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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$236,176$234,072$232,020$230,017$228,060$221,559
2 years$116,919$114,741$112,631$110,585$108,600$102,101
3 years$77,172$74,985$72,880$70,853$68,900$62,607
4 years$57,302$55,122$53,038$51,045$49,140$43,101
5 years$45,383$43,216$41,159$39,208$37,356$31,586
6 years$37,440$35,289$33,263$31,355$29,558$24,065
7 years$31,769$29,636$27,642$25,779$24,039$18,821
8 years$27,517$25,403$23,442$21,625$19,943$14,997
9 years$24,212$22,118$20,191$18,420$16,794$12,117
10 years$21,569$19,496$17,603$15,878$14,310$9,894
11 years$19,408$17,356$15,497$13,819$12,307$8,146
12 years$17,609$15,578$13,753$12,121$10,665$6,750
13 years$16,088$14,078$12,288$10,701$9,300$5,623
14 years$14,785$12,796$11,041$9,499$8,152$4,704
15 years$13,657$11,690$9,968$8,471$7,178$3,949
16 years$12,671$10,725$9,038$7,585$6,344$3,324
17 years$11,802$9,878$8,224$6,815$5,625$2,805
18 years$11,030$9,127$7,507$6,142$5,001$2,372
19 years$10,340$8,459$6,873$5,550$4,458$2,009
20 years$9,720$7,861$6,307$5,026$3,982$1,704
21 years$9,160$7,322$5,802$4,562$3,563$1,447
22 years$8,651$6,835$5,347$4,148$3,194$1,230
23 years$8,188$6,392$4,937$3,777$2,867$1,046
24 years$7,763$5,989$4,566$3,445$2,577$890
25 years$7,374$5,621$4,229$3,146$2,319$758
26 years$7,014$5,282$3,922$2,877$2,089$646
27 years$6,682$4,971$3,642$2,633$1,883$551
28 years$6,374$4,684$3,386$2,413$1,699$470
29 years$6,088$4,419$3,151$2,212$1,534$401
30 years$5,822$4,174$2,935$2,030$1,386$342
31 years$5,573$3,945$2,736$1,865$1,253$292
32 years$5,340$3,733$2,553$1,714$1,134$249
33 years$5,122$3,535$2,384$1,576$1,026$213
34 years$4,917$3,351$2,227$1,450$929$182
35 years$4,724$3,178$2,082$1,335$841$155
36 years$4,542$3,016$1,948$1,229$762$133
37 years$4,371$2,865$1,823$1,133$691$113
38 years$4,209$2,723$1,707$1,044$626$97
39 years$4,055$2,589$1,599$963$568$83
40 years$3,910$2,463$1,499$888$515$71
41 years$3,772$2,345$1,406$819$467$60
42 years$3,641$2,233$1,319$756$424$52
43 years$3,517$2,128$1,237$698$385$44
44 years$3,398$2,028$1,162$644$349$38
45 years$3,285$1,934$1,091$595$317$32
46 years$3,177$1,845$1,024$550$288$28
47 years$3,075$1,761$962$508$262$24
48 years$2,976$1,681$904$469$238$20
49 years$2,882$1,605$850$434$216$17
50 years$2,792$1,533$799$401$196$15

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 $4,162 every year, while hoping to spend $30,161 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: 82/9/9 Blend
58$2,860,000$2,860,000$2,860,000$2,860,000
59$3,156,013$3,004,433$2,960,103$3,410,491
60$3,445,835$3,119,559$3,027,175$3,692,807
61$3,764,209$3,239,316$3,095,484$3,998,254
62$4,114,013$3,363,898$3,165,038$4,332,678
63$4,498,422$3,493,508$3,235,847$4,698,966
64$4,920,932$3,628,361$3,307,918$5,100,299
65$5,385,393$3,768,676$3,381,259$5,540,178
66$5,896,048$3,914,687$3,455,877$6,022,459
67$6,457,573$4,066,634$3,531,777$6,551,392
68$7,075,118$4,224,772$3,608,963$7,131,653
69$7,754,356$4,389,362$3,687,440$7,768,397
70$8,501,541$4,560,681$3,767,209$8,467,298
71$9,323,559$4,739,016$3,848,272$9,234,609
72$10,228,002$4,924,667$3,930,629$10,077,217
73$11,223,232$5,117,949$4,014,278$11,002,708
74$12,318,462$5,319,189$4,099,217$12,019,439
75$13,523,844$5,528,729$4,185,440$13,136,616
76$14,850,567$5,746,927$4,272,943$14,364,381
77$16,310,954$5,974,156$4,361,716$15,713,907
78$17,918,589$6,210,806$4,451,751$17,197,503
79$19,688,435$6,457,287$4,543,035$18,828,729
80$21,636,984$6,714,022$4,635,555$20,622,525
81$23,782,405$6,981,457$4,729,294$22,595,352
82$26,144,720$7,260,059$4,824,236$24,765,345
83$28,745,991$7,550,311$4,920,357$27,152,483
84$31,610,529$7,852,723$5,017,636$29,778,781
85$34,765,122$8,167,826$5,116,046$32,668,494
86$38,239,288$8,496,173$5,215,557$35,848,345
87$42,065,556$8,838,345$5,316,138$39,347,779
88$46,279,767$9,194,949$5,417,753$43,199,240
89$50,921,418$9,566,617$5,520,363$47,438,475
90$56,034,034$9,954,011$5,623,926$52,104,872
91$61,665,572$10,357,825$5,728,395$57,241,830
92$67,868,884$10,778,782$5,833,720$62,897,171
93$74,702,207$11,217,639$5,939,846$69,123,587
94$82,229,715$11,675,187$6,046,714$75,979,138
95$90,522,128$12,152,253$6,154,261$83,527,801
96$99,657,374$12,649,702$6,262,417$91,840,072
97$109,721,327$13,168,438$6,371,109$100,993,628
98$120,808,619$13,709,408$6,480,258$111,074,064
99$133,023,530$14,273,601$6,589,779$122,175,697
100$146,480,973$14,862,051$6,699,579$134,402,459