Can I retire at age 59 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$224,615$222,614$220,662$218,757$216,897$210,799
2 years$111,196$109,125$107,118$105,172$103,284$97,187
3 years$73,394$71,314$69,312$67,384$65,528$59,622
4 years$54,497$52,423$50,442$48,547$46,735$41,067
5 years$43,162$41,101$39,145$37,289$35,527$30,112
6 years$35,607$33,562$31,635$29,820$28,111$22,954
7 years$30,213$28,185$26,289$24,517$22,862$17,962
8 years$26,170$24,160$22,295$20,566$18,966$14,322
9 years$23,027$21,035$19,203$17,518$15,972$11,578
10 years$20,513$18,542$16,741$15,101$13,609$9,460
11 years$18,458$16,507$14,739$13,142$11,704$7,793
12 years$16,747$14,815$13,080$11,527$10,143$6,462
13 years$15,300$13,389$11,686$10,177$8,845$5,387
14 years$14,061$12,170$10,500$9,034$7,753$4,509
15 years$12,988$11,118$9,480$8,057$6,827$3,788
16 years$12,051$10,200$8,595$7,214$6,033$3,191
17 years$11,224$9,394$7,821$6,482$5,350$2,695
18 years$10,490$8,680$7,140$5,841$4,757$2,281
19 years$9,834$8,045$6,536$5,278$4,240$1,933
20 years$9,244$7,476$5,999$4,780$3,787$1,641
21 years$8,712$6,963$5,518$4,338$3,389$1,394
22 years$8,228$6,500$5,085$3,945$3,038$1,186
23 years$7,787$6,079$4,695$3,592$2,727$1,010
24 years$7,383$5,696$4,342$3,277$2,451$860
25 years$7,013$5,345$4,022$2,992$2,205$733
26 years$6,671$5,024$3,730$2,736$1,987$625
27 years$6,355$4,728$3,464$2,504$1,791$534
28 years$6,062$4,455$3,220$2,295$1,616$455
29 years$5,790$4,203$2,997$2,104$1,459$389
30 years$5,537$3,969$2,791$1,931$1,319$332
31 years$5,300$3,752$2,602$1,774$1,192$284
32 years$5,079$3,550$2,428$1,630$1,078$242
33 years$4,871$3,362$2,267$1,499$976$207
34 years$4,676$3,187$2,118$1,379$884$177
35 years$4,493$3,023$1,980$1,270$800$151
36 years$4,320$2,869$1,852$1,169$725$129
37 years$4,157$2,725$1,734$1,077$657$111
38 years$4,003$2,589$1,624$993$596$95
39 years$3,857$2,462$1,521$916$540$81
40 years$3,719$2,343$1,426$844$490$69
41 years$3,588$2,230$1,337$779$445$59
42 years$3,463$2,124$1,254$719$403$51
43 years$3,345$2,024$1,177$664$366$43
44 years$3,232$1,929$1,105$613$332$37
45 years$3,124$1,839$1,037$566$302$32
46 years$3,022$1,755$974$523$274$27
47 years$2,924$1,674$915$483$249$23
48 years$2,831$1,599$860$446$226$20
49 years$2,741$1,526$808$412$205$17
50 years$2,656$1,458$760$381$186$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,720,000, adding $2,172 every year, while hoping to spend $49,409 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: 53/21/26 Blend
58$2,720,000$2,720,000$2,720,000$2,720,000
59$2,999,680$2,855,520$2,813,360$3,136,850
60$3,253,077$2,942,870$2,855,037$3,319,295
61$3,530,664$3,032,844$2,896,454$3,512,493
62$3,834,857$3,125,518$2,937,550$3,721,743
63$4,168,315$3,220,972$2,978,262$3,948,598
64$4,533,969$3,319,285$3,018,519$4,194,770
65$4,935,045$3,420,541$3,058,250$4,462,141
66$5,375,097$3,524,825$3,097,379$4,752,786
67$5,858,039$3,632,224$3,135,824$5,068,988
68$6,388,185$3,742,828$3,173,499$5,413,264
69$6,970,282$3,856,729$3,210,314$5,788,383
70$7,609,565$3,974,023$3,246,173$6,197,396
71$8,311,796$4,094,805$3,280,975$6,643,665
72$9,083,325$4,219,177$3,314,614$7,130,892
73$9,931,148$4,347,240$3,346,977$7,663,154
74$10,862,970$4,479,100$3,377,946$8,244,944
75$11,887,282$4,614,865$3,407,396$8,881,212
76$13,013,437$4,754,645$3,435,196$9,577,409
77$14,251,739$4,898,555$3,461,207$10,339,542
78$15,613,543$5,046,711$3,485,284$11,174,229
79$17,111,357$5,199,232$3,507,274$12,088,761
80$18,758,962$5,356,241$3,527,014$13,091,172
81$20,571,544$5,517,865$3,544,337$14,190,312
82$22,565,834$5,684,232$3,559,064$15,395,936
83$24,760,264$5,855,475$3,571,009$16,718,787
84$27,175,147$6,031,730$3,579,974$18,170,706
85$29,832,863$6,213,135$3,585,753$19,764,741
86$32,758,069$6,399,833$3,588,130$21,515,266
87$35,977,937$6,591,970$3,586,878$23,438,123
88$39,522,407$6,789,696$3,581,758$25,550,766
89$43,424,466$6,993,164$3,572,520$27,872,431
90$47,720,464$7,202,532$3,558,902$30,424,311
91$52,450,455$7,417,960$3,540,629$33,229,763
92$57,658,574$7,639,613$3,517,413$36,314,523
93$63,393,453$7,867,659$3,488,951$39,706,951
94$69,708,682$8,102,271$3,454,928$43,438,301
95$76,663,311$8,343,626$3,415,011$47,543,011
96$84,322,409$8,591,903$3,368,854$52,059,032
97$92,757,678$8,847,289$3,316,093$57,028,186
98$102,048,126$9,109,972$3,256,348$62,496,559
99$112,280,820$9,380,145$3,189,220$68,514,937
100$123,551,697$9,658,006$3,114,293$75,139,287