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%17.2%
1 years$178,371$176,782$175,232$173,719$172,241$167,197
2 years$88,302$86,658$85,064$83,519$82,020$76,978
3 years$58,283$56,632$55,042$53,511$52,037$47,156
4 years$43,277$41,630$40,057$38,552$37,113$32,431
5 years$34,275$32,639$31,085$29,611$28,213$23,742
6 years$28,276$26,652$25,122$23,681$22,324$18,069
7 years$23,993$22,382$20,876$19,469$18,155$14,115
8 years$20,782$19,186$17,705$16,332$15,061$11,235
9 years$18,286$16,705$15,249$13,911$12,684$9,066
10 years$16,290$14,724$13,294$11,992$10,807$7,393
11 years$14,658$13,108$11,704$10,436$9,295$6,079
12 years$13,299$11,765$10,387$9,154$8,055$5,031
13 years$12,150$10,632$9,280$8,082$7,024$4,185
14 years$11,166$9,664$8,338$7,174$6,157$3,496
15 years$10,314$8,829$7,528$6,398$5,421$2,931
16 years$9,570$8,100$6,826$5,729$4,791$2,464
17 years$8,913$7,460$6,211$5,147$4,248$2,076
18 years$8,330$6,893$5,670$4,639$3,777$1,753
19 years$7,809$6,389$5,191$4,191$3,367$1,482
20 years$7,341$5,937$4,764$3,796$3,007$1,255
21 years$6,918$5,530$4,382$3,445$2,691$1,064
22 years$6,534$5,162$4,038$3,133$2,412$903
23 years$6,184$4,828$3,729$2,853$2,165$767
24 years$5,863$4,523$3,448$2,602$1,946$652
25 years$5,569$4,245$3,194$2,376$1,751$554
26 years$5,297$3,990$2,962$2,173$1,578$472
27 years$5,047$3,755$2,751$1,989$1,422$402
28 years$4,814$3,538$2,557$1,822$1,283$342
29 years$4,598$3,338$2,380$1,671$1,159$291
30 years$4,397$3,152$2,216$1,533$1,047$248
31 years$4,209$2,980$2,066$1,408$947$211
32 years$4,033$2,819$1,928$1,294$856$180
33 years$3,868$2,670$1,800$1,190$775$154
34 years$3,713$2,531$1,682$1,095$702$131
35 years$3,568$2,400$1,573$1,008$636$112
36 years$3,431$2,278$1,471$928$576$95
37 years$3,301$2,164$1,377$855$522$81
38 years$3,179$2,056$1,289$788$473$69
39 years$3,063$1,955$1,208$727$429$59
40 years$2,953$1,860$1,132$671$389$50
41 years$2,849$1,771$1,062$619$353$43
42 years$2,750$1,687$996$571$320$37
43 years$2,656$1,607$935$527$291$31
44 years$2,566$1,532$877$487$264$27
45 years$2,481$1,461$824$449$240$23
46 years$2,400$1,393$774$415$218$19
47 years$2,322$1,330$727$384$198$17
48 years$2,248$1,269$683$354$179$14
49 years$2,177$1,212$642$328$163$12
50 years$2,109$1,158$604$303$148$10

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 $6,390 every year, while hoping to spend $46,318 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: 62/19/19 Blend
58$2,160,000$2,160,000$2,160,000$2,160,000
59$2,386,911$2,272,431$2,238,951$2,522,883
60$2,581,094$2,334,498$2,264,674$2,677,388
61$2,793,531$2,398,054$2,289,706$2,840,238
62$3,026,036$2,463,123$2,313,976$3,016,956
63$3,280,604$2,529,729$2,337,407$3,208,894
64$3,559,435$2,597,895$2,359,919$3,417,543
65$3,864,949$2,667,643$2,381,427$3,644,546
66$4,199,812$2,738,996$2,401,844$3,891,711
67$4,566,962$2,811,976$2,421,074$4,161,032
68$4,969,632$2,886,603$2,439,020$4,454,702
69$5,411,385$2,962,897$2,455,578$4,775,140
70$5,896,144$3,040,877$2,470,638$5,125,009
71$6,428,232$3,120,561$2,484,086$5,507,242
72$7,012,410$3,201,967$2,495,801$5,925,073
73$7,653,921$3,285,108$2,505,656$6,382,063
74$8,358,543$3,370,001$2,513,517$6,882,137
75$9,132,641$3,456,657$2,519,246$7,429,616
76$9,983,224$3,545,087$2,522,695$8,029,266
77$10,918,017$3,635,300$2,523,709$8,686,335
78$11,945,528$3,727,304$2,522,127$9,406,606
79$13,075,133$3,821,103$2,517,779$10,196,453
80$14,317,159$3,916,699$2,510,488$11,062,897
81$15,682,986$4,014,094$2,500,065$12,013,677
82$17,185,149$4,113,283$2,486,316$13,057,319
83$18,837,461$4,214,261$2,469,034$14,203,220
84$20,655,141$4,317,019$2,448,006$15,461,733
85$22,654,957$4,421,544$2,423,006$16,844,269
86$24,855,383$4,527,820$2,393,797$18,363,400
87$27,276,776$4,635,827$2,360,133$20,032,983
88$29,941,564$4,745,540$2,321,754$21,868,287
89$32,874,461$4,856,929$2,278,391$23,886,137
90$36,102,698$4,969,960$2,229,758$26,105,078
91$39,656,279$5,084,593$2,175,561$28,545,542
92$43,568,264$5,200,784$2,115,487$31,230,049
93$47,875,085$5,318,479$2,049,213$34,183,415
94$52,616,880$5,437,622$1,976,399$37,432,989
95$57,837,883$5,558,147$1,896,690$41,008,908
96$63,586,832$5,679,981$1,809,714$44,944,386
97$69,917,433$5,803,043$1,715,082$49,276,025
98$76,888,864$5,927,245$1,612,391$54,044,161
99$84,566,336$6,052,488$1,501,214$59,293,247
100$93,021,707$6,178,665$1,381,109$65,072,269