Can I retire at age 59 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$165,158$163,687$162,252$160,851$159,483$158,081
2 years$81,761$80,239$78,763$77,332$75,944$74,531
3 years$53,966$52,437$50,965$49,547$48,182$46,802
4 years$40,071$38,547$37,089$35,696$34,364$33,027
5 years$31,737$30,221$28,783$27,418$26,123$24,834
6 years$26,182$24,678$23,261$21,926$20,670$19,430
7 years$22,216$20,724$19,330$18,027$16,810$15,620
8 years$19,243$17,765$16,393$15,122$13,946$12,806
9 years$16,931$15,467$14,120$12,881$11,744$10,654
10 years$15,083$13,634$12,310$11,103$10,007$8,965
11 years$13,572$12,137$10,837$9,663$8,606$7,612
12 years$12,314$10,894$9,618$8,476$7,458$6,511
13 years$11,250$9,845$8,593$7,483$6,503$5,602
14 years$10,339$8,949$7,721$6,643$5,701$4,844
15 years$9,550$8,175$6,971$5,924$5,020$4,206
16 years$8,861$7,500$6,320$5,304$4,436$3,665
17 years$8,253$6,907$5,751$4,766$3,934$3,203
18 years$7,713$6,383$5,250$4,295$3,497$2,807
19 years$7,231$5,915$4,806$3,881$3,117$2,465
20 years$6,797$5,497$4,411$3,515$2,785$2,169
21 years$6,406$5,120$4,057$3,190$2,492$1,911
22 years$6,050$4,779$3,739$2,900$2,234$1,687
23 years$5,726$4,470$3,452$2,642$2,005$1,490
24 years$5,429$4,188$3,193$2,409$1,802$1,318
25 years$5,156$3,930$2,957$2,200$1,622$1,167
26 years$4,905$3,694$2,743$2,012$1,461$1,035
27 years$4,673$3,476$2,547$1,841$1,317$918
28 years$4,458$3,276$2,368$1,687$1,188$814
29 years$4,258$3,090$2,203$1,547$1,073$723
30 years$4,071$2,919$2,052$1,420$970$642
31 years$3,897$2,759$1,913$1,304$877$571
32 years$3,734$2,611$1,785$1,198$793$508
33 years$3,582$2,472$1,667$1,102$718$452
34 years$3,438$2,343$1,557$1,014$650$402
35 years$3,304$2,222$1,456$933$588$358
36 years$3,176$2,109$1,362$860$533$318
37 years$3,057$2,003$1,275$792$483$284
38 years$2,943$1,904$1,194$730$438$253
39 years$2,836$1,811$1,119$673$397$225
40 years$2,734$1,723$1,048$621$360$200
41 years$2,638$1,640$983$573$327$179
42 years$2,546$1,562$922$529$297$159
43 years$2,459$1,488$865$488$269$142
44 years$2,376$1,418$812$451$244$126
45 years$2,297$1,352$763$416$222$113
46 years$2,222$1,290$716$384$201$100
47 years$2,150$1,231$673$355$183$90
48 years$2,081$1,175$632$328$166$80
49 years$2,016$1,122$594$303$151$71
50 years$1,953$1,072$559$280$137$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,000,000, adding $6,343 every year, while hoping to spend $56,334 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: 60/32/8 Blend
58$2,000,000$2,000,000$2,000,000$2,000,000
59$2,210,543$2,104,543$2,073,543$2,338,984
60$2,376,079$2,147,726$2,083,068$2,469,009
61$2,556,612$2,191,138$2,091,023$2,603,758
62$2,753,612$2,234,729$2,097,298$2,749,321
63$2,968,697$2,278,448$2,101,774$2,906,740
64$3,203,649$2,322,236$2,104,328$3,077,165
65$3,460,428$2,366,032$2,104,830$3,261,860
66$3,741,193$2,409,770$2,103,144$3,462,221
67$4,048,323$2,453,377$2,099,127$3,679,781
68$4,384,434$2,496,774$2,092,630$3,916,235
69$4,752,409$2,539,878$2,083,495$4,173,446
70$5,155,420$2,582,598$2,071,558$4,453,470
71$5,596,965$2,624,837$2,056,647$4,758,570
72$6,080,891$2,666,490$2,038,581$5,091,242
73$6,611,439$2,707,445$2,017,170$5,454,235
74$7,193,277$2,747,581$1,992,216$5,850,580
75$7,831,547$2,786,768$1,963,511$6,283,618
76$8,531,915$2,824,870$1,930,839$6,757,029
77$9,300,618$2,861,737$1,893,970$7,274,870
78$10,144,531$2,897,212$1,852,668$7,841,613
79$11,071,223$2,931,125$1,806,683$8,462,186
80$12,089,035$2,963,297$1,755,753$9,142,022
81$13,207,152$2,993,534$1,699,606$9,887,108
82$14,435,696$3,021,632$1,637,957$10,704,044
83$15,785,816$3,047,371$1,570,508$11,600,104
84$17,269,795$3,070,518$1,496,946$12,583,305
85$18,901,165$3,090,824$1,416,945$13,662,486
86$20,694,835$3,108,026$1,330,164$14,847,386
87$22,667,231$3,121,842$1,236,247$16,148,744
88$24,836,450$3,131,973$1,134,822$17,578,393
89$27,222,429$3,138,101$1,025,500$19,149,378
90$29,847,137$3,139,888$907,875$20,876,079
91$32,734,778$3,136,976$781,521$22,774,344
92$35,912,019$3,128,982$645,997$24,861,640
93$39,408,246$3,115,503$500,838$27,157,224
94$43,255,834$3,096,110$345,563$29,682,319
95$47,490,456$3,070,346$179,667$32,460,318
96$52,151,420$3,037,730$2,622$35,517,005
97$57,282,035$2,997,748$0$38,880,800
98$62,930,024$2,949,860$0$42,598,933
99$69,147,973$2,893,490$0$46,691,300
100$75,993,824$2,828,029$0$51,195,782