Can I retire at age 59 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$190,758$189,058$187,401$185,783$184,203$182,888
2 years$94,434$92,676$90,971$89,319$87,716$86,390
3 years$62,331$60,565$58,864$57,227$55,650$54,355
4 years$46,282$44,521$42,838$41,229$39,690$38,435
5 years$36,656$34,905$33,244$31,668$30,172$28,961
6 years$30,240$28,503$26,866$25,325$23,874$22,708
7 years$25,659$23,937$22,326$20,821$19,416$18,296
8 years$22,225$20,518$18,934$17,466$16,107$15,033
9 years$19,556$17,865$16,308$14,877$13,565$12,536
10 years$17,421$15,747$14,218$12,824$11,558$10,574
11 years$15,676$14,019$12,517$11,161$9,940$9,000
12 years$14,223$12,582$11,109$9,790$8,614$7,718
13 years$12,994$11,371$9,925$8,643$7,512$6,658
14 years$11,942$10,336$8,917$7,672$6,585$5,772
15 years$11,031$9,442$8,051$6,842$5,798$5,026
16 years$10,234$8,663$7,300$6,127$5,124$4,391
17 years$9,532$7,978$6,642$5,505$4,543$3,849
18 years$8,909$7,372$6,064$4,961$4,040$3,382
19 years$8,352$6,832$5,551$4,482$3,601$2,978
20 years$7,851$6,349$5,094$4,060$3,216$2,628
21 years$7,398$5,914$4,686$3,684$2,878$2,323
22 years$6,988$5,520$4,319$3,350$2,580$2,056
23 years$6,613$5,163$3,988$3,051$2,316$1,822
24 years$6,270$4,837$3,688$2,783$2,081$1,617
25 years$5,956$4,540$3,416$2,541$1,873$1,436
26 years$5,665$4,267$3,168$2,324$1,687$1,277
27 years$5,397$4,015$2,942$2,127$1,521$1,136
28 years$5,148$3,784$2,735$1,949$1,372$1,011
29 years$4,917$3,569$2,545$1,787$1,239$901
30 years$4,702$3,371$2,370$1,640$1,120$803
31 years$4,501$3,187$2,210$1,506$1,012$716
32 years$4,313$3,015$2,062$1,384$916$639
33 years$4,137$2,855$1,925$1,273$829$570
34 years$3,971$2,706$1,799$1,171$750$509
35 years$3,816$2,567$1,682$1,078$680$455
36 years$3,669$2,436$1,573$993$616$406
37 years$3,530$2,314$1,472$915$558$363
38 years$3,399$2,199$1,379$843$506$324
39 years$3,276$2,091$1,292$778$459$290
40 years$3,158$1,990$1,211$717$416$259
41 years$3,047$1,894$1,135$662$378$232
42 years$2,941$1,804$1,065$611$343$207
43 years$2,840$1,719$999$564$311$185
44 years$2,745$1,638$938$520$282$166
45 years$2,653$1,562$881$481$256$148
46 years$2,566$1,490$827$444$233$133
47 years$2,483$1,422$777$410$211$119
48 years$2,404$1,358$730$379$192$106
49 years$2,328$1,296$687$350$174$95
50 years$2,255$1,238$645$324$158$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,310,000, adding $6,460 every year, while hoping to spend $45,683 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: 78/14/8 Blend
58$2,310,000$2,310,000$2,310,000$2,310,000
59$2,552,283$2,429,853$2,394,048$2,748,035
60$2,764,010$2,500,310$2,425,643$2,947,911
61$2,995,802$2,572,688$2,456,764$3,160,489
62$3,249,657$2,647,033$2,487,349$3,392,280
63$3,527,776$2,723,391$2,517,329$3,645,178
64$3,832,583$2,801,811$2,546,634$3,921,267
65$4,166,746$2,882,340$2,575,186$4,222,843
66$4,533,207$2,965,028$2,602,908$4,552,432
67$4,935,202$3,049,922$2,629,713$4,912,820
68$5,376,299$3,137,074$2,655,515$5,307,071
69$5,860,425$3,226,534$2,680,218$5,738,561
70$6,391,908$3,318,354$2,703,725$6,211,011
71$6,975,514$3,412,585$2,725,931$6,728,517
72$7,616,495$3,509,280$2,746,728$7,295,590
73$8,320,634$3,608,492$2,766,000$7,917,202
74$9,094,304$3,710,273$2,783,626$8,598,826
75$9,944,525$3,814,678$2,799,480$9,346,496
76$10,879,030$3,921,761$2,813,426$10,166,856
77$11,906,340$4,031,576$2,825,324$11,067,226
78$13,035,841$4,144,178$2,835,027$12,055,670
79$14,277,876$4,259,621$2,842,380$13,141,074
80$15,643,838$4,377,962$2,847,218$14,333,226
81$17,146,281$4,499,254$2,849,372$15,642,911
82$18,799,037$4,623,552$2,848,661$17,082,011
83$20,617,345$4,750,912$2,844,897$18,663,618
84$22,617,995$4,881,389$2,837,883$20,402,157
85$24,819,489$5,015,035$2,827,410$22,313,522
86$27,242,211$5,151,905$2,813,262$24,415,224
87$29,908,621$5,292,053$2,795,211$26,726,559
88$32,843,467$5,435,531$2,773,018$29,268,787
89$36,074,019$5,582,391$2,746,432$32,065,335
90$39,630,324$5,732,682$2,715,193$35,142,017
91$43,545,490$5,886,457$2,679,024$38,527,275
92$47,855,998$6,043,761$2,637,640$42,252,452
93$52,602,047$6,204,643$2,590,738$46,352,084
94$57,827,933$6,369,147$2,538,004$50,864,224
95$63,582,463$6,537,317$2,479,109$55,830,808
96$69,919,423$6,709,193$2,413,707$61,298,044
97$76,898,076$6,884,816$2,341,439$67,316,848
98$84,583,728$7,064,220$2,261,925$73,943,330
99$93,048,341$7,247,440$2,174,773$81,239,318
100$102,371,213$7,434,505$2,079,568$89,272,944