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%12.2%
1 years$222,963$220,977$219,040$217,149$215,302$213,320
2 years$110,378$108,322$106,330$104,398$102,525$100,528
3 years$72,854$70,790$68,803$66,889$65,046$63,096
4 years$54,096$52,038$50,071$48,190$46,391$44,503
5 years$42,844$40,798$38,857$37,014$35,266$33,445
6 years$35,345$33,315$31,402$29,601$27,905$26,154
7 years$29,991$27,978$26,095$24,336$22,694$21,014
8 years$25,977$23,982$22,131$20,415$18,827$17,217
9 years$22,857$20,881$19,061$17,389$15,855$14,315
10 years$20,362$18,405$16,618$14,990$13,509$12,039
11 years$18,323$16,385$14,630$13,045$11,618$10,216
12 years$16,624$14,707$12,984$11,443$10,068$8,732
13 years$15,188$13,290$11,600$10,102$8,780$7,509
14 years$13,958$12,081$10,423$8,968$7,696$6,489
15 years$12,893$11,036$9,411$7,997$6,776$5,631
16 years$11,962$10,125$8,532$7,161$5,989$4,903
17 years$11,141$9,325$7,764$6,434$5,310$4,282
18 years$10,413$8,617$7,087$5,798$4,722$3,749
19 years$9,762$7,986$6,488$5,239$4,208$3,290
20 years$9,176$7,421$5,954$4,745$3,759$2,893
21 years$8,648$6,912$5,477$4,307$3,364$2,547
22 years$8,167$6,452$5,048$3,916$3,015$2,246
23 years$7,730$6,035$4,661$3,566$2,707$1,984
24 years$7,329$5,654$4,310$3,252$2,433$1,753
25 years$6,961$5,306$3,992$2,970$2,189$1,551
26 years$6,622$4,987$3,703$2,716$1,972$1,374
27 years$6,308$4,693$3,438$2,486$1,778$1,217
28 years$6,018$4,422$3,196$2,278$1,604$1,080
29 years$5,748$4,172$2,974$2,089$1,449$958
30 years$5,496$3,940$2,771$1,917$1,309$850
31 years$5,261$3,725$2,583$1,760$1,183$755
32 years$5,041$3,524$2,410$1,618$1,070$671
33 years$4,835$3,338$2,250$1,488$969$596
34 years$4,642$3,163$2,102$1,369$877$530
35 years$4,460$3,000$1,966$1,260$794$471
36 years$4,288$2,848$1,839$1,161$720$419
37 years$4,126$2,705$1,721$1,069$652$373
38 years$3,973$2,570$1,612$986$591$332
39 years$3,829$2,444$1,510$909$536$296
40 years$3,691$2,325$1,415$838$486$263
41 years$3,561$2,214$1,327$773$441$234
42 years$3,437$2,108$1,245$714$400$209
43 years$3,320$2,009$1,168$659$363$186
44 years$3,208$1,915$1,097$608$330$165
45 years$3,101$1,826$1,030$562$299$147
46 years$3,000$1,742$967$519$272$131
47 years$2,903$1,662$909$479$247$117
48 years$2,810$1,587$854$443$224$104
49 years$2,721$1,515$802$409$204$93
50 years$2,636$1,447$754$378$185$83

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 $4,442 every year, while hoping to spend $57,060 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: 63/14/23 Blend
58$2,700,000$2,700,000$2,700,000$2,700,000
59$2,979,982$2,836,882$2,795,032$3,149,539
60$3,223,229$2,915,178$2,827,954$3,342,886
61$3,489,374$2,995,398$2,860,067$3,547,226
62$3,780,694$3,077,576$2,891,283$3,769,121
63$4,099,693$3,161,746$2,921,509$4,010,297
64$4,449,132$3,247,941$2,950,650$4,272,649
65$4,832,048$3,336,195$2,978,601$4,558,268
66$5,251,789$3,426,540$3,005,256$4,869,457
67$5,712,040$3,519,009$3,030,500$5,208,753
68$6,216,860$3,613,632$3,054,214$5,578,950
69$6,770,720$3,710,441$3,076,271$5,983,127
70$7,378,547$3,809,466$3,096,539$6,424,677
71$8,045,764$3,910,735$3,114,879$6,907,336
72$8,778,347$4,014,276$3,131,142$7,435,223
73$9,582,879$4,120,116$3,145,176$8,012,876
74$10,466,611$4,228,280$3,156,818$8,645,293
75$11,437,531$4,338,792$3,165,897$9,337,986
76$12,504,441$4,451,674$3,172,236$10,097,022
77$13,677,033$4,566,946$3,175,646$10,929,094
78$14,965,990$4,684,626$3,175,930$11,841,570
79$16,383,079$4,804,730$3,172,881$12,842,576
80$17,941,263$4,927,272$3,166,283$13,941,060
81$19,654,826$5,052,263$3,155,907$15,146,889
82$21,539,505$5,179,710$3,141,516$16,470,931
83$23,612,637$5,309,618$3,122,859$17,925,165
84$25,893,325$5,441,989$3,099,675$19,522,793
85$28,402,618$5,576,820$3,071,688$21,278,361
86$31,163,707$5,714,106$3,038,611$23,207,900
87$34,202,143$5,853,835$3,000,143$25,329,079
88$37,546,082$5,995,993$2,955,967$27,661,367
89$41,226,545$6,140,559$2,905,755$30,226,220
90$45,277,714$6,287,508$2,849,159$33,047,283
91$49,737,253$6,436,809$2,785,818$36,150,614
92$54,646,663$6,588,423$2,715,354$39,564,932
93$60,051,674$6,742,307$2,637,370$43,321,884
94$66,002,675$6,898,409$2,551,451$47,456,347
95$72,555,187$7,056,671$2,457,164$52,006,757
96$79,770,394$7,217,026$2,354,057$57,015,473
97$87,715,711$7,379,397$2,241,654$62,529,176
98$96,465,425$7,543,699$2,119,462$68,599,311
99$106,101,396$7,709,837$1,986,961$75,282,573
100$116,713,825$7,877,706$1,843,611$82,641,442