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%12.2%
1 years$229,570$227,525$225,530$223,583$221,681$219,640
2 years$113,648$111,532$109,481$107,492$105,562$103,506
3 years$75,013$72,887$70,841$68,871$66,973$64,965
4 years$55,699$53,580$51,554$49,618$47,766$45,822
5 years$44,114$42,007$40,008$38,111$36,311$34,436
6 years$36,393$34,302$32,333$30,478$28,732$26,929
7 years$30,880$28,807$26,869$25,057$23,366$21,637
8 years$26,747$24,693$22,787$21,020$19,385$17,728
9 years$23,534$21,500$19,626$17,904$16,325$14,740
10 years$20,966$18,951$17,110$15,434$13,909$12,396
11 years$18,866$16,871$15,064$13,432$11,963$10,519
12 years$17,117$15,142$13,369$11,782$10,367$8,991
13 years$15,638$13,684$11,944$10,401$9,040$7,731
14 years$14,372$12,439$10,732$9,233$7,924$6,681
15 years$13,275$11,363$9,689$8,234$6,977$5,797
16 years$12,316$10,425$8,785$7,373$6,166$5,048
17 years$11,472$9,601$7,994$6,625$5,468$4,409
18 years$10,721$8,872$7,297$5,970$4,862$3,861
19 years$10,051$8,222$6,680$5,395$4,333$3,388
20 years$9,448$7,641$6,131$4,886$3,870$2,978
21 years$8,904$7,117$5,639$4,434$3,464$2,623
22 years$8,409$6,643$5,197$4,032$3,105$2,313
23 years$7,959$6,213$4,799$3,672$2,787$2,042
24 years$7,546$5,822$4,438$3,349$2,505$1,805
25 years$7,167$5,463$4,111$3,058$2,254$1,597
26 years$6,818$5,135$3,812$2,796$2,030$1,414
27 years$6,495$4,832$3,540$2,560$1,831$1,253
28 years$6,196$4,553$3,291$2,345$1,652$1,112
29 years$5,918$4,296$3,063$2,151$1,491$986
30 years$5,659$4,057$2,853$1,974$1,348$875
31 years$5,417$3,835$2,659$1,813$1,218$778
32 years$5,191$3,629$2,481$1,666$1,102$691
33 years$4,979$3,436$2,317$1,532$997$614
34 years$4,779$3,257$2,165$1,409$903$546
35 years$4,592$3,089$2,024$1,298$818$485
36 years$4,415$2,932$1,893$1,195$741$432
37 years$4,249$2,785$1,772$1,101$672$384
38 years$4,091$2,647$1,659$1,015$609$342
39 years$3,942$2,517$1,555$936$552$304
40 years$3,801$2,394$1,457$863$501$271
41 years$3,667$2,279$1,366$796$454$241
42 years$3,539$2,171$1,282$735$412$215
43 years$3,418$2,068$1,203$678$374$191
44 years$3,303$1,971$1,129$626$340$170
45 years$3,193$1,880$1,060$578$308$152
46 years$3,088$1,793$996$534$280$135
47 years$2,989$1,711$935$494$254$120
48 years$2,893$1,634$879$456$231$107
49 years$2,802$1,560$826$422$210$95
50 years$2,714$1,490$777$390$190$85

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 $3,658 every year, while hoping to spend $33,924 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: 64/15/21 Blend
58$2,780,000$2,780,000$2,780,000$2,780,000
59$3,067,333$2,919,993$2,876,903$3,246,878
60$3,344,106$3,026,978$2,937,185$3,475,174
61$3,647,973$3,138,068$2,998,348$3,720,330
62$3,981,662$3,253,429$3,060,388$3,987,384
63$4,348,177$3,373,232$3,123,297$4,278,481
64$4,750,829$3,497,658$3,187,065$4,595,981
65$5,193,264$3,626,894$3,251,682$4,942,484
66$5,679,500$3,761,135$3,317,137$5,320,851
67$6,213,962$3,900,584$3,383,414$5,734,232
68$6,801,527$4,045,453$3,450,499$6,186,097
69$7,447,566$4,195,964$3,518,374$6,680,266
70$8,157,998$4,352,347$3,587,020$7,220,945
71$8,939,344$4,514,842$3,656,416$7,812,766
72$9,798,788$4,683,700$3,726,536$8,460,830
73$10,744,245$4,859,182$3,797,356$9,170,756
74$11,784,438$5,041,561$3,868,847$9,948,732
75$12,928,975$5,231,122$3,940,978$10,801,574
76$14,188,444$5,428,161$4,013,715$11,736,787
77$15,574,512$5,632,987$4,087,020$12,762,641
78$17,100,032$5,845,924$4,160,856$13,888,243
79$18,779,168$6,067,307$4,235,177$15,123,628
80$20,627,527$6,297,488$4,309,939$16,479,846
81$22,662,304$6,536,834$4,385,091$17,969,074
82$24,902,447$6,785,728$4,460,580$19,604,723
83$27,368,836$7,044,567$4,536,349$21,401,570
84$30,084,476$7,313,770$4,612,335$23,375,892
85$33,074,718$7,593,770$4,688,473$25,545,623
86$36,367,495$7,885,021$4,764,694$27,930,521
87$39,993,590$8,187,997$4,840,921$30,552,353
88$43,986,919$8,503,192$4,917,075$33,435,101
89$48,384,858$8,831,122$4,993,070$36,605,189
90$53,228,592$9,172,325$5,068,817$40,091,728
91$58,563,504$9,527,365$5,144,218$43,926,795
92$64,439,604$9,896,828$5,219,171$48,145,730
93$70,911,998$10,281,327$5,293,568$52,787,472
94$78,041,412$10,681,502$5,367,293$57,894,926
95$85,894,763$11,098,023$5,440,224$63,515,365
96$94,545,789$11,531,586$5,512,232$69,700,879
97$104,075,747$11,982,922$5,583,179$76,508,860
98$114,574,180$12,452,791$5,652,922$84,002,550
99$126,139,757$12,941,989$5,721,306$92,251,632
100$138,881,212$13,451,346$5,788,169$101,332,888