Can I retire at age 59 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$153,597$152,229$150,894$149,591$148,319$147,446
2 years$76,038$74,622$73,250$71,919$70,628$69,747
3 years$50,189$48,766$47,397$46,079$44,809$43,948
4 years$37,266$35,848$34,493$33,197$31,958$31,123
5 years$29,515$28,106$26,768$25,499$24,294$23,488
6 years$24,349$22,950$21,633$20,392$19,223$18,446
7 years$20,661$19,274$17,977$16,765$15,634$14,887
8 years$17,896$16,521$15,246$14,064$12,970$12,253
9 years$15,746$14,385$13,131$11,979$10,922$10,236
10 years$14,027$12,679$11,448$10,326$9,306$8,649
11 years$12,622$11,288$10,079$8,987$8,004$7,376
12 years$11,452$10,131$8,945$7,883$6,936$6,336
13 years$10,463$9,156$7,991$6,959$6,048$5,477
14 years$9,615$8,322$7,180$6,178$5,302$4,758
15 years$8,882$7,602$6,483$5,509$4,668$4,150
16 years$8,241$6,975$5,878$4,933$4,126$3,634
17 years$7,675$6,424$5,348$4,432$3,658$3,191
18 years$7,173$5,936$4,882$3,994$3,253$2,810
19 years$6,725$5,501$4,470$3,609$2,899$2,480
20 years$6,322$5,112$4,102$3,269$2,590$2,193
21 years$5,957$4,762$3,773$2,967$2,317$1,943
22 years$5,626$4,445$3,477$2,697$2,077$1,724
23 years$5,325$4,157$3,211$2,457$1,865$1,531
24 years$5,049$3,895$2,969$2,241$1,676$1,362
25 years$4,795$3,655$2,750$2,046$1,508$1,212
26 years$4,562$3,435$2,551$1,871$1,358$1,080
27 years$4,346$3,233$2,369$1,713$1,225$963
28 years$4,146$3,047$2,202$1,569$1,105$860
29 years$3,959$2,874$2,049$1,439$998$768
30 years$3,786$2,714$1,909$1,321$902$686
31 years$3,624$2,566$1,779$1,213$815$613
32 years$3,473$2,428$1,660$1,115$737$548
33 years$3,331$2,299$1,550$1,025$667$491
34 years$3,198$2,179$1,448$943$604$439
35 years$3,072$2,067$1,354$868$547$393
36 years$2,954$1,962$1,267$800$496$352
37 years$2,843$1,863$1,186$737$449$315
38 years$2,737$1,771$1,110$679$407$283
39 years$2,637$1,684$1,040$626$369$253
40 years$2,543$1,602$975$577$335$227
41 years$2,453$1,525$914$533$304$203
42 years$2,368$1,452$858$492$276$182
43 years$2,287$1,384$805$454$250$164
44 years$2,210$1,319$755$419$227$147
45 years$2,136$1,258$709$387$206$132
46 years$2,066$1,200$666$358$187$118
47 years$2,000$1,145$626$330$170$106
48 years$1,936$1,093$588$305$154$95
49 years$1,874$1,044$553$282$140$85
50 years$1,816$997$520$261$127$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,860,000, adding $5,329 every year, while hoping to spend $43,928 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: 47/41/12 Blend
58$1,860,000$1,860,000$1,860,000$1,860,000
59$2,055,217$1,956,637$1,927,807$2,144,700
60$2,218,110$2,005,773$1,945,649$2,256,178
61$2,396,146$2,055,845$1,962,617$2,372,135
62$2,590,823$2,106,851$1,978,635$2,497,000
63$2,803,790$2,158,790$1,993,623$2,631,614
64$3,036,864$2,211,659$2,007,497$2,776,908
65$3,292,046$2,265,451$2,020,169$2,933,904
66$3,571,536$2,320,160$2,031,546$3,103,727
67$3,877,761$2,375,776$2,041,531$3,287,620
68$4,213,391$2,432,288$2,050,022$3,486,946
69$4,581,370$2,489,682$2,056,910$3,703,212
70$4,984,935$2,547,942$2,062,082$3,938,073
71$5,427,657$2,607,050$2,065,420$4,193,357
72$5,913,465$2,666,982$2,066,799$4,471,073
73$6,446,690$2,727,716$2,066,088$4,773,438
74$7,032,100$2,789,222$2,063,150$5,102,893
75$7,674,949$2,851,469$2,057,840$5,462,127
76$8,381,025$2,914,421$2,050,009$5,854,105
77$9,156,702$2,978,041$2,039,496$6,282,091
78$10,009,003$3,042,283$2,026,137$6,749,685
79$10,945,667$3,107,099$2,009,758$7,260,852
80$11,975,216$3,172,438$1,990,176$7,819,961
81$13,107,041$3,238,241$1,967,200$8,431,827
82$14,351,489$3,304,445$1,940,631$9,101,758
83$15,719,958$3,370,979$1,910,259$9,835,602
84$17,225,005$3,437,769$1,875,865$10,639,803
85$18,880,469$3,504,733$1,837,219$11,521,465
86$20,701,593$3,571,781$1,794,082$12,488,415
87$22,705,174$3,638,817$1,746,202$13,549,280
88$24,909,719$3,705,736$1,693,317$14,713,570
89$27,335,619$3,772,426$1,635,152$15,991,762
90$30,005,341$3,838,764$1,571,419$17,395,406
91$32,943,642$3,904,620$1,501,818$18,937,231
92$36,177,800$3,969,852$1,426,035$20,631,265
93$39,737,869$4,034,308$1,343,741$22,492,969
94$43,656,968$4,097,826$1,254,593$24,539,385
95$47,971,589$4,160,230$1,158,232$26,789,293
96$52,721,943$4,221,333$1,054,284$29,263,393
97$57,952,336$4,280,933$942,357$31,984,499
98$63,711,590$4,338,815$822,043$34,977,755
99$70,053,505$4,394,749$692,913$38,270,873
100$77,037,359$4,448,489$554,523$41,894,396