Can I retire at age 59 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$227,918$225,888$223,907$221,974$220,086$218,060
2 years$112,831$110,729$108,693$106,718$104,803$102,762
3 years$74,473$72,363$70,331$68,375$66,491$64,498
4 years$55,298$53,194$51,183$49,261$47,422$45,492
5 years$43,796$41,705$39,720$37,837$36,050$34,189
6 years$36,131$34,055$32,100$30,258$28,525$26,735
7 years$30,658$28,600$26,675$24,877$23,198$21,481
8 years$26,555$24,515$22,623$20,869$19,245$17,600
9 years$23,365$21,345$19,485$17,776$16,207$14,634
10 years$20,815$18,814$16,987$15,323$13,809$12,306
11 years$18,730$16,749$14,955$13,335$11,877$10,443
12 years$16,993$15,033$13,273$11,697$10,292$8,926
13 years$15,525$13,586$11,858$10,327$8,975$7,676
14 years$14,268$12,349$10,655$9,167$7,867$6,633
15 years$13,179$11,281$9,620$8,175$6,927$5,756
16 years$12,228$10,350$8,722$7,320$6,122$5,012
17 years$11,389$9,532$7,936$6,577$5,428$4,377
18 years$10,644$8,808$7,245$5,927$4,827$3,833
19 years$9,979$8,163$6,632$5,356$4,302$3,363
20 years$9,380$7,586$6,087$4,851$3,843$2,957
21 years$8,840$7,066$5,599$4,402$3,439$2,604
22 years$8,349$6,596$5,160$4,003$3,082$2,296
23 years$7,901$6,169$4,764$3,645$2,767$2,028
24 years$7,492$5,780$4,406$3,325$2,487$1,792
25 years$7,116$5,424$4,081$3,036$2,238$1,586
26 years$6,769$5,098$3,785$2,776$2,016$1,404
27 years$6,449$4,798$3,515$2,541$1,817$1,244
28 years$6,151$4,521$3,267$2,328$1,640$1,104
29 years$5,875$4,265$3,041$2,135$1,481$979
30 years$5,618$4,028$2,832$1,959$1,338$869
31 years$5,378$3,807$2,640$1,800$1,210$772
32 years$5,153$3,603$2,464$1,654$1,094$686
33 years$4,943$3,412$2,300$1,521$990$610
34 years$4,745$3,234$2,149$1,399$897$542
35 years$4,559$3,067$2,009$1,288$812$482
36 years$4,384$2,911$1,880$1,186$736$429
37 years$4,218$2,765$1,759$1,093$667$381
38 years$4,062$2,628$1,648$1,008$605$339
39 years$3,914$2,499$1,544$929$548$302
40 years$3,773$2,377$1,447$857$497$269
41 years$3,640$2,263$1,357$791$451$239
42 years$3,514$2,155$1,273$730$409$213
43 years$3,394$2,053$1,194$673$372$190
44 years$3,279$1,957$1,121$622$337$169
45 years$3,170$1,866$1,052$574$306$151
46 years$3,066$1,780$989$530$278$134
47 years$2,967$1,699$929$490$252$119
48 years$2,872$1,622$873$453$229$106
49 years$2,782$1,549$820$419$208$95
50 years$2,695$1,480$771$387$189$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,760,000, adding $6,897 every year, while hoping to spend $33,371 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: 51/41/8 Blend
58$2,760,000$2,760,000$2,760,000$2,760,000
59$3,048,634$2,902,354$2,859,574$3,197,564
60$3,324,088$3,009,063$2,919,864$3,406,442
61$3,626,521$3,119,882$2,981,054$3,629,220
62$3,958,647$3,234,978$3,043,141$3,870,603
63$4,323,460$3,354,523$3,106,117$4,132,346
64$4,724,257$3,478,699$3,169,976$4,416,380
65$5,164,669$3,607,693$3,234,708$4,724,826
66$5,648,697$3,741,701$3,300,302$5,060,016
67$6,180,748$3,880,929$3,366,747$5,424,515
68$6,765,679$4,025,589$3,434,027$5,821,141
69$7,408,840$4,175,904$3,502,129$6,252,997
70$8,116,125$4,332,106$3,571,033$6,723,494
71$8,894,027$4,494,437$3,640,720$7,236,383
72$9,749,702$4,663,149$3,711,169$7,795,794
73$10,691,033$4,838,505$3,782,354$8,406,266
74$11,726,707$5,020,780$3,854,251$9,072,800
75$12,866,292$5,210,259$3,926,830$9,800,892
76$14,120,334$5,407,242$4,000,059$10,596,597
77$15,500,451$5,612,040$4,073,904$11,466,575
78$17,019,445$5,824,978$4,148,328$12,418,158
79$18,691,423$6,046,396$4,223,291$13,459,416
80$20,531,925$6,276,647$4,298,748$14,599,234
81$22,558,079$6,516,100$4,374,654$15,847,391
82$24,788,756$6,765,142$4,450,958$17,214,655
83$27,244,749$7,024,173$4,527,604$18,712,882
84$29,948,970$7,293,615$4,604,536$20,355,124
85$32,926,668$7,573,905$4,681,691$22,155,755
86$36,205,662$7,865,500$4,759,002$24,130,601
87$39,816,609$8,168,879$4,836,398$26,297,092
88$43,793,288$8,484,539$4,913,802$28,674,421
89$48,172,924$8,813,002$4,991,135$31,283,725
90$52,996,532$9,154,809$5,068,308$34,148,284
91$58,309,313$9,510,530$5,145,231$37,293,737
92$64,161,073$9,880,755$5,221,806$40,748,323
93$70,606,694$10,266,104$5,297,928$44,543,145
94$77,706,656$10,667,222$5,373,488$48,712,463
95$85,527,604$11,084,785$5,448,369$53,294,013
96$94,142,977$11,519,497$5,522,447$58,329,363
97$103,633,702$11,972,094$5,595,590$63,864,301
98$114,088,958$12,443,345$5,667,660$69,949,266
99$125,607,015$12,934,052$5,738,510$76,639,822
100$138,296,165$13,445,055$5,807,985$83,997,180