Can I retire at age 59 with 2,360,000?

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 $2,360,000?

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$194,887$193,151$191,457$189,804$188,190$183,566
2 years$96,479$94,682$92,940$91,252$89,614$84,984
3 years$63,680$61,876$60,139$58,466$56,855$52,364
4 years$47,284$45,485$43,765$42,121$40,549$36,231
5 years$37,449$35,661$33,964$32,353$30,825$26,692
6 years$30,895$29,120$27,448$25,873$24,391$20,447
7 years$26,215$24,455$22,809$21,272$19,836$16,083
8 years$22,706$20,962$19,344$17,844$16,456$12,891
9 years$19,979$18,251$16,661$15,199$13,858$10,478
10 years$17,798$16,088$14,525$13,102$11,808$8,609
11 years$16,015$14,322$12,788$11,403$10,155$7,134
12 years$14,531$12,855$11,349$10,002$8,800$5,950
13 years$13,275$11,617$10,140$8,830$7,674$4,990
14 years$12,200$10,559$9,110$7,838$6,727$4,203
15 years$11,269$9,646$8,226$6,990$5,923$3,553
16 years$10,456$8,850$7,458$6,259$5,235$3,013
17 years$9,738$8,151$6,786$5,624$4,642$2,561
18 years$9,102$7,532$6,195$5,068$4,127$2,182
19 years$8,532$6,980$5,671$4,580$3,679$1,862
20 years$8,021$6,486$5,205$4,148$3,286$1,591
21 years$7,559$6,042$4,787$3,764$2,940$1,361
22 years$7,139$5,640$4,412$3,423$2,636$1,166
23 years$6,756$5,275$4,074$3,117$2,366$1,000
24 years$6,406$4,942$3,768$2,843$2,127$858
25 years$6,084$4,638$3,490$2,596$1,914$737
26 years$5,788$4,359$3,236$2,374$1,724$633
27 years$5,514$4,102$3,005$2,173$1,554$544
28 years$5,260$3,866$2,794$1,991$1,402$468
29 years$5,024$3,647$2,600$1,826$1,266$402
30 years$4,804$3,444$2,422$1,675$1,144$346
31 years$4,599$3,256$2,258$1,539$1,034$298
32 years$4,407$3,080$2,106$1,414$936$256
33 years$4,226$2,917$1,967$1,300$847$221
34 years$4,057$2,765$1,838$1,197$767$190
35 years$3,898$2,622$1,718$1,101$694$164
36 years$3,748$2,489$1,607$1,014$629$141
37 years$3,607$2,364$1,504$935$570$122
38 years$3,473$2,247$1,409$862$517$105
39 years$3,346$2,136$1,320$794$469$90
40 years$3,226$2,033$1,237$733$425$78
41 years$3,113$1,935$1,160$676$386$67
42 years$3,005$1,843$1,088$624$350$58
43 years$2,902$1,756$1,021$576$318$50
44 years$2,804$1,674$958$532$288$43
45 years$2,711$1,596$900$491$262$37
46 years$2,622$1,522$845$454$238$32
47 years$2,537$1,453$794$419$216$27
48 years$2,456$1,387$746$387$196$24
49 years$2,378$1,324$701$358$178$20
50 years$2,304$1,265$659$331$162$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,360,000, adding $4,945 every year, while hoping to spend $23,050 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: 44/30/26 Blend
58$2,360,000$2,360,000$2,360,000$2,360,000
59$2,605,821$2,480,741$2,444,161$2,700,622
60$2,847,089$2,577,772$2,501,515$2,865,579
61$3,112,195$2,678,785$2,560,018$3,041,685
62$3,403,544$2,783,951$2,619,685$3,232,138
63$3,723,790$2,893,449$2,680,528$3,438,282
64$4,075,852$3,007,463$2,742,561$3,661,597
65$4,462,950$3,126,190$2,805,798$3,903,709
66$4,888,630$3,249,832$2,870,251$4,166,404
67$5,356,799$3,378,603$2,935,933$4,451,646
68$5,871,761$3,512,723$3,002,855$4,761,597
69$6,438,259$3,652,425$3,071,030$5,098,631
70$7,061,518$3,797,951$3,140,466$5,465,363
71$7,747,297$3,949,554$3,211,176$5,864,665
72$8,501,939$4,107,500$3,283,167$6,299,700
73$9,332,433$4,272,064$3,356,450$6,773,947
74$10,246,481$4,443,535$3,431,031$7,291,232
75$11,252,570$4,622,216$3,506,918$7,855,768
76$12,360,049$4,808,422$3,584,117$8,472,190
77$13,579,223$5,002,483$3,662,634$9,145,599
78$14,921,443$5,204,744$3,742,472$9,881,609
79$16,399,220$5,415,566$3,823,634$10,686,400
80$18,026,337$5,635,326$3,906,123$11,566,776
81$19,817,984$5,864,417$3,989,938$12,530,225
82$21,790,897$6,103,252$4,075,080$13,584,992
83$23,963,519$6,352,262$4,161,545$14,740,155
84$26,356,172$6,611,897$4,249,331$16,005,708
85$28,991,249$6,882,627$4,338,431$17,392,656
86$31,893,426$7,164,946$4,428,838$18,913,117
87$35,089,895$7,459,368$4,520,544$20,580,436
88$38,610,620$7,766,432$4,613,537$22,409,308
89$42,488,617$8,086,701$4,707,805$24,415,916
90$46,760,271$8,420,764$4,803,331$26,618,084
91$51,465,674$8,769,238$4,900,099$29,035,441
92$56,649,009$9,132,766$4,998,088$31,689,607
93$62,358,959$9,512,023$5,097,275$34,604,395
94$68,649,174$9,907,713$5,197,635$37,806,033
95$75,578,774$10,320,575$5,299,140$41,323,412
96$83,212,905$10,751,380$5,401,758$45,188,354
97$91,623,359$11,200,935$5,505,454$49,435,915
98$100,889,245$11,670,084$5,610,190$54,104,709
99$111,097,741$12,159,711$5,715,924$59,237,273
100$122,344,913$12,670,740$5,822,611$64,880,468