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%15.5%
1 years$176,719$175,145$173,609$172,110$170,647$166,792
2 years$87,485$85,855$84,276$82,745$81,260$77,398
3 years$57,744$56,107$54,532$53,016$51,555$47,805
4 years$42,876$41,245$39,686$38,195$36,769$33,161
5 years$33,958$32,337$30,798$29,337$27,951$24,494
6 years$28,015$26,405$24,889$23,461$22,117$18,815
7 years$23,771$22,175$20,683$19,289$17,987$14,841
8 years$20,590$19,008$17,541$16,181$14,922$11,930
9 years$18,116$16,550$15,108$13,783$12,567$9,727
10 years$16,139$14,588$13,171$11,881$10,707$8,017
11 years$14,522$12,987$11,596$10,340$9,209$6,663
12 years$13,176$11,656$10,291$9,069$7,980$5,576
13 years$12,038$10,534$9,194$8,007$6,959$4,692
14 years$11,063$9,575$8,261$7,108$6,100$3,966
15 years$10,219$8,747$7,459$6,339$5,371$3,364
16 years$9,481$8,025$6,762$5,676$4,747$2,863
17 years$8,831$7,391$6,154$5,100$4,209$2,442
18 years$8,253$6,829$5,617$4,596$3,742$2,088
19 years$7,737$6,330$5,142$4,153$3,336$1,789
20 years$7,273$5,882$4,719$3,761$2,979$1,534
21 years$6,854$5,479$4,341$3,413$2,666$1,318
22 years$6,473$5,114$4,001$3,104$2,390$1,133
23 years$6,127$4,783$3,694$2,826$2,145$975
24 years$5,809$4,481$3,416$2,578$1,928$840
25 years$5,517$4,206$3,164$2,354$1,735$724
26 years$5,248$3,953$2,935$2,153$1,563$625
27 years$5,000$3,720$2,725$1,970$1,409$539
28 years$4,770$3,505$2,533$1,805$1,271$466
29 years$4,556$3,307$2,358$1,655$1,148$402
30 years$4,356$3,123$2,196$1,519$1,037$347
31 years$4,170$2,952$2,047$1,395$938$300
32 years$3,996$2,793$1,910$1,282$848$260
33 years$3,832$2,645$1,783$1,179$768$224
34 years$3,679$2,507$1,666$1,085$695$194
35 years$3,535$2,378$1,558$999$630$168
36 years$3,399$2,257$1,457$920$570$145
37 years$3,271$2,144$1,364$848$517$126
38 years$3,149$2,037$1,277$781$469$109
39 years$3,034$1,937$1,197$720$425$94
40 years$2,926$1,843$1,122$664$386$81
41 years$2,823$1,754$1,052$613$350$70
42 years$2,725$1,671$987$566$317$61
43 years$2,631$1,592$926$522$288$53
44 years$2,543$1,518$869$482$261$46
45 years$2,458$1,447$816$445$237$40
46 years$2,377$1,381$766$411$216$34
47 years$2,301$1,317$720$380$196$30
48 years$2,227$1,258$677$351$178$26
49 years$2,157$1,201$636$325$161$22
50 years$2,089$1,147$598$300$147$19

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 $4,037 every year, while hoping to spend $44,641 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: 59/31/10 Blend
58$2,140,000$2,140,000$2,140,000$2,140,000
59$2,362,444$2,249,024$2,215,854$2,496,055
60$2,555,916$2,311,729$2,242,588$2,649,067
61$2,767,625$2,376,010$2,268,720$2,810,438
62$2,999,386$2,441,897$2,294,185$2,985,304
63$3,253,194$2,509,421$2,318,912$3,174,963
64$3,531,249$2,578,611$2,342,824$3,380,850
65$3,835,971$2,649,498$2,365,844$3,604,538
66$4,170,028$2,722,111$2,387,887$3,847,764
67$4,536,357$2,796,481$2,408,867$4,112,438
68$4,938,192$2,872,635$2,428,691$4,400,663
69$5,379,097$2,950,603$2,447,261$4,714,755
70$5,862,996$3,030,414$2,464,476$5,057,266
71$6,394,213$3,112,096$2,480,227$5,431,003
72$6,977,510$3,195,675$2,494,402$5,839,060
73$7,618,131$3,281,179$2,506,880$6,284,845
74$8,321,858$3,368,634$2,517,537$6,772,111
75$9,095,054$3,458,064$2,526,242$7,304,991
76$9,944,734$3,549,494$2,532,855$7,888,039
77$10,878,624$3,642,946$2,537,233$8,526,272
78$11,905,236$3,738,443$2,539,223$9,225,214
79$13,033,948$3,836,004$2,538,664$9,990,954
80$14,275,091$3,935,648$2,535,390$10,830,197
81$15,640,049$4,037,394$2,529,224$11,750,334
82$17,141,362$4,141,254$2,519,982$12,759,503
83$18,792,850$4,247,244$2,507,469$13,866,674
84$20,609,736$4,355,375$2,491,485$15,081,728
85$22,608,795$4,465,654$2,471,815$16,415,553
86$24,808,509$4,578,088$2,448,238$17,880,144
87$27,229,242$4,692,680$2,420,520$19,488,720
88$29,893,434$4,809,430$2,388,417$21,255,845
89$32,825,808$4,928,336$2,351,672$23,197,566
90$36,053,607$5,049,391$2,310,019$25,331,566
91$39,606,847$5,172,583$2,263,177$27,677,331
92$43,518,604$5,297,899$2,210,853$30,256,329
93$47,825,325$5,425,318$2,152,739$33,092,219
94$52,567,167$5,554,818$2,088,515$36,211,073
95$57,788,382$5,686,369$2,017,844$39,641,616
96$63,537,731$5,819,935$1,940,376$43,415,504
97$69,868,945$5,955,476$1,855,744$47,567,622
98$76,841,228$6,092,946$1,763,562$52,136,409
99$84,519,823$6,232,290$1,663,431$57,164,225
100$92,976,619$6,373,446$1,554,930$62,697,749