Can I retire at age 59 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$158,552$157,140$155,762$154,417$153,103$148,919
2 years$78,491$77,029$75,612$74,239$72,906$68,721
3 years$51,808$50,339$48,926$47,566$46,255$42,200
4 years$38,468$37,005$35,606$34,268$32,989$29,096
5 years$30,467$29,012$27,632$26,321$25,078$21,357
6 years$25,135$23,691$22,330$21,049$19,843$16,298
7 years$21,327$19,895$18,557$17,306$16,138$12,768
8 years$18,473$17,054$15,738$14,517$13,388$10,192
9 years$16,254$14,849$13,555$12,366$11,275$8,250
10 years$14,480$13,088$11,817$10,659$9,607$6,749
11 years$13,029$11,652$10,404$9,277$8,262$5,567
12 years$11,822$10,458$9,233$8,137$7,160$4,622
13 years$10,800$9,451$8,249$7,184$6,243$3,858
14 years$9,926$8,591$7,412$6,377$5,473$3,234
15 years$9,168$7,848$6,692$5,687$4,819$2,721
16 years$8,506$7,200$6,067$5,092$4,259$2,295
17 years$7,923$6,631$5,521$4,575$3,776$1,941
18 years$7,405$6,127$5,040$4,123$3,358$1,645
19 years$6,942$5,679$4,614$3,726$2,993$1,397
20 years$6,525$5,277$4,234$3,374$2,673$1,187
21 years$6,149$4,915$3,895$3,062$2,392$1,010
22 years$5,808$4,588$3,590$2,784$2,144$861
23 years$5,497$4,291$3,314$2,536$1,925$734
24 years$5,212$4,021$3,065$2,313$1,730$626
25 years$4,950$3,773$2,839$2,112$1,557$535
26 years$4,709$3,546$2,633$1,931$1,402$457
27 years$4,486$3,337$2,445$1,768$1,264$390
28 years$4,279$3,145$2,273$1,620$1,141$334
29 years$4,087$2,967$2,115$1,485$1,030$285
30 years$3,908$2,802$1,970$1,363$931$244
31 years$3,741$2,649$1,837$1,252$841$209
32 years$3,585$2,506$1,714$1,151$761$179
33 years$3,438$2,373$1,600$1,058$689$153
34 years$3,301$2,249$1,495$973$624$131
35 years$3,171$2,134$1,398$896$565$112
36 years$3,049$2,025$1,308$825$512$96
37 years$2,934$1,923$1,224$760$464$82
38 years$2,825$1,828$1,146$701$421$71
39 years$2,723$1,738$1,074$646$381$60
40 years$2,625$1,654$1,006$596$346$52
41 years$2,532$1,574$944$550$314$44
42 years$2,444$1,499$885$508$285$38
43 years$2,361$1,428$831$469$258$33
44 years$2,281$1,362$780$433$235$28
45 years$2,205$1,298$732$400$213$24
46 years$2,133$1,239$688$369$193$20
47 years$2,064$1,182$646$341$176$18
48 years$1,998$1,128$607$315$159$15
49 years$1,935$1,078$571$291$145$13
50 years$1,875$1,029$536$269$132$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,920,000, adding $4,183 every year, while hoping to spend $40,221 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: 68/7/25 Blend
58$1,920,000$1,920,000$1,920,000$1,920,000
59$2,120,155$2,018,395$1,988,635$2,250,433
60$2,293,616$2,074,501$2,012,459$2,394,517
61$2,483,422$2,132,009$2,035,734$2,547,096
62$2,691,197$2,190,944$2,058,397$2,713,091
63$2,918,732$2,251,333$2,080,386$2,893,828
64$3,167,995$2,313,201$2,101,632$3,090,769
65$3,441,158$2,376,574$2,122,063$3,305,522
66$3,740,608$2,441,479$2,141,605$3,539,861
67$4,068,979$2,507,940$2,160,178$3,795,740
68$4,429,169$2,575,984$2,177,698$4,075,311
69$4,824,370$2,645,633$2,194,077$4,380,945
70$5,258,100$2,716,913$2,209,223$4,715,257
71$5,734,233$2,789,848$2,223,038$5,081,126
72$6,257,034$2,864,461$2,235,419$5,481,725
73$6,831,206$2,940,773$2,246,260$5,920,549
74$7,461,926$3,018,808$2,255,446$6,401,453
75$8,154,898$3,098,585$2,262,859$6,928,681
76$8,916,407$3,180,125$2,268,374$7,506,911
77$9,753,375$3,263,446$2,271,860$8,141,301
78$10,673,430$3,348,566$2,273,178$8,837,529
79$11,684,975$3,435,501$2,272,185$9,601,859
80$12,797,268$3,524,265$2,268,728$10,441,189
81$14,020,508$3,614,873$2,262,649$11,363,122
82$15,365,932$3,707,335$2,253,781$12,376,037
83$16,845,924$3,801,660$2,241,948$13,489,169
84$18,474,123$3,897,856$2,226,968$14,712,693
85$20,265,560$3,995,928$2,208,649$16,057,823
86$22,236,798$4,095,879$2,186,789$17,536,918
87$24,406,082$4,197,708$2,161,177$19,163,598
88$26,793,519$4,301,412$2,131,593$20,952,872
89$29,421,262$4,406,985$2,097,806$22,921,280
90$32,313,721$4,514,418$2,059,573$25,087,053
91$35,497,793$4,623,697$2,016,641$27,470,278
92$39,003,114$4,734,805$1,968,745$30,093,095
93$42,862,342$4,847,720$1,915,607$32,979,903
94$47,111,459$4,962,416$1,856,939$36,157,590
95$51,790,117$5,078,864$1,792,435$39,655,788
96$56,942,006$5,197,026$1,721,779$43,507,152
97$62,615,271$5,316,860$1,644,639$47,747,673
98$68,862,962$5,438,320$1,560,668$52,417,010
99$75,743,538$5,561,351$1,469,504$57,558,873
100$83,321,413$5,685,892$1,370,766$63,221,430