Can I retire at age 59 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$205,622$203,790$202,003$200,259$198,556$194,866
2 years$101,793$99,897$98,060$96,278$94,551$90,847
3 years$67,188$65,284$63,451$61,687$59,987$56,384
4 years$49,889$47,991$46,176$44,442$42,783$39,310
5 years$39,512$37,625$35,835$34,135$32,523$29,189
6 years$32,596$30,724$28,960$27,298$25,734$22,544
7 years$27,659$25,802$24,066$22,444$20,929$17,882
8 years$23,957$22,117$20,410$18,827$17,363$14,459
9 years$21,079$19,257$17,579$16,037$14,622$11,859
10 years$18,779$16,974$15,326$13,824$12,458$9,835
11 years$16,898$15,111$13,492$12,031$10,715$8,227
12 years$15,331$13,563$11,974$10,553$9,285$6,929
13 years$14,007$12,257$10,698$9,316$8,097$5,870
14 years$12,872$11,141$9,612$8,270$7,098$4,995
15 years$11,890$10,178$8,679$7,375$6,249$4,267
16 years$11,032$9,338$7,868$6,604$5,523$3,657
17 years$10,275$8,600$7,160$5,934$4,897$3,142
18 years$9,603$7,946$6,536$5,347$4,354$2,706
19 years$9,002$7,365$5,984$4,832$3,881$2,335
20 years$8,463$6,844$5,491$4,376$3,467$2,018
21 years$7,975$6,375$5,051$3,972$3,102$1,747
22 years$7,532$5,950$4,655$3,611$2,781$1,514
23 years$7,129$5,565$4,298$3,289$2,496$1,313
24 years$6,759$5,214$3,975$2,999$2,244$1,140
25 years$6,420$4,893$3,682$2,739$2,019$991
26 years$6,107$4,599$3,415$2,505$1,819$861
27 years$5,818$4,328$3,171$2,293$1,640$749
28 years$5,550$4,078$2,948$2,100$1,479$652
29 years$5,301$3,848$2,743$1,926$1,336$568
30 years$5,069$3,634$2,555$1,768$1,207$495
31 years$4,852$3,435$2,382$1,624$1,091$431
32 years$4,649$3,250$2,223$1,492$987$376
33 years$4,459$3,078$2,075$1,372$893$328
34 years$4,281$2,917$1,939$1,262$809$286
35 years$4,113$2,767$1,813$1,162$733$249
36 years$3,955$2,626$1,696$1,070$664$217
37 years$3,805$2,494$1,587$986$602$190
38 years$3,664$2,370$1,486$909$545$166
39 years$3,531$2,254$1,393$838$495$145
40 years$3,404$2,145$1,305$773$449$126
41 years$3,284$2,041$1,224$713$407$110
42 years$3,170$1,944$1,148$658$369$96
43 years$3,062$1,852$1,077$608$335$84
44 years$2,958$1,766$1,011$561$304$73
45 years$2,860$1,684$950$518$276$64
46 years$2,766$1,606$892$479$251$56
47 years$2,677$1,533$838$442$228$49
48 years$2,591$1,463$787$409$207$43
49 years$2,509$1,397$740$378$188$37
50 years$2,431$1,335$696$349$171$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,490,000, adding $2,615 every year, while hoping to spend $36,450 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: 69/26/5 Blend
58$2,490,000$2,490,000$2,490,000$2,490,000
59$2,746,677$2,614,707$2,576,112$2,934,546
60$2,988,056$2,704,046$2,623,630$3,148,424
61$3,252,833$2,796,540$2,671,517$3,377,561
62$3,543,358$2,892,306$2,719,749$3,627,188
63$3,862,217$2,991,465$2,768,296$3,899,305
64$4,212,258$3,094,141$2,817,129$4,196,111
65$4,596,620$3,200,466$2,866,215$4,520,025
66$5,018,761$3,310,575$2,915,519$4,873,712
67$5,482,489$3,424,607$2,965,003$5,260,105
68$5,991,999$3,542,709$3,014,626$5,682,430
69$6,551,913$3,665,032$3,064,347$6,144,242
70$7,167,324$3,791,734$3,114,118$6,649,454
71$7,843,840$3,922,979$3,163,891$7,202,372
72$8,587,643$4,058,936$3,213,612$7,807,741
73$9,405,542$4,199,783$3,263,227$8,470,784
74$10,305,038$4,345,703$3,312,676$9,197,251
75$11,294,396$4,496,887$3,361,895$9,993,476
76$12,382,724$4,653,534$3,410,818$10,866,436
77$13,580,055$4,815,850$3,459,373$11,823,812
78$14,897,443$4,984,049$3,507,485$12,874,064
79$16,347,070$5,158,356$3,555,074$14,026,512
80$17,942,357$5,339,001$3,602,055$15,291,420
81$19,698,092$5,526,226$3,648,338$16,680,094
82$21,630,569$5,720,283$3,693,828$18,204,986
83$23,757,741$5,921,431$3,738,426$19,879,816
84$26,099,391$6,129,942$3,782,024$21,719,694
85$28,677,319$6,346,098$3,824,511$23,741,267
86$31,515,542$6,570,194$3,865,769$25,962,872
87$34,640,528$6,802,534$3,905,673$28,404,711
88$38,081,440$7,043,436$3,944,091$31,089,040
89$41,870,414$7,293,231$3,980,885$34,040,377
90$46,042,860$7,552,264$4,015,908$37,285,734
91$50,637,798$7,820,891$4,049,008$40,854,872
92$55,698,224$8,099,486$4,080,021$44,780,576
93$61,271,518$8,388,436$4,108,777$49,098,972
94$67,409,889$8,688,145$4,135,096$53,849,857
95$74,170,867$8,999,033$4,158,791$59,077,082
96$81,617,847$9,321,538$4,179,662$64,828,962
97$89,820,688$9,656,114$4,197,502$71,158,729
98$98,856,370$10,003,235$4,212,090$78,125,035
99$108,809,722$10,363,396$4,223,197$85,792,506
100$119,774,221$10,737,110$4,230,582$94,232,347