Can I retire at age 59 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$197,364$195,606$193,891$192,217$190,582$182,948
2 years$97,705$95,885$94,122$92,412$90,753$83,158
3 years$64,490$62,662$60,903$59,209$57,578$50,260
4 years$47,885$46,063$44,322$42,657$41,065$34,081
5 years$37,925$36,114$34,396$32,765$31,217$24,585
6 years$31,287$29,490$27,797$26,202$24,701$18,424
7 years$26,548$24,766$23,099$21,542$20,088$14,165
8 years$22,995$21,229$19,590$18,071$16,665$11,088
9 years$20,233$18,483$16,873$15,393$14,035$8,796
10 years$18,025$16,292$14,710$13,269$11,958$7,048
11 years$16,219$14,504$12,951$11,548$10,284$5,690
12 years$14,715$13,018$11,493$10,129$8,912$4,622
13 years$13,444$11,764$10,268$8,942$7,772$3,772
14 years$12,355$10,694$9,226$7,938$6,813$3,091
15 years$11,413$9,769$8,330$7,079$5,998$2,540
16 years$10,589$8,963$7,552$6,339$5,301$2,092
17 years$9,862$8,254$6,872$5,695$4,701$1,727
18 years$9,217$7,627$6,274$5,133$4,180$1,428
19 years$8,641$7,069$5,743$4,638$3,725$1,182
20 years$8,123$6,569$5,271$4,200$3,327$980
21 years$7,655$6,119$4,848$3,812$2,978$813
22 years$7,230$5,711$4,468$3,466$2,669$675
23 years$6,842$5,342$4,126$3,157$2,396$561
24 years$6,488$5,005$3,816$2,879$2,154$466
25 years$6,162$4,697$3,534$2,629$1,938$388
26 years$5,862$4,414$3,278$2,404$1,746$322
27 years$5,584$4,154$3,044$2,201$1,574$268
28 years$5,327$3,915$2,829$2,016$1,420$223
29 years$5,088$3,693$2,633$1,849$1,282$186
30 years$4,865$3,488$2,453$1,697$1,159$155
31 years$4,657$3,297$2,286$1,558$1,047$129
32 years$4,463$3,120$2,133$1,432$948$107
33 years$4,280$2,954$1,992$1,317$858$89
34 years$4,109$2,800$1,861$1,212$776$74
35 years$3,948$2,656$1,740$1,115$703$62
36 years$3,796$2,521$1,628$1,027$637$52
37 years$3,653$2,394$1,523$947$577$43
38 years$3,517$2,275$1,427$872$524$36
39 years$3,389$2,164$1,337$804$475$30
40 years$3,268$2,058$1,253$742$431$25
41 years$3,152$1,959$1,175$685$391$21
42 years$3,043$1,866$1,102$632$354$17
43 years$2,939$1,778$1,034$583$322$14
44 years$2,840$1,695$971$538$292$12
45 years$2,745$1,616$911$497$265$10
46 years$2,655$1,542$856$459$241$8
47 years$2,569$1,471$804$424$219$7
48 years$2,487$1,405$756$392$198$6
49 years$2,409$1,341$710$362$180$5
50 years$2,333$1,281$668$335$164$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,390,000, adding $4,788 every year, while hoping to spend $22,196 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: 42/45/13 Blend
58$2,390,000$2,390,000$2,390,000$2,390,000
59$2,638,719$2,512,049$2,475,004$2,739,304
60$2,884,252$2,611,523$2,534,300$2,909,848
61$3,154,085$2,715,127$2,594,839$3,091,829
62$3,450,674$2,823,041$2,656,638$3,288,399
63$3,776,724$2,935,451$2,719,717$3,500,901
64$4,135,214$3,052,552$2,784,091$3,730,808
65$4,529,428$3,174,549$2,849,781$3,979,738
66$4,962,983$3,301,656$2,916,802$4,249,470
67$5,439,865$3,434,094$2,985,172$4,541,956
68$5,964,464$3,572,098$3,054,909$4,859,340
69$6,541,620$3,715,911$3,126,028$5,203,978
70$7,176,661$3,865,787$3,198,546$5,578,461
71$7,875,462$4,021,992$3,272,479$5,985,635
72$8,644,495$4,184,805$3,347,843$6,428,628
73$9,490,890$4,354,517$3,424,652$6,910,880
74$10,422,503$4,531,431$3,502,921$7,436,173
75$11,447,993$4,715,866$3,582,663$8,008,666
76$12,576,898$4,908,153$3,663,892$8,632,934
77$13,819,730$5,108,641$3,746,620$9,314,005
78$15,188,070$5,317,692$3,830,860$10,057,416
79$16,694,681$5,535,686$3,916,621$10,869,252
80$18,353,625$5,763,021$4,003,914$11,756,213
81$20,180,398$6,000,112$4,092,749$12,725,666
82$22,192,075$6,247,394$4,183,132$13,785,723
83$24,407,471$6,505,321$4,275,072$14,945,305
84$26,847,320$6,774,368$4,368,573$16,214,236
85$29,534,467$7,055,033$4,463,641$17,603,324
86$32,494,088$7,347,835$4,560,278$19,124,468
87$35,753,923$7,653,318$4,658,486$20,790,764
88$39,344,544$7,972,051$4,758,266$22,616,629
89$43,299,635$8,304,629$4,859,615$24,617,936
90$47,656,317$8,651,674$4,962,531$26,812,160
91$52,455,493$9,013,839$5,067,009$29,218,538
92$57,742,241$9,391,804$5,173,040$31,858,255
93$63,566,229$9,786,282$5,280,617$34,754,636
94$69,982,194$10,198,020$5,389,728$37,933,365
95$77,050,452$10,627,797$5,500,358$41,422,726
96$84,837,470$11,076,431$5,612,492$45,253,865
97$93,416,492$11,544,776$5,726,110$49,461,084
98$102,868,230$12,033,726$5,841,190$54,082,159
99$113,281,628$12,544,217$5,957,709$59,158,696
100$124,754,700$13,077,229$6,075,637$64,736,517