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%11.5%
1 years$187,454$185,785$184,156$182,566$181,013$179,872
2 years$92,799$91,071$89,396$87,772$86,197$85,046
3 years$61,252$59,516$57,845$56,236$54,687$53,562
4 years$45,481$43,750$42,096$40,515$39,003$37,912
5 years$36,021$34,301$32,669$31,119$29,649$28,596
6 years$29,716$28,009$26,401$24,887$23,461$22,446
7 years$25,215$23,522$21,939$20,461$19,080$18,105
8 years$21,840$20,163$18,606$17,164$15,829$14,893
9 years$19,217$17,555$16,026$14,620$13,330$12,434
10 years$17,120$15,474$13,972$12,602$11,358$10,500
11 years$15,405$13,776$12,300$10,968$9,768$8,949
12 years$13,977$12,364$10,916$9,620$8,465$7,683
13 years$12,769$11,174$9,753$8,493$7,381$6,636
14 years$11,735$10,157$8,763$7,539$6,471$5,761
15 years$10,840$9,278$7,912$6,724$5,697$5,023
16 years$10,057$8,513$7,173$6,020$5,035$4,395
17 years$9,367$7,840$6,527$5,409$4,465$3,857
18 years$8,755$7,244$5,959$4,875$3,970$3,394
19 years$8,207$6,714$5,455$4,405$3,538$2,993
20 years$7,715$6,239$5,006$3,989$3,160$2,645
21 years$7,270$5,811$4,605$3,621$2,828$2,341
22 years$6,867$5,425$4,244$3,292$2,535$2,076
23 years$6,499$5,074$3,919$2,998$2,276$1,842
24 years$6,162$4,754$3,624$2,734$2,045$1,637
25 years$5,852$4,461$3,357$2,497$1,841$1,457
26 years$5,567$4,193$3,113$2,283$1,658$1,297
27 years$5,304$3,946$2,891$2,090$1,495$1,156
28 years$5,059$3,718$2,687$1,915$1,349$1,031
29 years$4,832$3,508$2,501$1,756$1,218$920
30 years$4,621$3,313$2,329$1,612$1,100$821
31 years$4,423$3,131$2,172$1,480$995$733
32 years$4,238$2,963$2,026$1,360$900$655
33 years$4,065$2,806$1,892$1,251$814$586
34 years$3,903$2,659$1,768$1,151$737$524
35 years$3,750$2,522$1,653$1,059$668$469
36 years$3,605$2,394$1,546$976$605$419
37 years$3,469$2,274$1,447$899$548$375
38 years$3,341$2,161$1,355$829$497$336
39 years$3,219$2,055$1,270$764$451$301
40 years$3,103$1,955$1,190$705$409$269
41 years$2,994$1,861$1,116$650$371$241
42 years$2,890$1,772$1,047$600$337$216
43 years$2,791$1,689$982$554$306$194
44 years$2,697$1,610$922$511$277$173
45 years$2,607$1,535$866$472$252$155
46 years$2,522$1,464$813$436$229$139
47 years$2,440$1,397$764$403$208$125
48 years$2,362$1,334$718$372$189$112
49 years$2,288$1,274$675$344$171$100
50 years$2,216$1,217$634$318$156$90

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 $4,174 every year, while hoping to spend $22,968 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: 39/41/20 Blend
58$2,270,000$2,270,000$2,270,000$2,270,000
59$2,505,845$2,385,535$2,350,350$2,588,488
60$2,737,004$2,477,989$2,404,649$2,740,736
61$2,990,971$2,574,203$2,459,998$2,902,758
62$3,270,048$2,674,337$2,516,406$3,077,479
63$3,576,772$2,778,559$2,573,885$3,266,063
64$3,913,938$2,887,043$2,632,445$3,469,788
65$4,284,622$2,999,971$2,692,094$3,690,058
66$4,692,218$3,117,534$2,752,844$3,928,414
67$5,140,461$3,239,930$2,814,701$4,186,549
68$5,633,469$3,367,367$2,877,674$4,466,323
69$6,175,776$3,500,062$2,941,770$4,769,781
70$6,772,382$3,638,241$3,006,995$5,099,170
71$7,428,791$3,782,141$3,073,356$5,456,958
72$8,151,072$3,932,010$3,140,857$5,845,861
73$8,945,908$4,088,105$3,209,503$6,268,865
74$9,820,665$4,250,697$3,279,296$6,729,250
75$10,783,460$4,420,068$3,350,239$7,230,627
76$11,843,234$4,596,512$3,422,333$7,776,967
77$13,009,840$4,780,338$3,495,577$8,372,636
78$14,294,135$4,971,866$3,569,971$9,022,440
79$15,708,084$5,171,435$3,645,512$9,731,663
80$17,264,868$5,379,394$3,722,196$10,506,121
81$18,979,012$5,596,112$3,800,018$11,352,216
82$20,866,523$5,821,973$3,878,969$12,276,988
83$22,945,036$6,057,378$3,959,043$13,288,190
84$25,233,987$6,302,747$4,040,229$14,394,351
85$27,754,791$6,558,518$4,122,513$15,604,863
86$30,531,045$6,825,151$4,205,883$16,930,062
87$33,588,753$7,103,125$4,290,321$18,381,325
88$36,956,569$7,392,941$4,375,810$19,971,181
89$40,666,067$7,695,123$4,462,328$21,713,420
90$44,752,042$8,010,221$4,549,852$23,623,228
91$49,252,835$8,338,806$4,638,356$25,717,323
92$54,210,695$8,681,478$4,727,812$28,014,117
93$59,672,180$9,038,865$4,818,188$30,533,881
94$65,688,594$9,411,621$4,909,449$33,298,941
95$72,316,473$9,800,433$5,001,558$36,333,881
96$79,618,116$10,206,017$5,094,473$39,665,776
97$87,662,176$10,629,124$5,188,150$43,324,445
98$96,524,305$11,070,537$5,282,540$47,342,731
99$106,287,869$11,531,079$5,377,590$51,756,803
100$117,044,737$12,011,607$5,473,244$56,606,504