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%16.3%
1 years$172,590$171,053$169,553$168,089$166,660$162,367
2 years$85,441$83,849$82,307$80,812$79,362$75,066
3 years$56,395$54,797$53,258$51,777$50,350$46,185
4 years$41,874$40,281$38,758$37,302$35,910$31,908
5 years$33,165$31,581$30,078$28,652$27,298$23,470
6 years$27,360$25,788$24,308$22,913$21,600$17,950
7 years$23,215$21,657$20,200$18,838$17,567$14,094
8 years$20,108$18,564$17,131$15,803$14,573$11,277
9 years$17,693$16,163$14,755$13,461$12,273$9,150
10 years$15,762$14,247$12,864$11,603$10,457$7,504
11 years$14,183$12,683$11,325$10,098$8,993$6,206
12 years$12,868$11,384$10,051$8,857$7,794$5,166
13 years$11,757$10,288$8,980$7,820$6,796$4,324
14 years$10,804$9,351$8,068$6,942$5,957$3,635
15 years$9,980$8,543$7,284$6,191$5,245$3,066
16 years$9,259$7,838$6,604$5,543$4,636$2,594
17 years$8,624$7,218$6,010$4,980$4,111$2,200
18 years$8,060$6,670$5,486$4,488$3,655$1,870
19 years$7,556$6,182$5,022$4,056$3,258$1,592
20 years$7,103$5,744$4,609$3,673$2,910$1,358
21 years$6,694$5,351$4,240$3,334$2,604$1,159
22 years$6,322$4,995$3,907$3,031$2,334$991
23 years$5,983$4,671$3,608$2,760$2,095$847
24 years$5,673$4,377$3,337$2,518$1,883$725
25 years$5,388$4,107$3,090$2,299$1,695$621
26 years$5,126$3,860$2,866$2,102$1,526$532
27 years$4,883$3,633$2,662$1,924$1,376$457
28 years$4,658$3,423$2,474$1,763$1,242$392
29 years$4,449$3,229$2,302$1,617$1,121$336
30 years$4,254$3,050$2,145$1,484$1,013$288
31 years$4,072$2,883$1,999$1,363$916$248
32 years$3,902$2,728$1,865$1,252$829$213
33 years$3,743$2,584$1,742$1,152$750$183
34 years$3,593$2,449$1,627$1,060$679$157
35 years$3,452$2,322$1,522$975$615$135
36 years$3,319$2,204$1,423$898$557$116
37 years$3,194$2,094$1,332$828$505$100
38 years$3,076$1,990$1,248$763$458$86
39 years$2,964$1,892$1,169$703$415$73
40 years$2,857$1,800$1,096$649$377$63
41 years$2,757$1,714$1,027$599$342$54
42 years$2,661$1,632$964$552$310$47
43 years$2,570$1,555$904$510$281$40
44 years$2,483$1,482$849$471$255$34
45 years$2,401$1,413$797$435$232$30
46 years$2,322$1,348$749$402$210$25
47 years$2,247$1,287$703$371$191$22
48 years$2,175$1,228$661$343$174$19
49 years$2,106$1,173$621$317$158$16
50 years$2,041$1,120$584$293$143$14

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 $6,073 every year, while hoping to spend $20,005 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: 65/21/14 Blend
58$2,090,000$2,090,000$2,090,000$2,090,000
59$2,309,444$2,198,674$2,166,279$2,451,531
60$2,523,722$2,285,124$2,217,564$2,633,722
61$2,759,186$2,375,140$2,269,897$2,829,841
62$3,017,976$2,468,874$2,323,292$3,043,643
63$3,302,449$2,566,488$2,377,761$3,276,853
64$3,615,203$2,668,150$2,433,320$3,531,372
65$3,959,098$2,774,034$2,489,980$3,809,289
66$4,337,287$2,884,323$2,547,756$4,112,905
67$4,753,244$2,999,209$2,606,660$4,444,752
68$5,210,796$3,118,891$2,666,704$4,807,616
69$5,714,159$3,243,578$2,727,900$5,204,567
70$6,267,978$3,373,488$2,790,260$5,638,980
71$6,877,373$3,508,850$2,853,794$6,114,576
72$7,547,983$3,649,902$2,918,514$6,635,447
73$8,286,022$3,796,892$2,984,430$7,206,101
74$9,098,338$3,950,081$3,051,550$7,831,502
75$9,992,475$4,109,742$3,119,883$8,517,116
76$10,976,746$4,276,158$3,189,438$9,268,960
77$12,060,312$4,449,627$3,260,222$10,093,663
78$13,253,266$4,630,461$3,332,241$10,998,524
79$14,566,729$4,818,983$3,405,501$11,991,582
80$16,012,956$5,015,535$3,480,007$13,081,692
81$17,605,452$5,220,471$3,555,762$14,278,604
82$19,359,097$5,434,162$3,632,768$15,593,061
83$21,290,287$5,656,998$3,711,028$17,036,892
84$23,417,090$5,889,385$3,790,541$18,623,129
85$25,759,416$6,131,747$3,871,307$20,366,128
86$28,339,202$6,384,529$3,953,322$22,281,700
87$31,180,626$6,648,196$4,036,583$24,387,264
88$34,310,326$6,923,233$4,121,084$26,702,008
89$37,757,657$7,210,150$4,206,818$29,247,071
90$41,554,967$7,509,477$4,293,777$32,045,739
91$45,737,904$7,821,771$4,381,948$35,123,667
92$50,345,746$8,147,614$4,471,319$38,509,118
93$55,421,780$8,487,614$4,561,876$42,233,229
94$61,013,703$8,842,409$4,653,600$46,330,305
95$67,174,077$9,212,663$4,746,473$50,838,139
96$73,960,825$9,599,076$4,840,471$55,798,371
97$81,437,773$10,002,374$4,935,571$61,256,877
98$89,675,257$10,423,322$5,031,744$67,264,205
99$98,750,786$10,862,718$5,128,960$73,876,044
100$108,749,771$11,321,396$5,227,186$81,153,755