Can I retire at age 59 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$237,002$234,891$232,831$230,821$228,858$227,225
2 years$117,328$115,143$113,025$110,972$108,980$107,334
3 years$77,441$75,247$73,135$71,101$69,141$67,532
4 years$57,502$55,314$53,223$51,224$49,312$47,753
5 years$45,542$43,367$41,303$39,345$37,486$35,981
6 years$37,571$35,413$33,379$31,464$29,662$28,213
7 years$31,880$29,739$27,738$25,869$24,123$22,731
8 years$27,613$25,492$23,524$21,701$20,012$18,677
9 years$24,296$22,196$20,261$18,484$16,853$15,575
10 years$21,645$19,564$17,664$15,933$14,360$13,137
11 years$19,476$17,417$15,551$13,867$12,350$11,182
12 years$17,671$15,632$13,802$12,163$10,702$9,589
13 years$16,144$14,127$12,331$10,738$9,332$8,272
14 years$14,837$12,841$11,079$9,532$8,181$7,172
15 years$13,705$11,731$10,003$8,501$7,203$6,244
16 years$12,715$10,763$9,069$7,612$6,366$5,456
17 years$11,843$9,912$8,253$6,839$5,645$4,782
18 years$11,068$9,159$7,534$6,163$5,019$4,202
19 years$10,376$8,489$6,897$5,569$4,473$3,700
20 years$9,754$7,888$6,329$5,044$3,996$3,265
21 years$9,192$7,347$5,822$4,578$3,576$2,886
22 years$8,682$6,859$5,366$4,162$3,205$2,555
23 years$8,216$6,415$4,954$3,791$2,877$2,264
24 years$7,791$6,010$4,582$3,457$2,586$2,009
25 years$7,399$5,640$4,244$3,157$2,327$1,785
26 years$7,039$5,301$3,936$2,887$2,096$1,586
27 years$6,706$4,989$3,655$2,642$1,890$1,411
28 years$6,397$4,701$3,398$2,421$1,705$1,257
29 years$6,110$4,435$3,162$2,220$1,540$1,119
30 years$5,842$4,188$2,945$2,038$1,391$998
31 years$5,592$3,959$2,746$1,871$1,258$890
32 years$5,359$3,746$2,562$1,720$1,138$794
33 years$5,140$3,548$2,392$1,581$1,030$708
34 years$4,934$3,362$2,235$1,455$932$632
35 years$4,741$3,189$2,089$1,340$844$565
36 years$4,558$3,027$1,955$1,234$765$505
37 years$4,386$2,875$1,829$1,137$693$451
38 years$4,224$2,732$1,713$1,048$629$403
39 years$4,070$2,598$1,605$966$570$360
40 years$3,924$2,472$1,504$891$517$322
41 years$3,785$2,353$1,411$822$469$288
42 years$3,654$2,241$1,323$759$426$257
43 years$3,529$2,135$1,242$700$386$230
44 years$3,410$2,035$1,166$647$351$206
45 years$3,297$1,941$1,094$597$318$184
46 years$3,188$1,851$1,028$552$289$165
47 years$3,085$1,767$966$510$262$147
48 years$2,987$1,687$907$471$238$132
49 years$2,892$1,611$853$435$216$118
50 years$2,802$1,539$802$402$197$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,870,000, adding $3,119 every year, while hoping to spend $35,941 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: 85/6/9 Blend
58$2,870,000$2,870,000$2,870,000$2,870,000
59$3,165,957$3,013,847$2,969,362$3,431,141
60$3,450,644$3,123,285$3,030,595$3,714,232
61$3,763,164$3,236,880$3,092,674$4,020,005
62$4,106,319$3,354,799$3,155,591$4,354,827
63$4,483,194$3,477,215$3,219,333$4,721,598
64$4,897,187$3,604,306$3,283,889$5,123,513
65$5,352,045$3,736,262$3,349,244$5,564,088
66$5,851,892$3,873,277$3,415,382$6,047,200
67$6,401,271$4,015,554$3,482,284$6,577,117
68$7,005,191$4,163,307$3,549,931$7,158,539
69$7,669,167$4,316,755$3,618,300$7,796,646
70$8,399,276$4,476,130$3,687,367$8,497,142
71$9,202,214$4,641,672$3,757,105$9,266,312
72$10,085,357$4,813,631$3,827,485$10,111,078
73$11,056,833$4,992,268$3,898,475$11,039,068
74$12,125,596$5,177,856$3,970,041$12,058,683
75$13,301,514$5,370,678$4,042,144$13,179,181
76$14,595,457$5,571,030$4,114,745$14,410,758
77$16,019,404$5,779,221$4,187,799$15,764,651
78$17,586,553$5,995,572$4,261,260$17,253,239
79$19,311,446$6,220,419$4,335,076$18,890,159
80$21,210,106$6,454,113$4,409,194$20,690,438
81$23,300,190$6,697,017$4,483,555$22,670,632
82$25,601,152$6,949,514$4,558,097$24,848,983
83$28,134,429$7,211,999$4,632,752$27,245,589
84$30,923,642$7,484,888$4,707,451$29,882,596
85$33,994,818$7,768,613$4,782,116$32,784,405
86$37,376,640$8,063,625$4,856,666$35,977,902
87$41,100,709$8,370,394$4,931,016$39,492,711
88$45,201,850$8,689,412$5,005,074$43,361,475
89$49,718,436$9,021,192$5,078,742$47,620,162
90$54,692,754$9,366,267$5,151,917$52,308,405
91$60,171,398$9,725,197$5,224,489$57,469,875
92$66,205,713$10,098,564$5,296,342$63,152,693
93$72,852,278$10,486,976$5,367,352$69,409,883
94$80,173,440$10,891,068$5,437,388$76,299,875
95$88,237,904$11,311,503$5,506,314$83,887,051
96$97,121,376$11,748,972$5,573,981$92,242,358
97$106,907,283$12,204,199$5,640,236$101,443,973
98$117,687,558$12,677,937$5,704,916$111,578,042
99$129,563,506$13,170,973$5,767,848$122,739,491
100$142,646,764$13,684,131$5,828,851$135,032,924