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

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$198,190$196,424$194,702$193,021$191,379$188,519
2 years$98,114$96,286$94,516$92,799$91,133$88,258
3 years$64,759$62,924$61,158$59,457$57,819$55,018
4 years$48,086$46,256$44,507$42,835$41,237$38,532
5 years$38,084$36,265$34,539$32,902$31,347$28,747
6 years$31,418$29,613$27,913$26,312$24,804$22,311
7 years$26,659$24,869$23,196$21,632$20,172$17,787
8 years$23,091$21,318$19,672$18,147$16,735$14,457
9 years$20,318$18,561$16,943$15,457$14,093$11,921
10 years$18,100$16,360$14,772$13,324$12,008$9,941
11 years$16,287$14,565$13,005$11,596$10,327$8,362
12 years$14,777$13,072$11,541$10,171$8,950$7,085
13 years$13,500$11,814$10,311$8,980$7,804$6,037
14 years$12,407$10,738$9,265$7,971$6,841$5,168
15 years$11,460$9,810$8,365$7,109$6,023$4,442
16 years$10,633$9,000$7,584$6,365$5,324$3,831
17 years$9,904$8,289$6,901$5,719$4,720$3,313
18 years$9,256$7,659$6,300$5,154$4,197$2,872
19 years$8,677$7,099$5,767$4,657$3,741$2,495
20 years$8,157$6,596$5,293$4,218$3,341$2,171
21 years$7,687$6,144$4,868$3,828$2,990$1,892
22 years$7,260$5,735$4,487$3,481$2,680$1,651
23 years$6,871$5,364$4,143$3,170$2,406$1,442
24 years$6,515$5,026$3,832$2,891$2,163$1,261
25 years$6,188$4,717$3,549$2,640$1,946$1,103
26 years$5,886$4,433$3,291$2,414$1,753$966
27 years$5,607$4,172$3,056$2,210$1,580$847
28 years$5,349$3,931$2,841$2,025$1,426$743
29 years$5,109$3,708$2,644$1,857$1,288$651
30 years$4,885$3,502$2,463$1,704$1,163$572
31 years$4,677$3,311$2,296$1,565$1,052$502
32 years$4,481$3,133$2,142$1,438$951$441
33 years$4,298$2,967$2,000$1,323$861$387
34 years$4,126$2,812$1,869$1,217$780$340
35 years$3,964$2,667$1,747$1,120$706$299
36 years$3,812$2,531$1,634$1,032$640$263
37 years$3,668$2,404$1,530$951$580$231
38 years$3,532$2,285$1,433$876$526$203
39 years$3,403$2,173$1,342$808$477$179
40 years$3,281$2,067$1,258$745$432$157
41 years$3,165$1,968$1,180$687$392$138
42 years$3,056$1,874$1,107$634$356$122
43 years$2,951$1,785$1,038$586$323$107
44 years$2,852$1,702$975$541$293$94
45 years$2,757$1,623$915$499$266$83
46 years$2,666$1,548$860$461$242$73
47 years$2,580$1,477$808$426$219$64
48 years$2,498$1,410$759$394$199$56
49 years$2,419$1,347$713$364$181$50
50 years$2,343$1,287$671$336$164$44

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 $5,254 every year, while hoping to spend $51,739 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: 50/36/14 Blend
58$2,400,000$2,400,000$2,400,000$2,400,000
59$2,650,220$2,523,020$2,485,820$2,772,340
60$2,865,492$2,591,598$2,514,045$2,925,371
61$3,100,988$2,661,802$2,541,481$3,085,738
62$3,358,716$2,733,658$2,568,048$3,258,857
63$3,640,888$2,807,189$2,593,660$3,445,943
64$3,949,937$2,882,420$2,618,227$3,648,334
65$4,288,547$2,959,375$2,641,653$3,867,503
66$4,659,670$3,038,076$2,663,840$4,105,070
67$5,066,559$3,118,544$2,684,681$4,362,823
68$5,512,795$3,200,800$2,704,065$4,642,725
69$6,002,326$3,284,865$2,721,877$4,946,943
70$6,539,496$3,370,756$2,737,993$5,277,860
71$7,129,093$3,458,492$2,752,284$5,638,101
72$7,776,390$3,548,087$2,764,615$6,030,560
73$8,487,195$3,639,557$2,774,843$6,458,420
74$9,267,908$3,732,913$2,782,819$6,925,192
75$10,125,576$3,828,167$2,788,384$7,434,741
76$11,067,964$3,925,328$2,791,375$7,991,324
77$12,103,628$4,024,400$2,791,618$8,599,632
78$13,241,992$4,125,390$2,788,931$9,264,835
79$14,493,439$4,228,297$2,783,124$9,992,626
80$15,869,407$4,333,121$2,773,996$10,789,279
81$17,382,500$4,439,857$2,761,338$11,661,706
82$19,046,602$4,548,497$2,744,930$12,617,523
83$20,877,012$4,659,030$2,724,541$13,665,121
84$22,890,584$4,771,440$2,699,931$14,813,749
85$25,105,891$4,885,708$2,670,845$16,073,595
86$27,543,394$5,001,809$2,637,021$17,455,885
87$30,225,638$5,119,716$2,598,179$18,972,993
88$33,177,465$5,239,394$2,554,029$20,638,550
89$36,426,245$5,360,803$2,504,269$22,467,581
90$40,002,139$5,483,899$2,448,578$24,476,639
91$43,938,377$5,608,630$2,386,626$26,683,968
92$48,271,576$5,734,938$2,318,062$29,109,671
93$53,042,083$5,862,756$2,242,523$31,775,903
94$58,294,356$5,992,011$2,159,628$34,707,077
95$64,077,383$6,122,623$2,068,979$37,930,099
96$70,445,145$6,254,500$1,970,158$41,474,615
97$77,457,122$6,387,543$1,862,731$45,373,302
98$85,178,858$6,521,642$1,746,242$49,662,165
99$93,682,576$6,656,677$1,620,216$54,380,887
100$103,047,860$6,792,516$1,484,155$59,573,197