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

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$186,629$184,966$183,344$181,761$180,216$173,477
2 years$92,390$90,670$89,002$87,385$85,817$79,105
3 years$60,982$59,254$57,590$55,989$54,446$47,971
4 years$45,281$43,558$41,911$40,337$38,831$32,644
5 years$35,862$34,150$32,525$30,982$29,519$23,635
6 years$29,585$27,886$26,285$24,777$23,357$17,781
7 years$25,104$23,419$21,843$20,370$18,996$13,725
8 years$21,744$20,074$18,524$17,088$15,759$10,789
9 years$19,132$17,478$15,955$14,555$13,271$8,596
10 years$17,044$15,406$13,910$12,547$11,308$6,918
11 years$15,337$13,715$12,246$10,920$9,725$5,611
12 years$13,915$12,310$10,868$9,578$8,427$4,579
13 years$12,713$11,125$9,710$8,456$7,349$3,755
14 years$11,683$10,112$8,724$7,506$6,442$3,092
15 years$10,792$9,237$7,877$6,694$5,672$2,553
16 years$10,013$8,475$7,142$5,994$5,013$2,114
17 years$9,326$7,805$6,499$5,385$4,445$1,754
18 years$8,716$7,212$5,932$4,853$3,952$1,458
19 years$8,171$6,684$5,431$4,385$3,523$1,214
20 years$7,681$6,211$4,984$3,972$3,146$1,011
21 years$7,238$5,786$4,584$3,605$2,816$844
22 years$6,836$5,401$4,225$3,278$2,524$704
23 years$6,470$5,051$3,901$2,985$2,266$588
24 years$6,135$4,733$3,608$2,722$2,036$492
25 years$5,827$4,441$3,342$2,486$1,832$411
26 years$5,543$4,174$3,099$2,273$1,651$344
27 years$5,280$3,928$2,878$2,081$1,488$288
28 years$5,037$3,702$2,675$1,906$1,343$241
29 years$4,811$3,492$2,490$1,748$1,213$202
30 years$4,600$3,298$2,319$1,604$1,096$169
31 years$4,404$3,118$2,162$1,474$991$142
32 years$4,220$2,950$2,017$1,354$896$119
33 years$4,047$2,794$1,883$1,245$811$99
34 years$3,885$2,648$1,760$1,146$734$83
35 years$3,733$2,511$1,645$1,055$665$70
36 years$3,589$2,384$1,539$971$602$58
37 years$3,454$2,264$1,441$895$546$49
38 years$3,326$2,152$1,349$825$495$41
39 years$3,205$2,046$1,264$761$449$34
40 years$3,090$1,946$1,185$702$407$29
41 years$2,981$1,853$1,111$647$369$24
42 years$2,877$1,765$1,042$597$335$20
43 years$2,779$1,681$978$551$304$17
44 years$2,685$1,603$918$509$276$14
45 years$2,596$1,528$862$470$251$12
46 years$2,511$1,458$809$434$228$10
47 years$2,430$1,391$760$401$207$8
48 years$2,352$1,328$715$371$188$7
49 years$2,278$1,268$672$343$170$6
50 years$2,207$1,212$631$317$155$5

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 $5,916 every year, while hoping to spend $53,536 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: 55/34/11 Blend
58$2,260,000$2,260,000$2,260,000$2,260,000
59$2,496,622$2,376,842$2,341,812$2,626,690
60$2,694,316$2,436,346$2,363,301$2,774,998
61$2,910,380$2,496,970$2,383,716$2,930,035
62$3,146,632$2,558,715$2,402,963$3,097,579
63$3,405,072$2,621,576$2,420,946$3,278,830
64$3,687,904$2,685,548$2,437,562$3,475,110
65$3,997,554$2,750,623$2,452,704$3,687,875
66$4,336,692$2,816,792$2,466,258$3,918,727
67$4,708,261$2,884,041$2,478,104$4,169,433
68$5,115,501$2,952,356$2,488,118$4,441,935
69$5,561,980$3,021,720$2,496,168$4,738,376
70$6,051,628$3,092,110$2,502,115$5,061,115
71$6,588,773$3,163,502$2,505,815$5,412,749
72$7,178,184$3,235,869$2,507,115$5,796,141
73$7,825,110$3,309,179$2,505,856$6,214,446
74$8,535,338$3,383,395$2,501,868$6,671,137
75$9,315,239$3,458,478$2,494,978$7,170,043
76$10,171,833$3,534,383$2,484,999$7,715,381
77$11,112,853$3,611,061$2,471,739$8,311,798
78$12,146,816$3,688,455$2,454,995$8,964,416
79$13,283,108$3,766,506$2,434,554$9,678,876
80$14,532,068$3,845,147$2,410,194$10,461,396
81$15,905,084$3,924,305$2,381,681$11,318,827
82$17,414,707$4,003,900$2,348,771$12,258,720
83$19,074,762$4,083,846$2,311,210$13,289,394
84$20,900,480$4,164,047$2,268,728$14,420,016
85$22,908,644$4,244,400$2,221,046$15,660,692
86$25,117,745$4,324,795$2,167,870$17,022,554
87$27,548,156$4,405,111$2,108,894$18,517,874
88$30,222,323$4,485,217$2,043,798$20,160,174
89$33,164,980$4,564,972$1,972,244$21,964,356
90$36,403,376$4,644,224$1,893,883$23,946,843
91$39,967,540$4,722,810$1,808,347$26,125,734
92$43,890,555$4,800,554$1,715,253$28,520,977
93$48,208,877$4,877,267$1,614,200$31,154,554
94$52,962,675$4,952,745$1,504,768$34,050,692
95$58,196,210$5,026,771$1,386,519$37,236,090
96$63,958,252$5,099,112$1,258,996$40,740,174
97$70,302,543$5,169,518$1,121,722$44,595,372
98$77,288,298$5,237,720$974,196$48,837,425
99$84,980,770$5,303,434$815,897$53,505,719
100$93,451,860$5,366,353$646,280$58,643,664