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%16%
1 years$187,454$185,785$184,156$182,566$181,013$176,565
2 years$92,799$91,071$89,396$87,772$86,197$81,743
3 years$61,252$59,516$57,845$56,236$54,687$50,367
4 years$45,481$43,750$42,096$40,515$39,003$34,850
5 years$36,021$34,301$32,669$31,119$29,649$25,674
6 years$29,716$28,009$26,401$24,887$23,461$19,668
7 years$25,215$23,522$21,939$20,461$19,080$15,469
8 years$21,840$20,163$18,606$17,164$15,829$12,399
9 years$19,217$17,555$16,026$14,620$13,330$10,079
10 years$17,120$15,474$13,972$12,602$11,358$8,281
11 years$15,405$13,776$12,300$10,968$9,768$6,861
12 years$13,977$12,364$10,916$9,620$8,465$5,723
13 years$12,769$11,174$9,753$8,493$7,381$4,800
14 years$11,735$10,157$8,763$7,539$6,471$4,043
15 years$10,840$9,278$7,912$6,724$5,697$3,418
16 years$10,057$8,513$7,173$6,020$5,035$2,898
17 years$9,367$7,840$6,527$5,409$4,465$2,463
18 years$8,755$7,244$5,959$4,875$3,970$2,098
19 years$8,207$6,714$5,455$4,405$3,538$1,791
20 years$7,715$6,239$5,006$3,989$3,160$1,530
21 years$7,270$5,811$4,605$3,621$2,828$1,309
22 years$6,867$5,425$4,244$3,292$2,535$1,122
23 years$6,499$5,074$3,919$2,998$2,276$962
24 years$6,162$4,754$3,624$2,734$2,045$825
25 years$5,852$4,461$3,357$2,497$1,841$708
26 years$5,567$4,193$3,113$2,283$1,658$609
27 years$5,304$3,946$2,891$2,090$1,495$523
28 years$5,059$3,718$2,687$1,915$1,349$450
29 years$4,832$3,508$2,501$1,756$1,218$387
30 years$4,621$3,313$2,329$1,612$1,100$333
31 years$4,423$3,131$2,172$1,480$995$287
32 years$4,238$2,963$2,026$1,360$900$247
33 years$4,065$2,806$1,892$1,251$814$212
34 years$3,903$2,659$1,768$1,151$737$183
35 years$3,750$2,522$1,653$1,059$668$158
36 years$3,605$2,394$1,546$976$605$136
37 years$3,469$2,274$1,447$899$548$117
38 years$3,341$2,161$1,355$829$497$101
39 years$3,219$2,055$1,270$764$451$87
40 years$3,103$1,955$1,190$705$409$75
41 years$2,994$1,861$1,116$650$371$64
42 years$2,890$1,772$1,047$600$337$56
43 years$2,791$1,689$982$554$306$48
44 years$2,697$1,610$922$511$277$41
45 years$2,607$1,535$866$472$252$36
46 years$2,522$1,464$813$436$229$31
47 years$2,440$1,397$764$403$208$26
48 years$2,362$1,334$718$372$189$23
49 years$2,288$1,274$675$344$171$20
50 years$2,216$1,217$634$318$156$17

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 $2,217 every year, while hoping to spend $49,909 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: 66/17/17 Blend
58$2,270,000$2,270,000$2,270,000$2,270,000
59$2,503,827$2,383,517$2,348,332$2,658,540
60$2,706,114$2,447,206$2,373,898$2,826,023
61$2,927,363$2,512,344$2,398,648$3,003,042
62$3,169,453$2,578,948$2,422,502$3,195,328
63$3,434,456$2,647,036$2,445,375$3,404,375
64$3,724,654$2,716,624$2,467,179$3,631,832
65$4,042,558$2,787,728$2,487,819$3,879,511
66$4,390,936$2,860,363$2,507,197$4,149,409
67$4,772,833$2,934,543$2,525,210$4,443,727
68$5,191,605$3,010,278$2,541,748$4,764,889
69$5,650,948$3,087,581$2,556,696$5,115,565
70$6,154,933$3,166,461$2,569,933$5,498,696
71$6,708,043$3,246,925$2,581,333$5,917,521
72$7,315,218$3,328,979$2,590,762$6,375,612
73$7,981,898$3,412,626$2,598,080$6,876,902
74$8,714,075$3,497,869$2,603,140$7,425,723
75$9,518,353$3,584,706$2,605,787$8,026,851
76$10,402,003$3,673,135$2,605,859$8,685,546
77$11,373,038$3,763,149$2,603,186$9,407,606
78$12,440,284$3,854,740$2,597,589$10,199,416
79$13,613,467$3,947,896$2,588,882$11,068,015
80$14,903,299$4,042,600$2,576,867$12,021,159
81$16,321,583$4,138,836$2,561,340$13,067,392
82$17,881,323$4,236,578$2,542,084$14,216,131
83$19,596,848$4,335,800$2,518,874$15,477,752
84$21,483,943$4,436,470$2,491,472$16,863,689
85$23,560,000$4,538,552$2,459,631$18,386,544
86$25,844,183$4,642,004$2,423,092$20,060,200
87$28,357,606$4,746,779$2,381,582$21,899,959
88$31,123,533$4,852,823$2,334,817$23,922,682
89$34,167,599$4,960,077$2,282,499$26,146,951
90$37,518,048$5,068,474$2,224,316$28,593,242
91$41,206,002$5,177,942$2,159,943$31,284,120
92$45,265,751$5,288,398$2,089,039$34,244,454
93$49,735,082$5,399,755$2,011,246$37,501,645
94$54,655,631$5,511,912$1,926,192$41,085,894
95$60,073,273$5,624,764$1,833,488$45,030,482
96$66,038,562$5,738,193$1,732,725$49,372,083
97$72,607,202$5,852,071$1,623,478$54,151,116
98$79,840,574$5,966,259$1,505,301$59,412,120
99$87,806,313$6,080,607$1,377,730$65,204,182
100$96,578,951$6,194,951$1,240,278$71,581,395