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%19.2%
1 years$186,629$184,966$183,344$181,761$180,216$173,545
2 years$92,390$90,670$89,002$87,385$85,817$79,172
3 years$60,982$59,254$57,590$55,989$54,446$48,035
4 years$45,281$43,558$41,911$40,337$38,831$32,704
5 years$35,862$34,150$32,525$30,982$29,519$23,691
6 years$29,585$27,886$26,285$24,777$23,357$17,833
7 years$25,104$23,419$21,843$20,370$18,996$13,773
8 years$21,744$20,074$18,524$17,088$15,759$10,833
9 years$19,132$17,478$15,955$14,555$13,271$8,636
10 years$17,044$15,406$13,910$12,547$11,308$6,955
11 years$15,337$13,715$12,246$10,920$9,725$5,645
12 years$13,915$12,310$10,868$9,578$8,427$4,610
13 years$12,713$11,125$9,710$8,456$7,349$3,783
14 years$11,683$10,112$8,724$7,506$6,442$3,117
15 years$10,792$9,237$7,877$6,694$5,672$2,576
16 years$10,013$8,475$7,142$5,994$5,013$2,134
17 years$9,326$7,805$6,499$5,385$4,445$1,772
18 years$8,716$7,212$5,932$4,853$3,952$1,474
19 years$8,171$6,684$5,431$4,385$3,523$1,228
20 years$7,681$6,211$4,984$3,972$3,146$1,024
21 years$7,238$5,786$4,584$3,605$2,816$855
22 years$6,836$5,401$4,225$3,278$2,524$714
23 years$6,470$5,051$3,901$2,985$2,266$597
24 years$6,135$4,733$3,608$2,722$2,036$500
25 years$5,827$4,441$3,342$2,486$1,832$418
26 years$5,543$4,174$3,099$2,273$1,651$350
27 years$5,280$3,928$2,878$2,081$1,488$293
28 years$5,037$3,702$2,675$1,906$1,343$246
29 years$4,811$3,492$2,490$1,748$1,213$206
30 years$4,600$3,298$2,319$1,604$1,096$172
31 years$4,404$3,118$2,162$1,474$991$145
32 years$4,220$2,950$2,017$1,354$896$121
33 years$4,047$2,794$1,883$1,245$811$102
34 years$3,885$2,648$1,760$1,146$734$85
35 years$3,733$2,511$1,645$1,055$665$71
36 years$3,589$2,384$1,539$971$602$60
37 years$3,454$2,264$1,441$895$546$50
38 years$3,326$2,152$1,349$825$495$42
39 years$3,205$2,046$1,264$761$449$35
40 years$3,090$1,946$1,185$702$407$30
41 years$2,981$1,853$1,111$647$369$25
42 years$2,877$1,765$1,042$597$335$21
43 years$2,779$1,681$978$551$304$18
44 years$2,685$1,603$918$509$276$15
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$9
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 $2,479 every year, while hoping to spend $49,945 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: 88/7/5 Blend
58$2,260,000$2,260,000$2,260,000$2,260,000
59$2,493,077$2,373,297$2,338,267$2,712,545
60$2,694,230$2,436,448$2,363,458$2,918,838
61$2,914,226$2,501,018$2,387,819$3,138,340
62$3,154,936$2,567,027$2,411,269$3,377,993
63$3,418,416$2,634,488$2,433,724$3,639,789
64$3,706,935$2,703,418$2,455,094$3,925,923
65$4,022,987$2,773,831$2,475,284$4,238,812
66$4,369,322$2,845,739$2,494,196$4,581,116
67$4,748,967$2,919,154$2,511,726$4,955,769
68$5,165,256$2,994,087$2,527,763$5,365,997
69$5,621,861$3,070,546$2,542,192$5,815,358
70$6,122,826$3,148,538$2,554,891$6,307,768
71$6,672,608$3,228,070$2,565,733$6,847,541
72$7,276,113$3,309,144$2,574,584$7,439,429
73$7,938,746$3,391,762$2,581,303$8,088,669
74$8,666,463$3,475,924$2,585,741$8,801,027
75$9,465,824$3,561,625$2,587,745$9,582,856
76$10,344,053$3,648,859$2,587,149$10,441,156
77$11,309,112$3,737,619$2,583,785$11,383,636
78$12,369,771$3,827,892$2,577,471$12,418,792
79$13,535,692$3,919,664$2,568,021$13,555,984
80$14,817,520$4,012,914$2,555,236$14,805,522
81$16,226,981$4,107,621$2,538,911$16,178,767
82$17,776,996$4,203,758$2,518,828$17,688,236
83$19,481,801$4,301,293$2,494,760$19,347,720
84$21,357,081$4,400,192$2,466,470$21,172,416
85$23,420,115$4,500,414$2,433,709$23,179,064
86$25,689,944$4,601,911$2,396,215$25,386,114
87$28,187,546$4,704,632$2,353,716$27,813,891
88$30,936,036$4,808,520$2,305,926$30,484,792
89$33,960,883$4,913,509$2,252,546$33,423,497
90$37,290,150$5,019,527$2,193,263$36,657,199
91$40,954,757$5,126,497$2,127,750$40,215,861
92$44,988,777$5,234,329$2,055,663$44,132,500
93$49,429,750$5,342,929$1,976,646$48,443,497
94$54,319,044$5,452,192$1,890,324$53,188,944
95$59,702,241$5,562,005$1,796,304$58,413,014
96$65,629,568$5,672,241$1,694,179$64,164,386
97$72,156,370$5,782,767$1,583,520$70,496,700
98$79,343,632$5,893,435$1,463,880$77,469,064
99$87,258,555$6,004,086$1,334,792$85,146,610
100$95,975,190$6,114,548$1,195,770$93,601,113