Can I retire at age 59 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$185,803$184,148$182,533$180,957$179,418$176,373
2 years$91,982$90,269$88,608$86,999$85,437$82,379
3 years$60,712$58,991$57,335$55,741$54,205$51,228
4 years$45,080$43,365$41,726$40,158$38,659$35,788
5 years$35,704$33,999$32,381$30,845$29,388$26,630
6 years$29,455$27,762$26,168$24,667$23,254$20,611
7 years$24,993$23,315$21,746$20,280$18,912$16,386
8 years$21,648$19,985$18,442$17,013$15,689$13,280
9 years$19,048$17,401$15,884$14,491$13,212$10,918
10 years$16,969$15,338$13,848$12,491$11,258$9,077
11 years$15,269$13,654$12,192$10,871$9,682$7,612
12 years$13,853$12,255$10,820$9,536$8,390$6,428
13 years$12,657$11,075$9,667$8,418$7,316$5,459
14 years$11,632$10,067$8,686$7,473$6,414$4,658
15 years$10,744$9,197$7,842$6,665$5,647$3,990
16 years$9,968$8,438$7,110$5,967$4,991$3,429
17 years$9,285$7,771$6,470$5,362$4,425$2,955
18 years$8,677$7,181$5,906$4,832$3,935$2,552
19 years$8,135$6,655$5,407$4,366$3,507$2,209
20 years$7,647$6,184$4,962$3,954$3,133$1,915
21 years$7,206$5,760$4,564$3,589$2,803$1,662
22 years$6,806$5,377$4,207$3,263$2,513$1,445
23 years$6,441$5,029$3,884$2,972$2,256$1,257
24 years$6,108$4,712$3,592$2,710$2,027$1,095
25 years$5,801$4,422$3,327$2,475$1,824$955
26 years$5,518$4,156$3,086$2,263$1,643$833
27 years$5,257$3,911$2,865$2,072$1,482$727
28 years$5,015$3,685$2,664$1,898$1,337$635
29 years$4,790$3,477$2,479$1,741$1,207$555
30 years$4,580$3,283$2,309$1,597$1,091$485
31 years$4,384$3,104$2,152$1,467$986$424
32 years$4,201$2,937$2,008$1,348$892$371
33 years$4,029$2,781$1,875$1,240$807$324
34 years$3,868$2,636$1,752$1,141$731$284
35 years$3,716$2,500$1,638$1,050$662$248
36 years$3,574$2,373$1,532$967$600$217
37 years$3,439$2,254$1,434$891$544$190
38 years$3,311$2,142$1,343$821$493$167
39 years$3,190$2,037$1,258$757$447$146
40 years$3,076$1,938$1,179$699$405$128
41 years$2,968$1,845$1,106$644$368$112
42 years$2,865$1,757$1,037$595$334$98
43 years$2,767$1,674$973$549$303$86
44 years$2,673$1,596$914$507$275$75
45 years$2,584$1,522$858$468$250$66
46 years$2,500$1,451$806$432$227$58
47 years$2,419$1,385$757$400$206$51
48 years$2,341$1,322$711$369$187$44
49 years$2,268$1,263$669$341$170$39
50 years$2,197$1,206$629$315$154$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,250,000, adding $5,813 every year, while hoping to spend $57,879 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: 56/23/21 Blend
58$2,250,000$2,250,000$2,250,000$2,250,000
59$2,485,496$2,366,246$2,331,371$2,610,290
60$2,677,434$2,420,609$2,347,889$2,750,537
61$2,887,009$2,475,697$2,363,021$2,896,592
62$3,115,961$2,531,482$2,376,658$3,054,453
63$3,366,201$2,587,937$2,388,689$3,225,269
64$3,639,837$2,645,029$2,398,993$3,410,306
65$3,939,188$2,702,723$2,407,447$3,610,962
66$4,266,807$2,760,979$2,413,918$3,828,773
67$4,625,507$2,819,752$2,418,270$4,065,435
68$5,018,384$2,878,995$2,420,357$4,322,815
69$5,448,848$2,938,655$2,420,028$4,602,974
70$5,920,655$2,998,674$2,417,124$4,908,179
71$6,437,941$3,058,988$2,411,477$5,240,933
72$7,005,262$3,119,529$2,402,912$5,603,991
73$7,627,635$3,180,223$2,391,246$6,000,394
74$8,310,587$3,240,987$2,376,286$6,433,490
75$9,060,206$3,301,734$2,357,831$6,906,972
76$9,883,196$3,362,368$2,335,668$7,424,908
77$10,786,946$3,422,788$2,309,576$7,991,785
78$11,779,591$3,482,881$2,279,324$8,612,547
79$12,870,096$3,542,529$2,244,668$9,292,645
80$14,068,336$3,601,603$2,205,354$10,038,086
81$15,385,189$3,659,964$2,161,116$10,855,494
82$16,832,640$3,717,465$2,111,675$11,752,169
83$18,423,894$3,773,945$2,056,741$12,736,157
84$20,173,496$3,829,233$1,996,007$13,816,328
85$22,097,475$3,883,147$1,929,155$15,002,461
86$24,213,487$3,935,491$1,855,851$16,305,331
87$26,540,988$3,986,055$1,775,747$17,736,820
88$29,101,412$4,034,615$1,688,478$19,310,023
89$31,918,376$4,080,932$1,593,663$21,039,373
90$35,017,903$4,124,750$1,490,902$22,940,782
91$38,428,662$4,165,796$1,379,781$25,031,787
92$42,182,245$4,203,780$1,259,863$27,331,719
93$46,313,461$4,238,391$1,130,695$29,861,886
94$50,860,662$4,269,300$991,801$32,645,774
95$55,866,109$4,296,156$842,686$35,709,272
96$61,376,368$4,318,583$682,832$39,080,913
97$67,442,749$4,336,185$511,699$42,792,150
98$74,121,789$4,348,538$328,721$46,877,648
99$81,475,788$4,355,193$133,309$51,375,618
100$89,573,392$4,355,672$0$56,328,174