Can I retire at age 59 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$183,326$181,693$180,099$178,544$177,026$175,396
2 years$90,755$89,065$87,427$85,839$84,298$82,656
3 years$59,902$58,205$56,571$54,998$53,482$51,879
4 years$44,479$42,787$41,169$39,623$38,144$36,592
5 years$35,228$33,545$31,949$30,434$28,996$27,500
6 years$29,062$27,392$25,820$24,338$22,944$21,504
7 years$24,659$23,004$21,456$20,010$18,660$17,278
8 years$21,359$19,719$18,197$16,786$15,480$14,156
9 years$18,794$17,169$15,673$14,298$13,036$11,770
10 years$16,742$15,133$13,664$12,325$11,108$9,899
11 years$15,065$13,472$12,029$10,726$9,553$8,400
12 years$13,669$12,092$10,676$9,408$8,278$7,180
13 years$12,488$10,928$9,538$8,306$7,219$6,174
14 years$11,477$9,933$8,570$7,373$6,328$5,335
15 years$10,601$9,074$7,738$6,576$5,572$4,630
16 years$9,835$8,325$7,015$5,888$4,924$4,031
17 years$9,161$7,667$6,384$5,290$4,366$3,521
18 years$8,562$7,085$5,827$4,768$3,882$3,083
19 years$8,026$6,566$5,335$4,308$3,460$2,705
20 years$7,545$6,102$4,896$3,902$3,091$2,378
21 years$7,110$5,683$4,503$3,541$2,766$2,095
22 years$6,715$5,305$4,150$3,220$2,479$1,847
23 years$6,356$4,962$3,832$2,932$2,226$1,631
24 years$6,026$4,649$3,544$2,674$2,000$1,442
25 years$5,724$4,363$3,283$2,442$1,800$1,276
26 years$5,445$4,100$3,044$2,233$1,621$1,130
27 years$5,187$3,859$2,827$2,044$1,462$1,001
28 years$4,948$3,636$2,628$1,873$1,319$888
29 years$4,726$3,430$2,446$1,717$1,191$788
30 years$4,519$3,240$2,278$1,576$1,076$699
31 years$4,326$3,062$2,124$1,448$973$621
32 years$4,145$2,898$1,982$1,330$880$552
33 years$3,976$2,744$1,850$1,223$797$490
34 years$3,817$2,601$1,729$1,126$721$436
35 years$3,667$2,467$1,616$1,036$653$388
36 years$3,526$2,341$1,512$954$592$345
37 years$3,393$2,224$1,415$879$536$307
38 years$3,267$2,113$1,325$810$486$273
39 years$3,148$2,010$1,242$747$441$243
40 years$3,035$1,912$1,164$689$400$216
41 years$2,928$1,820$1,091$636$363$193
42 years$2,826$1,733$1,024$587$329$171
43 years$2,730$1,652$960$542$299$153
44 years$2,638$1,574$902$500$271$136
45 years$2,550$1,501$847$462$246$121
46 years$2,466$1,432$795$427$224$108
47 years$2,387$1,367$747$394$203$96
48 years$2,310$1,305$702$364$184$86
49 years$2,237$1,246$660$337$167$76
50 years$2,167$1,190$620$311$152$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,220,000, adding $6,219 every year, while hoping to spend $39,357 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: 49/36/15 Blend
58$2,220,000$2,220,000$2,220,000$2,220,000
59$2,452,855$2,335,195$2,300,785$2,562,569
60$2,661,171$2,407,744$2,335,986$2,711,418
61$2,889,415$2,482,529$2,371,047$2,868,438
62$3,139,580$2,559,617$2,405,921$3,038,139
63$3,413,859$2,639,080$2,440,561$3,221,724
64$3,714,666$2,720,988$2,474,913$3,420,517
65$4,044,662$2,805,417$2,508,923$3,635,973
66$4,406,778$2,892,442$2,542,532$3,869,694
67$4,804,240$2,982,143$2,575,678$4,123,444
68$5,240,605$3,074,600$2,608,295$4,399,163
69$5,719,788$3,169,897$2,640,315$4,698,987
70$6,246,104$3,268,120$2,671,663$5,025,267
71$6,824,306$3,369,357$2,702,263$5,380,590
72$7,459,629$3,473,699$2,732,032$5,767,805
73$8,157,841$3,581,240$2,760,885$6,190,049
74$8,925,296$3,692,077$2,788,731$6,650,777
75$9,768,996$3,806,308$2,815,473$7,153,789
76$10,696,653$3,924,036$2,841,010$7,703,276
77$11,716,764$4,045,367$2,865,236$8,303,848
78$12,838,691$4,170,407$2,888,039$8,960,584
79$14,072,750$4,299,269$2,909,301$9,679,078
80$15,430,305$4,432,068$2,928,897$10,465,491
81$16,923,878$4,568,921$2,946,697$11,326,610
82$18,567,265$4,709,950$2,962,563$12,269,907
83$20,375,668$4,855,280$2,976,351$13,303,618
84$22,365,837$5,005,038$2,987,909$14,436,811
85$24,556,225$5,159,359$2,997,077$15,679,478
86$26,967,169$5,318,376$3,003,688$17,042,624
87$29,621,075$5,482,231$3,007,567$18,538,374
88$32,542,632$5,651,068$3,008,527$20,180,086
89$35,759,045$5,825,034$3,006,377$21,982,476
90$39,300,288$6,004,282$3,000,912$23,961,757
91$43,199,395$6,188,969$2,991,919$26,135,790
92$47,492,759$6,379,255$2,979,175$28,524,256
93$52,220,489$6,575,306$2,962,445$31,148,837
94$57,426,776$6,777,294$2,941,484$34,033,423
95$63,160,318$6,985,392$2,916,035$37,204,337
96$69,474,776$7,199,781$2,885,827$40,690,581
97$76,429,279$7,420,647$2,850,579$44,524,110
98$84,088,987$7,648,180$2,809,994$48,740,135
99$92,525,698$7,882,575$2,763,764$53,377,451
100$101,818,532$8,124,034$2,711,563$58,478,809