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%13.4%
1 years$235,350$233,254$231,209$229,212$227,263$224,052
2 years$116,510$114,340$112,237$110,198$108,220$104,991
3 years$76,902$74,723$72,625$70,605$68,660$65,513
4 years$57,102$54,929$52,852$50,867$48,969$45,929
5 years$45,225$43,065$41,016$39,071$37,225$34,301
6 years$37,309$35,166$33,147$31,245$29,455$26,650
7 years$31,657$29,532$27,545$25,688$23,955$21,270
8 years$27,421$25,315$23,360$21,549$19,873$17,308
9 years$24,127$22,041$20,120$18,355$16,736$14,289
10 years$21,494$19,428$17,541$15,822$14,260$11,930
11 years$19,341$17,296$15,443$13,770$12,264$10,048
12 years$17,548$15,524$13,705$12,078$10,628$8,524
13 years$16,032$14,029$12,245$10,663$9,267$7,273
14 years$14,733$12,752$11,002$9,466$8,124$6,235
15 years$13,609$11,649$9,933$8,442$7,153$5,366
16 years$12,627$10,688$9,006$7,559$6,322$4,634
17 years$11,760$9,843$8,195$6,791$5,605$4,013
18 years$10,991$9,095$7,481$6,120$4,984$3,484
19 years$10,304$8,429$6,849$5,530$4,442$3,031
20 years$9,686$7,833$6,285$5,009$3,968$2,641
21 years$9,128$7,296$5,781$4,546$3,551$2,305
22 years$8,621$6,811$5,328$4,133$3,183$2,015
23 years$8,159$6,370$4,920$3,764$2,857$1,762
24 years$7,736$5,968$4,550$3,433$2,568$1,544
25 years$7,348$5,601$4,214$3,135$2,311$1,353
26 years$6,990$5,264$3,908$2,867$2,082$1,187
27 years$6,659$4,954$3,629$2,624$1,877$1,042
28 years$6,352$4,668$3,374$2,404$1,693$915
29 years$6,067$4,404$3,140$2,205$1,529$804
30 years$5,801$4,159$2,925$2,023$1,382$707
31 years$5,553$3,932$2,726$1,858$1,249$621
32 years$5,321$3,720$2,544$1,708$1,130$547
33 years$5,104$3,523$2,375$1,570$1,023$481
34 years$4,900$3,339$2,219$1,445$926$423
35 years$4,708$3,167$2,075$1,330$839$373
36 years$4,526$3,006$1,941$1,225$760$328
37 years$4,356$2,855$1,817$1,129$689$289
38 years$4,194$2,713$1,701$1,040$624$255
39 years$4,041$2,580$1,594$959$566$224
40 years$3,896$2,455$1,494$885$513$198
41 years$3,759$2,337$1,401$816$466$174
42 years$3,628$2,225$1,314$753$423$153
43 years$3,504$2,120$1,233$695$384$135
44 years$3,386$2,021$1,157$642$348$119
45 years$3,274$1,927$1,087$593$316$105
46 years$3,166$1,839$1,021$548$287$93
47 years$3,064$1,755$959$506$261$82
48 years$2,966$1,675$901$468$237$72
49 years$2,872$1,599$847$432$215$63
50 years$2,783$1,528$796$399$195$56

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 $4,047 every year, while hoping to spend $39,764 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: 37/41/22 Blend
58$2,850,000$2,850,000$2,850,000$2,850,000
59$3,144,874$2,993,824$2,949,649$3,240,295
60$3,423,343$3,098,213$3,006,154$3,414,612
61$3,728,883$3,206,384$3,063,219$3,598,778
62$4,064,213$3,318,481$3,120,821$3,796,904
63$4,432,329$3,434,653$3,178,934$4,010,269
64$4,836,529$3,555,054$3,237,532$4,240,280
65$5,280,450$3,679,846$3,296,584$4,488,481
66$5,768,094$3,809,197$3,356,058$4,756,570
67$6,303,873$3,943,281$3,415,919$5,046,411
68$6,892,645$4,082,279$3,476,129$5,360,057
69$7,539,764$4,226,379$3,536,648$5,699,761
70$8,251,127$4,375,779$3,597,434$6,068,003
71$9,033,232$4,530,683$3,658,438$6,467,510
72$9,893,237$4,691,301$3,719,611$6,901,280
73$10,839,029$4,857,857$3,780,899$7,372,613
74$11,879,297$5,030,579$3,842,247$7,885,136
75$13,023,615$5,209,708$3,903,592$8,442,844
76$14,282,532$5,395,491$3,964,870$9,050,130
77$15,667,669$5,588,189$4,026,012$9,711,827
78$17,191,832$5,788,071$4,086,944$10,433,258
79$18,869,131$5,995,418$4,147,589$11,220,279
80$20,715,111$6,210,523$4,207,862$12,079,334
81$22,746,904$6,433,690$4,267,677$13,017,521
82$24,983,383$6,665,235$4,326,939$14,042,649
83$27,445,346$6,905,490$4,385,549$15,163,319
84$30,155,710$7,154,798$4,443,404$16,388,999
85$33,139,725$7,413,516$4,500,391$17,730,114
86$36,425,216$7,682,017$4,556,393$19,198,142
87$40,042,843$7,960,690$4,611,287$20,805,723
88$44,026,388$8,249,939$4,664,940$22,566,777
89$48,413,079$8,550,186$4,717,215$24,496,632
90$53,243,936$8,861,868$4,767,965$26,612,170
91$58,564,162$9,185,444$4,817,036$28,931,983
92$64,423,565$9,521,389$4,864,265$31,476,548
93$70,877,031$9,870,200$4,909,480$34,268,420
94$77,985,042$10,232,394$4,952,502$37,332,440
95$85,814,245$10,608,510$4,993,140$40,695,972
96$94,438,081$10,999,109$5,031,193$44,389,157
97$103,937,478$11,404,778$5,066,450$48,445,197
98$114,401,614$11,826,126$5,098,690$52,900,666
99$125,928,762$12,263,789$5,127,679$57,795,853
100$138,627,211$12,718,430$5,153,171$63,175,143