Can I retire at age 59 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$181,674$180,056$178,477$176,936$175,431$173,024
2 years$89,938$88,263$86,639$85,065$83,539$81,118
3 years$59,363$57,681$56,061$54,502$53,000$50,641
4 years$44,078$42,401$40,798$39,266$37,800$35,520
5 years$34,910$33,243$31,661$30,160$28,735$26,542
6 years$28,800$27,146$25,587$24,119$22,737$20,632
7 years$24,437$22,797$21,263$19,830$18,491$16,476
8 years$21,167$19,541$18,033$16,635$15,340$13,415
9 years$18,624$17,014$15,531$14,169$12,919$11,082
10 years$16,592$14,997$13,541$12,214$11,007$9,258
11 years$14,930$13,351$11,921$10,630$9,467$7,802
12 years$13,546$11,983$10,580$9,324$8,204$6,623
13 years$12,375$10,829$9,452$8,231$7,154$5,654
14 years$11,373$9,843$8,493$7,307$6,271$4,851
15 years$10,505$8,992$7,668$6,516$5,521$4,178
16 years$9,747$8,250$6,952$5,835$4,880$3,611
17 years$9,078$7,598$6,326$5,243$4,327$3,129
18 years$8,485$7,021$5,775$4,725$3,847$2,718
19 years$7,954$6,507$5,287$4,269$3,429$2,366
20 years$7,477$6,047$4,852$3,866$3,063$2,064
21 years$7,046$5,632$4,463$3,509$2,741$1,803
22 years$6,655$5,257$4,113$3,191$2,457$1,576
23 years$6,298$4,917$3,798$2,906$2,205$1,380
24 years$5,972$4,607$3,512$2,650$1,982$1,210
25 years$5,672$4,323$3,253$2,420$1,784$1,061
26 years$5,396$4,063$3,017$2,213$1,607$932
27 years$5,140$3,824$2,802$2,026$1,449$818
28 years$4,903$3,603$2,604$1,856$1,307$719
29 years$4,683$3,399$2,424$1,702$1,180$633
30 years$4,478$3,210$2,258$1,562$1,066$556
31 years$4,287$3,035$2,105$1,434$964$490
32 years$4,108$2,872$1,964$1,318$872$431
33 years$3,940$2,719$1,833$1,212$789$380
34 years$3,782$2,577$1,713$1,115$715$335
35 years$3,634$2,445$1,602$1,027$647$295
36 years$3,494$2,320$1,498$946$586$260
37 years$3,362$2,204$1,402$871$532$229
38 years$3,238$2,094$1,313$803$482$202
39 years$3,120$1,992$1,230$740$437$178
40 years$3,008$1,895$1,153$683$396$157
41 years$2,902$1,804$1,081$630$360$138
42 years$2,801$1,718$1,014$582$326$122
43 years$2,705$1,637$952$537$296$108
44 years$2,614$1,560$893$496$269$95
45 years$2,527$1,488$839$458$244$84
46 years$2,444$1,419$788$423$222$74
47 years$2,365$1,354$740$391$201$65
48 years$2,289$1,293$696$361$183$58
49 years$2,217$1,235$654$334$166$51
50 years$2,148$1,179$615$308$151$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,200,000, adding $3,357 every year, while hoping to spend $58,719 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: 51/24/25 Blend
58$2,200,000$2,200,000$2,200,000$2,200,000
59$2,427,863$2,311,263$2,277,163$2,534,503
60$2,613,028$2,362,038$2,290,971$2,659,678
61$2,815,112$2,413,333$2,303,274$2,789,489
62$3,035,779$2,465,112$2,313,959$2,929,451
63$3,276,860$2,517,334$2,322,908$3,080,554
64$3,540,372$2,569,955$2,329,997$3,243,888
65$3,828,533$2,622,926$2,335,096$3,420,655
66$4,143,789$2,676,195$2,338,067$3,612,179
67$4,488,831$2,729,704$2,338,767$3,819,923
68$4,866,621$2,783,389$2,337,046$4,045,496
69$5,280,424$2,837,183$2,332,744$4,290,675
70$5,733,833$2,891,011$2,325,697$4,557,419
71$6,230,806$2,944,792$2,315,730$4,847,886
72$6,775,703$2,998,441$2,302,661$5,164,459
73$7,373,323$3,051,864$2,286,299$5,509,762
74$8,028,956$3,104,959$2,266,444$5,886,690
75$8,748,425$3,157,617$2,242,885$6,298,435
76$9,538,146$3,209,722$2,215,404$6,748,518
77$10,405,186$3,261,148$2,183,769$7,240,818
78$11,357,330$3,311,759$2,147,740$7,779,616
79$12,403,153$3,361,411$2,107,065$8,369,628
80$13,552,103$3,409,948$2,061,480$9,016,058
81$14,814,586$3,457,204$2,010,708$9,724,642
82$16,202,067$3,503,000$1,954,460$10,501,704
83$17,727,178$3,547,148$1,892,435$11,354,216
84$19,403,834$3,589,442$1,824,315$12,289,868
85$21,247,367$3,629,666$1,749,771$13,317,135
86$23,274,666$3,667,587$1,668,456$14,445,364
87$25,504,342$3,702,959$1,580,010$15,684,857
88$27,956,898$3,735,518$1,484,054$17,046,975
89$30,654,925$3,764,981$1,380,193$18,544,241
90$33,623,313$3,791,051$1,268,015$20,190,464
91$36,889,487$3,813,409$1,147,089$22,000,863
92$40,483,663$3,831,714$1,016,965$23,992,221
93$44,439,136$3,845,607$877,173$26,183,038
94$48,792,591$3,854,705$727,221$28,593,708
95$53,584,448$3,858,599$566,596$31,246,714
96$58,859,248$3,856,856$394,763$34,166,842
97$64,666,067$3,849,018$211,164$37,381,413
98$71,058,982$3,834,596$15,213$40,920,547
99$78,097,579$3,813,071$0$44,817,444
100$85,847,516$3,783,895$0$49,160,428