Can I retire at age 59 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$228,744$226,706$224,719$222,778$220,884$218,214
2 years$113,240$111,131$109,087$107,105$105,183$102,496
3 years$74,743$72,625$70,586$68,623$66,732$64,112
4 years$55,499$53,387$51,369$49,439$47,594$45,060
5 years$43,955$41,856$39,864$37,974$36,180$33,741
6 years$36,262$34,179$32,216$30,368$28,628$26,285
7 years$30,769$28,703$26,772$24,967$23,282$21,037
8 years$26,651$24,604$22,705$20,944$19,315$17,168
9 years$23,450$21,422$19,556$17,840$16,266$14,216
10 years$20,890$18,883$17,049$15,378$13,859$11,904
11 years$18,798$16,810$15,010$13,384$11,920$10,058
12 years$17,055$15,088$13,321$11,739$10,329$8,559
13 years$15,582$13,635$11,901$10,364$9,007$7,327
14 years$14,320$12,394$10,693$9,200$7,896$6,302
15 years$13,227$11,322$9,655$8,205$6,952$5,443
16 years$12,272$10,388$8,753$7,347$6,144$4,717
17 years$11,430$9,567$7,965$6,601$5,448$4,099
18 years$10,683$8,840$7,271$5,949$4,844$3,572
19 years$10,015$8,193$6,656$5,375$4,318$3,118
20 years$9,414$7,613$6,109$4,868$3,857$2,727
21 years$8,872$7,091$5,619$4,418$3,451$2,389
22 years$8,379$6,620$5,179$4,017$3,093$2,096
23 years$7,930$6,191$4,782$3,659$2,777$1,841
24 years$7,519$5,801$4,422$3,337$2,496$1,618
25 years$7,141$5,444$4,096$3,047$2,246$1,424
26 years$6,794$5,116$3,799$2,786$2,023$1,254
27 years$6,472$4,815$3,527$2,550$1,824$1,105
28 years$6,174$4,537$3,279$2,337$1,646$975
29 years$5,897$4,280$3,052$2,143$1,486$860
30 years$5,639$4,042$2,842$1,967$1,343$759
31 years$5,398$3,821$2,650$1,806$1,214$670
32 years$5,172$3,616$2,472$1,660$1,098$592
33 years$4,961$3,424$2,309$1,526$994$523
34 years$4,762$3,245$2,157$1,404$900$462
35 years$4,575$3,078$2,017$1,293$815$409
36 years$4,399$2,922$1,886$1,191$738$361
37 years$4,233$2,775$1,766$1,097$669$320
38 years$4,076$2,637$1,654$1,011$607$283
39 years$3,928$2,508$1,549$932$550$250
40 years$3,787$2,386$1,452$860$499$221
41 years$3,653$2,271$1,362$793$453$196
42 years$3,527$2,163$1,277$732$411$173
43 years$3,406$2,061$1,198$676$373$153
44 years$3,291$1,964$1,125$624$338$136
45 years$3,182$1,873$1,056$576$307$120
46 years$3,077$1,787$992$532$279$106
47 years$2,978$1,705$932$492$253$94
48 years$2,883$1,628$876$455$230$83
49 years$2,792$1,555$823$420$209$74
50 years$2,704$1,485$774$388$190$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,770,000, adding $5,752 every year, while hoping to spend $33,121 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: 48/27/25 Blend
58$2,770,000$2,770,000$2,770,000$2,770,000
59$3,058,473$2,911,663$2,868,728$3,183,269
60$3,335,197$3,019,094$2,929,590$3,378,703
61$3,639,036$3,130,679$2,991,381$3,587,070
62$3,972,723$3,246,587$3,054,096$3,812,690
63$4,339,264$3,366,993$3,117,732$4,057,204
64$4,741,973$3,492,081$3,182,281$4,322,413
65$5,184,503$3,622,041$3,247,736$4,610,303
66$5,670,874$3,757,073$3,314,087$4,923,054
67$6,205,518$3,897,384$3,381,324$5,263,066
68$6,793,317$4,043,192$3,449,434$5,632,981
69$7,439,648$4,194,721$3,518,403$6,035,702
70$8,150,438$4,352,208$3,588,215$6,474,427
71$8,932,214$4,515,898$3,658,851$6,952,675
72$9,792,170$4,686,047$3,730,293$7,474,318
73$10,738,232$4,862,923$3,802,518$8,043,618
74$11,779,130$5,046,805$3,875,501$8,665,266
75$12,924,486$5,237,983$3,949,215$9,344,428
76$14,184,900$5,436,762$4,023,631$10,086,789
77$15,572,054$5,643,457$4,098,716$10,898,609
78$17,098,817$5,858,399$4,174,436$11,786,781
79$18,779,369$6,081,934$4,250,753$12,758,893
80$20,629,337$6,314,421$4,327,625$13,823,302
81$22,665,937$6,556,235$4,405,009$14,989,211
82$24,908,142$6,807,770$4,482,855$16,266,753
83$27,376,855$7,069,433$4,561,114$17,667,089
84$30,095,111$7,341,652$4,639,728$19,202,511
85$33,088,293$7,624,874$4,718,639$20,886,554
86$36,384,369$7,919,563$4,797,784$22,734,131
87$40,014,158$8,226,205$4,877,093$24,761,661
88$44,011,621$8,545,308$4,956,495$26,987,235
89$48,414,180$8,877,402$5,035,911$29,430,778
90$53,263,072$9,223,040$5,115,259$32,114,236
91$58,603,735$9,582,799$5,194,451$35,061,788
92$64,486,243$9,957,283$5,273,392$38,300,066
93$70,965,772$10,347,122$5,351,983$41,858,409
94$78,103,124$10,752,974$5,430,117$45,769,138
95$85,965,300$11,175,526$5,507,683$50,067,860
96$94,626,130$11,615,497$5,584,560$54,793,800
97$104,166,975$12,073,636$5,660,622$59,990,176
98$114,677,488$12,550,726$5,735,735$65,704,598
99$126,256,467$13,047,587$5,809,757$71,989,520
100$139,012,781$13,565,072$5,882,538$78,902,735