Can I retire at age 59 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$222,963$220,977$219,040$217,149$215,302$213,855
2 years$110,378$108,322$106,330$104,398$102,525$101,066
3 years$72,854$70,790$68,803$66,889$65,046$63,620
4 years$54,096$52,038$50,071$48,190$46,391$45,009
5 years$42,844$40,798$38,857$37,014$35,266$33,932
6 years$35,345$33,315$31,402$29,601$27,905$26,620
7 years$29,991$27,978$26,095$24,336$22,694$21,459
8 years$25,977$23,982$22,131$20,415$18,827$17,643
9 years$22,857$20,881$19,061$17,389$15,855$14,721
10 years$20,362$18,405$16,618$14,990$13,509$12,424
11 years$18,323$16,385$14,630$13,045$11,618$10,582
12 years$16,624$14,707$12,984$11,443$10,068$9,079
13 years$15,188$13,290$11,600$10,102$8,780$7,838
14 years$13,958$12,081$10,423$8,968$7,696$6,800
15 years$12,893$11,036$9,411$7,997$6,776$5,924
16 years$11,962$10,125$8,532$7,161$5,989$5,180
17 years$11,141$9,325$7,764$6,434$5,310$4,543
18 years$10,413$8,617$7,087$5,798$4,722$3,995
19 years$9,762$7,986$6,488$5,239$4,208$3,520
20 years$9,176$7,421$5,954$4,745$3,759$3,109
21 years$8,648$6,912$5,477$4,307$3,364$2,750
22 years$8,167$6,452$5,048$3,916$3,015$2,436
23 years$7,730$6,035$4,661$3,566$2,707$2,161
24 years$7,329$5,654$4,310$3,252$2,433$1,919
25 years$6,961$5,306$3,992$2,970$2,189$1,705
26 years$6,622$4,987$3,703$2,716$1,972$1,517
27 years$6,308$4,693$3,438$2,486$1,778$1,351
28 years$6,018$4,422$3,196$2,278$1,604$1,204
29 years$5,748$4,172$2,974$2,089$1,449$1,073
30 years$5,496$3,940$2,771$1,917$1,309$957
31 years$5,261$3,725$2,583$1,760$1,183$854
32 years$5,041$3,524$2,410$1,618$1,070$763
33 years$4,835$3,338$2,250$1,488$969$681
34 years$4,642$3,163$2,102$1,369$877$609
35 years$4,460$3,000$1,966$1,260$794$544
36 years$4,288$2,848$1,839$1,161$720$487
37 years$4,126$2,705$1,721$1,069$652$435
38 years$3,973$2,570$1,612$986$591$389
39 years$3,829$2,444$1,510$909$536$348
40 years$3,691$2,325$1,415$838$486$311
41 years$3,561$2,214$1,327$773$441$279
42 years$3,437$2,108$1,245$714$400$249
43 years$3,320$2,009$1,168$659$363$223
44 years$3,208$1,915$1,097$608$330$200
45 years$3,101$1,826$1,030$562$299$179
46 years$3,000$1,742$967$519$272$160
47 years$2,903$1,662$909$479$247$144
48 years$2,810$1,587$854$443$224$129
49 years$2,721$1,515$802$409$204$115
50 years$2,636$1,447$754$378$185$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,700,000, adding $5,259 every year, while hoping to spend $46,559 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: 57/13/30 Blend
58$2,700,000$2,700,000$2,700,000$2,700,000
59$2,980,825$2,837,725$2,795,875$3,125,812
60$3,235,330$2,927,235$2,839,998$3,315,662
61$3,514,235$3,019,570$2,884,039$3,517,217
62$3,819,979$3,114,821$2,927,946$3,735,989
63$4,155,248$3,213,078$2,971,663$3,973,663
64$4,523,002$3,314,438$3,015,133$4,232,091
65$4,926,500$3,418,997$3,058,292$4,513,317
66$5,369,332$3,526,858$3,101,074$4,819,587
67$5,855,455$3,638,124$3,143,410$5,153,380
68$6,389,222$3,752,903$3,185,226$5,517,423
69$6,975,434$3,871,307$3,226,442$5,914,721
70$7,619,377$3,993,450$3,266,977$6,348,585
71$8,326,875$4,119,450$3,306,741$6,822,663
72$9,104,342$4,249,428$3,345,643$7,340,971
73$9,958,846$4,383,512$3,383,584$7,907,937
74$10,898,175$4,521,831$3,420,460$8,528,437
75$11,930,906$4,664,518$3,456,163$9,207,845
76$13,066,491$4,811,712$3,490,577$9,952,079
77$14,315,343$4,963,556$3,523,581$10,767,664
78$15,688,934$5,120,196$3,555,047$11,661,786
79$17,199,904$5,281,784$3,584,840$12,642,363
80$18,862,180$5,448,477$3,612,818$13,718,121
81$20,691,107$5,620,437$3,638,831$14,898,675
82$22,703,591$5,797,829$3,662,724$16,194,618
83$24,918,261$5,980,827$3,684,329$17,617,626
84$27,355,643$6,169,607$3,703,473$19,180,560
85$30,038,353$6,364,352$3,719,974$20,897,596
86$32,991,311$6,565,251$3,733,639$22,784,353
87$36,241,976$6,772,500$3,744,267$24,858,044
88$39,820,604$6,986,298$3,751,646$27,137,636
89$43,760,533$7,206,854$3,755,554$29,644,028
90$48,098,498$7,434,382$3,755,756$32,400,255
91$52,874,980$7,669,101$3,752,009$35,431,696
92$58,134,581$7,911,241$3,744,055$38,766,321
93$63,926,452$8,161,035$3,731,624$42,434,951
94$70,304,752$8,418,727$3,714,435$46,471,551
95$77,329,158$8,684,567$3,692,190$50,913,552
96$85,065,434$8,958,812$3,664,580$55,802,199
97$93,586,044$9,241,729$3,631,279$61,182,947
98$102,970,840$9,533,594$3,591,947$67,105,885
99$113,307,814$9,834,688$3,546,226$73,626,215
100$124,693,930$10,145,306$3,493,742$80,804,766