Can I retire at age 59 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$177,545$175,964$174,421$172,915$171,444$168,120
2 years$87,894$86,257$84,670$83,132$81,640$78,305
3 years$58,014$56,370$54,787$53,263$51,796$48,553
4 years$43,077$41,438$39,871$38,373$36,941$33,816
5 years$34,117$32,488$30,942$29,474$28,082$25,083
6 years$28,145$26,529$25,005$23,571$22,220$19,351
7 years$23,882$22,279$20,780$19,379$18,071$15,333
8 years$20,686$19,097$17,623$16,257$14,992$12,383
9 years$18,201$16,627$15,178$13,847$12,625$10,145
10 years$16,215$14,656$13,233$11,936$10,757$8,402
11 years$14,590$13,048$11,650$10,388$9,252$7,020
12 years$13,238$11,711$10,339$9,112$8,017$5,905
13 years$12,094$10,583$9,237$8,044$6,991$4,995
14 years$11,115$9,620$8,300$7,141$6,128$4,245
15 years$10,267$8,788$7,494$6,368$5,396$3,621
16 years$9,525$8,063$6,794$5,702$4,769$3,099
17 years$8,872$7,425$6,182$5,123$4,229$2,659
18 years$8,292$6,861$5,644$4,617$3,760$2,287
19 years$7,773$6,359$5,166$4,172$3,351$1,970
20 years$7,307$5,909$4,742$3,779$2,993$1,700
21 years$6,886$5,504$4,361$3,429$2,679$1,470
22 years$6,504$5,138$4,020$3,118$2,401$1,272
23 years$6,155$4,805$3,711$2,840$2,155$1,101
24 years$5,836$4,502$3,432$2,590$1,937$955
25 years$5,543$4,225$3,179$2,365$1,743$828
26 years$5,273$3,971$2,948$2,163$1,570$719
27 years$5,023$3,737$2,738$1,980$1,416$625
28 years$4,792$3,522$2,545$1,814$1,277$543
29 years$4,577$3,322$2,369$1,663$1,153$472
30 years$4,376$3,137$2,206$1,526$1,042$410
31 years$4,189$2,966$2,057$1,402$942$357
32 years$4,014$2,806$1,919$1,288$852$311
33 years$3,850$2,658$1,792$1,185$771$270
34 years$3,696$2,519$1,674$1,090$698$235
35 years$3,551$2,389$1,565$1,003$633$205
36 years$3,415$2,268$1,464$924$573$179
37 years$3,286$2,154$1,370$852$519$156
38 years$3,164$2,047$1,283$785$471$135
39 years$3,049$1,946$1,202$724$427$118
40 years$2,939$1,852$1,127$667$387$103
41 years$2,836$1,763$1,057$616$351$90
42 years$2,737$1,679$991$568$319$78
43 years$2,644$1,599$930$525$289$68
44 years$2,555$1,525$873$484$263$59
45 years$2,470$1,454$820$447$238$52
46 years$2,389$1,387$770$413$217$45
47 years$2,311$1,324$723$382$197$39
48 years$2,237$1,264$680$353$179$34
49 years$2,167$1,207$639$326$162$30
50 years$2,099$1,153$601$301$147$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,150,000, adding $3,858 every year, while hoping to spend $59,934 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: 42/50/8 Blend
58$2,150,000$2,150,000$2,150,000$2,150,000
59$2,373,280$2,259,330$2,226,005$2,467,234
60$2,551,585$2,306,267$2,236,806$2,580,017
61$2,746,068$2,353,496$2,245,961$2,695,701
62$2,958,317$2,400,968$2,253,351$2,819,593
63$3,190,078$2,448,628$2,258,851$2,952,463
64$3,443,274$2,496,419$2,262,330$3,095,161
65$3,720,022$2,544,277$2,263,653$3,248,621
66$4,022,653$2,592,135$2,262,673$3,413,876
67$4,353,732$2,639,918$2,259,242$3,592,061
68$4,716,086$2,687,547$2,253,199$3,784,429
69$5,112,825$2,734,936$2,244,380$3,992,362
70$5,547,377$2,781,991$2,232,610$4,217,383
71$6,023,513$2,828,612$2,217,706$4,461,170
72$6,545,390$2,874,693$2,199,478$4,725,576
73$7,117,584$2,920,117$2,177,725$5,012,641
74$7,745,135$2,964,761$2,152,236$5,324,615
75$8,433,596$3,008,491$2,122,793$5,663,982
76$9,189,081$3,051,165$2,089,165$6,033,477
77$10,018,326$3,092,631$2,051,111$6,436,118
78$10,928,751$3,132,726$2,008,379$6,875,234
79$11,928,529$3,171,275$1,960,705$7,354,494
80$13,026,663$3,208,091$1,907,812$7,877,945
81$14,233,072$3,242,977$1,849,413$8,450,050
82$15,558,681$3,275,719$1,785,205$9,075,729
83$17,015,529$3,306,091$1,714,871$9,760,410
84$18,616,875$3,333,852$1,638,082$10,510,076
85$20,377,331$3,358,745$1,554,492$11,331,326
86$22,312,991$3,380,496$1,463,740$12,231,438
87$24,441,590$3,398,814$1,365,449$13,218,434
88$26,782,665$3,413,388$1,259,224$14,301,164
89$29,357,742$3,423,890$1,144,653$15,489,384
90$32,190,540$3,429,969$1,021,307$16,793,851
91$35,307,189$3,431,252$888,736$18,226,430
92$38,736,484$3,427,344$746,469$19,800,200
93$42,510,147$3,417,825$594,018$21,529,585
94$46,663,133$3,402,251$430,869$23,430,486
95$51,233,959$3,380,147$256,489$25,520,440
96$56,265,061$3,351,012$70,319$27,818,778
97$61,803,200$3,314,314$0$30,346,816
98$67,899,901$3,269,491$0$33,139,015
99$74,611,938$3,215,943$0$36,217,445
100$82,001,870$3,153,038$0$39,604,723