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

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$206,448$204,609$202,815$201,063$199,354$197,683
2 years$102,202$100,298$98,454$96,665$94,930$93,247
3 years$67,458$65,546$63,706$61,934$60,228$58,583
4 years$50,089$48,183$46,362$44,620$42,955$41,362
5 years$39,671$37,776$35,979$34,273$32,654$31,117
6 years$32,727$30,847$29,076$27,408$25,838$24,360
7 years$27,770$25,905$24,162$22,534$21,013$19,594
8 years$24,053$22,206$20,492$18,903$17,432$16,072
9 years$21,164$19,334$17,649$16,101$14,680$13,379
10 years$18,854$17,042$15,387$13,879$12,509$11,265
11 years$16,965$15,172$13,547$12,079$10,758$9,571
12 years$15,393$13,617$12,022$10,595$9,322$8,191
13 years$14,063$12,306$10,741$9,354$8,129$7,053
14 years$12,924$11,186$9,651$8,303$7,126$6,103
15 years$11,938$10,218$8,713$7,405$6,274$5,303
16 years$11,076$9,375$7,900$6,630$5,545$4,624
17 years$10,316$8,634$7,189$5,957$4,917$4,044
18 years$9,642$7,978$6,562$5,369$4,372$3,546
19 years$9,039$7,394$6,008$4,851$3,897$3,116
20 years$8,497$6,871$5,513$4,394$3,481$2,744
21 years$8,007$6,400$5,071$3,988$3,115$2,420
22 years$7,562$5,974$4,674$3,626$2,792$2,137
23 years$7,157$5,588$4,316$3,302$2,506$1,890
24 years$6,786$5,235$3,991$3,012$2,253$1,673
25 years$6,445$4,913$3,697$2,750$2,027$1,483
26 years$6,131$4,617$3,428$2,515$1,826$1,315
27 years$5,841$4,346$3,184$2,302$1,646$1,167
28 years$5,572$4,095$2,960$2,109$1,485$1,037
29 years$5,322$3,863$2,754$1,934$1,341$921
30 years$5,089$3,648$2,565$1,775$1,212$819
31 years$4,871$3,449$2,392$1,630$1,096$729
32 years$4,668$3,263$2,231$1,498$991$648
33 years$4,477$3,090$2,084$1,378$897$577
34 years$4,298$2,929$1,947$1,268$812$514
35 years$4,129$2,778$1,820$1,167$736$458
36 years$3,971$2,637$1,703$1,075$666$408
37 years$3,821$2,504$1,594$990$604$364
38 years$3,679$2,380$1,492$913$548$324
39 years$3,545$2,263$1,398$841$497$289
40 years$3,418$2,153$1,310$776$450$258
41 years$3,297$2,050$1,229$716$409$230
42 years$3,183$1,952$1,153$661$371$205
43 years$3,074$1,860$1,082$610$337$183
44 years$2,970$1,773$1,015$563$305$163
45 years$2,872$1,691$953$520$277$146
46 years$2,777$1,613$895$481$252$130
47 years$2,688$1,539$841$444$229$116
48 years$2,602$1,469$791$410$208$103
49 years$2,519$1,403$743$379$189$92
50 years$2,441$1,340$699$350$171$82

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 $5,571 every year, while hoping to spend $43,847 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: 68/11/21 Blend
58$2,500,000$2,500,000$2,500,000$2,500,000
59$2,760,746$2,628,246$2,589,496$2,933,608
60$2,995,690$2,710,378$2,629,592$3,132,130
61$3,253,128$2,795,064$2,669,561$3,343,610
62$3,535,308$2,882,384$2,709,353$3,573,901
63$3,844,708$2,972,419$2,748,914$3,824,856
64$4,184,053$3,065,252$2,788,188$4,098,516
65$4,556,348$3,160,971$2,827,114$4,397,128
66$4,964,902$3,259,664$2,865,628$4,723,169
67$5,413,357$3,361,423$2,903,662$5,079,365
68$5,905,729$3,466,342$2,941,144$5,468,719
69$6,446,439$3,574,519$2,977,998$5,894,541
70$7,040,359$3,686,054$3,014,144$6,360,475
71$7,692,855$3,801,050$3,049,498$6,870,536
72$8,409,839$3,919,614$3,083,968$7,429,146
73$9,197,823$4,041,855$3,117,461$8,041,179
74$10,063,982$4,167,887$3,149,877$8,712,002
75$11,016,220$4,297,826$3,181,110$9,447,529
76$12,063,247$4,431,792$3,211,050$10,254,276
77$13,214,657$4,569,908$3,239,579$11,139,423
78$14,481,020$4,712,302$3,266,573$12,110,879
79$15,873,985$4,859,105$3,291,904$13,177,358
80$17,406,382$5,010,453$3,315,434$14,348,463
81$19,092,352$5,166,484$3,337,020$15,634,774
82$20,947,472$5,327,342$3,356,510$17,047,949
83$22,988,907$5,493,174$3,373,745$18,600,832
84$25,235,569$5,664,133$3,388,560$20,307,578
85$27,708,297$5,840,376$3,400,776$22,183,783
86$30,430,053$6,022,063$3,410,211$24,246,631
87$33,426,136$6,209,362$3,416,671$26,515,059
88$36,724,424$6,402,443$3,419,952$29,009,934
89$40,355,636$6,601,483$3,419,841$31,754,248
90$44,353,618$6,806,664$3,416,114$34,773,339
91$48,755,669$7,018,172$3,408,535$38,095,126
92$53,602,886$7,236,201$3,396,860$41,750,375
93$58,940,554$7,460,948$3,380,828$45,772,988
94$64,818,574$7,692,619$3,360,170$50,200,325
95$71,291,935$7,931,423$3,334,601$55,073,554
96$78,421,226$8,177,577$3,303,825$60,438,040
97$86,273,218$8,431,305$3,267,529$66,343,775
98$94,921,482$8,692,835$3,225,388$72,845,849
99$104,447,095$8,962,405$3,177,059$80,004,969
100$114,939,393$9,240,258$3,122,186$87,888,033