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%16%
1 years$190,758$189,058$187,401$185,783$184,203$179,677
2 years$94,434$92,676$90,971$89,319$87,716$83,184
3 years$62,331$60,565$58,864$57,227$55,650$51,254
4 years$46,282$44,521$42,838$41,229$39,690$35,464
5 years$36,656$34,905$33,244$31,668$30,172$26,127
6 years$30,240$28,503$26,866$25,325$23,874$20,014
7 years$25,659$23,937$22,326$20,821$19,416$15,742
8 years$22,225$20,518$18,934$17,466$16,107$12,618
9 years$19,556$17,865$16,308$14,877$13,565$10,256
10 years$17,421$15,747$14,218$12,824$11,558$8,427
11 years$15,676$14,019$12,517$11,161$9,940$6,982
12 years$14,223$12,582$11,109$9,790$8,614$5,824
13 years$12,994$11,371$9,925$8,643$7,512$4,884
14 years$11,942$10,336$8,917$7,672$6,585$4,114
15 years$11,031$9,442$8,051$6,842$5,798$3,478
16 years$10,234$8,663$7,300$6,127$5,124$2,949
17 years$9,532$7,978$6,642$5,505$4,543$2,507
18 years$8,909$7,372$6,064$4,961$4,040$2,135
19 years$8,352$6,832$5,551$4,482$3,601$1,822
20 years$7,851$6,349$5,094$4,060$3,216$1,557
21 years$7,398$5,914$4,686$3,684$2,878$1,333
22 years$6,988$5,520$4,319$3,350$2,580$1,141
23 years$6,613$5,163$3,988$3,051$2,316$979
24 years$6,270$4,837$3,688$2,783$2,081$840
25 years$5,956$4,540$3,416$2,541$1,873$721
26 years$5,665$4,267$3,168$2,324$1,687$619
27 years$5,397$4,015$2,942$2,127$1,521$532
28 years$5,148$3,784$2,735$1,949$1,372$458
29 years$4,917$3,569$2,545$1,787$1,239$394
30 years$4,702$3,371$2,370$1,640$1,120$339
31 years$4,501$3,187$2,210$1,506$1,012$292
32 years$4,313$3,015$2,062$1,384$916$251
33 years$4,137$2,855$1,925$1,273$829$216
34 years$3,971$2,706$1,799$1,171$750$186
35 years$3,816$2,567$1,682$1,078$680$160
36 years$3,669$2,436$1,573$993$616$138
37 years$3,530$2,314$1,472$915$558$119
38 years$3,399$2,199$1,379$843$506$103
39 years$3,276$2,091$1,292$778$459$88
40 years$3,158$1,990$1,211$717$416$76
41 years$3,047$1,894$1,135$662$378$66
42 years$2,941$1,804$1,065$611$343$57
43 years$2,840$1,719$999$564$311$49
44 years$2,745$1,638$938$520$282$42
45 years$2,653$1,562$881$481$256$36
46 years$2,566$1,490$827$444$233$31
47 years$2,483$1,422$777$410$211$27
48 years$2,404$1,358$730$379$192$23
49 years$2,328$1,296$687$350$174$20
50 years$2,255$1,238$645$324$158$17

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 $3,561 every year, while hoping to spend $24,376 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: 54/22/24 Blend
58$2,310,000$2,310,000$2,310,000$2,310,000
59$2,549,293$2,426,863$2,391,058$2,669,911
60$2,783,385$2,519,844$2,445,223$2,846,296
61$3,040,538$2,616,563$2,500,385$3,035,386
62$3,323,077$2,717,179$2,556,552$3,240,734
63$3,633,566$2,821,856$2,613,732$3,463,904
64$3,974,828$2,930,766$2,671,930$3,706,618
65$4,349,974$3,044,087$2,731,154$3,970,771
66$4,762,431$3,162,007$2,791,407$4,258,445
67$5,215,975$3,284,720$2,852,695$4,571,934
68$5,714,765$3,412,432$2,915,020$4,913,761
69$6,263,384$3,545,355$2,978,387$5,286,705
70$6,866,883$3,683,711$3,042,796$5,693,820
71$7,530,824$3,827,732$3,108,249$6,138,473
72$8,261,338$3,977,661$3,174,746$6,624,367
73$9,065,180$4,133,751$3,242,285$7,155,579
74$9,949,790$4,296,267$3,310,864$7,736,599
75$10,923,370$4,465,485$3,380,479$8,372,370
76$11,994,954$4,641,694$3,451,125$9,068,332
77$13,174,497$4,825,195$3,522,796$9,830,480
78$14,472,970$5,016,304$3,595,483$10,665,411
79$15,902,459$5,215,349$3,669,178$11,580,392
80$17,476,284$5,422,675$3,743,869$12,583,425
81$19,209,119$5,638,640$3,819,543$13,683,324
82$21,117,137$5,863,621$3,896,185$14,889,794
83$23,218,156$6,098,009$3,973,779$16,213,526
84$25,531,811$6,342,216$4,052,304$17,666,295
85$28,079,740$6,596,668$4,131,740$19,261,069
86$30,885,784$6,861,815$4,212,063$21,012,135
87$33,976,214$7,138,124$4,293,248$22,935,227
88$37,379,980$7,426,085$4,375,264$25,047,679
89$41,128,984$7,726,209$4,458,082$27,368,584
90$45,258,378$8,039,031$4,541,665$29,918,977
91$49,806,899$8,365,109$4,625,977$32,722,029
92$54,817,231$8,705,029$4,710,976$35,803,266
93$60,336,414$9,059,401$4,796,619$39,190,809
94$66,416,280$9,428,863$4,882,858$42,915,639
95$73,113,947$9,814,084$4,969,640$47,011,887
96$80,492,358$10,215,761$5,056,910$51,517,155
97$88,620,870$10,634,626$5,144,609$56,472,874
98$97,575,918$11,071,441$5,232,672$61,924,685
99$107,441,725$11,527,006$5,321,030$67,922,877
100$118,311,106$12,002,154$5,409,610$74,522,857