Can I retire at age 59 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$184,151$182,511$180,911$179,349$177,823$174,949
2 years$91,164$89,466$87,821$86,225$84,678$81,790
3 years$60,172$58,467$56,826$55,245$53,723$50,912
4 years$44,679$42,980$41,355$39,801$38,316$35,602
5 years$35,386$33,696$32,093$30,571$29,127$26,519
6 years$29,193$27,516$25,936$24,448$23,047$20,548
7 years$24,771$23,108$21,553$20,100$18,744$16,354
8 years$21,455$19,808$18,278$16,861$15,550$13,269
9 years$18,878$17,246$15,743$14,362$13,095$10,923
10 years$16,818$15,202$13,725$12,380$11,158$9,091
11 years$15,133$13,533$12,084$10,775$9,596$7,634
12 years$13,730$12,147$10,724$9,451$8,316$6,455
13 years$12,544$10,977$9,581$8,344$7,251$5,489
14 years$11,528$9,978$8,609$7,407$6,357$4,690
15 years$10,649$9,115$7,772$6,605$5,597$4,023
16 years$9,880$8,363$7,047$5,914$4,946$3,462
17 years$9,202$7,702$6,412$5,314$4,386$2,988
18 years$8,600$7,117$5,854$4,789$3,900$2,584
19 years$8,062$6,596$5,359$4,327$3,476$2,240
20 years$7,579$6,129$4,918$3,919$3,105$1,945
21 years$7,142$5,709$4,524$3,557$2,778$1,691
22 years$6,746$5,329$4,169$3,234$2,490$1,472
23 years$6,384$4,984$3,850$2,945$2,236$1,283
24 years$6,053$4,670$3,560$2,686$2,009$1,119
25 years$5,749$4,382$3,297$2,453$1,808$977
26 years$5,469$4,119$3,058$2,243$1,629$854
27 years$5,210$3,876$2,840$2,053$1,468$746
28 years$4,970$3,653$2,640$1,881$1,325$653
29 years$4,747$3,446$2,457$1,725$1,196$571
30 years$4,539$3,254$2,288$1,583$1,081$500
31 years$4,345$3,076$2,133$1,454$977$438
32 years$4,164$2,911$1,990$1,336$884$384
33 years$3,994$2,757$1,858$1,229$800$336
34 years$3,834$2,613$1,736$1,131$724$295
35 years$3,683$2,478$1,623$1,041$656$258
36 years$3,542$2,352$1,519$959$594$227
37 years$3,408$2,234$1,421$883$539$199
38 years$3,282$2,123$1,331$814$488$174
39 years$3,162$2,019$1,247$751$443$153
40 years$3,049$1,921$1,169$692$402$134
41 years$2,941$1,828$1,096$639$365$118
42 years$2,839$1,741$1,028$589$331$103
43 years$2,742$1,659$965$544$300$91
44 years$2,650$1,581$906$502$272$79
45 years$2,561$1,508$850$464$247$70
46 years$2,477$1,439$799$429$225$61
47 years$2,397$1,373$750$396$204$54
48 years$2,321$1,311$705$366$185$47
49 years$2,247$1,252$663$338$168$41
50 years$2,177$1,195$623$313$153$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,230,000, adding $2,097 every year, while hoping to spend $50,643 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: 58/34/8 Blend
58$2,230,000$2,230,000$2,230,000$2,230,000
59$2,459,623$2,341,433$2,306,868$2,597,750
60$2,656,621$2,402,280$2,330,264$2,751,699
61$2,872,015$2,464,410$2,352,747$2,913,522
62$3,107,629$2,527,834$2,374,232$3,088,651
63$3,365,469$2,592,560$2,394,631$3,278,366
64$3,647,746$2,658,595$2,413,851$3,484,074
65$3,956,894$2,725,944$2,431,792$3,707,324
66$4,295,593$2,794,611$2,448,353$3,949,822
67$4,666,795$2,864,598$2,463,424$4,213,447
68$5,073,750$2,935,906$2,476,891$4,500,269
69$5,520,040$3,008,532$2,488,634$4,812,564
70$6,009,607$3,082,474$2,498,527$5,152,841
71$6,546,795$3,157,723$2,506,436$5,523,865
72$7,136,390$3,234,273$2,512,223$5,928,678
73$7,783,660$3,312,111$2,515,741$6,370,634
74$8,494,412$3,391,223$2,516,837$6,853,424
75$9,275,040$3,471,591$2,515,349$7,381,117
76$10,132,590$3,553,195$2,511,109$7,958,195
77$11,074,821$3,636,009$2,503,938$8,589,594
78$12,110,285$3,720,005$2,493,652$9,280,754
79$13,248,400$3,805,151$2,480,055$10,037,668
80$14,499,542$3,891,409$2,462,943$10,866,939
81$15,875,145$3,978,738$2,442,101$11,775,840
82$17,387,804$4,067,090$2,417,305$12,772,389
83$19,051,396$4,156,413$2,388,321$13,865,416
84$20,881,211$4,246,650$2,354,902$15,064,652
85$22,894,094$4,337,735$2,316,791$16,380,822
86$25,108,605$4,429,598$2,273,717$17,825,741
87$27,545,195$4,522,160$2,225,398$19,412,429
88$30,226,395$4,615,337$2,171,540$21,155,232
89$33,177,034$4,709,034$2,111,832$23,069,961
90$36,424,465$4,803,150$2,045,952$25,174,037
91$39,998,830$4,897,574$1,973,562$27,486,658
92$43,933,341$4,992,186$1,894,306$30,028,980
93$48,264,593$5,086,855$1,807,817$32,824,316
94$53,032,909$5,181,438$1,713,707$35,898,357
95$58,282,722$5,275,785$1,611,572$39,279,415
96$64,062,990$5,369,728$1,500,990$42,998,688
97$70,427,661$5,463,091$1,381,519$47,090,560
98$77,436,181$5,555,682$1,252,699$51,592,918
99$85,154,055$5,647,293$1,114,047$56,547,517
100$93,653,463$5,737,704$965,062$62,000,373