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%12.3%
1 years$188,280$186,603$184,967$183,370$181,810$180,062
2 years$93,208$91,472$89,790$88,159$86,576$84,815
3 years$61,521$59,778$58,100$56,484$54,928$53,208
4 years$45,681$43,943$42,282$40,694$39,175$37,510
5 years$36,180$34,452$32,812$31,257$29,780$28,175
6 years$29,847$28,133$26,517$24,996$23,564$22,021
7 years$25,326$23,626$22,036$20,551$19,164$17,683
8 years$21,936$20,252$18,688$17,239$15,898$14,480
9 years$19,302$17,633$16,096$14,684$13,389$12,032
10 years$17,195$15,542$14,033$12,658$11,408$10,113
11 years$15,472$13,836$12,354$11,016$9,811$8,576
12 years$14,038$12,419$10,964$9,663$8,502$7,326
13 years$12,825$11,223$9,796$8,531$7,414$6,296
14 years$11,787$10,201$8,802$7,573$6,499$5,437
15 years$10,887$9,319$7,947$6,753$5,722$4,715
16 years$10,101$8,550$7,205$6,047$5,057$4,103
17 years$9,408$7,874$6,556$5,433$4,484$3,581
18 years$8,793$7,276$5,985$4,896$3,987$3,133
19 years$8,243$6,744$5,479$4,424$3,554$2,747
20 years$7,749$6,266$5,028$4,007$3,174$2,414
21 years$7,302$5,837$4,625$3,637$2,841$2,124
22 years$6,897$5,449$4,263$3,307$2,546$1,872
23 years$6,527$5,096$3,936$3,011$2,286$1,651
24 years$6,189$4,775$3,640$2,747$2,054$1,459
25 years$5,878$4,481$3,371$2,508$1,849$1,289
26 years$5,592$4,211$3,127$2,293$1,665$1,141
27 years$5,327$3,963$2,903$2,099$1,501$1,010
28 years$5,082$3,734$2,699$1,923$1,355$895
29 years$4,854$3,523$2,512$1,764$1,223$794
30 years$4,641$3,327$2,340$1,619$1,105$704
31 years$4,443$3,145$2,181$1,487$999$625
32 years$4,257$2,976$2,035$1,366$904$555
33 years$4,083$2,818$1,900$1,256$818$492
34 years$3,920$2,671$1,775$1,156$741$437
35 years$3,766$2,534$1,660$1,064$671$389
36 years$3,621$2,405$1,553$980$608$345
37 years$3,484$2,284$1,453$903$551$307
38 years$3,355$2,171$1,361$832$499$273
39 years$3,233$2,064$1,275$767$453$243
40 years$3,117$1,964$1,195$708$411$216
41 years$3,007$1,869$1,121$653$373$192
42 years$2,903$1,780$1,051$603$338$171
43 years$2,803$1,696$986$556$307$152
44 years$2,709$1,617$926$514$279$135
45 years$2,619$1,542$869$474$253$120
46 years$2,533$1,471$817$438$230$107
47 years$2,451$1,404$767$405$209$95
48 years$2,373$1,340$721$374$189$85
49 years$2,298$1,280$678$346$172$76
50 years$2,226$1,222$637$320$156$67

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 $5,880 every year, while hoping to spend $32,572 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: 39/47/14 Blend
58$2,280,000$2,280,000$2,280,000$2,280,000
59$2,518,625$2,397,785$2,362,445$2,606,048
60$2,740,869$2,480,620$2,406,931$2,751,589
61$2,984,689$2,566,423$2,451,815$2,905,249
62$3,252,253$2,655,303$2,497,077$3,070,689
63$3,545,948$2,747,378$2,542,693$3,248,987
64$3,868,401$2,842,765$2,588,640$3,441,328
65$4,222,508$2,941,591$2,634,889$3,649,016
66$4,611,459$3,043,985$2,681,414$3,873,480
67$5,038,769$3,150,081$2,728,182$4,116,293
68$5,508,307$3,260,019$2,775,160$4,379,183
69$6,024,340$3,373,945$2,822,313$4,664,050
70$6,591,565$3,492,010$2,869,603$4,972,981
71$7,215,158$3,614,372$2,916,988$5,308,274
72$7,900,821$3,741,194$2,964,425$5,672,453
73$8,654,839$3,872,647$3,011,867$6,068,296
74$9,484,133$4,008,907$3,059,265$6,498,858
75$10,396,330$4,150,158$3,106,565$6,967,501
76$11,399,832$4,296,592$3,153,712$7,477,922
77$12,503,898$4,448,409$3,200,644$8,034,189
78$13,718,730$4,605,815$3,247,300$8,640,781
79$15,055,566$4,769,026$3,293,611$9,302,624
80$16,526,792$4,938,267$3,339,505$10,025,141
81$18,146,053$5,113,770$3,384,907$10,814,302
82$19,928,385$5,295,779$3,429,735$11,676,676
83$21,890,355$5,484,547$3,473,906$12,619,497
84$24,050,218$5,680,337$3,517,329$13,650,726
85$26,428,089$5,883,422$3,559,908$14,779,130
86$29,046,133$6,094,088$3,601,543$16,014,362
87$31,928,772$6,312,631$3,642,128$17,367,048
88$35,102,917$6,539,361$3,681,551$18,848,892
89$38,598,225$6,774,600$3,719,692$20,472,779
90$42,447,370$7,018,681$3,756,428$22,252,900
91$46,686,359$7,271,955$3,791,626$24,204,884
92$51,354,871$7,534,783$3,825,149$26,345,943
93$56,496,625$7,807,546$3,856,849$28,695,031
94$62,159,801$8,090,635$3,886,573$31,273,028
95$68,397,487$8,384,462$3,914,160$34,102,929
96$75,268,184$8,689,455$3,939,438$37,210,064
97$82,836,359$9,006,058$3,962,229$40,622,331
98$91,173,048$9,334,735$3,982,344$44,370,464
99$100,356,532$9,675,970$3,999,585$48,488,315
100$110,473,072$10,030,266$4,013,745$53,013,176