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

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$172,590$171,053$169,553$168,089$166,660$160,619
2 years$85,441$83,849$82,307$80,812$79,362$73,342
3 years$56,395$54,797$53,258$51,777$50,350$44,541
4 years$41,874$40,281$38,758$37,302$35,910$30,355
5 years$33,165$31,581$30,078$28,652$27,298$22,013
6 years$27,360$25,788$24,308$22,913$21,600$16,588
7 years$23,215$21,657$20,200$18,838$17,567$12,826
8 years$20,108$18,564$17,131$15,803$14,573$10,101
9 years$17,693$16,163$14,755$13,461$12,273$8,062
10 years$15,762$14,247$12,864$11,603$10,457$6,500
11 years$14,183$12,683$11,325$10,098$8,993$5,283
12 years$12,868$11,384$10,051$8,857$7,794$4,320
13 years$11,757$10,288$8,980$7,820$6,796$3,550
14 years$10,804$9,351$8,068$6,942$5,957$2,929
15 years$9,980$8,543$7,284$6,191$5,245$2,424
16 years$9,259$7,838$6,604$5,543$4,636$2,011
17 years$8,624$7,218$6,010$4,980$4,111$1,673
18 years$8,060$6,670$5,486$4,488$3,655$1,393
19 years$7,556$6,182$5,022$4,056$3,258$1,163
20 years$7,103$5,744$4,609$3,673$2,910$971
21 years$6,694$5,351$4,240$3,334$2,604$812
22 years$6,322$4,995$3,907$3,031$2,334$679
23 years$5,983$4,671$3,608$2,760$2,095$569
24 years$5,673$4,377$3,337$2,518$1,883$477
25 years$5,388$4,107$3,090$2,299$1,695$400
26 years$5,126$3,860$2,866$2,102$1,526$335
27 years$4,883$3,633$2,662$1,924$1,376$281
28 years$4,658$3,423$2,474$1,763$1,242$236
29 years$4,449$3,229$2,302$1,617$1,121$198
30 years$4,254$3,050$2,145$1,484$1,013$166
31 years$4,072$2,883$1,999$1,363$916$140
32 years$3,902$2,728$1,865$1,252$829$117
33 years$3,743$2,584$1,742$1,152$750$98
34 years$3,593$2,449$1,627$1,060$679$83
35 years$3,452$2,322$1,522$975$615$69
36 years$3,319$2,204$1,423$898$557$58
37 years$3,194$2,094$1,332$828$505$49
38 years$3,076$1,990$1,248$763$458$41
39 years$2,964$1,892$1,169$703$415$35
40 years$2,857$1,800$1,096$649$377$29
41 years$2,757$1,714$1,027$599$342$24
42 years$2,661$1,632$964$552$310$21
43 years$2,570$1,555$904$510$281$17
44 years$2,483$1,482$849$471$255$14
45 years$2,401$1,413$797$435$232$12
46 years$2,322$1,348$749$402$210$10
47 years$2,247$1,287$703$371$191$9
48 years$2,175$1,228$661$343$174$7
49 years$2,106$1,173$621$317$158$6
50 years$2,041$1,120$584$293$143$5

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 $2,276 every year, while hoping to spend $56,300 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: 26/46/28 Blend
58$2,090,000$2,090,000$2,090,000$2,090,000
59$2,305,528$2,194,758$2,162,363$2,345,245
60$2,480,789$2,242,398$2,174,899$2,425,715
61$2,672,040$2,290,486$2,185,968$2,507,030
62$2,880,851$2,338,984$2,195,462$2,593,122
63$3,108,955$2,387,850$2,203,267$2,684,434
64$3,358,253$2,437,040$2,209,261$2,781,455
65$3,630,844$2,486,504$2,213,321$2,884,726
66$3,929,036$2,536,188$2,215,313$2,994,844
67$4,255,371$2,586,035$2,215,098$3,112,469
68$4,612,647$2,635,979$2,212,533$3,238,330
69$5,003,947$2,685,952$2,207,463$3,373,233
70$5,432,665$2,735,879$2,199,728$3,518,069
71$5,902,539$2,785,679$2,189,162$3,673,821
72$6,417,687$2,835,266$2,175,587$3,841,575
73$6,982,641$2,884,545$2,158,820$4,022,533
74$7,602,398$2,933,414$2,138,667$4,218,020
75$8,282,456$2,981,766$2,114,926$4,429,502
76$9,028,876$3,029,481$2,087,385$4,658,597
77$9,848,331$3,076,436$2,055,823$4,907,092
78$10,748,173$3,122,494$2,020,006$5,176,962
79$11,736,502$3,167,511$1,979,691$5,470,387
80$12,822,239$3,211,333$1,934,625$5,789,776
81$14,015,213$3,253,794$1,884,540$6,137,787
82$15,326,251$3,294,716$1,829,158$6,517,357
83$16,767,281$3,333,909$1,768,187$6,931,728
84$18,351,445$3,371,173$1,701,323$7,384,480
85$20,093,223$3,406,290$1,628,247$7,879,565
86$22,008,564$3,439,031$1,548,626$8,421,346
87$24,115,044$3,469,150$1,462,112$9,014,640
88$26,432,025$3,496,385$1,368,339$9,664,762
89$28,980,842$3,520,458$1,266,929$10,377,582
90$31,785,000$3,541,073$1,157,483$11,159,576
91$34,870,398$3,557,912$1,039,586$12,017,893
92$38,265,570$3,570,642$912,804$12,960,421
93$42,001,960$3,578,905$776,685$13,995,866
94$46,114,210$3,582,322$630,754$15,133,834
95$50,640,494$3,580,490$474,519$16,384,926
96$55,622,872$3,572,981$307,462$17,760,837
97$61,107,689$3,559,342$129,047$19,274,472
98$67,146,012$3,539,089$0$20,940,067
99$73,794,114$3,511,712$0$22,791,660
100$81,113,996$3,476,669$0$24,870,582