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%16.3%
1 years$186,629$184,966$183,344$181,761$180,216$175,574
2 years$92,390$90,670$89,002$87,385$85,817$81,172
3 years$60,982$59,254$57,590$55,989$54,446$49,942
4 years$45,281$43,558$41,911$40,337$38,831$34,503
5 years$35,862$34,150$32,525$30,982$29,519$25,379
6 years$29,585$27,886$26,285$24,777$23,357$19,410
7 years$25,104$23,419$21,843$20,370$18,996$15,241
8 years$21,744$20,074$18,524$17,088$15,759$12,194
9 years$19,132$17,478$15,955$14,555$13,271$9,894
10 years$17,044$15,406$13,910$12,547$11,308$8,114
11 years$15,337$13,715$12,246$10,920$9,725$6,711
12 years$13,915$12,310$10,868$9,578$8,427$5,586
13 years$12,713$11,125$9,710$8,456$7,349$4,676
14 years$11,683$10,112$8,724$7,506$6,442$3,930
15 years$10,792$9,237$7,877$6,694$5,672$3,316
16 years$10,013$8,475$7,142$5,994$5,013$2,805
17 years$9,326$7,805$6,499$5,385$4,445$2,379
18 years$8,716$7,212$5,932$4,853$3,952$2,022
19 years$8,171$6,684$5,431$4,385$3,523$1,722
20 years$7,681$6,211$4,984$3,972$3,146$1,468
21 years$7,238$5,786$4,584$3,605$2,816$1,253
22 years$6,836$5,401$4,225$3,278$2,524$1,071
23 years$6,470$5,051$3,901$2,985$2,266$916
24 years$6,135$4,733$3,608$2,722$2,036$784
25 years$5,827$4,441$3,342$2,486$1,832$672
26 years$5,543$4,174$3,099$2,273$1,651$576
27 years$5,280$3,928$2,878$2,081$1,488$494
28 years$5,037$3,702$2,675$1,906$1,343$423
29 years$4,811$3,492$2,490$1,748$1,213$363
30 years$4,600$3,298$2,319$1,604$1,096$312
31 years$4,404$3,118$2,162$1,474$991$268
32 years$4,220$2,950$2,017$1,354$896$230
33 years$4,047$2,794$1,883$1,245$811$197
34 years$3,885$2,648$1,760$1,146$734$170
35 years$3,733$2,511$1,645$1,055$665$146
36 years$3,589$2,384$1,539$971$602$125
37 years$3,454$2,264$1,441$895$546$108
38 years$3,326$2,152$1,349$825$495$92
39 years$3,205$2,046$1,264$761$449$79
40 years$3,090$1,946$1,185$702$407$68
41 years$2,981$1,853$1,111$647$369$59
42 years$2,877$1,765$1,042$597$335$50
43 years$2,779$1,681$978$551$304$43
44 years$2,685$1,603$918$509$276$37
45 years$2,596$1,528$862$470$251$32
46 years$2,511$1,458$809$434$228$28
47 years$2,430$1,391$760$401$207$24
48 years$2,352$1,328$715$371$188$20
49 years$2,278$1,268$672$343$170$18
50 years$2,207$1,212$631$317$155$15

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 $5,657 every year, while hoping to spend $50,499 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: 29/43/28 Blend
58$2,260,000$2,260,000$2,260,000$2,260,000
59$2,496,355$2,376,575$2,341,545$2,547,033
60$2,697,253$2,439,297$2,366,256$2,650,254
61$2,916,950$2,503,399$2,390,103$2,756,382
62$3,157,310$2,568,897$2,413,003$2,869,472
63$3,420,385$2,635,803$2,434,868$2,990,161
64$3,708,438$2,704,130$2,455,609$3,119,150
65$4,023,955$2,773,889$2,475,129$3,257,213
66$4,369,679$2,845,090$2,493,326$3,405,201
67$4,748,627$2,917,741$2,510,094$3,564,050
68$5,164,126$2,991,849$2,525,321$3,734,796
69$5,619,837$3,067,420$2,538,889$3,918,576
70$6,119,792$3,144,455$2,550,674$4,116,645
71$6,668,435$3,222,958$2,560,545$4,330,385
72$7,270,659$3,302,926$2,568,367$4,561,322
73$7,931,854$3,384,358$2,573,995$4,811,134
74$8,657,958$3,467,246$2,577,279$5,081,673
75$9,455,512$3,551,583$2,578,060$5,374,980
76$10,331,721$3,637,358$2,576,172$5,693,305
77$11,294,524$3,724,556$2,571,441$6,039,128
78$12,352,665$3,813,158$2,563,684$6,415,182
79$13,515,779$3,903,145$2,552,709$6,824,482
80$14,794,479$3,994,490$2,538,316$7,270,349
81$16,200,459$4,087,163$2,520,293$7,756,448
82$17,746,603$4,181,132$2,498,420$8,286,817
83$19,447,105$4,276,356$2,472,466$8,865,906
84$21,317,605$4,372,792$2,442,188$9,498,626
85$23,375,333$4,470,391$2,407,333$10,190,386
86$25,639,273$4,569,097$2,367,636$10,947,152
87$28,130,345$4,668,849$2,322,818$11,775,502
88$30,871,596$4,769,578$2,272,588$12,682,686
89$33,888,422$4,871,210$2,216,642$13,676,699
90$37,208,803$4,973,661$2,154,662$14,766,353
91$40,863,571$5,076,841$2,086,313$15,961,364
92$44,886,699$5,180,650$2,011,249$17,272,444
93$49,315,620$5,284,980$1,929,103$18,711,401
94$54,191,581$5,389,711$1,839,496$20,291,255
95$59,560,032$5,494,717$1,742,029$22,026,355
96$65,471,054$5,599,856$1,636,285$23,932,525
97$71,979,830$5,704,978$1,521,829$26,027,207
98$79,147,169$5,809,919$1,398,207$28,329,627
99$87,040,077$5,914,501$1,264,944$30,860,983
100$95,732,389$6,018,536$1,121,543$33,644,642