28,639$27,281$25,992$20,910
6 years$26,051$24,554$23,145$21,817$20,567$15,748
7 years$22,105$20,621$19,233$17,937$16,726$12,170
8 years$19,146$17,676$16,311$15,047$13,876$9,578
9 years$16,847$15,390$14,049$12,816$11,686$7,640
10 years$15,008$13,565$12,248$11,048$9,957$6,157
11 years$13,504$12,077$10,783$9,615$8,563$5,000
12 years$12,253$10,839$9,570$8,434$7,421$4,086
13 years$11,194$9,796$8,550$7,446$6,471$3,355
14 years$10,288$8,904$7,682$6,609$5,672$2,766
15 years$9,503$8,134$6,936$5,894$4,994$2,288
16 years$8,816$7,463$6,288$5,278$4,414$1,897
17 years$8,212$6,873$5,722$4,742$3,914$1,577
18 years$7,675$6,351$5,224$4,274$3,480$1,312
19 years$7,195$5,886$4,782$3,862$3,102$1,094
20 years$6,763$5,469$4,389$3,497$2,771$913
21 years$6,374$5,095$4,037$3,174$2,479$763
22 years$6,020$4,756$3,720$2,886$2,222$638
23 years$5,697$4,448$3,435$2,628$1,995$534
24 years$5,402$4,167$3,177$2,397$1,793$447
25 years$5,131$3,911$2,943$2,189$1,614$374
26 years$4,881$3,676$2,729$2,002$1,453$314
27 years$4,649$3,459$2,534$1,832$1,310$263
28 years$4,435$3,259$2,356$1,679$1,182$220
29 years$4,236$3,075$2,192$1,539$1,068$185
30 years$4,051$2,904$2,042$1,413$965$155
31 years$3,878$2,745$1,904$1,298$872$130
32 years$3,716$2,598$1,776$1,192$789$109
33 years$3,564$2,460$1,658$1,097$714$92
34 years$3,421$2,331$1,550$1,009$646$77
35 years$3,287$2,211$1,449$929$586$64
36 years$3,161$2,099$1,355$855$530$54
37 years$3,041$1,993$1,269$788$481$45
38 years$2,928$1,894$1,188$726$436$38
39 years$2,822$1,801$1,113$670$395$32
40 years$2,721$1,714$1,043$618$359$27
41 years$2,625$1,632$978$570$325$23
42 years$2,534$1,554$918$526$295$19
43 years$2,447$1,480$861$486$268$16
44 years$2,364$1,411$808$448$243$13
45 years$2,286$1,346$759$414$221$11
46 years$2,211$1,284$713$382$200$9
47 years$2,139$1,225$670$353$182$8
48 years$2,071$1,170$629$327$165$7
49 years$2,006$1,117$591$302$150$6
50 years$1,943$1,067$556$279$136$5

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 $5,929 every year, while hoping to spend $35,342 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: 63/11/26 Blend
58$1,990,000$1,990,000$1,990,000$1,990,000
59$2,199,096$2,093,626$2,062,781$2,322,138
60$2,385,800$2,158,610$2,094,280$2,471,148
61$2,590,363$2,225,594$2,125,651$2,629,420
62$2,814,570$2,294,638$2,156,850$2,801,524
63$3,060,386$2,365,805$2,187,834$2,988,821
64$3,329,976$2,439,159$2,218,556$3,192,807
65$3,625,722$2,514,766$2,248,967$3,415,133
66$3,950,251$2,592,695$2,279,013$3,657,615
67$4,306,455$2,673,016$2,308,638$3,922,254
68$4,697,521$2,755,801$2,337,785$4,211,255
69$5,126,957$2,841,124$2,366,390$4,527,046
70$5,598,630$2,929,063$2,394,387$4,872,303
71$6,116,798$3,019,695$2,421,706$5,249,972
72$6,686,153$3,113,101$2,448,275$5,663,301
73$7,311,864$3,209,366$2,474,016$6,115,866
74$7,999,624$3,308,576$2,498,846$6,611,609
75$8,755,708$3,410,818$2,522,679$7,154,873
76$9,587,026$3,516,184$2,545,424$7,750,442
77$10,501,192$3,624,767$2,566,986$8,403,587
78$11,506,597$3,736,664$2,587,264$9,120,117
79$12,612,484$3,851,974$2,606,150$9,906,432
80$13,829,035$3,970,798$2,623,534$10,769,585
81$15,167,472$4,093,243$2,639,298$11,717,346
82$16,640,157$4,219,415$2,653,318$12,758,277
83$18,260,713$4,349,426$2,665,464$13,901,813
84$20,044,149$4,483,391$2,675,600$15,158,352
85$22,007,001$4,621,426$2,683,582$16,539,350
86$24,167,492$4,763,653$2,689,259$18,057,432
87$26,545,701$4,910,197$2,692,473$19,726,508
88$29,163,750$5,061,184$2,693,059$21,561,909
89$32,046,017$5,216,747$2,690,841$23,580,527
90$35,219,364$5,377,020$2,685,637$25,800,979
91$38,713,389$5,542,144$2,677,256$28,243,778
92$42,560,706$5,712,261$2,665,495$30,931,528
93$46,797,254$5,887,518$2,650,145$33,889,143
94$51,462,634$6,068,066$2,630,985$37,144,073
95$56,600,482$6,254,060$2,607,783$40,726,569
96$62,258,884$6,445,662$2,580,296$44,669,968
97$68,490,825$6,643,034$2,548,270$49,011,008
98$75,354,692$6,846,346$2,511,440$53,790,173
99$82,914,824$7,055,770$2,469,528$59,052,075
100$91,242,120$7,271,487$2,422,240$64,845,879