Can I retire at age 59 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$208,099$206,246$204,437$202,672$200,948$198,355
2 years$103,019$101,101$99,241$97,438$95,690$93,081
3 years$67,997$66,070$64,216$62,430$60,709$58,166
4 years$50,490$48,569$46,733$44,977$43,299$40,840
5 years$39,988$38,079$36,266$34,547$32,915$30,548
6 years$32,989$31,094$29,309$27,627$26,044$23,773
7 years$27,992$26,113$24,356$22,714$21,181$19,005
8 years$24,246$22,383$20,655$19,054$17,572$15,492
9 years$21,333$19,489$17,791$16,230$14,798$12,813
10 years$19,005$17,178$15,510$13,990$12,609$10,716
11 years$17,101$15,293$13,655$12,176$10,844$9,043
12 years$15,516$13,726$12,118$10,680$9,397$7,686
13 years$14,175$12,404$10,827$9,429$8,194$6,571
14 years$13,027$11,275$9,728$8,370$7,183$5,644
15 years$12,033$10,300$8,783$7,464$6,325$4,868
16 years$11,165$9,450$7,963$6,683$5,590$4,213
17 years$10,399$8,703$7,246$6,005$4,956$3,656
18 years$9,719$8,042$6,615$5,412$4,407$3,181
19 years$9,111$7,453$6,056$4,890$3,928$2,773
20 years$8,565$6,926$5,558$4,429$3,508$2,422
21 years$8,071$6,451$5,112$4,019$3,140$2,119
22 years$7,623$6,022$4,711$3,655$2,814$1,856
23 years$7,214$5,632$4,350$3,328$2,526$1,627
24 years$6,840$5,277$4,023$3,036$2,271$1,428
25 years$6,497$4,952$3,726$2,772$2,043$1,255
26 years$6,180$4,654$3,456$2,535$1,840$1,103
27 years$5,888$4,380$3,209$2,320$1,659$971
28 years$5,617$4,128$2,983$2,126$1,497$855
29 years$5,364$3,894$2,776$1,949$1,352$753
30 years$5,130$3,677$2,586$1,789$1,222$663
31 years$4,910$3,476$2,411$1,643$1,104$585
32 years$4,705$3,289$2,249$1,510$999$516
33 years$4,513$3,115$2,100$1,389$904$455
34 years$4,332$2,952$1,962$1,278$819$401
35 years$4,162$2,800$1,835$1,176$741$354
36 years$4,002$2,658$1,716$1,083$672$313
37 years$3,851$2,524$1,606$998$609$276
38 years$3,708$2,399$1,504$920$552$244
39 years$3,573$2,281$1,409$848$501$215
40 years$3,445$2,170$1,321$782$454$190
41 years$3,324$2,066$1,239$722$412$168
42 years$3,208$1,968$1,162$666$374$149
43 years$3,099$1,875$1,090$615$339$131
44 years$2,994$1,787$1,023$568$308$116
45 years$2,895$1,704$961$524$280$102
46 years$2,800$1,626$903$484$254$91
47 years$2,709$1,551$848$447$230$80
48 years$2,622$1,481$797$414$209$71
49 years$2,540$1,414$749$382$190$63
50 years$2,460$1,351$704$353$173$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,520,000, adding $3,450 every year, while hoping to spend $50,030 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: 58/36/6 Blend
58$2,520,000$2,520,000$2,520,000$2,520,000
59$2,780,599$2,647,039$2,607,979$2,938,315
60$3,010,988$2,723,512$2,642,114$3,121,043
61$3,263,201$2,802,056$2,675,717$3,314,124
62$3,539,409$2,882,719$2,708,716$3,523,310
63$3,842,007$2,965,550$2,741,035$3,750,143
64$4,173,629$3,050,599$2,772,598$3,996,323
65$4,537,179$3,137,918$2,803,319$4,263,719
66$4,935,852$3,227,558$2,833,112$4,554,389
67$5,373,171$3,319,569$2,861,883$4,870,596
68$5,853,013$3,414,007$2,889,534$5,214,834
69$6,379,649$3,510,922$2,915,963$5,589,846
70$6,957,786$3,610,370$2,941,060$5,998,654
71$7,592,606$3,712,404$2,964,712$6,444,585
72$8,289,820$3,817,080$2,986,797$6,931,301
73$9,055,716$3,924,451$3,007,189$7,462,836
74$9,897,225$4,034,575$3,025,756$8,043,630
75$10,821,978$4,147,506$3,042,355$8,678,576
76$11,838,387$4,263,300$3,056,841$9,373,061
77$12,955,715$4,382,014$3,069,058$10,133,018
78$14,184,169$4,503,705$3,078,843$10,964,983
79$15,534,996$4,628,428$3,086,025$11,876,154
80$17,020,584$4,756,239$3,090,426$12,874,461
81$18,654,584$4,887,195$3,091,856$13,968,637
82$20,452,037$5,021,353$3,090,117$15,168,305
83$22,429,511$5,158,766$3,085,003$16,484,065
84$24,605,267$5,299,491$3,076,296$17,927,594
85$26,999,419$5,443,581$3,063,767$19,511,756
86$29,634,135$5,591,091$3,047,178$21,250,725
87$32,533,835$5,742,074$3,026,278$23,160,115
88$35,725,432$5,896,580$3,000,803$25,257,129
89$39,238,575$6,054,662$2,970,479$27,560,722
90$43,105,937$6,216,368$2,935,017$30,091,777
91$47,363,518$6,381,745$2,894,116$32,873,305
92$52,050,987$6,550,841$2,847,459$35,930,657
93$57,212,054$6,723,698$2,794,715$39,291,769
94$62,894,884$6,900,360$2,735,538$42,987,419
95$69,152,549$7,080,864$2,669,566$47,051,522
96$76,043,531$7,265,249$2,596,419$51,521,448
97$83,632,272$7,453,547$2,515,700$56,438,375
98$91,989,782$7,645,789$2,426,994$61,847,676
99$101,194,309$7,842,003$2,329,868$67,799,346
100$111,332,078$8,042,210$2,223,867$74,348,478