Can I retire at age 59 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$192,409$190,695$189,023$187,391$185,797$182,121
2 years$95,252$93,478$91,759$90,092$88,475$84,786
3 years$62,871$61,089$59,374$57,723$56,132$52,546
4 years$46,683$44,907$43,209$41,586$40,034$36,579
5 years$36,973$35,208$33,532$31,942$30,433$27,119
6 years$30,502$28,750$27,099$25,544$24,081$20,910
7 years$25,881$24,144$22,519$21,001$19,584$16,558
8 years$22,418$20,696$19,098$17,618$16,247$13,365
9 years$19,725$18,019$16,449$15,006$13,682$10,943
10 years$17,572$15,883$14,341$12,936$11,658$9,058
11 years$15,812$14,140$12,625$11,258$10,026$7,562
12 years$14,346$12,691$11,205$9,875$8,689$6,358
13 years$13,107$11,469$10,011$8,718$7,577$5,375
14 years$12,045$10,425$8,995$7,739$6,642$4,564
15 years$11,126$9,524$8,121$6,902$5,848$3,891
16 years$10,323$8,738$7,363$6,180$5,168$3,327
17 years$9,615$8,047$6,700$5,552$4,583$2,853
18 years$8,986$7,436$6,116$5,004$4,075$2,452
19 years$8,424$6,891$5,599$4,521$3,632$2,111
20 years$7,919$6,404$5,139$4,095$3,244$1,820
21 years$7,463$5,965$4,726$3,716$2,903$1,572
22 years$7,048$5,568$4,356$3,379$2,602$1,359
23 years$6,670$5,208$4,022$3,077$2,336$1,176
24 years$6,325$4,879$3,720$2,807$2,099$1,019
25 years$6,007$4,579$3,445$2,563$1,889$883
26 years$5,714$4,303$3,195$2,344$1,702$766
27 years$5,444$4,050$2,967$2,145$1,534$665
28 years$5,193$3,816$2,758$1,966$1,384$577
29 years$4,960$3,600$2,567$1,802$1,250$502
30 years$4,743$3,400$2,391$1,654$1,130$436
31 years$4,540$3,214$2,229$1,519$1,021$379
32 years$4,350$3,041$2,080$1,396$924$329
33 years$4,173$2,880$1,942$1,284$836$287
34 years$4,006$2,730$1,814$1,181$757$249
35 years$3,849$2,589$1,696$1,087$686$217
36 years$3,701$2,457$1,587$1,002$621$189
37 years$3,561$2,334$1,485$923$563$164
38 years$3,429$2,218$1,391$851$510$143
39 years$3,304$2,109$1,303$784$463$124
40 years$3,185$2,007$1,221$723$420$108
41 years$3,073$1,910$1,145$667$381$94
42 years$2,966$1,819$1,074$616$346$82
43 years$2,865$1,733$1,008$569$314$71
44 years$2,768$1,652$946$525$285$62
45 years$2,676$1,576$889$485$258$54
46 years$2,589$1,503$835$448$235$47
47 years$2,505$1,434$784$414$213$41
48 years$2,425$1,369$737$382$194$36
49 years$2,348$1,308$692$353$176$31
50 years$2,275$1,249$651$327$160$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,330,000, adding $6,191 every year, while hoping to spend $20,290 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: 38/50/12 Blend
58$2,330,000$2,330,000$2,330,000$2,330,000
59$2,574,046$2,450,556$2,414,441$2,662,233
60$2,815,010$2,549,045$2,473,736$2,824,033
61$3,079,873$2,651,680$2,534,338$2,996,340
62$3,371,050$2,758,642$2,596,269$3,182,103
63$3,691,204$2,870,122$2,659,550$3,382,539
64$4,043,267$2,986,318$2,724,205$3,598,983
65$4,430,470$3,107,438$2,790,256$3,832,899
66$4,856,375$3,233,699$2,857,726$4,085,895
67$5,324,902$3,365,327$2,926,637$4,359,736
68$5,840,374$3,502,561$2,997,012$4,656,359
69$6,407,553$3,645,647$3,068,872$4,977,890
70$7,031,685$3,794,845$3,142,241$5,326,666
71$7,718,551$3,950,427$3,217,141$5,705,252
72$8,474,521$4,112,676$3,293,593$6,116,468
73$9,306,614$4,281,888$3,371,620$6,563,410
74$10,222,562$4,458,374$3,451,242$7,049,482
75$11,230,887$4,642,458$3,532,483$7,578,427
76$12,340,978$4,834,479$3,615,362$8,154,355
77$13,563,182$5,034,793$3,699,900$8,781,789
78$14,908,898$5,243,769$3,786,119$9,465,700
79$16,390,689$5,461,797$3,874,037$10,211,554
80$18,022,397$5,689,283$3,963,674$11,025,363
81$19,819,274$5,926,651$4,055,050$11,913,741
82$21,798,129$6,174,345$4,148,183$12,883,960
83$23,977,481$6,432,831$4,243,091$13,944,022
84$26,377,740$6,702,595$4,339,790$15,102,732
85$29,021,393$6,984,146$4,438,296$16,369,775
86$31,933,222$7,278,017$4,538,627$17,755,810
87$35,140,535$7,584,764$4,640,795$19,272,566
88$38,673,423$7,904,971$4,744,815$20,932,953
89$42,565,045$8,239,247$4,850,699$22,751,177
90$46,851,940$8,588,231$4,958,458$24,742,876
91$51,574,374$8,952,591$5,068,103$26,925,264
92$56,776,719$9,333,026$5,179,642$29,317,288
93$62,507,867$9,730,267$5,293,084$31,939,810
94$68,821,701$10,145,081$5,408,433$34,815,794
95$75,777,593$10,578,269$5,525,695$37,970,525
96$83,440,973$11,030,670$5,644,871$41,431,841
97$91,883,941$11,503,161$5,765,963$45,230,398
98$101,185,949$11,996,662$5,888,968$49,399,947
99$111,434,553$12,512,135$6,013,885$53,977,659
100$122,726,234$13,050,587$6,140,707$59,004,463