Can I retire at age 59 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$164,332$162,869$161,440$160,046$158,685$153,852
2 years$81,353$79,838$78,369$76,945$75,564$70,737
3 years$53,696$52,175$50,710$49,300$47,941$43,270
4 years$39,871$38,354$36,904$35,518$34,192$29,713
5 years$31,578$30,070$28,639$27,281$25,992$21,718
6 years$26,051$24,554$23,145$21,817$20,567$16,501
7 years$22,105$20,621$19,233$17,937$16,726$12,869
8 years$19,146$17,676$16,311$15,047$13,876$10,224
9 years$16,847$15,390$14,049$12,816$11,686$8,236
10 years$15,008$13,565$12,248$11,048$9,957$6,704
11 years$13,504$12,077$10,783$9,615$8,563$5,501
12 years$12,253$10,839$9,570$8,434$7,421$4,544
13 years$11,194$9,796$8,550$7,446$6,471$3,772
14 years$10,288$8,904$7,682$6,609$5,672$3,145
15 years$9,503$8,134$6,936$5,894$4,994$2,631
16 years$8,816$7,463$6,288$5,278$4,414$2,207
17 years$8,212$6,873$5,722$4,742$3,914$1,855
18 years$7,675$6,351$5,224$4,274$3,480$1,563
19 years$7,195$5,886$4,782$3,862$3,102$1,319
20 years$6,763$5,469$4,389$3,497$2,771$1,114
21 years$6,374$5,095$4,037$3,174$2,479$943
22 years$6,020$4,756$3,720$2,886$2,222$798
23 years$5,697$4,448$3,435$2,628$1,995$676
24 years$5,402$4,167$3,177$2,397$1,793$573
25 years$5,131$3,911$2,943$2,189$1,614$486
26 years$4,881$3,676$2,729$2,002$1,453$413
27 years$4,649$3,459$2,534$1,832$1,310$351
28 years$4,435$3,259$2,356$1,679$1,182$298
29 years$4,236$3,075$2,192$1,539$1,068$253
30 years$4,051$2,904$2,042$1,413$965$215
31 years$3,878$2,745$1,904$1,298$872$183
32 years$3,716$2,598$1,776$1,192$789$155
33 years$3,564$2,460$1,658$1,097$714$132
34 years$3,421$2,331$1,550$1,009$646$112
35 years$3,287$2,211$1,449$929$586$96
36 years$3,161$2,099$1,355$855$530$81
37 years$3,041$1,993$1,269$788$481$69
38 years$2,928$1,894$1,188$726$436$59
39 years$2,822$1,801$1,113$670$395$50
40 years$2,721$1,714$1,043$618$359$43
41 years$2,625$1,632$978$570$325$36
42 years$2,534$1,554$918$526$295$31
43 years$2,447$1,480$861$486$268$26
44 years$2,364$1,411$808$448$243$22
45 years$2,286$1,346$759$414$221$19
46 years$2,211$1,284$713$382$200$16
47 years$2,139$1,225$670$353$182$14
48 years$2,071$1,170$629$327$165$12
49 years$2,006$1,117$591$302$150$10
50 years$1,943$1,067$556$279$136$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,990,000, adding $5,558 every year, while hoping to spend $27,582 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: 26/50/24 Blend
58$1,990,000$1,990,000$1,990,000$1,990,000
59$2,198,713$2,093,243$2,062,398$2,239,100
60$2,393,635$2,166,465$2,102,141$2,345,283
61$2,607,514$2,242,350$2,142,292$2,456,379
62$2,842,255$2,321,000$2,182,833$2,575,002
63$3,099,957$2,402,521$2,223,750$2,701,803
64$3,382,929$2,487,021$2,265,022$2,837,498
65$3,693,718$2,574,616$2,306,631$2,982,871
66$4,035,129$2,665,422$2,348,554$3,138,782
67$4,410,249$2,759,565$2,390,767$3,306,176
68$4,822,483$2,857,173$2,433,247$3,486,089
69$5,275,580$2,958,378$2,475,965$3,679,658
70$5,773,671$3,063,321$2,518,891$3,888,133
71$6,321,307$3,172,145$2,561,996$4,112,886
72$6,923,502$3,285,001$2,605,243$4,355,424
73$7,585,779$3,402,046$2,648,599$4,617,403
74$8,314,224$3,523,442$2,692,023$4,900,642
75$9,115,544$3,649,360$2,735,475$5,207,142
76$9,997,127$3,779,976$2,778,911$5,539,102
77$10,967,113$3,915,474$2,822,283$5,898,939
78$12,034,471$4,056,045$2,865,542$6,289,310
79$13,209,084$4,201,888$2,908,635$6,713,139
80$14,501,841$4,353,211$2,951,505$7,173,641
81$15,924,741$4,510,230$2,994,092$7,674,352
82$17,491,003$4,673,170$3,036,333$8,219,161
83$19,215,195$4,842,265$3,078,160$8,812,350
84$21,113,368$5,017,759$3,119,501$9,458,627
85$23,203,209$5,199,907$3,160,282$10,163,174
86$25,504,206$5,388,972$3,200,421$10,931,695
87$28,037,835$5,585,231$3,239,835$11,770,467
88$30,827,758$5,788,971$3,278,433$12,686,397
89$33,900,049$6,000,491$3,316,121$13,687,091
90$37,283,443$6,220,104$3,352,799$14,780,920
91$41,009,598$6,448,133$3,388,362$15,977,099
92$45,113,404$6,684,918$3,422,699$17,285,774
93$49,633,304$6,930,812$3,455,692$18,718,118
94$54,611,661$7,186,182$3,487,218$20,286,430
95$60,095,157$7,451,411$3,517,146$22,004,254
96$66,135,232$7,726,899$3,545,340$23,886,505
97$72,788,572$8,013,063$3,571,655$25,949,607
98$80,117,640$8,310,337$3,595,939$28,211,647
99$88,191,268$8,619,173$3,618,032$30,692,545
100$97,085,309$8,940,044$3,637,767$33,414,240