Can I retire at age 59 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$194,061$192,332$190,646$189,000$187,392$186,133
2 years$96,070$94,280$92,546$90,865$89,234$87,965
3 years$63,410$61,613$59,884$58,218$56,614$55,373
4 years$47,084$45,292$43,580$41,943$40,378$39,175
5 years$37,290$35,510$33,820$32,216$30,694$29,533
6 years$30,764$28,996$27,331$25,764$24,287$23,169
7 years$26,103$24,351$22,713$21,182$19,752$18,678
8 years$22,610$20,873$19,262$17,769$16,386$15,356
9 years$19,894$18,174$16,590$15,135$13,800$12,812
10 years$17,723$16,020$14,464$13,047$11,758$10,814
11 years$15,948$14,261$12,734$11,354$10,112$9,210
12 years$14,469$12,800$11,301$9,959$8,763$7,902
13 years$13,219$11,568$10,097$8,793$7,642$6,822
14 years$12,149$10,515$9,072$7,805$6,699$5,918
15 years$11,222$9,605$8,191$6,961$5,898$5,156
16 years$10,411$8,813$7,426$6,233$5,213$4,508
17 years$9,697$8,116$6,757$5,600$4,622$3,954
18 years$9,063$7,500$6,169$5,047$4,110$3,477
19 years$8,496$6,951$5,647$4,560$3,663$3,064
20 years$7,987$6,459$5,183$4,130$3,272$2,706
21 years$7,527$6,016$4,767$3,748$2,928$2,393
22 years$7,109$5,616$4,394$3,408$2,624$2,120
23 years$6,728$5,252$4,057$3,104$2,356$1,880
24 years$6,379$4,921$3,752$2,831$2,117$1,670
25 years$6,059$4,618$3,475$2,585$1,905$1,484
26 years$5,763$4,340$3,223$2,364$1,716$1,321
27 years$5,491$4,085$2,993$2,164$1,547$1,176
28 years$5,238$3,849$2,782$1,982$1,396$1,048
29 years$5,003$3,631$2,589$1,818$1,261$934
30 years$4,784$3,429$2,411$1,668$1,139$833
31 years$4,579$3,242$2,248$1,532$1,030$744
32 years$4,388$3,067$2,098$1,408$932$664
33 years$4,209$2,905$1,958$1,295$843$593
34 years$4,040$2,753$1,830$1,191$763$530
35 years$3,882$2,611$1,711$1,097$691$474
36 years$3,732$2,479$1,600$1,010$626$423
37 years$3,591$2,354$1,498$931$568$379
38 years$3,458$2,237$1,403$858$515$339
39 years$3,332$2,127$1,314$791$467$303
40 years$3,213$2,024$1,232$730$423$271
41 years$3,100$1,927$1,155$673$384$243
42 years$2,992$1,835$1,084$621$349$217
43 years$2,890$1,748$1,017$573$316$194
44 years$2,792$1,666$954$529$287$174
45 years$2,699$1,589$896$489$261$156
46 years$2,611$1,516$842$452$237$139
47 years$2,526$1,447$791$417$215$125
48 years$2,446$1,381$743$386$195$112
49 years$2,368$1,319$698$356$177$100
50 years$2,294$1,260$657$329$161$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,350,000, adding $4,170 every year, while hoping to spend $25,498 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: 71/7/22 Blend
58$2,350,000$2,350,000$2,350,000$2,350,000
59$2,594,001$2,469,451$2,433,026$2,763,770
60$2,831,460$2,563,325$2,487,403$2,971,434
61$3,092,284$2,660,943$2,542,747$3,195,331
62$3,378,832$2,762,464$2,599,063$3,439,864
63$3,693,698$2,868,050$2,656,357$3,707,077
64$4,039,742$2,977,871$2,714,632$3,999,222
65$4,420,115$3,092,106$2,773,891$4,318,776
66$4,838,288$3,210,941$2,834,138$4,668,471
67$5,298,086$3,334,570$2,895,374$5,051,312
68$5,803,721$3,463,194$2,957,600$5,470,613
69$6,359,836$3,597,026$3,020,815$5,930,020
70$6,971,545$3,736,286$3,085,018$6,433,551
71$7,644,483$3,881,204$3,150,206$6,985,631
72$8,384,858$4,032,021$3,216,376$7,591,135
73$9,199,512$4,188,988$3,283,523$8,255,433
74$10,095,981$4,352,368$3,351,640$8,984,440
75$11,082,572$4,522,434$3,420,720$9,784,672
76$12,168,433$4,699,473$3,490,753$10,663,309
77$13,363,649$4,883,782$3,561,729$11,628,258
78$14,679,329$5,075,675$3,633,635$12,688,233
79$16,127,715$5,275,478$3,706,456$13,852,832
80$17,722,295$5,483,530$3,780,176$15,132,631
81$19,477,934$5,700,188$3,854,777$16,539,281
82$21,411,009$5,925,822$3,930,237$18,085,620
83$23,539,567$6,160,822$4,006,535$19,785,790
84$25,883,493$6,405,593$4,083,645$21,655,376
85$28,464,701$6,660,559$4,161,538$23,711,548
86$31,307,337$6,926,163$4,240,186$25,973,223
87$34,438,008$7,202,867$4,319,555$28,461,246
88$37,886,032$7,491,156$4,399,608$31,198,584
89$41,683,719$7,791,533$4,480,306$34,210,545
90$45,866,669$8,104,529$4,561,607$37,525,012
91$50,474,113$8,430,695$4,643,464$41,172,711
92$55,549,281$8,770,608$4,725,829$45,187,497
93$61,139,811$9,124,870$4,808,647$49,606,675
94$67,298,197$9,494,114$4,891,862$54,471,351
95$74,082,284$9,878,997$4,975,411$59,826,820
96$81,555,819$10,280,210$5,059,229$65,722,992
97$89,789,044$10,698,472$5,143,244$72,214,865
98$98,859,366$11,134,536$5,227,382$79,363,041
99$108,852,083$11,589,190$5,311,562$87,234,299
100$119,861,193$12,063,258$5,395,697$95,902,226