Can I retire at age 59 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$178,371$176,782$175,232$173,719$172,241$169,667
2 years$88,302$86,658$85,064$83,519$82,020$79,432
3 years$58,283$56,632$55,042$53,511$52,037$49,516
4 years$43,277$41,630$40,057$38,552$37,113$34,679
5 years$34,275$32,639$31,085$29,611$28,213$25,872
6 years$28,276$26,652$25,122$23,681$22,324$20,080
7 years$23,993$22,382$20,876$19,469$18,155$16,008
8 years$20,782$19,186$17,705$16,332$15,061$13,011
9 years$18,286$16,705$15,249$13,911$12,684$10,729
10 years$16,290$14,724$13,294$11,992$10,807$8,947
11 years$14,658$13,108$11,704$10,436$9,295$7,526
12 years$13,299$11,765$10,387$9,154$8,055$6,376
13 years$12,150$10,632$9,280$8,082$7,024$5,433
14 years$11,166$9,664$8,338$7,174$6,157$4,652
15 years$10,314$8,829$7,528$6,398$5,421$3,998
16 years$9,570$8,100$6,826$5,729$4,791$3,448
17 years$8,913$7,460$6,211$5,147$4,248$2,982
18 years$8,330$6,893$5,670$4,639$3,777$2,585
19 years$7,809$6,389$5,191$4,191$3,367$2,245
20 years$7,341$5,937$4,764$3,796$3,007$1,954
21 years$6,918$5,530$4,382$3,445$2,691$1,703
22 years$6,534$5,162$4,038$3,133$2,412$1,486
23 years$6,184$4,828$3,729$2,853$2,165$1,298
24 years$5,863$4,523$3,448$2,602$1,946$1,135
25 years$5,569$4,245$3,194$2,376$1,751$993
26 years$5,297$3,990$2,962$2,173$1,578$870
27 years$5,047$3,755$2,751$1,989$1,422$762
28 years$4,814$3,538$2,557$1,822$1,283$668
29 years$4,598$3,338$2,380$1,671$1,159$586
30 years$4,397$3,152$2,216$1,533$1,047$514
31 years$4,209$2,980$2,066$1,408$947$452
32 years$4,033$2,819$1,928$1,294$856$397
33 years$3,868$2,670$1,800$1,190$775$348
34 years$3,713$2,531$1,682$1,095$702$306
35 years$3,568$2,400$1,573$1,008$636$269
36 years$3,431$2,278$1,471$928$576$237
37 years$3,301$2,164$1,377$855$522$208
38 years$3,179$2,056$1,289$788$473$183
39 years$3,063$1,955$1,208$727$429$161
40 years$2,953$1,860$1,132$671$389$141
41 years$2,849$1,771$1,062$619$353$124
42 years$2,750$1,687$996$571$320$109
43 years$2,656$1,607$935$527$291$96
44 years$2,566$1,532$877$487$264$85
45 years$2,481$1,461$824$449$240$75
46 years$2,400$1,393$774$415$218$66
47 years$2,322$1,330$727$384$198$58
48 years$2,248$1,269$683$354$179$51
49 years$2,177$1,212$642$328$163$45
50 years$2,109$1,158$604$303$148$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,160,000, adding $3,578 every year, while hoping to spend $32,480 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: 70/13/17 Blend
58$2,160,000$2,160,000$2,160,000$2,160,000
59$2,384,011$2,269,531$2,236,051$2,541,077
60$2,592,621$2,346,179$2,276,400$2,722,733
61$2,821,422$2,425,495$2,317,012$2,917,272
62$3,072,437$2,507,574$2,357,862$3,129,369
63$3,347,897$2,592,517$2,398,922$3,360,754
64$3,650,260$2,680,428$2,440,163$3,613,330
65$3,982,231$2,771,413$2,481,554$3,889,195
66$4,346,792$2,865,586$2,523,059$4,190,658
67$4,747,227$2,963,062$2,564,644$4,520,262
68$5,187,154$3,063,962$2,606,269$4,880,808
69$5,670,558$3,168,410$2,647,894$5,275,379
70$6,201,830$3,276,538$2,689,474$5,707,374
71$6,785,808$3,388,480$2,730,962$6,180,533
72$7,427,821$3,504,375$2,772,309$6,698,978
73$8,133,739$3,624,370$2,813,462$7,267,249
74$8,910,031$3,748,615$2,854,364$7,890,347
75$9,763,825$3,877,268$2,894,956$8,573,780
76$10,702,973$4,010,492$2,935,175$9,323,617
77$11,736,126$4,148,455$2,974,953$10,146,543
78$12,872,815$4,291,335$3,014,219$11,049,923
79$14,123,545$4,439,313$3,052,898$12,041,870
80$15,499,887$4,592,579$3,090,910$13,131,324
81$17,014,592$4,751,332$3,128,171$14,328,132
82$18,681,708$4,915,775$3,164,593$15,643,144
83$20,516,717$5,086,122$3,200,081$17,088,315
84$22,536,675$5,262,595$3,234,537$18,676,815
85$24,760,377$5,445,424$3,267,855$20,423,156
86$27,208,533$5,634,847$3,299,926$22,343,327
87$29,903,963$5,831,114$3,330,633$24,454,945
88$32,871,811$6,034,483$3,359,854$26,777,421
89$36,139,786$6,245,223$3,387,459$29,332,142
90$39,738,419$6,463,613$3,413,313$32,142,675
91$43,701,351$6,689,944$3,437,273$35,234,986
92$48,065,656$6,924,518$3,459,189$38,637,688
93$52,872,183$7,167,650$3,478,902$42,382,307
94$58,165,947$7,419,665$3,496,246$46,503,584
95$63,996,549$7,680,905$3,511,046$51,039,797
96$70,418,650$7,951,722$3,523,119$56,033,127
97$77,492,480$8,232,484$3,532,271$61,530,053
98$85,284,412$8,523,575$3,538,301$67,581,790
99$93,867,583$8,825,391$3,540,995$74,244,776
100$103,322,589$9,138,347$3,540,130$81,581,198