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%11.3%
1 years$188,280$186,603$184,967$183,370$181,810$180,816
2 years$93,208$91,472$89,790$88,159$86,576$85,573
3 years$61,521$59,778$58,100$56,484$54,928$53,947
4 years$45,681$43,943$42,282$40,694$39,175$38,223
5 years$36,180$34,452$32,812$31,257$29,780$28,861
6 years$29,847$28,133$26,517$24,996$23,564$22,679
7 years$25,326$23,626$22,036$20,551$19,164$18,312
8 years$21,936$20,252$18,688$17,239$15,898$15,081
9 years$19,302$17,633$16,096$14,684$13,389$12,605
10 years$17,195$15,542$14,033$12,658$11,408$10,658
11 years$15,472$13,836$12,354$11,016$9,811$9,094
12 years$14,038$12,419$10,964$9,663$8,502$7,818
13 years$12,825$11,223$9,796$8,531$7,414$6,761
14 years$11,787$10,201$8,802$7,573$6,499$5,877
15 years$10,887$9,319$7,947$6,753$5,722$5,131
16 years$10,101$8,550$7,205$6,047$5,057$4,495
17 years$9,408$7,874$6,556$5,433$4,484$3,951
18 years$8,793$7,276$5,985$4,896$3,987$3,481
19 years$8,243$6,744$5,479$4,424$3,554$3,075
20 years$7,749$6,266$5,028$4,007$3,174$2,721
21 years$7,302$5,837$4,625$3,637$2,841$2,412
22 years$6,897$5,449$4,263$3,307$2,546$2,141
23 years$6,527$5,096$3,936$3,011$2,286$1,904
24 years$6,189$4,775$3,640$2,747$2,054$1,694
25 years$5,878$4,481$3,371$2,508$1,849$1,510
26 years$5,592$4,211$3,127$2,293$1,665$1,346
27 years$5,327$3,963$2,903$2,099$1,501$1,202
28 years$5,082$3,734$2,699$1,923$1,355$1,073
29 years$4,854$3,523$2,512$1,764$1,223$959
30 years$4,641$3,327$2,340$1,619$1,105$858
31 years$4,443$3,145$2,181$1,487$999$767
32 years$4,257$2,976$2,035$1,366$904$687
33 years$4,083$2,818$1,900$1,256$818$615
34 years$3,920$2,671$1,775$1,156$741$551
35 years$3,766$2,534$1,660$1,064$671$494
36 years$3,621$2,405$1,553$980$608$442
37 years$3,484$2,284$1,453$903$551$397
38 years$3,355$2,171$1,361$832$499$356
39 years$3,233$2,064$1,275$767$453$319
40 years$3,117$1,964$1,195$708$411$286
41 years$3,007$1,869$1,121$653$373$257
42 years$2,903$1,780$1,051$603$338$230
43 years$2,803$1,696$986$556$307$207
44 years$2,709$1,617$926$514$279$186
45 years$2,619$1,542$869$474$253$167
46 years$2,533$1,471$817$438$230$150
47 years$2,451$1,404$767$405$209$134
48 years$2,373$1,340$721$374$189$121
49 years$2,298$1,280$678$346$172$108
50 years$2,226$1,222$637$320$156$97

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 $4,913 every year, while hoping to spend $59,104 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: 44/46/10 Blend
58$2,280,000$2,280,000$2,280,000$2,280,000
59$2,517,628$2,396,788$2,361,448$2,620,990
60$2,711,540$2,451,344$2,377,670$2,747,826
61$2,923,250$2,506,593$2,392,455$2,878,807
62$3,154,511$2,562,506$2,405,692$3,019,434
63$3,407,253$2,619,050$2,417,264$3,170,614
64$3,683,600$2,676,191$2,427,050$3,333,347
65$3,985,893$2,733,890$2,434,922$3,508,737
66$4,316,706$2,792,103$2,440,744$3,697,997
67$4,678,876$2,850,782$2,444,375$3,902,465
68$5,075,526$2,909,875$2,445,666$4,123,615
69$5,510,095$2,969,325$2,444,462$4,363,072
70$5,986,373$3,029,069$2,440,599$4,622,624
71$6,508,529$3,089,040$2,433,905$4,904,245
72$7,081,158$3,149,162$2,424,201$5,210,107
73$7,709,322$3,209,357$2,411,297$5,542,607
74$8,398,594$3,269,537$2,394,997$5,904,386
75$9,155,114$3,329,607$2,375,092$6,298,353
76$9,985,645$3,389,467$2,351,367$6,727,716
77$10,897,636$3,449,006$2,323,593$7,196,012
78$11,899,293$3,508,106$2,291,532$7,707,139
79$12,999,659$3,566,641$2,254,936$8,265,392
80$14,208,690$3,624,472$2,213,542$8,875,507
81$15,537,359$3,681,454$2,167,079$9,542,707
82$16,997,753$3,737,429$2,115,259$10,272,746
83$18,603,188$3,792,227$2,057,785$11,071,970
84$20,368,335$3,845,668$1,994,342$11,947,371
85$22,309,357$3,897,557$1,924,604$12,906,660
86$24,444,062$3,947,688$1,848,229$13,958,337
87$26,792,070$3,995,839$1,764,858$15,111,771
88$29,374,998$4,041,772$1,674,118$16,377,292
89$32,216,665$4,085,235$1,575,618$17,766,286
90$35,343,312$4,125,959$1,468,948$19,291,305
91$38,783,854$4,163,655$1,353,682$20,966,188
92$42,570,150$4,198,018$1,229,374$22,806,188
93$46,737,305$4,228,720$1,095,557$24,828,121
94$51,323,996$4,255,414$951,745$27,050,525
95$56,372,845$4,277,730$797,429$29,493,832
96$61,930,810$4,295,274$632,078$32,180,570
97$68,049,638$4,307,627$455,138$35,135,570
98$74,786,345$4,314,346$266,030$38,386,204
99$82,203,760$4,314,956$64,149$41,962,646
100$90,371,111$4,308,956$0$45,898,156