Can I retire at age 59 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$187,454$185,785$184,156$182,566$181,013$178,308
2 years$92,799$91,071$89,396$87,772$86,197$83,478
3 years$61,252$59,516$57,845$56,236$54,687$52,038
4 years$45,481$43,750$42,096$40,515$39,003$36,445
5 years$36,021$34,301$32,669$31,119$29,649$27,190
6 years$29,716$28,009$26,401$24,887$23,461$21,102
7 years$25,215$23,522$21,939$20,461$19,080$16,823
8 years$21,840$20,163$18,606$17,164$15,829$13,674
9 years$19,217$17,555$16,026$14,620$13,330$11,275
10 years$17,120$15,474$13,972$12,602$11,358$9,402
11 years$15,405$13,776$12,300$10,968$9,768$7,909
12 years$13,977$12,364$10,916$9,620$8,465$6,701
13 years$12,769$11,174$9,753$8,493$7,381$5,710
14 years$11,735$10,157$8,763$7,539$6,471$4,888
15 years$10,840$9,278$7,912$6,724$5,697$4,202
16 years$10,057$8,513$7,173$6,020$5,035$3,624
17 years$9,367$7,840$6,527$5,409$4,465$3,134
18 years$8,755$7,244$5,959$4,875$3,970$2,717
19 years$8,207$6,714$5,455$4,405$3,538$2,360
20 years$7,715$6,239$5,006$3,989$3,160$2,053
21 years$7,270$5,811$4,605$3,621$2,828$1,789
22 years$6,867$5,425$4,244$3,292$2,535$1,561
23 years$6,499$5,074$3,919$2,998$2,276$1,364
24 years$6,162$4,754$3,624$2,734$2,045$1,193
25 years$5,852$4,461$3,357$2,497$1,841$1,044
26 years$5,567$4,193$3,113$2,283$1,658$914
27 years$5,304$3,946$2,891$2,090$1,495$801
28 years$5,059$3,718$2,687$1,915$1,349$702
29 years$4,832$3,508$2,501$1,756$1,218$616
30 years$4,621$3,313$2,329$1,612$1,100$541
31 years$4,423$3,131$2,172$1,480$995$475
32 years$4,238$2,963$2,026$1,360$900$417
33 years$4,065$2,806$1,892$1,251$814$366
34 years$3,903$2,659$1,768$1,151$737$322
35 years$3,750$2,522$1,653$1,059$668$283
36 years$3,605$2,394$1,546$976$605$249
37 years$3,469$2,274$1,447$899$548$219
38 years$3,341$2,161$1,355$829$497$192
39 years$3,219$2,055$1,270$764$451$169
40 years$3,103$1,955$1,190$705$409$149
41 years$2,994$1,861$1,116$650$371$131
42 years$2,890$1,772$1,047$600$337$115
43 years$2,791$1,689$982$554$306$101
44 years$2,697$1,610$922$511$277$89
45 years$2,607$1,535$866$472$252$78
46 years$2,522$1,464$813$436$229$69
47 years$2,440$1,397$764$403$208$61
48 years$2,362$1,334$718$372$189$53
49 years$2,288$1,274$675$344$171$47
50 years$2,216$1,217$634$318$156$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,270,000, adding $2,067 every year, while hoping to spend $35,219 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: 39/38/23 Blend
58$2,270,000$2,270,000$2,270,000$2,270,000
59$2,503,672$2,383,362$2,348,177$2,584,117
60$2,721,574$2,462,674$2,389,368$2,721,791
61$2,960,521$2,544,692$2,430,759$2,867,097
62$3,222,624$2,629,511$2,472,319$3,023,513
63$3,510,205$2,717,231$2,514,015$3,192,071
64$3,825,824$2,807,953$2,555,812$3,373,902
65$4,172,299$2,901,784$2,597,673$3,570,252
66$4,552,737$2,998,835$2,639,559$3,782,491
67$4,970,557$3,099,219$2,681,425$4,012,123
68$5,429,529$3,203,055$2,723,228$4,260,805
69$5,933,803$3,310,467$2,764,918$4,530,358
70$6,487,952$3,421,582$2,806,444$4,822,787
71$7,097,015$3,536,531$2,847,752$5,140,296
72$7,766,543$3,655,453$2,888,783$5,485,314
73$8,502,649$3,778,489$2,929,477$5,860,508
74$9,312,072$3,905,787$2,969,767$6,268,820
75$10,202,233$4,037,501$3,009,584$6,713,482
76$11,181,312$4,173,789$3,048,856$7,198,057
77$12,258,318$4,314,817$3,087,504$7,726,464
78$13,443,178$4,460,755$3,125,448$8,303,019
79$14,746,831$4,611,781$3,162,599$8,932,472
80$16,181,329$4,768,080$3,198,868$9,620,057
81$17,759,951$4,929,842$3,234,156$10,371,532
82$19,497,329$5,097,267$3,268,363$11,193,241
83$21,409,583$5,270,560$3,301,380$12,092,171
84$23,514,479$5,449,935$3,333,094$13,076,014
85$25,831,589$5,635,616$3,363,386$14,153,242
86$28,382,482$5,827,831$3,392,130$15,333,187
87$31,190,921$6,026,821$3,419,193$16,626,128
88$34,283,095$6,232,835$3,444,436$18,043,384
89$37,687,857$6,446,131$3,467,711$19,597,425
90$41,437,003$6,666,976$3,488,864$21,301,987
91$45,565,570$6,895,650$3,507,733$23,172,199
92$50,112,162$7,132,441$3,524,147$25,224,729
93$55,119,323$7,377,651$3,537,926$27,477,938
94$60,633,929$7,631,591$3,548,882$29,952,053
95$66,707,637$7,894,586$3,556,816$32,669,356
96$73,397,368$8,166,973$3,561,522$35,654,397
97$80,765,847$8,449,102$3,562,780$38,934,221
98$88,882,192$8,741,336$3,560,361$42,538,625
99$97,822,568$9,044,054$3,554,026$46,500,437
100$107,670,906$9,357,649$3,543,521$50,855,825