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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$169,287$167,779$166,308$164,872$163,470$161,094
2 years$83,805$82,245$80,732$79,265$77,843$75,454
3 years$55,315$53,748$52,239$50,786$49,387$47,059
4 years$41,073$39,510$38,017$36,589$35,223$32,975
5 years$32,530$30,977$29,502$28,104$26,776$24,614
6 years$26,836$25,295$23,842$22,475$21,187$19,113
7 years$22,771$21,242$19,813$18,478$17,231$15,246
8 years$19,724$18,209$16,803$15,500$14,294$12,399
9 years$17,355$15,854$14,472$13,203$12,038$10,230
10 years$15,460$13,974$12,617$11,381$10,257$8,536
11 years$13,912$12,441$11,108$9,905$8,821$7,185
12 years$12,622$11,166$9,858$8,688$7,644$6,091
13 years$11,532$10,091$8,808$7,670$6,666$5,194
14 years$10,598$9,172$7,914$6,809$5,843$4,450
15 years$9,789$8,379$7,145$6,072$5,145$3,827
16 years$9,082$7,688$6,478$5,437$4,547$3,303
17 years$8,459$7,080$5,895$4,885$4,032$2,858
18 years$7,906$6,542$5,381$4,402$3,585$2,480
19 years$7,412$6,063$4,926$3,978$3,195$2,155
20 years$6,967$5,634$4,521$3,603$2,854$1,877
21 years$6,566$5,248$4,158$3,270$2,554$1,637
22 years$6,201$4,899$3,833$2,973$2,289$1,429
23 years$5,869$4,582$3,539$2,708$2,055$1,250
24 years$5,565$4,293$3,273$2,469$1,847$1,093
25 years$5,285$4,029$3,031$2,255$1,662$958
26 years$5,028$3,786$2,811$2,062$1,497$839
27 years$4,790$3,563$2,611$1,887$1,350$736
28 years$4,569$3,358$2,427$1,729$1,218$646
29 years$4,364$3,168$2,258$1,586$1,100$567
30 years$4,173$2,992$2,104$1,455$994$498
31 years$3,995$2,828$1,961$1,337$898$438
32 years$3,828$2,676$1,830$1,228$813$385
33 years$3,671$2,534$1,708$1,130$736$338
34 years$3,524$2,402$1,596$1,039$666$297
35 years$3,386$2,278$1,492$957$603$262
36 years$3,256$2,162$1,396$881$546$230
37 years$3,133$2,054$1,307$812$495$203
38 years$3,017$1,952$1,224$748$449$178
39 years$2,907$1,856$1,146$690$407$157
40 years$2,803$1,766$1,075$636$369$138
41 years$2,704$1,681$1,008$587$335$122
42 years$2,610$1,601$945$542$304$107
43 years$2,521$1,525$887$500$276$94
44 years$2,436$1,454$833$462$250$83
45 years$2,355$1,386$782$427$227$73
46 years$2,277$1,322$734$394$206$64
47 years$2,204$1,262$690$364$187$57
48 years$2,133$1,205$648$336$170$50
49 years$2,066$1,150$609$311$155$44
50 years$2,002$1,099$573$287$140$39

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 $3,757 every year, while hoping to spend $42,616 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: 41/34/25 Blend
58$2,050,000$2,050,000$2,050,000$2,050,000
59$2,262,975$2,154,325$2,122,550$2,338,974
60$2,448,456$2,214,544$2,148,313$2,454,202
61$2,651,427$2,276,285$2,173,510$2,574,535
62$2,873,628$2,339,579$2,198,078$2,703,950
63$3,116,973$2,404,454$2,221,949$2,843,306
64$3,383,573$2,470,940$2,245,052$2,993,548
65$3,675,748$2,539,067$2,267,312$3,155,717
66$3,996,057$2,608,865$2,288,651$3,330,958
67$4,347,318$2,680,362$2,308,983$3,520,533
68$4,732,633$2,753,587$2,328,222$3,725,832
69$5,155,419$2,828,571$2,346,275$3,948,386
70$5,619,441$2,905,340$2,363,045$4,189,880
71$6,128,846$2,983,924$2,378,429$4,452,172
72$6,688,201$3,064,349$2,392,319$4,737,307
73$7,302,537$3,146,642$2,404,602$5,047,539
74$7,977,399$3,230,830$2,415,159$5,385,353
75$8,718,892$3,316,939$2,423,864$5,753,482
76$9,533,742$3,404,993$2,430,587$6,154,942
77$10,429,361$3,495,015$2,435,190$6,593,054
78$11,413,914$3,587,028$2,437,526$7,071,478
79$12,496,395$3,681,054$2,437,445$7,594,245
80$13,686,714$3,777,112$2,434,786$8,165,800
81$14,995,789$3,875,222$2,429,382$8,791,040
82$16,435,651$3,975,399$2,421,058$9,475,360
83$18,019,553$4,077,659$2,409,629$10,224,707
84$19,762,098$4,182,015$2,394,902$11,045,633
85$21,679,376$4,288,478$2,376,675$11,945,360
86$23,789,116$4,397,056$2,354,737$12,931,847
87$26,110,849$4,507,755$2,328,864$14,013,864
88$28,666,099$4,620,579$2,298,825$15,201,076
89$31,478,582$4,735,528$2,264,375$16,504,136
90$34,574,426$4,852,598$2,225,261$17,934,783
91$37,982,425$4,971,782$2,181,215$19,505,955
92$41,734,304$5,093,071$2,131,957$21,231,911
93$45,865,022$5,216,450$2,077,196$23,128,365
94$50,413,097$5,341,900$2,016,626$25,212,635
95$55,420,977$5,469,397$1,949,927$27,503,809
96$60,935,432$5,598,912$1,876,764$30,022,922
97$67,007,998$5,730,412$1,796,788$32,793,158
98$73,695,467$5,863,854$1,709,634$35,840,066
99$81,060,416$5,999,195$1,614,918$39,191,805
100$89,171,802$6,136,379$1,512,241$42,879,411