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%17.5%
1 years$229,570$227,525$225,530$223,583$221,681$214,929
2 years$113,648$111,532$109,481$107,492$105,562$98,818
3 years$75,013$72,887$70,841$68,871$66,973$60,448
4 years$55,699$53,580$51,554$49,618$47,766$41,509
5 years$44,114$42,007$40,008$38,111$36,311$30,340
6 years$36,393$34,302$32,333$30,478$28,732$23,052
7 years$30,880$28,807$26,869$25,057$23,366$17,978
8 years$26,747$24,693$22,787$21,020$19,385$14,283
9 years$23,534$21,500$19,626$17,904$16,325$11,505
10 years$20,966$18,951$17,110$15,434$13,909$9,365
11 years$18,866$16,871$15,064$13,432$11,963$7,685
12 years$17,117$15,142$13,369$11,782$10,367$6,348
13 years$15,638$13,684$11,944$10,401$9,040$5,270
14 years$14,372$12,439$10,732$9,233$7,924$4,393
15 years$13,275$11,363$9,689$8,234$6,977$3,675
16 years$12,316$10,425$8,785$7,373$6,166$3,083
17 years$11,472$9,601$7,994$6,625$5,468$2,592
18 years$10,721$8,872$7,297$5,970$4,862$2,184
19 years$10,051$8,222$6,680$5,395$4,333$1,842
20 years$9,448$7,641$6,131$4,886$3,870$1,557
21 years$8,904$7,117$5,639$4,434$3,464$1,317
22 years$8,409$6,643$5,197$4,032$3,105$1,115
23 years$7,959$6,213$4,799$3,672$2,787$945
24 years$7,546$5,822$4,438$3,349$2,505$801
25 years$7,167$5,463$4,111$3,058$2,254$679
26 years$6,818$5,135$3,812$2,796$2,030$577
27 years$6,495$4,832$3,540$2,560$1,831$490
28 years$6,196$4,553$3,291$2,345$1,652$416
29 years$5,918$4,296$3,063$2,151$1,491$353
30 years$5,659$4,057$2,853$1,974$1,348$300
31 years$5,417$3,835$2,659$1,813$1,218$255
32 years$5,191$3,629$2,481$1,666$1,102$217
33 years$4,979$3,436$2,317$1,532$997$185
34 years$4,779$3,257$2,165$1,409$903$157
35 years$4,592$3,089$2,024$1,298$818$134
36 years$4,415$2,932$1,893$1,195$741$114
37 years$4,249$2,785$1,772$1,101$672$97
38 years$4,091$2,647$1,659$1,015$609$82
39 years$3,942$2,517$1,555$936$552$70
40 years$3,801$2,394$1,457$863$501$59
41 years$3,667$2,279$1,366$796$454$51
42 years$3,539$2,171$1,282$735$412$43
43 years$3,418$2,068$1,203$678$374$37
44 years$3,303$1,971$1,129$626$340$31
45 years$3,193$1,880$1,060$578$308$27
46 years$3,088$1,793$996$534$280$23
47 years$2,989$1,711$935$494$254$19
48 years$2,893$1,634$879$456$231$16
49 years$2,802$1,560$826$422$210$14
50 years$2,714$1,490$777$390$190$12

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 $6,680 every year, while hoping to spend $47,751 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: 75/15/10 Blend
58$2,780,000$2,780,000$2,780,000$2,780,000
59$3,070,450$2,923,110$2,880,020$3,294,728
60$3,332,830$3,015,536$2,925,694$3,535,879
61$3,620,371$3,110,890$2,971,298$3,793,389
62$3,935,591$3,209,266$3,016,779$4,074,242
63$4,281,261$3,310,759$3,062,080$4,380,738
64$4,660,432$3,415,469$3,107,142$4,715,410
65$5,076,467$3,523,498$3,151,903$5,081,045
66$5,533,069$3,634,952$3,196,294$5,480,714
67$6,034,316$3,749,939$3,240,244$5,917,799
68$6,584,702$3,868,572$3,283,678$6,396,022
69$7,189,177$3,990,967$3,326,516$6,919,486
70$7,853,192$4,117,243$3,368,673$7,492,705
71$8,582,755$4,247,525$3,410,061$8,120,656
72$9,384,481$4,381,939$3,450,583$8,808,818
73$10,265,662$4,520,618$3,490,142$9,563,225
74$11,234,328$4,663,697$3,528,630$10,390,528
75$12,299,328$4,811,316$3,565,937$11,298,049
76$13,470,409$4,963,620$3,601,946$12,293,856
77$14,758,311$5,120,758$3,636,532$13,386,837
78$16,174,868$5,282,885$3,669,565$14,586,783
79$17,733,117$5,450,159$3,700,908$15,904,479
80$19,447,423$5,622,744$3,730,416$17,351,810
81$21,333,611$5,800,810$3,757,936$18,941,867
82$23,409,122$5,984,531$3,783,309$20,689,075
83$25,693,168$6,174,089$3,806,365$22,609,325
84$28,206,920$6,369,669$3,826,928$24,720,126
85$30,973,707$6,571,464$3,844,811$27,040,769
86$34,019,230$6,779,671$3,859,818$29,592,510
87$37,371,813$6,994,496$3,871,743$32,398,767
88$41,062,662$7,216,150$3,880,369$35,485,345
89$45,126,163$7,444,851$3,885,472$38,880,675
90$49,600,207$7,680,824$3,886,811$42,616,084
91$54,526,546$7,924,302$3,884,136$46,726,092
92$59,951,185$8,175,525$3,877,187$51,248,733
93$65,924,821$8,434,740$3,865,687$56,225,918
94$72,503,313$8,702,203$3,849,348$61,703,827
95$79,748,217$8,978,177$3,827,868$67,733,346
96$87,727,364$9,262,936$3,800,929$74,370,546
97$96,515,495$9,556,760$3,768,201$81,677,213
98$106,194,974$9,859,939$3,729,334$89,721,431
99$116,856,558$10,172,774$3,683,964$98,578,220
100$128,600,260$10,495,573$3,631,710$108,330,249