Can I retire at age 59 with 2,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$198,190$196,424$194,702$193,021$191,379$188,364
2 years$98,114$96,286$94,516$92,799$91,133$88,103
3 years$64,759$62,924$61,158$59,457$57,819$54,868
4 years$48,086$46,256$44,507$42,835$41,237$38,388
5 years$38,084$36,265$34,539$32,902$31,347$28,610
6 years$31,418$29,613$27,913$26,312$24,804$22,180
7 years$26,659$24,869$23,196$21,632$20,172$17,663
8 years$23,091$21,318$19,672$18,147$16,735$14,339
9 years$20,318$18,561$16,943$15,457$14,093$11,810
10 years$18,100$16,360$14,772$13,324$12,008$9,836
11 years$16,287$14,565$13,005$11,596$10,327$8,264
12 years$14,777$13,072$11,541$10,171$8,950$6,992
13 years$13,500$11,814$10,311$8,980$7,804$5,950
14 years$12,407$10,738$9,265$7,971$6,841$5,088
15 years$11,460$9,810$8,365$7,109$6,023$4,367
16 years$10,633$9,000$7,584$6,365$5,324$3,761
17 years$9,904$8,289$6,901$5,719$4,720$3,248
18 years$9,256$7,659$6,300$5,154$4,197$2,811
19 years$8,677$7,099$5,767$4,657$3,741$2,438
20 years$8,157$6,596$5,293$4,218$3,341$2,119
21 years$7,687$6,144$4,868$3,828$2,990$1,844
22 years$7,260$5,735$4,487$3,481$2,680$1,606
23 years$6,871$5,364$4,143$3,170$2,406$1,401
24 years$6,515$5,026$3,832$2,891$2,163$1,223
25 years$6,188$4,717$3,549$2,640$1,946$1,069
26 years$5,886$4,433$3,291$2,414$1,753$934
27 years$5,607$4,172$3,056$2,210$1,580$817
28 years$5,349$3,931$2,841$2,025$1,426$716
29 years$5,109$3,708$2,644$1,857$1,288$627
30 years$4,885$3,502$2,463$1,704$1,163$549
31 years$4,677$3,311$2,296$1,565$1,052$481
32 years$4,481$3,133$2,142$1,438$951$422
33 years$4,298$2,967$2,000$1,323$861$370
34 years$4,126$2,812$1,869$1,217$780$325
35 years$3,964$2,667$1,747$1,120$706$285
36 years$3,812$2,531$1,634$1,032$640$250
37 years$3,668$2,404$1,530$951$580$219
38 years$3,532$2,285$1,433$876$526$193
39 years$3,403$2,173$1,342$808$477$169
40 years$3,281$2,067$1,258$745$432$148
41 years$3,165$1,968$1,180$687$392$130
42 years$3,056$1,874$1,107$634$356$115
43 years$2,951$1,785$1,038$586$323$101
44 years$2,852$1,702$975$541$293$88
45 years$2,757$1,623$915$499$266$78
46 years$2,666$1,548$860$461$242$68
47 years$2,580$1,477$808$426$219$60
48 years$2,498$1,410$759$394$199$53
49 years$2,419$1,347$713$364$181$46
50 years$2,343$1,287$671$336$164$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,400,000, adding $2,681 every year, while hoping to spend $21,513 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: 32/39/29 Blend
58$2,400,000$2,400,000$2,400,000$2,400,000
59$2,647,565$2,520,365$2,483,165$2,708,816
60$2,894,727$2,620,974$2,543,462$2,856,784
61$3,166,379$2,725,791$2,605,057$3,013,966
62$3,464,995$2,835,000$2,667,972$3,182,851
63$3,793,303$2,948,793$2,732,228$3,364,485
64$4,154,307$3,067,371$2,797,844$3,560,016
65$4,551,317$3,190,943$2,864,843$3,770,703
66$4,987,980$3,319,729$2,933,244$3,997,927
67$5,468,315$3,453,956$3,003,068$4,243,207
68$5,996,747$3,593,864$3,074,335$4,508,206
69$6,578,156$3,739,704$3,147,066$4,794,754
70$7,217,915$3,891,736$3,221,280$5,104,858
71$7,921,947$4,050,236$3,296,997$5,440,726
72$8,696,775$4,215,487$3,374,236$5,804,779
73$9,549,590$4,387,790$3,453,017$6,199,683
74$10,488,313$4,567,456$3,533,358$6,628,363
75$11,521,673$4,754,813$3,615,277$7,094,037
76$12,659,287$4,950,202$3,698,792$7,600,243
77$13,911,753$5,153,982$3,783,921$8,150,868
78$15,290,750$5,366,524$3,870,680$8,750,188
79$16,809,144$5,588,222$3,959,085$9,402,907
80$18,481,114$5,819,482$4,049,152$10,114,196
81$20,322,285$6,060,734$4,140,896$10,889,745
82$22,349,872$6,312,424$4,234,330$11,735,810
83$24,582,847$6,575,020$4,329,468$12,659,279
84$27,042,113$6,849,013$4,426,321$13,667,727
85$29,750,707$7,134,913$4,524,901$14,769,489
86$32,734,012$7,433,256$4,625,218$15,973,740
87$36,019,999$7,744,604$4,727,281$17,290,575
88$39,639,491$8,069,541$4,831,097$18,731,105
89$43,626,453$8,408,683$4,936,673$20,307,562
90$48,018,313$8,762,670$5,044,013$22,033,407
91$52,856,314$9,132,174$5,153,120$23,923,461
92$58,185,906$9,517,898$5,263,997$25,994,040
93$64,057,170$9,920,577$5,376,644$28,263,104
94$70,525,298$10,340,981$5,491,057$30,750,430
95$77,651,104$10,779,915$5,607,233$33,477,794
96$85,501,608$11,238,222$5,725,167$36,469,171
97$94,150,661$11,716,784$5,844,849$39,750,964
98$103,679,646$12,216,524$5,966,269$43,352,245
99$114,178,244$12,738,408$6,089,414$47,305,031
100$125,745,283$13,283,448$6,214,267$51,644,581