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%11.2%
1 years$207,273$205,427$203,626$201,868$200,151$199,140
2 years$102,611$100,700$98,848$97,052$95,310$94,290
3 years$67,728$65,808$63,961$62,182$60,469$59,471
4 years$50,289$48,376$46,547$44,799$43,127$42,159
5 years$39,829$37,927$36,122$34,410$32,784$31,849
6 years$32,858$30,971$29,192$27,518$25,941$25,040
7 years$27,881$26,009$24,259$22,624$21,097$20,230
8 years$24,149$22,295$20,574$18,979$17,502$16,670
9 years$21,249$19,411$17,720$16,166$14,739$13,941
10 years$18,930$17,110$15,449$13,935$12,559$11,795
11 years$17,033$15,232$13,601$12,127$10,801$10,070
12 years$15,454$13,672$12,070$10,637$9,360$8,662
13 years$14,119$12,355$10,784$9,391$8,162$7,496
14 years$12,976$11,230$9,690$8,337$7,155$6,521
15 years$11,986$10,259$8,748$7,435$6,300$5,696
16 years$11,120$9,413$7,932$6,657$5,568$4,994
17 years$10,357$8,669$7,217$5,981$4,937$4,392
18 years$9,680$8,010$6,589$5,390$4,389$3,873
19 years$9,075$7,424$6,032$4,871$3,912$3,423
20 years$8,531$6,899$5,535$4,411$3,495$3,031
21 years$8,039$6,426$5,092$4,003$3,127$2,689
22 years$7,593$5,998$4,693$3,640$2,803$2,389
23 years$7,186$5,610$4,333$3,315$2,516$2,126
24 years$6,813$5,256$4,007$3,024$2,262$1,893
25 years$6,471$4,933$3,711$2,761$2,035$1,688
26 years$6,156$4,636$3,442$2,525$1,833$1,507
27 years$5,864$4,363$3,196$2,311$1,653$1,346
28 years$5,594$4,111$2,971$2,117$1,491$1,203
29 years$5,343$3,878$2,765$1,942$1,347$1,076
30 years$5,109$3,663$2,576$1,782$1,217$963
31 years$4,891$3,463$2,401$1,637$1,100$862
32 years$4,687$3,276$2,240$1,504$995$772
33 years$4,495$3,103$2,092$1,383$901$692
34 years$4,315$2,941$1,954$1,273$815$620
35 years$4,146$2,789$1,827$1,171$738$556
36 years$3,986$2,647$1,709$1,079$669$499
37 years$3,836$2,514$1,600$994$606$448
38 years$3,694$2,390$1,498$916$550$402
39 years$3,559$2,272$1,404$845$499$361
40 years$3,432$2,162$1,316$779$452$324
41 years$3,311$2,058$1,234$719$410$291
42 years$3,196$1,960$1,157$664$372$261
43 years$3,086$1,867$1,086$612$338$235
44 years$2,982$1,780$1,019$566$307$211
45 years$2,883$1,697$957$522$278$189
46 years$2,789$1,619$899$482$253$170
47 years$2,698$1,545$845$446$230$153
48 years$2,612$1,475$794$412$208$137
49 years$2,530$1,409$746$381$189$123
50 years$2,451$1,346$701$352$172$111

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 $2,043 every year, while hoping to spend $59,639 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: 40/35/25 Blend
58$2,510,000$2,510,000$2,510,000$2,510,000
59$2,768,127$2,635,097$2,596,192$2,858,318
60$2,987,021$2,700,762$2,619,709$2,989,340
61$3,226,243$2,767,645$2,642,015$3,125,241
62$3,487,803$2,835,743$2,663,007$3,271,099
63$3,773,917$2,905,052$2,682,575$3,427,861
64$4,087,019$2,975,563$2,700,604$3,596,569
65$4,429,796$3,047,266$2,716,975$3,778,371
66$4,805,202$3,120,148$2,731,560$3,974,532
67$5,216,491$3,194,194$2,744,226$4,186,446
68$5,667,248$3,269,385$2,754,833$4,415,652
69$6,161,421$3,345,699$2,763,233$4,663,842
70$6,703,357$3,423,109$2,769,273$4,932,884
71$7,297,845$3,501,587$2,772,789$5,224,837
72$7,950,159$3,581,098$2,773,611$5,541,969
73$8,666,109$3,661,606$2,771,561$5,886,780
74$9,452,095$3,743,067$2,766,451$6,262,029
75$10,315,165$3,825,434$2,758,084$6,670,755
76$11,263,086$3,908,654$2,746,253$7,116,307
77$12,304,411$3,992,669$2,730,744$7,602,380
78$13,448,566$4,077,414$2,711,328$8,133,045
79$14,705,930$4,162,818$2,687,768$8,712,792
80$16,087,943$4,248,804$2,659,816$9,346,570
81$17,607,204$4,335,287$2,627,211$10,039,834
82$19,277,596$4,422,173$2,589,680$10,798,600
83$21,114,414$4,509,362$2,546,937$11,629,499
84$23,134,507$4,596,744$2,498,683$12,539,842
85$25,356,443$4,684,200$2,444,604$13,537,687
86$27,800,675$4,771,602$2,384,374$14,631,920
87$30,489,743$4,858,809$2,317,649$15,832,336
88$33,448,477$4,945,671$2,244,071$17,149,733
89$36,704,239$5,032,026$2,163,265$18,596,016
90$40,287,175$5,117,699$2,074,838$20,184,308
91$44,230,503$5,202,502$1,978,380$21,929,076
92$48,570,822$5,286,232$1,873,464$23,846,269
93$53,348,461$5,368,673$1,759,640$25,953,469
94$58,607,856$5,449,591$1,636,441$28,270,057
95$64,397,973$5,528,736$1,503,377$30,817,398
96$70,772,763$5,605,840$1,359,936$33,619,046
97$77,791,676$5,680,618$1,205,586$36,700,962
98$85,520,222$5,752,763$1,039,768$40,091,768
99$94,030,584$5,821,948$861,900$43,823,010
100$103,402,303$5,887,823$671,372$47,929,467