Can I retire at age 59 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$227,918$225,888$223,907$221,974$220,086$214,940
2 years$112,831$110,729$108,693$106,718$104,803$99,648
3 years$74,473$72,363$70,331$68,375$66,491$61,488
4 years$55,298$53,194$51,183$49,261$47,422$42,609
5 years$43,796$41,705$39,720$37,837$36,050$31,440
6 years$36,131$34,055$32,100$30,258$28,525$24,124
7 years$30,658$28,600$26,675$24,877$23,198$19,007
8 years$26,555$24,515$22,623$20,869$19,245$15,261
9 years$23,365$21,345$19,485$17,776$16,207$12,428
10 years$20,815$18,814$16,987$15,323$13,809$10,230
11 years$18,730$16,749$14,955$13,335$11,877$8,493
12 years$16,993$15,033$13,273$11,697$10,292$7,098
13 years$15,525$13,586$11,858$10,327$8,975$5,964
14 years$14,268$12,349$10,655$9,167$7,867$5,034
15 years$13,179$11,281$9,620$8,175$6,927$4,265
16 years$12,228$10,350$8,722$7,320$6,122$3,624
17 years$11,389$9,532$7,936$6,577$5,428$3,087
18 years$10,644$8,808$7,245$5,927$4,827$2,636
19 years$9,979$8,163$6,632$5,356$4,302$2,254
20 years$9,380$7,586$6,087$4,851$3,843$1,931
21 years$8,840$7,066$5,599$4,402$3,439$1,656
22 years$8,349$6,596$5,160$4,003$3,082$1,422
23 years$7,901$6,169$4,764$3,645$2,767$1,222
24 years$7,492$5,780$4,406$3,325$2,487$1,051
25 years$7,116$5,424$4,081$3,036$2,238$904
26 years$6,769$5,098$3,785$2,776$2,016$779
27 years$6,449$4,798$3,515$2,541$1,817$671
28 years$6,151$4,521$3,267$2,328$1,640$578
29 years$5,875$4,265$3,041$2,135$1,481$499
30 years$5,618$4,028$2,832$1,959$1,338$430
31 years$5,378$3,807$2,640$1,800$1,210$371
32 years$5,153$3,603$2,464$1,654$1,094$320
33 years$4,943$3,412$2,300$1,521$990$277
34 years$4,745$3,234$2,149$1,399$897$239
35 years$4,559$3,067$2,009$1,288$812$206
36 years$4,384$2,911$1,880$1,186$736$178
37 years$4,218$2,765$1,759$1,093$667$154
38 years$4,062$2,628$1,648$1,008$605$133
39 years$3,914$2,499$1,544$929$548$115
40 years$3,773$2,377$1,447$857$497$99
41 years$3,640$2,263$1,357$791$451$86
42 years$3,514$2,155$1,273$730$409$74
43 years$3,394$2,053$1,194$673$372$64
44 years$3,279$1,957$1,121$622$337$55
45 years$3,170$1,866$1,052$574$306$48
46 years$3,066$1,780$989$530$278$41
47 years$2,967$1,699$929$490$252$36
48 years$2,872$1,622$873$453$229$31
49 years$2,782$1,549$820$419$208$27
50 years$2,695$1,480$771$387$189$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,760,000, adding $5,005 every year, while hoping to spend $57,414 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: 36/49/15 Blend
58$2,760,000$2,760,000$2,760,000$2,760,000
59$3,046,683$2,900,403$2,857,623$3,142,179
60$3,296,356$2,981,434$2,892,265$3,292,608
61$3,569,572$3,064,512$2,926,144$3,449,079
62$3,868,671$3,149,676$2,959,172$3,616,764
63$4,196,231$3,236,966$2,991,260$3,796,690
64$4,555,090$3,326,420$3,022,310$3,989,990
65$4,948,375$3,418,080$3,052,223$4,197,908
66$5,379,527$3,511,984$3,080,890$4,421,814
67$5,852,339$3,608,171$3,108,200$4,663,216
68$6,370,987$3,706,681$3,134,034$4,923,771
69$6,940,070$3,807,552$3,158,268$5,205,305
70$7,564,657$3,910,821$3,180,769$5,509,828
71$8,250,327$4,016,527$3,201,400$5,839,552
72$9,003,229$4,124,705$3,220,016$6,196,912
73$9,830,135$4,235,392$3,236,463$6,584,590
74$10,738,506$4,348,624$3,250,581$7,005,539
75$11,736,560$4,464,433$3,262,202$7,463,010
76$12,833,352$4,582,852$3,271,149$7,960,587
77$14,038,855$4,703,914$3,277,234$8,502,212
78$15,364,060$4,827,647$3,280,263$9,092,231
79$16,821,073$4,954,080$3,280,030$9,735,430
80$18,423,232$5,083,240$3,276,321$10,437,082
81$20,185,233$5,215,150$3,268,909$11,202,992
82$22,123,268$5,349,834$3,257,558$12,039,561
83$24,255,175$5,487,309$3,242,021$12,953,837
84$26,600,610$5,627,594$3,222,035$13,953,585
85$29,181,228$5,770,703$3,197,329$15,047,364
86$32,020,891$5,916,645$3,167,618$16,244,599
87$35,145,890$6,065,429$3,132,601$17,555,680
88$38,585,194$6,217,057$3,091,965$18,992,052
89$42,370,720$6,371,529$3,045,383$20,566,326
90$46,537,640$6,528,841$2,992,510$22,292,401
91$51,124,706$6,688,981$2,932,986$24,185,589
92$56,174,621$6,851,936$2,866,436$26,262,765
93$61,734,435$7,017,684$2,792,464$28,542,525
94$67,855,996$7,186,199$2,710,660$31,045,359
95$74,596,432$7,357,447$2,620,592$33,793,849
96$82,018,696$7,531,389$2,521,809$36,812,878
97$90,192,152$7,707,977$2,413,839$40,129,868
98$99,193,240$7,887,156$2,296,191$43,775,039
99$109,106,185$8,068,861$2,168,348$47,781,694
100$120,023,801$8,253,020$2,029,772$52,186,531