Can I retire at age 59 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$229,570$227,525$225,530$223,583$221,681$217,919
2 years$113,648$111,532$109,481$107,492$105,562$101,784
3 years$75,013$72,887$70,841$68,871$66,973$63,296
4 years$55,699$53,580$51,554$49,618$47,766$44,218
5 years$44,114$42,007$40,008$38,111$36,311$32,902
6 years$36,393$34,302$32,333$30,478$28,732$25,466
7 years$30,880$28,807$26,869$25,057$23,366$20,246
8 years$26,747$24,693$22,787$21,020$19,385$16,408
9 years$23,534$21,500$19,626$17,904$16,325$13,490
10 years$20,966$18,951$17,110$15,434$13,909$11,215
11 years$18,866$16,871$15,064$13,432$11,963$9,405
12 years$17,117$15,142$13,369$11,782$10,367$7,942
13 years$15,638$13,684$11,944$10,401$9,040$6,745
14 years$14,372$12,439$10,732$9,233$7,924$5,755
15 years$13,275$11,363$9,689$8,234$6,977$4,930
16 years$12,316$10,425$8,785$7,373$6,166$4,237
17 years$11,472$9,601$7,994$6,625$5,468$3,651
18 years$10,721$8,872$7,297$5,970$4,862$3,154
19 years$10,051$8,222$6,680$5,395$4,333$2,729
20 years$9,448$7,641$6,131$4,886$3,870$2,366
21 years$8,904$7,117$5,639$4,434$3,464$2,054
22 years$8,409$6,643$5,197$4,032$3,105$1,786
23 years$7,959$6,213$4,799$3,672$2,787$1,554
24 years$7,546$5,822$4,438$3,349$2,505$1,353
25 years$7,167$5,463$4,111$3,058$2,254$1,180
26 years$6,818$5,135$3,812$2,796$2,030$1,029
27 years$6,495$4,832$3,540$2,560$1,831$898
28 years$6,196$4,553$3,291$2,345$1,652$784
29 years$5,918$4,296$3,063$2,151$1,491$685
30 years$5,659$4,057$2,853$1,974$1,348$599
31 years$5,417$3,835$2,659$1,813$1,218$524
32 years$5,191$3,629$2,481$1,666$1,102$458
33 years$4,979$3,436$2,317$1,532$997$401
34 years$4,779$3,257$2,165$1,409$903$351
35 years$4,592$3,089$2,024$1,298$818$307
36 years$4,415$2,932$1,893$1,195$741$269
37 years$4,249$2,785$1,772$1,101$672$235
38 years$4,091$2,647$1,659$1,015$609$206
39 years$3,942$2,517$1,555$936$552$180
40 years$3,801$2,394$1,457$863$501$158
41 years$3,667$2,279$1,366$796$454$138
42 years$3,539$2,171$1,282$735$412$121
43 years$3,418$2,068$1,203$678$374$106
44 years$3,303$1,971$1,129$626$340$93
45 years$3,193$1,880$1,060$578$308$81
46 years$3,088$1,793$996$534$280$71
47 years$2,989$1,711$935$494$254$63
48 years$2,893$1,634$879$456$231$55
49 years$2,802$1,560$826$422$210$48
50 years$2,714$1,490$777$390$190$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,780,000, adding $3,609 every year, while hoping to spend $30,958 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: 31/40/29 Blend
58$2,780,000$2,780,000$2,780,000$2,780,000
59$3,067,283$2,919,943$2,876,853$3,135,062
60$3,347,206$3,030,081$2,940,288$3,298,150
61$3,654,645$3,144,578$3,004,811$3,470,622
62$3,992,372$3,263,616$3,070,425$3,655,675
63$4,363,443$3,387,382$3,137,134$3,854,434
64$4,771,224$3,516,074$3,204,938$4,068,130
65$5,219,425$3,649,897$3,273,839$4,298,119
66$5,712,130$3,789,066$3,343,837$4,545,886
67$6,253,842$3,933,805$3,414,930$4,813,061
68$6,849,519$4,084,346$3,487,115$5,101,437
69$7,504,625$4,240,935$3,560,389$5,412,982
70$8,225,181$4,403,824$3,634,746$5,749,856
71$9,017,818$4,573,281$3,710,179$6,114,435
72$9,889,845$4,749,581$3,786,679$6,509,329
73$10,849,313$4,933,014$3,864,237$6,937,409
74$11,905,094$5,123,883$3,942,840$7,401,826
75$13,066,963$5,322,503$4,022,474$7,906,050
76$14,345,691$5,529,203$4,103,125$8,453,893
77$15,753,144$5,744,327$4,184,772$9,049,548
78$17,302,400$5,968,234$4,267,397$9,697,628
79$19,007,867$6,201,299$4,350,977$10,403,204
80$20,885,421$6,443,914$4,435,486$11,171,858
81$22,952,556$6,696,488$4,520,897$12,009,729
82$25,228,548$6,959,448$4,607,179$12,923,573
83$27,734,640$7,233,240$4,694,299$13,920,823
84$30,494,235$7,518,331$4,782,220$15,009,660
85$33,533,124$7,815,207$4,870,901$16,199,087
86$36,879,727$8,124,376$4,960,301$17,499,013
87$40,565,360$8,446,371$5,050,372$18,920,345
88$44,624,531$8,781,747$5,141,063$20,475,090
89$49,095,264$9,131,084$5,232,320$22,176,465
90$54,019,461$9,494,987$5,324,083$24,039,022
91$59,443,295$9,874,091$5,416,289$26,078,780
92$65,417,647$10,269,058$5,508,871$28,313,379
93$71,998,584$10,680,578$5,601,754$30,762,242
94$79,247,889$11,109,375$5,694,862$33,446,755
95$87,233,644$11,556,206$5,788,111$36,390,468
96$96,030,875$12,021,858$5,881,411$39,619,317
97$105,722,254$12,507,159$5,974,668$43,161,861
98$116,398,884$13,012,971$6,067,781$47,049,557
99$128,161,160$13,540,196$6,160,641$51,317,046
100$141,119,710$14,089,777$6,253,133$56,002,483