Can I retire at age 59 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$199,016$197,243$195,513$193,825$192,177$186,774
2 years$98,523$96,688$94,909$93,185$91,513$86,111
3 years$65,029$63,186$61,413$59,705$58,059$52,827
4 years$48,286$46,449$44,693$43,014$41,408$36,386
5 years$38,243$36,416$34,683$33,039$31,478$26,680
6 years$31,549$29,737$28,029$26,421$24,908$20,338
7 years$26,770$24,973$23,292$21,722$20,256$15,915
8 years$23,187$21,406$19,754$18,222$16,805$12,689
9 years$20,402$18,638$17,014$15,521$14,152$10,259
10 years$18,175$16,429$14,833$13,380$12,058$8,382
11 years$16,355$14,625$13,059$11,644$10,370$6,905
12 years$14,839$13,127$11,589$10,214$8,987$5,726
13 years$13,557$11,863$10,354$9,017$7,837$4,773
14 years$12,459$10,783$9,303$8,004$6,870$3,995
15 years$11,508$9,851$8,400$7,138$6,049$3,356
16 years$10,677$9,038$7,616$6,392$5,346$2,828
17 years$9,945$8,323$6,930$5,743$4,740$2,388
18 years$9,294$7,691$6,326$5,176$4,214$2,021
19 years$8,713$7,128$5,791$4,677$3,756$1,713
20 years$8,191$6,624$5,315$4,236$3,355$1,454
21 years$7,719$6,170$4,889$3,844$3,003$1,235
22 years$7,290$5,759$4,506$3,495$2,691$1,051
23 years$6,899$5,387$4,160$3,183$2,416$895
24 years$6,542$5,047$3,848$2,903$2,172$762
25 years$6,213$4,736$3,564$2,651$1,954$650
26 years$5,911$4,451$3,305$2,424$1,760$554
27 years$5,631$4,189$3,069$2,219$1,587$473
28 years$5,371$3,947$2,853$2,033$1,432$404
29 years$5,130$3,724$2,655$1,864$1,293$345
30 years$4,906$3,517$2,473$1,711$1,168$294
31 years$4,696$3,325$2,306$1,571$1,056$251
32 years$4,500$3,146$2,151$1,444$955$215
33 years$4,316$2,979$2,008$1,328$865$184
34 years$4,143$2,823$1,877$1,222$783$157
35 years$3,981$2,678$1,755$1,125$709$134
36 years$3,828$2,542$1,641$1,036$642$115
37 years$3,683$2,414$1,536$954$582$98
38 years$3,547$2,294$1,439$880$528$84
39 years$3,417$2,182$1,348$811$479$72
40 years$3,295$2,076$1,263$748$434$61
41 years$3,179$1,976$1,185$690$394$52
42 years$3,068$1,882$1,111$637$357$45
43 years$2,963$1,793$1,043$588$324$38
44 years$2,863$1,709$979$543$294$33
45 years$2,768$1,630$919$501$267$28
46 years$2,677$1,555$863$463$243$24
47 years$2,591$1,484$811$428$220$21
48 years$2,508$1,416$762$395$200$18
49 years$2,429$1,353$716$365$182$15
50 years$2,353$1,292$673$338$165$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,410,000, adding $2,575 every year, while hoping to spend $31,351 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: 33/46/21 Blend
58$2,410,000$2,410,000$2,410,000$2,410,000
59$2,658,476$2,530,746$2,493,391$2,728,953
60$2,896,283$2,621,395$2,543,562$2,872,342
61$3,157,296$2,715,436$2,594,364$3,023,732
62$3,443,849$2,813,000$2,645,783$3,186,247
63$3,758,512$2,914,228$2,697,807$3,360,885
64$4,104,117$3,019,262$2,750,421$3,548,743
65$4,483,784$3,128,253$2,803,607$3,751,024
66$4,900,950$3,241,358$2,857,348$3,969,050
67$5,359,402$3,358,739$2,911,624$4,204,271
68$5,863,310$3,480,567$2,966,413$4,458,283
69$6,417,271$3,607,017$3,021,691$4,732,836
70$7,026,346$3,738,274$3,077,431$5,029,854
71$7,696,114$3,874,530$3,133,605$5,351,454
72$8,432,720$4,015,985$3,190,184$5,699,959
73$9,242,936$4,162,847$3,247,133$6,077,925
74$10,134,221$4,315,332$3,304,418$6,488,162
75$11,114,795$4,473,667$3,362,000$6,933,760
76$12,193,715$4,638,087$3,419,837$7,418,118
77$13,380,958$4,808,838$3,477,886$7,944,973
78$14,687,521$4,986,175$3,536,100$8,518,436
79$16,125,516$5,170,366$3,594,427$9,143,032
80$17,708,292$5,361,688$3,652,814$9,823,737
81$19,450,558$5,560,430$3,711,204$10,566,027
82$21,368,520$5,766,896$3,769,534$11,375,928
83$23,480,035$5,981,400$3,827,739$12,260,072
84$25,804,780$6,204,270$3,885,750$13,225,759
85$28,364,437$6,435,849$3,943,492$14,281,022
86$31,182,897$6,676,494$4,000,887$15,434,705
87$34,286,488$6,926,577$4,057,851$16,696,543
88$37,704,216$7,186,486$4,114,296$18,077,255
89$41,468,050$7,456,627$4,170,128$19,588,640
90$45,613,211$7,737,422$4,225,248$21,243,691
91$50,178,514$8,029,311$4,279,550$23,056,711
92$55,206,730$8,332,755$4,332,922$25,043,454
93$60,744,990$8,648,233$4,385,248$27,221,264
94$66,845,228$8,976,245$4,436,403$29,609,242
95$73,564,674$9,317,314$4,486,255$32,228,426
96$80,966,392$9,671,984$4,534,666$35,101,981
97$89,119,876$10,040,824$4,581,490$38,255,422
98$98,101,706$10,424,426$4,626,572$41,716,852
99$107,996,267$10,823,411$4,669,750$45,517,221
100$118,896,552$11,238,424$4,710,852$49,690,622