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%15.1%
1 years$202,319$200,517$198,758$197,042$195,366$191,266
2 years$100,158$98,292$96,485$94,732$93,032$88,919
3 years$66,109$64,235$62,432$60,696$59,023$55,028
4 years$49,087$47,220$45,434$43,728$42,096$38,248
5 years$38,877$37,021$35,259$33,587$32,001$28,312
6 years$32,073$30,230$28,495$26,860$25,321$21,794
7 years$27,214$25,387$23,679$22,083$20,593$17,230
8 years$23,572$21,762$20,082$18,525$17,084$13,883
9 years$20,741$18,947$17,296$15,779$14,387$11,346
10 years$18,477$16,701$15,079$13,602$12,258$9,374
11 years$16,626$14,868$13,276$11,838$10,543$7,812
12 years$15,085$13,345$11,782$10,383$9,136$6,554
13 years$13,782$12,060$10,526$9,167$7,967$5,530
14 years$12,666$10,962$9,458$8,137$6,984$4,687
15 years$11,699$10,014$8,539$7,257$6,149$3,987
16 years$10,854$9,188$7,742$6,498$5,434$3,402
17 years$10,110$8,462$7,045$5,838$4,819$2,911
18 years$9,449$7,819$6,431$5,261$4,284$2,496
19 years$8,858$7,246$5,887$4,754$3,819$2,144
20 years$8,327$6,734$5,403$4,306$3,411$1,845
21 years$7,847$6,272$4,970$3,908$3,052$1,590
22 years$7,411$5,855$4,580$3,553$2,736$1,371
23 years$7,014$5,476$4,229$3,236$2,456$1,184
24 years$6,650$5,131$3,911$2,951$2,208$1,023
25 years$6,316$4,815$3,623$2,695$1,987$885
26 years$6,009$4,525$3,360$2,464$1,789$766
27 years$5,724$4,259$3,120$2,256$1,613$663
28 years$5,461$4,013$2,900$2,067$1,456$574
29 years$5,215$3,786$2,699$1,895$1,314$498
30 years$4,987$3,575$2,514$1,739$1,188$431
31 years$4,774$3,380$2,344$1,597$1,074$374
32 years$4,575$3,198$2,187$1,468$971$324
33 years$4,388$3,029$2,042$1,350$879$281
34 years$4,212$2,870$1,908$1,242$796$244
35 years$4,047$2,722$1,784$1,143$721$212
36 years$3,891$2,584$1,669$1,053$653$184
37 years$3,744$2,454$1,562$970$592$160
38 years$3,605$2,332$1,462$894$537$139
39 years$3,474$2,218$1,370$825$487$120
40 years$3,350$2,110$1,284$761$441$105
41 years$3,231$2,009$1,204$702$400$91
42 years$3,119$1,913$1,130$648$363$79
43 years$3,013$1,823$1,060$598$330$68
44 years$2,911$1,737$995$552$299$59
45 years$2,814$1,657$934$510$272$52
46 years$2,722$1,580$877$471$247$45
47 years$2,634$1,508$824$435$224$39
48 years$2,550$1,440$775$402$203$34
49 years$2,469$1,375$728$372$185$29
50 years$2,392$1,313$685$343$168$26

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 $5,556 every year, while hoping to spend $51,985 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: 44/34/22 Blend
58$2,450,000$2,450,000$2,450,000$2,450,000
59$2,705,631$2,575,781$2,537,806$2,807,210
60$2,926,294$2,646,683$2,567,511$2,950,454
61$3,167,722$2,719,316$2,596,469$3,100,127
62$3,431,978$2,793,711$2,624,599$3,261,313
63$3,721,335$2,869,898$2,651,818$3,435,106
64$4,038,294$2,947,906$2,678,037$3,622,708
65$4,385,610$3,027,764$2,703,162$3,825,446
66$4,766,318$3,109,500$2,727,093$4,044,777
67$5,183,760$3,193,143$2,749,728$4,282,309
68$5,641,616$3,278,719$2,770,956$4,539,812
69$6,143,940$3,366,256$2,790,663$4,819,234
70$6,695,198$3,455,779$2,808,726$5,122,723
71$7,300,309$3,547,312$2,825,019$5,452,644
72$7,964,690$3,640,880$2,839,406$5,811,601
73$8,694,310$3,736,505$2,851,748$6,202,465
74$9,495,744$3,834,208$2,861,896$6,628,398
75$10,376,234$3,934,008$2,869,694$7,092,883
76$11,343,760$4,035,925$2,874,979$7,599,760
77$12,407,112$4,139,974$2,877,579$8,153,256
78$13,575,974$4,246,169$2,877,314$8,758,033
79$14,861,015$4,354,523$2,873,996$9,419,224
80$16,273,989$4,465,045$2,867,426$10,142,489
81$17,827,847$4,577,743$2,857,395$10,934,061
82$19,536,857$4,692,622$2,843,687$11,800,812
83$21,416,738$4,809,682$2,826,073$12,750,312
84$23,484,812$4,928,923$2,804,313$13,790,905
85$25,760,162$5,050,339$2,778,156$14,931,787
86$28,263,814$5,173,922$2,747,340$16,183,088
87$31,018,936$5,299,657$2,711,589$17,555,977
88$34,051,055$5,427,528$2,670,615$19,062,759
89$37,388,299$5,557,513$2,624,117$20,716,996
90$41,061,658$5,689,584$2,571,778$22,533,634
91$45,105,283$5,823,709$2,513,268$24,529,144
92$49,556,800$5,959,849$2,448,240$26,721,680
93$54,457,671$6,097,960$2,376,334$29,131,248
94$59,853,583$6,237,989$2,297,171$31,779,895
95$65,794,877$6,379,878$2,210,354$34,691,921
96$72,337,023$6,523,561$2,115,470$37,894,105
97$79,541,148$6,668,964$2,012,086$41,415,960
98$87,474,604$6,816,002$1,899,750$45,290,013
99$96,211,610$6,964,583$1,777,989$49,552,111
100$105,833,951$7,114,605$1,646,308$54,241,761