Can I retire at age 59 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$176,719$175,145$173,609$172,110$170,647$164,920
2 years$87,485$85,855$84,276$82,745$81,260$75,547
3 years$57,744$56,107$54,532$53,016$51,555$46,035
4 years$42,876$41,245$39,686$38,195$36,769$31,485
5 years$33,958$32,337$30,798$29,337$27,951$22,916
6 years$28,015$26,405$24,889$23,461$22,117$17,335
7 years$23,771$22,175$20,683$19,289$17,987$13,458
8 years$20,590$19,008$17,541$16,181$14,922$10,642
9 years$18,116$16,550$15,108$13,783$12,567$8,530
10 years$16,139$14,588$13,171$11,881$10,707$6,909
11 years$14,522$12,987$11,596$10,340$9,209$5,640
12 years$13,176$11,656$10,291$9,069$7,980$4,634
13 years$12,038$10,534$9,194$8,007$6,959$3,826
14 years$11,063$9,575$8,261$7,108$6,100$3,172
15 years$10,219$8,747$7,459$6,339$5,371$2,638
16 years$9,481$8,025$6,762$5,676$4,747$2,201
17 years$8,831$7,391$6,154$5,100$4,209$1,839
18 years$8,253$6,829$5,617$4,596$3,742$1,540
19 years$7,737$6,330$5,142$4,153$3,336$1,292
20 years$7,273$5,882$4,719$3,761$2,979$1,085
21 years$6,854$5,479$4,341$3,413$2,666$912
22 years$6,473$5,114$4,001$3,104$2,390$767
23 years$6,127$4,783$3,694$2,826$2,145$646
24 years$5,809$4,481$3,416$2,578$1,928$544
25 years$5,517$4,206$3,164$2,354$1,735$459
26 years$5,248$3,953$2,935$2,153$1,563$387
27 years$5,000$3,720$2,725$1,970$1,409$326
28 years$4,770$3,505$2,533$1,805$1,271$275
29 years$4,556$3,307$2,358$1,655$1,148$233
30 years$4,356$3,123$2,196$1,519$1,037$196
31 years$4,170$2,952$2,047$1,395$938$166
32 years$3,996$2,793$1,910$1,282$848$140
33 years$3,832$2,645$1,783$1,179$768$118
34 years$3,679$2,507$1,666$1,085$695$100
35 years$3,535$2,378$1,558$999$630$84
36 years$3,399$2,257$1,457$920$570$71
37 years$3,271$2,144$1,364$848$517$60
38 years$3,149$2,037$1,277$781$469$51
39 years$3,034$1,937$1,197$720$425$43
40 years$2,926$1,843$1,122$664$386$36
41 years$2,823$1,754$1,052$613$350$31
42 years$2,725$1,671$987$566$317$26
43 years$2,631$1,592$926$522$288$22
44 years$2,543$1,518$869$482$261$19
45 years$2,458$1,447$816$445$237$16
46 years$2,377$1,381$766$411$216$13
47 years$2,301$1,317$720$380$196$11
48 years$2,227$1,258$677$351$178$9
49 years$2,157$1,201$636$325$161$8
50 years$2,089$1,147$598$300$147$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,140,000, adding $4,528 every year, while hoping to spend $49,661 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: 60/11/29 Blend
58$2,140,000$2,140,000$2,140,000$2,140,000
59$2,362,951$2,249,531$2,216,361$2,485,876
60$2,551,133$2,306,919$2,237,770$2,627,729
61$2,756,845$2,365,454$2,258,232$2,776,760
62$2,981,823$2,425,141$2,277,662$2,938,358
63$3,227,978$2,485,982$2,295,973$3,113,759
64$3,497,413$2,547,978$2,313,070$3,304,327
65$3,792,448$2,611,126$2,328,856$3,511,565
66$4,115,631$2,675,426$2,343,227$3,737,130
67$4,469,775$2,740,871$2,356,074$3,982,845
68$4,857,974$2,807,455$2,367,284$4,250,722
69$5,283,635$2,875,169$2,376,736$4,542,979
70$5,750,514$2,944,000$2,384,305$4,862,058
71$6,262,745$3,013,934$2,389,858$5,210,652
72$6,824,882$3,084,954$2,393,255$5,591,729
73$7,441,942$3,157,039$2,394,351$6,008,560
74$8,119,452$3,230,166$2,392,994$6,464,751
75$8,863,498$3,304,306$2,389,021$6,964,274
76$9,680,786$3,379,428$2,382,265$7,511,511
77$10,578,704$3,455,498$2,372,548$8,111,289
78$11,565,390$3,532,475$2,359,686$8,768,928
79$12,649,809$3,610,316$2,343,485$9,490,294
80$13,841,838$3,688,970$2,323,740$10,281,850
81$15,152,359$3,768,383$2,300,239$11,150,723
82$16,593,361$3,848,495$2,272,759$12,104,765
83$18,178,052$3,929,240$2,241,065$13,152,632
84$19,920,985$4,010,544$2,204,912$14,303,865
85$21,838,194$4,092,329$2,164,044$15,568,979
86$23,947,344$4,174,507$2,118,194$16,959,565
87$26,267,899$4,256,983$2,067,079$18,488,397
88$28,821,305$4,339,656$2,010,407$20,169,557
89$31,631,192$4,422,414$1,947,870$22,018,563
90$34,723,597$4,505,135$1,879,146$24,052,521
91$38,127,206$4,587,689$1,803,900$26,290,283
92$41,873,630$4,669,935$1,721,780$28,752,629
93$45,997,700$4,751,721$1,632,419$31,462,460
94$50,537,792$4,832,882$1,535,432$34,445,020
95$55,536,196$4,913,243$1,430,418$37,728,128
96$61,039,510$4,992,613$1,316,959$41,342,448
97$67,099,077$5,070,789$1,194,615$45,321,774
98$73,771,478$5,147,552$1,062,929$49,703,355
99$81,119,054$5,222,667$921,422$54,528,241
100$89,210,504$5,295,885$769,596$59,841,677