Can I retire at age 59 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$230,396$228,343$226,341$224,387$222,479$213,820
2 years$114,057$111,933$109,874$107,878$105,942$97,324
3 years$75,283$73,149$71,096$69,119$67,214$58,907
4 years$55,899$53,773$51,740$49,796$47,938$40,005
5 years$44,272$42,158$40,152$38,248$36,441$28,903
6 years$36,524$34,425$32,449$30,587$28,835$21,696
7 years$30,991$28,910$26,965$25,148$23,450$16,709
8 years$26,843$24,782$22,869$21,096$19,454$13,104
9 years$23,619$21,577$19,697$17,969$16,383$10,414
10 years$21,041$19,019$17,172$15,489$13,960$8,360
11 years$18,933$16,931$15,118$13,480$12,006$6,763
12 years$17,178$15,197$13,417$11,824$10,404$5,505
13 years$15,694$13,733$11,987$10,439$9,072$4,502
14 years$14,423$12,483$10,770$9,266$7,953$3,696
15 years$13,323$11,404$9,724$8,264$7,002$3,044
16 years$12,361$10,463$8,816$7,400$6,189$2,513
17 years$11,513$9,636$8,023$6,648$5,487$2,079
18 years$10,760$8,904$7,324$5,992$4,879$1,723
19 years$10,087$8,252$6,704$5,414$4,349$1,430
20 years$9,482$7,668$6,153$4,903$3,884$1,188
21 years$8,936$7,143$5,660$4,450$3,476$988
22 years$8,440$6,667$5,216$4,046$3,116$822
23 years$7,987$6,236$4,816$3,685$2,797$684
24 years$7,573$5,843$4,454$3,361$2,514$570
25 years$7,193$5,483$4,125$3,069$2,262$475
26 years$6,843$5,153$3,826$2,806$2,038$396
27 years$6,519$4,850$3,553$2,569$1,837$331
28 years$6,218$4,570$3,303$2,354$1,658$276
29 years$5,939$4,311$3,074$2,158$1,497$230
30 years$5,679$4,071$2,863$1,981$1,353$192
31 years$5,436$3,849$2,669$1,819$1,223$160
32 years$5,209$3,642$2,490$1,672$1,106$134
33 years$4,996$3,449$2,325$1,537$1,001$112
34 years$4,797$3,269$2,173$1,415$906$93
35 years$4,608$3,100$2,031$1,302$821$78
36 years$4,431$2,943$1,900$1,199$744$65
37 years$4,264$2,795$1,778$1,105$674$54
38 years$4,106$2,656$1,665$1,018$611$45
39 years$3,956$2,526$1,560$939$554$38
40 years$3,814$2,403$1,463$866$503$32
41 years$3,680$2,287$1,371$799$456$26
42 years$3,552$2,178$1,286$738$414$22
43 years$3,431$2,076$1,207$681$376$18
44 years$3,315$1,978$1,133$629$341$15
45 years$3,205$1,887$1,064$581$309$13
46 years$3,100$1,800$999$536$281$11
47 years$2,999$1,718$939$495$255$9
48 years$2,903$1,640$882$458$232$8
49 years$2,812$1,566$829$423$210$6
50 years$2,724$1,496$780$391$191$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,790,000, adding $3,409 every year, while hoping to spend $53,826 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: 38/41/21 Blend
58$2,790,000$2,790,000$2,790,000$2,790,000
59$3,078,096$2,930,226$2,886,981$3,175,589
60$3,334,792$3,016,537$2,926,425$3,332,770
61$3,615,866$3,105,273$2,965,386$3,497,211
62$3,923,749$3,196,496$3,003,791$3,673,833
63$4,261,117$3,290,269$3,041,563$3,863,764
64$4,630,916$3,386,658$3,078,621$4,068,250
65$5,036,392$3,485,727$3,114,877$4,288,660
66$5,481,121$3,587,544$3,150,242$4,526,499
67$5,969,038$3,692,177$3,184,619$4,783,425
68$6,504,482$3,799,696$3,217,905$5,061,262
69$7,092,230$3,910,171$3,249,995$5,362,018
70$7,737,542$4,023,674$3,280,775$5,687,903
71$8,446,216$4,140,280$3,310,126$6,041,351
72$9,224,638$4,260,061$3,337,923$6,425,040
73$10,079,841$4,383,094$3,364,033$6,841,919
74$11,019,575$4,509,456$3,388,319$7,295,238
75$12,052,377$4,639,225$3,410,633$7,788,573
76$13,187,653$4,772,479$3,430,822$8,325,863
77$14,435,763$4,909,301$3,448,724$8,911,448
78$15,808,124$5,049,770$3,464,170$9,550,106
79$17,317,313$5,193,969$3,476,980$10,247,100
80$18,977,188$5,341,982$3,486,967$11,008,230
81$20,803,015$5,493,893$3,493,934$11,839,882
82$22,811,616$5,649,787$3,497,675$12,749,092
83$25,021,525$5,809,751$3,497,972$13,743,613
84$27,453,164$5,973,872$3,494,597$14,831,982
85$30,129,032$6,142,238$3,487,311$16,023,610
86$33,073,922$6,314,936$3,475,865$17,328,862
87$36,315,150$6,492,055$3,459,994$18,759,157
88$39,882,815$6,673,686$3,439,424$20,327,081
89$43,810,083$6,859,917$3,413,865$22,046,496
90$48,133,498$7,050,840$3,383,016$23,932,680
91$52,893,327$7,246,543$3,346,559$26,002,464
92$58,133,940$7,447,117$3,304,163$28,274,398
93$63,904,228$7,652,653$3,255,479$30,768,917
94$70,258,066$7,863,239$3,200,144$33,508,543
95$77,254,817$8,078,966$3,137,777$36,518,090
96$84,959,895$8,299,922$3,067,979$39,824,902
97$93,445,382$8,526,195$2,990,334$43,459,114
98$102,790,704$8,757,873$2,904,403$47,453,927
99$113,083,387$8,995,040$2,809,732$51,845,934
100$124,419,877$9,237,781$2,705,842$56,675,453