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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$165,158$163,687$162,252$160,851$159,483$158,213
2 years$81,761$80,239$78,763$77,332$75,944$74,664
3 years$53,966$52,437$50,965$49,547$48,182$46,931
4 years$40,071$38,547$37,089$35,696$34,364$33,152
5 years$31,737$30,221$28,783$27,418$26,123$24,954
6 years$26,182$24,678$23,261$21,926$20,670$19,545
7 years$22,216$20,724$19,330$18,027$16,810$15,730
8 years$19,243$17,765$16,393$15,122$13,946$12,910
9 years$16,931$15,467$14,120$12,881$11,744$10,753
10 years$15,083$13,634$12,310$11,103$10,007$9,059
11 years$13,572$12,137$10,837$9,663$8,606$7,702
12 years$12,314$10,894$9,618$8,476$7,458$6,596
13 years$11,250$9,845$8,593$7,483$6,503$5,683
14 years$10,339$8,949$7,721$6,643$5,701$4,920
15 years$9,550$8,175$6,971$5,924$5,020$4,278
16 years$8,861$7,500$6,320$5,304$4,436$3,733
17 years$8,253$6,907$5,751$4,766$3,934$3,267
18 years$7,713$6,383$5,250$4,295$3,497$2,867
19 years$7,231$5,915$4,806$3,881$3,117$2,521
20 years$6,797$5,497$4,411$3,515$2,785$2,221
21 years$6,406$5,120$4,057$3,190$2,492$1,961
22 years$6,050$4,779$3,739$2,900$2,234$1,733
23 years$5,726$4,470$3,452$2,642$2,005$1,534
24 years$5,429$4,188$3,193$2,409$1,802$1,359
25 years$5,156$3,930$2,957$2,200$1,622$1,205
26 years$4,905$3,694$2,743$2,012$1,461$1,070
27 years$4,673$3,476$2,547$1,841$1,317$950
28 years$4,458$3,276$2,368$1,687$1,188$845
29 years$4,258$3,090$2,203$1,547$1,073$751
30 years$4,071$2,919$2,052$1,420$970$668
31 years$3,897$2,759$1,913$1,304$877$595
32 years$3,734$2,611$1,785$1,198$793$530
33 years$3,582$2,472$1,667$1,102$718$472
34 years$3,438$2,343$1,557$1,014$650$421
35 years$3,304$2,222$1,456$933$588$375
36 years$3,176$2,109$1,362$860$533$335
37 years$3,057$2,003$1,275$792$483$298
38 years$2,943$1,904$1,194$730$438$266
39 years$2,836$1,811$1,119$673$397$238
40 years$2,734$1,723$1,048$621$360$212
41 years$2,638$1,640$983$573$327$189
42 years$2,546$1,562$922$529$297$169
43 years$2,459$1,488$865$488$269$151
44 years$2,376$1,418$812$451$244$135
45 years$2,297$1,352$763$416$222$120
46 years$2,222$1,290$716$384$201$107
47 years$2,150$1,231$673$355$183$96
48 years$2,081$1,175$632$328$166$86
49 years$2,016$1,122$594$303$151$77
50 years$1,953$1,072$559$280$137$68

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 $3,252 every year, while hoping to spend $51,663 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: 52/32/16 Blend
58$2,000,000$2,000,000$2,000,000$2,000,000
59$2,207,354$2,101,354$2,070,354$2,312,390
60$2,377,536$2,149,352$2,084,742$2,432,722
61$2,563,344$2,197,969$2,097,881$2,557,819
62$2,766,318$2,247,183$2,109,673$2,692,734
63$2,988,154$2,296,966$2,120,018$2,838,413
64$3,230,716$2,347,288$2,128,809$2,995,897
65$3,496,059$2,398,116$2,135,935$3,166,335
66$3,786,446$2,449,412$2,141,277$3,350,990
67$4,104,366$2,501,136$2,144,713$3,551,257
68$4,452,563$2,553,243$2,146,112$3,768,669
69$4,834,057$2,605,685$2,145,339$4,004,921
70$5,252,174$2,658,406$2,142,251$4,261,875
71$5,710,578$2,711,351$2,136,699$4,541,588
72$6,213,303$2,764,453$2,128,525$4,846,324
73$6,764,795$2,817,646$2,117,565$5,178,580
74$7,369,947$2,870,854$2,103,647$5,541,108
75$8,034,152$2,923,996$2,086,589$5,936,940
76$8,763,348$2,976,984$2,066,203$6,369,419
77$9,564,078$3,029,725$2,042,289$6,842,230
78$10,443,550$3,082,117$2,014,641$7,359,434
79$11,409,701$3,134,050$1,983,041$7,925,509
80$12,471,278$3,185,406$1,947,260$8,545,389
81$13,637,916$3,236,059$1,907,062$9,224,514
82$14,920,231$3,285,873$1,862,195$9,968,880
83$16,329,916$3,334,702$1,812,400$10,785,097
84$17,879,855$3,382,390$1,757,403$11,680,449
85$19,584,243$3,428,770$1,696,919$12,662,969
86$21,458,719$3,473,663$1,630,649$13,741,508
87$23,520,513$3,516,877$1,558,280$14,925,825
88$25,788,609$3,558,209$1,479,487$16,226,676
89$28,283,926$3,597,439$1,393,928$17,655,919
90$31,029,508$3,634,335$1,301,246$19,226,622
91$34,050,749$3,668,649$1,201,069$20,953,192
92$37,375,628$3,700,115$1,093,008$22,851,510
93$41,034,973$3,728,452$976,655$24,939,079
94$45,062,753$3,753,359$851,585$27,235,195
95$49,496,396$3,774,516$717,356$29,761,124
96$54,377,144$3,791,583$573,503$32,540,309
97$59,750,440$3,804,198$419,542$35,598,590
98$65,666,357$3,811,976$254,969$38,964,448
99$72,180,071$3,814,508$79,256$42,669,278
100$79,352,380$3,811,360$0$46,747,682