Can I retire at age 59 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$187,454$185,785$184,156$182,566$181,013$179,421
2 years$92,799$91,071$89,396$87,772$86,197$84,593
3 years$61,252$59,516$57,845$56,236$54,687$53,120
4 years$45,481$43,750$42,096$40,515$39,003$37,486
5 years$36,021$34,301$32,669$31,119$29,649$28,187
6 years$29,716$28,009$26,401$24,887$23,461$22,054
7 years$25,215$23,522$21,939$20,461$19,080$17,729
8 years$21,840$20,163$18,606$17,164$15,829$14,534
9 years$19,217$17,555$16,026$14,620$13,330$12,092
10 years$17,120$15,474$13,972$12,602$11,358$10,175
11 years$15,405$13,776$12,300$10,968$9,768$8,640
12 years$13,977$12,364$10,916$9,620$8,465$7,390
13 years$12,769$11,174$9,753$8,493$7,381$6,358
14 years$11,735$10,157$8,763$7,539$6,471$5,498
15 years$10,840$9,278$7,912$6,724$5,697$4,774
16 years$10,057$8,513$7,173$6,020$5,035$4,160
17 years$9,367$7,840$6,527$5,409$4,465$3,636
18 years$8,755$7,244$5,959$4,875$3,970$3,186
19 years$8,207$6,714$5,455$4,405$3,538$2,798
20 years$7,715$6,239$5,006$3,989$3,160$2,461
21 years$7,270$5,811$4,605$3,621$2,828$2,169
22 years$6,867$5,425$4,244$3,292$2,535$1,914
23 years$6,499$5,074$3,919$2,998$2,276$1,692
24 years$6,162$4,754$3,624$2,734$2,045$1,496
25 years$5,852$4,461$3,357$2,497$1,841$1,325
26 years$5,567$4,193$3,113$2,283$1,658$1,174
27 years$5,304$3,946$2,891$2,090$1,495$1,041
28 years$5,059$3,718$2,687$1,915$1,349$924
29 years$4,832$3,508$2,501$1,756$1,218$821
30 years$4,621$3,313$2,329$1,612$1,100$729
31 years$4,423$3,131$2,172$1,480$995$648
32 years$4,238$2,963$2,026$1,360$900$576
33 years$4,065$2,806$1,892$1,251$814$513
34 years$3,903$2,659$1,768$1,151$737$456
35 years$3,750$2,522$1,653$1,059$668$406
36 years$3,605$2,394$1,546$976$605$361
37 years$3,469$2,274$1,447$899$548$322
38 years$3,341$2,161$1,355$829$497$287
39 years$3,219$2,055$1,270$764$451$255
40 years$3,103$1,955$1,190$705$409$227
41 years$2,994$1,861$1,116$650$371$203
42 years$2,890$1,772$1,047$600$337$181
43 years$2,791$1,689$982$554$306$161
44 years$2,697$1,610$922$511$277$144
45 years$2,607$1,535$866$472$252$128
46 years$2,522$1,464$813$436$229$114
47 years$2,440$1,397$764$403$208$102
48 years$2,362$1,334$718$372$189$91
49 years$2,288$1,274$675$344$171$81
50 years$2,216$1,217$634$318$156$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,270,000, adding $5,314 every year, while hoping to spend $36,483 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: 39/43/18 Blend
58$2,270,000$2,270,000$2,270,000$2,270,000
59$2,507,021$2,386,711$2,351,526$2,591,129
60$2,723,920$2,464,843$2,391,485$2,729,987
61$2,961,719$2,545,580$2,431,559$2,876,143
62$3,222,513$2,629,011$2,471,715$3,033,415
63$3,508,607$2,715,230$2,511,915$3,202,829
64$3,822,540$2,804,332$2,552,119$3,385,511
65$4,167,110$2,896,415$2,592,286$3,582,701
66$4,545,399$2,991,583$2,632,371$3,795,762
67$4,960,800$3,089,941$2,672,326$4,026,190
68$5,417,053$3,191,599$2,712,100$4,275,635
69$5,918,276$3,296,671$2,751,639$4,545,906
70$6,469,008$3,405,276$2,790,887$4,838,997
71$7,074,247$3,517,535$2,829,782$5,157,100
72$7,739,500$3,633,574$2,868,260$5,502,628
73$8,470,836$3,753,526$2,906,253$5,878,234
74$9,274,937$3,877,525$2,943,689$6,286,840
75$10,159,170$4,005,712$2,980,491$6,731,659
76$11,131,647$4,138,234$3,016,579$7,216,231
77$12,201,308$4,275,241$3,051,868$7,744,448
78$13,378,003$4,416,889$3,086,267$8,320,600
79$14,672,584$4,563,341$3,119,682$8,949,404
80$16,097,008$4,714,766$3,152,012$9,636,058
81$17,664,450$4,871,336$3,183,151$10,386,282
82$19,389,425$5,033,233$3,212,988$11,206,376
83$21,287,929$5,200,644$3,241,406$12,103,278
84$23,377,585$5,373,763$3,268,280$13,084,625
85$25,677,812$5,552,790$3,293,481$14,158,830
86$28,210,007$5,737,935$3,316,870$15,335,159
87$30,997,747$5,929,413$3,338,305$16,623,815
88$34,067,012$6,127,449$3,357,633$18,036,036
89$37,446,427$6,332,275$3,374,694$19,584,201
90$41,167,538$6,544,131$3,389,321$21,281,944
91$45,265,101$6,763,268$3,401,338$23,144,283
92$49,777,418$6,989,945$3,410,559$25,187,763
93$54,746,692$7,224,429$3,416,790$27,430,607
94$60,219,430$7,467,001$3,419,828$29,892,890
95$66,246,877$7,717,950$3,419,457$32,596,727
96$72,885,503$7,977,574$3,415,453$35,566,481
97$80,197,534$8,246,185$3,407,581$38,828,994
98$88,251,541$8,524,106$3,395,593$42,413,834
99$97,123,082$8,811,672$3,379,230$46,353,579
100$106,895,423$9,109,229$3,358,220$50,684,121