Can I retire at age 59 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$151,945$150,592$149,272$147,983$146,724$143,352
2 years$75,221$73,820$72,462$71,146$69,869$66,490
3 years$49,649$48,242$46,888$45,584$44,328$41,048
4 years$36,866$35,463$34,122$32,840$31,615$28,459
5 years$29,198$27,803$26,480$25,225$24,033$21,010
6 years$24,087$22,704$21,400$20,172$19,017$16,130
7 years$20,438$19,066$17,783$16,585$15,466$12,716
8 years$17,703$16,343$15,082$13,913$12,830$10,216
9 years$15,577$14,230$12,990$11,850$10,805$8,324
10 years$13,877$12,543$11,325$10,215$9,206$6,856
11 years$12,487$11,166$9,970$8,890$7,918$5,695
12 years$11,329$10,022$8,848$7,798$6,861$4,763
13 years$10,350$9,057$7,905$6,884$5,983$4,005
14 years$9,512$8,233$7,103$6,111$5,245$3,383
15 years$8,786$7,521$6,413$5,450$4,618$2,868
16 years$8,152$6,900$5,814$4,880$4,081$2,439
17 years$7,593$6,355$5,291$4,385$3,619$2,079
18 years$7,096$5,872$4,830$3,951$3,218$1,776
19 years$6,652$5,442$4,422$3,570$2,868$1,520
20 years$6,254$5,057$4,058$3,234$2,562$1,303
21 years$5,893$4,711$3,732$2,935$2,292$1,118
22 years$5,566$4,397$3,440$2,668$2,055$961
23 years$5,268$4,113$3,176$2,430$1,845$827
24 years$4,995$3,853$2,938$2,216$1,658$711
25 years$4,744$3,616$2,721$2,024$1,492$613
26 years$4,513$3,398$2,523$1,851$1,344$528
27 years$4,299$3,198$2,343$1,694$1,212$455
28 years$4,101$3,014$2,178$1,552$1,093$393
29 years$3,917$2,843$2,027$1,423$987$339
30 years$3,745$2,685$1,888$1,306$892$293
31 years$3,585$2,538$1,760$1,200$806$253
32 years$3,436$2,402$1,642$1,103$729$218
33 years$3,295$2,274$1,533$1,014$660$189
34 years$3,163$2,156$1,433$933$598$163
35 years$3,039$2,045$1,340$859$541$141
36 years$2,922$1,941$1,253$791$491$122
37 years$2,812$1,843$1,173$729$445$105
38 years$2,708$1,752$1,098$672$403$91
39 years$2,609$1,666$1,029$619$365$79
40 years$2,516$1,585$965$571$332$68
41 years$2,427$1,509$904$527$301$59
42 years$2,343$1,437$848$486$273$51
43 years$2,262$1,369$796$449$248$44
44 years$2,186$1,305$747$415$225$38
45 years$2,114$1,244$702$383$204$33
46 years$2,044$1,187$659$354$185$28
47 years$1,978$1,133$619$327$168$25
48 years$1,915$1,081$582$302$153$21
49 years$1,854$1,033$547$279$139$18
50 years$1,796$986$514$258$126$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,840,000, adding $4,453 every year, while hoping to spend $25,448 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: 72/13/15 Blend
58$1,840,000$1,840,000$1,840,000$1,840,000
59$2,032,273$1,934,753$1,906,233$2,171,453
60$2,212,489$2,002,480$1,943,016$2,332,068
61$2,410,233$2,072,672$1,980,177$2,504,372
62$2,627,268$2,145,424$2,017,704$2,692,389
63$2,865,532$2,220,833$2,055,580$2,897,670
64$3,127,164$2,299,001$2,093,790$3,121,922
65$3,414,516$2,380,034$2,132,313$3,367,023
66$3,730,183$2,464,041$2,171,132$3,635,044
67$4,077,020$2,551,137$2,210,223$3,928,263
68$4,458,175$2,641,442$2,249,564$4,249,190
69$4,877,114$2,735,078$2,289,130$4,600,589
70$5,337,658$2,832,175$2,328,894$4,985,504
71$5,844,014$2,932,866$2,368,827$5,407,288
72$6,400,819$3,037,292$2,408,898$5,869,633
73$7,013,180$3,145,597$2,449,074$6,376,608
74$7,686,726$3,257,933$2,489,319$6,932,693
75$8,427,657$3,374,457$2,529,596$7,542,823
76$9,242,804$3,495,332$2,569,864$8,212,435
77$10,139,696$3,620,729$2,610,081$8,947,519
78$11,126,626$3,750,825$2,650,199$9,754,671
79$12,212,732$3,885,806$2,690,171$10,641,162
80$13,408,083$4,025,863$2,729,944$11,614,997
81$14,723,774$4,171,197$2,769,464$12,684,999
82$16,172,030$4,322,016$2,808,672$13,860,887
83$17,766,320$4,478,538$2,847,506$15,153,370
84$19,521,488$4,640,989$2,885,900$16,574,243
85$21,453,887$4,809,605$2,923,785$18,136,505
86$23,581,538$4,984,631$2,961,087$19,854,477
87$25,924,300$5,166,323$2,997,729$21,743,938
88$28,504,054$5,354,948$3,033,627$23,822,273
89$31,344,909$5,550,782$3,068,696$26,108,636
90$34,473,435$5,754,116$3,102,843$28,624,134
91$37,918,909$5,965,251$3,135,971$31,392,022
92$41,713,590$6,184,500$3,167,978$34,437,924
93$45,893,027$6,412,192$3,198,756$37,790,073
94$50,496,393$6,648,667$3,228,192$41,479,581
95$55,566,855$6,894,281$3,256,166$45,540,727
96$61,151,978$7,149,405$3,282,552$50,011,283
97$67,304,179$7,414,425$3,307,216$54,932,870
98$74,081,217$7,689,743$3,330,020$60,351,352
99$81,546,742$7,975,781$3,350,816$66,317,264
100$89,770,891$8,272,976$3,369,450$72,886,293