Can I retire at age 59 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$180,022$178,419$176,854$175,327$173,836$167,668
2 years$89,120$87,460$85,852$84,292$82,779$76,631
3 years$58,823$57,156$55,552$54,007$52,519$46,583
4 years$43,678$42,016$40,427$38,909$37,457$31,779
5 years$34,593$32,941$31,373$29,886$28,474$23,070
6 years$28,538$26,899$25,354$23,900$22,530$17,403
7 years$24,215$22,590$21,070$19,649$18,323$13,472
8 years$20,974$19,363$17,869$16,483$15,201$10,622
9 years$18,455$16,859$15,390$14,040$12,801$8,488
10 years$16,441$14,861$13,418$12,103$10,907$6,853
11 years$14,794$13,230$11,813$10,533$9,381$5,577
12 years$13,422$11,874$10,483$9,239$8,129$4,566
13 years$12,263$10,731$9,366$8,157$7,089$3,758
14 years$11,270$9,754$8,416$7,240$6,214$3,104
15 years$10,410$8,910$7,598$6,457$5,471$2,573
16 years$9,658$8,175$6,889$5,782$4,836$2,138
17 years$8,996$7,529$6,269$5,195$4,288$1,781
18 years$8,407$6,957$5,722$4,682$3,812$1,486
19 years$7,882$6,448$5,239$4,230$3,398$1,241
20 years$7,409$5,992$4,808$3,831$3,035$1,038
21 years$6,982$5,581$4,422$3,477$2,716$870
22 years$6,594$5,210$4,076$3,162$2,435$729
23 years$6,241$4,872$3,763$2,879$2,185$611
24 years$5,918$4,565$3,480$2,626$1,964$513
25 years$5,620$4,284$3,223$2,398$1,768$431
26 years$5,347$4,026$2,990$2,193$1,592$362
27 years$5,093$3,789$2,776$2,007$1,435$304
28 years$4,859$3,571$2,581$1,839$1,295$255
29 years$4,641$3,369$2,402$1,686$1,170$215
30 years$4,438$3,181$2,237$1,548$1,057$181
31 years$4,248$3,007$2,086$1,421$955$152
32 years$4,070$2,846$1,946$1,306$864$128
33 years$3,904$2,695$1,817$1,201$782$107
34 years$3,748$2,554$1,698$1,105$708$90
35 years$3,601$2,422$1,587$1,017$641$76
36 years$3,462$2,299$1,485$937$581$64
37 years$3,332$2,184$1,390$863$527$54
38 years$3,208$2,075$1,301$796$478$45
39 years$3,091$1,973$1,219$734$433$38
40 years$2,980$1,878$1,143$677$393$32
41 years$2,875$1,787$1,072$624$356$27
42 years$2,775$1,702$1,005$576$323$23
43 years$2,681$1,622$943$532$293$19
44 years$2,590$1,546$885$491$266$16
45 years$2,504$1,474$831$454$242$14
46 years$2,422$1,406$781$419$220$11
47 years$2,344$1,342$734$387$199$10
48 years$2,269$1,281$689$358$181$8
49 years$2,197$1,223$648$331$164$7
50 years$2,128$1,169$609$306$149$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,180,000, adding $4,188 every year, while hoping to spend $24,634 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: 48/22/30 Blend
58$2,180,000$2,180,000$2,180,000$2,180,000
59$2,406,680$2,291,140$2,257,350$2,501,377
60$2,625,951$2,377,195$2,306,761$2,654,673
61$2,866,762$2,466,642$2,357,001$2,818,329
62$3,131,284$2,559,620$2,408,073$2,995,602
63$3,421,909$2,656,275$2,459,977$3,187,792
64$3,741,271$2,756,760$2,512,714$3,396,326
65$4,092,274$2,861,235$2,566,283$3,622,777
66$4,478,115$2,969,864$2,620,683$3,868,875
67$4,902,317$3,082,822$2,675,910$4,136,522
68$5,368,762$3,200,289$2,731,962$4,427,812
69$5,881,726$3,322,454$2,788,833$4,745,050
70$6,445,922$3,449,513$2,846,518$5,090,771
71$7,066,539$3,581,672$2,905,010$5,467,766
72$7,749,298$3,719,146$2,964,300$5,879,108
73$8,500,500$3,862,158$3,024,378$6,328,179
74$9,327,090$4,010,942$3,085,233$6,818,703
75$10,236,717$4,165,743$3,146,852$7,354,778
76$11,237,811$4,326,813$3,209,221$7,940,918
77$12,339,661$4,494,420$3,272,323$8,582,092
78$13,552,500$4,668,841$3,336,140$9,283,773
79$14,887,607$4,850,366$3,400,652$10,051,986
80$16,357,406$5,039,297$3,465,837$10,893,366
81$17,975,589$5,235,950$3,531,670$11,815,223
82$19,757,244$5,440,656$3,598,126$12,825,604
83$21,718,993$5,653,759$3,665,174$13,933,373
84$23,879,156$5,875,619$3,732,783$15,148,294
85$26,257,918$6,106,612$3,800,919$16,481,119
86$28,877,521$6,347,131$3,869,545$17,943,694
87$31,762,474$6,597,587$3,938,621$19,549,065
88$34,939,785$6,858,407$4,008,103$21,311,604
89$38,439,215$7,130,040$4,077,946$23,247,141
90$42,293,556$7,412,954$4,148,098$25,373,117
91$46,538,947$7,707,637$4,218,508$27,708,742
92$51,215,208$8,014,599$4,289,116$30,275,181
93$56,366,221$8,334,376$4,359,863$33,095,749
94$62,040,339$8,667,524$4,430,682$36,196,133
95$68,290,847$9,014,627$4,501,504$39,604,629
96$75,176,463$9,376,293$4,572,253$43,352,416
97$82,761,889$9,753,159$4,642,852$47,473,842
98$91,118,429$10,145,890$4,713,214$52,006,749
99$100,324,652$10,555,182$4,783,250$56,992,831
100$110,467,143$10,981,762$4,852,865$62,478,026