Can I retire at age 59 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$232,873$230,799$228,775$226,800$224,871$216,978
2 years$115,284$113,137$111,056$109,038$107,081$99,213
3 years$76,092$73,936$71,860$69,862$67,937$60,339
4 years$56,501$54,351$52,296$50,332$48,453$41,185
5 years$44,748$42,612$40,584$38,659$36,833$29,913
6 years$36,916$34,796$32,798$30,916$29,145$22,578
7 years$31,324$29,221$27,255$25,418$23,703$17,488
8 years$27,132$25,048$23,114$21,323$19,664$13,796
9 years$23,873$21,809$19,909$18,162$16,560$11,032
10 years$21,267$19,223$17,357$15,656$14,110$8,912
11 years$19,137$17,113$15,281$13,625$12,135$7,257
12 years$17,363$15,360$13,561$11,951$10,516$5,946
13 years$15,863$13,881$12,116$10,551$9,170$4,896
14 years$14,578$12,618$10,886$9,366$8,038$4,048
15 years$13,466$11,526$9,829$8,353$7,078$3,358
16 years$12,494$10,575$8,911$7,479$6,255$2,792
17 years$11,637$9,739$8,109$6,720$5,546$2,327
18 years$10,876$9,000$7,402$6,056$4,931$1,943
19 years$10,196$8,341$6,777$5,472$4,396$1,625
20 years$9,584$7,751$6,219$4,956$3,926$1,360
21 years$9,032$7,219$5,720$4,498$3,513$1,140
22 years$8,530$6,739$5,272$4,090$3,149$956
23 years$8,073$6,303$4,868$3,725$2,827$802
24 years$7,655$5,905$4,502$3,397$2,541$674
25 years$7,270$5,542$4,170$3,102$2,287$566
26 years$6,916$5,209$3,867$2,837$2,060$476
27 years$6,589$4,902$3,591$2,596$1,857$400
28 years$6,285$4,619$3,338$2,379$1,676$337
29 years$6,003$4,357$3,107$2,181$1,513$283
30 years$5,740$4,115$2,894$2,002$1,367$238
31 years$5,495$3,890$2,698$1,839$1,236$201
32 years$5,265$3,681$2,517$1,690$1,118$169
33 years$5,050$3,486$2,350$1,554$1,012$142
34 years$4,848$3,304$2,196$1,430$916$120
35 years$4,658$3,134$2,053$1,316$830$101
36 years$4,479$2,974$1,921$1,212$752$85
37 years$4,310$2,825$1,798$1,117$681$72
38 years$4,150$2,685$1,683$1,029$618$60
39 years$3,999$2,553$1,577$949$560$51
40 years$3,855$2,429$1,478$875$508$43
41 years$3,719$2,312$1,386$808$461$36
42 years$3,590$2,202$1,300$745$418$30
43 years$3,467$2,098$1,220$688$380$26
44 years$3,351$2,000$1,145$635$345$22
45 years$3,239$1,907$1,075$587$313$18
46 years$3,133$1,819$1,010$542$284$15
47 years$3,032$1,736$949$501$258$13
48 years$2,935$1,657$892$463$234$11
49 years$2,842$1,583$838$428$213$9
50 years$2,753$1,512$788$395$193$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,820,000, adding $2,751 every year, while hoping to spend $24,731 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: 33/45/22 Blend
58$2,820,000$2,820,000$2,820,000$2,820,000
59$3,110,478$2,961,018$2,917,308$3,192,034
60$3,401,433$3,079,794$2,988,724$3,371,988
61$3,721,236$3,203,561$3,061,704$3,563,358
62$4,072,805$3,332,538$3,136,273$3,769,102
63$4,459,352$3,466,953$3,212,459$3,990,502
64$4,884,417$3,607,045$3,290,287$4,228,964
65$5,351,900$3,753,063$3,369,785$4,486,031
66$5,866,098$3,905,268$3,450,977$4,763,395
67$6,431,746$4,063,932$3,533,891$5,062,911
68$7,054,061$4,229,341$3,618,553$5,386,618
69$7,738,789$4,401,793$3,704,988$5,736,752
70$8,492,264$4,581,599$3,793,224$6,115,769
71$9,321,463$4,769,085$3,883,285$6,526,367
72$10,234,075$4,964,593$3,975,197$6,971,508
73$11,238,570$5,168,477$4,068,986$7,454,447
74$12,344,283$5,381,112$4,164,676$7,978,761
75$13,561,499$5,602,886$4,262,292$8,548,378
76$14,901,552$5,834,207$4,361,859$9,167,618
77$16,376,929$6,075,501$4,463,399$9,841,230
78$18,001,389$6,327,215$4,566,937$10,574,432
79$19,790,096$6,589,814$4,672,495$11,372,965
80$21,759,757$6,863,786$4,780,094$12,243,140
81$23,928,783$7,149,641$4,889,757$13,191,897
82$26,317,458$7,447,914$5,001,504$14,226,871
83$28,948,139$7,759,162$5,115,355$15,356,458
84$31,845,458$8,083,969$5,231,328$16,589,898
85$35,036,559$8,422,948$5,349,441$17,937,354
86$38,551,352$8,776,736$5,469,712$19,410,009
87$42,422,797$9,146,004$5,592,155$21,020,169
88$46,687,215$9,531,451$5,716,785$22,781,375
89$51,384,629$9,933,809$5,843,614$24,708,532
90$56,559,141$10,353,846$5,972,655$26,818,041
91$62,259,351$10,792,362$6,103,917$29,127,959
92$68,538,815$11,250,198$6,237,409$31,658,159
93$75,456,549$11,728,232$6,373,136$34,430,519
94$83,077,584$12,227,383$6,511,103$37,469,125
95$91,473,586$12,748,613$6,651,314$40,800,491
96$100,723,526$13,292,929$6,793,767$44,453,813
97$110,914,428$13,861,385$6,938,460$48,461,234
98$122,142,190$14,455,084$7,085,390$52,858,150
99$134,512,491$15,075,181$7,234,548$57,683,535
100$148,141,785$15,722,884$7,385,925$62,980,306