Can I retire at age 59 with 2,530,000?

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 $2,530,000?

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 years$208,925$207,064$205,248$203,476$201,746$199,225
2 years$103,428$101,502$99,635$97,825$96,069$93,533
3 years$68,267$66,333$64,471$62,677$60,950$58,477
4 years$50,690$48,762$46,918$45,156$43,470$41,079
5 years$40,147$38,230$36,410$34,684$33,045$30,743
6 years$33,120$31,217$29,425$27,737$26,148$23,937
7 years$28,103$26,216$24,452$22,804$21,265$19,148
8 years$24,342$22,472$20,737$19,130$17,641$15,617
9 years$21,418$19,566$17,861$16,294$14,857$12,923
10 years$19,080$17,247$15,572$14,046$12,659$10,816
11 years$17,169$15,354$13,709$12,224$10,887$9,133
12 years$15,577$13,781$12,167$10,722$9,434$7,767
13 years$14,232$12,454$10,870$9,466$8,227$6,644
14 years$13,079$11,320$9,767$8,403$7,212$5,711
15 years$12,081$10,341$8,818$7,494$6,350$4,929
16 years$11,209$9,488$7,995$6,710$5,612$4,269
17 years$10,440$8,738$7,275$6,029$4,976$3,707
18 years$9,757$8,074$6,641$5,433$4,424$3,228
19 years$9,147$7,483$6,080$4,909$3,943$2,816
20 years$8,599$6,954$5,580$4,446$3,522$2,461
21 years$8,103$6,477$5,132$4,035$3,152$2,154
22 years$7,653$6,046$4,730$3,669$2,825$1,889
23 years$7,243$5,655$4,367$3,342$2,536$1,657
24 years$6,868$5,298$4,039$3,048$2,280$1,456
25 years$6,523$4,972$3,741$2,783$2,051$1,280
26 years$6,205$4,673$3,470$2,545$1,848$1,127
27 years$5,911$4,398$3,222$2,329$1,666$992
28 years$5,639$4,144$2,995$2,134$1,503$874
29 years$5,386$3,909$2,787$1,957$1,357$770
30 years$5,150$3,692$2,596$1,796$1,226$679
31 years$4,930$3,490$2,420$1,650$1,109$600
32 years$4,724$3,302$2,258$1,516$1,003$529
33 years$4,531$3,127$2,109$1,394$908$467
34 years$4,350$2,964$1,970$1,283$822$413
35 years$4,179$2,811$1,842$1,181$744$364
36 years$4,018$2,668$1,723$1,088$674$322
37 years$3,867$2,534$1,613$1,002$611$285
38 years$3,723$2,409$1,510$924$554$251
39 years$3,587$2,290$1,415$852$503$222
40 years$3,459$2,179$1,326$785$456$197
41 years$3,337$2,074$1,244$725$414$174
42 years$3,221$1,975$1,167$669$375$154
43 years$3,111$1,882$1,095$617$341$136
44 years$3,006$1,794$1,027$570$309$120
45 years$2,906$1,711$965$526$281$106
46 years$2,811$1,632$906$486$255$94
47 years$2,720$1,558$851$449$231$83
48 years$2,633$1,487$800$415$210$74
49 years$2,550$1,420$752$384$191$65
50 years$2,470$1,356$707$355$173$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,530,000, adding $5,923 every year, while hoping to spend $59,403 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: 47/40/13 Blend
58$2,530,000$2,530,000$2,530,000$2,530,000
59$2,794,170$2,660,080$2,620,865$2,915,069
60$3,015,971$2,727,219$2,645,459$3,066,408
61$3,258,404$2,795,658$2,668,887$3,223,981
62$3,523,513$2,865,396$2,691,046$3,393,679
63$3,813,544$2,936,433$2,711,828$3,576,649
64$4,130,973$3,008,766$2,731,122$3,774,158
65$4,478,526$3,082,389$2,748,809$3,987,601
66$4,859,204$3,157,295$2,764,763$4,218,510
67$5,276,314$3,233,473$2,778,853$4,468,578
68$5,733,495$3,310,911$2,790,942$4,739,665
69$6,234,757$3,389,591$2,800,884$5,033,822
70$6,784,516$3,469,494$2,808,527$5,353,308
71$7,387,635$3,550,598$2,813,711$5,700,610
72$8,049,472$3,632,876$2,816,269$6,078,471
73$8,775,928$3,716,296$2,816,023$6,489,909
74$9,573,502$3,800,825$2,812,790$6,938,253
75$10,449,356$3,886,422$2,806,375$7,427,168
76$11,411,377$3,973,043$2,796,575$7,960,695
77$12,468,253$4,060,638$2,783,176$8,543,283
78$13,629,558$4,149,152$2,765,956$9,179,839
79$14,905,837$4,238,525$2,744,679$9,875,767
80$16,308,707$4,328,687$2,719,101$10,637,023
81$17,850,967$4,419,565$2,688,963$11,470,171
82$19,546,720$4,511,078$2,653,997$12,382,444
83$21,411,501$4,603,136$2,613,921$13,381,815
84$23,462,426$4,695,641$2,568,439$14,477,068
85$25,718,354$4,788,489$2,517,243$15,677,885
86$28,200,064$4,881,563$2,460,009$16,994,937
87$30,930,449$4,974,738$2,396,398$18,439,983
88$33,934,734$5,067,879$2,326,056$20,025,984
89$37,240,712$5,160,840$2,248,614$21,767,225
90$40,879,005$5,253,461$2,163,683$23,679,447
91$44,883,355$5,345,573$2,070,858$25,780,003
92$49,290,943$5,436,991$1,969,717$28,088,013
93$54,142,733$5,527,518$1,859,817$30,624,555
94$59,483,865$5,616,940$1,740,694$33,412,856
95$65,364,078$5,705,028$1,611,866$36,478,517
96$71,838,177$5,791,538$1,472,827$39,849,755
97$78,966,554$5,876,207$1,323,049$43,557,667
98$86,815,754$5,958,752$1,161,982$47,636,528
99$95,459,102$6,038,871$989,050$52,124,113
100$104,977,398$6,116,244$803,650$57,062,055