Can I retire at age 59 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$181,674$180,056$178,477$176,936$175,431$170,568
2 years$89,938$88,263$86,639$85,065$83,539$78,675
3 years$59,363$57,681$56,061$54,502$53,000$48,289
4 years$44,078$42,401$40,798$39,266$37,800$33,277
5 years$34,910$33,243$31,661$30,160$28,735$24,413
6 years$28,800$27,146$25,587$24,119$22,737$18,620
7 years$24,437$22,797$21,263$19,830$18,491$14,579
8 years$21,167$19,541$18,033$16,635$15,340$11,631
9 years$18,624$17,014$15,531$14,169$12,919$9,409
10 years$16,592$14,997$13,541$12,214$11,007$7,692
11 years$14,930$13,351$11,921$10,630$9,467$6,341
12 years$13,546$11,983$10,580$9,324$8,204$5,261
13 years$12,375$10,829$9,452$8,231$7,154$4,389
14 years$11,373$9,843$8,493$7,307$6,271$3,676
15 years$10,505$8,992$7,668$6,516$5,521$3,091
16 years$9,747$8,250$6,952$5,835$4,880$2,606
17 years$9,078$7,598$6,326$5,243$4,327$2,202
18 years$8,485$7,021$5,775$4,725$3,847$1,865
19 years$7,954$6,507$5,287$4,269$3,429$1,582
20 years$7,477$6,047$4,852$3,866$3,063$1,344
21 years$7,046$5,632$4,463$3,509$2,741$1,143
22 years$6,655$5,257$4,113$3,191$2,457$973
23 years$6,298$4,917$3,798$2,906$2,205$829
24 years$5,972$4,607$3,512$2,650$1,982$707
25 years$5,672$4,323$3,253$2,420$1,784$603
26 years$5,396$4,063$3,017$2,213$1,607$515
27 years$5,140$3,824$2,802$2,026$1,449$439
28 years$4,903$3,603$2,604$1,856$1,307$375
29 years$4,683$3,399$2,424$1,702$1,180$321
30 years$4,478$3,210$2,258$1,562$1,066$274
31 years$4,287$3,035$2,105$1,434$964$234
32 years$4,108$2,872$1,964$1,318$872$200
33 years$3,940$2,719$1,833$1,212$789$171
34 years$3,782$2,577$1,713$1,115$715$147
35 years$3,634$2,445$1,602$1,027$647$125
36 years$3,494$2,320$1,498$946$586$107
37 years$3,362$2,204$1,402$871$532$92
38 years$3,238$2,094$1,313$803$482$79
39 years$3,120$1,992$1,230$740$437$67
40 years$3,008$1,895$1,153$683$396$58
41 years$2,902$1,804$1,081$630$360$49
42 years$2,801$1,718$1,014$582$326$42
43 years$2,705$1,637$952$537$296$36
44 years$2,614$1,560$893$496$269$31
45 years$2,527$1,488$839$458$244$26
46 years$2,444$1,419$788$423$222$23
47 years$2,365$1,354$740$391$201$19
48 years$2,289$1,293$696$361$183$17
49 years$2,217$1,235$654$334$166$14
50 years$2,148$1,179$615$308$151$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,200,000, adding $5,321 every year, while hoping to spend $39,779 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: 35/44/21 Blend
58$2,200,000$2,200,000$2,200,000$2,200,000
59$2,429,889$2,313,289$2,279,189$2,499,240
60$2,635,413$2,384,315$2,313,217$2,621,753
61$2,860,567$2,457,489$2,347,052$2,749,799
62$3,107,312$2,532,873$2,380,645$2,887,142
63$3,377,806$2,610,532$2,413,945$3,034,634
64$3,674,428$2,690,533$2,446,898$3,193,212
65$3,999,795$2,772,945$2,479,445$3,363,906
66$4,356,793$2,857,839$2,511,525$3,547,846
67$4,748,599$2,945,286$2,543,074$3,746,278
68$5,178,713$3,035,362$2,574,024$3,960,572
69$5,650,990$3,128,143$2,604,302$4,192,234
70$6,169,677$3,223,707$2,633,832$4,442,923
71$6,739,451$3,322,136$2,662,532$4,714,462
72$7,365,467$3,423,513$2,690,319$5,008,859
73$8,053,403$3,527,923$2,717,103$5,328,325
74$8,809,513$3,635,454$2,742,789$5,675,291
75$9,640,688$3,746,196$2,767,277$6,052,437
76$10,554,519$3,860,241$2,790,462$6,462,709
77$11,559,372$3,977,685$2,812,234$6,909,354
78$12,664,461$4,098,624$2,832,477$7,395,946
79$13,879,939$4,223,160$2,851,068$7,926,421
80$15,216,992$4,351,394$2,867,878$8,505,113
81$16,687,946$4,483,433$2,882,773$9,136,796
82$18,306,380$4,619,385$2,895,609$9,826,726
83$20,087,256$4,759,360$2,906,238$10,580,694
84$22,047,061$4,903,474$2,914,501$11,405,076
85$24,203,960$5,051,842$2,920,236$12,306,898
86$26,577,967$5,204,586$2,923,267$13,293,897
87$29,191,137$5,361,828$2,923,414$14,374,597
88$32,067,770$5,523,695$2,920,485$15,558,388
89$35,234,643$5,690,316$2,914,282$16,855,614
90$38,721,259$5,861,824$2,904,593$18,277,672
91$42,560,130$6,038,356$2,891,199$19,837,115
92$46,787,079$6,220,051$2,873,870$21,547,775
93$51,441,579$6,407,052$2,852,363$23,424,891
94$56,567,129$6,599,506$2,826,425$25,485,254
95$62,211,657$6,797,563$2,795,792$27,747,362
96$68,427,980$7,001,377$2,760,185$30,231,596
97$75,274,296$7,211,107$2,719,313$32,960,414
98$82,814,737$7,426,913$2,672,872$35,958,560
99$91,119,969$7,648,961$2,620,543$39,253,298
100$100,267,866$7,877,421$2,561,991$42,874,669