Can I retire at age 59 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$172,590$171,053$169,553$168,089$166,660$161,325
2 years$85,441$83,849$82,307$80,812$79,362$74,036
3 years$56,395$54,797$53,258$51,777$50,350$45,201
4 years$41,874$40,281$38,758$37,302$35,910$30,977
5 years$33,165$31,581$30,078$28,652$27,298$22,594
6 years$27,360$25,788$24,308$22,913$21,600$17,129
7 years$23,215$21,657$20,200$18,838$17,567$13,328
8 years$20,108$18,564$17,131$15,803$14,573$10,564
9 years$17,693$16,163$14,755$13,461$12,273$8,489
10 years$15,762$14,247$12,864$11,603$10,457$6,892
11 years$14,183$12,683$11,325$10,098$8,993$5,642
12 years$12,868$11,384$10,051$8,857$7,794$4,647
13 years$11,757$10,288$8,980$7,820$6,796$3,848
14 years$10,804$9,351$8,068$6,942$5,957$3,199
15 years$9,980$8,543$7,284$6,191$5,245$2,668
16 years$9,259$7,838$6,604$5,543$4,636$2,232
17 years$8,624$7,218$6,010$4,980$4,111$1,871
18 years$8,060$6,670$5,486$4,488$3,655$1,572
19 years$7,556$6,182$5,022$4,056$3,258$1,322
20 years$7,103$5,744$4,609$3,673$2,910$1,114
21 years$6,694$5,351$4,240$3,334$2,604$939
22 years$6,322$4,995$3,907$3,031$2,334$793
23 years$5,983$4,671$3,608$2,760$2,095$669
24 years$5,673$4,377$3,337$2,518$1,883$566
25 years$5,388$4,107$3,090$2,299$1,695$478
26 years$5,126$3,860$2,866$2,102$1,526$405
27 years$4,883$3,633$2,662$1,924$1,376$343
28 years$4,658$3,423$2,474$1,763$1,242$290
29 years$4,449$3,229$2,302$1,617$1,121$246
30 years$4,254$3,050$2,145$1,484$1,013$208
31 years$4,072$2,883$1,999$1,363$916$176
32 years$3,902$2,728$1,865$1,252$829$149
33 years$3,743$2,584$1,742$1,152$750$127
34 years$3,593$2,449$1,627$1,060$679$107
35 years$3,452$2,322$1,522$975$615$91
36 years$3,319$2,204$1,423$898$557$77
37 years$3,194$2,094$1,332$828$505$65
38 years$3,076$1,990$1,248$763$458$55
39 years$2,964$1,892$1,169$703$415$47
40 years$2,857$1,800$1,096$649$377$40
41 years$2,757$1,714$1,027$599$342$34
42 years$2,661$1,632$964$552$310$29
43 years$2,570$1,555$904$510$281$24
44 years$2,483$1,482$849$471$255$21
45 years$2,401$1,413$797$435$232$17
46 years$2,322$1,348$749$402$210$15
47 years$2,247$1,287$703$371$191$13
48 years$2,175$1,228$661$343$174$11
49 years$2,106$1,173$621$317$158$9
50 years$2,041$1,120$584$293$143$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,090,000, adding $3,357 every year, while hoping to spend $22,061 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: 65/5/30 Blend
58$2,090,000$2,090,000$2,090,000$2,090,000
59$2,306,643$2,195,873$2,163,478$2,437,935
60$2,518,448$2,279,998$2,212,482$2,611,379
61$2,751,117$2,367,506$2,262,388$2,798,162
62$3,006,756$2,458,539$2,313,203$3,001,866
63$3,287,684$2,553,245$2,364,933$3,224,163
64$3,596,455$2,651,781$2,417,586$3,466,893
65$3,935,883$2,754,309$2,471,165$3,732,081
66$4,309,070$2,860,996$2,525,675$4,021,959
67$4,719,431$2,972,021$2,581,121$4,338,985
68$5,170,730$3,087,567$2,637,506$4,685,866
69$5,667,114$3,207,828$2,694,832$5,065,582
70$6,213,152$3,333,004$2,753,101$5,481,418
71$6,813,877$3,463,305$2,812,314$5,936,990
72$7,474,836$3,598,950$2,872,471$6,436,283
73$8,202,141$3,740,170$2,933,570$6,983,687
74$9,002,524$3,887,203$2,995,609$7,584,036
75$9,883,404$4,040,299$3,058,585$8,242,656
76$10,852,958$4,199,720$3,122,493$8,965,416
77$11,920,191$4,365,737$3,187,328$9,758,780
78$13,095,029$4,538,637$3,253,082$10,629,871
79$14,388,408$4,718,717$3,319,747$11,586,535
80$15,812,379$4,906,288$3,387,312$12,637,418
81$17,380,221$5,101,675$3,455,766$13,792,043
82$19,106,564$5,305,217$3,525,095$15,060,905
83$21,007,531$5,517,271$3,595,283$16,455,568
84$23,100,888$5,738,206$3,666,314$17,988,769
85$25,406,211$5,968,410$3,738,168$19,674,547
86$27,945,072$6,208,289$3,810,823$21,528,368
87$30,741,240$6,458,266$3,884,257$23,567,273
88$33,820,909$6,718,784$3,958,442$25,810,040
89$37,212,942$6,990,305$4,033,350$28,277,359
90$40,949,145$7,273,313$4,108,951$30,992,028
91$45,064,566$7,568,313$4,185,209$33,979,168
92$49,597,826$7,875,835$4,262,088$37,266,461
93$54,591,484$8,196,431$4,339,547$40,884,407
94$60,092,438$8,530,678$4,417,544$44,866,616
95$66,152,366$8,879,181$4,496,032$49,250,124
96$72,828,218$9,242,571$4,574,959$54,075,741
97$80,182,748$9,621,509$4,654,273$59,388,435
98$88,285,112$10,016,686$4,733,914$65,237,761
99$97,211,513$10,428,824$4,813,820$71,678,323
100$107,045,929$10,858,678$4,893,924$78,770,293