Can I retire at age 59 with 2,850,000?

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 $2,850,000?

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$235,350$233,254$231,209$229,212$227,263$218,160
2 years$116,510$114,340$112,237$110,198$108,220$99,164
3 years$76,902$74,723$72,625$70,605$68,660$59,934
4 years$57,102$54,929$52,852$50,867$48,969$40,641
5 years$45,225$43,065$41,016$39,071$37,225$29,316
6 years$37,309$35,166$33,147$31,245$29,455$21,970
7 years$31,657$29,532$27,545$25,688$23,955$16,891
8 years$27,421$25,315$23,360$21,549$19,873$13,223
9 years$24,127$22,041$20,120$18,355$16,736$10,489
10 years$21,494$19,428$17,541$15,822$14,260$8,404
11 years$19,341$17,296$15,443$13,770$12,264$6,786
12 years$17,548$15,524$13,705$12,078$10,628$5,512
13 years$16,032$14,029$12,245$10,663$9,267$4,498
14 years$14,733$12,752$11,002$9,466$8,124$3,685
15 years$13,609$11,649$9,933$8,442$7,153$3,029
16 years$12,627$10,688$9,006$7,559$6,322$2,495
17 years$11,760$9,843$8,195$6,791$5,605$2,059
18 years$10,991$9,095$7,481$6,120$4,984$1,703
19 years$10,304$8,429$6,849$5,530$4,442$1,410
20 years$9,686$7,833$6,285$5,009$3,968$1,169
21 years$9,128$7,296$5,781$4,546$3,551$969
22 years$8,621$6,811$5,328$4,133$3,183$805
23 years$8,159$6,370$4,920$3,764$2,857$669
24 years$7,736$5,968$4,550$3,433$2,568$556
25 years$7,348$5,601$4,214$3,135$2,311$462
26 years$6,990$5,264$3,908$2,867$2,082$385
27 years$6,659$4,954$3,629$2,624$1,877$320
28 years$6,352$4,668$3,374$2,404$1,693$266
29 years$6,067$4,404$3,140$2,205$1,529$222
30 years$5,801$4,159$2,925$2,023$1,382$185
31 years$5,553$3,932$2,726$1,858$1,249$154
32 years$5,321$3,720$2,544$1,708$1,130$128
33 years$5,104$3,523$2,375$1,570$1,023$107
34 years$4,900$3,339$2,219$1,445$926$89
35 years$4,708$3,167$2,075$1,330$839$74
36 years$4,526$3,006$1,941$1,225$760$62
37 years$4,356$2,855$1,817$1,129$689$51
38 years$4,194$2,713$1,701$1,040$624$43
39 years$4,041$2,580$1,594$959$566$36
40 years$3,896$2,455$1,494$885$513$30
41 years$3,759$2,337$1,401$816$466$25
42 years$3,628$2,225$1,314$753$423$21
43 years$3,504$2,120$1,233$695$384$17
44 years$3,386$2,021$1,157$642$348$14
45 years$3,274$1,927$1,087$593$316$12
46 years$3,166$1,839$1,021$548$287$10
47 years$3,064$1,755$959$506$261$8
48 years$2,966$1,675$901$468$237$7
49 years$2,872$1,599$847$432$215$6
50 years$2,783$1,528$796$399$195$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,850,000, adding $3,052 every year, while hoping to spend $25,883 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: 24/46/30 Blend
58$2,850,000$2,850,000$2,850,000$2,850,000
59$3,143,848$2,992,798$2,948,623$3,189,671
60$3,436,981$3,111,906$3,019,863$3,348,512
61$3,759,147$3,235,983$3,092,621$3,516,199
62$4,113,278$3,365,244$3,166,923$3,695,321
63$4,502,608$3,499,916$3,242,790$3,886,851
64$4,930,697$3,640,236$3,320,247$4,091,852
65$5,401,469$3,786,448$3,399,316$4,311,487
66$5,919,247$3,938,813$3,480,021$4,547,031
67$6,488,794$4,097,598$3,562,385$4,799,881
68$7,115,357$4,263,086$3,646,431$5,071,569
69$7,804,717$4,435,570$3,732,180$5,363,772
70$8,563,245$4,615,360$3,819,655$5,678,330
71$9,397,960$4,802,777$3,908,877$6,017,263
72$10,316,595$4,998,157$3,999,869$6,382,783
73$11,327,673$5,201,852$4,092,649$6,777,323
74$12,440,583$5,414,230$4,187,240$7,203,548
75$13,665,670$5,635,675$4,283,661$7,664,386
76$15,014,335$5,866,589$4,381,930$8,163,054
77$16,499,139$6,107,394$4,482,066$8,703,081
78$18,133,923$6,358,528$4,584,087$9,288,347
79$19,933,939$6,620,451$4,688,010$9,923,111
80$21,915,992$6,893,645$4,793,850$10,612,057
81$24,098,603$7,178,613$4,901,623$11,360,329
82$26,502,175$7,475,880$5,011,342$12,173,583
83$29,149,196$7,785,997$5,123,021$13,058,034
84$32,064,442$8,109,539$5,236,671$14,020,519
85$35,275,218$8,447,109$5,352,302$15,068,551
86$38,811,609$8,799,336$5,469,922$16,210,396
87$42,706,769$9,166,880$5,589,541$17,455,140
88$46,997,231$9,550,428$5,711,162$18,812,782
89$51,723,252$9,950,704$5,834,790$20,294,318
90$56,929,196$10,368,460$5,960,428$21,911,846
91$62,663,946$10,804,487$6,088,074$23,678,676
92$68,981,372$11,259,610$6,217,728$25,609,452
93$75,940,836$11,734,694$6,349,385$27,720,292
94$83,607,750$12,230,643$6,483,039$30,028,930
95$92,054,199$12,748,404$6,618,679$32,554,885
96$101,359,618$13,288,966$6,756,296$35,319,639
97$111,611,540$13,853,366$6,895,873$38,346,840
98$122,906,425$14,442,690$7,037,392$41,662,518
99$135,350,570$15,058,070$7,180,834$45,295,326
100$149,061,109$15,700,697$7,326,173$49,276,811