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%18.5%
1 years$229,570$227,525$225,530$223,583$221,681$214,071
2 years$113,648$111,532$109,481$107,492$105,562$97,973
3 years$75,013$72,887$70,841$68,871$66,973$59,643
4 years$55,699$53,580$51,554$49,618$47,766$40,750
5 years$44,114$42,007$40,008$38,111$36,311$29,629
6 years$36,393$34,302$32,333$30,478$28,732$22,388
7 years$30,880$28,807$26,869$25,057$23,366$17,361
8 years$26,747$24,693$22,787$21,020$19,385$13,712
9 years$23,534$21,500$19,626$17,904$16,325$10,978
10 years$20,966$18,951$17,110$15,434$13,909$8,880
11 years$18,866$16,871$15,064$13,432$11,963$7,240
12 years$17,117$15,142$13,369$11,782$10,367$5,940
13 years$15,638$13,684$11,944$10,401$9,040$4,898
14 years$14,372$12,439$10,732$9,233$7,924$4,055
15 years$13,275$11,363$9,689$8,234$6,977$3,368
16 years$12,316$10,425$8,785$7,373$6,166$2,805
17 years$11,472$9,601$7,994$6,625$5,468$2,341
18 years$10,721$8,872$7,297$5,970$4,862$1,958
19 years$10,051$8,222$6,680$5,395$4,333$1,639
20 years$9,448$7,641$6,131$4,886$3,870$1,375
21 years$8,904$7,117$5,639$4,434$3,464$1,154
22 years$8,409$6,643$5,197$4,032$3,105$969
23 years$7,959$6,213$4,799$3,672$2,787$815
24 years$7,546$5,822$4,438$3,349$2,505$685
25 years$7,167$5,463$4,111$3,058$2,254$577
26 years$6,818$5,135$3,812$2,796$2,030$486
27 years$6,495$4,832$3,540$2,560$1,831$409
28 years$6,196$4,553$3,291$2,345$1,652$345
29 years$5,918$4,296$3,063$2,151$1,491$290
30 years$5,659$4,057$2,853$1,974$1,348$245
31 years$5,417$3,835$2,659$1,813$1,218$206
32 years$5,191$3,629$2,481$1,666$1,102$174
33 years$4,979$3,436$2,317$1,532$997$147
34 years$4,779$3,257$2,165$1,409$903$124
35 years$4,592$3,089$2,024$1,298$818$104
36 years$4,415$2,932$1,893$1,195$741$88
37 years$4,249$2,785$1,772$1,101$672$74
38 years$4,091$2,647$1,659$1,015$609$63
39 years$3,942$2,517$1,555$936$552$53
40 years$3,801$2,394$1,457$863$501$45
41 years$3,667$2,279$1,366$796$454$38
42 years$3,539$2,171$1,282$735$412$32
43 years$3,418$2,068$1,203$678$374$27
44 years$3,303$1,971$1,129$626$340$23
45 years$3,193$1,880$1,060$578$308$19
46 years$3,088$1,793$996$534$280$16
47 years$2,989$1,711$935$494$254$14
48 years$2,893$1,634$879$456$231$11
49 years$2,802$1,560$826$422$210$10
50 years$2,714$1,490$777$390$190$8

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 $2,404 every year, while hoping to spend $34,140 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: 54/22/24 Blend
58$2,780,000$2,780,000$2,780,000$2,780,000
59$3,066,040$2,918,700$2,875,610$3,211,199
60$3,342,451$3,025,391$2,935,618$3,418,061
61$3,645,912$3,136,167$2,996,492$3,639,393
62$3,979,146$3,251,190$3,058,226$3,879,638
63$4,345,152$3,370,631$3,120,809$4,140,619
64$4,747,235$3,494,670$3,184,234$4,424,341
65$5,189,036$3,623,491$3,248,488$4,733,010
66$5,674,563$3,757,288$3,313,559$5,069,054
67$6,208,236$3,896,263$3,379,431$5,435,146
68$6,794,923$4,040,626$3,446,088$5,834,226
69$7,439,985$4,190,596$3,513,511$6,269,532
70$8,149,330$4,346,402$3,581,681$6,744,627
71$8,929,468$4,508,283$3,650,574$7,263,434
72$9,787,571$4,676,486$3,720,165$7,830,272
73$10,731,541$4,851,271$3,790,428$8,449,897
74$11,770,083$5,032,908$3,861,332$9,127,544
75$12,912,790$5,221,679$3,932,845$9,868,979
76$14,170,231$5,417,877$4,004,932$10,680,551
77$15,554,051$5,621,810$4,077,554$11,569,251
78$17,077,083$5,833,797$4,150,671$12,542,778
79$18,753,464$6,054,172$4,224,237$13,609,612
80$20,598,773$6,283,283$4,298,205$14,779,092
81$22,630,176$6,521,492$4,372,523$16,061,504
82$24,866,588$6,769,179$4,447,136$17,468,179
83$27,328,850$7,026,738$4,521,985$19,011,594
84$30,039,927$7,294,583$4,597,007$20,705,496
85$33,025,126$7,573,144$4,672,132$22,565,027
86$36,312,331$7,862,870$4,747,291$24,606,865
87$39,932,267$8,164,229$4,822,404$26,849,385
88$43,918,794$8,477,712$4,897,390$29,312,828
89$48,309,220$8,803,828$4,972,161$32,019,491
90$53,144,656$9,143,112$5,046,624$34,993,940
91$58,470,406$9,496,119$5,120,681$38,263,238
92$64,336,389$9,863,431$5,194,225$41,857,199
93$70,797,615$10,245,654$5,267,147$45,808,670
94$77,914,703$10,643,422$5,339,327$50,153,843
95$85,754,449$11,057,396$5,410,641$54,932,587
96$94,390,461$11,488,267$5,480,956$60,188,833
97$103,903,852$11,936,755$5,550,132$65,970,980
98$114,384,004$12,403,616$5,618,020$72,332,357
99$125,929,413$12,889,633$5,684,464$79,331,717
100$138,648,619$13,395,631$5,749,299$87,033,801