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%12.6%
1 years$185,803$184,148$182,533$180,957$179,418$177,471
2 years$91,982$90,269$88,608$86,999$85,437$83,476
3 years$60,712$58,991$57,335$55,741$54,205$52,291
4 years$45,080$43,365$41,726$40,158$38,659$36,808
5 years$35,704$33,999$32,381$30,845$29,388$27,605
6 years$29,455$27,762$26,168$24,667$23,254$21,540
7 years$24,993$23,315$21,746$20,280$18,912$17,268
8 years$21,648$19,985$18,442$17,013$15,689$14,116
9 years$19,048$17,401$15,884$14,491$13,212$11,709
10 years$16,969$15,338$13,848$12,491$11,258$9,824
11 years$15,269$13,654$12,192$10,871$9,682$8,315
12 years$13,853$12,255$10,820$9,536$8,390$7,090
13 years$12,657$11,075$9,667$8,418$7,316$6,081
14 years$11,632$10,067$8,686$7,473$6,414$5,241
15 years$10,744$9,197$7,842$6,665$5,647$4,535
16 years$9,968$8,438$7,110$5,967$4,991$3,939
17 years$9,285$7,771$6,470$5,362$4,425$3,430
18 years$8,677$7,181$5,906$4,832$3,935$2,995
19 years$8,135$6,655$5,407$4,366$3,507$2,621
20 years$7,647$6,184$4,962$3,954$3,133$2,297
21 years$7,206$5,760$4,564$3,589$2,803$2,017
22 years$6,806$5,377$4,207$3,263$2,513$1,773
23 years$6,441$5,029$3,884$2,972$2,256$1,561
24 years$6,108$4,712$3,592$2,710$2,027$1,376
25 years$5,801$4,422$3,327$2,475$1,824$1,213
26 years$5,518$4,156$3,086$2,263$1,643$1,071
27 years$5,257$3,911$2,865$2,072$1,482$946
28 years$5,015$3,685$2,664$1,898$1,337$836
29 years$4,790$3,477$2,479$1,741$1,207$740
30 years$4,580$3,283$2,309$1,597$1,091$654
31 years$4,384$3,104$2,152$1,467$986$579
32 years$4,201$2,937$2,008$1,348$892$513
33 years$4,029$2,781$1,875$1,240$807$454
34 years$3,868$2,636$1,752$1,141$731$403
35 years$3,716$2,500$1,638$1,050$662$357
36 years$3,574$2,373$1,532$967$600$316
37 years$3,439$2,254$1,434$891$544$281
38 years$3,311$2,142$1,343$821$493$249
39 years$3,190$2,037$1,258$757$447$221
40 years$3,076$1,938$1,179$699$405$196
41 years$2,968$1,845$1,106$644$368$174
42 years$2,865$1,757$1,037$595$334$154
43 years$2,767$1,674$973$549$303$137
44 years$2,673$1,596$914$507$275$121
45 years$2,584$1,522$858$468$250$108
46 years$2,500$1,451$806$432$227$96
47 years$2,419$1,385$757$400$206$85
48 years$2,341$1,322$711$369$187$75
49 years$2,268$1,263$669$341$170$67
50 years$2,197$1,206$629$315$154$59

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 $6,206 every year, while hoping to spend $25,247 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: 55/33/12 Blend
58$2,250,000$2,250,000$2,250,000$2,250,000
59$2,485,901$2,366,651$2,331,776$2,614,667
60$2,712,601$2,455,755$2,383,028$2,791,809
61$2,961,577$2,548,378$2,435,151$2,981,305
62$3,235,077$2,644,667$2,488,147$3,187,045
63$3,535,572$2,744,774$2,542,018$3,410,579
64$3,865,790$2,848,857$2,596,765$3,653,615
65$4,228,732$2,957,082$2,652,388$3,918,030
66$4,627,706$3,069,623$2,708,886$4,205,889
67$5,066,357$3,186,658$2,766,258$4,519,462
68$5,548,698$3,308,377$2,824,501$4,861,248
69$6,079,153$3,434,976$2,883,610$5,233,995
70$6,662,596$3,566,660$2,943,580$5,640,728
71$7,304,397$3,703,642$3,004,406$6,084,774
72$8,010,471$3,846,146$3,066,079$6,569,796
73$8,787,337$3,994,405$3,128,591$7,099,823
74$9,642,177$4,148,663$3,191,930$7,679,293
75$10,582,905$4,309,172$3,256,085$8,313,088
76$11,618,239$4,476,200$3,321,042$9,006,582
77$12,757,787$4,650,022$3,386,785$9,765,694
78$14,012,136$4,830,927$3,453,297$10,596,937
79$15,392,950$5,019,218$3,520,558$11,507,483
80$16,913,081$5,215,210$3,588,547$12,505,230
81$18,586,692$5,419,232$3,657,240$13,598,871
82$20,429,388$5,631,629$3,726,612$14,797,982
83$22,458,366$5,852,758$3,796,633$16,113,105
84$24,692,572$6,082,996$3,867,273$17,555,852
85$27,152,886$6,322,735$3,938,498$19,139,008
86$29,862,315$6,572,383$4,010,273$20,876,655
87$32,846,210$6,832,369$4,082,556$22,784,302
88$36,132,508$7,103,140$4,155,306$24,879,032
89$39,751,991$7,385,161$4,228,476$27,179,657
90$43,738,582$7,678,922$4,302,018$29,706,900
91$48,129,660$7,984,931$4,375,878$32,483,587
92$52,966,414$8,303,722$4,449,999$35,534,861
93$58,294,235$8,635,851$4,524,320$38,888,417
94$64,163,138$8,981,899$4,598,776$42,574,765
95$70,628,241$9,342,475$4,673,298$46,627,512
96$77,750,279$9,718,213$4,747,810$51,083,680
97$85,596,180$10,109,778$4,822,235$55,984,056
98$94,239,698$10,517,864$4,896,487$61,373,572
99$103,762,104$10,943,197$4,970,477$67,301,726
100$114,252,960$11,386,535$5,044,109$73,823,052