Can I retire at age 59 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$202,319$200,517$198,758$197,042$195,366$189,264
2 years$100,158$98,292$96,485$94,732$93,032$86,938
3 years$66,109$64,235$62,432$60,696$59,023$53,129
4 years$49,087$47,220$45,434$43,728$42,096$36,447
5 years$38,877$37,021$35,259$33,587$32,001$26,612
6 years$32,073$30,230$28,495$26,860$25,321$20,197
7 years$27,214$25,387$23,679$22,083$20,593$15,733
8 years$23,572$21,762$20,082$18,525$17,084$12,486
9 years$20,741$18,947$17,296$15,779$14,387$10,045
10 years$18,477$16,701$15,079$13,602$12,258$8,166
11 years$16,626$14,868$13,276$11,838$10,543$6,693
12 years$15,085$13,345$11,782$10,383$9,136$5,520
13 years$13,782$12,060$10,526$9,167$7,967$4,577
14 years$12,666$10,962$9,458$8,137$6,984$3,810
15 years$11,699$10,014$8,539$7,257$6,149$3,183
16 years$10,854$9,188$7,742$6,498$5,434$2,666
17 years$10,110$8,462$7,045$5,838$4,819$2,238
18 years$9,449$7,819$6,431$5,261$4,284$1,883
19 years$8,858$7,246$5,887$4,754$3,819$1,586
20 years$8,327$6,734$5,403$4,306$3,411$1,338
21 years$7,847$6,272$4,970$3,908$3,052$1,130
22 years$7,411$5,855$4,580$3,553$2,736$955
23 years$7,014$5,476$4,229$3,236$2,456$808
24 years$6,650$5,131$3,911$2,951$2,208$684
25 years$6,316$4,815$3,623$2,695$1,987$580
26 years$6,009$4,525$3,360$2,464$1,789$491
27 years$5,724$4,259$3,120$2,256$1,613$416
28 years$5,461$4,013$2,900$2,067$1,456$353
29 years$5,215$3,786$2,699$1,895$1,314$299
30 years$4,987$3,575$2,514$1,739$1,188$254
31 years$4,774$3,380$2,344$1,597$1,074$216
32 years$4,575$3,198$2,187$1,468$971$183
33 years$4,388$3,029$2,042$1,350$879$155
34 years$4,212$2,870$1,908$1,242$796$132
35 years$4,047$2,722$1,784$1,143$721$112
36 years$3,891$2,584$1,669$1,053$653$95
37 years$3,744$2,454$1,562$970$592$81
38 years$3,605$2,332$1,462$894$537$69
39 years$3,474$2,218$1,370$825$487$58
40 years$3,350$2,110$1,284$761$441$50
41 years$3,231$2,009$1,204$702$400$42
42 years$3,119$1,913$1,130$648$363$36
43 years$3,013$1,823$1,060$598$330$30
44 years$2,911$1,737$995$552$299$26
45 years$2,814$1,657$934$510$272$22
46 years$2,722$1,580$877$471$247$19
47 years$2,634$1,508$824$435$224$16
48 years$2,550$1,440$775$402$203$13
49 years$2,469$1,375$728$372$185$11
50 years$2,392$1,313$685$343$168$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,450,000, adding $6,448 every year, while hoping to spend $33,404 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: 43/45/12 Blend
58$2,450,000$2,450,000$2,450,000$2,450,000
59$2,706,551$2,576,701$2,538,726$2,813,246
60$2,947,078$2,667,418$2,588,232$2,979,135
61$3,211,018$2,761,460$2,638,276$3,154,883
62$3,500,726$2,858,956$2,688,843$3,344,539
63$3,818,793$2,960,037$2,739,912$3,549,391
64$4,168,074$3,064,843$2,791,463$3,770,854
65$4,551,715$3,173,517$2,843,474$4,010,484
66$4,973,179$3,286,209$2,895,919$4,269,991
67$5,436,284$3,403,074$2,948,773$4,551,253
68$5,945,234$3,524,274$3,002,007$4,856,337
69$6,504,663$3,649,979$3,055,589$5,187,512
70$7,119,674$3,780,363$3,109,486$5,547,276
71$7,795,889$3,915,608$3,163,662$5,938,376
72$8,539,503$4,055,907$3,218,078$6,363,832
73$9,357,341$4,201,455$3,272,693$6,826,966
74$10,256,924$4,352,460$3,327,462$7,331,433
75$11,246,535$4,509,136$3,382,337$7,881,256
76$12,335,305$4,671,707$3,437,268$8,480,859
77$13,533,289$4,840,404$3,492,200$9,135,111
78$14,851,572$5,015,471$3,547,076$9,849,371
79$16,302,362$5,197,159$3,601,833$10,629,536
80$17,899,116$5,385,732$3,656,407$11,482,099
81$19,656,656$5,581,463$3,710,727$12,414,204
82$21,591,318$5,784,638$3,764,720$13,433,718
83$23,721,100$5,995,553$3,818,306$14,549,300
84$26,065,836$6,214,519$3,871,402$15,770,484
85$28,647,377$6,441,857$3,923,921$17,107,766
86$31,489,806$6,677,903$3,975,768$18,572,705
87$34,619,654$6,923,009$4,026,844$20,178,027
88$38,066,160$7,177,538$4,077,045$21,937,745
89$41,861,542$7,441,870$4,126,259$23,867,293
90$46,041,301$7,716,404$4,174,371$25,983,666
91$50,644,556$8,001,550$4,221,255$28,305,582
92$55,714,415$8,297,741$4,266,781$30,853,653
93$61,298,380$8,605,424$4,310,813$33,650,584
94$67,448,794$8,925,069$4,353,204$36,721,383
95$74,223,335$9,257,162$4,393,801$40,093,591
96$81,685,566$9,602,213$4,432,444$43,797,550
97$89,905,524$9,960,752$4,468,961$47,866,676
98$98,960,392$10,333,333$4,503,175$52,337,782
99$108,935,217$10,720,532$4,534,897$57,251,418
100$119,923,722$11,122,951$4,563,929$62,652,256