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%18.3%
1 years$178,371$176,782$175,232$173,719$172,241$166,461
2 years$88,302$86,658$85,064$83,519$82,020$76,254
3 years$58,283$56,632$55,042$53,511$52,037$46,465
4 years$43,277$41,630$40,057$38,552$37,113$31,779
5 years$34,275$32,639$31,085$29,611$28,213$23,130
6 years$28,276$26,652$25,122$23,681$22,324$17,497
7 years$23,993$22,382$20,876$19,469$18,155$13,584
8 years$20,782$19,186$17,705$16,332$15,061$10,741
9 years$18,286$16,705$15,249$13,911$12,684$8,610
10 years$16,290$14,724$13,294$11,992$10,807$6,973
11 years$14,658$13,108$11,704$10,436$9,295$5,693
12 years$13,299$11,765$10,387$9,154$8,055$4,677
13 years$12,150$10,632$9,280$8,082$7,024$3,862
14 years$11,166$9,664$8,338$7,174$6,157$3,202
15 years$10,314$8,829$7,528$6,398$5,421$2,663
16 years$9,570$8,100$6,826$5,729$4,791$2,221
17 years$8,913$7,460$6,211$5,147$4,248$1,857
18 years$8,330$6,893$5,670$4,639$3,777$1,555
19 years$7,809$6,389$5,191$4,191$3,367$1,304
20 years$7,341$5,937$4,764$3,796$3,007$1,095
21 years$6,918$5,530$4,382$3,445$2,691$920
22 years$6,534$5,162$4,038$3,133$2,412$774
23 years$6,184$4,828$3,729$2,853$2,165$652
24 years$5,863$4,523$3,448$2,602$1,946$549
25 years$5,569$4,245$3,194$2,376$1,751$463
26 years$5,297$3,990$2,962$2,173$1,578$391
27 years$5,047$3,755$2,751$1,989$1,422$329
28 years$4,814$3,538$2,557$1,822$1,283$278
29 years$4,598$3,338$2,380$1,671$1,159$235
30 years$4,397$3,152$2,216$1,533$1,047$198
31 years$4,209$2,980$2,066$1,408$947$167
32 years$4,033$2,819$1,928$1,294$856$141
33 years$3,868$2,670$1,800$1,190$775$119
34 years$3,713$2,531$1,682$1,095$702$101
35 years$3,568$2,400$1,573$1,008$636$85
36 years$3,431$2,278$1,471$928$576$72
37 years$3,301$2,164$1,377$855$522$61
38 years$3,179$2,056$1,289$788$473$51
39 years$3,063$1,955$1,208$727$429$43
40 years$2,953$1,860$1,132$671$389$37
41 years$2,849$1,771$1,062$619$353$31
42 years$2,750$1,687$996$571$320$26
43 years$2,656$1,607$935$527$291$22
44 years$2,566$1,532$877$487$264$19
45 years$2,481$1,461$824$449$240$16
46 years$2,400$1,393$774$415$218$13
47 years$2,322$1,330$727$384$198$11
48 years$2,248$1,269$683$354$179$10
49 years$2,177$1,212$642$328$163$8
50 years$2,109$1,158$604$303$148$7

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 $6,953 every year, while hoping to spend $40,295 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: 54/32/14 Blend
58$2,160,000$2,160,000$2,160,000$2,160,000
59$2,387,492$2,273,012$2,239,532$2,507,250
60$2,588,143$2,341,516$2,271,683$2,658,077
61$2,807,909$2,412,026$2,303,560$2,817,238
62$3,048,699$2,484,598$2,335,112$2,989,559
63$3,312,612$2,559,290$2,366,284$3,176,299
64$3,601,962$2,636,159$2,397,019$3,378,848
65$3,919,297$2,715,265$2,427,254$3,598,732
66$4,267,423$2,796,671$2,456,924$3,837,633
67$4,649,431$2,880,439$2,485,962$4,097,402
68$5,068,726$2,966,633$2,514,295$4,380,076
69$5,529,059$3,055,321$2,541,846$4,687,898
70$6,034,559$3,146,568$2,568,535$5,023,338
71$6,589,780$3,240,445$2,594,276$5,389,115
72$7,199,733$3,337,023$2,618,980$5,788,222
73$7,869,942$3,436,373$2,642,552$6,223,959
74$8,606,491$3,538,571$2,664,893$6,699,955
75$9,416,084$3,643,691$2,685,897$7,220,211
76$10,306,104$3,751,812$2,705,454$7,789,130
77$11,284,688$3,863,012$2,723,449$8,411,564
78$12,360,800$3,977,373$2,739,758$9,092,858
79$13,544,314$4,094,977$2,754,253$9,838,897
80$14,846,113$4,215,910$2,766,799$10,656,165
81$16,278,184$4,340,257$2,777,254$11,551,805
82$17,853,736$4,468,107$2,785,469$12,533,685
83$19,587,323$4,599,549$2,791,288$13,610,474
84$21,494,979$4,734,676$2,794,545$14,791,720
85$23,594,373$4,873,582$2,795,069$16,087,946
86$25,904,973$5,016,361$2,792,677$17,510,741
87$28,448,229$5,163,112$2,787,181$19,072,876
88$31,247,777$5,313,933$2,778,380$20,788,421
89$34,329,661$5,468,926$2,766,067$22,672,878
90$37,722,577$5,628,195$2,750,021$24,743,326
91$41,458,146$5,791,842$2,730,013$27,018,585
92$45,571,211$5,959,977$2,705,802$29,519,391
93$50,100,165$6,132,707$2,677,137$32,268,590
94$55,087,315$6,310,142$2,643,754$35,291,358
95$60,579,277$6,492,394$2,605,376$38,615,433
96$66,627,420$6,679,579$2,561,713$42,271,380
97$73,288,349$6,871,811$2,512,462$46,292,879
98$80,624,439$7,069,207$2,457,308$50,717,042
99$88,704,421$7,271,887$2,395,917$55,584,762
100$97,604,034$7,479,972$2,327,942$60,941,100