Can I retire at age 59 with 2,730,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$225,441$223,433$221,474$219,561$217,694$213,736
2 years$111,604$109,526$107,511$105,558$103,664$99,690
3 years$73,664$71,576$69,567$67,632$65,769$61,903
4 years$54,697$52,616$50,627$48,725$46,907$43,180
5 years$43,320$41,252$39,289$37,426$35,658$32,079
6 years$35,738$33,685$31,751$29,930$28,215$24,789
7 years$30,324$28,289$26,385$24,607$22,946$19,674
8 years$26,266$24,249$22,377$20,642$19,036$15,917
9 years$23,111$21,113$19,273$17,582$16,031$13,063
10 years$20,589$18,610$16,803$15,156$13,659$10,840
11 years$18,526$16,567$14,793$13,190$11,747$9,073
12 years$16,809$14,870$13,128$11,570$10,180$7,647
13 years$15,357$13,438$11,729$10,214$8,877$6,482
14 years$14,113$12,215$10,539$9,067$7,782$5,520
15 years$13,036$11,158$9,515$8,086$6,852$4,718
16 years$12,095$10,238$8,627$7,240$6,056$4,046
17 years$11,265$9,429$7,850$6,505$5,369$3,479
18 years$10,529$8,712$7,166$5,863$4,774$2,999
19 years$9,870$8,075$6,560$5,297$4,255$2,590
20 years$9,278$7,503$6,021$4,798$3,801$2,240
21 years$8,744$6,989$5,538$4,354$3,401$1,940
22 years$8,258$6,524$5,104$3,959$3,049$1,683
23 years$7,816$6,102$4,713$3,606$2,737$1,461
24 years$7,410$5,717$4,358$3,289$2,460$1,269
25 years$7,038$5,365$4,037$3,003$2,214$1,104
26 years$6,695$5,042$3,744$2,746$1,994$961
27 years$6,378$4,745$3,477$2,514$1,798$836
28 years$6,085$4,472$3,232$2,303$1,622$729
29 years$5,811$4,218$3,008$2,112$1,465$635
30 years$5,557$3,984$2,801$1,938$1,323$554
31 years$5,320$3,766$2,612$1,780$1,196$483
32 years$5,097$3,563$2,437$1,636$1,082$421
33 years$4,889$3,375$2,275$1,504$979$368
34 years$4,693$3,198$2,126$1,384$887$321
35 years$4,509$3,034$1,987$1,274$803$280
36 years$4,336$2,879$1,859$1,173$728$245
37 years$4,172$2,735$1,740$1,081$660$214
38 years$4,017$2,599$1,630$997$598$186
39 years$3,871$2,471$1,527$919$542$163
40 years$3,732$2,351$1,431$848$492$142
41 years$3,601$2,238$1,342$782$446$124
42 years$3,476$2,132$1,259$722$405$109
43 years$3,357$2,031$1,181$666$367$95
44 years$3,244$1,936$1,109$615$334$83
45 years$3,136$1,846$1,041$568$303$72
46 years$3,033$1,761$978$525$275$63
47 years$2,935$1,681$919$485$250$55
48 years$2,841$1,604$863$448$227$48
49 years$2,751$1,532$811$414$206$42
50 years$2,665$1,464$763$383$187$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,730,000, adding $4,270 every year, while hoping to spend $40,538 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: 71/16/13 Blend
58$2,730,000$2,730,000$2,730,000$2,730,000
59$3,012,865$2,868,175$2,825,860$3,218,016
60$3,277,045$2,965,583$2,877,394$3,452,011
61$3,566,812$3,066,406$2,929,296$3,702,741
62$3,884,735$3,170,767$2,981,535$3,976,143
63$4,233,640$3,278,797$3,034,078$4,274,447
64$4,616,642$3,390,629$3,086,891$4,600,107
65$5,037,173$3,506,403$3,139,935$4,955,827
66$5,499,011$3,626,263$3,193,169$5,344,582
67$6,006,320$3,750,360$3,246,550$5,769,650
68$6,563,686$3,878,849$3,300,031$6,234,638
69$7,176,162$4,011,893$3,353,562$6,743,522
70$7,849,315$4,149,660$3,407,091$7,300,677
71$8,589,277$4,292,325$3,460,560$7,910,923
72$9,402,804$4,440,070$3,513,910$8,579,570
73$10,297,339$4,593,082$3,567,075$9,312,463
74$11,281,084$4,751,559$3,619,988$10,116,045
75$12,363,073$4,915,704$3,672,576$10,997,408
76$13,553,261$5,085,729$3,724,762$11,964,367
77$14,862,618$5,261,853$3,776,465$13,025,529
78$16,303,226$5,444,306$3,827,599$14,190,378
79$17,888,402$5,633,324$3,878,070$15,469,358
80$19,632,817$5,829,155$3,927,784$16,873,978
81$21,552,636$6,032,055$3,976,636$18,416,915
82$23,665,671$6,242,291$4,024,519$20,112,135
83$25,991,547$6,460,141$4,071,318$21,975,026
84$28,551,890$6,685,893$4,116,912$24,022,540
85$31,370,527$6,919,846$4,161,174$26,273,354
86$34,473,716$7,162,314$4,203,968$28,748,046
87$37,890,387$7,413,619$4,245,152$31,469,287
88$41,652,419$7,674,099$4,284,577$34,462,058
89$45,794,940$7,944,104$4,322,086$37,753,881
90$50,356,659$8,224,001$4,357,511$41,375,081
91$55,380,229$8,514,167$4,390,678$45,359,071
92$60,912,649$8,814,998$4,421,402$49,742,667
93$67,005,710$9,126,904$4,449,490$54,566,435
94$73,716,483$9,450,312$4,474,738$59,875,071
95$81,107,854$9,785,668$4,496,932$65,717,826
96$89,249,123$10,133,433$4,515,847$72,148,967
97$98,216,651$10,494,089$4,531,246$79,228,294
98$108,094,588$10,868,137$4,542,880$87,021,694
99$118,975,658$11,256,098$4,550,489$95,601,772
100$130,962,043$11,658,515$4,553,799$105,048,532