Can I retire at age 59 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$236,176$234,072$232,020$230,017$228,060$225,024
2 years$116,919$114,741$112,631$110,585$108,600$105,546
3 years$77,172$74,985$72,880$70,853$68,900$65,923
4 years$57,302$55,122$53,038$51,045$49,140$46,263
5 years$45,383$43,216$41,159$39,208$37,356$34,587
6 years$37,440$35,289$33,263$31,355$29,558$26,901
7 years$31,769$29,636$27,642$25,779$24,039$21,494
8 years$27,517$25,403$23,442$21,625$19,943$17,510
9 years$24,212$22,118$20,191$18,420$16,794$14,474
10 years$21,569$19,496$17,603$15,878$14,310$12,098
11 years$19,408$17,356$15,497$13,819$12,307$10,203
12 years$17,609$15,578$13,753$12,121$10,665$8,666
13 years$16,088$14,078$12,288$10,701$9,300$7,404
14 years$14,785$12,796$11,041$9,499$8,152$6,356
15 years$13,657$11,690$9,968$8,471$7,178$5,478
16 years$12,671$10,725$9,038$7,585$6,344$4,737
17 years$11,802$9,878$8,224$6,815$5,625$4,108
18 years$11,030$9,127$7,507$6,142$5,001$3,572
19 years$10,340$8,459$6,873$5,550$4,458$3,112
20 years$9,720$7,861$6,307$5,026$3,982$2,716
21 years$9,160$7,322$5,802$4,562$3,563$2,374
22 years$8,651$6,835$5,347$4,148$3,194$2,078
23 years$8,188$6,392$4,937$3,777$2,867$1,820
24 years$7,763$5,989$4,566$3,445$2,577$1,597
25 years$7,374$5,621$4,229$3,146$2,319$1,402
26 years$7,014$5,282$3,922$2,877$2,089$1,232
27 years$6,682$4,971$3,642$2,633$1,883$1,083
28 years$6,374$4,684$3,386$2,413$1,699$952
29 years$6,088$4,419$3,151$2,212$1,534$838
30 years$5,822$4,174$2,935$2,030$1,386$738
31 years$5,573$3,945$2,736$1,865$1,253$650
32 years$5,340$3,733$2,553$1,714$1,134$573
33 years$5,122$3,535$2,384$1,576$1,026$505
34 years$4,917$3,351$2,227$1,450$929$445
35 years$4,724$3,178$2,082$1,335$841$393
36 years$4,542$3,016$1,948$1,229$762$346
37 years$4,371$2,865$1,823$1,133$691$305
38 years$4,209$2,723$1,707$1,044$626$270
39 years$4,055$2,589$1,599$963$568$238
40 years$3,910$2,463$1,499$888$515$210
41 years$3,772$2,345$1,406$819$467$185
42 years$3,641$2,233$1,319$756$424$164
43 years$3,517$2,128$1,237$698$385$144
44 years$3,398$2,028$1,162$644$349$127
45 years$3,285$1,934$1,091$595$317$113
46 years$3,177$1,845$1,024$550$288$99
47 years$3,075$1,761$962$508$262$88
48 years$2,976$1,681$904$469$238$78
49 years$2,882$1,605$850$434$216$68
50 years$2,792$1,533$799$401$196$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,860,000, adding $3,727 every year, while hoping to spend $44,900 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: 63/30/7 Blend
58$2,860,000$2,860,000$2,860,000$2,860,000
59$3,155,564$3,003,984$2,959,654$3,349,940
60$3,429,659$3,103,406$3,011,030$3,579,434
61$3,730,206$3,206,195$3,062,621$3,824,294
62$4,059,856$3,312,468$3,114,388$4,090,473
63$4,421,530$3,422,348$3,166,289$4,380,033
64$4,818,443$3,535,960$3,218,276$4,695,242
65$5,254,138$3,653,435$3,270,302$5,038,599
66$5,732,516$3,774,909$3,322,313$5,412,852
67$6,257,876$3,900,523$3,374,254$5,821,024
68$6,834,953$4,030,422$3,426,065$6,266,445
69$7,468,963$4,164,758$3,477,683$6,752,779
70$8,165,653$4,303,687$3,529,041$7,284,061
71$8,931,353$4,447,371$3,580,068$7,864,732
72$9,773,037$4,595,979$3,630,687$8,499,681
73$10,698,391$4,749,686$3,680,818$9,194,293
74$11,715,878$4,908,672$3,730,377$9,954,495
75$12,834,826$5,073,125$3,779,273$10,786,815
76$14,065,510$5,243,240$3,827,410$11,698,442
77$15,419,252$5,419,219$3,874,689$12,697,293
78$16,908,527$5,601,271$3,921,002$13,792,087
79$18,547,077$5,789,614$3,966,236$14,992,425
80$20,350,047$5,984,473$4,010,273$16,308,883
81$22,334,122$6,186,082$4,052,987$17,753,111
82$24,517,685$6,394,684$4,094,245$19,337,938
83$26,920,996$6,610,530$4,133,909$21,077,498
84$29,566,372$6,833,881$4,171,830$22,987,359
85$32,478,410$7,065,008$4,207,853$25,084,670
86$35,684,207$7,304,193$4,241,816$27,388,321
87$39,213,625$7,551,728$4,273,546$29,919,124
88$43,099,568$7,807,915$4,302,863$32,700,004
89$47,378,290$8,073,069$4,329,575$35,756,218
90$52,089,743$8,347,517$4,353,483$39,115,590
91$57,277,948$8,631,597$4,374,376$42,808,775
92$62,991,414$8,925,661$4,392,033$46,869,545
93$69,283,594$9,230,074$4,406,222$51,335,110
94$76,213,389$9,545,215$4,416,699$56,246,462
95$83,845,703$9,871,479$4,423,206$61,648,770
96$92,252,057$10,209,274$4,425,477$67,591,796
97$101,511,264$10,559,025$4,423,227$74,130,370
98$111,710,168$10,921,173$4,416,160$81,324,904
99$122,944,471$11,296,176$4,403,967$89,241,960
100$135,319,629$11,684,510$4,386,321$97,954,879