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%12.6%
1 years$192,409$190,695$189,023$187,391$185,797$183,781
2 years$95,252$93,478$91,759$90,092$88,475$86,444
3 years$62,871$61,089$59,374$57,723$56,132$54,151
4 years$46,683$44,907$43,209$41,586$40,034$38,117
5 years$36,973$35,208$33,532$31,942$30,433$28,586
6 years$30,502$28,750$27,099$25,544$24,081$22,306
7 years$25,881$24,144$22,519$21,001$19,584$17,882
8 years$22,418$20,696$19,098$17,618$16,247$14,618
9 years$19,725$18,019$16,449$15,006$13,682$12,126
10 years$17,572$15,883$14,341$12,936$11,658$10,173
11 years$15,812$14,140$12,625$11,258$10,026$8,611
12 years$14,346$12,691$11,205$9,875$8,689$7,342
13 years$13,107$11,469$10,011$8,718$7,577$6,297
14 years$12,045$10,425$8,995$7,739$6,642$5,427
15 years$11,126$9,524$8,121$6,902$5,848$4,697
16 years$10,323$8,738$7,363$6,180$5,168$4,079
17 years$9,615$8,047$6,700$5,552$4,583$3,552
18 years$8,986$7,436$6,116$5,004$4,075$3,101
19 years$8,424$6,891$5,599$4,521$3,632$2,714
20 years$7,919$6,404$5,139$4,095$3,244$2,379
21 years$7,463$5,965$4,726$3,716$2,903$2,089
22 years$7,048$5,568$4,356$3,379$2,602$1,836
23 years$6,670$5,208$4,022$3,077$2,336$1,617
24 years$6,325$4,879$3,720$2,807$2,099$1,425
25 years$6,007$4,579$3,445$2,563$1,889$1,256
26 years$5,714$4,303$3,195$2,344$1,702$1,109
27 years$5,444$4,050$2,967$2,145$1,534$980
28 years$5,193$3,816$2,758$1,966$1,384$866
29 years$4,960$3,600$2,567$1,802$1,250$766
30 years$4,743$3,400$2,391$1,654$1,130$678
31 years$4,540$3,214$2,229$1,519$1,021$600
32 years$4,350$3,041$2,080$1,396$924$531
33 years$4,173$2,880$1,942$1,284$836$471
34 years$4,006$2,730$1,814$1,181$757$417
35 years$3,849$2,589$1,696$1,087$686$370
36 years$3,701$2,457$1,587$1,002$621$328
37 years$3,561$2,334$1,485$923$563$291
38 years$3,429$2,218$1,391$851$510$258
39 years$3,304$2,109$1,303$784$463$229
40 years$3,185$2,007$1,221$723$420$203
41 years$3,073$1,910$1,145$667$381$180
42 years$2,966$1,819$1,074$616$346$160
43 years$2,865$1,733$1,008$569$314$142
44 years$2,768$1,652$946$525$285$126
45 years$2,676$1,576$889$485$258$112
46 years$2,589$1,503$835$448$235$99
47 years$2,505$1,434$784$414$213$88
48 years$2,425$1,369$737$382$194$78
49 years$2,348$1,308$692$353$176$69
50 years$2,275$1,249$651$327$160$62

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 $3,137 every year, while hoping to spend $38,796 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: 64/18/18 Blend
58$2,330,000$2,330,000$2,330,000$2,330,000
59$2,570,896$2,447,406$2,411,291$2,723,634
60$2,791,849$2,526,050$2,450,790$2,905,232
61$3,034,038$2,607,248$2,490,313$3,098,832
62$3,299,590$2,691,083$2,529,818$3,309,406
63$3,590,844$2,777,642$2,569,264$3,538,615
64$3,910,380$2,867,016$2,608,603$3,788,286
65$4,261,036$2,959,297$2,647,789$4,060,428
66$4,645,940$3,054,581$2,686,768$4,357,259
67$5,068,539$3,152,968$2,725,488$4,681,215
68$5,532,627$3,254,561$2,763,889$5,034,983
69$6,042,386$3,359,465$2,801,910$5,421,520
70$6,602,421$3,467,791$2,839,486$5,844,084
71$7,217,807$3,579,651$2,876,547$6,306,261
72$7,894,133$3,695,164$2,913,021$6,812,003
73$8,637,557$3,814,450$2,948,830$7,365,662
74$9,454,865$3,937,635$2,983,894$7,972,031
75$10,353,532$4,064,849$3,018,124$8,636,392
76$11,341,791$4,196,226$3,051,431$9,364,560
77$12,428,718$4,331,905$3,083,717$10,162,944
78$13,624,308$4,472,029$3,114,882$11,038,602
79$14,939,575$4,616,747$3,144,819$11,999,311
80$16,386,656$4,766,212$3,173,415$13,053,638
81$17,978,922$4,920,583$3,200,551$14,211,021
82$19,731,105$5,080,024$3,226,102$15,481,860
83$21,659,437$5,244,706$3,249,937$16,877,609
84$23,781,807$5,414,803$3,271,916$18,410,893
85$26,117,920$5,590,497$3,291,895$20,095,618
86$28,689,494$5,771,978$3,309,720$21,947,107
87$31,520,456$5,959,439$3,325,229$23,982,243
88$34,637,173$6,153,081$3,338,254$26,219,628
89$38,068,695$6,353,113$3,348,616$28,679,758
90$41,847,037$6,559,750$3,356,130$31,385,218
91$46,007,473$6,773,216$3,360,598$34,360,892
92$50,588,872$6,993,740$3,361,815$37,634,200
93$55,634,066$7,221,563$3,359,565$41,235,354
94$61,190,251$7,456,930$3,353,621$45,197,647
95$67,309,435$7,700,098$3,343,745$49,557,761
96$74,048,926$7,951,331$3,329,689$54,356,121
97$81,471,873$8,210,903$3,311,191$59,637,267
98$89,647,865$8,479,098$3,287,976$65,450,280
99$98,653,582$8,756,209$3,259,759$71,849,246
100$108,573,525$9,042,540$3,226,237$78,893,761