Can I retire at age 59 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$166,810$165,324$163,874$162,459$161,078$154,931
2 years$82,579$81,041$79,551$78,105$76,704$70,584
3 years$54,506$52,961$51,474$50,043$48,664$42,763
4 years$40,472$38,932$37,460$36,053$34,708$29,070
5 years$32,054$30,523$29,071$27,692$26,384$21,025
6 years$26,444$24,925$23,493$22,146$20,877$15,800
7 years$22,438$20,932$19,523$18,207$16,978$12,182
8 years$19,435$17,942$16,557$15,274$14,085$9,565
9 years$17,101$15,622$14,261$13,010$11,862$7,611
10 years$15,234$13,770$12,433$11,214$10,107$6,118
11 years$13,708$12,259$10,946$9,760$8,692$4,956
12 years$12,437$11,003$9,714$8,561$7,533$4,039
13 years$11,363$9,943$8,679$7,558$6,569$3,308
14 years$10,443$9,038$7,798$6,709$5,758$2,719
15 years$9,646$8,256$7,040$5,983$5,070$2,243
16 years$8,949$7,575$6,383$5,357$4,481$1,854
17 years$8,335$6,976$5,808$4,814$3,973$1,536
18 years$7,790$6,447$5,302$4,338$3,532$1,275
19 years$7,303$5,975$4,854$3,920$3,149$1,060
20 years$6,865$5,552$4,455$3,550$2,812$882
21 years$6,470$5,171$4,098$3,222$2,517$734
22 years$6,110$4,827$3,777$2,929$2,256$612
23 years$5,783$4,515$3,487$2,668$2,025$510
24 years$5,483$4,230$3,225$2,433$1,820$426
25 years$5,208$3,970$2,987$2,222$1,638$356
26 years$4,954$3,731$2,770$2,032$1,475$297
27 years$4,720$3,511$2,572$1,860$1,330$248
28 years$4,502$3,309$2,391$1,704$1,200$207
29 years$4,300$3,121$2,225$1,563$1,084$173
30 years$4,112$2,948$2,073$1,434$979$145
31 years$3,936$2,787$1,932$1,317$885$121
32 years$3,772$2,637$1,803$1,210$801$101
33 years$3,618$2,497$1,683$1,113$725$85
34 years$3,473$2,367$1,573$1,024$656$71
35 years$3,337$2,245$1,471$943$594$59
36 years$3,208$2,131$1,376$868$538$50
37 years$3,087$2,023$1,288$800$488$42
38 years$2,973$1,923$1,206$737$442$35
39 years$2,864$1,829$1,130$680$401$29
40 years$2,762$1,740$1,059$627$364$24
41 years$2,664$1,656$993$579$330$20
42 years$2,572$1,577$931$534$300$17
43 years$2,484$1,503$874$493$272$14
44 years$2,400$1,432$820$455$247$12
45 years$2,320$1,366$770$420$224$10
46 years$2,244$1,303$723$388$203$8
47 years$2,172$1,244$680$359$185$7
48 years$2,102$1,187$639$331$168$6
49 years$2,036$1,134$600$306$152$5
50 years$1,972$1,083$564$283$138$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,020,000, adding $4,251 every year, while hoping to spend $41,804 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: 30/44/26 Blend
58$2,020,000$2,020,000$2,020,000$2,020,000
59$2,230,425$2,123,365$2,092,055$2,279,328
60$2,413,449$2,182,931$2,117,660$2,377,184
61$2,613,741$2,244,014$2,142,721$2,478,413
62$2,833,017$2,306,645$2,167,177$2,586,473
63$3,073,168$2,370,855$2,190,961$2,701,986
64$3,336,278$2,436,673$2,214,004$2,825,634
65$3,624,638$2,504,130$2,236,233$2,958,171
66$3,940,775$2,573,256$2,257,571$3,100,425
67$4,287,470$2,644,081$2,277,936$3,253,308
68$4,667,787$2,716,637$2,297,242$3,417,823
69$5,085,101$2,790,952$2,315,399$3,595,076
70$5,543,129$2,867,056$2,332,313$3,786,284
71$6,045,965$2,944,979$2,347,882$3,992,788
72$6,598,120$3,024,749$2,362,002$4,216,063
73$7,204,561$3,106,395$2,374,563$4,457,736
74$7,870,763$3,189,945$2,385,447$4,719,598
75$8,602,755$3,275,426$2,394,533$5,003,622
76$9,407,178$3,362,864$2,401,693$5,311,983
77$10,291,352$3,452,286$2,406,791$5,647,074
78$11,263,337$3,543,715$2,409,686$6,011,535
79$12,332,017$3,637,176$2,410,229$6,408,273
80$13,507,176$3,732,691$2,408,265$6,840,493
81$14,799,596$3,830,281$2,403,630$7,311,723
82$16,221,155$3,929,966$2,396,152$7,825,855
83$17,784,941$4,031,763$2,385,652$8,387,176
84$19,505,375$4,135,688$2,371,941$9,000,409
85$21,398,343$4,241,757$2,354,821$9,670,760
86$23,481,352$4,349,981$2,334,085$10,403,968
87$25,773,689$4,460,370$2,309,517$11,206,355
88$28,296,608$4,572,930$2,280,888$12,084,890
89$31,073,526$4,687,668$2,247,962$13,047,253
90$34,130,246$4,804,583$2,210,488$14,101,908
91$37,495,198$4,923,675$2,168,207$15,258,184
92$41,199,711$5,044,938$2,120,844$16,526,362
93$45,278,304$5,168,362$2,068,115$17,917,774
94$49,769,015$5,293,936$2,009,721$19,444,909
95$54,713,756$5,421,640$1,945,348$21,121,531
96$60,158,713$5,551,454$1,874,671$22,962,811
97$66,154,776$5,683,350$1,797,347$24,985,470
98$72,758,023$5,817,294$1,713,018$27,207,936
99$80,030,249$5,953,249$1,621,312$29,650,520
100$88,039,545$6,091,169$1,521,836$32,335,607