Can I retire at age 59 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$185,803$184,148$182,533$180,957$179,418$178,138
2 years$91,982$90,269$88,608$86,999$85,437$84,147
3 years$60,712$58,991$57,335$55,741$54,205$52,943
4 years$45,080$43,365$41,726$40,158$38,659$37,437
5 years$35,704$33,999$32,381$30,845$29,388$28,208
6 years$29,455$27,762$26,168$24,667$23,254$22,118
7 years$24,993$23,315$21,746$20,280$18,912$17,820
8 years$21,648$19,985$18,442$17,013$15,689$14,643
9 years$19,048$17,401$15,884$14,491$13,212$12,210
10 years$16,969$15,338$13,848$12,491$11,258$10,299
11 years$15,269$13,654$12,192$10,871$9,682$8,767
12 years$13,853$12,255$10,820$9,536$8,390$7,517
13 years$12,657$11,075$9,667$8,418$7,316$6,485
14 years$11,632$10,067$8,686$7,473$6,414$5,622
15 years$10,744$9,197$7,842$6,665$5,647$4,895
16 years$9,968$8,438$7,110$5,967$4,991$4,277
17 years$9,285$7,771$6,470$5,362$4,425$3,749
18 years$8,677$7,181$5,906$4,832$3,935$3,294
19 years$8,135$6,655$5,407$4,366$3,507$2,901
20 years$7,647$6,184$4,962$3,954$3,133$2,560
21 years$7,206$5,760$4,564$3,589$2,803$2,262
22 years$6,806$5,377$4,207$3,263$2,513$2,003
23 years$6,441$5,029$3,884$2,972$2,256$1,775
24 years$6,108$4,712$3,592$2,710$2,027$1,575
25 years$5,801$4,422$3,327$2,475$1,824$1,399
26 years$5,518$4,156$3,086$2,263$1,643$1,244
27 years$5,257$3,911$2,865$2,072$1,482$1,107
28 years$5,015$3,685$2,664$1,898$1,337$985
29 years$4,790$3,477$2,479$1,741$1,207$878
30 years$4,580$3,283$2,309$1,597$1,091$782
31 years$4,384$3,104$2,152$1,467$986$698
32 years$4,201$2,937$2,008$1,348$892$622
33 years$4,029$2,781$1,875$1,240$807$555
34 years$3,868$2,636$1,752$1,141$731$496
35 years$3,716$2,500$1,638$1,050$662$443
36 years$3,574$2,373$1,532$967$600$396
37 years$3,439$2,254$1,434$891$544$353
38 years$3,311$2,142$1,343$821$493$316
39 years$3,190$2,037$1,258$757$447$282
40 years$3,076$1,938$1,179$699$405$252
41 years$2,968$1,845$1,106$644$368$226
42 years$2,865$1,757$1,037$595$334$202
43 years$2,767$1,674$973$549$303$180
44 years$2,673$1,596$914$507$275$161
45 years$2,584$1,522$858$468$250$144
46 years$2,500$1,451$806$432$227$129
47 years$2,419$1,385$757$400$206$116
48 years$2,341$1,322$711$369$187$103
49 years$2,268$1,263$669$341$170$93
50 years$2,197$1,206$629$315$154$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,250,000, adding $6,355 every year, while hoping to spend $32,340 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: 74/18/8 Blend
58$2,250,000$2,250,000$2,250,000$2,250,000
59$2,486,055$2,366,805$2,331,930$2,666,462
60$2,705,223$2,448,369$2,375,640$2,867,767
61$2,945,663$2,532,846$2,419,731$3,083,532
62$3,209,509$2,620,344$2,464,180$3,318,986
63$3,499,114$2,710,976$2,508,966$3,576,070
64$3,817,069$2,804,859$2,554,062$3,856,915
65$4,166,229$2,902,116$2,599,442$4,163,871
66$4,549,737$3,002,873$2,645,076$4,499,522
67$4,971,058$3,107,261$2,690,933$4,866,716
68$5,434,006$3,215,417$2,736,980$5,268,588
69$5,942,787$3,327,484$2,783,180$5,708,589
70$6,502,029$3,443,610$2,829,495$6,190,521
71$7,116,837$3,563,947$2,875,884$6,718,571
72$7,792,830$3,688,657$2,922,302$7,297,348
73$8,536,203$3,817,904$2,968,703$7,931,931
74$9,353,776$3,951,863$3,015,036$8,627,912
75$10,253,070$4,090,712$3,061,247$9,391,451
76$11,242,365$4,234,639$3,107,281$10,229,334
77$12,330,788$4,383,838$3,153,077$11,149,034
78$13,528,394$4,538,511$3,198,570$12,158,784
79$14,846,261$4,698,870$3,243,694$13,267,653
80$16,296,597$4,865,131$3,288,375$14,485,631
81$17,892,851$5,037,525$3,332,537$15,823,722
82$19,649,845$5,216,286$3,376,100$17,294,052
83$21,583,907$5,401,663$3,418,977$18,909,976
84$23,713,032$5,593,910$3,461,080$20,686,208
85$26,057,046$5,793,297$3,502,310$22,638,960
86$28,637,796$6,000,100$3,542,569$24,786,092
87$31,479,355$6,214,608$3,581,749$27,147,280
88$34,608,249$6,437,123$3,619,737$29,744,205
89$38,053,707$6,667,959$3,656,414$32,600,750
90$41,847,937$6,907,441$3,691,656$35,743,233
91$46,026,430$7,155,909$3,725,330$39,200,650
92$50,628,294$7,413,717$3,757,298$43,004,948
93$55,696,625$7,681,234$3,787,412$47,191,327
94$61,278,909$7,958,843$3,815,518$51,798,572
95$67,427,475$8,246,943$3,841,455$56,869,418
96$74,199,985$8,545,951$3,865,052$62,450,954
97$81,659,981$8,856,300$3,886,128$68,595,062
98$89,877,482$9,178,441$3,904,496$75,358,912
99$98,929,645$9,512,845$3,919,957$82,805,497
100$108,901,496$9,860,002$3,932,303$91,004,229