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%15%
1 years$173,416$171,871$170,364$168,893$167,457$164,009
2 years$85,850$84,251$82,701$81,199$79,741$76,283
3 years$56,665$55,059$53,513$52,025$50,591$47,231
4 years$42,075$40,474$38,944$37,481$36,082$32,845
5 years$33,323$31,732$30,222$28,789$27,429$24,325
6 years$27,491$25,912$24,424$23,023$21,704$18,736
7 years$23,327$21,761$20,296$18,928$17,651$14,820
8 years$20,205$18,653$17,213$15,878$14,643$11,948
9 years$17,778$16,241$14,825$13,525$12,332$9,771
10 years$15,837$14,315$12,925$11,659$10,507$8,078
11 years$14,251$12,744$11,379$10,146$9,037$6,736
12 years$12,930$11,438$10,099$8,900$7,831$5,655
13 years$11,813$10,337$9,023$7,857$6,829$4,774
14 years$10,856$9,396$8,107$6,975$5,986$4,049
15 years$10,028$8,583$7,319$6,220$5,271$3,447
16 years$9,304$7,875$6,636$5,570$4,658$2,944
17 years$8,666$7,253$6,039$5,004$4,130$2,520
18 years$8,099$6,702$5,512$4,510$3,672$2,163
19 years$7,592$6,211$5,046$4,075$3,273$1,859
20 years$7,137$5,772$4,631$3,691$2,924$1,601
21 years$6,726$5,376$4,260$3,350$2,616$1,380
22 years$6,352$5,018$3,926$3,045$2,345$1,192
23 years$6,012$4,694$3,625$2,774$2,105$1,030
24 years$5,700$4,398$3,353$2,530$1,892$891
25 years$5,414$4,127$3,105$2,310$1,703$771
26 years$5,150$3,879$2,880$2,112$1,534$667
27 years$4,906$3,650$2,674$1,934$1,383$578
28 years$4,680$3,440$2,486$1,772$1,248$501
29 years$4,470$3,245$2,313$1,625$1,127$435
30 years$4,275$3,064$2,155$1,491$1,018$377
31 years$4,092$2,897$2,009$1,369$920$327
32 years$3,921$2,741$1,874$1,258$833$284
33 years$3,761$2,596$1,750$1,157$753$247
34 years$3,610$2,460$1,635$1,065$682$214
35 years$3,469$2,334$1,529$980$618$186
36 years$3,335$2,215$1,430$903$560$162
37 years$3,209$2,104$1,339$832$507$140
38 years$3,090$1,999$1,254$767$460$122
39 years$2,978$1,901$1,174$707$417$106
40 years$2,871$1,809$1,101$652$378$92
41 years$2,770$1,722$1,032$602$343$80
42 years$2,674$1,640$968$555$311$70
43 years$2,582$1,562$909$512$283$61
44 years$2,495$1,489$853$473$257$53
45 years$2,412$1,420$801$437$233$46
46 years$2,333$1,355$752$404$211$40
47 years$2,258$1,293$707$373$192$35
48 years$2,185$1,234$664$345$174$30
49 years$2,116$1,179$624$318$158$26
50 years$2,050$1,126$587$294$144$23

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 $4,794 every year, while hoping to spend $27,352 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: 25/46/29 Blend
58$2,100,000$2,100,000$2,100,000$2,100,000
59$2,319,145$2,207,845$2,175,295$2,355,981
60$2,526,595$2,286,927$2,219,065$2,466,379
61$2,754,289$2,368,967$2,263,385$2,582,032
62$3,004,262$2,454,082$2,308,243$2,705,471
63$3,278,757$2,542,392$2,353,630$2,837,366
64$3,580,244$2,634,023$2,399,530$2,978,457
65$3,911,445$2,729,107$2,445,930$3,129,551
66$4,275,358$2,827,778$2,492,815$3,291,536
67$4,675,285$2,930,181$2,540,165$3,465,385
68$5,114,867$3,036,462$2,587,963$3,652,166
69$5,598,111$3,146,776$2,636,187$3,853,052
70$6,129,434$3,261,284$2,684,815$4,069,330
71$6,713,702$3,380,152$2,733,822$4,302,415
72$7,356,275$3,503,556$2,783,181$4,553,859
73$8,063,061$3,631,676$2,832,864$4,825,370
74$8,840,568$3,764,702$2,882,839$5,118,821
75$9,695,965$3,902,832$2,933,073$5,436,273
76$10,637,152$4,046,270$2,983,530$5,779,992
77$11,672,835$4,195,230$3,034,172$6,152,467
78$12,812,605$4,349,937$3,084,957$6,556,436
79$14,067,028$4,510,622$3,135,841$6,994,910
80$15,447,751$4,677,528$3,186,777$7,471,200
81$16,967,603$4,850,908$3,237,716$7,988,948
82$18,640,721$5,031,025$3,288,602$8,552,158
83$20,482,684$5,218,155$3,339,379$9,165,240
84$22,510,656$5,412,583$3,389,987$9,833,041
85$24,743,551$5,614,608$3,440,360$10,560,898
86$27,202,211$5,824,541$3,490,430$11,354,682
87$29,909,602$6,042,709$3,540,124$12,220,855
88$32,891,028$6,269,448$3,589,365$13,166,530
89$36,174,375$6,505,114$3,638,071$14,199,534
90$39,790,370$6,750,073$3,686,155$15,328,485
91$43,772,872$7,004,711$3,733,526$16,562,869
92$48,159,192$7,269,429$3,780,086$17,913,130
93$52,990,443$7,544,644$3,825,732$19,390,766
94$58,311,931$7,830,794$3,870,357$21,008,437
95$64,173,579$8,128,334$3,913,845$22,780,082
96$70,630,401$8,437,739$3,956,075$24,721,051
97$77,743,018$8,759,505$3,996,921$26,848,246
98$85,578,235$9,094,150$4,036,246$29,180,280
99$94,209,665$9,442,213$4,073,911$31,737,654
100$103,718,428$9,804,259$4,109,764$34,542,943