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

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$190,758$189,058$187,401$185,783$184,203$182,127
2 years$94,434$92,676$90,971$89,319$87,716$85,626
3 years$62,331$60,565$58,864$57,227$55,650$53,612
4 years$46,282$44,521$42,838$41,229$39,690$37,719
5 years$36,656$34,905$33,244$31,668$30,172$28,273
6 years$30,240$28,503$26,866$25,325$23,874$22,050
7 years$25,659$23,937$22,326$20,821$19,416$17,667
8 years$22,225$20,518$18,934$17,466$16,107$14,434
9 years$19,556$17,865$16,308$14,877$13,565$11,966
10 years$17,421$15,747$14,218$12,824$11,558$10,033
11 years$15,676$14,019$12,517$11,161$9,940$8,487
12 years$14,223$12,582$11,109$9,790$8,614$7,232
13 years$12,994$11,371$9,925$8,643$7,512$6,198
14 years$11,942$10,336$8,917$7,672$6,585$5,339
15 years$11,031$9,442$8,051$6,842$5,798$4,617
16 years$10,234$8,663$7,300$6,127$5,124$4,007
17 years$9,532$7,978$6,642$5,505$4,543$3,487
18 years$8,909$7,372$6,064$4,961$4,040$3,042
19 years$8,352$6,832$5,551$4,482$3,601$2,660
20 years$7,851$6,349$5,094$4,060$3,216$2,330
21 years$7,398$5,914$4,686$3,684$2,878$2,044
22 years$6,988$5,520$4,319$3,350$2,580$1,796
23 years$6,613$5,163$3,988$3,051$2,316$1,580
24 years$6,270$4,837$3,688$2,783$2,081$1,391
25 years$5,956$4,540$3,416$2,541$1,873$1,226
26 years$5,665$4,267$3,168$2,324$1,687$1,081
27 years$5,397$4,015$2,942$2,127$1,521$955
28 years$5,148$3,784$2,735$1,949$1,372$843
29 years$4,917$3,569$2,545$1,787$1,239$745
30 years$4,702$3,371$2,370$1,640$1,120$659
31 years$4,501$3,187$2,210$1,506$1,012$583
32 years$4,313$3,015$2,062$1,384$916$515
33 years$4,137$2,855$1,925$1,273$829$456
34 years$3,971$2,706$1,799$1,171$750$404
35 years$3,816$2,567$1,682$1,078$680$358
36 years$3,669$2,436$1,573$993$616$317
37 years$3,530$2,314$1,472$915$558$281
38 years$3,399$2,199$1,379$843$506$249
39 years$3,276$2,091$1,292$778$459$220
40 years$3,158$1,990$1,211$717$416$195
41 years$3,047$1,894$1,135$662$378$173
42 years$2,941$1,804$1,065$611$343$154
43 years$2,840$1,719$999$564$311$136
44 years$2,745$1,638$938$520$282$121
45 years$2,653$1,562$881$481$256$107
46 years$2,566$1,490$827$444$233$95
47 years$2,483$1,422$777$410$211$84
48 years$2,404$1,358$730$379$192$75
49 years$2,328$1,296$687$350$174$66
50 years$2,255$1,238$645$324$158$59

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 $4,003 every year, while hoping to spend $27,216 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: 57/31/12 Blend
58$2,310,000$2,310,000$2,310,000$2,310,000
59$2,549,749$2,427,319$2,391,514$2,687,215
60$2,780,866$2,517,300$2,442,672$2,870,554
61$3,034,644$2,610,778$2,494,632$3,066,875
62$3,313,367$2,707,895$2,547,391$3,280,150
63$3,619,550$2,808,801$2,600,948$3,512,006
64$3,955,962$2,913,650$2,655,297$3,764,233
65$4,325,655$3,022,604$2,710,435$4,038,801
66$4,731,991$3,135,831$2,766,354$4,337,875
67$5,178,676$3,253,508$2,823,048$4,663,839
68$5,669,788$3,375,818$2,880,508$5,019,314
69$6,209,825$3,502,952$2,938,724$5,407,186
70$6,803,740$3,635,109$2,997,684$5,830,630
71$7,456,991$3,772,499$3,057,376$6,293,140
72$8,175,590$3,915,337$3,117,784$6,798,561
73$8,966,163$4,063,852$3,178,892$7,351,128
74$9,836,009$4,218,278$3,240,682$7,955,500
75$10,793,171$4,378,863$3,303,135$8,616,806
76$11,846,512$4,545,864$3,366,227$9,340,696
77$13,005,795$4,719,550$3,429,934$10,133,386
78$14,281,779$4,900,201$3,494,230$11,001,722
79$15,686,319$5,088,110$3,559,085$11,953,243
80$17,232,479$5,283,582$3,624,470$12,996,249
81$18,934,650$5,486,936$3,690,348$14,139,881
82$20,808,694$5,698,505$3,756,684$15,394,205
83$22,872,085$5,918,636$3,823,437$16,770,306
84$25,144,080$6,147,692$3,890,565$18,280,394
85$27,645,899$6,386,052$3,958,022$19,937,913
86$30,400,923$6,634,111$4,025,758$21,757,673
87$33,434,916$6,892,281$4,093,719$23,755,987
88$36,776,269$7,160,995$4,161,851$25,950,820
89$40,456,267$7,440,701$4,230,091$28,361,963
90$44,509,382$7,731,871$4,298,375$31,011,214
91$48,973,602$8,034,996$4,366,633$33,922,586
92$53,890,786$8,350,588$4,434,792$37,122,532
93$59,307,062$8,679,183$4,502,774$40,640,189
94$65,273,261$9,021,341$4,570,495$44,507,658
95$71,845,393$9,377,646$4,637,866$48,760,302
96$79,085,182$9,748,709$4,704,793$53,437,078
97$87,060,643$10,135,169$4,771,177$58,580,906
98$95,846,728$10,537,691$4,836,910$64,239,068
99$105,526,029$10,956,973$4,901,882$70,463,657
100$116,189,561$11,393,742$4,965,972$77,312,066