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

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$230,396$228,343$226,341$224,387$222,479$219,972
2 years$114,057$111,933$109,874$107,878$105,942$103,419
3 years$75,283$73,149$71,096$69,119$67,214$64,752
4 years$55,899$53,773$51,740$49,796$47,938$45,556
5 years$44,272$42,158$40,152$38,248$36,441$34,148
6 years$36,524$34,425$32,449$30,587$28,835$26,631
7 years$30,991$28,910$26,965$25,148$23,450$21,338
8 years$26,843$24,782$22,869$21,096$19,454$17,433
9 years$23,619$21,577$19,697$17,969$16,383$14,452
10 years$21,041$19,019$17,172$15,489$13,960$12,117
11 years$18,933$16,931$15,118$13,480$12,006$10,251
12 years$17,178$15,197$13,417$11,824$10,404$8,734
13 years$15,694$13,733$11,987$10,439$9,072$7,486
14 years$14,423$12,483$10,770$9,266$7,953$6,448
15 years$13,323$11,404$9,724$8,264$7,002$5,576
16 years$12,361$10,463$8,816$7,400$6,189$4,839
17 years$11,513$9,636$8,023$6,648$5,487$4,212
18 years$10,760$8,904$7,324$5,992$4,879$3,675
19 years$10,087$8,252$6,704$5,414$4,349$3,213
20 years$9,482$7,668$6,153$4,903$3,884$2,814
21 years$8,936$7,143$5,660$4,450$3,476$2,469
22 years$8,440$6,667$5,216$4,046$3,116$2,169
23 years$7,987$6,236$4,816$3,685$2,797$1,908
24 years$7,573$5,843$4,454$3,361$2,514$1,680
25 years$7,193$5,483$4,125$3,069$2,262$1,481
26 years$6,843$5,153$3,826$2,806$2,038$1,306
27 years$6,519$4,850$3,553$2,569$1,837$1,153
28 years$6,218$4,570$3,303$2,354$1,658$1,018
29 years$5,939$4,311$3,074$2,158$1,497$900
30 years$5,679$4,071$2,863$1,981$1,353$796
31 years$5,436$3,849$2,669$1,819$1,223$704
32 years$5,209$3,642$2,490$1,672$1,106$623
33 years$4,996$3,449$2,325$1,537$1,001$551
34 years$4,797$3,269$2,173$1,415$906$488
35 years$4,608$3,100$2,031$1,302$821$432
36 years$4,431$2,943$1,900$1,199$744$383
37 years$4,264$2,795$1,778$1,105$674$339
38 years$4,106$2,656$1,665$1,018$611$300
39 years$3,956$2,526$1,560$939$554$266
40 years$3,814$2,403$1,463$866$503$236
41 years$3,680$2,287$1,371$799$456$209
42 years$3,552$2,178$1,286$738$414$185
43 years$3,431$2,076$1,207$681$376$164
44 years$3,315$1,978$1,133$629$341$146
45 years$3,205$1,887$1,064$581$309$129
46 years$3,100$1,800$999$536$281$115
47 years$2,999$1,718$939$495$255$102
48 years$2,903$1,640$882$458$232$90
49 years$2,812$1,566$829$423$210$80
50 years$2,724$1,496$780$391$191$71

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 $4,024 every year, while hoping to spend $36,556 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: 47/41/12 Blend
58$2,790,000$2,790,000$2,790,000$2,790,000
59$3,078,731$2,930,861$2,887,616$3,212,955
60$3,353,866$3,035,578$2,945,456$3,410,771
61$3,655,840$3,144,200$3,004,008$3,621,243
62$3,987,351$3,256,882$3,063,258$3,848,848
63$4,351,373$3,373,781$3,123,189$4,095,193
64$4,751,181$3,495,064$3,183,783$4,362,044
65$5,190,381$3,620,903$3,245,020$4,651,340
66$5,672,950$3,751,476$3,306,878$4,965,215
67$6,203,265$3,886,973$3,369,333$5,306,014
68$6,786,149$4,027,586$3,432,357$5,676,315
69$7,426,918$4,173,519$3,495,922$6,078,956
70$8,131,425$4,324,983$3,559,997$6,517,055
71$8,906,122$4,482,198$3,624,548$6,994,044
72$9,758,114$4,645,394$3,689,538$7,513,697
73$10,695,232$4,814,808$3,754,928$8,080,169
74$11,726,102$4,990,690$3,820,674$8,698,029
75$12,860,229$5,173,299$3,886,732$9,372,306
76$14,108,087$5,362,905$3,953,052$10,108,535
77$15,481,213$5,559,789$4,019,581$10,912,806
78$16,992,323$5,764,245$4,086,263$11,791,823
79$18,655,425$5,976,577$4,153,037$12,752,968
80$20,485,954$6,197,106$4,219,840$13,804,364
81$22,500,919$6,426,162$4,286,603$14,954,953
82$24,719,061$6,664,092$4,353,252$16,214,584
83$27,161,029$6,911,256$4,419,710$17,594,097
84$29,849,578$7,168,031$4,485,893$19,105,428
85$32,809,779$7,434,809$4,551,715$20,761,723
86$36,069,261$7,711,999$4,617,082$22,577,454
87$39,658,465$8,000,027$4,681,894$24,568,560
88$43,610,938$8,299,338$4,746,047$26,752,595
89$47,963,643$8,610,395$4,809,429$29,148,888
90$52,757,313$8,933,682$4,871,923$31,778,732
91$58,036,830$9,269,704$4,933,404$34,665,573
92$63,851,654$9,618,986$4,993,740$37,835,239
93$70,256,284$9,982,078$5,052,792$41,316,177
94$77,310,777$10,359,552$5,110,412$45,139,721
95$85,081,311$10,752,005$5,166,446$49,340,384
96$93,640,812$11,160,061$5,220,729$53,956,187
97$103,069,641$11,584,369$5,273,089$59,029,008
98$113,456,349$12,025,609$5,323,343$64,604,983
99$124,898,521$12,484,488$5,371,299$70,734,936
100$137,503,688$12,961,745$5,416,755$77,474,852