Can I retire at age 59 with 2,290,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$189,106$187,422$185,778$184,174$182,608$175,640
2 years$93,617$91,873$90,184$88,545$86,956$80,018
3 years$61,791$60,040$58,355$56,732$55,169$48,479
4 years$45,882$44,136$42,467$40,872$39,347$32,956
5 years$36,338$34,603$32,956$31,394$29,911$23,836
6 years$29,978$28,256$26,634$25,106$23,667$17,912
7 years$25,437$23,729$22,133$20,641$19,248$13,811
8 years$22,033$20,340$18,770$17,315$15,968$10,843
9 years$19,386$17,710$16,167$14,749$13,447$8,628
10 years$17,270$15,611$14,095$12,713$11,458$6,935
11 years$15,540$13,897$12,409$11,065$9,854$5,618
12 years$14,100$12,473$11,012$9,705$8,539$4,579
13 years$12,882$11,272$9,839$8,568$7,446$3,750
14 years$11,838$10,246$8,840$7,606$6,528$3,083
15 years$10,935$9,360$7,982$6,783$5,747$2,542
16 years$10,146$8,588$7,236$6,073$5,080$2,102
17 years$9,450$7,909$6,585$5,457$4,504$1,742
18 years$8,832$7,308$6,011$4,918$4,005$1,445
19 years$8,279$6,773$5,503$4,444$3,569$1,201
20 years$7,783$6,294$5,050$4,025$3,188$1,000
21 years$7,334$5,863$4,645$3,653$2,853$832
22 years$6,927$5,472$4,281$3,321$2,557$694
23 years$6,556$5,118$3,953$3,025$2,296$579
24 years$6,216$4,796$3,656$2,759$2,063$483
25 years$5,904$4,500$3,386$2,519$1,857$403
26 years$5,616$4,230$3,140$2,303$1,673$337
27 years$5,350$3,981$2,916$2,108$1,508$281
28 years$5,104$3,751$2,711$1,932$1,361$235
29 years$4,875$3,539$2,523$1,771$1,229$197
30 years$4,661$3,342$2,350$1,626$1,110$164
31 years$4,462$3,159$2,191$1,493$1,004$137
32 years$4,276$2,989$2,044$1,372$908$115
33 years$4,101$2,831$1,908$1,262$822$96
34 years$3,937$2,683$1,783$1,161$744$80
35 years$3,783$2,545$1,667$1,069$674$67
36 years$3,637$2,415$1,560$984$610$56
37 years$3,500$2,294$1,460$907$553$47
38 years$3,370$2,180$1,367$836$502$39
39 years$3,247$2,073$1,281$771$455$33
40 years$3,131$1,972$1,200$711$413$28
41 years$3,020$1,877$1,126$656$374$23
42 years$2,916$1,788$1,056$605$340$19
43 years$2,816$1,704$991$559$308$16
44 years$2,721$1,624$930$516$280$14
45 years$2,630$1,549$873$477$254$11
46 years$2,544$1,477$820$440$231$9
47 years$2,462$1,410$771$407$209$8
48 years$2,383$1,346$724$376$190$7
49 years$2,308$1,285$681$347$173$6
50 years$2,236$1,228$640$321$157$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,290,000, adding $6,532 every year, while hoping to spend $54,962 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: 64/24/12 Blend
58$2,290,000$2,290,000$2,290,000$2,290,000
59$2,530,318$2,408,948$2,373,453$2,684,869
60$2,729,931$2,468,507$2,394,484$2,848,541
61$2,948,063$2,529,143$2,414,378$3,020,267
62$3,186,544$2,590,849$2,433,039$3,206,467
63$3,447,390$2,653,620$2,450,364$3,408,547
64$3,732,821$2,717,444$2,466,248$3,628,058
65$4,045,280$2,782,310$2,480,579$3,866,706
66$4,387,459$2,848,204$2,493,239$4,126,372
67$4,762,321$2,915,108$2,504,104$4,409,126
68$5,173,131$2,983,001$2,513,045$4,717,249
69$5,623,483$3,051,860$2,519,924$5,053,254
70$6,117,335$3,121,658$2,524,598$5,419,907
71$6,659,048$3,192,364$2,526,917$5,820,259
72$7,253,425$3,263,944$2,526,722$6,257,667
73$7,905,755$3,336,358$2,523,849$6,735,835
74$8,621,867$3,409,564$2,518,122$7,258,837
75$9,408,178$3,483,514$2,509,360$7,831,168
76$10,271,759$3,558,153$2,497,371$8,457,777
77$11,220,401$3,633,425$2,481,955$9,144,118
78$12,262,682$3,709,263$2,462,901$9,896,202
79$13,408,058$3,785,599$2,439,990$10,720,650
80$14,666,940$3,862,354$2,412,991$11,624,759
81$16,050,804$3,939,445$2,381,662$12,616,571
82$17,572,288$4,016,780$2,345,750$13,704,946
83$19,245,320$4,094,261$2,304,990$14,899,649
84$21,085,241$4,171,778$2,259,106$16,211,439
85$23,108,957$4,249,216$2,207,807$17,652,173
86$25,335,091$4,326,449$2,150,790$19,234,918
87$27,784,166$4,403,340$2,087,737$20,974,074
88$30,478,791$4,479,744$2,018,316$22,885,510
89$33,443,877$4,555,501$1,942,179$24,986,712
90$36,706,874$4,630,442$1,858,963$27,296,952
91$40,298,026$4,704,384$1,768,290$29,837,469
92$44,250,658$4,777,132$1,669,760$32,631,667
93$48,601,488$4,848,475$1,562,960$35,705,339
94$53,390,977$4,918,187$1,447,457$39,086,911
95$58,663,706$4,986,028$1,322,796$42,807,709
96$64,468,799$5,051,738$1,188,504$46,902,256
97$70,860,385$5,115,042$1,044,088$51,408,597
98$77,898,110$5,175,645$889,031$56,368,662
99$85,647,697$5,233,231$722,793$61,828,657
100$94,181,568$5,287,465$544,812$67,839,506