Can I retire at age 59 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$179,197$177,600$176,043$174,523$173,039$168,174
2 years$88,711$87,059$85,458$83,905$82,399$77,535
3 years$58,553$56,894$55,297$53,759$52,278$47,566
4 years$43,477$41,823$40,242$38,730$37,285$32,763
5 years$34,434$32,790$31,229$29,749$28,343$24,023
6 years$28,407$26,775$25,238$23,790$22,427$18,312
7 years$24,104$22,486$20,973$19,559$18,239$14,330
8 years$20,878$19,275$17,787$16,408$15,131$11,426
9 years$18,370$16,782$15,320$13,976$12,743$9,237
10 years$16,365$14,793$13,356$12,047$10,857$7,547
11 years$14,726$13,169$11,758$10,485$9,338$6,217
12 years$13,361$11,820$10,435$9,196$8,092$5,155
13 years$12,207$10,682$9,323$8,119$7,056$4,297
14 years$11,218$9,709$8,377$7,207$6,185$3,598
15 years$10,362$8,870$7,563$6,428$5,446$3,022
16 years$9,614$8,138$6,857$5,755$4,813$2,546
17 years$8,954$7,494$6,240$5,171$4,268$2,150
18 years$8,369$6,925$5,696$4,660$3,795$1,819
19 years$7,846$6,418$5,215$4,211$3,382$1,542
20 years$7,375$5,964$4,786$3,814$3,021$1,309
21 years$6,950$5,555$4,402$3,461$2,704$1,112
22 years$6,564$5,186$4,057$3,147$2,423$946
23 years$6,212$4,850$3,746$2,866$2,175$805
24 years$5,890$4,544$3,464$2,614$1,955$686
25 years$5,595$4,265$3,209$2,387$1,759$585
26 years$5,322$4,008$2,976$2,183$1,585$499
27 years$5,070$3,772$2,763$1,998$1,429$426
28 years$4,836$3,554$2,569$1,831$1,289$363
29 years$4,619$3,353$2,391$1,679$1,164$310
30 years$4,417$3,167$2,227$1,541$1,052$265
31 years$4,228$2,994$2,076$1,415$951$226
32 years$4,052$2,832$1,937$1,300$860$193
33 years$3,886$2,682$1,808$1,196$779$165
34 years$3,731$2,542$1,690$1,100$705$141
35 years$3,584$2,411$1,580$1,013$638$121
36 years$3,446$2,289$1,478$933$578$103
37 years$3,316$2,174$1,383$859$524$88
38 years$3,193$2,066$1,295$792$475$75
39 years$3,077$1,964$1,214$730$431$65
40 years$2,967$1,869$1,138$674$391$55
41 years$2,862$1,779$1,067$622$355$47
42 years$2,763$1,694$1,001$574$322$40
43 years$2,668$1,614$939$530$292$35
44 years$2,578$1,539$881$489$265$30
45 years$2,493$1,467$827$452$241$25
46 years$2,411$1,400$777$417$219$22
47 years$2,333$1,336$730$385$198$18
48 years$2,258$1,275$686$356$180$16
49 years$2,187$1,218$645$329$164$14
50 years$2,119$1,163$606$304$149$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,170,000, adding $2,384 every year, while hoping to spend $45,907 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: 66/24/10 Blend
58$2,170,000$2,170,000$2,170,000$2,170,000
59$2,393,799$2,278,789$2,245,154$2,546,600
60$2,589,122$2,341,605$2,271,522$2,711,431
61$2,802,829$2,405,960$2,297,235$2,885,851
62$3,036,747$2,471,882$2,322,222$3,075,294
63$3,292,888$2,539,397$2,346,409$3,281,222
64$3,573,467$2,608,531$2,369,717$3,505,246
65$3,880,922$2,679,311$2,392,065$3,749,137
66$4,217,942$2,751,763$2,413,365$4,014,848
67$4,587,484$2,825,912$2,433,524$4,304,527
68$4,992,808$2,901,782$2,452,448$4,620,542
69$5,437,503$2,979,398$2,470,033$4,965,498
70$5,925,522$3,058,783$2,486,174$5,342,266
71$6,461,222$3,139,959$2,500,757$5,754,009
72$7,049,399$3,222,950$2,513,665$6,204,208
73$7,695,338$3,307,774$2,524,773$6,696,699
74$8,404,860$3,394,453$2,533,950$7,235,709
75$9,184,378$3,483,003$2,541,060$7,825,892
76$10,040,956$3,573,442$2,545,957$8,472,376
77$10,982,379$3,665,786$2,548,492$9,180,810
78$12,017,220$3,760,048$2,548,505$9,957,418
79$13,154,925$3,856,239$2,545,829$10,809,056
80$14,405,903$3,954,371$2,540,290$11,743,280
81$15,781,620$4,054,450$2,531,704$12,768,410
82$17,294,709$4,156,481$2,519,880$13,893,619
83$18,959,089$4,260,468$2,504,616$15,129,009
84$20,790,096$4,366,411$2,485,700$16,485,713
85$22,804,626$4,474,306$2,462,912$17,975,997
86$25,021,298$4,584,147$2,436,019$19,613,376
87$27,460,625$4,695,924$2,404,780$21,412,743
88$30,145,208$4,809,624$2,368,939$23,390,508
89$33,099,951$4,925,228$2,328,231$25,564,752
90$36,352,297$5,042,714$2,282,377$27,955,399
91$39,932,480$5,162,057$2,231,086$30,584,404
92$43,873,818$5,283,222$2,174,053$33,475,960
93$48,213,022$5,406,174$2,110,958$36,656,725
94$52,990,543$5,530,870$2,041,467$40,156,076
95$58,250,954$5,657,258$1,965,232$44,006,383
96$64,043,372$5,785,284$1,881,888$48,243,318
97$70,421,917$5,914,884$1,791,052$52,906,189
98$77,446,226$6,045,987$1,692,326$58,038,313
99$85,182,015$6,178,515$1,585,293$63,687,422
100$93,701,697$6,312,379$1,469,517$69,906,119