Can I retire at age 59 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$169,287$167,779$166,308$164,872$163,470$159,648
2 years$83,805$82,245$80,732$79,265$77,843$74,014
3 years$55,315$53,748$52,239$50,786$49,387$45,670
4 years$41,073$39,510$38,017$36,589$35,223$31,648
5 years$32,530$30,977$29,502$28,104$26,776$23,352
6 years$26,836$25,295$23,842$22,475$21,187$17,918
7 years$22,771$21,242$19,813$18,478$17,231$14,117
8 years$19,724$18,209$16,803$15,500$14,294$11,335
9 years$17,355$15,854$14,472$13,203$12,038$9,231
10 years$15,460$13,974$12,617$11,381$10,257$7,598
11 years$13,912$12,441$11,108$9,905$8,821$6,308
12 years$12,622$11,166$9,858$8,688$7,644$5,272
13 years$11,532$10,091$8,808$7,670$6,666$4,430
14 years$10,598$9,172$7,914$6,809$5,843$3,739
15 years$9,789$8,379$7,145$6,072$5,145$3,168
16 years$9,082$7,688$6,478$5,437$4,547$2,692
17 years$8,459$7,080$5,895$4,885$4,032$2,293
18 years$7,906$6,542$5,381$4,402$3,585$1,958
19 years$7,412$6,063$4,926$3,978$3,195$1,674
20 years$6,967$5,634$4,521$3,603$2,854$1,434
21 years$6,566$5,248$4,158$3,270$2,554$1,230
22 years$6,201$4,899$3,833$2,973$2,289$1,056
23 years$5,869$4,582$3,539$2,708$2,055$907
24 years$5,565$4,293$3,273$2,469$1,847$781
25 years$5,285$4,029$3,031$2,255$1,662$672
26 years$5,028$3,786$2,811$2,062$1,497$579
27 years$4,790$3,563$2,611$1,887$1,350$498
28 years$4,569$3,358$2,427$1,729$1,218$430
29 years$4,364$3,168$2,258$1,586$1,100$370
30 years$4,173$2,992$2,104$1,455$994$320
31 years$3,995$2,828$1,961$1,337$898$276
32 years$3,828$2,676$1,830$1,228$813$238
33 years$3,671$2,534$1,708$1,130$736$205
34 years$3,524$2,402$1,596$1,039$666$177
35 years$3,386$2,278$1,492$957$603$153
36 years$3,256$2,162$1,396$881$546$132
37 years$3,133$2,054$1,307$812$495$114
38 years$3,017$1,952$1,224$748$449$99
39 years$2,907$1,856$1,146$690$407$85
40 years$2,803$1,766$1,075$636$369$74
41 years$2,704$1,681$1,008$587$335$64
42 years$2,610$1,601$945$542$304$55
43 years$2,521$1,525$887$500$276$47
44 years$2,436$1,454$833$462$250$41
45 years$2,355$1,386$782$427$227$35
46 years$2,277$1,322$734$394$206$31
47 years$2,204$1,262$690$364$187$26
48 years$2,133$1,205$648$336$170$23
49 years$2,066$1,150$609$311$155$20
50 years$2,002$1,099$573$287$140$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,050,000, adding $6,204 every year, while hoping to spend $53,464 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: 70/6/24 Blend
58$2,050,000$2,050,000$2,050,000$2,050,000
59$2,265,499$2,156,849$2,125,074$2,409,935
60$2,439,695$2,205,650$2,139,379$2,556,142
61$2,629,867$2,255,049$2,152,371$2,709,320
62$2,837,588$2,305,021$2,163,950$2,875,725
63$3,064,590$2,355,535$2,174,010$3,056,667
64$3,312,779$2,406,558$2,182,441$3,253,584
65$3,584,255$2,458,052$2,189,126$3,468,067
66$3,881,330$2,509,977$2,193,942$3,701,866
67$4,206,547$2,562,288$2,196,761$3,956,908
68$4,562,711$2,614,935$2,197,448$4,235,320
69$4,952,906$2,667,866$2,195,861$4,539,444
70$5,380,533$2,721,022$2,191,853$4,871,862
71$5,849,334$2,774,339$2,185,267$5,235,418
72$6,363,433$2,827,748$2,175,940$5,633,250
73$6,927,370$2,881,174$2,163,700$6,068,811
74$7,546,146$2,934,537$2,148,369$6,545,913
75$8,225,272$2,987,748$2,129,758$7,068,751
76$8,970,815$3,040,713$2,107,671$7,641,953
77$9,789,460$3,093,330$2,081,900$8,270,618
78$10,688,572$3,145,490$2,052,230$8,960,366
79$11,676,261$3,197,073$2,018,434$9,717,391
80$12,761,464$3,247,955$1,980,276$10,548,521
81$13,954,026$3,297,997$1,937,508$11,461,279
82$15,264,792$3,347,055$1,889,871$12,463,959
83$16,705,712$3,394,971$1,837,092$13,565,701
84$18,289,948$3,441,579$1,778,889$14,776,579
85$20,032,005$3,486,698$1,714,963$16,107,696
86$21,947,860$3,530,137$1,645,006$17,571,289
87$24,055,120$3,571,691$1,568,691$19,180,846
88$26,373,180$3,611,142$1,485,680$20,951,232
89$28,923,412$3,648,256$1,395,618$22,898,830
90$31,729,363$3,682,783$1,298,134$25,041,696
91$34,816,977$3,714,459$1,192,841$27,399,733
92$38,214,842$3,743,000$1,079,334$29,994,874
93$41,954,455$3,768,106$957,190$32,851,293
94$46,070,521$3,789,455$825,968$35,995,633
95$50,601,283$3,806,707$685,207$39,457,258
96$55,588,877$3,819,499$534,424$43,268,530
97$61,079,732$3,827,445$373,118$47,465,116
98$67,125,010$3,830,135$200,763$52,086,327
99$73,781,084$3,827,134$16,810$57,175,485
100$81,110,070$3,817,979$0$62,780,338