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%12.5%
1 years$189,932$188,240$186,589$184,978$183,405$181,490
2 years$94,026$92,275$90,577$88,932$87,336$85,407
3 years$62,061$60,302$58,610$56,980$55,409$53,527
4 years$46,082$44,329$42,653$41,051$39,518$37,697
5 years$36,497$34,754$33,100$31,531$30,041$28,286
6 years$30,109$28,379$26,750$25,215$23,771$22,084
7 years$25,548$23,833$22,229$20,731$19,332$17,714
8 years$22,129$20,429$18,852$17,391$16,038$14,489
9 years$19,471$17,787$16,237$14,813$13,506$12,026
10 years$17,346$15,679$14,156$12,769$11,508$10,095
11 years$15,608$13,958$12,463$11,113$9,897$8,550
12 years$14,161$12,528$11,060$9,747$8,577$7,295
13 years$12,938$11,321$9,882$8,606$7,479$6,261
14 years$11,890$10,291$8,879$7,639$6,556$5,399
15 years$10,983$9,401$8,016$6,813$5,772$4,676
16 years$10,190$8,625$7,268$6,100$5,102$4,063
17 years$9,491$7,943$6,614$5,481$4,524$3,541
18 years$8,870$7,340$6,037$4,939$4,022$3,094
19 years$8,316$6,803$5,527$4,463$3,585$2,709
20 years$7,817$6,321$5,072$4,042$3,202$2,377
21 years$7,366$5,888$4,666$3,669$2,866$2,088
22 years$6,957$5,496$4,300$3,336$2,569$1,838
23 years$6,585$5,141$3,970$3,038$2,306$1,619
24 years$6,243$4,816$3,672$2,771$2,072$1,428
25 years$5,930$4,520$3,401$2,530$1,865$1,260
26 years$5,641$4,248$3,154$2,314$1,680$1,113
27 years$5,374$3,998$2,929$2,118$1,514$984
28 years$5,126$3,767$2,723$1,940$1,367$871
29 years$4,896$3,554$2,534$1,779$1,234$771
30 years$4,682$3,356$2,360$1,633$1,115$682
31 years$4,482$3,173$2,200$1,500$1,008$605
32 years$4,294$3,002$2,053$1,378$912$536
33 years$4,119$2,843$1,917$1,267$825$475
34 years$3,954$2,695$1,791$1,166$747$421
35 years$3,799$2,556$1,674$1,073$677$374
36 years$3,653$2,426$1,566$989$613$332
37 years$3,515$2,304$1,466$911$556$294
38 years$3,385$2,190$1,373$840$504$261
39 years$3,261$2,082$1,286$774$457$232
40 years$3,144$1,981$1,206$714$414$206
41 years$3,034$1,886$1,131$659$376$183
42 years$2,928$1,796$1,060$608$341$162
43 years$2,828$1,711$995$561$310$144
44 years$2,733$1,631$934$518$281$128
45 years$2,642$1,555$877$479$255$114
46 years$2,555$1,484$824$442$232$101
47 years$2,473$1,416$774$408$210$90
48 years$2,393$1,352$727$377$191$80
49 years$2,318$1,291$684$349$173$71
50 years$2,246$1,233$643$322$158$63

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 $2,609 every year, while hoping to spend $43,855 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: 35/48/17 Blend
58$2,300,000$2,300,000$2,300,000$2,300,000
59$2,537,291$2,415,391$2,379,741$2,612,765
60$2,749,434$2,487,084$2,412,801$2,739,699
61$2,981,745$2,560,820$2,445,499$2,872,269
62$3,236,235$2,636,653$2,477,776$3,014,379
63$3,515,120$2,714,637$2,509,570$3,166,899
64$3,820,838$2,794,830$2,540,816$3,330,788
65$4,156,075$2,877,289$2,571,445$3,507,098
66$4,523,790$2,962,071$2,601,384$3,696,986
67$4,927,241$3,049,237$2,630,555$3,901,728
68$5,370,018$3,138,849$2,658,877$4,122,722
69$5,856,075$3,230,967$2,686,264$4,361,512
70$6,389,766$3,325,656$2,712,626$4,619,792
71$6,975,890$3,422,981$2,737,866$4,899,430
72$7,619,731$3,523,007$2,761,885$5,202,479
73$8,327,111$3,625,802$2,784,576$5,531,199
74$9,104,444$3,731,434$2,805,827$5,888,081
75$9,958,796$3,839,973$2,825,521$6,275,864
76$10,897,951$3,951,490$2,843,534$6,697,564
77$11,930,486$4,066,057$2,859,736$7,156,503
78$13,065,850$4,183,747$2,873,991$7,656,338
79$14,314,452$4,304,636$2,886,155$8,201,098
80$15,687,761$4,428,799$2,896,077$8,795,217
81$17,198,415$4,556,312$2,903,598$9,443,580
82$18,860,337$4,687,255$2,908,551$10,151,569
83$20,688,866$4,821,705$2,910,763$10,925,109
84$22,700,906$4,959,745$2,910,049$11,770,727
85$24,915,080$5,101,454$2,906,217$12,695,615
86$27,351,908$5,246,915$2,899,066$13,707,693
87$30,034,001$5,396,212$2,888,382$14,815,687
88$32,986,271$5,549,428$2,873,945$16,029,209
89$36,236,171$5,706,650$2,855,522$17,358,850
90$39,813,946$5,867,962$2,832,869$18,816,277
91$43,752,928$6,033,452$2,805,729$20,414,343
92$48,089,842$6,203,206$2,773,836$22,167,212
93$52,865,156$6,377,313$2,736,910$24,090,486
94$58,123,462$6,555,861$2,694,656$26,201,359
95$63,913,895$6,738,939$2,646,767$28,518,772
96$70,290,601$6,926,635$2,592,923$31,063,599
97$77,313,242$7,119,040$2,532,785$33,858,837
98$85,047,562$7,316,242$2,466,002$36,929,826
99$93,566,005$7,518,330$2,392,206$40,304,490
100$102,948,404$7,725,394$2,311,010$44,013,595