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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$229,570$227,525$225,530$223,583$221,681$213,561
2 years$113,648$111,532$109,481$107,492$105,562$97,472
3 years$75,013$72,887$70,841$68,871$66,973$59,167
4 years$55,699$53,580$51,554$49,618$47,766$40,303
5 years$44,114$42,007$40,008$38,111$36,311$29,211
6 years$36,393$34,302$32,333$30,478$28,732$22,000
7 years$30,880$28,807$26,869$25,057$23,366$17,001
8 years$26,747$24,693$22,787$21,020$19,385$13,380
9 years$23,534$21,500$19,626$17,904$16,325$10,673
10 years$20,966$18,951$17,110$15,434$13,909$8,601
11 years$18,866$16,871$15,064$13,432$11,963$6,985
12 years$17,117$15,142$13,369$11,782$10,367$5,708
13 years$15,638$13,684$11,944$10,401$9,040$4,688
14 years$14,372$12,439$10,732$9,233$7,924$3,865
15 years$13,275$11,363$9,689$8,234$6,977$3,196
16 years$12,316$10,425$8,785$7,373$6,166$2,650
17 years$11,472$9,601$7,994$6,625$5,468$2,202
18 years$10,721$8,872$7,297$5,970$4,862$1,833
19 years$10,051$8,222$6,680$5,395$4,333$1,528
20 years$9,448$7,641$6,131$4,886$3,870$1,276
21 years$8,904$7,117$5,639$4,434$3,464$1,066
22 years$8,409$6,643$5,197$4,032$3,105$891
23 years$7,959$6,213$4,799$3,672$2,787$746
24 years$7,546$5,822$4,438$3,349$2,505$624
25 years$7,167$5,463$4,111$3,058$2,254$523
26 years$6,818$5,135$3,812$2,796$2,030$438
27 years$6,495$4,832$3,540$2,560$1,831$367
28 years$6,196$4,553$3,291$2,345$1,652$308
29 years$5,918$4,296$3,063$2,151$1,491$258
30 years$5,659$4,057$2,853$1,974$1,348$217
31 years$5,417$3,835$2,659$1,813$1,218$182
32 years$5,191$3,629$2,481$1,666$1,102$152
33 years$4,979$3,436$2,317$1,532$997$128
34 years$4,779$3,257$2,165$1,409$903$107
35 years$4,592$3,089$2,024$1,298$818$90
36 years$4,415$2,932$1,893$1,195$741$76
37 years$4,249$2,785$1,772$1,101$672$63
38 years$4,091$2,647$1,659$1,015$609$53
39 years$3,942$2,517$1,555$936$552$45
40 years$3,801$2,394$1,457$863$501$38
41 years$3,667$2,279$1,366$796$454$32
42 years$3,539$2,171$1,282$735$412$26
43 years$3,418$2,068$1,203$678$374$22
44 years$3,303$1,971$1,129$626$340$19
45 years$3,193$1,880$1,060$578$308$16
46 years$3,088$1,793$996$534$280$13
47 years$2,989$1,711$935$494$254$11
48 years$2,893$1,634$879$456$231$9
49 years$2,802$1,560$826$422$210$8
50 years$2,714$1,490$777$390$190$7

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 $2,787 every year, while hoping to spend $57,648 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: 66/16/18 Blend
58$2,780,000$2,780,000$2,780,000$2,780,000
59$3,066,435$2,919,095$2,876,005$3,255,010
60$3,317,874$3,000,793$2,911,014$3,463,325
61$3,593,028$3,084,563$2,945,264$3,684,039
62$3,894,255$3,170,445$2,978,668$3,923,917
63$4,224,151$3,258,479$3,011,135$4,184,840
64$4,585,576$3,348,706$3,042,570$4,468,875
65$4,981,679$3,441,166$3,072,871$4,778,302
66$5,415,928$3,535,902$3,101,930$5,115,629
67$5,892,144$3,632,952$3,129,635$5,483,622
68$6,414,533$3,732,357$3,155,868$5,885,325
69$6,987,729$3,834,156$3,180,504$6,324,092
70$7,616,837$3,938,390$3,203,411$6,803,619
71$8,307,480$4,045,096$3,224,450$7,327,974
72$9,065,850$4,154,313$3,243,476$7,901,643
73$9,898,771$4,266,078$3,260,337$8,529,566
74$10,813,759$4,380,429$3,274,871$9,217,186
75$11,819,092$4,497,400$3,286,909$9,970,499
76$12,923,893$4,617,026$3,296,274$10,796,113
77$14,138,210$4,739,340$3,302,779$11,701,307
78$15,473,114$4,864,374$3,306,229$12,694,102
79$16,940,801$4,992,158$3,306,417$13,783,337
80$18,554,709$5,122,721$3,303,129$14,978,750
81$20,329,644$5,256,088$3,296,138$16,291,071
82$22,281,916$5,392,285$3,285,207$17,732,124
83$24,429,497$5,531,333$3,270,087$19,314,938
84$26,792,189$5,673,251$3,250,518$21,053,870
85$29,391,807$5,818,056$3,226,226$22,964,740
86$32,252,392$5,965,761$3,196,924$25,064,981
87$35,400,429$6,116,376$3,162,314$27,373,803
88$38,865,101$6,269,907$3,122,081$29,912,375
89$42,678,566$6,426,357$3,075,895$32,704,025
90$46,876,255$6,585,724$3,023,413$35,774,458
91$51,497,210$6,748,000$2,964,273$39,152,003
92$56,584,448$6,913,175$2,898,099$42,867,876
93$62,185,372$7,081,231$2,824,496$46,956,478
94$68,352,213$7,252,145$2,743,050$51,455,716
95$75,142,526$7,425,887$2,653,329$56,407,367
96$82,619,731$7,602,423$2,554,883$61,857,468
97$90,853,709$7,781,707$2,447,237$67,856,750
98$99,921,466$7,963,689$2,329,898$74,461,120
99$109,907,856$8,148,310$2,202,350$81,732,190
100$120,906,381$8,335,501$2,064,052$89,737,854