Can I retire at age 59 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$170,939$169,416$167,930$166,481$165,065$160,230
2 years$84,623$83,047$81,520$80,039$78,602$73,771
3 years$55,855$54,272$52,749$51,282$49,868$45,192
4 years$41,474$39,896$38,387$36,945$35,567$31,080
5 years$32,847$31,279$29,790$28,378$27,037$22,753
6 years$27,098$25,541$24,075$22,694$21,394$17,316
7 years$22,993$21,450$20,006$18,658$17,399$13,527
8 years$19,916$18,386$16,967$15,652$14,434$10,766
9 years$17,524$16,009$14,614$13,332$12,155$8,688
10 years$15,611$14,111$12,741$11,492$10,357$7,085
11 years$14,047$12,562$11,217$10,002$8,907$5,826
12 years$12,745$11,275$9,954$8,773$7,719$4,821
13 years$11,644$10,189$8,894$7,745$6,731$4,011
14 years$10,701$9,262$7,991$6,875$5,900$3,351
15 years$9,885$8,461$7,215$6,131$5,195$2,809
16 years$9,171$7,763$6,541$5,490$4,592$2,361
17 years$8,542$7,149$5,952$4,933$4,071$1,990
18 years$7,983$6,606$5,434$4,445$3,620$1,680
19 years$7,484$6,122$4,974$4,017$3,226$1,421
20 years$7,035$5,689$4,565$3,638$2,882$1,203
21 years$6,630$5,299$4,199$3,302$2,579$1,020
22 years$6,262$4,947$3,870$3,002$2,312$866
23 years$5,926$4,627$3,573$2,734$2,075$735
24 years$5,619$4,335$3,305$2,494$1,865$625
25 years$5,337$4,068$3,061$2,277$1,678$531
26 years$5,077$3,823$2,839$2,082$1,512$452
27 years$4,836$3,598$2,636$1,906$1,363$385
28 years$4,614$3,391$2,451$1,746$1,230$328
29 years$4,407$3,199$2,280$1,601$1,111$279
30 years$4,214$3,021$2,124$1,470$1,003$238
31 years$4,034$2,856$1,980$1,350$907$203
32 years$3,865$2,702$1,848$1,240$821$173
33 years$3,707$2,559$1,725$1,141$743$147
34 years$3,559$2,425$1,612$1,050$672$126
35 years$3,419$2,300$1,507$966$609$107
36 years$3,288$2,183$1,410$890$552$91
37 years$3,164$2,074$1,320$820$500$78
38 years$3,046$1,971$1,236$756$453$66
39 years$2,935$1,874$1,158$697$411$57
40 years$2,830$1,783$1,085$643$373$48
41 years$2,730$1,697$1,017$593$338$41
42 years$2,635$1,616$954$547$307$35
43 years$2,545$1,540$896$505$279$30
44 years$2,459$1,468$841$466$253$26
45 years$2,378$1,400$789$431$230$22
46 years$2,300$1,335$741$398$208$19
47 years$2,225$1,274$697$368$189$16
48 years$2,154$1,217$655$340$172$14
49 years$2,086$1,162$615$314$156$12
50 years$2,021$1,110$578$290$142$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,070,000, adding $5,300 every year, while hoping to spend $57,126 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: 68/10/22 Blend
58$2,070,000$2,070,000$2,070,000$2,070,000
59$2,286,607$2,176,897$2,144,812$2,429,068
60$2,459,059$2,222,783$2,155,882$2,571,035
61$2,647,187$2,269,003$2,165,407$2,719,181
62$2,852,529$2,315,513$2,173,277$2,879,886
63$3,076,779$2,362,265$2,179,374$3,054,386
64$3,321,800$2,409,207$2,183,573$3,244,046
65$3,589,647$2,456,281$2,185,746$3,450,368
66$3,882,578$2,503,425$2,185,755$3,675,009
67$4,203,082$2,550,574$2,183,459$3,919,794
68$4,553,898$2,597,654$2,178,707$4,186,734
69$4,938,044$2,644,588$2,171,342$4,478,047
70$5,358,842$2,691,290$2,161,199$4,796,175
71$5,819,950$2,737,669$2,148,105$5,143,813
72$6,325,398$2,783,628$2,131,880$5,523,927
73$6,879,624$2,829,061$2,112,334$5,939,790
74$7,487,516$2,873,856$2,089,267$6,395,008
75$8,154,457$2,917,889$2,062,472$6,893,555
76$8,886,377$2,961,031$2,031,730$7,439,812
77$9,689,808$3,003,142$1,996,814$8,038,606
78$10,571,946$3,044,073$1,957,484$8,695,261
79$11,540,715$3,083,664$1,913,491$9,415,641
80$12,604,848$3,121,743$1,864,573$10,206,213
81$13,773,962$3,158,128$1,810,455$11,074,103
82$15,058,653$3,192,623$1,750,853$12,027,166
83$16,470,595$3,225,021$1,685,465$13,074,059
84$18,022,647$3,255,099$1,613,980$14,224,326
85$19,728,979$3,282,620$1,536,070$15,488,484
86$21,605,199$3,307,333$1,451,393$16,878,127
87$23,668,505$3,328,968$1,359,590$18,406,033
88$25,937,845$3,347,240$1,260,289$20,086,285
89$28,434,095$3,361,845$1,153,099$21,934,408
90$31,180,257$3,372,459$1,037,611$23,967,510
91$34,201,671$3,378,738$913,400$26,204,451
92$37,526,263$3,380,317$780,020$28,666,015
93$41,184,798$3,376,809$637,006$31,375,111
94$45,211,175$3,367,800$483,874$34,356,989
95$49,642,747$3,352,855$320,116$37,639,479
96$54,520,670$3,331,507$145,203$41,253,253
97$59,890,294$3,303,267$0$45,232,117
98$65,801,587$3,267,610$0$49,623,064
99$72,309,611$3,223,985$0$54,494,433
100$79,475,036$3,171,804$0$59,857,507