Can I retire at age 59 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$203,145$201,335$199,570$197,846$196,164$191,266
2 years$100,567$98,694$96,878$95,118$93,411$88,508
3 years$66,378$64,497$62,687$60,943$59,264$54,509
4 years$49,288$47,412$45,620$43,906$42,268$37,696
5 years$39,036$37,172$35,403$33,724$32,131$27,757
6 years$32,204$30,354$28,611$26,970$25,424$21,251
7 years$27,325$25,491$23,776$22,173$20,677$16,706
8 years$23,668$21,850$20,164$18,600$17,153$13,382
9 years$20,825$19,025$17,367$15,843$14,446$10,871
10 years$18,552$16,769$15,141$13,657$12,308$8,927
11 years$16,694$14,929$13,330$11,886$10,586$7,392
12 years$15,146$13,399$11,830$10,426$9,173$6,162
13 years$13,838$12,109$10,569$9,204$7,999$5,164
14 years$12,717$11,007$9,496$8,170$7,012$4,347
15 years$11,747$10,055$8,574$7,287$6,174$3,672
16 years$10,899$9,225$7,774$6,524$5,457$3,111
17 years$10,151$8,496$7,074$5,862$4,838$2,643
18 years$9,487$7,851$6,457$5,283$4,302$2,250
19 years$8,894$7,276$5,911$4,774$3,834$1,918
20 years$8,361$6,761$5,425$4,323$3,425$1,638
21 years$7,879$6,298$4,990$3,924$3,065$1,401
22 years$7,441$5,879$4,599$3,568$2,747$1,199
23 years$7,043$5,498$4,247$3,249$2,466$1,027
24 years$6,678$5,152$3,927$2,963$2,217$881
25 years$6,342$4,834$3,637$2,706$1,995$755
26 years$6,033$4,544$3,374$2,474$1,797$648
27 years$5,748$4,276$3,133$2,265$1,620$557
28 years$5,483$4,029$2,912$2,075$1,462$478
29 years$5,237$3,801$2,710$1,903$1,320$411
30 years$5,007$3,590$2,524$1,746$1,193$354
31 years$4,793$3,394$2,353$1,604$1,078$304
32 years$4,593$3,211$2,196$1,474$975$262
33 years$4,405$3,041$2,050$1,356$883$225
34 years$4,229$2,882$1,916$1,247$799$194
35 years$4,063$2,734$1,791$1,148$724$167
36 years$3,907$2,595$1,675$1,057$656$143
37 years$3,760$2,464$1,568$974$594$123
38 years$3,620$2,342$1,468$898$539$106
39 years$3,488$2,227$1,376$828$489$91
40 years$3,363$2,119$1,290$764$443$79
41 years$3,245$2,017$1,209$705$402$68
42 years$3,132$1,921$1,134$650$365$58
43 years$3,025$1,830$1,064$600$331$50
44 years$2,923$1,744$999$554$301$43
45 years$2,826$1,664$938$512$273$37
46 years$2,733$1,587$881$473$248$32
47 years$2,645$1,514$828$437$225$28
48 years$2,560$1,446$778$404$204$24
49 years$2,479$1,381$731$373$186$21
50 years$2,402$1,319$687$345$169$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,460,000, adding $5,658 every year, while hoping to spend $20,200 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: 46/34/20 Blend
58$2,460,000$2,460,000$2,460,000$2,460,000
59$2,716,756$2,586,376$2,548,246$2,825,947
60$2,972,373$2,691,616$2,612,120$3,008,183
61$3,253,385$2,801,336$2,677,456$3,203,319
62$3,562,362$2,915,733$2,744,283$3,414,608
63$3,902,135$3,035,016$2,812,628$3,643,567
64$4,275,821$3,159,400$2,882,520$3,891,858
65$4,686,857$3,289,113$2,953,986$4,161,309
66$5,139,028$3,424,391$3,027,056$4,453,931
67$5,636,505$3,565,482$3,101,759$4,771,932
68$6,183,884$3,712,646$3,178,123$5,117,740
69$6,786,227$3,866,153$3,256,177$5,494,025
70$7,449,115$4,026,286$3,335,951$5,903,721
71$8,178,693$4,193,343$3,417,475$6,350,058
72$8,981,737$4,367,634$3,500,777$6,836,585
73$9,865,709$4,549,483$3,585,888$7,367,207
74$10,838,832$4,739,229$3,672,836$7,946,221
75$11,910,169$4,937,227$3,761,652$8,578,353
76$13,089,705$5,143,849$3,852,366$9,268,804
77$14,388,441$5,359,484$3,945,006$10,023,294
78$15,818,501$5,584,538$4,039,603$10,848,122
79$17,393,244$5,819,436$4,136,186$11,750,216
80$19,127,390$6,064,624$4,234,784$12,737,204
81$21,037,161$6,320,567$4,335,425$13,817,481
82$23,140,429$6,587,753$4,438,140$15,000,286
83$25,456,892$6,866,692$4,542,957$16,295,793
84$28,008,252$7,157,916$4,649,903$17,715,200
85$30,818,425$7,461,986$4,759,006$19,270,834
86$33,913,766$7,779,485$4,870,295$20,976,271
87$37,323,316$8,111,026$4,983,795$22,846,454
88$41,079,075$8,457,247$5,099,533$24,897,840
89$45,216,309$8,818,820$5,217,536$27,148,549
90$49,773,876$9,196,446$5,337,827$29,618,537
91$54,794,599$9,590,859$5,460,431$32,329,776
92$60,325,664$10,002,828$5,585,372$35,306,466
93$66,419,072$10,433,156$5,712,672$38,575,258
94$73,132,123$10,882,687$5,842,352$42,165,505
95$80,527,962$11,352,301$5,974,434$46,109,534
96$88,676,172$11,842,921$6,108,935$50,442,952
97$97,653,432$12,355,515$6,245,875$55,204,977
98$107,544,240$12,891,092$6,385,269$60,438,807
99$118,441,709$13,450,713$6,527,133$66,192,024
100$130,448,452$14,035,486$6,671,479$72,517,043