Can I retire at age 59 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$222,963$220,977$219,040$217,149$215,302$209,757
2 years$110,378$108,322$106,330$104,398$102,525$96,975
3 years$72,854$70,790$68,803$66,889$65,046$59,665
4 years$54,096$52,038$50,071$48,190$46,391$41,221
5 years$42,844$40,798$38,857$37,014$35,266$30,320
6 years$35,345$33,315$31,402$29,601$27,905$23,189
7 years$29,991$27,978$26,095$24,336$22,694$18,208
8 years$25,977$23,982$22,131$20,415$18,827$14,569
9 years$22,857$20,881$19,061$17,389$15,855$11,821
10 years$20,362$18,405$16,618$14,990$13,509$9,694
11 years$18,323$16,385$14,630$13,045$11,618$8,017
12 years$16,624$14,707$12,984$11,443$10,068$6,674
13 years$15,188$13,290$11,600$10,102$8,780$5,586
14 years$13,958$12,081$10,423$8,968$7,696$4,695
15 years$12,893$11,036$9,411$7,997$6,776$3,961
16 years$11,962$10,125$8,532$7,161$5,989$3,352
17 years$11,141$9,325$7,764$6,434$5,310$2,843
18 years$10,413$8,617$7,087$5,798$4,722$2,416
19 years$9,762$7,986$6,488$5,239$4,208$2,057
20 years$9,176$7,421$5,954$4,745$3,759$1,754
21 years$8,648$6,912$5,477$4,307$3,364$1,497
22 years$8,167$6,452$5,048$3,916$3,015$1,280
23 years$7,730$6,035$4,661$3,566$2,707$1,095
24 years$7,329$5,654$4,310$3,252$2,433$937
25 years$6,961$5,306$3,992$2,970$2,189$803
26 years$6,622$4,987$3,703$2,716$1,972$688
27 years$6,308$4,693$3,438$2,486$1,778$590
28 years$6,018$4,422$3,196$2,278$1,604$506
29 years$5,748$4,172$2,974$2,089$1,449$434
30 years$5,496$3,940$2,771$1,917$1,309$373
31 years$5,261$3,725$2,583$1,760$1,183$320
32 years$5,041$3,524$2,410$1,618$1,070$275
33 years$4,835$3,338$2,250$1,488$969$236
34 years$4,642$3,163$2,102$1,369$877$203
35 years$4,460$3,000$1,966$1,260$794$174
36 years$4,288$2,848$1,839$1,161$720$150
37 years$4,126$2,705$1,721$1,069$652$129
38 years$3,973$2,570$1,612$986$591$110
39 years$3,829$2,444$1,510$909$536$95
40 years$3,691$2,325$1,415$838$486$82
41 years$3,561$2,214$1,327$773$441$70
42 years$3,437$2,108$1,245$714$400$60
43 years$3,320$2,009$1,168$659$363$52
44 years$3,208$1,915$1,097$608$330$45
45 years$3,101$1,826$1,030$562$299$38
46 years$3,000$1,742$967$519$272$33
47 years$2,903$1,662$909$479$247$28
48 years$2,810$1,587$854$443$224$24
49 years$2,721$1,515$802$409$204$21
50 years$2,636$1,447$754$378$185$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,700,000, adding $2,374 every year, while hoping to spend $29,636 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: 82/12/6 Blend
58$2,700,000$2,700,000$2,700,000$2,700,000
59$2,977,849$2,834,749$2,792,899$3,220,705
60$3,250,057$2,942,119$2,854,928$3,487,156
61$3,549,037$3,053,757$2,918,043$3,775,384
62$3,877,488$3,169,841$2,982,247$4,090,873
63$4,238,385$3,290,556$3,047,545$4,436,335
64$4,635,003$3,416,096$3,113,941$4,814,755
65$5,070,952$3,546,663$3,181,436$5,229,420
66$5,550,207$3,682,468$3,250,032$5,683,949
67$6,077,150$3,823,731$3,319,730$6,182,330
68$6,656,607$3,970,681$3,390,529$6,728,952
69$7,293,896$4,123,560$3,462,427$7,328,651
70$7,994,875$4,282,616$3,535,420$7,986,752
71$8,766,000$4,448,111$3,609,504$8,709,121
72$9,614,382$4,620,319$3,684,672$9,502,220
73$10,547,858$4,799,524$3,760,918$10,373,165
74$11,575,063$4,986,023$3,838,231$11,329,794
75$12,705,508$5,180,127$3,916,601$12,380,744
76$13,949,678$5,382,161$3,996,015$13,535,527
77$15,319,121$5,592,463$4,076,458$14,804,621
78$16,826,565$5,811,387$4,157,912$16,199,570
79$18,486,032$6,039,303$4,240,360$17,733,093
80$20,312,974$6,276,596$4,323,779$19,419,198
81$22,324,417$6,523,669$4,408,146$21,273,321
82$24,539,123$6,780,943$4,493,433$23,312,466
83$26,977,763$7,048,859$4,579,613$25,555,368
84$29,663,117$7,327,876$4,666,653$28,022,667
85$32,620,287$7,618,474$4,754,517$30,737,104
86$35,876,931$7,921,154$4,843,169$33,723,734
87$39,463,529$8,236,441$4,932,565$37,010,163
88$43,413,664$8,564,882$5,022,662$40,626,804
89$47,764,347$8,907,050$5,113,410$44,607,171
90$52,556,357$9,263,542$5,204,756$48,988,186
91$57,834,634$9,634,984$5,296,644$53,810,534
92$63,648,697$10,022,029$5,389,012$59,119,041
93$70,053,115$10,425,360$5,481,795$64,963,099
94$77,108,020$10,845,689$5,574,921$71,397,132
95$84,879,673$11,283,763$5,668,317$78,481,106
96$93,441,095$11,740,362$5,761,900$86,281,098
97$102,872,747$12,216,301$5,855,585$94,869,915
98$113,263,299$12,712,432$5,949,279$104,327,782
99$124,710,460$13,229,645$6,042,884$114,743,101
100$137,321,901$13,768,872$6,136,295$126,213,279