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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$180,848$179,237$177,666$176,132$174,634$171,599
2 years$89,529$87,861$86,245$84,679$83,159$80,112
3 years$59,093$57,418$55,807$54,254$52,759$49,794
4 years$43,878$42,209$40,613$39,087$37,628$34,768
5 years$34,751$33,092$31,517$30,023$28,605$25,857
6 years$28,669$27,022$25,471$24,009$22,634$20,003
7 years$24,326$22,693$21,166$19,739$18,407$15,893
8 years$21,071$19,452$17,951$16,559$15,271$12,873
9 years$18,540$16,937$15,461$14,105$12,860$10,578
10 years$16,516$14,929$13,479$12,158$10,957$8,788
11 years$14,862$13,290$11,867$10,581$9,424$7,365
12 years$13,484$11,929$10,531$9,281$8,166$6,216
13 years$12,319$10,780$9,409$8,194$7,121$5,275
14 years$11,321$9,799$8,454$7,274$6,242$4,498
15 years$10,458$8,951$7,633$6,487$5,496$3,851
16 years$9,703$8,213$6,920$5,808$4,858$3,307
17 years$9,037$7,564$6,297$5,219$4,307$2,848
18 years$8,446$6,989$5,749$4,703$3,830$2,458
19 years$7,918$6,477$5,263$4,250$3,414$2,126
20 years$7,443$6,019$4,830$3,849$3,049$1,841
21 years$7,014$5,607$4,442$3,493$2,729$1,597
22 years$6,625$5,234$4,094$3,176$2,446$1,387
23 years$6,270$4,895$3,780$2,892$2,195$1,206
24 years$5,945$4,586$3,496$2,638$1,973$1,050
25 years$5,646$4,304$3,238$2,409$1,776$914
26 years$5,371$4,045$3,003$2,203$1,599$797
27 years$5,117$3,807$2,789$2,016$1,442$695
28 years$4,881$3,587$2,593$1,847$1,301$606
29 years$4,662$3,384$2,413$1,694$1,175$529
30 years$4,458$3,196$2,247$1,555$1,062$462
31 years$4,267$3,021$2,095$1,428$960$404
32 years$4,089$2,859$1,955$1,312$868$353
33 years$3,922$2,707$1,825$1,207$786$309
34 years$3,765$2,566$1,705$1,110$711$270
35 years$3,617$2,434$1,594$1,022$644$236
36 years$3,478$2,310$1,491$941$584$206
37 years$3,347$2,194$1,396$867$529$180
38 years$3,223$2,085$1,307$799$480$158
39 years$3,105$1,983$1,225$737$435$138
40 years$2,994$1,886$1,148$680$395$121
41 years$2,888$1,795$1,076$627$358$106
42 years$2,788$1,710$1,010$579$325$93
43 years$2,693$1,629$948$534$295$81
44 years$2,602$1,553$889$493$268$71
45 years$2,516$1,481$835$456$243$62
46 years$2,433$1,413$784$421$221$54
47 years$2,354$1,348$737$389$200$48
48 years$2,279$1,287$692$359$182$42
49 years$2,207$1,229$651$332$165$36
50 years$2,138$1,174$612$307$150$32

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 $2,367 every year, while hoping to spend $48,473 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: 27/44/29 Blend
58$2,190,000$2,190,000$2,190,000$2,190,000
59$2,415,822$2,299,752$2,265,807$2,459,229
60$2,610,660$2,360,864$2,290,136$2,555,878
61$2,823,748$2,423,347$2,313,656$2,655,265
62$3,056,895$2,487,216$2,336,288$2,760,996
63$3,312,095$2,552,486$2,357,950$2,873,648
64$3,591,542$2,619,171$2,378,555$2,993,854
65$3,897,653$2,687,284$2,398,010$3,122,312
66$4,233,090$2,756,838$2,416,220$3,259,791
67$4,600,785$2,827,843$2,433,084$3,407,137
68$5,003,967$2,900,308$2,448,493$3,565,284
69$5,446,191$2,974,243$2,462,337$3,735,261
70$5,931,374$3,049,652$2,474,497$3,918,199
71$6,463,830$3,126,542$2,484,849$4,115,348
72$7,048,312$3,204,913$2,493,263$4,328,084
73$7,690,054$3,284,768$2,499,601$4,557,924
74$8,394,822$3,366,104$2,503,720$4,806,540
75$9,168,969$3,448,918$2,505,470$5,075,775
76$10,019,491$3,533,203$2,504,691$5,367,660
77$10,954,099$3,618,949$2,501,217$5,684,436
78$11,981,284$3,706,145$2,494,875$6,028,572
79$13,110,402$3,794,773$2,485,481$6,402,789
80$14,351,762$3,884,816$2,472,843$6,810,088
81$15,716,720$3,976,250$2,456,762$7,253,777
82$17,217,788$4,069,049$2,437,025$7,737,505
83$18,868,750$4,163,180$2,413,414$8,265,292
84$20,684,795$4,258,608$2,385,695$8,841,571
85$22,682,656$4,355,293$2,353,629$9,471,231
86$24,880,772$4,453,187$2,316,960$10,159,660
87$27,299,457$4,552,240$2,275,425$10,912,799
88$29,961,095$4,652,392$2,228,744$11,737,199
89$32,890,348$4,753,581$2,176,629$12,640,082
90$36,114,391$4,855,734$2,118,774$13,629,408
91$39,663,168$4,958,774$2,054,861$14,713,957
92$43,569,670$5,062,613$1,984,558$15,903,405
93$47,870,253$5,167,157$1,907,517$17,208,421
94$52,604,975$5,272,304$1,823,375$18,640,769
95$57,817,974$5,377,939$1,731,750$20,213,414
96$63,557,889$5,483,939$1,632,245$21,940,654
97$69,878,314$5,590,172$1,524,446$23,838,249
98$76,838,304$5,696,493$1,407,916$25,923,573
99$84,502,933$5,802,743$1,282,204$28,215,781
100$92,943,909$5,908,755$1,146,835$30,735,987