Can I retire at age 59 with 2,850,000?

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 $2,850,000?

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$235,350$233,254$231,209$229,212$227,263$226,115
2 years$116,510$114,340$112,237$110,198$108,220$107,062
3 years$76,902$74,723$72,625$70,605$68,660$67,526
4 years$57,102$54,929$52,852$50,867$48,969$47,869
5 years$45,225$43,065$41,016$39,071$37,225$36,163
6 years$37,309$35,166$33,147$31,245$29,455$28,432
7 years$31,657$29,532$27,545$25,688$23,955$22,971
8 years$27,421$25,315$23,360$21,549$19,873$18,928
9 years$24,127$22,041$20,120$18,355$16,736$15,830
10 years$21,494$19,428$17,541$15,822$14,260$13,392
11 years$19,341$17,296$15,443$13,770$12,264$11,434
12 years$17,548$15,524$13,705$12,078$10,628$9,835
13 years$16,032$14,029$12,245$10,663$9,267$8,512
14 years$14,733$12,752$11,002$9,466$8,124$7,404
15 years$13,609$11,649$9,933$8,442$7,153$6,468
16 years$12,627$10,688$9,006$7,559$6,322$5,670
17 years$11,760$9,843$8,195$6,791$5,605$4,987
18 years$10,991$9,095$7,481$6,120$4,984$4,397
19 years$10,304$8,429$6,849$5,530$4,442$3,887
20 years$9,686$7,833$6,285$5,009$3,968$3,442
21 years$9,128$7,296$5,781$4,546$3,551$3,053
22 years$8,621$6,811$5,328$4,133$3,183$2,713
23 years$8,159$6,370$4,920$3,764$2,857$2,414
24 years$7,736$5,968$4,550$3,433$2,568$2,150
25 years$7,348$5,601$4,214$3,135$2,311$1,917
26 years$6,990$5,264$3,908$2,867$2,082$1,711
27 years$6,659$4,954$3,629$2,624$1,877$1,528
28 years$6,352$4,668$3,374$2,404$1,693$1,366
29 years$6,067$4,404$3,140$2,205$1,529$1,222
30 years$5,801$4,159$2,925$2,023$1,382$1,093
31 years$5,553$3,932$2,726$1,858$1,249$979
32 years$5,321$3,720$2,544$1,708$1,130$877
33 years$5,104$3,523$2,375$1,570$1,023$786
34 years$4,900$3,339$2,219$1,445$926$705
35 years$4,708$3,167$2,075$1,330$839$632
36 years$4,526$3,006$1,941$1,225$760$567
37 years$4,356$2,855$1,817$1,129$689$509
38 years$4,194$2,713$1,701$1,040$624$456
39 years$4,041$2,580$1,594$959$566$410
40 years$3,896$2,455$1,494$885$513$368
41 years$3,759$2,337$1,401$816$466$330
42 years$3,628$2,225$1,314$753$423$297
43 years$3,504$2,120$1,233$695$384$266
44 years$3,386$2,021$1,157$642$348$239
45 years$3,274$1,927$1,087$593$316$215
46 years$3,166$1,839$1,021$548$287$193
47 years$3,064$1,755$959$506$261$174
48 years$2,966$1,675$901$468$237$156
49 years$2,872$1,599$847$432$215$140
50 years$2,783$1,528$796$399$195$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,850,000, adding $2,806 every year, while hoping to spend $40,153 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: 53/19/28 Blend
58$2,850,000$2,850,000$2,850,000$2,850,000
59$3,143,594$2,992,544$2,948,369$3,285,480
60$3,421,519$3,096,457$3,004,417$3,488,053
61$3,726,445$3,204,115$3,060,997$3,704,077
62$4,061,086$3,315,660$3,118,084$3,938,380
63$4,428,429$3,431,239$3,175,652$4,192,730
64$4,831,763$3,551,004$3,233,671$4,469,069
65$5,274,714$3,675,115$3,292,110$4,769,537
66$5,761,275$3,803,735$3,350,935$5,096,490
67$6,295,844$3,937,037$3,410,110$5,452,521
68$6,883,266$4,075,199$3,469,596$5,840,483
69$7,528,882$4,218,405$3,529,349$6,263,521
70$8,238,570$4,366,850$3,589,325$6,725,094
71$9,018,812$4,520,734$3,649,476$7,229,012
72$9,876,746$4,680,264$3,709,748$7,779,472
73$10,820,237$4,845,660$3,770,087$8,381,095
74$11,857,949$5,017,145$3,830,433$9,038,970
75$12,999,431$5,194,956$3,890,723$9,758,701
76$14,255,201$5,379,337$3,950,891$10,546,462
77$15,636,849$5,570,542$4,010,863$11,409,052
78$17,157,145$5,768,836$4,070,564$12,353,960
79$18,830,159$5,974,495$4,129,914$13,389,437
80$20,671,395$6,187,805$4,188,826$14,524,568
81$22,697,935$6,409,065$4,247,209$15,769,365
82$24,928,600$6,638,585$4,304,966$17,134,855
83$27,384,131$6,876,689$4,361,996$18,633,186
84$30,087,380$7,123,714$4,418,190$20,277,741
85$33,063,527$7,380,010$4,473,434$22,083,264
86$36,340,319$7,645,943$4,527,606$24,065,999
87$39,948,329$7,921,892$4,580,579$26,243,842
88$43,921,248$8,208,254$4,632,217$28,636,509
89$48,296,197$8,505,440$4,682,379$31,265,723
90$53,114,083$8,813,881$4,730,912$34,155,418
91$58,419,981$9,134,022$4,777,659$37,331,964
92$64,263,561$9,466,331$4,822,453$40,824,416
93$70,699,555$9,811,293$4,865,116$44,664,787
94$77,788,276$10,169,412$4,905,463$48,888,350
95$85,596,183$10,541,217$4,943,300$53,533,971
96$94,196,512$10,927,255$4,978,419$58,644,473
97$103,669,965$11,328,099$5,010,604$64,267,043
98$114,105,470$11,744,344$5,039,628$70,453,674
99$125,601,023$12,176,613$5,065,251$77,261,655
100$138,264,612$12,625,551$5,087,222$84,754,115