Can I retire at age 59 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$151,120$149,774$148,460$147,178$145,927$140,526
2 years$74,812$73,418$72,068$70,759$69,489$64,108
3 years$49,379$47,980$46,633$45,336$44,087$38,896
4 years$36,665$35,270$33,937$32,662$31,443$26,482
5 years$29,039$27,652$26,336$25,088$23,902$19,183
6 years$23,956$22,580$21,284$20,063$18,913$14,440
7 years$20,327$18,963$17,687$16,495$15,381$11,152
8 years$17,607$16,255$15,000$13,837$12,760$8,772
9 years$15,492$14,153$12,919$11,786$10,746$6,993
10 years$13,801$12,475$11,263$10,160$9,156$5,631
11 years$12,419$11,106$9,916$8,842$7,875$4,571
12 years$11,267$9,968$8,800$7,756$6,824$3,733
13 years$10,294$9,008$7,862$6,847$5,951$3,063
14 years$9,460$8,188$7,064$6,078$5,216$2,524
15 years$8,739$7,480$6,378$5,421$4,593$2,086
16 years$8,108$6,863$5,783$4,853$4,059$1,728
17 years$7,551$6,320$5,262$4,361$3,599$1,435
18 years$7,058$5,840$4,804$3,930$3,200$1,194
19 years$6,616$5,413$4,398$3,551$2,852$994
20 years$6,220$5,030$4,036$3,216$2,548$829
21 years$5,861$4,685$3,712$2,919$2,280$692
22 years$5,536$4,373$3,421$2,654$2,044$578
23 years$5,239$4,090$3,159$2,417$1,835$484
24 years$4,967$3,832$2,922$2,204$1,649$404
25 years$4,718$3,596$2,706$2,013$1,484$339
26 years$4,488$3,380$2,510$1,841$1,337$283
27 years$4,276$3,181$2,330$1,685$1,205$237
28 years$4,079$2,997$2,166$1,544$1,087$199
29 years$3,896$2,828$2,016$1,416$982$167
30 years$3,725$2,670$1,878$1,299$887$140
31 years$3,566$2,524$1,751$1,193$802$117
32 years$3,417$2,389$1,633$1,097$726$98
33 years$3,277$2,262$1,525$1,008$657$82
34 years$3,146$2,144$1,425$928$594$69
35 years$3,023$2,034$1,332$854$538$58
36 years$2,906$1,930$1,246$787$488$49
37 years$2,797$1,833$1,167$725$442$41
38 years$2,693$1,742$1,092$668$401$34
39 years$2,595$1,657$1,023$616$364$29
40 years$2,502$1,576$959$568$330$24
41 years$2,414$1,500$899$524$299$20
42 years$2,330$1,429$844$484$271$17
43 years$2,250$1,361$792$447$246$14
44 years$2,174$1,298$743$412$224$12
45 years$2,102$1,237$698$381$203$10
46 years$2,033$1,181$655$352$184$8
47 years$1,967$1,127$616$325$167$7
48 years$1,904$1,075$579$300$152$6
49 years$1,844$1,027$544$278$138$5
50 years$1,787$981$511$257$125$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,830,000, adding $3,376 every year, while hoping to spend $34,127 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: 50/26/24 Blend
58$1,830,000$1,830,000$1,830,000$1,830,000
59$2,020,142$1,923,152$1,894,787$2,107,352
60$2,189,886$1,981,076$1,921,952$2,226,273
61$2,375,800$2,040,694$1,948,883$2,351,734
62$2,579,497$2,102,054$1,975,536$2,487,402
63$2,802,754$2,165,203$2,001,865$2,634,258
64$3,047,528$2,230,191$2,027,820$2,793,381
65$3,315,974$2,297,069$2,053,351$2,965,961
66$3,610,466$2,365,888$2,078,401$3,153,305
67$3,933,619$2,436,701$2,102,912$3,356,855
68$4,288,312$2,509,563$2,126,823$3,578,196
69$4,677,718$2,584,530$2,150,070$3,819,076
70$5,105,331$2,661,658$2,172,583$4,081,420
71$5,575,001$2,741,005$2,194,291$4,367,345
72$6,090,968$2,822,632$2,215,117$4,679,187
73$6,657,905$2,906,599$2,234,981$5,019,517
74$7,280,957$2,992,968$2,253,799$5,391,166
75$7,965,795$3,081,804$2,271,482$5,797,253
76$8,718,666$3,173,171$2,287,936$6,241,216
77$9,546,450$3,267,137$2,303,062$6,726,840
78$10,456,730$3,363,769$2,316,757$7,258,296
79$11,457,860$3,463,138$2,328,912$7,840,179
80$12,559,044$3,565,313$2,339,412$8,477,551
81$13,770,421$3,670,368$2,348,138$9,175,990
82$15,103,165$3,778,378$2,354,961$9,941,640
83$16,569,587$3,889,416$2,359,751$10,781,273
84$18,183,248$4,003,562$2,362,366$11,702,349
85$19,959,096$4,120,892$2,362,662$12,713,088
86$21,913,596$4,241,489$2,360,484$13,822,547
87$24,064,894$4,365,433$2,355,671$15,040,707
88$26,432,981$4,492,807$2,348,054$16,378,564
89$29,039,888$4,623,697$2,337,456$17,848,235
90$31,909,888$4,758,189$2,323,692$19,463,074
91$35,069,727$4,896,371$2,306,567$21,237,794
92$38,548,879$5,038,333$2,285,876$23,188,607
93$42,379,818$5,184,165$2,261,406$25,333,381
94$46,598,330$5,333,959$2,232,934$27,691,802
95$51,243,847$5,487,811$2,200,225$30,285,566
96$56,359,820$5,645,814$2,163,033$33,138,579
97$61,994,128$5,808,066$2,121,102$36,277,186
98$68,199,534$5,974,666$2,074,162$39,730,418
99$75,034,173$6,145,711$2,021,934$43,530,268
100$82,562,112$6,321,304$1,964,122$47,711,989