Can I retire at age 59 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$167,636$166,142$164,685$163,264$161,875$157,324
2 years$82,988$81,442$79,944$78,492$77,083$72,533
3 years$54,776$53,223$51,729$50,291$48,905$44,498
4 years$40,672$39,125$37,646$36,232$34,879$30,649
5 years$32,213$30,674$29,215$27,829$26,515$22,473
6 years$26,575$25,048$23,610$22,255$20,980$17,131
7 years$22,549$21,035$19,620$18,297$17,063$13,406
8 years$19,531$18,031$16,639$15,349$14,155$10,688
9 years$17,185$15,699$14,331$13,074$11,921$8,641
10 years$15,310$13,838$12,494$11,270$10,157$7,060
11 years$13,776$12,319$11,000$9,808$8,735$5,816
12 years$12,499$11,057$9,762$8,603$7,570$4,823
13 years$11,419$9,992$8,722$7,595$6,601$4,020
14 years$10,494$9,083$7,837$6,742$5,786$3,365
15 years$9,694$8,297$7,075$6,013$5,095$2,827
16 years$8,994$7,613$6,415$5,384$4,503$2,382
17 years$8,377$7,011$5,837$4,837$3,993$2,011
18 years$7,829$6,478$5,329$4,359$3,550$1,702
19 years$7,339$6,004$4,878$3,939$3,164$1,443
20 years$6,899$5,579$4,477$3,568$2,826$1,224
21 years$6,502$5,197$4,118$3,238$2,529$1,041
22 years$6,141$4,851$3,795$2,944$2,267$885
23 years$5,812$4,537$3,504$2,681$2,035$754
24 years$5,510$4,251$3,241$2,445$1,829$642
25 years$5,234$3,989$3,002$2,233$1,646$547
26 years$4,979$3,749$2,784$2,042$1,483$467
27 years$4,743$3,529$2,585$1,869$1,337$398
28 years$4,524$3,325$2,403$1,712$1,206$340
29 years$4,321$3,137$2,236$1,570$1,089$290
30 years$4,132$2,962$2,083$1,441$984$248
31 years$3,956$2,800$1,942$1,324$890$212
32 years$3,790$2,650$1,812$1,216$805$181
33 years$3,635$2,509$1,692$1,119$728$155
34 years$3,490$2,378$1,581$1,029$659$132
35 years$3,353$2,256$1,478$947$597$113
36 years$3,224$2,141$1,383$873$541$97
37 years$3,102$2,034$1,294$804$490$83
38 years$2,987$1,933$1,212$741$445$71
39 years$2,878$1,838$1,135$683$403$60
40 years$2,775$1,748$1,064$630$366$52
41 years$2,677$1,664$998$581$332$44
42 years$2,584$1,585$936$537$301$38
43 years$2,496$1,510$878$495$273$32
44 years$2,412$1,440$824$457$248$28
45 years$2,332$1,373$774$422$225$24
46 years$2,255$1,310$727$390$204$20
47 years$2,182$1,250$683$360$186$17
48 years$2,113$1,193$642$333$169$15
49 years$2,046$1,139$603$308$153$13
50 years$1,982$1,088$567$285$139$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,030,000, adding $2,142 every year, while hoping to spend $55,336 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: 77/17/6 Blend
58$2,030,000$2,030,000$2,030,000$2,030,000
59$2,239,269$2,131,679$2,100,214$2,410,290
60$2,408,798$2,177,255$2,111,695$2,568,410
61$2,593,764$2,223,208$2,121,705$2,734,342
62$2,795,683$2,269,501$2,130,137$2,914,626
63$3,016,224$2,316,088$2,136,879$3,110,666
64$3,257,226$2,362,923$2,141,810$3,324,004
65$3,520,710$2,409,953$2,144,808$3,556,340
66$3,808,903$2,457,122$2,145,740$3,809,546
67$4,124,258$2,504,368$2,144,470$4,085,683
68$4,469,476$2,551,625$2,140,852$4,387,021
69$4,847,528$2,598,821$2,134,737$4,716,062
70$5,261,690$2,645,877$2,125,965$5,075,561
71$5,715,568$2,692,711$2,114,370$5,468,552
72$6,213,132$2,739,230$2,099,778$5,898,378
73$6,758,758$2,785,338$2,082,006$6,368,722
74$7,357,261$2,830,930$2,060,863$6,883,642
75$8,013,949$2,875,892$2,036,149$7,447,608
76$8,734,665$2,920,105$2,007,654$8,065,545
77$9,525,849$2,963,438$1,975,158$8,742,879
78$10,394,591$3,005,752$1,938,432$9,485,589
79$11,348,703$3,046,898$1,897,233$10,300,263
80$12,396,792$3,086,717$1,851,312$11,194,159
81$13,548,337$3,125,038$1,800,403$12,175,274
82$14,813,783$3,161,680$1,744,232$13,252,423
83$16,204,635$3,196,449$1,682,509$14,435,315
84$17,733,569$3,229,136$1,614,935$15,734,652
85$19,414,550$3,259,520$1,541,192$17,162,224
86$21,262,964$3,287,367$1,460,952$18,731,025
87$23,295,762$3,312,424$1,373,870$20,455,374
88$25,531,621$3,334,424$1,279,585$22,351,047
89$27,991,118$3,353,082$1,177,723$24,435,432
90$30,696,924$3,368,096$1,067,889$26,727,689
91$33,674,021$3,379,142$949,674$29,248,932
92$36,949,930$3,385,880$822,647$32,022,428
93$40,554,979$3,387,944$686,362$35,073,817
94$44,522,581$3,384,948$540,350$38,431,357
95$48,889,556$3,376,481$384,122$42,126,185
96$53,696,470$3,362,109$217,170$46,192,617
97$58,988,026$3,341,367$38,961$50,668,467
98$64,813,477$3,313,767$0$55,595,410
99$71,227,097$3,278,787$0$61,029,050
100$78,288,691$3,235,877$0$67,013,609