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%15.9%
1 years$165,158$163,687$162,252$160,851$159,483$155,627
2 years$81,761$80,239$78,763$77,332$75,944$72,083
3 years$53,966$52,437$50,965$49,547$48,182$44,436
4 years$40,071$38,547$37,089$35,696$34,364$30,762
5 years$31,737$30,221$28,783$27,418$26,123$22,674
6 years$26,182$24,678$23,261$21,926$20,670$17,379
7 years$22,216$20,724$19,330$18,027$16,810$13,677
8 years$19,243$17,765$16,393$15,122$13,946$10,969
9 years$16,931$15,467$14,120$12,881$11,744$8,922
10 years$15,083$13,634$12,310$11,103$10,007$7,335
11 years$13,572$12,137$10,837$9,663$8,606$6,081
12 years$12,314$10,894$9,618$8,476$7,458$5,076
13 years$11,250$9,845$8,593$7,483$6,503$4,260
14 years$10,339$8,949$7,721$6,643$5,701$3,591
15 years$9,550$8,175$6,971$5,924$5,020$3,037
16 years$8,861$7,500$6,320$5,304$4,436$2,577
17 years$8,253$6,907$5,751$4,766$3,934$2,192
18 years$7,713$6,383$5,250$4,295$3,497$1,869
19 years$7,231$5,915$4,806$3,881$3,117$1,596
20 years$6,797$5,497$4,411$3,515$2,785$1,365
21 years$6,406$5,120$4,057$3,190$2,492$1,169
22 years$6,050$4,779$3,739$2,900$2,234$1,002
23 years$5,726$4,470$3,452$2,642$2,005$860
24 years$5,429$4,188$3,193$2,409$1,802$738
25 years$5,156$3,930$2,957$2,200$1,622$634
26 years$4,905$3,694$2,743$2,012$1,461$545
27 years$4,673$3,476$2,547$1,841$1,317$469
28 years$4,458$3,276$2,368$1,687$1,188$404
29 years$4,258$3,090$2,203$1,547$1,073$348
30 years$4,071$2,919$2,052$1,420$970$299
31 years$3,897$2,759$1,913$1,304$877$258
32 years$3,734$2,611$1,785$1,198$793$222
33 years$3,582$2,472$1,667$1,102$718$191
34 years$3,438$2,343$1,557$1,014$650$165
35 years$3,304$2,222$1,456$933$588$142
36 years$3,176$2,109$1,362$860$533$123
37 years$3,057$2,003$1,275$792$483$106
38 years$2,943$1,904$1,194$730$438$91
39 years$2,836$1,811$1,119$673$397$79
40 years$2,734$1,723$1,048$621$360$68
41 years$2,638$1,640$983$573$327$58
42 years$2,546$1,562$922$529$297$50
43 years$2,459$1,488$865$488$269$44
44 years$2,376$1,418$812$451$244$38
45 years$2,297$1,352$763$416$222$32
46 years$2,222$1,290$716$384$201$28
47 years$2,150$1,231$673$355$183$24
48 years$2,081$1,175$632$328$166$21
49 years$2,016$1,122$594$303$151$18
50 years$1,953$1,072$559$280$137$15

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 $6,825 every year, while hoping to spend $35,648 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: 37/45/18 Blend
58$2,000,000$2,000,000$2,000,000$2,000,000
59$2,211,040$2,105,040$2,074,040$2,280,584
60$2,398,637$2,170,258$2,105,591$2,396,690
61$2,604,174$2,237,476$2,137,004$2,518,149
62$2,829,443$2,306,756$2,168,238$2,648,595
63$3,076,419$2,378,160$2,199,246$2,788,855
64$3,347,275$2,451,751$2,229,982$2,939,837
65$3,644,405$2,527,595$2,260,395$3,102,538
66$3,970,448$2,605,761$2,290,432$3,278,056
67$4,328,308$2,686,317$2,320,035$3,467,598
68$4,721,185$2,769,337$2,349,146$3,672,493
69$5,152,605$2,854,893$2,377,701$3,894,199
70$5,626,449$2,943,061$2,405,633$4,134,325
71$6,146,997$3,033,921$2,432,872$4,394,638
72$6,718,960$3,127,553$2,459,343$4,677,084
73$7,347,530$3,224,039$2,484,966$4,983,804
74$8,038,426$3,323,465$2,509,661$5,317,155
75$8,797,949$3,425,918$2,533,338$5,679,732
76$9,633,041$3,531,489$2,555,905$6,074,391
77$10,551,349$3,640,270$2,577,267$6,504,275
78$11,561,301$3,752,358$2,597,320$6,972,848
79$12,672,180$3,867,850$2,615,956$7,483,920
80$13,894,215$3,986,847$2,633,063$8,041,689
81$15,238,676$4,109,453$2,648,522$8,650,778
82$16,717,980$4,235,776$2,662,207$9,316,277
83$18,345,810$4,365,924$2,673,986$10,043,792
84$20,137,240$4,500,012$2,683,722$10,839,497
85$22,108,881$4,638,155$2,691,269$11,710,193
86$24,279,034$4,780,472$2,696,474$12,663,372
87$26,667,868$4,927,088$2,699,178$13,707,284
88$29,297,602$5,078,127$2,699,212$14,851,018
89$32,192,722$5,233,719$2,696,400$16,104,586
90$35,380,207$5,393,999$2,690,557$17,479,017
91$38,889,786$5,559,103$2,681,489$18,986,463
92$42,754,218$5,729,173$2,668,992$20,640,309
93$47,009,598$5,904,352$2,652,854$22,455,301
94$51,695,702$6,084,790$2,632,849$24,447,686
95$56,856,360$6,270,641$2,608,745$26,635,365
96$62,539,866$6,462,060$2,580,296$29,038,058
97$68,799,442$6,659,210$2,547,245$31,677,493
98$75,693,730$6,862,256$2,509,323$34,577,611
99$83,287,353$7,071,369$2,466,248$37,764,789
100$91,651,520$7,286,724$2,417,725$41,268,090