Can I retire at age 59 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$186,629$184,966$183,344$181,761$180,216$176,361
2 years$92,390$90,670$89,002$87,385$85,817$81,952
3 years$60,982$59,254$57,590$55,989$54,446$50,691
4 years$45,281$43,558$41,911$40,337$38,831$35,216
5 years$35,862$34,150$32,525$30,982$29,519$26,054
6 years$29,585$27,886$26,285$24,777$23,357$20,045
7 years$25,104$23,419$21,843$20,370$18,996$15,838
8 years$21,744$20,074$18,524$17,088$15,759$12,754
9 years$19,132$17,478$15,955$14,555$13,271$10,417
10 years$17,044$15,406$13,910$12,547$11,308$8,602
11 years$15,337$13,715$12,246$10,920$9,725$7,163
12 years$13,915$12,310$10,868$9,578$8,427$6,006
13 years$12,713$11,125$9,710$8,456$7,349$5,064
14 years$11,683$10,112$8,724$7,506$6,442$4,289
15 years$10,792$9,237$7,877$6,694$5,672$3,646
16 years$10,013$8,475$7,142$5,994$5,013$3,109
17 years$9,326$7,805$6,499$5,385$4,445$2,658
18 years$8,716$7,212$5,932$4,853$3,952$2,278
19 years$8,171$6,684$5,431$4,385$3,523$1,955
20 years$7,681$6,211$4,984$3,972$3,146$1,681
21 years$7,238$5,786$4,584$3,605$2,816$1,447
22 years$6,836$5,401$4,225$3,278$2,524$1,248
23 years$6,470$5,051$3,901$2,985$2,266$1,076
24 years$6,135$4,733$3,608$2,722$2,036$929
25 years$5,827$4,441$3,342$2,486$1,832$803
26 years$5,543$4,174$3,099$2,273$1,651$694
27 years$5,280$3,928$2,878$2,081$1,488$601
28 years$5,037$3,702$2,675$1,906$1,343$520
29 years$4,811$3,492$2,490$1,748$1,213$450
30 years$4,600$3,298$2,319$1,604$1,096$390
31 years$4,404$3,118$2,162$1,474$991$338
32 years$4,220$2,950$2,017$1,354$896$293
33 years$4,047$2,794$1,883$1,245$811$254
34 years$3,885$2,648$1,760$1,146$734$220
35 years$3,733$2,511$1,645$1,055$665$191
36 years$3,589$2,384$1,539$971$602$165
37 years$3,454$2,264$1,441$895$546$143
38 years$3,326$2,152$1,349$825$495$124
39 years$3,205$2,046$1,264$761$449$108
40 years$3,090$1,946$1,185$702$407$94
41 years$2,981$1,853$1,111$647$369$81
42 years$2,877$1,765$1,042$597$335$71
43 years$2,779$1,681$978$551$304$61
44 years$2,685$1,603$918$509$276$53
45 years$2,596$1,528$862$470$251$46
46 years$2,511$1,458$809$434$228$40
47 years$2,430$1,391$760$401$207$35
48 years$2,352$1,328$715$371$188$30
49 years$2,278$1,268$672$343$170$26
50 years$2,207$1,212$631$317$155$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,260,000, adding $2,390 every year, while hoping to spend $37,370 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: 28/44/28 Blend
58$2,260,000$2,260,000$2,260,000$2,260,000
59$2,492,985$2,373,205$2,338,175$2,541,087
60$2,707,508$2,449,731$2,376,743$2,656,274
61$2,942,660$2,528,754$2,415,350$2,776,553
62$3,200,506$2,610,357$2,453,958$2,905,028
63$3,483,319$2,694,626$2,492,527$3,042,429
64$3,793,605$2,781,650$2,531,014$3,189,556
65$4,134,121$2,871,520$2,569,372$3,347,291
66$4,507,908$2,964,330$2,607,552$3,516,600
67$4,918,313$3,060,180$2,645,503$3,698,547
68$5,369,022$3,159,171$2,683,169$3,894,300
69$5,864,099$3,261,407$2,720,492$4,105,145
70$6,408,018$3,366,996$2,757,409$4,332,494
71$7,005,708$3,476,052$2,793,855$4,577,901
72$7,662,601$3,588,690$2,829,760$4,843,076
73$8,384,681$3,705,029$2,865,051$5,129,900
74$9,178,538$3,825,195$2,899,650$5,440,439
75$10,051,434$3,949,316$2,933,474$5,776,973
76$11,011,372$4,077,524$2,966,437$6,142,004
77$12,067,167$4,209,957$2,998,447$6,538,291
78$13,228,530$4,346,757$3,029,407$6,968,869
79$14,506,163$4,488,072$3,059,216$7,437,077
80$15,911,858$4,634,053$3,087,765$7,946,593
81$17,458,604$4,784,858$3,114,942$8,501,466
82$19,160,716$4,940,651$3,140,627$9,106,152
83$21,033,965$5,101,599$3,164,694$9,765,562
84$23,095,730$5,267,878$3,187,012$10,485,098
85$25,365,159$5,439,668$3,207,441$11,270,713
86$27,863,349$5,617,156$3,225,835$12,128,960
87$30,613,550$5,800,535$3,242,039$13,067,059
88$33,641,377$5,990,007$3,255,893$14,092,959
89$36,975,059$6,185,778$3,267,226$15,215,417
90$40,645,697$6,388,063$3,275,860$16,444,078
91$44,687,564$6,597,084$3,281,607$17,789,564
92$49,138,426$6,813,072$3,284,272$19,263,579
93$54,039,896$7,036,264$3,283,646$20,879,013
94$59,437,832$7,266,906$3,279,514$22,650,067
95$65,382,761$7,505,256$3,271,648$24,592,385
96$71,930,365$7,751,575$3,259,811$26,723,200
97$79,141,999$8,006,139$3,243,751$29,061,499
98$87,085,274$8,269,231$3,223,208$31,628,198
99$95,834,693$8,541,145$3,197,907$34,446,344
100$105,472,354$8,822,183$3,167,559$37,541,325