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%18.3%
1 years$227,918$225,888$223,907$221,974$220,086$212,701
2 years$112,831$110,729$108,693$106,718$104,803$97,435
3 years$74,473$72,363$70,331$68,375$66,491$59,372
4 years$55,298$53,194$51,183$49,261$47,422$40,607
5 years$43,796$41,705$39,720$37,837$36,050$29,556
6 years$36,131$34,055$32,100$30,258$28,525$22,357
7 years$30,658$28,600$26,675$24,877$23,198$17,357
8 years$26,555$24,515$22,623$20,869$19,245$13,725
9 years$23,365$21,345$19,485$17,776$16,207$11,002
10 years$20,815$18,814$16,987$15,323$13,809$8,910
11 years$18,730$16,749$14,955$13,335$11,877$7,274
12 years$16,993$15,033$13,273$11,697$10,292$5,976
13 years$15,525$13,586$11,858$10,327$8,975$4,935
14 years$14,268$12,349$10,655$9,167$7,867$4,091
15 years$13,179$11,281$9,620$8,175$6,927$3,403
16 years$12,228$10,350$8,722$7,320$6,122$2,838
17 years$11,389$9,532$7,936$6,577$5,428$2,372
18 years$10,644$8,808$7,245$5,927$4,827$1,987
19 years$9,979$8,163$6,632$5,356$4,302$1,666
20 years$9,380$7,586$6,087$4,851$3,843$1,399
21 years$8,840$7,066$5,599$4,402$3,439$1,176
22 years$8,349$6,596$5,160$4,003$3,082$990
23 years$7,901$6,169$4,764$3,645$2,767$833
24 years$7,492$5,780$4,406$3,325$2,487$702
25 years$7,116$5,424$4,081$3,036$2,238$592
26 years$6,769$5,098$3,785$2,776$2,016$499
27 years$6,449$4,798$3,515$2,541$1,817$421
28 years$6,151$4,521$3,267$2,328$1,640$355
29 years$5,875$4,265$3,041$2,135$1,481$300
30 years$5,618$4,028$2,832$1,959$1,338$253
31 years$5,378$3,807$2,640$1,800$1,210$214
32 years$5,153$3,603$2,464$1,654$1,094$181
33 years$4,943$3,412$2,300$1,521$990$153
34 years$4,745$3,234$2,149$1,399$897$129
35 years$4,559$3,067$2,009$1,288$812$109
36 years$4,384$2,911$1,880$1,186$736$92
37 years$4,218$2,765$1,759$1,093$667$78
38 years$4,062$2,628$1,648$1,008$605$66
39 years$3,914$2,499$1,544$929$548$56
40 years$3,773$2,377$1,447$857$497$47
41 years$3,640$2,263$1,357$791$451$40
42 years$3,514$2,155$1,273$730$409$34
43 years$3,394$2,053$1,194$673$372$28
44 years$3,279$1,957$1,121$622$337$24
45 years$3,170$1,866$1,052$574$306$20
46 years$3,066$1,780$989$530$278$17
47 years$2,967$1,699$929$490$252$14
48 years$2,872$1,622$873$453$229$12
49 years$2,782$1,549$820$419$208$10
50 years$2,695$1,480$771$387$189$9

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 $5,139 every year, while hoping to spend $22,301 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: 69/6/25 Blend
58$2,760,000$2,760,000$2,760,000$2,760,000
59$3,046,821$2,900,541$2,857,761$3,237,243
60$3,333,869$3,018,939$2,929,768$3,483,936
61$3,649,448$3,142,392$3,003,439$3,750,762
62$3,996,445$3,271,122$3,078,808$4,042,251
63$4,378,040$3,405,366$3,155,906$4,360,843
64$4,797,738$3,545,367$3,234,767$4,709,227
65$5,259,399$3,691,381$3,315,424$5,090,364
66$5,767,277$3,843,678$3,397,909$5,507,513
67$6,326,058$4,002,537$3,482,258$5,964,265
68$6,940,906$4,168,251$3,568,504$6,464,572
69$7,617,510$4,341,127$3,656,681$7,012,791
70$8,362,140$4,521,487$3,746,823$7,613,716
71$9,181,704$4,709,664$3,838,967$8,272,630
72$10,083,811$4,906,011$3,933,146$8,995,351
73$11,076,848$5,110,895$4,029,395$9,788,290
74$12,170,057$5,324,699$4,127,750$10,658,505
75$13,373,620$5,547,826$4,228,246$11,613,773
76$14,698,755$5,780,696$4,330,919$12,662,662
77$16,157,827$6,023,749$4,435,803$13,814,608
78$17,764,458$6,277,445$4,542,935$15,080,009
79$19,533,659$6,542,266$4,652,350$16,470,319
80$21,481,971$6,818,715$4,764,082$17,998,155
81$23,627,621$7,107,321$4,878,168$19,677,420
82$25,990,694$7,408,636$4,994,642$21,523,429
83$28,593,321$7,723,235$5,113,539$23,553,056
84$31,459,891$8,051,725$5,234,894$25,784,894
85$34,617,278$8,394,738$5,358,741$28,239,424
86$38,095,095$8,752,935$5,485,113$30,939,216
87$41,925,975$9,127,009$5,614,046$33,909,135
88$46,145,879$9,517,687$5,745,570$37,176,578
89$50,794,432$9,925,726$5,879,720$40,771,733
90$55,915,299$10,351,923$6,016,526$44,727,860
91$61,556,600$10,797,107$6,156,020$49,081,609
92$67,771,359$11,262,151$6,298,232$53,873,361
93$74,618,006$11,747,965$6,443,192$59,147,611
94$82,160,932$12,255,505$6,590,928$64,953,386
95$90,471,091$12,785,768$6,741,468$71,344,711
96$99,626,673$13,339,801$6,894,837$78,381,110
97$109,713,841$13,918,699$7,051,062$86,128,178
98$120,827,546$14,523,608$7,210,166$94,658,191
99$133,072,420$15,155,729$7,372,170$104,050,790
100$146,563,765$15,816,319$7,537,097$114,393,735