Can I retire at age 59 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$161,029$159,595$158,195$156,829$155,496$151,737
2 years$79,717$78,233$76,794$75,399$74,046$70,281
3 years$52,617$51,126$49,691$48,309$46,978$43,325
4 years$39,070$37,583$36,162$34,804$33,505$29,993
5 years$30,943$29,466$28,063$26,733$25,470$22,108
6 years$25,527$24,061$22,679$21,378$20,153$16,945
7 years$21,660$20,206$18,847$17,576$16,390$13,335
8 years$18,761$17,320$15,983$14,744$13,597$10,695
9 years$16,508$15,081$13,767$12,559$11,451$8,699
10 years$14,706$13,293$12,002$10,826$9,757$7,152
11 years$13,233$11,834$10,566$9,422$8,391$5,929
12 years$12,006$10,621$9,377$8,264$7,271$4,949
13 years$10,969$9,599$8,378$7,296$6,341$4,153
14 years$10,081$8,725$7,528$6,477$5,558$3,501
15 years$9,312$7,970$6,797$5,776$4,894$2,962
16 years$8,639$7,313$6,162$5,172$4,325$2,513
17 years$8,047$6,735$5,607$4,647$3,835$2,138
18 years$7,520$6,223$5,119$4,188$3,410$1,822
19 years$7,050$5,768$4,686$3,784$3,039$1,556
20 years$6,627$5,359$4,300$3,427$2,715$1,331
21 years$6,245$4,992$3,956$3,110$2,430$1,140
22 years$5,899$4,660$3,646$2,828$2,178$977
23 years$5,583$4,358$3,366$2,575$1,955$838
24 years$5,293$4,084$3,113$2,349$1,757$720
25 years$5,027$3,832$2,883$2,145$1,581$619
26 years$4,782$3,602$2,674$1,961$1,424$532
27 years$4,556$3,390$2,483$1,795$1,284$458
28 years$4,346$3,194$2,308$1,645$1,159$394
29 years$4,151$3,013$2,148$1,508$1,046$339
30 years$3,969$2,846$2,001$1,384$945$292
31 years$3,800$2,690$1,865$1,271$855$251
32 years$3,641$2,545$1,741$1,169$773$217
33 years$3,492$2,410$1,625$1,075$700$187
34 years$3,352$2,285$1,518$989$633$161
35 years$3,221$2,167$1,420$910$574$139
36 years$3,097$2,057$1,328$838$520$120
37 years$2,980$1,953$1,243$772$471$103
38 years$2,870$1,856$1,164$712$427$89
39 years$2,765$1,765$1,091$656$387$77
40 years$2,666$1,679$1,022$605$351$66
41 years$2,572$1,599$958$559$319$57
42 years$2,483$1,523$899$515$289$49
43 years$2,398$1,451$844$476$262$42
44 years$2,317$1,383$792$439$238$37
45 years$2,240$1,319$744$406$216$32
46 years$2,166$1,258$698$375$196$27
47 years$2,096$1,200$656$346$178$23
48 years$2,029$1,146$617$320$162$20
49 years$1,965$1,094$580$296$147$17
50 years$1,904$1,045$545$273$134$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,950,000, adding $3,959 every year, while hoping to spend $49,916 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: 51/29/20 Blend
58$1,950,000$1,950,000$1,950,000$1,950,000
59$2,152,984$2,049,634$2,019,409$2,250,653
60$2,319,478$2,096,956$2,033,949$2,365,798
61$2,501,281$2,144,923$2,047,303$2,485,450
62$2,699,903$2,193,515$2,059,378$2,614,484
63$2,917,004$2,242,709$2,070,079$2,753,806
64$3,154,414$2,292,477$2,079,301$2,904,414
65$3,414,145$2,342,789$2,086,939$3,067,411
66$3,698,415$2,393,613$2,092,879$3,244,008
67$4,009,666$2,444,912$2,097,003$3,435,542
68$4,350,586$2,496,647$2,099,186$3,643,487
69$4,724,135$2,548,772$2,099,298$3,869,466
70$5,133,575$2,601,240$2,097,203$4,115,268
71$5,582,496$2,653,997$2,092,756$4,382,868
72$6,074,854$2,706,987$2,085,807$4,674,438
73$6,615,006$2,760,145$2,076,197$4,992,376
74$7,207,749$2,813,405$2,063,763$5,339,324
75$7,858,369$2,866,692$2,048,329$5,718,194
76$8,572,689$2,919,926$2,029,714$6,132,197
77$9,357,121$2,973,020$2,007,727$6,584,871
78$10,218,731$3,025,882$1,982,170$7,080,118
79$11,165,301$3,078,410$1,952,832$7,622,239
80$12,205,406$3,130,496$1,919,496$8,215,973
81$13,348,491$3,182,024$1,881,933$8,866,547
82$14,604,962$3,232,868$1,839,902$9,579,722
83$15,986,282$3,282,893$1,793,153$10,361,849
84$17,505,084$3,331,955$1,741,424$11,219,927
85$19,175,281$3,379,900$1,684,441$12,161,675
86$21,012,206$3,426,561$1,621,916$13,195,599
87$23,032,750$3,471,762$1,553,549$14,331,078
88$25,255,525$3,515,312$1,479,027$15,578,449
89$27,701,036$3,557,010$1,398,022$16,949,106
90$30,391,876$3,596,638$1,310,191$18,455,613
91$33,352,940$3,633,966$1,215,175$20,111,815
92$36,611,658$3,668,748$1,112,601$21,932,978
93$40,198,251$3,700,720$1,002,077$23,935,925
94$44,146,020$3,729,604$883,195$26,139,204
95$48,491,661$3,755,101$755,528$28,563,258
96$53,275,603$3,776,893$618,631$31,230,624
97$58,542,397$3,794,644$472,038$34,166,139
98$64,341,134$3,807,994$315,264$37,397,186
99$70,725,906$3,816,562$147,801$40,953,944
100$77,756,317$3,819,942$0$44,869,679