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%19.4%
1 years$227,918$225,888$223,907$221,974$220,086$211,772
2 years$112,831$110,729$108,693$106,718$104,803$96,523
3 years$74,473$72,363$70,331$68,375$66,491$58,507
4 years$55,298$53,194$51,183$49,261$47,422$39,793
5 years$43,796$41,705$39,720$37,837$36,050$28,796
6 years$36,131$34,055$32,100$30,258$28,525$21,651
7 years$30,658$28,600$26,675$24,877$23,198$16,703
8 years$26,555$24,515$22,623$20,869$19,245$13,122
9 years$23,365$21,345$19,485$17,776$16,207$10,448
10 years$20,815$18,814$16,987$15,323$13,809$8,403
11 years$18,730$16,749$14,955$13,335$11,877$6,812
12 years$16,993$15,033$13,273$11,697$10,292$5,555
13 years$15,525$13,586$11,858$10,327$8,975$4,553
14 years$14,268$12,349$10,655$9,167$7,867$3,745
15 years$13,179$11,281$9,620$8,175$6,927$3,091
16 years$12,228$10,350$8,722$7,320$6,122$2,558
17 years$11,389$9,532$7,936$6,577$5,428$2,121
18 years$10,644$8,808$7,245$5,927$4,827$1,761
19 years$9,979$8,163$6,632$5,356$4,302$1,465
20 years$9,380$7,586$6,087$4,851$3,843$1,220
21 years$8,840$7,066$5,599$4,402$3,439$1,017
22 years$8,349$6,596$5,160$4,003$3,082$848
23 years$7,901$6,169$4,764$3,645$2,767$708
24 years$7,492$5,780$4,406$3,325$2,487$591
25 years$7,116$5,424$4,081$3,036$2,238$494
26 years$6,769$5,098$3,785$2,776$2,016$413
27 years$6,449$4,798$3,515$2,541$1,817$345
28 years$6,151$4,521$3,267$2,328$1,640$289
29 years$5,875$4,265$3,041$2,135$1,481$242
30 years$5,618$4,028$2,832$1,959$1,338$202
31 years$5,378$3,807$2,640$1,800$1,210$169
32 years$5,153$3,603$2,464$1,654$1,094$142
33 years$4,943$3,412$2,300$1,521$990$119
34 years$4,745$3,234$2,149$1,399$897$99
35 years$4,559$3,067$2,009$1,288$812$83
36 years$4,384$2,911$1,880$1,186$736$70
37 years$4,218$2,765$1,759$1,093$667$58
38 years$4,062$2,628$1,648$1,008$605$49
39 years$3,914$2,499$1,544$929$548$41
40 years$3,773$2,377$1,447$857$497$34
41 years$3,640$2,263$1,357$791$451$29
42 years$3,514$2,155$1,273$730$409$24
43 years$3,394$2,053$1,194$673$372$20
44 years$3,279$1,957$1,121$622$337$17
45 years$3,170$1,866$1,052$574$306$14
46 years$3,066$1,780$989$530$278$12
47 years$2,967$1,699$929$490$252$10
48 years$2,872$1,622$873$453$229$8
49 years$2,782$1,549$820$419$208$7
50 years$2,695$1,480$771$387$189$6

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 $2,404 every year, while hoping to spend $58,859 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: 71/10/19 Blend
58$2,760,000$2,760,000$2,760,000$2,760,000
59$3,044,000$2,897,720$2,854,940$3,246,060
60$3,291,862$2,977,082$2,887,955$3,460,249
61$3,563,034$3,058,361$2,920,103$3,687,423
62$3,859,830$3,141,588$2,951,293$3,934,668
63$4,184,801$3,226,794$2,981,430$4,203,963
64$4,540,754$3,314,010$3,010,410$4,497,488
65$4,930,780$3,403,266$3,038,129$4,817,646
66$5,358,286$3,494,592$3,064,472$5,167,080
67$5,827,021$3,588,017$3,089,322$5,548,707
68$6,341,116$3,683,568$3,112,553$5,965,735
69$6,905,120$3,781,274$3,134,034$6,421,703
70$7,524,045$3,881,159$3,153,627$6,920,506
71$8,203,411$3,983,249$3,171,187$7,466,437
72$8,949,297$4,087,566$3,186,559$8,064,227
73$9,768,401$4,194,133$3,199,585$8,719,087
74$10,668,101$4,302,969$3,210,095$9,436,758
75$11,656,526$4,414,092$3,217,911$10,223,568
76$12,742,629$4,527,520$3,222,848$11,086,487
77$13,936,274$4,643,265$3,224,710$12,033,197
78$15,248,328$4,761,340$3,223,293$13,072,162
79$16,690,765$4,881,752$3,218,380$14,212,709
80$18,276,774$5,004,509$3,209,747$15,465,113
81$20,020,887$5,129,613$3,197,156$16,840,701
82$21,939,117$5,257,063$3,180,360$18,351,950
83$24,049,103$5,386,855$3,159,098$20,012,612
84$26,370,282$5,518,982$3,133,099$21,837,840
85$28,924,068$5,653,430$3,102,075$23,844,333
86$31,734,058$5,790,182$3,065,729$26,050,492
87$34,826,248$5,929,217$3,023,747$28,476,593
88$38,229,283$6,070,507$2,975,801$31,144,984
89$41,974,727$6,214,019$2,921,547$34,080,289
90$46,097,358$6,359,714$2,860,627$37,309,644
91$50,635,494$6,507,546$2,792,665$40,862,954
92$55,631,361$6,657,463$2,717,265$44,773,172
93$61,131,485$6,809,403$2,634,018$49,076,616
94$67,187,131$6,963,299$2,542,493$53,813,306
95$73,854,791$7,119,073$2,442,239$59,027,344
96$81,196,711$7,276,639$2,332,785$64,767,334
97$89,281,482$7,435,901$2,213,640$71,086,835
98$98,184,685$7,596,751$2,084,289$78,044,872
99$107,989,604$7,759,073$1,944,193$85,706,491
100$118,788,012$7,922,737$1,792,793$94,143,374