Can I retire at age 59 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$172,590$171,053$169,553$168,089$166,660$163,562
2 years$85,441$83,849$82,307$80,812$79,362$76,253
3 years$56,395$54,797$53,258$51,777$50,350$47,327
4 years$41,874$40,281$38,758$37,302$35,910$32,995
5 years$33,165$31,581$30,078$28,652$27,298$24,500
6 years$27,360$25,788$24,308$22,913$21,600$18,922
7 years$23,215$21,657$20,200$18,838$17,567$15,009
8 years$20,108$18,564$17,131$15,803$14,573$12,136
9 years$17,693$16,163$14,755$13,461$12,273$9,954
10 years$15,762$14,247$12,864$11,603$10,457$8,255
11 years$14,183$12,683$11,325$10,098$8,993$6,905
12 years$12,868$11,384$10,051$8,857$7,794$5,816
13 years$11,757$10,288$8,980$7,820$6,796$4,927
14 years$10,804$9,351$8,068$6,942$5,957$4,192
15 years$9,980$8,543$7,284$6,191$5,245$3,581
16 years$9,259$7,838$6,604$5,543$4,636$3,069
17 years$8,624$7,218$6,010$4,980$4,111$2,637
18 years$8,060$6,670$5,486$4,488$3,655$2,271
19 years$7,556$6,182$5,022$4,056$3,258$1,960
20 years$7,103$5,744$4,609$3,673$2,910$1,694
21 years$6,694$5,351$4,240$3,334$2,604$1,466
22 years$6,322$4,995$3,907$3,031$2,334$1,271
23 years$5,983$4,671$3,608$2,760$2,095$1,102
24 years$5,673$4,377$3,337$2,518$1,883$957
25 years$5,388$4,107$3,090$2,299$1,695$832
26 years$5,126$3,860$2,866$2,102$1,526$723
27 years$4,883$3,633$2,662$1,924$1,376$629
28 years$4,658$3,423$2,474$1,763$1,242$548
29 years$4,449$3,229$2,302$1,617$1,121$477
30 years$4,254$3,050$2,145$1,484$1,013$415
31 years$4,072$2,883$1,999$1,363$916$362
32 years$3,902$2,728$1,865$1,252$829$316
33 years$3,743$2,584$1,742$1,152$750$275
34 years$3,593$2,449$1,627$1,060$679$240
35 years$3,452$2,322$1,522$975$615$209
36 years$3,319$2,204$1,423$898$557$183
37 years$3,194$2,094$1,332$828$505$159
38 years$3,076$1,990$1,248$763$458$139
39 years$2,964$1,892$1,169$703$415$121
40 years$2,857$1,800$1,096$649$377$106
41 years$2,757$1,714$1,027$599$342$92
42 years$2,661$1,632$964$552$310$81
43 years$2,570$1,555$904$510$281$70
44 years$2,483$1,482$849$471$255$61
45 years$2,401$1,413$797$435$232$54
46 years$2,322$1,348$749$402$210$47
47 years$2,247$1,287$703$371$191$41
48 years$2,175$1,228$661$343$174$36
49 years$2,106$1,173$621$317$158$31
50 years$2,041$1,120$584$293$143$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,090,000, adding $2,153 every year, while hoping to spend $29,698 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: 75/20/5 Blend
58$2,090,000$2,090,000$2,090,000$2,090,000
59$2,305,401$2,194,631$2,162,236$2,477,385
60$2,508,953$2,270,569$2,203,072$2,666,639
61$2,732,273$2,349,233$2,244,281$2,869,933
62$2,977,344$2,430,725$2,285,844$3,091,820
63$3,246,354$2,515,151$2,327,741$3,334,127
64$3,541,710$2,602,622$2,369,948$3,598,867
65$3,866,065$2,693,251$2,412,442$3,888,256
66$4,222,343$2,787,160$2,455,198$4,204,733
67$4,613,762$2,884,471$2,498,187$4,550,984
68$5,043,869$2,985,313$2,541,380$4,929,965
69$5,516,571$3,089,821$2,584,744$5,344,932
70$6,036,173$3,198,134$2,628,245$5,799,471
71$6,607,418$3,310,397$2,671,845$6,297,530
72$7,235,529$3,426,761$2,715,507$6,843,456
73$7,926,263$3,547,383$2,759,187$7,442,038
74$8,685,963$3,672,425$2,802,840$8,098,551
75$9,521,615$3,802,058$2,846,419$8,818,802
76$10,440,919$3,936,459$2,889,874$9,609,189
77$11,452,357$4,075,809$2,933,149$10,476,758
78$12,565,276$4,220,302$2,976,187$11,429,272
79$13,789,972$4,370,135$3,018,928$12,475,281
80$15,137,794$4,525,516$3,061,307$13,624,202
81$16,621,242$4,686,660$3,103,254$14,886,410
82$18,254,093$4,853,791$3,144,697$16,273,335
83$20,051,526$5,027,142$3,185,560$17,797,567
84$22,030,265$5,206,955$3,225,760$19,472,976
85$24,208,741$5,393,485$3,265,211$21,314,843
86$26,607,260$5,586,993$3,303,823$23,340,002
87$29,248,198$5,787,753$3,341,499$25,567,001
88$32,156,213$5,996,052$3,378,138$28,016,271
89$35,358,473$6,212,185$3,413,632$30,710,327
90$38,884,917$6,436,462$3,447,868$33,673,970
91$42,768,534$6,669,204$3,480,728$36,934,529
92$47,045,677$6,910,748$3,512,085$40,522,113
93$51,756,403$7,161,442$3,541,807$44,469,897
94$56,944,854$7,421,650$3,569,755$48,814,430
95$62,659,669$7,691,751$3,595,782$53,595,989
96$68,954,449$7,972,140$3,619,734$58,858,947
97$75,888,256$8,263,228$3,641,448$64,652,198
98$83,526,175$8,565,443$3,660,754$71,029,617
99$91,939,928$8,879,233$3,677,472$78,050,565
100$101,208,547$9,205,062$3,691,414$85,780,452