Can I retire at age 59 with 2,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,500,000?

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$206,448$204,609$202,815$201,063$199,354$193,749
2 years$102,202$100,298$98,454$96,665$94,930$89,326
3 years$67,458$65,546$63,706$61,934$60,228$54,800
4 years$50,089$48,183$46,362$44,620$42,955$37,745
5 years$39,671$37,776$35,979$34,273$32,654$27,676
6 years$32,727$30,847$29,076$27,408$25,838$21,097
7 years$27,770$25,905$24,162$22,534$21,013$16,509
8 years$24,053$22,206$20,492$18,903$17,432$13,163
9 years$21,164$19,334$17,649$16,101$14,680$10,642
10 years$18,854$17,042$15,387$13,879$12,509$8,695
11 years$16,965$15,172$13,547$12,079$10,758$7,163
12 years$15,393$13,617$12,022$10,595$9,322$5,939
13 years$14,063$12,306$10,741$9,354$8,129$4,951
14 years$12,924$11,186$9,651$8,303$7,126$4,145
15 years$11,938$10,218$8,713$7,405$6,274$3,482
16 years$11,076$9,375$7,900$6,630$5,545$2,933
17 years$10,316$8,634$7,189$5,957$4,917$2,477
18 years$9,642$7,978$6,562$5,369$4,372$2,096
19 years$9,039$7,394$6,008$4,851$3,897$1,777
20 years$8,497$6,871$5,513$4,394$3,481$1,508
21 years$8,007$6,400$5,071$3,988$3,115$1,281
22 years$7,562$5,974$4,674$3,626$2,792$1,090
23 years$7,157$5,588$4,316$3,302$2,506$928
24 years$6,786$5,235$3,991$3,012$2,253$791
25 years$6,445$4,913$3,697$2,750$2,027$674
26 years$6,131$4,617$3,428$2,515$1,826$575
27 years$5,841$4,346$3,184$2,302$1,646$490
28 years$5,572$4,095$2,960$2,109$1,485$419
29 years$5,322$3,863$2,754$1,934$1,341$357
30 years$5,089$3,648$2,565$1,775$1,212$305
31 years$4,871$3,449$2,392$1,630$1,096$261
32 years$4,668$3,263$2,231$1,498$991$223
33 years$4,477$3,090$2,084$1,378$897$190
34 years$4,298$2,929$1,947$1,268$812$163
35 years$4,129$2,778$1,820$1,167$736$139
36 years$3,971$2,637$1,703$1,075$666$119
37 years$3,821$2,504$1,594$990$604$102
38 years$3,679$2,380$1,492$913$548$87
39 years$3,545$2,263$1,398$841$497$74
40 years$3,418$2,153$1,310$776$450$64
41 years$3,297$2,050$1,229$716$409$54
42 years$3,183$1,952$1,153$661$371$47
43 years$3,074$1,860$1,082$610$337$40
44 years$2,970$1,773$1,015$563$305$34
45 years$2,872$1,691$953$520$277$29
46 years$2,777$1,613$895$481$252$25
47 years$2,688$1,539$841$444$229$21
48 years$2,602$1,469$791$410$208$18
49 years$2,519$1,403$743$379$189$16
50 years$2,441$1,340$699$350$171$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,500,000, adding $4,424 every year, while hoping to spend $22,839 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: 55/28/17 Blend
58$2,500,000$2,500,000$2,500,000$2,500,000
59$2,759,563$2,627,063$2,588,313$2,898,602
60$3,016,738$2,731,489$2,650,721$3,098,292
61$3,299,380$2,840,266$2,714,455$3,312,806
62$3,610,061$2,953,583$2,779,533$3,545,887
63$3,951,617$3,071,639$2,845,978$3,799,315
64$4,327,172$3,194,639$2,913,808$4,075,047
65$4,740,167$3,322,800$2,983,044$4,375,236
66$5,194,393$3,456,346$3,053,705$4,702,251
67$5,694,029$3,595,515$3,125,811$5,058,695
68$6,243,676$3,740,551$3,199,383$5,447,434
69$6,848,406$3,891,714$3,274,437$5,871,621
70$7,513,807$4,049,271$3,350,994$6,334,726
71$8,246,035$4,213,505$3,429,072$6,840,564
72$9,051,873$4,384,710$3,508,689$7,393,339
73$9,938,797$4,563,193$3,589,862$7,997,673
74$10,915,041$4,749,276$3,672,609$8,658,655
75$11,989,680$4,943,296$3,756,947$9,381,889
76$13,172,713$5,145,603$3,842,891$10,173,539
77$14,475,159$5,356,567$3,930,457$11,040,395
78$15,909,157$5,576,570$4,019,659$11,989,932
79$17,488,086$5,806,017$4,110,512$13,030,376
80$19,226,685$6,045,326$4,203,028$14,170,790
81$21,141,198$6,294,938$4,297,221$15,421,149
82$23,249,523$6,555,313$4,393,101$16,792,439
83$25,571,382$6,826,931$4,490,678$18,296,756
84$28,128,510$7,110,297$4,589,962$19,947,423
85$30,944,853$7,405,937$4,690,960$21,759,110
86$34,046,801$7,714,401$4,793,681$23,747,975
87$37,463,433$8,036,265$4,898,127$25,931,814
88$41,226,793$8,372,132$5,004,304$28,330,226
89$45,372,191$8,722,632$5,112,214$30,964,798
90$49,938,539$9,088,425$5,221,858$33,859,308
91$54,968,713$9,470,201$5,333,233$37,039,946
92$60,509,963$9,868,682$5,446,338$40,535,563
93$66,614,355$10,284,623$5,561,166$44,377,936
94$73,339,266$10,718,816$5,677,711$48,602,072
95$80,747,919$11,172,087$5,795,963$53,246,534
96$88,909,989$11,645,301$5,915,910$58,353,803
97$97,902,253$12,139,365$6,037,537$63,970,676
98$107,809,315$12,655,227$6,160,828$70,148,709
99$118,724,411$13,193,879$6,285,761$76,944,699
100$130,750,281$13,756,358$6,412,314$84,421,219