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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$207,273$205,427$203,626$201,868$200,151$197,079
2 years$102,611$100,700$98,848$97,052$95,310$92,222
3 years$67,728$65,808$63,961$62,182$60,469$57,461
4 years$50,289$48,376$46,547$44,799$43,127$40,223
5 years$39,829$37,927$36,122$34,410$32,784$29,993
6 years$32,858$30,971$29,192$27,518$25,941$23,265
7 years$27,881$26,009$24,259$22,624$21,097$18,537
8 years$24,149$22,295$20,574$18,979$17,502$15,058
9 years$21,249$19,411$17,720$16,166$14,739$12,409
10 years$18,930$17,110$15,449$13,935$12,559$10,342
11 years$17,033$15,232$13,601$12,127$10,801$8,694
12 years$15,454$13,672$12,070$10,637$9,360$7,361
13 years$14,119$12,355$10,784$9,391$8,162$6,268
14 years$12,976$11,230$9,690$8,337$7,155$5,363
15 years$11,986$10,259$8,748$7,435$6,300$4,606
16 years$11,120$9,413$7,932$6,657$5,568$3,970
17 years$10,357$8,669$7,217$5,981$4,937$3,431
18 years$9,680$8,010$6,589$5,390$4,389$2,972
19 years$9,075$7,424$6,032$4,871$3,912$2,580
20 years$8,531$6,899$5,535$4,411$3,495$2,243
21 years$8,039$6,426$5,092$4,003$3,127$1,953
22 years$7,593$5,998$4,693$3,640$2,803$1,703
23 years$7,186$5,610$4,333$3,315$2,516$1,486
24 years$6,813$5,256$4,007$3,024$2,262$1,299
25 years$6,471$4,933$3,711$2,761$2,035$1,136
26 years$6,156$4,636$3,442$2,525$1,833$994
27 years$5,864$4,363$3,196$2,311$1,653$870
28 years$5,594$4,111$2,971$2,117$1,491$762
29 years$5,343$3,878$2,765$1,942$1,347$668
30 years$5,109$3,663$2,576$1,782$1,217$586
31 years$4,891$3,463$2,401$1,637$1,100$514
32 years$4,687$3,276$2,240$1,504$995$451
33 years$4,495$3,103$2,092$1,383$901$396
34 years$4,315$2,941$1,954$1,273$815$348
35 years$4,146$2,789$1,827$1,171$738$305
36 years$3,986$2,647$1,709$1,079$669$268
37 years$3,836$2,514$1,600$994$606$236
38 years$3,694$2,390$1,498$916$550$207
39 years$3,559$2,272$1,404$845$499$182
40 years$3,432$2,162$1,316$779$452$160
41 years$3,311$2,058$1,234$719$410$140
42 years$3,196$1,960$1,157$664$372$123
43 years$3,086$1,867$1,086$612$338$108
44 years$2,982$1,780$1,019$566$307$95
45 years$2,883$1,697$957$522$278$84
46 years$2,789$1,619$899$482$253$74
47 years$2,698$1,545$845$446$230$65
48 years$2,612$1,475$794$412$208$57
49 years$2,530$1,409$746$381$189$50
50 years$2,451$1,346$701$352$172$44

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 $6,758 every year, while hoping to spend $39,939 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: 65/29/6 Blend
58$2,510,000$2,510,000$2,510,000$2,510,000
59$2,772,991$2,639,961$2,601,056$2,950,112
60$3,013,341$2,726,824$2,645,696$3,155,550
61$3,276,869$2,816,605$2,690,494$3,374,515
62$3,565,895$2,909,405$2,735,411$3,612,675
63$3,882,978$3,005,327$2,780,409$3,871,889
64$4,230,934$3,104,481$2,825,445$4,154,208
65$4,612,867$3,206,977$2,870,475$4,461,884
66$5,032,193$3,312,933$2,915,450$4,797,398
67$5,492,678$3,422,469$2,960,319$5,163,481
68$5,998,470$3,535,708$3,005,028$5,563,138
69$6,554,137$3,652,781$3,049,520$5,999,677
70$7,164,713$3,773,821$3,093,732$6,476,742
71$7,835,741$3,898,966$3,137,600$6,998,341
72$8,573,332$4,028,360$3,181,055$7,568,890
73$9,384,215$4,162,153$3,224,024$8,193,252
74$10,275,805$4,300,499$3,266,428$8,876,778
75$11,256,270$4,443,556$3,308,187$9,625,365
76$12,334,612$4,591,493$3,349,213$10,445,505
77$13,520,746$4,744,479$3,389,415$11,344,347
78$14,825,597$4,902,694$3,428,696$12,329,766
79$16,261,204$5,066,322$3,466,953$13,410,434
80$17,840,830$5,235,555$3,504,079$14,595,903
81$19,579,089$5,410,591$3,539,960$15,896,696
82$21,492,082$5,591,637$3,574,475$17,324,401
83$23,597,553$5,778,905$3,607,498$18,891,785
84$25,915,050$5,972,618$3,638,896$20,612,910
85$28,466,114$6,173,005$3,668,528$22,503,267
86$31,274,480$6,380,304$3,696,246$24,579,920
87$34,366,301$6,594,763$3,721,894$26,861,670
88$37,770,395$6,816,638$3,745,309$29,369,227
89$41,518,517$7,046,195$3,766,319$32,125,406
90$45,645,656$7,283,710$3,784,741$35,155,344
91$50,190,370$7,529,469$3,800,387$38,486,736
92$55,195,144$7,783,769$3,813,056$42,150,090
93$60,706,794$8,046,918$3,822,539$46,179,023
94$66,776,907$8,319,237$3,828,613$50,610,571
95$73,462,328$8,601,057$3,831,049$55,485,540
96$80,825,700$8,892,723$3,829,603$60,848,888
97$88,936,047$9,194,592$3,824,021$66,750,152
98$97,869,432$9,507,035$3,814,034$73,243,913
99$107,709,673$9,830,439$3,799,363$80,390,310
100$118,549,132$10,165,202$3,779,713$88,255,604