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%19.4%
1 years$180,022$178,419$176,854$175,327$173,836$167,270
2 years$89,120$87,460$85,852$84,292$82,779$76,240
3 years$58,823$57,156$55,552$54,007$52,519$46,212
4 years$43,678$42,016$40,427$38,909$37,457$31,431
5 years$34,593$32,941$31,373$29,886$28,474$22,745
6 years$28,538$26,899$25,354$23,900$22,530$17,101
7 years$24,215$22,590$21,070$19,649$18,323$13,193
8 years$20,974$19,363$17,869$16,483$15,201$10,365
9 years$18,455$16,859$15,390$14,040$12,801$8,252
10 years$16,441$14,861$13,418$12,103$10,907$6,637
11 years$14,794$13,230$11,813$10,533$9,381$5,380
12 years$13,422$11,874$10,483$9,239$8,129$4,388
13 years$12,263$10,731$9,366$8,157$7,089$3,596
14 years$11,270$9,754$8,416$7,240$6,214$2,958
15 years$10,410$8,910$7,598$6,457$5,471$2,442
16 years$9,658$8,175$6,889$5,782$4,836$2,020
17 years$8,996$7,529$6,269$5,195$4,288$1,675
18 years$8,407$6,957$5,722$4,682$3,812$1,391
19 years$7,882$6,448$5,239$4,230$3,398$1,157
20 years$7,409$5,992$4,808$3,831$3,035$963
21 years$6,982$5,581$4,422$3,477$2,716$803
22 years$6,594$5,210$4,076$3,162$2,435$670
23 years$6,241$4,872$3,763$2,879$2,185$559
24 years$5,918$4,565$3,480$2,626$1,964$467
25 years$5,620$4,284$3,223$2,398$1,768$390
26 years$5,347$4,026$2,990$2,193$1,592$326
27 years$5,093$3,789$2,776$2,007$1,435$273
28 years$4,859$3,571$2,581$1,839$1,295$228
29 years$4,641$3,369$2,402$1,686$1,170$191
30 years$4,438$3,181$2,237$1,548$1,057$160
31 years$4,248$3,007$2,086$1,421$955$134
32 years$4,070$2,846$1,946$1,306$864$112
33 years$3,904$2,695$1,817$1,201$782$94
34 years$3,748$2,554$1,698$1,105$708$78
35 years$3,601$2,422$1,587$1,017$641$66
36 years$3,462$2,299$1,485$937$581$55
37 years$3,332$2,184$1,390$863$527$46
38 years$3,208$2,075$1,301$796$478$39
39 years$3,091$1,973$1,219$734$433$32
40 years$2,980$1,878$1,143$677$393$27
41 years$2,875$1,787$1,072$624$356$23
42 years$2,775$1,702$1,005$576$323$19
43 years$2,681$1,622$943$532$293$16
44 years$2,590$1,546$885$491$266$13
45 years$2,504$1,474$831$454$242$11
46 years$2,422$1,406$781$419$220$9
47 years$2,344$1,342$734$387$199$8
48 years$2,269$1,281$689$358$181$7
49 years$2,197$1,223$648$331$164$5
50 years$2,128$1,169$609$306$149$5

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 $4,041 every year, while hoping to spend $57,633 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: 45/26/29 Blend
58$2,180,000$2,180,000$2,180,000$2,180,000
59$2,406,528$2,290,988$2,257,198$2,494,473
60$2,590,673$2,341,926$2,271,493$2,608,444
61$2,791,669$2,393,427$2,284,336$2,726,145
62$3,011,174$2,445,460$2,295,616$2,852,706
63$3,251,014$2,497,987$2,305,219$2,988,988
64$3,513,197$2,550,968$2,313,023$3,135,938
65$3,799,936$2,604,359$2,318,902$3,294,605
66$4,113,666$2,658,110$2,322,723$3,466,144
67$4,457,071$2,712,168$2,324,345$3,651,827
68$4,833,103$2,766,475$2,323,621$3,853,060
69$5,245,015$2,820,967$2,320,397$4,071,392
70$5,696,388$2,875,576$2,314,512$4,308,533
71$6,191,167$2,930,227$2,305,796$4,566,367
72$6,733,696$2,984,838$2,294,071$4,846,974
73$7,328,762$3,039,324$2,279,150$5,152,647
74$7,981,633$3,093,588$2,260,839$5,485,915
75$8,698,114$3,147,529$2,238,933$5,849,568
76$9,484,602$3,201,038$2,213,216$6,246,684
77$10,348,138$3,253,995$2,183,466$6,680,655
78$11,296,482$3,306,275$2,149,447$7,155,226
79$12,338,182$3,357,741$2,110,912$7,674,523
80$13,482,653$3,408,247$2,067,604$8,243,099
81$14,740,269$3,457,636$2,019,253$8,865,975
82$16,122,456$3,505,740$1,965,578$9,548,687
83$17,641,805$3,552,380$1,906,283$10,297,343
84$19,312,185$3,597,363$1,841,060$11,118,674
85$21,148,878$3,640,484$1,769,586$12,020,107
86$23,168,720$3,681,523$1,691,523$13,009,830
87$25,390,259$3,720,248$1,606,518$14,096,871
88$27,833,932$3,756,407$1,514,204$15,291,188
89$30,522,257$3,789,735$1,414,193$16,603,758
90$33,480,043$3,819,947$1,306,085$18,046,687
91$36,734,625$3,846,743$1,189,456$19,633,322
92$40,316,123$3,869,799$1,063,869$21,378,380
93$44,257,722$3,888,774$928,863$23,298,087
94$48,595,989$3,903,303$783,960$25,410,334
95$53,371,215$3,912,999$628,657$27,734,846
96$58,627,794$3,917,452$462,432$30,293,369
97$64,414,645$3,916,223$284,740$33,109,879
98$70,785,670$3,908,848$95,009$36,210,810
99$77,800,262$3,894,836$0$39,625,302
100$85,523,867$3,873,662$0$43,418,735