Can I retire at age 59 with 2,750,000?

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 $2,750,000?

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$227,092$225,070$223,096$221,170$219,289$210,505
2 years$112,422$110,328$108,299$106,332$104,423$95,684
3 years$74,204$72,101$70,077$68,128$66,250$57,831
4 years$55,098$53,002$50,998$49,082$47,250$39,215
5 years$43,638$41,554$39,576$37,700$35,919$28,288
6 years$36,000$33,932$31,984$30,149$28,421$21,199
7 years$30,547$28,496$26,579$24,787$23,114$16,298
8 years$26,458$24,426$22,541$20,793$19,175$12,759
9 years$23,280$21,268$19,414$17,711$16,149$10,121
10 years$20,740$18,746$16,926$15,267$13,759$8,109
11 years$18,662$16,689$14,901$13,287$11,834$6,548
12 years$16,932$14,979$13,224$11,655$10,255$5,318
13 years$15,469$13,537$11,815$10,289$8,942$4,341
14 years$14,216$12,304$10,616$9,134$7,839$3,556
15 years$13,132$11,240$9,585$8,146$6,902$2,922
16 years$12,184$10,313$8,690$7,293$6,100$2,407
17 years$11,348$9,498$7,908$6,553$5,409$1,987
18 years$10,606$8,776$7,219$5,906$4,809$1,643
19 years$9,943$8,134$6,608$5,336$4,286$1,360
20 years$9,346$7,558$6,065$4,833$3,829$1,128
21 years$8,808$7,040$5,578$4,386$3,426$935
22 years$8,319$6,572$5,141$3,988$3,071$777
23 years$7,873$6,146$4,747$3,632$2,757$645
24 years$7,465$5,759$4,390$3,313$2,478$536
25 years$7,090$5,404$4,066$3,025$2,230$446
26 years$6,744$5,079$3,771$2,766$2,008$371
27 years$6,425$4,780$3,502$2,532$1,811$309
28 years$6,129$4,504$3,256$2,320$1,634$257
29 years$5,854$4,249$3,030$2,127$1,475$214
30 years$5,598$4,013$2,822$1,952$1,333$178
31 years$5,359$3,794$2,631$1,793$1,205$148
32 years$5,135$3,590$2,455$1,648$1,090$124
33 years$4,925$3,399$2,292$1,515$987$103
34 years$4,728$3,222$2,141$1,394$893$86
35 years$4,542$3,056$2,002$1,284$809$71
36 years$4,368$2,900$1,873$1,182$733$59
37 years$4,203$2,755$1,753$1,089$664$50
38 years$4,047$2,618$1,642$1,004$602$41
39 years$3,899$2,489$1,538$926$546$34
40 years$3,760$2,369$1,442$854$495$29
41 years$3,627$2,255$1,352$788$449$24
42 years$3,501$2,147$1,268$727$408$20
43 years$3,381$2,046$1,190$671$370$17
44 years$3,267$1,950$1,117$620$336$14
45 years$3,159$1,860$1,049$572$305$12
46 years$3,055$1,774$985$529$277$10
47 years$2,956$1,693$925$488$251$8
48 years$2,862$1,616$870$451$228$7
49 years$2,771$1,543$817$417$207$6
50 years$2,685$1,474$768$385$188$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,750,000, adding $6,095 every year, while hoping to spend $25,027 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: 66/29/5 Blend
58$2,750,000$2,750,000$2,750,000$2,750,000
59$3,036,787$2,891,037$2,848,412$3,234,867
60$3,319,911$3,006,069$2,917,205$3,482,076
61$3,631,074$3,125,899$2,987,464$3,748,545
62$3,973,111$3,250,736$3,059,212$4,039,072
63$4,349,144$3,380,797$3,132,470$4,355,993
64$4,762,611$3,516,310$3,207,263$4,701,882
65$5,217,302$3,657,514$3,283,611$5,079,568
66$5,717,392$3,804,658$3,361,537$5,492,165
67$6,267,481$3,958,001$3,441,063$5,943,097
68$6,872,637$4,117,816$3,522,212$6,436,137
69$7,538,443$4,284,387$3,605,004$6,975,431
70$8,271,053$4,458,010$3,689,460$7,565,548
71$9,077,246$4,638,998$3,775,602$8,211,513
72$9,964,490$4,827,674$3,863,450$8,918,858
73$10,941,016$5,024,378$3,953,024$9,693,675
74$12,015,893$5,229,466$4,044,343$10,542,667
75$13,199,112$5,443,308$4,137,427$11,473,217
76$14,501,684$5,666,292$4,232,293$12,493,451
77$15,935,740$5,898,825$4,328,959$13,612,317
78$17,514,650$6,141,331$4,427,443$14,839,669
79$19,253,141$6,394,254$4,527,760$16,186,357
80$21,167,447$6,658,058$4,629,925$17,664,327
81$23,275,453$6,933,229$4,733,954$19,286,737
82$25,596,866$7,220,274$4,839,858$21,068,075
83$28,153,404$7,519,725$4,947,651$23,024,301
84$30,968,997$7,832,137$5,057,343$25,172,987
85$34,070,015$8,158,092$5,168,944$27,533,492
86$37,485,515$8,498,197$5,282,462$30,127,135
87$41,247,517$8,853,089$5,397,905$32,977,398
88$45,391,306$9,223,432$5,515,277$36,110,147
89$49,955,762$9,609,923$5,634,581$39,553,873
90$54,983,731$10,013,291$5,755,821$43,339,961
91$60,522,426$10,434,297$5,878,996$47,502,981
92$66,623,875$10,873,738$6,004,103$52,081,016
93$73,345,407$11,332,449$6,131,138$57,116,018
94$80,750,202$11,811,302$6,260,094$62,654,204
95$88,907,879$12,311,211$6,390,963$68,746,485
96$97,895,154$12,833,133$6,523,732$75,448,952
97$107,796,570$13,378,067$6,658,388$82,823,396
98$118,705,288$13,947,060$6,794,912$90,937,892
99$130,723,970$14,541,208$6,933,283$99,867,443
100$143,965,745$15,161,657$7,073,478$109,694,676