Can I retire at age 59 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$175,893$174,327$172,798$171,306$169,849$165,074
2 years$87,076$85,454$83,883$82,359$80,881$76,106
3 years$57,474$55,845$54,278$52,768$51,314$46,690
4 years$42,676$41,052$39,500$38,016$36,598$32,159
5 years$33,799$32,185$30,654$29,200$27,821$23,580
6 years$27,884$26,282$24,773$23,352$22,014$17,975
7 years$23,660$22,071$20,586$19,199$17,903$14,066
8 years$20,493$18,919$17,459$16,105$14,852$11,215
9 years$18,032$16,473$15,037$13,718$12,508$9,067
10 years$16,064$14,520$13,110$11,825$10,657$7,408
11 years$14,455$12,926$11,542$10,291$9,166$6,103
12 years$13,115$11,602$10,243$9,027$7,943$5,060
13 years$11,982$10,485$9,151$7,969$6,926$4,218
14 years$11,011$9,530$8,223$7,074$6,071$3,531
15 years$10,171$8,706$7,424$6,309$5,346$2,966
16 years$9,437$7,988$6,731$5,649$4,725$2,499
17 years$8,789$7,356$6,125$5,076$4,189$2,111
18 years$8,215$6,798$5,591$4,574$3,725$1,786
19 years$7,701$6,300$5,118$4,133$3,320$1,514
20 years$7,239$5,854$4,697$3,743$2,966$1,285
21 years$6,822$5,453$4,321$3,397$2,654$1,092
22 years$6,443$5,090$3,982$3,089$2,379$929
23 years$6,098$4,761$3,677$2,813$2,135$791
24 years$5,782$4,460$3,400$2,566$1,919$674
25 years$5,491$4,186$3,150$2,343$1,727$574
26 years$5,224$3,934$2,921$2,143$1,556$490
27 years$4,977$3,702$2,712$1,961$1,403$418
28 years$4,747$3,489$2,522$1,797$1,266$357
29 years$4,534$3,291$2,347$1,648$1,143$305
30 years$4,336$3,108$2,186$1,512$1,033$260
31 years$4,150$2,938$2,038$1,389$934$222
32 years$3,977$2,780$1,901$1,276$844$190
33 years$3,815$2,633$1,775$1,174$764$162
34 years$3,662$2,495$1,659$1,080$692$139
35 years$3,518$2,367$1,551$994$627$119
36 years$3,383$2,247$1,451$916$568$101
37 years$3,255$2,134$1,358$844$515$87
38 years$3,135$2,028$1,271$778$467$74
39 years$3,020$1,928$1,191$717$423$63
40 years$2,912$1,835$1,117$661$384$54
41 years$2,809$1,746$1,047$610$348$46
42 years$2,712$1,663$982$563$316$40
43 years$2,619$1,585$922$520$287$34
44 years$2,531$1,510$865$480$260$29
45 years$2,447$1,440$812$443$236$25
46 years$2,366$1,374$763$409$215$21
47 years$2,290$1,311$717$378$195$18
48 years$2,217$1,252$674$350$177$16
49 years$2,147$1,195$633$323$161$13
50 years$2,080$1,142$595$299$146$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,130,000, adding $6,779 every year, while hoping to spend $51,004 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: 57/27/16 Blend
58$2,130,000$2,130,000$2,130,000$2,130,000
59$2,354,253$2,241,363$2,208,348$2,478,257
60$2,540,118$2,296,921$2,228,059$2,618,703
61$2,743,233$2,353,493$2,246,722$2,765,528
62$2,965,302$2,411,074$2,264,247$2,924,360
63$3,208,204$2,469,657$2,280,539$3,096,362
64$3,474,005$2,529,235$2,295,502$3,282,815
65$3,764,983$2,589,797$2,309,031$3,485,128
66$4,083,644$2,651,330$2,321,016$3,704,855
67$4,432,750$2,713,819$2,331,344$3,943,707
68$4,815,341$2,777,246$2,339,894$4,203,569
69$5,234,765$2,841,590$2,346,540$4,486,517
70$5,694,710$2,906,828$2,351,149$4,794,840
71$6,199,239$2,972,931$2,353,580$5,131,058
72$6,752,825$3,039,868$2,353,689$5,497,949
73$7,360,397$3,107,606$2,351,322$5,898,573
74$8,027,383$3,176,104$2,346,317$6,336,303
75$8,759,763$3,245,319$2,338,505$6,814,855
76$9,564,123$3,315,205$2,327,709$7,338,323
77$10,447,720$3,385,706$2,313,744$7,911,220
78$11,418,548$3,456,767$2,296,415$8,538,519
79$12,485,414$3,528,321$2,275,518$9,225,700
80$13,658,017$3,600,301$2,250,840$9,978,802
81$14,947,048$3,672,628$2,222,156$10,804,480
82$16,364,281$3,745,221$2,189,232$11,710,068
83$17,922,690$3,817,989$2,151,824$12,703,651
84$19,636,568$3,890,835$2,109,674$13,794,136
85$21,521,663$3,963,651$2,062,513$14,991,341
86$23,595,326$4,036,323$2,010,060$16,306,086
87$25,876,674$4,108,727$1,952,022$17,750,296
88$28,386,771$4,180,731$1,888,090$19,337,112
89$31,148,823$4,252,188$1,817,943$21,081,019
90$34,188,402$4,322,945$1,741,244$22,997,981
91$37,533,685$4,392,834$1,657,641$25,105,589
92$41,215,715$4,461,677$1,566,766$27,423,234
93$45,268,700$4,529,282$1,468,235$29,972,285
94$49,730,333$4,595,442$1,361,646$32,776,293
95$54,642,145$4,659,937$1,246,580$35,861,215
96$60,049,901$4,722,531$1,122,597$39,255,658
97$66,004,027$4,782,972$989,241$42,991,150
98$72,560,089$4,840,988$846,031$47,102,438
99$79,779,313$4,896,292$692,469$51,627,819
100$87,729,169$4,948,576$528,032$56,609,498