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%14.7%
1 years$179,197$177,600$176,043$174,523$173,039$169,684
2 years$88,711$87,059$85,458$83,905$82,399$79,033
3 years$58,553$56,894$55,297$53,759$52,278$49,005
4 years$43,477$41,823$40,242$38,730$37,285$34,131
5 years$34,434$32,790$31,229$29,749$28,343$25,317
6 years$28,407$26,775$25,238$23,790$22,427$19,532
7 years$24,104$22,486$20,973$19,559$18,239$15,475
8 years$20,878$19,275$17,787$16,408$15,131$12,498
9 years$18,370$16,782$15,320$13,976$12,743$10,239
10 years$16,365$14,793$13,356$12,047$10,857$8,481
11 years$14,726$13,169$11,758$10,485$9,338$7,085
12 years$13,361$11,820$10,435$9,196$8,092$5,960
13 years$12,207$10,682$9,323$8,119$7,056$5,042
14 years$11,218$9,709$8,377$7,207$6,185$4,285
15 years$10,362$8,870$7,563$6,428$5,446$3,655
16 years$9,614$8,138$6,857$5,755$4,813$3,128
17 years$8,954$7,494$6,240$5,171$4,268$2,684
18 years$8,369$6,925$5,696$4,660$3,795$2,308
19 years$7,846$6,418$5,215$4,211$3,382$1,989
20 years$7,375$5,964$4,786$3,814$3,021$1,716
21 years$6,950$5,555$4,402$3,461$2,704$1,483
22 years$6,564$5,186$4,057$3,147$2,423$1,283
23 years$6,212$4,850$3,746$2,866$2,175$1,112
24 years$5,890$4,544$3,464$2,614$1,955$964
25 years$5,595$4,265$3,209$2,387$1,759$836
26 years$5,322$4,008$2,976$2,183$1,585$726
27 years$5,070$3,772$2,763$1,998$1,429$630
28 years$4,836$3,554$2,569$1,831$1,289$548
29 years$4,619$3,353$2,391$1,679$1,164$476
30 years$4,417$3,167$2,227$1,541$1,052$414
31 years$4,228$2,994$2,076$1,415$951$360
32 years$4,052$2,832$1,937$1,300$860$314
33 years$3,886$2,682$1,808$1,196$779$273
34 years$3,731$2,542$1,690$1,100$705$238
35 years$3,584$2,411$1,580$1,013$638$207
36 years$3,446$2,289$1,478$933$578$180
37 years$3,316$2,174$1,383$859$524$157
38 years$3,193$2,066$1,295$792$475$137
39 years$3,077$1,964$1,214$730$431$119
40 years$2,967$1,869$1,138$674$391$104
41 years$2,862$1,779$1,067$622$355$90
42 years$2,763$1,694$1,001$574$322$79
43 years$2,668$1,614$939$530$292$69
44 years$2,578$1,539$881$489$265$60
45 years$2,493$1,467$827$452$241$52
46 years$2,411$1,400$777$417$219$45
47 years$2,333$1,336$730$385$198$40
48 years$2,258$1,275$686$356$180$35
49 years$2,187$1,218$645$329$164$30
50 years$2,119$1,163$606$304$149$26

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 $2,892 every year, while hoping to spend $44,433 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: 44/47/9 Blend
58$2,170,000$2,170,000$2,170,000$2,170,000
59$2,394,323$2,279,313$2,245,678$2,493,399
60$2,591,268$2,343,723$2,273,632$2,626,815
61$2,806,811$2,409,800$2,301,033$2,766,560
62$3,042,804$2,477,578$2,327,816$2,917,005
63$3,301,284$2,547,094$2,353,912$3,079,149
64$3,584,495$2,618,381$2,379,247$3,254,092
65$3,894,907$2,691,475$2,403,745$3,443,040
66$4,235,242$2,766,411$2,427,325$3,647,324
67$4,608,497$2,843,226$2,449,901$3,868,408
68$5,017,974$2,921,955$2,471,383$4,107,900
69$5,467,309$3,002,632$2,491,677$4,367,573
70$5,960,508$3,085,295$2,510,681$4,649,377
71$6,501,982$3,169,976$2,528,291$4,955,460
72$7,096,592$3,256,713$2,544,397$5,288,185
73$7,749,692$3,345,539$2,558,881$5,650,154
74$8,467,179$3,436,489$2,571,622$6,044,234
75$9,255,551$3,529,596$2,582,491$6,473,578
76$10,121,965$3,624,895$2,591,353$6,941,662
77$11,074,307$3,722,417$2,598,065$7,452,313
78$12,121,266$3,822,194$2,602,479$8,009,745
79$13,272,411$3,924,258$2,604,439$8,618,600
80$14,538,289$4,028,639$2,603,779$9,283,991
81$15,930,518$4,135,365$2,600,329$10,011,549
82$17,461,897$4,244,464$2,593,906$10,807,479
83$19,146,531$4,355,963$2,584,322$11,678,614
84$20,999,958$4,469,887$2,571,378$12,632,483
85$23,039,300$4,586,257$2,554,866$13,677,380
86$25,283,421$4,705,096$2,534,566$14,822,442
87$27,753,107$4,826,423$2,510,251$16,077,736
88$30,471,261$4,950,255$2,481,681$17,454,353
89$33,463,117$5,076,605$2,448,606$18,964,514
90$36,756,482$5,205,486$2,410,761$20,621,682
91$40,381,994$5,336,906$2,367,872$22,440,693
92$44,373,414$5,470,870$2,319,652$24,437,892
93$48,767,940$5,607,381$2,265,799$26,631,290
94$53,606,565$5,746,437$2,205,998$29,040,733
95$58,934,454$5,888,032$2,139,918$31,688,087
96$64,801,378$6,032,156$2,067,216$34,597,449
97$71,262,181$6,178,794$1,987,530$37,795,370
98$78,377,294$6,327,925$1,900,482$41,311,109
99$86,213,309$6,479,524$1,805,679$45,176,904
100$94,843,606$6,633,560$1,702,709$49,428,283