Can I retire at age 59 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$188,280$186,603$184,967$183,370$181,810$177,849
2 years$93,208$91,472$89,790$88,159$86,576$82,605
3 years$61,521$59,778$58,100$56,484$54,928$51,071
4 years$45,681$43,943$42,282$40,694$39,175$35,462
5 years$36,180$34,452$32,812$31,257$29,780$26,222
6 years$29,847$28,133$26,517$24,996$23,564$20,164
7 years$25,326$23,626$22,036$20,551$19,164$15,922
8 years$21,936$20,252$18,688$17,239$15,898$12,814
9 years$19,302$17,633$16,096$14,684$13,389$10,460
10 years$17,195$15,542$14,033$12,658$11,408$8,632
11 years$15,472$13,836$12,354$11,016$9,811$7,184
12 years$14,038$12,419$10,964$9,663$8,502$6,020
13 years$12,825$11,223$9,796$8,531$7,414$5,072
14 years$11,787$10,201$8,802$7,573$6,499$4,293
15 years$10,887$9,319$7,947$6,753$5,722$3,647
16 years$10,101$8,550$7,205$6,047$5,057$3,108
17 years$9,408$7,874$6,556$5,433$4,484$2,655
18 years$8,793$7,276$5,985$4,896$3,987$2,273
19 years$8,243$6,744$5,479$4,424$3,554$1,950
20 years$7,749$6,266$5,028$4,007$3,174$1,675
21 years$7,302$5,837$4,625$3,637$2,841$1,441
22 years$6,897$5,449$4,263$3,307$2,546$1,241
23 years$6,527$5,096$3,936$3,011$2,286$1,070
24 years$6,189$4,775$3,640$2,747$2,054$923
25 years$5,878$4,481$3,371$2,508$1,849$797
26 years$5,592$4,211$3,127$2,293$1,665$689
27 years$5,327$3,963$2,903$2,099$1,501$595
28 years$5,082$3,734$2,699$1,923$1,355$515
29 years$4,854$3,523$2,512$1,764$1,223$445
30 years$4,641$3,327$2,340$1,619$1,105$385
31 years$4,443$3,145$2,181$1,487$999$334
32 years$4,257$2,976$2,035$1,366$904$289
33 years$4,083$2,818$1,900$1,256$818$250
34 years$3,920$2,671$1,775$1,156$741$217
35 years$3,766$2,534$1,660$1,064$671$188
36 years$3,621$2,405$1,553$980$608$163
37 years$3,484$2,284$1,453$903$551$141
38 years$3,355$2,171$1,361$832$499$122
39 years$3,233$2,064$1,275$767$453$106
40 years$3,117$1,964$1,195$708$411$92
41 years$3,007$1,869$1,121$653$373$80
42 years$2,903$1,780$1,051$603$338$69
43 years$2,803$1,696$986$556$307$60
44 years$2,709$1,617$926$514$279$52
45 years$2,619$1,542$869$474$253$45
46 years$2,533$1,471$817$438$230$39
47 years$2,451$1,404$767$405$209$34
48 years$2,373$1,340$721$374$189$29
49 years$2,298$1,280$678$346$172$25
50 years$2,226$1,222$637$320$156$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,280,000, adding $5,665 every year, while hoping to spend $32,418 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: 51/25/24 Blend
58$2,280,000$2,280,000$2,280,000$2,280,000
59$2,518,403$2,397,563$2,362,223$2,629,657
60$2,740,788$2,480,552$2,406,865$2,790,395
61$2,984,769$2,566,520$2,451,916$2,961,316
62$3,252,516$2,655,579$2,497,356$3,146,503
63$3,546,417$2,747,847$2,543,161$3,347,323
64$3,869,103$2,843,443$2,589,309$3,565,282
65$4,223,474$2,942,494$2,635,773$3,802,035
66$4,612,721$3,045,129$2,682,524$4,059,404
67$5,040,363$3,151,484$2,729,533$4,339,394
68$5,510,274$3,261,701$2,776,766$4,644,211
69$6,026,724$3,375,926$2,824,190$4,976,285
70$6,594,415$3,494,312$2,871,766$5,338,290
71$7,218,529$3,617,017$2,919,454$5,733,170
72$7,904,775$3,744,207$2,967,211$6,164,165
73$8,659,441$3,876,052$3,014,992$6,634,845
74$9,489,457$4,012,732$3,062,747$7,149,138
75$10,402,457$4,154,432$3,110,425$7,711,370
76$11,406,854$4,301,345$3,157,970$8,326,307
77$12,511,914$4,453,672$3,205,323$8,999,195
78$13,727,850$4,611,622$3,252,422$9,735,813
79$15,065,912$4,775,413$3,299,200$10,542,525
80$16,538,498$4,945,271$3,345,586$11,426,341
81$18,159,267$5,121,432$3,391,505$12,394,980
82$19,943,271$5,304,141$3,436,879$13,456,946
83$21,907,094$5,493,652$3,481,624$14,621,607
84$24,069,009$5,690,233$3,525,650$15,899,281
85$26,449,152$5,894,159$3,568,864$17,301,333
86$29,069,711$6,105,718$3,611,166$18,840,284
87$31,955,134$6,325,210$3,652,452$20,529,927
88$35,132,359$6,552,947$3,692,611$22,385,458
89$38,631,072$6,789,254$3,731,526$24,423,615
90$42,483,983$7,034,469$3,769,073$26,662,843
91$46,727,136$7,288,945$3,805,124$29,123,457
92$51,400,248$7,553,048$3,839,540$31,827,843
93$56,547,087$7,827,161$3,872,179$34,800,663
94$62,215,881$8,111,682$3,902,887$38,069,089
95$68,459,772$8,407,025$3,931,505$41,663,059
96$75,337,323$8,713,624$3,957,864$45,615,556
97$82,913,065$9,031,927$3,981,789$49,962,924
98$91,258,111$9,362,405$4,003,092$54,745,206
99$100,450,820$9,705,545$4,021,577$60,006,522
100$110,577,544$10,061,857$4,037,040$65,795,485