Can I retire at age 59 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$182,500$180,874$179,288$177,740$176,229$169,370
2 years$90,346$88,664$87,033$85,452$83,918$77,092
3 years$59,633$57,943$56,316$54,750$53,241$46,661
4 years$44,279$42,594$40,984$39,444$37,972$31,688
5 years$35,069$33,394$31,805$30,297$28,866$22,895
6 years$28,931$27,269$25,703$24,229$22,841$17,186
7 years$24,548$22,900$21,359$19,920$18,575$13,235
8 years$21,263$19,630$18,115$16,710$15,410$10,380
9 years$18,709$17,091$15,602$14,233$12,978$8,249
10 years$16,667$15,065$13,602$12,269$11,058$6,622
11 years$14,997$13,412$11,975$10,678$9,510$5,357
12 years$13,607$12,038$10,628$9,366$8,241$4,360
13 years$12,432$10,878$9,495$8,269$7,186$3,566
14 years$11,425$9,888$8,531$7,340$6,300$2,928
15 years$10,553$9,033$7,703$6,546$5,547$2,411
16 years$9,791$8,288$6,984$5,861$4,902$1,990
17 years$9,119$7,633$6,355$5,266$4,347$1,647
18 years$8,523$7,053$5,801$4,746$3,865$1,365
19 years$7,990$6,537$5,311$4,288$3,445$1,132
20 years$7,511$6,074$4,874$3,884$3,077$941
21 years$7,078$5,658$4,483$3,525$2,753$782
22 years$6,685$5,281$4,132$3,205$2,468$651
23 years$6,327$4,940$3,815$2,919$2,216$542
24 years$5,999$4,628$3,528$2,662$1,991$452
25 years$5,698$4,343$3,268$2,431$1,792$377
26 years$5,420$4,082$3,031$2,223$1,614$314
27 years$5,163$3,842$2,814$2,035$1,455$262
28 years$4,926$3,620$2,616$1,864$1,313$219
29 years$4,705$3,415$2,435$1,710$1,186$182
30 years$4,499$3,225$2,268$1,569$1,071$152
31 years$4,306$3,049$2,114$1,441$969$127
32 years$4,126$2,885$1,973$1,324$876$106
33 years$3,958$2,732$1,842$1,218$793$89
34 years$3,799$2,589$1,721$1,120$718$74
35 years$3,650$2,456$1,609$1,031$650$62
36 years$3,510$2,331$1,505$950$589$52
37 years$3,377$2,214$1,409$875$534$43
38 years$3,252$2,104$1,319$807$484$36
39 years$3,134$2,001$1,236$744$439$30
40 years$3,021$1,903$1,158$686$398$25
41 years$2,915$1,812$1,086$633$361$21
42 years$2,814$1,726$1,019$584$328$18
43 years$2,717$1,644$956$539$297$15
44 years$2,626$1,567$898$498$270$12
45 years$2,539$1,494$843$460$245$10
46 years$2,455$1,426$792$425$223$9
47 years$2,376$1,361$744$392$202$7
48 years$2,300$1,299$699$363$184$6
49 years$2,227$1,240$657$335$167$5
50 years$2,158$1,185$618$310$151$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,210,000, adding $5,223 every year, while hoping to spend $21,906 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: 54/30/16 Blend
58$2,210,000$2,210,000$2,210,000$2,210,000
59$2,440,808$2,323,678$2,289,423$2,561,911
60$2,666,462$2,414,230$2,342,810$2,735,675
61$2,914,399$2,508,485$2,397,253$2,921,937
62$3,186,869$2,606,602$2,452,761$3,124,191
63$3,486,349$2,708,745$2,509,348$3,343,966
64$3,815,570$2,815,087$2,567,025$3,582,943
65$4,177,541$2,925,809$2,625,803$3,842,971
66$4,575,575$3,041,098$2,685,692$4,126,082
67$5,013,324$3,161,153$2,746,704$4,434,515
68$5,494,812$3,286,178$2,808,847$4,770,729
69$6,024,471$3,416,388$2,872,131$5,137,430
70$6,607,184$3,552,009$2,936,565$5,537,598
71$7,248,332$3,693,273$3,002,155$5,974,510
72$7,953,845$3,840,427$3,068,911$6,451,773
73$8,730,256$3,993,725$3,136,837$6,973,354
74$9,584,761$4,153,437$3,205,941$7,543,624
75$10,525,292$4,319,841$3,276,225$8,167,390
76$11,560,589$4,493,230$3,347,696$8,849,946
77$12,700,280$4,673,909$3,420,354$9,597,119
78$13,954,975$4,862,198$3,494,203$10,415,322
79$15,336,366$5,058,429$3,569,243$11,311,620
80$16,857,336$5,262,953$3,645,473$12,293,787
81$18,532,079$5,476,132$3,722,891$13,370,385
82$20,376,238$5,698,350$3,801,495$14,550,843
83$22,407,049$5,930,003$3,881,279$15,845,541
84$24,643,504$6,171,509$3,962,238$17,265,913
85$27,106,532$6,423,304$4,044,363$18,824,547
86$29,819,194$6,685,842$4,127,646$20,535,311
87$32,806,904$6,959,600$4,212,074$22,413,473
88$36,097,664$7,245,076$4,297,634$24,475,853
89$39,722,331$7,542,791$4,384,311$26,740,976
90$43,714,910$7,853,289$4,472,086$29,229,244
91$48,112,871$8,177,139$4,560,941$31,963,131
92$52,957,503$8,514,939$4,650,852$34,967,392
93$58,294,307$8,867,309$4,741,794$38,269,295
94$64,173,422$9,234,903$4,833,739$41,898,878
95$70,650,099$9,618,401$4,926,657$45,889,229
96$77,785,223$10,018,517$5,020,515$50,276,799
97$85,645,887$10,435,996$5,115,274$55,101,742
98$94,306,027$10,871,618$5,210,894$60,408,293
99$103,847,114$11,326,201$5,307,332$66,245,187
100$114,358,932$11,800,596$5,404,539$72,666,111