Can I retire at age 59 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$225,441$223,433$221,474$219,561$217,694$212,951
2 years$111,604$109,526$107,511$105,558$103,664$98,909
3 years$73,664$71,576$69,567$67,632$65,769$61,150
4 years$54,697$52,616$50,627$48,725$46,907$42,461
5 years$43,320$41,252$39,289$37,426$35,658$31,397
6 years$35,738$33,685$31,751$29,930$28,215$24,143
7 years$30,324$28,289$26,385$24,607$22,946$19,065
8 years$26,266$24,249$22,377$20,642$19,036$15,344
9 years$23,111$21,113$19,273$17,582$16,031$12,525
10 years$20,589$18,610$16,803$15,156$13,659$10,336
11 years$18,526$16,567$14,793$13,190$11,747$8,602
12 years$16,809$14,870$13,128$11,570$10,180$7,208
13 years$15,357$13,438$11,729$10,214$8,877$6,073
14 years$14,113$12,215$10,539$9,067$7,782$5,140
15 years$13,036$11,158$9,515$8,086$6,852$4,367
16 years$12,095$10,238$8,627$7,240$6,056$3,721
17 years$11,265$9,429$7,850$6,505$5,369$3,179
18 years$10,529$8,712$7,166$5,863$4,774$2,722
19 years$9,870$8,075$6,560$5,297$4,255$2,335
20 years$9,278$7,503$6,021$4,798$3,801$2,006
21 years$8,744$6,989$5,538$4,354$3,401$1,726
22 years$8,258$6,524$5,104$3,959$3,049$1,486
23 years$7,816$6,102$4,713$3,606$2,737$1,281
24 years$7,410$5,717$4,358$3,289$2,460$1,105
25 years$7,038$5,365$4,037$3,003$2,214$955
26 years$6,695$5,042$3,744$2,746$1,994$825
27 years$6,378$4,745$3,477$2,514$1,798$713
28 years$6,085$4,472$3,232$2,303$1,622$616
29 years$5,811$4,218$3,008$2,112$1,465$533
30 years$5,557$3,984$2,801$1,938$1,323$462
31 years$5,320$3,766$2,612$1,780$1,196$400
32 years$5,097$3,563$2,437$1,636$1,082$346
33 years$4,889$3,375$2,275$1,504$979$300
34 years$4,693$3,198$2,126$1,384$887$260
35 years$4,509$3,034$1,987$1,274$803$225
36 years$4,336$2,879$1,859$1,173$728$195
37 years$4,172$2,735$1,740$1,081$660$169
38 years$4,017$2,599$1,630$997$598$146
39 years$3,871$2,471$1,527$919$542$127
40 years$3,732$2,351$1,431$848$492$110
41 years$3,601$2,238$1,342$782$446$95
42 years$3,476$2,132$1,259$722$405$83
43 years$3,357$2,031$1,181$666$367$72
44 years$3,244$1,936$1,109$615$334$62
45 years$3,136$1,846$1,041$568$303$54
46 years$3,033$1,761$978$525$275$47
47 years$2,935$1,681$919$485$250$41
48 years$2,841$1,604$863$448$227$35
49 years$2,751$1,532$811$414$206$30
50 years$2,665$1,464$763$383$187$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,730,000, adding $5,008 every year, while hoping to spend $42,876 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: 38/36/26 Blend
58$2,730,000$2,730,000$2,730,000$2,730,000
59$3,013,626$2,868,936$2,826,621$3,104,616
60$3,275,396$2,963,894$2,875,693$3,266,587
61$3,562,429$3,062,068$2,924,972$3,437,195
62$3,877,258$3,163,570$2,974,419$3,620,748
63$4,222,671$3,268,517$3,023,994$3,818,446
64$4,601,738$3,377,029$3,073,653$4,031,609
65$5,017,843$3,489,232$3,123,348$4,261,689
66$5,474,713$3,605,254$3,173,030$4,510,282
67$5,976,453$3,725,231$3,222,646$4,779,143
68$6,527,584$3,849,300$3,272,138$5,070,204
69$7,133,090$3,977,608$3,321,447$5,385,589
70$7,798,457$4,110,303$3,370,507$5,727,636
71$8,529,733$4,247,540$3,419,252$6,098,917
72$9,333,577$4,389,481$3,467,608$6,502,263
73$10,217,328$4,536,292$3,515,500$6,940,789
74$11,189,071$4,688,146$3,562,845$7,417,924
75$12,257,714$4,845,223$3,609,557$7,937,444
76$13,433,070$5,007,708$3,655,547$8,503,504
77$14,725,952$5,175,795$3,700,716$9,120,679
78$16,148,273$5,349,683$3,744,965$9,794,005
79$17,713,160$5,529,580$3,788,184$10,529,031
80$19,435,074$5,715,702$3,830,260$11,331,862
81$21,329,952$5,908,271$3,871,074$12,209,224
82$23,415,352$6,107,521$3,910,499$13,168,524
83$25,710,618$6,313,690$3,948,402$14,217,917
84$28,237,070$6,527,030$3,984,642$15,366,389
85$31,018,194$6,747,797$4,019,071$16,623,831
86$34,079,873$6,976,263$4,051,533$18,001,144
87$37,450,625$7,212,704$4,081,863$19,510,329
88$41,161,873$7,457,411$4,109,890$21,164,610
89$45,248,244$7,710,684$4,135,432$22,978,551
90$49,747,893$7,972,835$4,158,296$24,968,196
91$54,702,862$8,244,188$4,178,283$27,151,221
92$60,159,479$8,525,079$4,195,181$29,547,095
93$66,168,795$8,815,856$4,208,768$32,177,268
94$72,787,061$9,116,883$4,218,812$35,065,373
95$80,076,266$9,428,535$4,225,067$38,237,442
96$88,104,715$9,751,203$4,227,276$41,722,158
97$96,947,677$10,085,293$4,225,171$45,551,123
98$106,688,094$10,431,226$4,218,468$49,759,151
99$117,417,364$10,789,440$4,206,871$54,384,604
100$129,236,202$11,160,390$4,190,068$59,469,745