Can I retire at age 59 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$178,371$176,782$175,232$173,719$172,241$166,262
2 years$88,302$86,658$85,064$83,519$82,020$76,058
3 years$58,283$56,632$55,042$53,511$52,037$46,279
4 years$43,277$41,630$40,057$38,552$37,113$31,604
5 years$34,275$32,639$31,085$29,611$28,213$22,967
6 years$28,276$26,652$25,122$23,681$22,324$17,345
7 years$23,993$22,382$20,876$19,469$18,155$13,442
8 years$20,782$19,186$17,705$16,332$15,061$10,611
9 years$18,286$16,705$15,249$13,911$12,684$8,490
10 years$16,290$14,724$13,294$11,992$10,807$6,863
11 years$14,658$13,108$11,704$10,436$9,295$5,592
12 years$13,299$11,765$10,387$9,154$8,055$4,585
13 years$12,150$10,632$9,280$8,082$7,024$3,778
14 years$11,166$9,664$8,338$7,174$6,157$3,126
15 years$10,314$8,829$7,528$6,398$5,421$2,594
16 years$9,570$8,100$6,826$5,729$4,791$2,159
17 years$8,913$7,460$6,211$5,147$4,248$1,801
18 years$8,330$6,893$5,670$4,639$3,777$1,505
19 years$7,809$6,389$5,191$4,191$3,367$1,259
20 years$7,341$5,937$4,764$3,796$3,007$1,055
21 years$6,918$5,530$4,382$3,445$2,691$885
22 years$6,534$5,162$4,038$3,133$2,412$743
23 years$6,184$4,828$3,729$2,853$2,165$624
24 years$5,863$4,523$3,448$2,602$1,946$524
25 years$5,569$4,245$3,194$2,376$1,751$441
26 years$5,297$3,990$2,962$2,173$1,578$371
27 years$5,047$3,755$2,751$1,989$1,422$312
28 years$4,814$3,538$2,557$1,822$1,283$263
29 years$4,598$3,338$2,380$1,671$1,159$221
30 years$4,397$3,152$2,216$1,533$1,047$186
31 years$4,209$2,980$2,066$1,408$947$157
32 years$4,033$2,819$1,928$1,294$856$132
33 years$3,868$2,670$1,800$1,190$775$111
34 years$3,713$2,531$1,682$1,095$702$94
35 years$3,568$2,400$1,573$1,008$636$79
36 years$3,431$2,278$1,471$928$576$67
37 years$3,301$2,164$1,377$855$522$56
38 years$3,179$2,056$1,289$788$473$47
39 years$3,063$1,955$1,208$727$429$40
40 years$2,953$1,860$1,132$671$389$34
41 years$2,849$1,771$1,062$619$353$28
42 years$2,750$1,687$996$571$320$24
43 years$2,656$1,607$935$527$291$20
44 years$2,566$1,532$877$487$264$17
45 years$2,481$1,461$824$449$240$14
46 years$2,400$1,393$774$415$218$12
47 years$2,322$1,330$727$384$198$10
48 years$2,248$1,269$683$354$179$9
49 years$2,177$1,212$642$328$163$7
50 years$2,109$1,158$604$303$148$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,160,000, adding $6,336 every year, while hoping to spend $56,951 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: 54/39/7 Blend
58$2,160,000$2,160,000$2,160,000$2,160,000
59$2,386,856$2,272,376$2,238,896$2,511,494
60$2,569,719$2,323,127$2,253,303$2,647,256
61$2,769,327$2,374,456$2,266,285$2,788,123
62$2,987,325$2,426,331$2,277,732$2,940,050
63$3,225,528$2,478,717$2,287,532$3,104,097
64$3,485,933$2,531,575$2,295,566$3,281,425
65$3,770,739$2,584,863$2,301,707$3,473,317
66$4,082,365$2,638,533$2,305,826$3,681,185
67$4,423,479$2,692,533$2,307,783$3,906,585
68$4,797,014$2,746,808$2,307,435$4,151,229
69$5,206,204$2,801,296$2,304,628$4,417,005
70$5,654,608$2,855,930$2,299,204$4,705,994
71$6,146,146$2,910,639$2,290,996$5,020,486
72$6,685,137$2,965,344$2,279,828$5,363,006
73$7,276,335$3,019,960$2,265,516$5,736,336
74$7,924,978$3,074,395$2,247,868$6,143,543
75$8,636,837$3,128,551$2,226,683$6,588,005
76$9,418,266$3,182,322$2,201,748$7,073,444
77$10,276,265$3,235,592$2,172,843$7,603,965
78$11,218,547$3,288,239$2,139,736$8,184,088
79$12,253,605$3,340,129$2,102,184$8,818,798
80$13,390,799$3,391,121$2,059,933$9,513,587
81$14,640,437$3,441,062$2,012,717$10,274,509
82$16,013,877$3,489,790$1,960,258$11,108,236
83$17,523,631$3,537,129$1,902,266$12,022,121
84$19,183,486$3,582,892$1,838,436$13,024,270
85$21,008,627$3,626,880$1,768,449$14,123,615
86$23,015,788$3,668,878$1,691,974$15,330,003
87$25,223,405$3,708,659$1,608,661$16,654,286
88$27,651,788$3,745,980$1,518,147$18,108,426
89$30,323,318$3,780,580$1,420,053$19,705,607
90$33,262,652$3,812,184$1,313,980$21,460,361
91$36,496,959$3,840,497$1,199,514$23,388,704
92$40,056,172$3,865,205$1,076,222$25,508,292
93$43,973,276$3,885,974$943,649$27,838,582
94$48,284,612$3,902,449$801,324$30,401,022
95$53,030,226$3,914,252$648,751$33,219,252
96$58,254,240$3,920,982$485,416$36,319,328
97$64,005,275$3,922,213$310,779$39,729,969
98$70,336,902$3,917,490$124,279$43,482,829
99$77,308,151$3,906,333$0$47,612,798
100$84,984,071$3,888,231$0$52,163,913