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

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$237,002$234,891$232,831$230,821$228,858$220,038
2 years$117,328$115,143$113,025$110,972$108,980$100,200
3 years$77,441$75,247$73,135$71,101$69,141$60,677
4 years$57,502$55,314$53,223$51,224$49,312$41,227
5 years$45,542$43,367$41,303$39,345$37,486$29,802
6 years$37,571$35,413$33,379$31,464$29,662$22,383
7 years$31,880$29,739$27,738$25,869$24,123$17,248
8 years$27,613$25,492$23,524$21,701$20,012$13,535
9 years$24,296$22,196$20,261$18,484$16,853$10,763
10 years$21,645$19,564$17,664$15,933$14,360$8,646
11 years$19,476$17,417$15,551$13,867$12,350$6,999
12 years$17,671$15,632$13,802$12,163$10,702$5,700
13 years$16,144$14,127$12,331$10,738$9,332$4,665
14 years$14,837$12,841$11,079$9,532$8,181$3,833
15 years$13,705$11,731$10,003$8,501$7,203$3,159
16 years$12,715$10,763$9,069$7,612$6,366$2,610
17 years$11,843$9,912$8,253$6,839$5,645$2,160
18 years$11,068$9,159$7,534$6,163$5,019$1,792
19 years$10,376$8,489$6,897$5,569$4,473$1,488
20 years$9,754$7,888$6,329$5,044$3,996$1,237
21 years$9,192$7,347$5,822$4,578$3,576$1,030
22 years$8,682$6,859$5,366$4,162$3,205$857
23 years$8,216$6,415$4,954$3,791$2,877$715
24 years$7,791$6,010$4,582$3,457$2,586$596
25 years$7,399$5,640$4,244$3,157$2,327$497
26 years$7,039$5,301$3,936$2,887$2,096$415
27 years$6,706$4,989$3,655$2,642$1,890$346
28 years$6,397$4,701$3,398$2,421$1,705$289
29 years$6,110$4,435$3,162$2,220$1,540$242
30 years$5,842$4,188$2,945$2,038$1,391$202
31 years$5,592$3,959$2,746$1,871$1,258$169
32 years$5,359$3,746$2,562$1,720$1,138$141
33 years$5,140$3,548$2,392$1,581$1,030$118
34 years$4,934$3,362$2,235$1,455$932$98
35 years$4,741$3,189$2,089$1,340$844$82
36 years$4,558$3,027$1,955$1,234$765$69
37 years$4,386$2,875$1,829$1,137$693$57
38 years$4,224$2,732$1,713$1,048$629$48
39 years$4,070$2,598$1,605$966$570$40
40 years$3,924$2,472$1,504$891$517$34
41 years$3,785$2,353$1,411$822$469$28
42 years$3,654$2,241$1,323$759$426$23
43 years$3,529$2,135$1,242$700$386$20
44 years$3,410$2,035$1,166$647$351$16
45 years$3,297$1,941$1,094$597$318$14
46 years$3,188$1,851$1,028$552$289$11
47 years$3,085$1,767$966$510$262$10
48 years$2,987$1,687$907$471$238$8
49 years$2,892$1,611$853$435$216$7
50 years$2,802$1,539$802$402$197$6

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 $2,492 every year, while hoping to spend $28,703 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: 56/22/22 Blend
58$2,870,000$2,870,000$2,870,000$2,870,000
59$3,165,310$3,013,200$2,968,715$3,323,566
60$3,457,632$3,130,308$3,037,628$3,549,151
61$3,778,809$3,252,191$3,107,886$3,791,531
62$4,131,754$3,379,054$3,179,507$4,054,976
63$4,519,675$3,511,110$3,252,502$4,341,520
64$4,946,108$3,648,581$3,326,888$4,653,399
65$5,414,949$3,791,699$3,402,676$4,993,072
66$5,930,488$3,940,706$3,479,880$5,363,248
67$6,497,453$4,095,856$3,558,511$5,766,905
68$7,121,053$4,257,413$3,638,581$6,207,320
69$7,807,028$4,425,654$3,720,101$6,688,104
70$8,561,700$4,600,866$3,803,080$7,213,225
71$9,392,037$4,783,353$3,887,527$7,787,056
72$10,305,715$4,973,427$3,973,449$8,414,409
73$11,311,193$5,171,420$4,060,855$9,100,580
74$12,417,790$5,377,675$4,149,748$9,851,403
75$13,635,774$5,592,551$4,240,135$10,673,298
76$14,976,461$5,816,424$4,332,018$11,573,335
77$16,452,319$6,049,687$4,425,398$12,559,299
78$18,077,083$6,292,750$4,520,277$13,639,763
79$19,865,893$6,546,041$4,616,654$14,824,167
80$21,835,426$6,810,010$4,714,524$16,122,908
81$24,004,064$7,085,125$4,813,885$17,547,435
82$26,392,057$7,371,875$4,914,729$19,110,358
83$29,021,723$7,670,772$5,017,048$20,825,564
84$31,917,651$7,982,352$5,120,831$22,708,350
85$35,106,939$8,307,175$5,226,067$24,775,566
86$38,619,445$8,645,825$5,332,738$27,045,769
87$42,488,072$8,998,914$5,440,829$29,539,401
88$46,749,077$9,367,082$5,550,318$32,278,979
89$51,442,411$9,750,998$5,661,182$35,289,310
90$56,612,101$10,151,361$5,773,396$38,597,717
91$62,306,661$10,568,903$5,886,930$42,234,301
92$68,579,549$11,004,387$6,001,750$46,232,223
93$75,489,676$11,458,616$6,117,822$50,628,014
94$83,101,959$11,932,424$6,235,106$55,461,920
95$91,487,934$12,426,688$6,353,557$60,778,279
96$100,726,430$12,942,322$6,473,128$66,625,939
97$110,904,314$13,480,285$6,593,766$73,058,717
98$122,117,312$14,041,576$6,715,415$80,135,904
99$134,470,909$14,627,245$6,838,013$87,922,827
100$148,081,349$15,238,387$6,961,493$96,491,460