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%12.5%
1 years$180,848$179,237$177,666$176,132$174,634$172,810
2 years$89,529$87,861$86,245$84,679$83,159$81,322
3 years$59,093$57,418$55,807$54,254$52,759$50,967
4 years$43,878$42,209$40,613$39,087$37,628$35,894
5 years$34,751$33,092$31,517$30,023$28,605$26,933
6 years$28,669$27,022$25,471$24,009$22,634$21,027
7 years$24,326$22,693$21,166$19,739$18,407$16,867
8 years$21,071$19,452$17,951$16,559$15,271$13,796
9 years$18,540$16,937$15,461$14,105$12,860$11,450
10 years$16,516$14,929$13,479$12,158$10,957$9,612
11 years$14,862$13,290$11,867$10,581$9,424$8,141
12 years$13,484$11,929$10,531$9,281$8,166$6,946
13 years$12,319$10,780$9,409$8,194$7,121$5,961
14 years$11,321$9,799$8,454$7,274$6,242$5,141
15 years$10,458$8,951$7,633$6,487$5,496$4,452
16 years$9,703$8,213$6,920$5,808$4,858$3,869
17 years$9,037$7,564$6,297$5,219$4,307$3,372
18 years$8,446$6,989$5,749$4,703$3,830$2,946
19 years$7,918$6,477$5,263$4,250$3,414$2,580
20 years$7,443$6,019$4,830$3,849$3,049$2,263
21 years$7,014$5,607$4,442$3,493$2,729$1,988
22 years$6,625$5,234$4,094$3,176$2,446$1,750
23 years$6,270$4,895$3,780$2,892$2,195$1,541
24 years$5,945$4,586$3,496$2,638$1,973$1,359
25 years$5,646$4,304$3,238$2,409$1,776$1,200
26 years$5,371$4,045$3,003$2,203$1,599$1,060
27 years$5,117$3,807$2,789$2,016$1,442$937
28 years$4,881$3,587$2,593$1,847$1,301$829
29 years$4,662$3,384$2,413$1,694$1,175$734
30 years$4,458$3,196$2,247$1,555$1,062$650
31 years$4,267$3,021$2,095$1,428$960$576
32 years$4,089$2,859$1,955$1,312$868$510
33 years$3,922$2,707$1,825$1,207$786$452
34 years$3,765$2,566$1,705$1,110$711$401
35 years$3,617$2,434$1,594$1,022$644$356
36 years$3,478$2,310$1,491$941$584$316
37 years$3,347$2,194$1,396$867$529$280
38 years$3,223$2,085$1,307$799$480$249
39 years$3,105$1,983$1,225$737$435$221
40 years$2,994$1,886$1,148$680$395$196
41 years$2,888$1,795$1,076$627$358$174
42 years$2,788$1,710$1,010$579$325$155
43 years$2,693$1,629$948$534$295$137
44 years$2,602$1,553$889$493$268$122
45 years$2,516$1,481$835$456$243$108
46 years$2,433$1,413$784$421$221$96
47 years$2,354$1,348$737$389$200$86
48 years$2,279$1,287$692$359$182$76
49 years$2,207$1,229$651$332$165$68
50 years$2,138$1,174$612$307$150$60

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 $3,741 every year, while hoping to spend $44,756 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: 75/17/8 Blend
58$2,190,000$2,190,000$2,190,000$2,190,000
59$2,417,239$2,301,169$2,267,224$2,595,332
60$2,616,177$2,366,306$2,295,556$2,778,218
61$2,833,907$2,433,135$2,323,337$2,972,517
62$3,072,298$2,501,691$2,350,501$3,184,155
63$3,333,409$2,572,011$2,376,980$3,414,832
64$3,619,508$2,644,130$2,402,699$3,666,423
65$3,933,089$2,718,084$2,427,581$3,940,993
66$4,276,905$2,793,911$2,451,546$4,240,814
67$4,653,983$2,871,646$2,474,506$4,568,388
68$5,067,659$2,951,327$2,496,372$4,926,471
69$5,521,608$3,032,989$2,517,048$5,318,101
70$6,019,877$3,116,670$2,536,434$5,746,619
71$6,566,923$3,202,406$2,554,424$6,215,708
72$7,167,658$3,290,233$2,570,906$6,729,426
73$7,827,492$3,380,187$2,585,764$7,292,239
74$8,552,385$3,472,305$2,598,875$7,909,070
75$9,348,900$3,566,620$2,610,110$8,585,341
76$10,224,271$3,663,168$2,619,332$9,327,024
77$11,186,467$3,761,983$2,626,399$10,140,700
78$12,244,265$3,863,098$2,631,162$11,033,619
79$13,407,337$3,966,547$2,633,463$12,013,765
80$14,686,338$4,072,361$2,633,137$13,089,939
81$16,093,009$4,180,570$2,630,011$14,271,835
82$17,640,282$4,291,205$2,623,903$15,570,133
83$19,342,410$4,404,293$2,614,622$16,996,600
84$21,215,093$4,519,861$2,601,970$18,564,204
85$23,275,632$4,637,934$2,585,736$20,287,230
86$25,543,090$4,758,535$2,565,701$22,181,419
87$28,038,468$4,881,687$2,541,635$24,264,115
88$30,784,910$5,007,407$2,513,297$26,554,429
89$33,807,913$5,135,713$2,480,436$29,073,418
90$37,135,576$5,266,619$2,442,786$31,844,286
91$40,798,857$5,400,135$2,400,072$34,892,599
92$44,831,870$5,536,271$2,352,003$38,246,530
93$49,272,203$5,675,030$2,298,277$41,937,122
94$54,161,275$5,816,415$2,238,578$45,998,583
95$59,544,727$5,960,421$2,172,572$50,468,606
96$65,472,850$6,107,042$2,099,914$55,388,728
97$72,001,060$6,256,267$2,020,240$60,804,718
98$79,190,422$6,408,077$1,933,172$66,767,012
99$87,108,224$6,562,452$1,838,312$73,331,189
100$95,828,614$6,719,363$1,735,246$80,558,492