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%19.5%
1 years$227,092$225,070$223,096$221,170$219,289$210,922
2 years$112,422$110,328$108,299$106,332$104,423$96,092
3 years$74,204$72,101$70,077$68,128$66,250$58,217
4 years$55,098$53,002$50,998$49,082$47,250$39,576
5 years$43,638$41,554$39,576$37,700$35,919$28,624
6 years$36,000$33,932$31,984$30,149$28,421$21,510
7 years$30,547$28,496$26,579$24,787$23,114$16,585
8 years$26,458$24,426$22,541$20,793$19,175$13,022
9 years$23,280$21,268$19,414$17,711$16,149$10,361
10 years$20,740$18,746$16,926$15,267$13,759$8,328
11 years$18,662$16,689$14,901$13,287$11,834$6,746
12 years$16,932$14,979$13,224$11,655$10,255$5,498
13 years$15,469$13,537$11,815$10,289$8,942$4,503
14 years$14,216$12,304$10,616$9,134$7,839$3,702
15 years$13,132$11,240$9,585$8,146$6,902$3,053
16 years$12,184$10,313$8,690$7,293$6,100$2,524
17 years$11,348$9,498$7,908$6,553$5,409$2,091
18 years$10,606$8,776$7,219$5,906$4,809$1,736
19 years$9,943$8,134$6,608$5,336$4,286$1,443
20 years$9,346$7,558$6,065$4,833$3,829$1,200
21 years$8,808$7,040$5,578$4,386$3,426$1,000
22 years$8,319$6,572$5,141$3,988$3,071$833
23 years$7,873$6,146$4,747$3,632$2,757$695
24 years$7,465$5,759$4,390$3,313$2,478$580
25 years$7,090$5,404$4,066$3,025$2,230$484
26 years$6,744$5,079$3,771$2,766$2,008$404
27 years$6,425$4,780$3,502$2,532$1,811$338
28 years$6,129$4,504$3,256$2,320$1,634$282
29 years$5,854$4,249$3,030$2,127$1,475$236
30 years$5,598$4,013$2,822$1,952$1,333$197
31 years$5,359$3,794$2,631$1,793$1,205$165
32 years$5,135$3,590$2,455$1,648$1,090$138
33 years$4,925$3,399$2,292$1,515$987$115
34 years$4,728$3,222$2,141$1,394$893$97
35 years$4,542$3,056$2,002$1,284$809$81
36 years$4,368$2,900$1,873$1,182$733$68
37 years$4,203$2,755$1,753$1,089$664$57
38 years$4,047$2,618$1,642$1,004$602$47
39 years$3,899$2,489$1,538$926$546$40
40 years$3,760$2,369$1,442$854$495$33
41 years$3,627$2,255$1,352$788$449$28
42 years$3,501$2,147$1,268$727$408$23
43 years$3,381$2,046$1,190$671$370$19
44 years$3,267$1,950$1,117$620$336$16
45 years$3,159$1,860$1,049$572$305$14
46 years$3,055$1,774$985$529$277$11
47 years$2,956$1,693$925$488$251$10
48 years$2,862$1,616$870$451$228$8
49 years$2,771$1,543$817$417$207$7
50 years$2,685$1,474$768$385$188$6

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 $6,519 every year, while hoping to spend $28,874 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: 57/19/24 Blend
58$2,750,000$2,750,000$2,750,000$2,750,000
59$3,037,224$2,891,474$2,848,849$3,190,223
60$3,316,300$3,002,435$2,913,564$3,406,515
61$3,622,873$3,117,865$2,979,479$3,638,515
62$3,959,718$3,237,952$3,046,604$3,890,761
63$4,329,892$3,362,895$3,114,948$4,165,214
64$4,736,761$3,492,897$3,184,519$4,464,032
65$5,184,036$3,628,174$3,255,326$4,789,591
66$5,675,803$3,768,950$3,327,374$5,144,503
67$6,216,564$3,915,458$3,400,670$5,531,646
68$6,811,280$4,067,942$3,475,220$5,954,185
69$7,465,418$4,226,658$3,551,026$6,415,605
70$8,184,998$4,391,871$3,628,093$6,919,743
71$8,976,655$4,563,861$3,706,422$7,470,822
72$9,847,701$4,742,916$3,786,013$8,073,493
73$10,806,188$4,929,342$3,866,867$8,732,875
74$11,860,994$5,123,454$3,948,982$9,454,606
75$13,021,896$5,325,583$4,032,353$10,244,893
76$14,299,668$5,536,076$4,116,976$11,110,573
77$15,706,184$5,755,294$4,202,845$12,059,173
78$17,254,525$5,983,613$4,289,950$13,098,984
79$18,959,106$6,221,429$4,378,282$14,239,136
80$20,835,809$6,469,154$4,467,829$15,489,685
81$22,902,137$6,727,218$4,558,577$16,861,707
82$25,177,373$6,996,070$4,650,508$18,367,402
83$27,682,770$7,276,182$4,743,604$20,020,207
84$30,441,742$7,568,044$4,837,844$21,834,923
85$33,480,092$7,872,171$4,933,204$23,827,855
86$36,826,252$8,189,098$5,029,658$26,016,962
87$40,511,553$8,519,387$5,127,175$28,422,029
88$44,570,519$8,863,625$5,225,723$31,064,850
89$49,041,194$9,222,424$5,325,266$33,969,437
90$53,965,498$9,596,426$5,425,765$37,162,239
91$59,389,628$9,986,299$5,527,177$40,672,397
92$65,364,488$10,392,746$5,629,455$44,532,015
93$71,946,173$10,816,498$5,732,549$48,776,461
94$79,196,497$11,258,320$5,836,404$53,444,702
95$87,183,576$11,719,014$5,940,959$58,579,670
96$95,982,471$12,199,416$6,046,152$64,228,666
97$105,675,898$12,700,403$6,151,914$70,443,803
98$116,355,007$13,222,889$6,258,169$77,282,501
99$128,120,239$13,767,833$6,364,840$84,808,022
100$141,082,281$14,336,234$6,471,840$93,090,073