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

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$189,106$187,422$185,778$184,174$182,608$179,509
2 years$93,617$91,873$90,184$88,545$86,956$83,843
3 years$61,791$60,040$58,355$56,732$55,169$52,139
4 years$45,882$44,136$42,467$40,872$39,347$36,424
5 years$36,338$34,603$32,956$31,394$29,911$27,103
6 years$29,978$28,256$26,634$25,106$23,667$20,978
7 years$25,437$23,729$22,133$20,641$19,248$16,677
8 years$22,033$20,340$18,770$17,315$15,968$13,516
9 years$19,386$17,710$16,167$14,749$13,447$11,112
10 years$17,270$15,611$14,095$12,713$11,458$9,238
11 years$15,540$13,897$12,409$11,065$9,854$7,747
12 years$14,100$12,473$11,012$9,705$8,539$6,542
13 years$12,882$11,272$9,839$8,568$7,446$5,556
14 years$11,838$10,246$8,840$7,606$6,528$4,741
15 years$10,935$9,360$7,982$6,783$5,747$4,061
16 years$10,146$8,588$7,236$6,073$5,080$3,490
17 years$9,450$7,909$6,585$5,457$4,504$3,008
18 years$8,832$7,308$6,011$4,918$4,005$2,598
19 years$8,279$6,773$5,503$4,444$3,569$2,248
20 years$7,783$6,294$5,050$4,025$3,188$1,949
21 years$7,334$5,863$4,645$3,653$2,853$1,692
22 years$6,927$5,472$4,281$3,321$2,557$1,471
23 years$6,556$5,118$3,953$3,025$2,296$1,280
24 years$6,216$4,796$3,656$2,759$2,063$1,115
25 years$5,904$4,500$3,386$2,519$1,857$972
26 years$5,616$4,230$3,140$2,303$1,673$848
27 years$5,350$3,981$2,916$2,108$1,508$740
28 years$5,104$3,751$2,711$1,932$1,361$646
29 years$4,875$3,539$2,523$1,771$1,229$564
30 years$4,661$3,342$2,350$1,626$1,110$493
31 years$4,462$3,159$2,191$1,493$1,004$431
32 years$4,276$2,989$2,044$1,372$908$377
33 years$4,101$2,831$1,908$1,262$822$330
34 years$3,937$2,683$1,783$1,161$744$289
35 years$3,783$2,545$1,667$1,069$674$253
36 years$3,637$2,415$1,560$984$610$221
37 years$3,500$2,294$1,460$907$553$194
38 years$3,370$2,180$1,367$836$502$170
39 years$3,247$2,073$1,281$771$455$148
40 years$3,131$1,972$1,200$711$413$130
41 years$3,020$1,877$1,126$656$374$114
42 years$2,916$1,788$1,056$605$340$100
43 years$2,816$1,704$991$559$308$87
44 years$2,721$1,624$930$516$280$77
45 years$2,630$1,549$873$477$254$67
46 years$2,544$1,477$820$440$231$59
47 years$2,462$1,410$771$407$209$51
48 years$2,383$1,346$724$376$190$45
49 years$2,308$1,285$681$347$173$40
50 years$2,236$1,228$640$321$157$35

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 $3,175 every year, while hoping to spend $43,632 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: 22/48/30 Blend
58$2,290,000$2,290,000$2,290,000$2,290,000
59$2,526,855$2,405,485$2,369,990$2,558,453
60$2,738,170$2,476,930$2,402,961$2,658,664
61$2,969,577$2,550,413$2,435,573$2,761,960
62$3,223,079$2,625,988$2,467,770$2,871,540
63$3,500,882$2,703,711$2,499,490$2,987,947
64$3,805,416$2,783,637$2,530,667$3,111,779
65$4,139,358$2,865,824$2,561,233$3,243,692
66$4,505,653$2,950,330$2,591,115$3,384,408
67$4,907,549$3,037,216$2,620,237$3,534,720
68$5,348,622$3,126,542$2,648,518$3,695,502
69$5,832,810$3,218,371$2,675,871$3,867,712
70$6,364,452$3,312,767$2,702,208$4,052,407
71$6,948,327$3,409,793$2,727,434$4,250,750
72$7,589,701$3,509,518$2,751,447$4,464,018
73$8,294,373$3,612,007$2,774,143$4,693,620
74$9,068,733$3,717,329$2,795,411$4,941,104
75$9,919,820$3,825,555$2,815,134$5,208,177
76$10,855,390$3,936,755$2,833,189$5,496,717
77$11,883,986$4,051,002$2,849,447$5,808,790
78$13,015,021$4,168,369$2,863,772$6,146,676
79$14,258,866$4,288,932$2,876,021$6,512,880
80$15,626,947$4,412,767$2,886,044$6,910,166
81$17,131,853$4,539,950$2,893,684$7,341,576
82$18,787,454$4,670,560$2,898,775$7,810,460
83$20,609,034$4,804,677$2,901,143$8,320,511
84$22,613,431$4,942,381$2,900,607$8,875,795
85$24,819,198$5,083,754$2,896,974$9,480,791
86$27,246,777$5,228,880$2,890,044$10,140,436
87$29,918,695$5,377,841$2,879,607$10,860,168
88$32,859,769$5,530,723$2,865,441$11,645,979
89$36,097,348$5,687,611$2,847,316$12,504,469
90$39,661,566$5,848,592$2,824,989$13,442,914
91$43,585,626$6,013,753$2,798,207$14,469,329
92$47,906,115$6,183,183$2,766,702$15,592,546
93$52,663,349$6,356,969$2,730,197$16,822,297
94$57,901,751$6,535,201$2,688,399$18,169,307
95$63,670,273$6,717,969$2,641,003$19,645,395
96$70,022,854$6,905,362$2,587,690$21,263,584
97$77,018,932$7,097,472$2,528,125$23,038,226
98$84,724,003$7,294,388$2,461,957$24,985,137
99$93,210,239$7,496,201$2,388,820$27,121,747
100$102,557,169$7,703,001$2,308,332$29,467,264