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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$183,326$181,693$180,099$178,544$177,026$173,310
2 years$90,755$89,065$87,427$85,839$84,298$80,572
3 years$59,902$58,205$56,571$54,998$53,482$49,862
4 years$44,479$42,787$41,169$39,623$38,144$34,658
5 years$35,228$33,545$31,949$30,434$28,996$25,654
6 years$29,062$27,392$25,820$24,338$22,944$19,748
7 years$24,659$23,004$21,456$20,010$18,660$15,612
8 years$21,359$19,719$18,197$16,786$15,480$12,579
9 years$18,794$17,169$15,673$14,298$13,036$10,281
10 years$16,742$15,133$13,664$12,325$11,108$8,494
11 years$15,065$13,472$12,029$10,726$9,553$7,078
12 years$13,669$12,092$10,676$9,408$8,278$5,939
13 years$12,488$10,928$9,538$8,306$7,219$5,011
14 years$11,477$9,933$8,570$7,373$6,328$4,247
15 years$10,601$9,074$7,738$6,576$5,572$3,613
16 years$9,835$8,325$7,015$5,888$4,924$3,083
17 years$9,161$7,667$6,384$5,290$4,366$2,638
18 years$8,562$7,085$5,827$4,768$3,882$2,262
19 years$8,026$6,566$5,335$4,308$3,460$1,943
20 years$7,545$6,102$4,896$3,902$3,091$1,672
21 years$7,110$5,683$4,503$3,541$2,766$1,440
22 years$6,715$5,305$4,150$3,220$2,479$1,242
23 years$6,356$4,962$3,832$2,932$2,226$1,073
24 years$6,026$4,649$3,544$2,674$2,000$927
25 years$5,724$4,363$3,283$2,442$1,800$802
26 years$5,445$4,100$3,044$2,233$1,621$694
27 years$5,187$3,859$2,827$2,044$1,462$601
28 years$4,948$3,636$2,628$1,873$1,319$520
29 years$4,726$3,430$2,446$1,717$1,191$451
30 years$4,519$3,240$2,278$1,576$1,076$391
31 years$4,326$3,062$2,124$1,448$973$339
32 years$4,145$2,898$1,982$1,330$880$294
33 years$3,976$2,744$1,850$1,223$797$255
34 years$3,817$2,601$1,729$1,126$721$221
35 years$3,667$2,467$1,616$1,036$653$192
36 years$3,526$2,341$1,512$954$592$167
37 years$3,393$2,224$1,415$879$536$145
38 years$3,267$2,113$1,325$810$486$126
39 years$3,148$2,010$1,242$747$441$109
40 years$3,035$1,912$1,164$689$400$95
41 years$2,928$1,820$1,091$636$363$82
42 years$2,826$1,733$1,024$587$329$71
43 years$2,730$1,652$960$542$299$62
44 years$2,638$1,574$902$500$271$54
45 years$2,550$1,501$847$462$246$47
46 years$2,466$1,432$795$427$224$41
47 years$2,387$1,367$747$394$203$35
48 years$2,310$1,305$702$364$184$31
49 years$2,237$1,246$660$337$167$27
50 years$2,167$1,190$620$311$152$23

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 $4,434 every year, while hoping to spend $25,852 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: 37/46/17 Blend
58$2,220,000$2,220,000$2,220,000$2,220,000
59$2,451,014$2,333,354$2,298,944$2,528,924
60$2,673,511$2,420,182$2,348,452$2,672,358
61$2,917,836$2,510,398$2,398,752$2,824,407
62$3,186,189$2,604,141$2,449,844$2,988,095
63$3,480,992$2,701,555$2,501,725$3,164,480
64$3,804,913$2,802,792$2,554,394$3,354,723
65$4,160,894$2,908,009$2,607,846$3,560,098
66$4,552,174$3,017,369$2,662,077$3,782,004
67$4,982,320$3,131,044$2,717,080$4,021,977
68$5,455,264$3,249,213$2,772,850$4,281,707
69$5,975,338$3,372,062$2,829,378$4,563,046
70$6,547,315$3,499,785$2,886,654$4,868,034
71$7,176,451$3,632,585$2,944,668$5,198,910
72$7,868,541$3,770,673$3,003,406$5,558,136
73$8,629,967$3,914,271$3,062,854$5,948,419
74$9,467,761$4,063,608$3,122,998$6,372,735
75$10,389,673$4,218,925$3,183,819$6,834,356
76$11,404,240$4,380,473$3,245,297$7,336,882
77$12,520,870$4,548,514$3,307,412$7,884,270
78$13,749,928$4,723,321$3,370,140$8,480,875
79$15,102,836$4,905,178$3,433,455$9,131,488
80$16,592,179$5,094,386$3,497,329$9,841,378
81$18,231,824$5,291,253$3,561,732$10,616,344
82$20,037,050$5,496,104$3,626,630$11,462,768
83$22,024,695$5,709,280$3,691,988$12,387,672
84$24,213,312$5,931,132$3,757,768$13,398,786
85$26,623,344$6,162,032$3,823,927$14,504,614
86$29,277,318$6,402,364$3,890,421$15,714,522
87$32,200,056$6,652,532$3,957,202$17,038,817
88$35,418,912$6,912,956$4,024,219$18,488,845
89$38,964,026$7,184,076$4,091,415$20,077,098
90$42,868,613$7,466,352$4,158,733$21,817,331
91$47,169,270$7,760,261$4,226,110$23,724,687
92$51,906,328$8,066,307$4,293,477$25,815,840
93$57,124,228$8,385,011$4,360,763$28,109,150
94$62,871,943$8,716,920$4,427,892$30,624,836
95$69,203,438$9,062,606$4,494,784$33,385,164
96$76,178,180$9,422,665$4,561,350$36,414,652
97$83,861,699$9,797,720$4,627,500$39,740,307
98$92,326,207$10,188,424$4,693,137$43,391,867
99$101,651,280$10,595,456$4,758,156$47,402,091
100$111,924,606$11,019,529$4,822,450$51,807,057