Can I retire at age 59 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$231,221$229,162$227,152$225,191$223,276$222,148
2 years$114,466$112,334$110,268$108,265$106,322$105,184
3 years$75,553$73,412$71,351$69,366$67,455$66,342
4 years$56,100$53,965$51,925$49,975$48,109$47,030
5 years$44,431$42,309$40,296$38,385$36,572$35,529
6 years$36,655$34,549$32,565$30,697$28,938$27,933
7 years$31,102$29,014$27,062$25,238$23,535$22,568
8 years$26,940$24,870$22,951$21,171$19,524$18,596
9 years$23,704$21,654$19,767$18,033$16,442$15,552
10 years$21,117$19,087$17,234$15,545$14,010$13,157
11 years$19,001$16,992$15,172$13,529$12,049$11,234
12 years$17,240$15,251$13,465$11,866$10,441$9,663
13 years$15,750$13,783$12,030$10,476$9,105$8,363
14 years$14,475$12,528$10,809$9,300$7,981$7,274
15 years$13,370$11,445$9,759$8,294$7,027$6,354
16 years$12,405$10,500$8,848$7,426$6,211$5,571
17 years$11,554$9,670$8,051$6,672$5,507$4,899
18 years$10,799$8,936$7,350$6,013$4,896$4,320
19 years$10,123$8,282$6,728$5,433$4,364$3,818
20 years$9,516$7,696$6,175$4,921$3,898$3,381
21 years$8,968$7,168$5,680$4,466$3,489$3,000
22 years$8,470$6,691$5,235$4,061$3,127$2,665
23 years$8,016$6,258$4,833$3,698$2,807$2,371
24 years$7,601$5,864$4,470$3,373$2,523$2,112
25 years$7,219$5,503$4,140$3,080$2,270$1,883
26 years$6,867$5,172$3,840$2,816$2,045$1,681
27 years$6,542$4,867$3,566$2,578$1,844$1,501
28 years$6,241$4,586$3,315$2,362$1,664$1,342
29 years$5,961$4,327$3,085$2,166$1,502$1,200
30 years$5,700$4,086$2,873$1,988$1,357$1,074
31 years$5,456$3,863$2,679$1,826$1,227$962
32 years$5,228$3,655$2,499$1,678$1,110$862
33 years$5,014$3,461$2,334$1,543$1,005$772
34 years$4,814$3,280$2,180$1,420$910$692
35 years$4,625$3,111$2,038$1,307$824$621
36 years$4,447$2,953$1,907$1,204$746$557
37 years$4,279$2,805$1,785$1,109$677$500
38 years$4,120$2,666$1,671$1,022$613$448
39 years$3,970$2,535$1,566$942$556$402
40 years$3,828$2,412$1,468$869$504$361
41 years$3,693$2,296$1,376$802$458$324
42 years$3,565$2,186$1,291$740$415$291
43 years$3,443$2,083$1,211$683$377$262
44 years$3,327$1,986$1,137$631$342$235
45 years$3,216$1,893$1,068$583$311$211
46 years$3,111$1,806$1,003$538$282$190
47 years$3,010$1,724$942$497$256$171
48 years$2,914$1,646$885$459$233$153
49 years$2,822$1,571$832$425$211$138
50 years$2,734$1,501$782$392$192$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,800,000, adding $4,585 every year, while hoping to spend $44,247 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: 74/18/8 Blend
58$2,800,000$2,800,000$2,800,000$2,800,000
59$3,090,329$2,941,929$2,898,529$3,314,836
60$3,358,465$3,039,006$2,948,552$3,560,467
61$3,652,467$3,139,355$2,998,767$3,823,448
62$3,974,927$3,243,093$3,049,134$4,110,294
63$4,328,701$3,350,335$3,099,611$4,423,349
64$4,716,931$3,461,205$3,150,152$4,765,198
65$5,143,083$3,575,829$3,200,706$5,138,685
66$5,610,970$3,694,337$3,251,223$5,546,942
67$6,124,796$3,816,866$3,301,645$5,993,417
68$6,689,189$3,943,557$3,351,915$6,481,907
69$7,309,250$4,074,555$3,401,967$7,016,592
70$7,990,596$4,210,011$3,451,736$7,602,079
71$8,739,418$4,350,082$3,501,150$8,243,438
72$9,562,534$4,494,931$3,550,134$8,946,254
73$10,467,455$4,644,726$3,598,606$9,716,679
74$11,462,460$4,799,641$3,646,484$10,561,488
75$12,556,665$4,959,858$3,693,675$11,488,143
76$13,760,118$5,125,565$3,740,087$12,504,867
77$15,083,888$5,296,955$3,785,617$13,620,712
78$16,540,169$5,474,230$3,830,160$14,845,655
79$18,142,400$5,657,601$3,873,604$16,190,684
80$19,905,384$5,847,283$3,915,829$17,667,902
81$21,845,436$6,043,503$3,956,712$19,290,645
82$23,980,528$6,246,492$3,996,120$21,073,605
83$26,330,466$6,456,494$4,033,914$23,032,965
84$28,917,072$6,673,760$4,069,948$25,186,556
85$31,764,389$6,898,550$4,104,067$27,554,024
86$34,898,913$7,131,135$4,136,109$30,157,011
87$38,349,836$7,371,795$4,165,903$33,019,364
88$42,149,328$7,620,822$4,193,269$36,167,355
89$46,332,833$7,878,516$4,218,018$39,629,932
90$50,939,411$8,145,192$4,239,950$43,438,988
91$56,012,100$8,421,175$4,258,858$47,629,666
92$61,598,324$8,706,803$4,274,519$52,240,684
93$67,750,342$9,002,426$4,286,705$57,314,707
94$74,525,739$9,308,407$4,295,172$62,898,743
95$81,987,970$9,625,124$4,299,666$69,044,587
96$90,206,958$9,952,970$4,299,919$75,809,314
97$99,259,753$10,292,351$4,295,652$83,255,810
98$109,231,262$10,643,690$4,286,570$91,453,371
99$120,215,045$11,007,425$4,272,364$100,478,352
100$132,314,203$11,384,012$4,252,712$110,414,888