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%12.9%
1 years$170,939$169,416$167,930$166,481$165,065$163,070
2 years$84,623$83,047$81,520$80,039$78,602$76,594
3 years$55,855$54,272$52,749$51,282$49,868$47,910
4 years$41,474$39,896$38,387$36,945$35,567$33,673
5 years$32,847$31,279$29,790$28,378$27,037$25,214
6 years$27,098$25,541$24,075$22,694$21,394$19,643
7 years$22,993$21,450$20,006$18,658$17,399$15,721
8 years$19,916$18,386$16,967$15,652$14,434$12,829
9 years$17,524$16,009$14,614$13,332$12,155$10,623
10 years$15,611$14,111$12,741$11,492$10,357$8,896
11 years$14,047$12,562$11,217$10,002$8,907$7,516
12 years$12,745$11,275$9,954$8,773$7,719$6,396
13 years$11,644$10,189$8,894$7,745$6,731$5,475
14 years$10,701$9,262$7,991$6,875$5,900$4,710
15 years$9,885$8,461$7,215$6,131$5,195$4,067
16 years$9,171$7,763$6,541$5,490$4,592$3,525
17 years$8,542$7,149$5,952$4,933$4,071$3,063
18 years$7,983$6,606$5,434$4,445$3,620$2,669
19 years$7,484$6,122$4,974$4,017$3,226$2,330
20 years$7,035$5,689$4,565$3,638$2,882$2,038
21 years$6,630$5,299$4,199$3,302$2,579$1,786
22 years$6,262$4,947$3,870$3,002$2,312$1,566
23 years$5,926$4,627$3,573$2,734$2,075$1,376
24 years$5,619$4,335$3,305$2,494$1,865$1,209
25 years$5,337$4,068$3,061$2,277$1,678$1,064
26 years$5,077$3,823$2,839$2,082$1,512$937
27 years$4,836$3,598$2,636$1,906$1,363$826
28 years$4,614$3,391$2,451$1,746$1,230$728
29 years$4,407$3,199$2,280$1,601$1,111$643
30 years$4,214$3,021$2,124$1,470$1,003$567
31 years$4,034$2,856$1,980$1,350$907$501
32 years$3,865$2,702$1,848$1,240$821$442
33 years$3,707$2,559$1,725$1,141$743$391
34 years$3,559$2,425$1,612$1,050$672$345
35 years$3,419$2,300$1,507$966$609$305
36 years$3,288$2,183$1,410$890$552$270
37 years$3,164$2,074$1,320$820$500$239
38 years$3,046$1,971$1,236$756$453$211
39 years$2,935$1,874$1,158$697$411$187
40 years$2,830$1,783$1,085$643$373$165
41 years$2,730$1,697$1,017$593$338$146
42 years$2,635$1,616$954$547$307$130
43 years$2,545$1,540$896$505$279$115
44 years$2,459$1,468$841$466$253$102
45 years$2,378$1,400$789$431$230$90
46 years$2,300$1,335$741$398$208$80
47 years$2,225$1,274$697$368$189$70
48 years$2,154$1,217$655$340$172$62
49 years$2,086$1,162$615$314$156$55
50 years$2,021$1,110$578$290$142$49

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 $4,162 every year, while hoping to spend $30,290 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: 54/38/8 Blend
58$2,070,000$2,070,000$2,070,000$2,070,000
59$2,285,433$2,175,723$2,143,638$2,404,210
60$2,486,319$2,250,105$2,183,222$2,559,466
61$2,706,680$2,327,117$2,223,116$2,724,673
62$2,948,471$2,406,855$2,263,300$2,903,745
63$3,213,844$2,489,420$2,303,749$3,098,002
64$3,505,171$2,574,916$2,344,440$3,308,895
65$3,825,064$2,663,453$2,385,344$3,538,020
66$4,176,401$2,755,142$2,426,434$3,787,130
67$4,562,351$2,850,102$2,467,677$4,058,157
68$4,986,407$2,948,453$2,509,040$4,353,225
69$5,452,415$3,050,322$2,550,488$4,674,671
70$5,964,615$3,155,841$2,591,982$5,025,066
71$6,527,674$3,265,146$2,633,482$5,407,239
72$7,146,737$3,378,378$2,674,944$5,824,305
73$7,827,472$3,495,687$2,716,323$6,279,692
74$8,576,123$3,617,224$2,757,568$6,777,172
75$9,399,568$3,743,149$2,798,628$7,320,899
76$10,305,389$3,873,628$2,839,446$7,915,445
77$11,301,936$4,008,833$2,879,965$8,565,843
78$12,398,411$4,148,943$2,920,121$9,277,635
79$13,604,952$4,294,144$2,959,848$10,056,924
80$14,932,730$4,444,630$2,999,076$10,910,428
81$16,394,054$4,600,602$3,037,730$11,845,546
82$18,002,485$4,762,270$3,075,733$12,870,427
83$19,772,968$4,929,851$3,112,999$13,994,041
84$21,721,969$5,103,572$3,149,443$15,226,273
85$23,867,631$5,283,667$3,184,970$16,578,003
86$26,229,946$5,470,384$3,219,483$18,061,221
87$28,830,943$5,663,975$3,252,878$19,689,126
88$31,694,896$5,864,707$3,285,047$21,476,262
89$34,848,554$6,072,856$3,315,874$23,438,647
90$38,321,389$6,288,709$3,345,238$25,593,923
91$42,145,879$6,512,564$3,373,012$27,961,527
92$46,357,812$6,744,733$3,399,062$30,562,867
93$50,996,623$6,985,539$3,423,245$33,421,530
94$56,105,768$7,235,320$3,445,413$36,563,496
95$61,733,132$7,494,426$3,465,409$40,017,389
96$67,931,480$7,763,222$3,483,070$43,814,739
97$74,758,960$8,042,089$3,498,222$47,990,287
98$82,279,645$8,331,422$3,510,683$52,582,305
99$90,564,140$8,631,633$3,520,262$57,632,957
100$99,690,251$8,943,152$3,526,760$63,188,698