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

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$185,803$184,148$182,533$180,957$179,418$174,023
2 years$91,982$90,269$88,608$86,999$85,437$80,048
3 years$60,712$58,991$57,335$55,741$54,205$48,989
4 years$45,080$43,365$41,726$40,158$38,659$33,658
5 years$35,704$33,999$32,381$30,845$29,388$24,614
6 years$29,455$27,762$26,168$24,667$23,254$18,712
7 years$24,993$23,315$21,746$20,280$18,912$14,601
8 years$21,648$19,985$18,442$17,013$15,689$11,608
9 years$19,048$17,401$15,884$14,491$13,212$9,356
10 years$16,969$15,338$13,848$12,491$11,258$7,620
11 years$15,269$13,654$12,192$10,871$9,682$6,257
12 years$13,853$12,255$10,820$9,536$8,390$5,172
13 years$12,657$11,075$9,667$8,418$7,316$4,296
14 years$11,632$10,067$8,686$7,473$6,414$3,584
15 years$10,744$9,197$7,842$6,665$5,647$3,000
16 years$9,968$8,438$7,110$5,967$4,991$2,519
17 years$9,285$7,771$6,470$5,362$4,425$2,119
18 years$8,677$7,181$5,906$4,832$3,935$1,787
19 years$8,135$6,655$5,407$4,366$3,507$1,509
20 years$7,647$6,184$4,962$3,954$3,133$1,276
21 years$7,206$5,760$4,564$3,589$2,803$1,080
22 years$6,806$5,377$4,207$3,263$2,513$915
23 years$6,441$5,029$3,884$2,972$2,256$776
24 years$6,108$4,712$3,592$2,710$2,027$658
25 years$5,801$4,422$3,327$2,475$1,824$559
26 years$5,518$4,156$3,086$2,263$1,643$475
27 years$5,257$3,911$2,865$2,072$1,482$404
28 years$5,015$3,685$2,664$1,898$1,337$343
29 years$4,790$3,477$2,479$1,741$1,207$292
30 years$4,580$3,283$2,309$1,597$1,091$248
31 years$4,384$3,104$2,152$1,467$986$211
32 years$4,201$2,937$2,008$1,348$892$180
33 years$4,029$2,781$1,875$1,240$807$153
34 years$3,868$2,636$1,752$1,141$731$130
35 years$3,716$2,500$1,638$1,050$662$111
36 years$3,574$2,373$1,532$967$600$94
37 years$3,439$2,254$1,434$891$544$80
38 years$3,311$2,142$1,343$821$493$68
39 years$3,190$2,037$1,258$757$447$58
40 years$3,076$1,938$1,179$699$405$50
41 years$2,968$1,845$1,106$644$368$42
42 years$2,865$1,757$1,037$595$334$36
43 years$2,767$1,674$973$549$303$31
44 years$2,673$1,596$914$507$275$26
45 years$2,584$1,522$858$468$250$22
46 years$2,500$1,451$806$432$227$19
47 years$2,419$1,385$757$400$206$16
48 years$2,341$1,322$711$369$187$14
49 years$2,268$1,263$669$341$170$12
50 years$2,197$1,206$629$315$154$10

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 $6,530 every year, while hoping to spend $51,624 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: 62/32/6 Blend
58$2,250,000$2,250,000$2,250,000$2,250,000
59$2,486,236$2,366,986$2,332,111$2,637,314
60$2,684,904$2,428,040$2,355,309$2,799,977
61$2,902,107$2,490,357$2,377,554$2,970,816
62$3,139,679$2,553,942$2,398,760$3,155,938
63$3,399,643$2,618,801$2,418,835$3,356,722
64$3,684,224$2,684,940$2,437,683$3,574,683
65$3,995,874$2,752,361$2,455,205$3,811,492
66$4,337,292$2,821,066$2,471,292$4,068,986
67$4,711,450$2,891,052$2,485,835$4,349,189
68$5,121,622$2,962,318$2,498,715$4,654,331
69$5,571,415$3,034,859$2,509,809$4,986,865
70$6,064,799$3,108,667$2,518,988$5,349,495
71$6,606,149$3,183,732$2,526,114$5,745,198
72$7,200,283$3,260,042$2,531,046$6,177,252
73$7,852,509$3,337,581$2,533,633$6,649,270
74$8,568,672$3,416,329$2,533,717$7,165,231
75$9,355,212$3,496,266$2,531,132$7,729,516
76$10,219,225$3,577,364$2,525,706$8,346,953
77$11,168,525$3,659,594$2,517,256$9,022,862
78$12,211,722$3,742,921$2,505,592$9,763,101
79$13,358,302$3,827,308$2,490,514$10,574,127
80$14,618,714$3,912,712$2,471,811$11,463,052
81$16,004,470$3,999,082$2,449,264$12,437,711
82$17,528,255$4,086,366$2,422,644$13,506,740
83$19,204,043$4,174,504$2,391,708$14,679,650
84$21,047,231$4,263,430$2,356,205$15,966,924
85$23,074,781$4,353,071$2,315,871$17,380,112
86$25,305,385$4,443,347$2,270,429$18,931,940
87$27,759,635$4,534,172$2,219,589$20,636,430
88$30,460,221$4,625,450$2,163,048$22,509,036
89$33,432,143$4,717,077$2,100,490$24,566,785
90$36,702,949$4,808,940$2,031,584$26,828,438
91$40,302,990$4,900,918$1,955,982$29,314,672
92$44,265,709$4,992,878$1,873,322$32,048,270
93$48,627,958$5,084,676$1,783,225$35,054,338
94$53,430,342$5,176,157$1,685,294$38,360,544
95$58,717,602$5,267,153$1,579,117$41,997,376
96$64,539,040$5,357,486$1,464,260$45,998,430
97$70,948,980$5,446,961$1,340,270$50,400,731
98$78,007,283$5,535,369$1,206,677$55,245,080
99$85,779,910$5,622,487$1,062,985$60,576,438
100$94,339,546$5,708,074$908,680$66,444,355