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%19.8%
1 years$180,022$178,419$176,854$175,327$173,836$167,005
2 years$89,120$87,460$85,852$84,292$82,779$75,980
3 years$58,823$57,156$55,552$54,007$52,519$45,966
4 years$43,678$42,016$40,427$38,909$37,457$31,201
5 years$34,593$32,941$31,373$29,886$28,474$22,531
6 years$28,538$26,899$25,354$23,900$22,530$16,903
7 years$24,215$22,590$21,070$19,649$18,323$13,010
8 years$20,974$19,363$17,869$16,483$15,201$10,197
9 years$18,455$16,859$15,390$14,040$12,801$8,099
10 years$16,441$14,861$13,418$12,103$10,907$6,497
11 years$14,794$13,230$11,813$10,533$9,381$5,253
12 years$13,422$11,874$10,483$9,239$8,129$4,273
13 years$12,263$10,731$9,366$8,157$7,089$3,492
14 years$11,270$9,754$8,416$7,240$6,214$2,865
15 years$10,410$8,910$7,598$6,457$5,471$2,357
16 years$9,658$8,175$6,889$5,782$4,836$1,945
17 years$8,996$7,529$6,269$5,195$4,288$1,608
18 years$8,407$6,957$5,722$4,682$3,812$1,331
19 years$7,882$6,448$5,239$4,230$3,398$1,104
20 years$7,409$5,992$4,808$3,831$3,035$916
21 years$6,982$5,581$4,422$3,477$2,716$762
22 years$6,594$5,210$4,076$3,162$2,435$633
23 years$6,241$4,872$3,763$2,879$2,185$527
24 years$5,918$4,565$3,480$2,626$1,964$439
25 years$5,620$4,284$3,223$2,398$1,768$365
26 years$5,347$4,026$2,990$2,193$1,592$304
27 years$5,093$3,789$2,776$2,007$1,435$254
28 years$4,859$3,571$2,581$1,839$1,295$212
29 years$4,641$3,369$2,402$1,686$1,170$176
30 years$4,438$3,181$2,237$1,548$1,057$147
31 years$4,248$3,007$2,086$1,421$955$123
32 years$4,070$2,846$1,946$1,306$864$102
33 years$3,904$2,695$1,817$1,201$782$85
34 years$3,748$2,554$1,698$1,105$708$71
35 years$3,601$2,422$1,587$1,017$641$59
36 years$3,462$2,299$1,485$937$581$50
37 years$3,332$2,184$1,390$863$527$41
38 years$3,208$2,075$1,301$796$478$35
39 years$3,091$1,973$1,219$734$433$29
40 years$2,980$1,878$1,143$677$393$24
41 years$2,875$1,787$1,072$624$356$20
42 years$2,775$1,702$1,005$576$323$17
43 years$2,681$1,622$943$532$293$14
44 years$2,590$1,546$885$491$266$12
45 years$2,504$1,474$831$454$242$10
46 years$2,422$1,406$781$419$220$8
47 years$2,344$1,342$734$387$199$7
48 years$2,269$1,281$689$358$181$6
49 years$2,197$1,223$648$331$164$5
50 years$2,128$1,169$609$306$149$4

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 $6,260 every year, while hoping to spend $50,337 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: 53/41/6 Blend
58$2,180,000$2,180,000$2,180,000$2,180,000
59$2,408,817$2,293,277$2,259,487$2,532,828
60$2,600,958$2,352,090$2,281,622$2,676,288
61$2,811,011$2,412,097$2,302,811$2,826,222
62$3,040,748$2,473,304$2,322,970$2,988,110
63$3,292,124$2,535,715$2,342,009$3,163,089
64$3,567,289$2,599,333$2,359,834$3,352,409
65$3,868,610$2,664,159$2,376,346$3,557,449
66$4,198,696$2,730,190$2,391,442$3,779,725
67$4,560,419$2,797,425$2,405,011$4,020,906
68$4,956,942$2,865,859$2,416,938$4,282,831
69$5,391,747$2,935,483$2,427,103$4,567,523
70$5,868,673$3,006,289$2,435,378$4,877,212
71$6,391,944$3,078,264$2,441,630$5,214,352
72$6,966,216$3,151,393$2,445,718$5,581,647
73$7,596,616$3,225,657$2,447,496$5,982,076
74$8,288,791$3,301,035$2,446,808$6,418,917
75$9,048,965$3,377,502$2,443,492$6,895,784
76$9,883,989$3,455,030$2,437,380$7,416,658
77$10,801,415$3,533,586$2,428,291$7,985,924
78$11,809,561$3,613,132$2,416,040$8,608,411
79$12,917,588$3,693,628$2,400,429$9,289,443
80$14,135,593$3,775,027$2,381,255$10,034,882
81$15,474,698$3,857,278$2,358,301$10,851,191
82$16,947,156$3,940,323$2,331,343$11,745,486
83$18,566,466$4,024,099$2,300,143$12,725,611
84$20,347,503$4,108,537$2,264,456$13,800,209
85$22,306,655$4,193,562$2,224,021$14,978,802
86$24,461,976$4,279,089$2,178,569$16,271,884
87$26,833,362$4,365,029$2,127,815$17,691,018
88$29,442,732$4,451,282$2,071,463$19,248,946
89$32,314,237$4,537,741$2,009,204$20,959,708
90$35,474,488$4,624,289$1,940,711$22,838,776
91$38,952,807$4,710,801$1,865,646$24,903,202
92$42,781,502$4,797,139$1,783,654$27,171,775
93$46,996,173$4,883,156$1,694,364$29,665,200
94$51,636,045$4,968,693$1,597,388$32,406,296
95$56,744,341$5,053,579$1,492,320$35,420,210
96$62,368,689$5,137,629$1,378,737$38,734,653
97$68,561,567$5,220,645$1,256,197$42,380,163
98$75,380,804$5,302,413$1,124,236$46,390,396
99$82,890,120$5,382,706$982,373$50,802,441
100$91,159,732$5,461,279$830,102$55,657,172