Can I retire at age 59 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$180,848$179,237$177,666$176,132$174,634$169,930
2 years$89,529$87,861$86,245$84,679$83,159$78,453
3 years$59,093$57,418$55,807$54,254$52,759$48,199
4 years$43,878$42,209$40,613$39,087$37,628$33,249
5 years$34,751$33,092$31,517$30,023$28,605$24,418
6 years$28,669$27,022$25,471$24,009$22,634$18,644
7 years$24,326$22,693$21,166$19,739$18,407$14,615
8 years$21,071$19,452$17,951$16,559$15,271$11,673
9 years$18,540$16,937$15,461$14,105$12,860$9,454
10 years$16,516$14,929$13,479$12,158$10,957$7,739
11 years$14,862$13,290$11,867$10,581$9,424$6,388
12 years$13,484$11,929$10,531$9,281$8,166$5,307
13 years$12,319$10,780$9,409$8,194$7,121$4,433
14 years$11,321$9,799$8,454$7,274$6,242$3,719
15 years$10,458$8,951$7,633$6,487$5,496$3,130
16 years$9,703$8,213$6,920$5,808$4,858$2,643
17 years$9,037$7,564$6,297$5,219$4,307$2,237
18 years$8,446$6,989$5,749$4,703$3,830$1,897
19 years$7,918$6,477$5,263$4,250$3,414$1,612
20 years$7,443$6,019$4,830$3,849$3,049$1,371
21 years$7,014$5,607$4,442$3,493$2,729$1,168
22 years$6,625$5,234$4,094$3,176$2,446$996
23 years$6,270$4,895$3,780$2,892$2,195$850
24 years$5,945$4,586$3,496$2,638$1,973$726
25 years$5,646$4,304$3,238$2,409$1,776$620
26 years$5,371$4,045$3,003$2,203$1,599$530
27 years$5,117$3,807$2,789$2,016$1,442$453
28 years$4,881$3,587$2,593$1,847$1,301$388
29 years$4,662$3,384$2,413$1,694$1,175$332
30 years$4,458$3,196$2,247$1,555$1,062$284
31 years$4,267$3,021$2,095$1,428$960$243
32 years$4,089$2,859$1,955$1,312$868$209
33 years$3,922$2,707$1,825$1,207$786$179
34 years$3,765$2,566$1,705$1,110$711$153
35 years$3,617$2,434$1,594$1,022$644$131
36 years$3,478$2,310$1,491$941$584$112
37 years$3,347$2,194$1,396$867$529$96
38 years$3,223$2,085$1,307$799$480$83
39 years$3,105$1,983$1,225$737$435$71
40 years$2,994$1,886$1,148$680$395$61
41 years$2,888$1,795$1,076$627$358$52
42 years$2,788$1,710$1,010$579$325$45
43 years$2,693$1,629$948$534$295$38
44 years$2,602$1,553$889$493$268$33
45 years$2,516$1,481$835$456$243$28
46 years$2,433$1,413$784$421$221$24
47 years$2,354$1,348$737$389$200$21
48 years$2,279$1,287$692$359$182$18
49 years$2,207$1,229$651$332$165$15
50 years$2,138$1,174$612$307$150$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,190,000, adding $5,074 every year, while hoping to spend $21,827 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: 54/27/19 Blend
58$2,190,000$2,190,000$2,190,000$2,190,000
59$2,418,614$2,302,544$2,268,599$2,536,501
60$2,642,089$2,392,145$2,321,373$2,707,352
61$2,887,626$2,485,405$2,375,184$2,890,502
62$3,157,454$2,582,479$2,430,043$3,089,394
63$3,454,027$2,683,533$2,485,961$3,305,538
64$3,780,046$2,788,735$2,542,949$3,540,593
65$4,138,491$2,898,263$2,601,019$3,796,383
66$4,532,644$3,012,305$2,660,179$4,074,916
67$4,966,119$3,131,053$2,720,441$4,378,400
68$5,442,899$3,254,711$2,781,812$4,709,265
69$5,967,374$3,383,490$2,844,301$5,070,185
70$6,544,378$3,517,613$2,907,917$5,464,100
71$7,179,238$3,657,310$2,972,666$5,894,248
72$7,877,826$3,802,824$3,038,556$6,364,193
73$8,646,608$3,954,406$3,105,591$6,877,855
74$9,492,711$4,112,321$3,173,777$7,439,551
75$10,423,987$4,276,844$3,243,119$8,054,033
76$11,449,089$4,448,264$3,313,618$8,726,533
77$12,577,549$4,626,882$3,385,277$9,462,808
78$13,819,873$4,813,013$3,458,098$10,269,200
79$15,187,635$5,006,986$3,532,079$11,152,690
80$16,693,590$5,209,145$3,607,221$12,120,964
81$18,351,793$5,419,849$3,683,519$13,182,489
82$20,177,729$5,639,475$3,760,970$14,346,585
83$22,188,463$5,868,415$3,839,568$15,623,518
84$24,402,799$6,107,081$3,919,307$17,024,591
85$26,841,458$6,355,901$4,000,176$18,562,257
86$29,527,271$6,615,324$4,082,167$20,250,226
87$32,485,398$6,885,821$4,165,266$22,103,601
88$35,743,565$7,167,882$4,249,458$24,139,018
89$39,332,321$7,462,021$4,334,727$26,374,798
90$43,285,332$7,768,775$4,421,055$28,831,123
91$47,639,696$8,088,704$4,508,420$31,530,225
92$52,436,291$8,422,397$4,596,798$34,496,592
93$57,720,165$8,770,467$4,686,163$37,757,199
94$63,540,958$9,133,556$4,776,486$41,341,764
95$69,953,373$9,512,337$4,867,736$45,283,020
96$77,017,688$9,907,513$4,959,876$49,617,033
97$84,800,329$10,319,817$5,052,868$54,383,531
98$93,374,494$10,750,020$5,146,671$59,626,284
99$102,820,847$11,198,926$5,241,239$65,393,511
100$113,228,276$11,667,376$5,336,523$71,738,336