Can I retire at age 59 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$203,970$202,153$200,381$198,651$196,961$192,906
2 years$100,975$99,095$97,272$95,505$93,791$89,724
3 years$66,648$64,760$62,942$61,191$59,505$55,552
4 years$49,488$47,605$45,805$44,085$42,439$38,632
5 years$39,195$37,323$35,547$33,861$32,262$28,611
6 years$32,335$30,477$28,727$27,079$25,528$22,037
7 years$27,436$25,595$23,872$22,263$20,761$17,431
8 years$23,765$21,939$20,246$18,676$17,223$14,053
9 years$20,910$19,102$17,438$15,908$14,504$11,492
10 years$18,628$16,838$15,202$13,713$12,358$9,501
11 years$16,762$14,989$13,384$11,934$10,629$7,922
12 years$15,208$13,454$11,878$10,468$9,211$6,652
13 years$13,894$12,158$10,612$9,242$8,032$5,616
14 years$12,769$11,052$9,535$8,204$7,041$4,763
15 years$11,795$10,096$8,609$7,316$6,199$4,054
16 years$10,943$9,263$7,805$6,551$5,479$3,462
17 years$10,192$8,531$7,102$5,886$4,858$2,964
18 years$9,526$7,883$6,484$5,304$4,319$2,544
19 years$8,930$7,306$5,935$4,793$3,850$2,187
20 years$8,395$6,789$5,447$4,341$3,439$1,883
21 years$7,911$6,323$5,010$3,940$3,077$1,624
22 years$7,472$5,903$4,618$3,582$2,758$1,402
23 years$7,071$5,521$4,264$3,262$2,476$1,211
24 years$6,705$5,172$3,943$2,975$2,226$1,047
25 years$6,368$4,854$3,652$2,717$2,003$907
26 years$6,058$4,562$3,387$2,485$1,804$785
27 years$5,771$4,293$3,145$2,274$1,626$680
28 years$5,505$4,046$2,924$2,084$1,468$590
29 years$5,258$3,817$2,721$1,911$1,325$511
30 years$5,028$3,604$2,535$1,754$1,197$444
31 years$4,813$3,407$2,363$1,611$1,083$385
32 years$4,612$3,224$2,205$1,480$979$334
33 years$4,423$3,053$2,058$1,361$886$290
34 years$4,246$2,894$1,923$1,252$802$252
35 years$4,080$2,745$1,798$1,153$727$219
36 years$3,923$2,605$1,682$1,062$658$190
37 years$3,775$2,474$1,574$978$597$165
38 years$3,635$2,351$1,474$902$541$144
39 years$3,502$2,236$1,381$831$491$125
40 years$3,377$2,127$1,295$767$445$108
41 years$3,258$2,025$1,214$707$404$94
42 years$3,145$1,929$1,139$653$366$82
43 years$3,037$1,838$1,069$603$332$71
44 years$2,935$1,752$1,003$557$302$62
45 years$2,837$1,670$942$514$274$54
46 years$2,744$1,593$885$475$249$47
47 years$2,655$1,521$831$439$226$41
48 years$2,570$1,452$781$405$205$35
49 years$2,489$1,386$734$375$186$31
50 years$2,412$1,324$690$346$169$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,470,000, adding $5,884 every year, while hoping to spend $38,902 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: 70/6/24 Blend
58$2,470,000$2,470,000$2,470,000$2,470,000
59$2,728,009$2,597,099$2,558,814$2,902,036
60$2,964,875$2,682,966$2,603,143$3,105,064
61$3,224,597$2,771,736$2,647,653$3,322,148
62$3,509,466$2,863,511$2,692,309$3,558,860
63$3,822,004$2,958,395$2,737,074$3,817,141
64$4,164,990$3,056,498$2,781,908$4,099,134
65$4,541,484$3,157,932$2,826,768$4,407,194
66$4,954,859$3,262,814$2,871,607$4,743,920
67$5,408,827$3,371,265$2,916,379$5,112,171
68$5,907,480$3,483,409$2,961,030$5,515,099
69$6,455,324$3,599,378$3,005,506$5,956,175
70$7,057,325$3,719,305$3,049,748$6,439,223
71$7,718,952$3,843,331$3,093,695$6,968,455
72$8,446,232$3,971,600$3,137,280$7,548,514
73$9,245,802$4,104,263$3,180,433$8,184,511
74$10,124,976$4,241,475$3,223,081$8,882,082
75$11,091,814$4,383,398$3,265,144$9,647,433
76$12,155,194$4,530,199$3,306,541$10,487,402
77$13,324,896$4,682,051$3,347,183$11,409,525
78$14,611,699$4,839,135$3,386,977$12,422,105
79$16,027,478$5,001,638$3,425,826$13,534,288
80$17,585,315$5,169,753$3,463,626$14,756,154
81$19,299,627$5,343,681$3,500,267$16,098,810
82$21,186,299$5,523,631$3,535,636$17,574,494
83$23,262,831$5,709,819$3,569,610$19,196,689
84$25,548,509$5,902,469$3,602,061$20,980,254
85$28,064,582$6,101,815$3,632,854$22,941,564
86$30,834,462$6,308,097$3,661,848$25,098,658
87$33,883,951$6,521,567$3,688,893$27,471,418
88$37,241,475$6,742,485$3,713,832$30,081,750
89$40,938,359$6,971,120$3,736,499$32,953,796
90$45,009,120$7,207,754$3,756,721$36,114,155
91$49,491,794$7,452,677$3,774,314$39,592,140
92$54,428,289$7,706,191$3,789,086$43,420,054
93$59,864,790$7,968,609$3,800,836$47,633,492
94$65,852,186$8,240,258$3,809,351$52,271,677
95$72,446,553$8,521,475$3,814,408$57,377,834
96$79,709,685$8,812,611$3,815,775$62,999,596
97$87,709,674$9,114,030$3,813,205$69,189,450
98$96,521,555$9,426,112$3,806,442$76,005,238
99$106,228,011$9,749,249$3,795,214$83,510,700
100$116,920,155$10,083,849$3,779,241$91,776,078