Can I retire at age 59 with 2,100,000?

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 $2,100,000?

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$173,416$171,871$170,364$168,893$167,457$165,433
2 years$85,850$84,251$82,701$81,199$79,741$77,705
3 years$56,665$55,059$53,513$52,025$50,591$48,605
4 years$42,075$40,474$38,944$37,481$36,082$34,161
5 years$33,323$31,732$30,222$28,789$27,429$25,579
6 years$27,491$25,912$24,424$23,023$21,704$19,928
7 years$23,327$21,761$20,296$18,928$17,651$15,949
8 years$20,205$18,653$17,213$15,878$14,643$13,015
9 years$17,778$16,241$14,825$13,525$12,332$10,777
10 years$15,837$14,315$12,925$11,659$10,507$9,025
11 years$14,251$12,744$11,379$10,146$9,037$7,625
12 years$12,930$11,438$10,099$8,900$7,831$6,489
13 years$11,813$10,337$9,023$7,857$6,829$5,555
14 years$10,856$9,396$8,107$6,975$5,986$4,778
15 years$10,028$8,583$7,319$6,220$5,271$4,126
16 years$9,304$7,875$6,636$5,570$4,658$3,576
17 years$8,666$7,253$6,039$5,004$4,130$3,108
18 years$8,099$6,702$5,512$4,510$3,672$2,708
19 years$7,592$6,211$5,046$4,075$3,273$2,364
20 years$7,137$5,772$4,631$3,691$2,924$2,068
21 years$6,726$5,376$4,260$3,350$2,616$1,811
22 years$6,352$5,018$3,926$3,045$2,345$1,589
23 years$6,012$4,694$3,625$2,774$2,105$1,396
24 years$5,700$4,398$3,353$2,530$1,892$1,227
25 years$5,414$4,127$3,105$2,310$1,703$1,080
26 years$5,150$3,879$2,880$2,112$1,534$951
27 years$4,906$3,650$2,674$1,934$1,383$838
28 years$4,680$3,440$2,486$1,772$1,248$739
29 years$4,470$3,245$2,313$1,625$1,127$652
30 years$4,275$3,064$2,155$1,491$1,018$575
31 years$4,092$2,897$2,009$1,369$920$508
32 years$3,921$2,741$1,874$1,258$833$449
33 years$3,761$2,596$1,750$1,157$753$397
34 years$3,610$2,460$1,635$1,065$682$351
35 years$3,469$2,334$1,529$980$618$310
36 years$3,335$2,215$1,430$903$560$274
37 years$3,209$2,104$1,339$832$507$242
38 years$3,090$1,999$1,254$767$460$214
39 years$2,978$1,901$1,174$707$417$190
40 years$2,871$1,809$1,101$652$378$168
41 years$2,770$1,722$1,032$602$343$149
42 years$2,674$1,640$968$555$311$131
43 years$2,582$1,562$909$512$283$116
44 years$2,495$1,489$853$473$257$103
45 years$2,412$1,420$801$437$233$91
46 years$2,333$1,355$752$404$211$81
47 years$2,258$1,293$707$373$192$71
48 years$2,185$1,234$664$345$174$63
49 years$2,116$1,179$624$318$158$56
50 years$2,050$1,126$587$294$144$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,100,000, adding $6,907 every year, while hoping to spend $23,344 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: 64/30/6 Blend
58$2,100,000$2,100,000$2,100,000$2,100,000
59$2,321,325$2,210,025$2,177,475$2,467,120
60$2,533,262$2,293,478$2,225,582$2,648,461
61$2,766,034$2,380,238$2,274,519$2,843,033
62$3,021,743$2,470,443$2,324,288$3,054,919
63$3,302,701$2,564,234$2,374,892$3,285,795
64$3,611,458$2,661,764$2,426,332$3,537,508
65$3,950,822$2,763,186$2,478,610$3,812,087
66$4,323,888$2,868,664$2,531,726$4,111,766
67$4,734,065$2,978,369$2,585,679$4,439,002
68$5,185,107$3,092,476$2,640,467$4,796,500
69$5,681,153$3,211,173$2,696,087$5,187,236
70$6,226,761$3,334,651$2,752,537$5,614,487
71$6,826,955$3,463,113$2,809,811$6,081,857
72$7,487,267$3,596,768$2,867,903$6,593,316
73$8,213,797$3,735,838$2,926,806$7,153,234
74$9,013,262$3,880,552$2,986,511$7,766,420
75$9,893,064$4,031,148$3,047,009$8,438,170
76$10,861,360$4,187,878$3,108,287$9,174,315
77$11,927,137$4,351,003$3,170,333$9,981,274
78$13,100,298$4,520,795$3,233,132$10,866,118
79$14,391,754$4,697,539$3,296,668$11,836,629
80$15,813,528$4,881,534$3,360,922$12,901,381
81$17,378,869$5,073,090$3,425,873$14,069,814
82$19,102,373$5,272,531$3,491,500$15,352,324
83$21,000,127$5,480,197$3,557,777$16,760,361
84$23,089,855$5,696,442$3,624,677$18,306,536
85$25,391,089$5,921,636$3,692,172$20,004,739
86$27,925,349$6,156,165$3,760,229$21,870,268
87$30,716,352$6,400,434$3,828,814$23,919,975
88$33,790,229$6,654,865$3,897,889$26,172,420
89$37,175,777$6,919,898$3,967,413$28,648,049
90$40,904,728$7,195,995$4,037,343$31,369,386
91$45,012,049$7,483,637$4,107,632$34,361,239
92$49,536,269$7,783,327$4,178,229$37,650,939
93$54,519,849$8,095,590$4,249,081$41,268,594
94$60,009,578$8,420,978$4,320,129$45,247,373
95$66,057,012$8,760,064$4,391,311$49,623,817
96$72,718,969$9,113,448$4,462,561$54,438,179
97$80,058,055$9,481,758$4,533,808$59,734,812
98$88,143,264$9,865,651$4,604,978$65,562,574
99$97,050,621$10,265,813$4,675,989$71,975,297
100$106,863,906$10,682,959$4,746,756$79,032,290