Can I retire at age 59 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$189,932$188,240$186,589$184,978$183,405$176,059
2 years$94,026$92,275$90,577$88,932$87,336$80,027
3 years$62,061$60,302$58,610$56,980$55,409$48,368
4 years$46,082$44,329$42,653$41,051$39,518$32,798
5 years$36,497$34,754$33,100$31,531$30,041$23,659
6 years$30,109$28,379$26,750$25,215$23,771$17,730
7 years$25,548$23,833$22,229$20,731$19,332$13,631
8 years$22,129$20,429$18,852$17,391$16,038$10,671
9 years$19,471$17,787$16,237$14,813$13,506$8,465
10 years$17,346$15,679$14,156$12,769$11,508$6,782
11 years$15,608$13,958$12,463$11,113$9,897$5,476
12 years$14,161$12,528$11,060$9,747$8,577$4,448
13 years$12,938$11,321$9,882$8,606$7,479$3,630
14 years$11,890$10,291$8,879$7,639$6,556$2,974
15 years$10,983$9,401$8,016$6,813$5,772$2,444
16 years$10,190$8,625$7,268$6,100$5,102$2,013
17 years$9,491$7,943$6,614$5,481$4,524$1,662
18 years$8,870$7,340$6,037$4,939$4,022$1,374
19 years$8,316$6,803$5,527$4,463$3,585$1,138
20 years$7,817$6,321$5,072$4,042$3,202$943
21 years$7,366$5,888$4,666$3,669$2,866$782
22 years$6,957$5,496$4,300$3,336$2,569$650
23 years$6,585$5,141$3,970$3,038$2,306$540
24 years$6,243$4,816$3,672$2,771$2,072$449
25 years$5,930$4,520$3,401$2,530$1,865$373
26 years$5,641$4,248$3,154$2,314$1,680$310
27 years$5,374$3,998$2,929$2,118$1,514$258
28 years$5,126$3,767$2,723$1,940$1,367$215
29 years$4,896$3,554$2,534$1,779$1,234$179
30 years$4,682$3,356$2,360$1,633$1,115$149
31 years$4,482$3,173$2,200$1,500$1,008$124
32 years$4,294$3,002$2,053$1,378$912$103
33 years$4,119$2,843$1,917$1,267$825$86
34 years$3,954$2,695$1,791$1,166$747$72
35 years$3,799$2,556$1,674$1,073$677$60
36 years$3,653$2,426$1,566$989$613$50
37 years$3,515$2,304$1,466$911$556$41
38 years$3,385$2,190$1,373$840$504$35
39 years$3,261$2,082$1,286$774$457$29
40 years$3,144$1,981$1,206$714$414$24
41 years$3,034$1,886$1,131$659$376$20
42 years$2,928$1,796$1,060$608$341$17
43 years$2,828$1,711$995$561$310$14
44 years$2,733$1,631$934$518$281$12
45 years$2,642$1,555$877$479$255$10
46 years$2,555$1,484$824$442$232$8
47 years$2,473$1,416$774$408$210$7
48 years$2,393$1,352$727$377$191$6
49 years$2,318$1,291$684$349$173$5
50 years$2,246$1,233$643$322$158$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,300,000, adding $3,506 every year, while hoping to spend $20,796 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: 35/37/28 Blend
58$2,300,000$2,300,000$2,300,000$2,300,000
59$2,538,216$2,416,316$2,380,666$2,605,524
60$2,774,988$2,512,589$2,438,292$2,752,516
61$3,035,213$2,612,882$2,497,151$2,908,888
62$3,321,262$2,717,371$2,557,263$3,077,213
63$3,635,746$2,826,238$2,618,647$3,258,574
64$3,981,543$2,939,674$2,681,322$3,454,161
65$4,361,822$3,057,880$2,745,308$3,665,280
66$4,780,076$3,181,064$2,810,624$3,893,364
67$5,240,151$3,309,444$2,877,288$4,139,988
68$5,746,289$3,443,249$2,945,319$4,406,881
69$6,303,160$3,582,717$3,014,736$4,695,942
70$6,915,909$3,728,098$3,085,558$5,009,259
71$7,590,209$3,879,652$3,157,801$5,349,125
72$8,332,307$4,037,651$3,231,484$5,718,061
73$9,149,088$4,202,382$3,306,624$6,118,838
74$10,048,138$4,374,141$3,383,238$6,554,503
75$11,037,814$4,553,240$3,461,343$7,028,405
76$12,127,328$4,740,005$3,540,955$7,544,227
77$13,326,827$4,934,777$3,622,089$8,106,022
78$14,647,494$5,137,912$3,704,760$8,718,244
79$16,101,651$5,349,783$3,788,982$9,385,795
80$17,702,876$5,570,779$3,874,769$10,114,067
81$19,466,129$5,801,307$3,962,134$10,908,992
82$21,407,898$6,041,795$4,051,089$11,777,099
83$23,546,348$6,292,687$4,141,645$12,725,571
84$25,901,498$6,554,451$4,233,812$13,762,311
85$28,495,406$6,827,574$4,327,600$14,896,022
86$31,352,378$7,112,566$4,423,016$16,136,278
87$34,499,201$7,409,962$4,520,067$17,493,619
88$37,965,390$7,720,321$4,618,760$18,979,649
89$41,783,469$8,044,226$4,719,097$20,607,140
90$45,989,279$8,382,288$4,821,083$22,390,154
91$50,622,314$8,735,149$4,924,718$24,344,173
92$55,726,095$9,103,477$5,030,001$26,486,243
93$61,348,582$9,487,973$5,136,932$28,835,132
94$67,542,623$9,889,369$5,245,504$31,411,509
95$74,366,456$10,308,433$5,355,714$34,238,132
96$81,884,255$10,745,967$5,467,551$37,340,061
97$90,166,742$11,202,812$5,581,007$40,744,898
98$99,291,846$11,679,846$5,696,067$44,483,037
99$109,345,446$12,177,991$5,812,717$48,587,954
100$120,422,177$12,698,208$5,930,938$53,096,520