Can I retire at age 59 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$207,273$205,427$203,626$201,868$200,151$192,362
2 years$102,611$100,700$98,848$97,052$95,310$87,556
3 years$67,728$65,808$63,961$62,182$60,469$52,995
4 years$50,289$48,376$46,547$44,799$43,127$35,990
5 years$39,829$37,927$36,122$34,410$32,784$26,002
6 years$32,858$30,971$29,192$27,518$25,941$19,519
7 years$27,881$26,009$24,259$22,624$21,097$15,032
8 years$24,149$22,295$20,574$18,979$17,502$11,789
9 years$21,249$19,411$17,720$16,166$14,739$9,369
10 years$18,930$17,110$15,449$13,935$12,559$7,521
11 years$17,033$15,232$13,601$12,127$10,801$6,084
12 years$15,454$13,672$12,070$10,637$9,360$4,952
13 years$14,119$12,355$10,784$9,391$8,162$4,050
14 years$12,976$11,230$9,690$8,337$7,155$3,325
15 years$11,986$10,259$8,748$7,435$6,300$2,738
16 years$11,120$9,413$7,932$6,657$5,568$2,261
17 years$10,357$8,669$7,217$5,981$4,937$1,870
18 years$9,680$8,010$6,589$5,390$4,389$1,550
19 years$9,075$7,424$6,032$4,871$3,912$1,286
20 years$8,531$6,899$5,535$4,411$3,495$1,069
21 years$8,039$6,426$5,092$4,003$3,127$889
22 years$7,593$5,998$4,693$3,640$2,803$739
23 years$7,186$5,610$4,333$3,315$2,516$616
24 years$6,813$5,256$4,007$3,024$2,262$513
25 years$6,471$4,933$3,711$2,761$2,035$428
26 years$6,156$4,636$3,442$2,525$1,833$357
27 years$5,864$4,363$3,196$2,311$1,653$297
28 years$5,594$4,111$2,971$2,117$1,491$248
29 years$5,343$3,878$2,765$1,942$1,347$207
30 years$5,109$3,663$2,576$1,782$1,217$173
31 years$4,891$3,463$2,401$1,637$1,100$144
32 years$4,687$3,276$2,240$1,504$995$120
33 years$4,495$3,103$2,092$1,383$901$101
34 years$4,315$2,941$1,954$1,273$815$84
35 years$4,146$2,789$1,827$1,171$738$70
36 years$3,986$2,647$1,709$1,079$669$59
37 years$3,836$2,514$1,600$994$606$49
38 years$3,694$2,390$1,498$916$550$41
39 years$3,559$2,272$1,404$845$499$34
40 years$3,432$2,162$1,316$779$452$29
41 years$3,311$2,058$1,234$719$410$24
42 years$3,196$1,960$1,157$664$372$20
43 years$3,086$1,867$1,086$612$338$17
44 years$2,982$1,780$1,019$566$307$14
45 years$2,883$1,697$957$522$278$12
46 years$2,789$1,619$899$482$253$10
47 years$2,698$1,545$845$446$230$8
48 years$2,612$1,475$794$412$208$7
49 years$2,530$1,409$746$381$189$6
50 years$2,451$1,346$701$352$172$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,510,000, adding $5,507 every year, while hoping to spend $25,472 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: 20/50/30 Blend
58$2,510,000$2,510,000$2,510,000$2,510,000
59$2,771,700$2,638,670$2,599,765$2,800,611
60$3,027,312$2,740,863$2,659,756$2,930,949
61$3,308,142$2,847,210$2,720,902$3,067,628
62$3,616,736$2,957,887$2,783,216$3,213,061
63$3,955,899$3,073,079$2,846,709$3,367,966
64$4,328,719$3,192,978$2,911,392$3,533,129
65$4,738,600$3,317,786$2,977,275$3,709,409
66$5,189,292$3,447,712$3,044,369$3,897,745
67$5,684,926$3,582,977$3,112,682$4,099,166
68$6,230,055$3,723,809$3,182,223$4,314,798
69$6,829,692$3,870,447$3,252,999$4,545,875
70$7,489,364$4,023,142$3,325,018$4,793,746
71$8,215,158$4,182,155$3,398,285$5,059,894
72$9,013,783$4,347,759$3,472,806$5,345,942
73$9,892,628$4,520,239$3,548,584$5,653,668
74$10,859,838$4,699,893$3,625,624$5,985,026
75$11,924,386$4,887,032$3,703,927$6,342,157
76$13,096,158$5,081,981$3,783,493$6,727,410
77$14,386,049$5,285,080$3,864,322$7,143,366
78$15,806,062$5,496,685$3,946,413$7,592,856
79$17,369,424$5,717,167$4,029,762$8,078,988
80$19,090,711$5,946,913$4,114,364$8,605,177
81$20,985,981$6,186,330$4,200,213$9,175,173
82$23,072,931$6,435,840$4,287,301$9,793,096
83$25,371,061$6,695,888$4,375,617$10,463,474
84$27,901,859$6,966,935$4,465,149$11,191,281
85$30,689,000$7,249,467$4,555,883$11,981,986
86$33,758,576$7,543,989$4,647,803$12,841,599
87$37,139,337$7,851,031$4,740,891$13,776,729
88$40,862,963$8,171,145$4,835,124$14,794,642
89$44,964,365$8,504,910$4,930,480$15,903,328
90$49,482,011$8,852,932$5,026,932$17,111,574
91$54,458,292$9,215,841$5,124,451$18,429,047
92$59,939,921$9,594,301$5,223,003$19,866,379
93$65,978,373$9,989,002$5,322,554$21,435,267
94$72,630,372$10,400,667$5,423,063$23,148,579
95$79,958,423$10,830,053$5,524,490$25,020,477
96$88,031,409$11,277,952$5,626,786$27,066,542
97$96,925,231$11,745,190$5,729,902$29,303,921
98$106,723,533$12,232,634$5,833,783$31,751,487
99$117,518,489$12,741,188$5,938,370$34,430,011
100$129,411,668$13,271,799$6,043,598$37,362,357