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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$165,158$163,687$162,252$160,851$159,483$156,008
2 years$81,761$80,239$78,763$77,332$75,944$72,461
3 years$53,966$52,437$50,965$49,547$48,182$44,799
4 years$40,071$38,547$37,089$35,696$34,364$31,107
5 years$31,737$30,221$28,783$27,418$26,123$23,001
6 years$26,182$24,678$23,261$21,926$20,670$17,687
7 years$22,216$20,724$19,330$18,027$16,810$13,967
8 years$19,243$17,765$16,393$15,122$13,946$11,241
9 years$16,931$15,467$14,120$12,881$11,744$9,176
10 years$15,083$13,634$12,310$11,103$10,007$7,572
11 years$13,572$12,137$10,837$9,663$8,606$6,302
12 years$12,314$10,894$9,618$8,476$7,458$5,281
13 years$11,250$9,845$8,593$7,483$6,503$4,449
14 years$10,339$8,949$7,721$6,643$5,701$3,766
15 years$9,550$8,175$6,971$5,924$5,020$3,199
16 years$8,861$7,500$6,320$5,304$4,436$2,726
17 years$8,253$6,907$5,751$4,766$3,934$2,329
18 years$7,713$6,383$5,250$4,295$3,497$1,994
19 years$7,231$5,915$4,806$3,881$3,117$1,711
20 years$6,797$5,497$4,411$3,515$2,785$1,470
21 years$6,406$5,120$4,057$3,190$2,492$1,264
22 years$6,050$4,779$3,739$2,900$2,234$1,089
23 years$5,726$4,470$3,452$2,642$2,005$939
24 years$5,429$4,188$3,193$2,409$1,802$810
25 years$5,156$3,930$2,957$2,200$1,622$699
26 years$4,905$3,694$2,743$2,012$1,461$604
27 years$4,673$3,476$2,547$1,841$1,317$522
28 years$4,458$3,276$2,368$1,687$1,188$452
29 years$4,258$3,090$2,203$1,547$1,073$391
30 years$4,071$2,919$2,052$1,420$970$338
31 years$3,897$2,759$1,913$1,304$877$293
32 years$3,734$2,611$1,785$1,198$793$253
33 years$3,582$2,472$1,667$1,102$718$220
34 years$3,438$2,343$1,557$1,014$650$190
35 years$3,304$2,222$1,456$933$588$165
36 years$3,176$2,109$1,362$860$533$143
37 years$3,057$2,003$1,275$792$483$124
38 years$2,943$1,904$1,194$730$438$107
39 years$2,836$1,811$1,119$673$397$93
40 years$2,734$1,723$1,048$621$360$81
41 years$2,638$1,640$983$573$327$70
42 years$2,546$1,562$922$529$297$61
43 years$2,459$1,488$865$488$269$52
44 years$2,376$1,418$812$451$244$46
45 years$2,297$1,352$763$416$222$39
46 years$2,222$1,290$716$384$201$34
47 years$2,150$1,231$673$355$183$30
48 years$2,081$1,175$632$328$166$26
49 years$2,016$1,122$594$303$151$22
50 years$1,953$1,072$559$280$137$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,000,000, adding $4,289 every year, while hoping to spend $59,423 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: 52/29/19 Blend
58$2,000,000$2,000,000$2,000,000$2,000,000
59$2,208,424$2,102,424$2,071,424$2,311,523
60$2,370,458$2,142,217$2,077,591$2,422,672
61$2,547,027$2,181,969$2,081,973$2,536,953
62$2,739,552$2,221,614$2,084,448$2,659,975
63$2,949,596$2,261,082$2,084,886$2,792,587
64$3,178,879$2,300,299$2,083,153$2,935,726
65$3,429,293$2,339,182$2,079,108$3,090,424
66$3,702,924$2,377,645$2,072,601$3,257,820
67$4,002,067$2,415,594$2,063,478$3,439,170
68$4,329,247$2,452,928$2,051,574$3,635,860
69$4,687,248$2,489,539$2,036,719$3,849,417
70$5,079,132$2,525,311$2,018,734$4,081,526
71$5,508,272$2,560,120$1,997,430$4,334,046
72$5,978,383$2,593,833$1,972,611$4,609,027
73$6,493,556$2,626,309$1,944,072$4,908,730
74$7,058,296$2,657,395$1,911,595$5,235,647
75$7,677,565$2,686,930$1,874,956$5,592,530
76$8,356,828$2,714,741$1,833,919$5,982,410
77$9,102,104$2,740,644$1,788,235$6,408,634
78$9,920,025$2,764,441$1,737,647$6,874,889
79$10,817,893$2,785,924$1,681,884$7,385,244
80$11,803,753$2,804,869$1,620,662$7,944,188
81$12,886,467$2,821,040$1,553,686$8,556,666
82$14,075,799$2,834,183$1,480,646$9,228,138
83$15,382,502$2,844,029$1,401,219$9,964,620
84$16,818,424$2,850,294$1,315,067$10,772,749
85$18,396,618$2,852,673$1,221,837$11,659,842
86$20,131,464$2,850,844$1,121,159$12,633,970
87$22,038,803$2,844,465$1,012,647$13,704,032
88$24,136,089$2,833,172$895,899$14,879,839
89$26,442,552$2,816,580$770,494$16,172,211
90$28,979,379$2,794,279$635,992$17,593,079
91$31,769,912$2,765,835$491,934$19,155,597
92$34,839,871$2,730,789$337,842$20,874,270
93$38,217,593$2,688,652$173,214$22,765,090
94$41,934,299$2,638,908$0$24,845,688
95$46,024,394$2,581,010$0$27,136,008
96$50,525,780$2,514,378$0$29,694,489
97$55,480,226$2,438,399$0$32,509,724
98$60,933,751$2,352,422$0$35,607,887
99$66,937,063$2,255,760$0$39,017,825
100$73,546,037$2,147,687$0$42,771,335