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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$227,092$225,070$223,096$221,170$219,289$212,269
2 years$112,422$110,328$108,299$106,332$104,423$97,416
3 years$74,204$72,101$70,077$68,128$66,250$59,475
4 years$55,098$53,002$50,998$49,082$47,250$40,759
5 years$43,638$41,554$39,576$37,700$35,919$29,729
6 years$36,000$33,932$31,984$30,149$28,421$22,538
7 years$30,547$28,496$26,579$24,787$23,114$17,537
8 years$26,458$24,426$22,541$20,793$19,175$13,900
9 years$23,280$21,268$19,414$17,711$16,149$11,170
10 years$20,740$18,746$16,926$15,267$13,759$9,069
11 years$18,662$16,689$14,901$13,287$11,834$7,423
12 years$16,932$14,979$13,224$11,655$10,255$6,115
13 years$15,469$13,537$11,815$10,289$8,942$5,063
14 years$14,216$12,304$10,616$9,134$7,839$4,209
15 years$13,132$11,240$9,585$8,146$6,902$3,511
16 years$12,184$10,313$8,690$7,293$6,100$2,937
17 years$11,348$9,498$7,908$6,553$5,409$2,462
18 years$10,606$8,776$7,219$5,906$4,809$2,068
19 years$9,943$8,134$6,608$5,336$4,286$1,739
20 years$9,346$7,558$6,065$4,833$3,829$1,465
21 years$8,808$7,040$5,578$4,386$3,426$1,236
22 years$8,319$6,572$5,141$3,988$3,071$1,043
23 years$7,873$6,146$4,747$3,632$2,757$881
24 years$7,465$5,759$4,390$3,313$2,478$744
25 years$7,090$5,404$4,066$3,025$2,230$630
26 years$6,744$5,079$3,771$2,766$2,008$533
27 years$6,425$4,780$3,502$2,532$1,811$451
28 years$6,129$4,504$3,256$2,320$1,634$382
29 years$5,854$4,249$3,030$2,127$1,475$323
30 years$5,598$4,013$2,822$1,952$1,333$274
31 years$5,359$3,794$2,631$1,793$1,205$232
32 years$5,135$3,590$2,455$1,648$1,090$197
33 years$4,925$3,399$2,292$1,515$987$167
34 years$4,728$3,222$2,141$1,394$893$141
35 years$4,542$3,056$2,002$1,284$809$120
36 years$4,368$2,900$1,873$1,182$733$101
37 years$4,203$2,755$1,753$1,089$664$86
38 years$4,047$2,618$1,642$1,004$602$73
39 years$3,899$2,489$1,538$926$546$62
40 years$3,760$2,369$1,442$854$495$52
41 years$3,627$2,255$1,352$788$449$44
42 years$3,501$2,147$1,268$727$408$38
43 years$3,381$2,046$1,190$671$370$32
44 years$3,267$1,950$1,117$620$336$27
45 years$3,159$1,860$1,049$572$305$23
46 years$3,055$1,774$985$529$277$20
47 years$2,956$1,693$925$488$251$17
48 years$2,862$1,616$870$451$228$14
49 years$2,771$1,543$817$417$207$12
50 years$2,685$1,474$768$385$188$10

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 $5,235 every year, while hoping to spend $48,559 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: 67/19/14 Blend
58$2,750,000$2,750,000$2,750,000$2,750,000
59$3,035,900$2,890,150$2,847,525$3,229,126
60$3,293,895$2,980,101$2,891,251$3,448,568
61$3,576,579$3,072,832$2,934,814$3,682,204
62$3,886,417$3,168,428$2,978,157$3,936,433
63$4,226,127$3,266,977$3,021,221$4,213,270
64$4,598,702$3,368,568$3,063,942$4,514,933
65$5,007,437$3,473,295$3,106,251$4,843,864
66$5,455,962$3,581,253$3,148,077$5,202,754
67$5,948,276$3,692,541$3,189,344$5,594,562
68$6,488,784$3,807,259$3,229,971$6,022,551
69$7,082,339$3,925,513$3,269,873$6,490,310
70$7,734,284$4,047,410$3,308,961$7,001,795
71$8,450,509$4,173,061$3,347,138$7,561,363
72$9,237,499$4,302,579$3,384,306$8,173,809
73$10,102,401$4,436,083$3,420,357$8,844,420
74$11,053,087$4,573,692$3,455,181$9,579,016
75$12,098,231$4,715,532$3,488,658$10,384,009
76$13,247,388$4,861,731$3,520,666$11,266,461
77$14,511,086$5,012,420$3,551,072$12,234,153
78$15,900,923$5,167,735$3,579,740$13,295,657
79$17,429,680$5,327,817$3,606,524$14,460,414
80$19,111,437$5,492,809$3,631,272$15,738,829
81$20,961,706$5,662,859$3,653,822$17,142,362
82$22,997,581$5,838,121$3,674,006$18,683,638
83$25,237,895$6,018,750$3,691,646$20,376,571
84$27,703,401$6,204,908$3,706,556$22,236,486
85$30,416,961$6,396,763$3,718,540$24,280,271
86$33,403,771$6,594,484$3,727,391$26,526,532
87$36,691,591$6,798,249$3,732,893$28,995,769
88$40,311,008$7,008,238$3,734,820$31,710,571
89$44,295,727$7,224,638$3,732,933$34,695,825
90$48,682,887$7,447,641$3,726,982$37,978,956
91$53,513,411$7,677,444$3,716,705$41,590,180
92$58,832,392$7,914,252$3,701,828$45,562,792
93$64,689,517$8,158,272$3,682,061$49,933,479
94$71,139,541$8,409,720$3,657,102$54,742,668
95$78,242,795$8,668,818$3,626,637$60,034,902
96$86,065,763$8,935,792$3,590,331$65,859,266
97$94,681,702$9,210,878$3,547,839$72,269,847
98$104,171,340$9,494,315$3,498,796$79,326,245
99$114,623,633$9,786,352$3,442,822$87,094,133
100$126,136,604$10,087,244$3,379,517$95,645,880