Can I retire at age 59 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$224,615$222,614$220,662$218,757$216,897$213,744
2 years$111,196$109,125$107,118$105,172$103,284$100,114
3 years$73,394$71,314$69,312$67,384$65,528$62,439
4 years$54,497$52,423$50,442$48,547$46,735$43,752
5 years$43,162$41,101$39,145$37,289$35,527$32,658
6 years$35,607$33,562$31,635$29,820$28,111$25,360
7 years$30,213$28,185$26,289$24,517$22,862$20,229
8 years$26,170$24,160$22,295$20,566$18,966$16,451
9 years$23,027$21,035$19,203$17,518$15,972$13,574
10 years$20,513$18,542$16,741$15,101$13,609$11,326
11 years$18,458$16,507$14,739$13,142$11,704$9,533
12 years$16,747$14,815$13,080$11,527$10,143$8,082
13 years$15,300$13,389$11,686$10,177$8,845$6,891
14 years$14,061$12,170$10,500$9,034$7,753$5,904
15 years$12,988$11,118$9,480$8,057$6,827$5,078
16 years$12,051$10,200$8,595$7,214$6,033$4,382
17 years$11,224$9,394$7,821$6,482$5,350$3,792
18 years$10,490$8,680$7,140$5,841$4,757$3,290
19 years$9,834$8,045$6,536$5,278$4,240$2,860
20 years$9,244$7,476$5,999$4,780$3,787$2,490
21 years$8,712$6,963$5,518$4,338$3,389$2,172
22 years$8,228$6,500$5,085$3,945$3,038$1,897
23 years$7,787$6,079$4,695$3,592$2,727$1,658
24 years$7,383$5,696$4,342$3,277$2,451$1,451
25 years$7,013$5,345$4,022$2,992$2,205$1,271
26 years$6,671$5,024$3,730$2,736$1,987$1,114
27 years$6,355$4,728$3,464$2,504$1,791$977
28 years$6,062$4,455$3,220$2,295$1,616$857
29 years$5,790$4,203$2,997$2,104$1,459$753
30 years$5,537$3,969$2,791$1,931$1,319$661
31 years$5,300$3,752$2,602$1,774$1,192$581
32 years$5,079$3,550$2,428$1,630$1,078$510
33 years$4,871$3,362$2,267$1,499$976$449
34 years$4,676$3,187$2,118$1,379$884$395
35 years$4,493$3,023$1,980$1,270$800$347
36 years$4,320$2,869$1,852$1,169$725$305
37 years$4,157$2,725$1,734$1,077$657$269
38 years$4,003$2,589$1,624$993$596$237
39 years$3,857$2,462$1,521$916$540$208
40 years$3,719$2,343$1,426$844$490$183
41 years$3,588$2,230$1,337$779$445$161
42 years$3,463$2,124$1,254$719$403$142
43 years$3,345$2,024$1,177$664$366$125
44 years$3,232$1,929$1,105$613$332$110
45 years$3,124$1,839$1,037$566$302$97
46 years$3,022$1,755$974$523$274$85
47 years$2,924$1,674$915$483$249$75
48 years$2,831$1,599$860$446$226$66
49 years$2,741$1,526$808$412$205$58
50 years$2,656$1,458$760$381$186$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,720,000, adding $5,704 every year, while hoping to spend $22,619 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: 58/30/12 Blend
58$2,720,000$2,720,000$2,720,000$2,720,000
59$3,003,324$2,859,164$2,817,004$3,168,290
60$3,285,596$2,975,196$2,887,307$3,396,274
61$3,595,903$3,096,156$2,959,207$3,641,652
62$3,937,078$3,222,261$3,032,734$3,908,582
63$4,312,247$3,353,739$3,107,918$4,199,138
64$4,724,851$3,490,827$3,184,788$4,515,598
65$5,178,682$3,633,774$3,263,375$4,860,468
66$5,677,919$3,782,841$3,343,709$5,236,503
67$6,227,166$3,938,298$3,425,822$5,646,737
68$6,831,493$4,100,431$3,509,743$6,094,503
69$7,496,490$4,269,537$3,595,504$6,583,472
70$8,228,314$4,445,927$3,683,136$7,117,681
71$9,033,751$4,629,926$3,772,670$7,701,573
72$9,920,276$4,821,875$3,864,137$8,340,038
73$10,896,127$5,022,130$3,957,568$9,038,456
74$11,970,380$5,231,062$4,052,995$9,802,749
75$13,153,037$5,449,062$4,150,448$10,639,438
76$14,455,117$5,676,537$4,249,959$11,555,697
77$15,888,765$5,913,913$4,351,558$12,559,427
78$17,467,360$6,161,635$4,455,276$13,659,323
79$19,205,647$6,420,172$4,561,144$14,864,961
80$21,119,872$6,690,010$4,669,192$16,186,882
81$23,227,939$6,971,660$4,779,450$17,636,694
82$25,549,575$7,265,658$4,891,948$19,227,177
83$28,106,518$7,572,561$5,006,714$20,972,405
84$30,922,722$7,892,956$5,123,778$22,887,876
85$34,024,583$8,227,454$5,243,168$24,990,659
86$37,441,187$8,576,696$5,364,911$27,299,550
87$41,204,588$8,941,353$5,489,035$29,835,248
88$45,350,103$9,322,127$5,615,565$32,620,555
89$49,916,655$9,719,753$5,744,528$35,680,579
90$54,947,132$10,134,998$5,875,947$39,042,980
91$60,488,794$10,568,669$6,009,847$42,738,221
92$66,593,724$11,021,606$6,146,249$46,799,859
93$73,319,312$11,494,692$6,285,176$51,264,854
94$80,728,799$11,988,850$6,426,647$56,173,923
95$88,891,879$12,505,046$6,570,682$61,571,916
96$97,885,347$13,044,290$6,717,297$67,508,240
97$107,793,834$13,607,642$6,866,508$74,037,321
98$118,710,599$14,196,210$7,018,330$81,219,118
99$130,738,410$14,811,154$7,172,774$89,119,682
100$143,990,517$15,453,690$7,329,850$97,811,784