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%18.9%
1 years$194,061$192,332$190,646$189,000$187,392$180,672
2 years$96,070$94,280$92,546$90,865$89,234$82,536
3 years$63,410$61,613$59,884$58,218$56,614$50,149
4 years$47,084$45,292$43,580$41,943$40,378$34,195
5 years$37,290$35,510$33,820$32,216$30,694$24,810
6 years$30,764$28,996$27,331$25,764$24,287$18,706
7 years$26,103$24,351$22,713$21,182$19,752$14,472
8 years$22,610$20,873$19,262$17,769$16,386$11,403
9 years$19,894$18,174$16,590$15,135$13,800$9,107
10 years$17,723$16,020$14,464$13,047$11,758$7,348
11 years$15,948$14,261$12,734$11,354$10,112$5,976
12 years$14,469$12,800$11,301$9,959$8,763$4,890
13 years$13,219$11,568$10,097$8,793$7,642$4,021
14 years$12,149$10,515$9,072$7,805$6,699$3,320
15 years$11,222$9,605$8,191$6,961$5,898$2,750
16 years$10,411$8,813$7,426$6,233$5,213$2,283
17 years$9,697$8,116$6,757$5,600$4,622$1,900
18 years$9,063$7,500$6,169$5,047$4,110$1,584
19 years$8,496$6,951$5,647$4,560$3,663$1,323
20 years$7,987$6,459$5,183$4,130$3,272$1,105
21 years$7,527$6,016$4,767$3,748$2,928$925
22 years$7,109$5,616$4,394$3,408$2,624$775
23 years$6,728$5,252$4,057$3,104$2,356$649
24 years$6,379$4,921$3,752$2,831$2,117$544
25 years$6,059$4,618$3,475$2,585$1,905$457
26 years$5,763$4,340$3,223$2,364$1,716$383
27 years$5,491$4,085$2,993$2,164$1,547$322
28 years$5,238$3,849$2,782$1,982$1,396$270
29 years$5,003$3,631$2,589$1,818$1,261$227
30 years$4,784$3,429$2,411$1,668$1,139$191
31 years$4,579$3,242$2,248$1,532$1,030$160
32 years$4,388$3,067$2,098$1,408$932$135
33 years$4,209$2,905$1,958$1,295$843$113
34 years$4,040$2,753$1,830$1,191$763$95
35 years$3,882$2,611$1,711$1,097$691$80
36 years$3,732$2,479$1,600$1,010$626$67
37 years$3,591$2,354$1,498$931$568$57
38 years$3,458$2,237$1,403$858$515$48
39 years$3,332$2,127$1,314$791$467$40
40 years$3,213$2,024$1,232$730$423$34
41 years$3,100$1,927$1,155$673$384$28
42 years$2,992$1,835$1,084$621$349$24
43 years$2,890$1,748$1,017$573$316$20
44 years$2,792$1,666$954$529$287$17
45 years$2,699$1,589$896$489$261$14
46 years$2,611$1,516$842$452$237$12
47 years$2,526$1,447$791$417$215$10
48 years$2,446$1,381$743$386$195$8
49 years$2,368$1,319$698$356$177$7
50 years$2,294$1,260$657$329$161$6

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 $5,259 every year, while hoping to spend $29,724 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: 82/6/12 Blend
58$2,350,000$2,350,000$2,350,000$2,350,000
59$2,595,125$2,470,575$2,434,150$2,801,948
60$2,828,201$2,560,007$2,484,068$3,027,742
61$3,084,055$2,652,825$2,534,662$3,271,149
62$3,364,979$2,749,163$2,585,923$3,537,517
63$3,673,497$2,849,162$2,637,841$3,829,135
64$4,012,391$2,952,968$2,690,406$4,148,524
65$4,384,723$3,060,732$2,743,603$4,498,462
66$4,793,871$3,172,614$2,797,419$4,882,005
67$5,243,551$3,288,778$2,851,839$5,302,523
68$5,737,861$3,409,395$2,906,843$5,763,727
69$6,281,314$3,534,647$2,962,413$6,269,704
70$6,878,882$3,664,719$3,018,528$6,824,956
71$7,536,044$3,799,806$3,075,165$7,434,443
72$8,258,835$3,940,110$3,132,297$8,103,629
73$9,053,905$4,085,845$3,189,898$8,838,533
74$9,928,582$4,237,229$3,247,938$9,645,787
75$10,890,937$4,394,494$3,306,384$10,532,696
76$11,949,866$4,557,878$3,365,202$11,507,309
77$13,115,170$4,727,631$3,424,353$12,578,493
78$14,397,647$4,904,015$3,483,799$13,756,017
79$15,809,196$5,087,300$3,543,495$15,050,646
80$17,362,927$5,277,771$3,603,395$16,474,239
81$19,073,286$5,475,722$3,663,449$18,039,863
82$20,956,191$5,681,462$3,723,604$19,761,914
83$23,029,181$5,895,312$3,783,803$21,656,255
84$25,311,583$6,117,608$3,843,986$23,740,364
85$27,824,693$6,348,700$3,904,088$26,033,499
86$30,591,977$6,588,951$3,964,041$28,556,880
87$33,639,292$6,838,744$4,023,770$31,333,888
88$36,995,133$7,098,475$4,083,199$34,390,286
89$40,690,895$7,368,559$4,142,245$37,754,462
90$44,761,175$7,649,427$4,200,819$41,457,694
91$49,244,099$7,941,533$4,258,830$45,534,452
92$54,181,675$8,245,346$4,316,179$50,022,713
93$59,620,196$8,561,358$4,372,761$54,964,329
94$65,610,674$8,890,083$4,428,467$60,405,415
95$72,209,321$9,232,055$4,483,179$66,396,784
96$79,478,081$9,587,835$4,536,774$72,994,433
97$87,485,211$9,958,005$4,589,122$80,260,063
98$96,305,930$10,343,175$4,640,085$88,261,665
99$106,023,125$10,743,980$4,689,518$97,074,162
100$116,728,135$11,161,086$4,737,268$106,780,114