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%19.2%
1 years$231,221$229,162$227,152$225,191$223,276$215,012
2 years$114,466$112,334$110,268$108,265$106,322$98,089
3 years$75,553$73,412$71,351$69,366$67,455$59,513
4 years$56,100$53,965$51,925$49,975$48,109$40,518
5 years$44,431$42,309$40,296$38,385$36,572$29,352
6 years$36,655$34,549$32,565$30,697$28,938$22,094
7 years$31,102$29,014$27,062$25,238$23,535$17,064
8 years$26,940$24,870$22,951$21,171$19,524$13,422
9 years$23,704$21,654$19,767$18,033$16,442$10,700
10 years$21,117$19,087$17,234$15,545$14,010$8,616
11 years$19,001$16,992$15,172$13,529$12,049$6,993
12 years$17,240$15,251$13,465$11,866$10,441$5,711
13 years$15,750$13,783$12,030$10,476$9,105$4,687
14 years$14,475$12,528$10,809$9,300$7,981$3,861
15 years$13,370$11,445$9,759$8,294$7,027$3,191
16 years$12,405$10,500$8,848$7,426$6,211$2,644
17 years$11,554$9,670$8,051$6,672$5,507$2,196
18 years$10,799$8,936$7,350$6,013$4,896$1,826
19 years$10,123$8,282$6,728$5,433$4,364$1,521
20 years$9,516$7,696$6,175$4,921$3,898$1,269
21 years$8,968$7,168$5,680$4,466$3,489$1,059
22 years$8,470$6,691$5,235$4,061$3,127$885
23 years$8,016$6,258$4,833$3,698$2,807$740
24 years$7,601$5,864$4,470$3,373$2,523$619
25 years$7,219$5,503$4,140$3,080$2,270$518
26 years$6,867$5,172$3,840$2,816$2,045$434
27 years$6,542$4,867$3,566$2,578$1,844$363
28 years$6,241$4,586$3,315$2,362$1,664$304
29 years$5,961$4,327$3,085$2,166$1,502$255
30 years$5,700$4,086$2,873$1,988$1,357$214
31 years$5,456$3,863$2,679$1,826$1,227$179
32 years$5,228$3,655$2,499$1,678$1,110$150
33 years$5,014$3,461$2,334$1,543$1,005$126
34 years$4,814$3,280$2,180$1,420$910$106
35 years$4,625$3,111$2,038$1,307$824$89
36 years$4,447$2,953$1,907$1,204$746$74
37 years$4,279$2,805$1,785$1,109$677$62
38 years$4,120$2,666$1,671$1,022$613$52
39 years$3,970$2,535$1,566$942$556$44
40 years$3,828$2,412$1,468$869$504$37
41 years$3,693$2,296$1,376$802$458$31
42 years$3,565$2,186$1,291$740$415$26
43 years$3,443$2,083$1,211$683$377$22
44 years$3,327$1,986$1,137$631$342$18
45 years$3,216$1,893$1,068$583$311$15
46 years$3,111$1,806$1,003$538$282$13
47 years$3,010$1,724$942$497$256$11
48 years$2,914$1,646$885$459$233$9
49 years$2,822$1,571$832$425$211$8
50 years$2,734$1,501$782$392$192$6

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 $4,382 every year, while hoping to spend $47,986 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: 89/5/6 Blend
58$2,800,000$2,800,000$2,800,000$2,800,000
59$3,090,120$2,941,720$2,898,320$3,364,315
60$3,354,256$3,034,808$2,944,357$3,636,405
61$3,643,725$3,130,848$2,990,328$3,928,351
62$3,961,061$3,229,936$3,036,180$4,247,786
63$4,309,054$3,332,167$3,081,857$4,597,448
64$4,690,777$3,437,643$3,127,299$4,980,353
65$5,109,615$3,546,467$3,172,442$5,399,822
66$5,569,297$3,658,745$3,217,220$5,859,513
67$6,073,929$3,774,587$3,261,561$6,363,456
68$6,628,035$3,894,107$3,305,388$6,916,089
69$7,236,599$4,017,423$3,348,623$7,522,301
70$7,905,110$4,144,655$3,391,180$8,187,479
71$8,639,616$4,275,928$3,432,970$8,917,553
72$9,446,780$4,411,371$3,473,897$9,719,061
73$10,333,941$4,551,118$3,513,862$10,599,201
74$11,309,186$4,695,305$3,552,759$11,565,905
75$12,381,422$4,844,075$3,590,477$12,627,912
76$13,560,466$4,997,574$3,626,896$13,794,848
77$14,857,131$5,155,952$3,661,895$15,077,319
78$16,283,331$5,319,366$3,695,341$16,487,012
79$17,852,192$5,487,977$3,727,096$18,036,801
80$19,578,179$5,661,950$3,757,017$19,740,870
81$21,477,225$5,841,457$3,784,949$21,614,848
82$23,566,889$6,026,676$3,810,732$23,675,956
83$25,866,517$6,217,789$3,834,196$25,943,168
84$28,397,425$6,414,984$3,855,165$28,437,387
85$31,183,100$6,618,455$3,873,451$31,181,650
86$34,249,422$6,828,405$3,888,857$34,201,337
87$37,624,906$7,045,041$3,901,177$37,524,414
88$41,340,974$7,268,575$3,910,195$41,181,697
89$45,432,249$7,499,231$3,915,681$45,207,140
90$49,936,880$7,737,235$3,917,398$49,638,159
91$54,896,905$7,982,823$3,915,095$54,515,979
92$60,358,647$8,236,238$3,908,508$59,886,030
93$66,373,148$8,497,733$3,897,361$65,798,369
94$72,996,652$8,767,564$3,881,366$72,308,156
95$80,291,136$9,046,001$3,860,218$79,476,173
96$88,324,897$9,333,320$3,833,599$87,369,398
97$97,173,188$9,629,805$3,801,177$96,061,633
98$106,918,939$9,935,751$3,762,602$105,634,208
99$117,653,531$10,251,462$3,717,509$116,176,741
100$129,477,659$10,577,252$3,665,514$127,787,987