Can I retire at age 59 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$232,047$229,980$227,964$225,995$224,073$216,554
2 years$114,875$112,735$110,662$108,652$106,702$99,200
3 years$75,822$73,674$71,606$69,614$67,696$60,448
4 years$56,300$54,158$52,111$50,153$48,281$41,342
5 years$44,590$42,461$40,440$38,522$36,703$30,091
6 years$36,785$34,672$32,681$30,807$29,042$22,762
7 years$31,213$29,118$27,158$25,328$23,619$17,671
8 years$27,036$24,959$23,033$21,247$19,594$13,974
9 years$23,788$21,732$19,838$18,098$16,501$11,201
10 years$21,192$19,155$17,295$15,600$14,060$9,072
11 years$19,069$17,053$15,226$13,577$12,092$7,406
12 years$17,301$15,306$13,513$11,909$10,478$6,085
13 years$15,807$13,832$12,073$10,514$9,137$5,024
14 years$14,527$12,573$10,848$9,333$8,010$4,165
15 years$13,418$11,485$9,794$8,323$7,052$3,465
16 years$12,449$10,538$8,880$7,453$6,233$2,890
17 years$11,595$9,705$8,080$6,696$5,527$2,415
18 years$10,837$8,968$7,376$6,035$4,914$2,023
19 years$10,159$8,311$6,752$5,453$4,380$1,696
20 years$9,550$7,723$6,197$4,938$3,912$1,424
21 years$9,000$7,194$5,700$4,482$3,501$1,197
22 years$8,500$6,715$5,254$4,075$3,138$1,008
23 years$8,045$6,281$4,851$3,711$2,817$848
24 years$7,628$5,884$4,486$3,385$2,532$715
25 years$7,245$5,522$4,155$3,091$2,278$602
26 years$6,892$5,190$3,854$2,827$2,052$508
27 years$6,565$4,884$3,578$2,587$1,850$429
28 years$6,263$4,603$3,327$2,370$1,670$362
29 years$5,982$4,342$3,096$2,174$1,508$305
30 years$5,720$4,101$2,883$1,995$1,362$258
31 years$5,475$3,876$2,688$1,832$1,232$218
32 years$5,247$3,668$2,508$1,684$1,114$184
33 years$5,032$3,474$2,342$1,548$1,008$155
34 years$4,831$3,292$2,188$1,425$913$131
35 years$4,641$3,123$2,046$1,312$827$111
36 years$4,463$2,964$1,914$1,208$749$94
37 years$4,294$2,815$1,791$1,113$679$79
38 years$4,135$2,675$1,677$1,026$616$67
39 years$3,985$2,544$1,572$946$558$57
40 years$3,842$2,420$1,473$872$506$48
41 years$3,706$2,304$1,381$805$459$40
42 years$3,578$2,194$1,296$743$417$34
43 years$3,455$2,090$1,216$686$378$29
44 years$3,339$1,993$1,141$633$343$24
45 years$3,228$1,900$1,072$585$312$21
46 years$3,122$1,813$1,006$540$283$17
47 years$3,021$1,730$946$499$257$15
48 years$2,924$1,651$889$461$233$12
49 years$2,832$1,577$835$426$212$11
50 years$2,744$1,506$785$394$193$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,810,000, adding $2,697 every year, while hoping to spend $53,105 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: 72/19/9 Blend
58$2,810,000$2,810,000$2,810,000$2,810,000
59$3,099,402$2,950,472$2,906,917$3,317,396
60$3,359,038$3,038,542$2,947,795$3,549,842
61$3,643,376$3,129,147$2,988,263$3,797,423
62$3,954,882$3,222,356$3,028,251$4,067,038
63$4,296,267$3,318,239$3,067,685$4,360,847
64$4,670,520$3,416,866$3,106,486$4,681,229
65$5,080,932$3,518,312$3,144,572$5,030,800
66$5,531,127$3,622,649$3,181,856$5,412,445
67$6,025,098$3,729,956$3,218,244$5,829,338
68$6,567,244$3,840,309$3,253,641$6,284,974
69$7,162,407$3,953,788$3,287,942$6,783,203
70$7,815,923$4,070,475$3,321,039$7,328,267
71$8,533,671$4,190,452$3,352,818$7,924,834
72$9,322,127$4,313,805$3,383,158$8,578,048
73$10,188,422$4,440,619$3,411,932$9,293,574
74$11,140,415$4,570,984$3,439,006$10,077,654
75$12,186,765$4,704,990$3,464,240$10,937,161
76$13,337,007$4,842,727$3,487,485$11,879,667
77$14,601,652$4,984,290$3,508,585$12,913,515
78$15,992,274$5,129,774$3,527,376$14,047,893
79$17,521,629$5,279,276$3,543,687$15,292,926
80$19,203,770$5,432,896$3,557,335$16,659,766
81$21,054,180$5,590,733$3,568,131$18,160,702
82$23,089,918$5,752,890$3,575,875$19,809,271
83$25,329,780$5,919,472$3,580,357$21,620,387
84$27,794,475$6,090,584$3,581,357$23,610,484
85$30,506,823$6,266,334$3,578,644$25,797,667
86$33,491,966$6,446,831$3,571,975$28,201,884
87$36,777,606$6,632,186$3,561,096$30,845,116
88$40,394,270$6,822,511$3,545,741$33,751,580
89$44,375,592$7,017,921$3,525,630$36,947,960
90$48,758,634$7,218,530$3,500,470$40,463,660
91$53,584,233$7,424,457$3,469,954$44,331,075
92$58,897,389$7,635,819$3,433,761$48,585,904
93$64,747,684$7,852,735$3,391,554$53,267,482
94$71,189,756$8,075,328$3,342,979$58,419,151
95$78,283,811$8,303,719$3,287,669$64,088,672
96$86,096,189$8,538,031$3,225,235$70,328,671
97$94,699,994$8,778,388$3,155,274$77,197,139
98$104,175,780$9,024,915$3,077,362$84,757,975
99$114,612,312$9,277,739$2,991,057$93,081,596
100$126,107,405$9,536,984$2,895,894$102,245,593