Can I retire at age 59 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$227,092$225,070$223,096$221,170$219,289$214,249
2 years$112,422$110,328$108,299$106,332$104,423$99,373
3 years$74,204$72,101$70,077$68,128$66,250$61,348
4 years$55,098$53,002$50,998$49,082$47,250$42,534
5 years$43,638$41,554$39,576$37,700$35,919$31,401
6 years$36,000$33,932$31,984$30,149$28,421$24,107
7 years$30,547$28,496$26,579$24,787$23,114$19,004
8 years$26,458$24,426$22,541$20,793$19,175$15,268
9 years$23,280$21,268$19,414$17,711$16,149$12,441
10 years$20,740$18,746$16,926$15,267$13,759$10,247
11 years$18,662$16,689$14,901$13,287$11,834$8,512
12 years$16,932$14,979$13,224$11,655$10,255$7,119
13 years$15,469$13,537$11,815$10,289$8,942$5,986
14 years$14,216$12,304$10,616$9,134$7,839$5,056
15 years$13,132$11,240$9,585$8,146$6,902$4,286
16 years$12,184$10,313$8,690$7,293$6,100$3,645
17 years$11,348$9,498$7,908$6,553$5,409$3,107
18 years$10,606$8,776$7,219$5,906$4,809$2,655
19 years$9,943$8,134$6,608$5,336$4,286$2,272
20 years$9,346$7,558$6,065$4,833$3,829$1,948
21 years$8,808$7,040$5,578$4,386$3,426$1,672
22 years$8,319$6,572$5,141$3,988$3,071$1,436
23 years$7,873$6,146$4,747$3,632$2,757$1,235
24 years$7,465$5,759$4,390$3,313$2,478$1,063
25 years$7,090$5,404$4,066$3,025$2,230$916
26 years$6,744$5,079$3,771$2,766$2,008$789
27 years$6,425$4,780$3,502$2,532$1,811$681
28 years$6,129$4,504$3,256$2,320$1,634$587
29 years$5,854$4,249$3,030$2,127$1,475$507
30 years$5,598$4,013$2,822$1,952$1,333$437
31 years$5,359$3,794$2,631$1,793$1,205$378
32 years$5,135$3,590$2,455$1,648$1,090$326
33 years$4,925$3,399$2,292$1,515$987$282
34 years$4,728$3,222$2,141$1,394$893$244
35 years$4,542$3,056$2,002$1,284$809$210
36 years$4,368$2,900$1,873$1,182$733$182
37 years$4,203$2,755$1,753$1,089$664$157
38 years$4,047$2,618$1,642$1,004$602$136
39 years$3,899$2,489$1,538$926$546$118
40 years$3,760$2,369$1,442$854$495$102
41 years$3,627$2,255$1,352$788$449$88
42 years$3,501$2,147$1,268$727$408$76
43 years$3,381$2,046$1,190$671$370$66
44 years$3,267$1,950$1,117$620$336$57
45 years$3,159$1,860$1,049$572$305$49
46 years$3,055$1,774$985$529$277$43
47 years$2,956$1,693$925$488$251$37
48 years$2,862$1,616$870$451$228$32
49 years$2,771$1,543$817$417$207$28
50 years$2,685$1,474$768$385$188$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,750,000, adding $4,481 every year, while hoping to spend $47,090 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: 38/35/27 Blend
58$2,750,000$2,750,000$2,750,000$2,750,000
59$3,035,122$2,889,372$2,846,747$3,125,891
60$3,294,601$2,980,848$2,892,010$3,284,321
61$3,578,969$3,075,228$2,937,210$3,450,770
62$3,890,714$3,172,604$2,982,297$3,629,755
63$4,232,578$3,273,073$3,027,215$3,822,444
64$4,607,580$3,376,733$3,071,906$4,030,122
65$5,019,045$3,483,685$3,116,307$4,254,201
66$5,470,637$3,594,035$3,160,353$4,496,235
67$5,966,391$3,707,891$3,203,973$4,757,934
68$6,510,750$3,825,365$3,247,093$5,041,180
69$7,108,611$3,946,572$3,289,635$5,348,044
70$7,765,367$4,071,632$3,331,516$5,680,806
71$8,486,961$4,200,668$3,372,648$6,041,973
72$9,279,937$4,333,807$3,412,938$6,434,309
73$10,151,507$4,471,180$3,452,288$6,860,853
74$11,109,614$4,612,922$3,490,594$7,324,953
75$12,163,013$4,759,173$3,527,746$7,830,296
76$13,321,345$4,910,077$3,563,631$8,380,940
77$14,595,235$5,065,783$3,598,125$8,981,355
78$15,996,387$5,226,445$3,631,100$9,636,464
79$17,537,699$5,392,221$3,662,423$10,351,688
80$19,233,379$5,563,275$3,691,949$11,132,998
81$21,099,085$5,739,776$3,719,530$11,986,970
82$23,152,065$5,921,899$3,745,007$12,920,848
83$25,411,326$6,109,823$3,768,216$13,942,612
84$27,897,811$6,303,734$3,788,981$15,061,051
85$30,634,596$6,503,825$3,807,120$16,285,847
86$33,647,105$6,710,293$3,822,439$17,627,668
87$36,963,356$6,923,343$3,834,737$19,098,263
88$40,614,218$7,143,187$3,843,800$20,710,580
89$44,633,707$7,370,042$3,849,406$22,478,879
90$49,059,304$7,604,133$3,851,320$24,418,875
91$53,932,310$7,845,692$3,849,296$26,547,879
92$59,298,235$8,094,960$3,843,077$28,884,965
93$65,207,226$8,352,185$3,832,392$31,451,149
94$71,714,543$8,617,621$3,816,956$34,269,586
95$78,881,075$8,891,534$3,796,473$37,365,789
96$86,773,921$9,174,195$3,770,631$40,767,868
97$95,467,017$9,465,886$3,739,103$44,506,799
98$105,041,836$9,766,898$3,701,546$48,616,710
99$115,588,158$10,077,531$3,657,603$53,135,207
100$127,204,915$10,398,095$3,606,898$58,103,730