Can I retire at age 59 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$231,221$229,162$227,152$225,191$223,276$216,476
2 years$114,466$112,334$110,268$108,265$106,322$99,529
3 years$75,553$73,412$71,351$69,366$67,455$60,883
4 years$56,100$53,965$51,925$49,975$48,109$41,808
5 years$44,431$42,309$40,296$38,385$36,572$30,558
6 years$36,655$34,549$32,565$30,697$28,938$23,218
7 years$31,102$29,014$27,062$25,238$23,535$18,107
8 years$26,940$24,870$22,951$21,171$19,524$14,386
9 years$23,704$21,654$19,767$18,033$16,442$11,588
10 years$21,117$19,087$17,234$15,545$14,010$9,432
11 years$19,001$16,992$15,172$13,529$12,049$7,741
12 years$17,240$15,251$13,465$11,866$10,441$6,393
13 years$15,750$13,783$12,030$10,476$9,105$5,308
14 years$14,475$12,528$10,809$9,300$7,981$4,425
15 years$13,370$11,445$9,759$8,294$7,027$3,701
16 years$12,405$10,500$8,848$7,426$6,211$3,105
17 years$11,554$9,670$8,051$6,672$5,507$2,611
18 years$10,799$8,936$7,350$6,013$4,896$2,199
19 years$10,123$8,282$6,728$5,433$4,364$1,856
20 years$9,516$7,696$6,175$4,921$3,898$1,568
21 years$8,968$7,168$5,680$4,466$3,489$1,326
22 years$8,470$6,691$5,235$4,061$3,127$1,123
23 years$8,016$6,258$4,833$3,698$2,807$951
24 years$7,601$5,864$4,470$3,373$2,523$807
25 years$7,219$5,503$4,140$3,080$2,270$684
26 years$6,867$5,172$3,840$2,816$2,045$581
27 years$6,542$4,867$3,566$2,578$1,844$493
28 years$6,241$4,586$3,315$2,362$1,664$419
29 years$5,961$4,327$3,085$2,166$1,502$356
30 years$5,700$4,086$2,873$1,988$1,357$303
31 years$5,456$3,863$2,679$1,826$1,227$257
32 years$5,228$3,655$2,499$1,678$1,110$219
33 years$5,014$3,461$2,334$1,543$1,005$186
34 years$4,814$3,280$2,180$1,420$910$158
35 years$4,625$3,111$2,038$1,307$824$134
36 years$4,447$2,953$1,907$1,204$746$114
37 years$4,279$2,805$1,785$1,109$677$97
38 years$4,120$2,666$1,671$1,022$613$83
39 years$3,970$2,535$1,566$942$556$70
40 years$3,828$2,412$1,468$869$504$60
41 years$3,693$2,296$1,376$802$458$51
42 years$3,565$2,186$1,291$740$415$43
43 years$3,443$2,083$1,211$683$377$37
44 years$3,327$1,986$1,137$631$342$31
45 years$3,216$1,893$1,068$583$311$27
46 years$3,111$1,806$1,003$538$282$23
47 years$3,010$1,724$942$497$256$19
48 years$2,914$1,646$885$459$233$16
49 years$2,822$1,571$832$425$211$14
50 years$2,734$1,501$782$392$192$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,800,000, adding $3,272 every year, while hoping to spend $35,345 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: 41/50/9 Blend
58$2,800,000$2,800,000$2,800,000$2,800,000
59$3,088,975$2,940,575$2,897,175$3,207,239
60$3,366,444$3,047,056$2,956,624$3,396,826
61$3,671,030$3,157,571$3,016,879$3,598,095
62$4,005,461$3,272,278$3,077,931$3,815,126
63$4,372,744$3,391,346$3,139,768$4,049,362
64$4,776,191$3,514,948$3,202,376$4,302,390
65$5,219,447$3,643,266$3,265,741$4,575,951
66$5,706,532$3,776,488$3,329,845$4,871,959
67$6,241,873$3,914,810$3,394,670$5,192,516
68$6,830,347$4,058,439$3,460,194$5,539,931
69$7,477,328$4,207,587$3,526,395$5,916,740
70$8,188,734$4,362,478$3,593,248$6,325,735
71$8,971,088$4,523,342$3,660,726$6,769,980
72$9,831,576$4,690,423$3,728,797$7,252,847
73$10,778,115$4,863,973$3,797,430$7,778,042
74$11,819,429$5,044,253$3,866,590$8,349,641
75$12,965,127$5,231,538$3,936,237$8,972,126
76$14,225,801$5,426,114$4,006,332$9,650,430
77$15,613,117$5,628,278$4,076,828$10,389,974
78$17,139,933$5,838,341$4,147,680$11,196,728
79$18,820,413$6,056,628$4,218,835$12,077,256
80$20,670,167$6,283,474$4,290,238$13,038,782
81$22,706,394$6,519,234$4,361,830$14,089,258
82$24,948,043$6,764,274$4,433,548$15,237,431
83$27,415,997$7,018,976$4,505,326$16,492,933
84$30,133,264$7,283,742$4,577,090$17,866,361
85$33,125,200$7,558,988$4,648,765$19,369,383
86$36,419,740$7,845,148$4,720,268$21,014,843
87$40,047,670$8,142,677$4,791,514$22,816,879
88$44,042,913$8,452,049$4,862,410$24,791,059
89$48,442,847$8,773,756$4,932,858$26,954,521
90$53,288,662$9,108,315$5,002,753$29,326,137
91$58,625,747$9,456,264$5,071,987$31,926,686
92$64,504,117$9,818,164$5,140,442$34,779,049
93$70,978,884$10,194,601$5,207,993$37,908,425
94$78,110,780$10,586,187$5,274,512$41,342,561
95$85,966,730$10,993,560$5,339,858$45,112,018
96$94,620,479$11,417,387$5,403,886$49,250,451
97$104,153,293$11,858,364$5,466,441$53,794,928
98$114,654,721$12,317,216$5,527,359$58,786,277
99$126,223,446$12,794,703$5,586,469$64,269,465
100$138,968,210$13,291,616$5,643,588$70,294,023