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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$176,719$175,145$173,609$172,110$170,647$165,052
2 years$87,485$85,855$84,276$82,745$81,260$75,677
3 years$57,744$56,107$54,532$53,016$51,555$46,159
4 years$42,876$41,245$39,686$38,195$36,769$31,601
5 years$33,958$32,337$30,798$29,337$27,951$23,025
6 years$28,015$26,405$24,889$23,461$22,117$17,437
7 years$23,771$22,175$20,683$19,289$17,987$13,552
8 years$20,590$19,008$17,541$16,181$14,922$10,729
9 years$18,116$16,550$15,108$13,783$12,567$8,611
10 years$16,139$14,588$13,171$11,881$10,707$6,983
11 years$14,522$12,987$11,596$10,340$9,209$5,708
12 years$13,176$11,656$10,291$9,069$7,980$4,696
13 years$12,038$10,534$9,194$8,007$6,959$3,883
14 years$11,063$9,575$8,261$7,108$6,100$3,223
15 years$10,219$8,747$7,459$6,339$5,371$2,685
16 years$9,481$8,025$6,762$5,676$4,747$2,243
17 years$8,831$7,391$6,154$5,100$4,209$1,877
18 years$8,253$6,829$5,617$4,596$3,742$1,574
19 years$7,737$6,330$5,142$4,153$3,336$1,322
20 years$7,273$5,882$4,719$3,761$2,979$1,112
21 years$6,854$5,479$4,341$3,413$2,666$936
22 years$6,473$5,114$4,001$3,104$2,390$789
23 years$6,127$4,783$3,694$2,826$2,145$665
24 years$5,809$4,481$3,416$2,578$1,928$562
25 years$5,517$4,206$3,164$2,354$1,735$474
26 years$5,248$3,953$2,935$2,153$1,563$400
27 years$5,000$3,720$2,725$1,970$1,409$338
28 years$4,770$3,505$2,533$1,805$1,271$286
29 years$4,556$3,307$2,358$1,655$1,148$242
30 years$4,356$3,123$2,196$1,519$1,037$205
31 years$4,170$2,952$2,047$1,395$938$173
32 years$3,996$2,793$1,910$1,282$848$146
33 years$3,832$2,645$1,783$1,179$768$124
34 years$3,679$2,507$1,666$1,085$695$105
35 years$3,535$2,378$1,558$999$630$89
36 years$3,399$2,257$1,457$920$570$75
37 years$3,271$2,144$1,364$848$517$64
38 years$3,149$2,037$1,277$781$469$54
39 years$3,034$1,937$1,197$720$425$46
40 years$2,926$1,843$1,122$664$386$39
41 years$2,823$1,754$1,052$613$350$33
42 years$2,725$1,671$987$566$317$28
43 years$2,631$1,592$926$522$288$23
44 years$2,543$1,518$869$482$261$20
45 years$2,458$1,447$816$445$237$17
46 years$2,377$1,381$766$411$216$14
47 years$2,301$1,317$720$380$196$12
48 years$2,227$1,258$677$351$178$10
49 years$2,157$1,201$636$325$161$9
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 $4,071 every year, while hoping to spend $46,466 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: 63/28/9 Blend
58$2,140,000$2,140,000$2,140,000$2,140,000
59$2,362,479$2,249,059$2,215,889$2,506,539
60$2,554,013$2,309,824$2,240,682$2,664,012
61$2,763,525$2,372,008$2,264,748$2,830,097
62$2,992,801$2,435,633$2,288,014$3,010,257
63$3,243,807$2,500,719$2,310,402$3,205,854
64$3,518,706$2,567,285$2,331,831$3,418,388
65$3,819,882$2,635,350$2,352,215$3,649,513
66$4,149,958$2,704,931$2,371,463$3,901,047
67$4,511,827$2,776,045$2,389,481$4,174,994
68$4,908,672$2,848,710$2,406,166$4,473,559
69$5,343,999$2,922,939$2,421,415$4,799,172
70$5,821,670$2,998,746$2,435,116$5,154,507
71$6,345,940$3,076,145$2,447,152$5,542,512
72$6,921,496$3,155,145$2,457,401$5,966,432
73$7,553,498$3,235,757$2,465,734$6,429,841
74$8,247,634$3,317,989$2,472,016$6,936,678
75$9,010,168$3,401,845$2,476,103$7,491,280
76$9,848,000$3,487,331$2,477,848$8,098,426
77$10,768,733$3,574,447$2,477,093$8,763,379
78$11,780,743$3,663,194$2,473,674$9,491,939
79$12,893,256$3,753,568$2,467,420$10,290,495
80$14,116,438$3,845,562$2,458,148$11,166,087
81$15,461,488$3,939,169$2,445,670$12,126,470
82$16,940,747$4,034,375$2,429,787$13,180,189
83$18,567,809$4,131,165$2,410,290$14,336,658
84$20,357,653$4,229,520$2,386,963$15,606,252
85$22,326,784$4,329,416$2,359,575$17,000,400
86$24,493,383$4,430,825$2,327,889$18,531,696
87$26,877,488$4,533,715$2,291,653$20,214,017
88$29,501,174$4,638,049$2,250,605$22,062,655
89$32,388,764$4,743,784$2,204,471$24,094,460
90$35,567,060$4,850,872$2,152,963$26,327,997
91$39,065,594$4,959,258$2,095,781$28,783,725
92$42,916,905$5,068,883$2,032,610$31,484,189
93$47,156,849$5,179,677$1,963,122$34,454,232
94$51,824,932$5,291,566$1,886,972$37,721,227
95$56,964,690$5,404,468$1,803,800$41,315,343
96$62,624,093$5,518,290$1,713,231$45,269,821
97$68,855,997$5,632,934$1,614,872$49,621,293
98$75,718,650$5,748,289$1,508,311$54,410,126
99$83,276,233$5,864,236$1,393,120$59,680,804
100$91,599,469$5,980,643$1,268,850$65,482,349