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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$208,925$207,064$205,248$203,476$201,746$195,601
2 years$103,428$101,502$99,635$97,825$96,069$89,932
3 years$68,267$66,333$64,471$62,677$60,950$55,012
4 years$50,690$48,762$46,918$45,156$43,470$37,776
5 years$40,147$38,230$36,410$34,684$33,045$27,612
6 years$33,120$31,217$29,425$27,737$26,148$20,979
7 years$28,103$26,216$24,452$22,804$21,265$16,361
8 years$24,342$22,472$20,737$19,130$17,641$12,999
9 years$21,418$19,566$17,861$16,294$14,857$10,471
10 years$19,080$17,247$15,572$14,046$12,659$8,523
11 years$17,169$15,354$13,709$12,224$10,887$6,994
12 years$15,577$13,781$12,167$10,722$9,434$5,777
13 years$14,232$12,454$10,870$9,466$8,227$4,796
14 years$13,079$11,320$9,767$8,403$7,212$3,998
15 years$12,081$10,341$8,818$7,494$6,350$3,344
16 years$11,209$9,488$7,995$6,710$5,612$2,806
17 years$10,440$8,738$7,275$6,029$4,976$2,359
18 years$9,757$8,074$6,641$5,433$4,424$1,987
19 years$9,147$7,483$6,080$4,909$3,943$1,677
20 years$8,599$6,954$5,580$4,446$3,522$1,417
21 years$8,103$6,477$5,132$4,035$3,152$1,198
22 years$7,653$6,046$4,730$3,669$2,825$1,015
23 years$7,243$5,655$4,367$3,342$2,536$860
24 years$6,868$5,298$4,039$3,048$2,280$729
25 years$6,523$4,972$3,741$2,783$2,051$618
26 years$6,205$4,673$3,470$2,545$1,848$525
27 years$5,911$4,398$3,222$2,329$1,666$446
28 years$5,639$4,144$2,995$2,134$1,503$379
29 years$5,386$3,909$2,787$1,957$1,357$322
30 years$5,150$3,692$2,596$1,796$1,226$273
31 years$4,930$3,490$2,420$1,650$1,109$232
32 years$4,724$3,302$2,258$1,516$1,003$198
33 years$4,531$3,127$2,109$1,394$908$168
34 years$4,350$2,964$1,970$1,283$822$143
35 years$4,179$2,811$1,842$1,181$744$122
36 years$4,018$2,668$1,723$1,088$674$103
37 years$3,867$2,534$1,613$1,002$611$88
38 years$3,723$2,409$1,510$924$554$75
39 years$3,587$2,290$1,415$852$503$64
40 years$3,459$2,179$1,326$785$456$54
41 years$3,337$2,074$1,244$725$414$46
42 years$3,221$1,975$1,167$669$375$39
43 years$3,111$1,882$1,095$617$341$33
44 years$3,006$1,794$1,027$570$309$28
45 years$2,906$1,711$965$526$281$24
46 years$2,811$1,632$906$486$255$21
47 years$2,720$1,558$851$449$231$17
48 years$2,633$1,487$800$415$210$15
49 years$2,550$1,420$752$384$191$13
50 years$2,470$1,356$707$355$173$11

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 $3,283 every year, while hoping to spend $46,049 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: 42/31/27 Blend
58$2,530,000$2,530,000$2,530,000$2,530,000
59$2,791,446$2,657,356$2,618,141$2,886,491
60$3,027,178$2,738,571$2,656,853$3,036,323
61$3,285,411$2,822,222$2,695,319$3,193,883
62$3,568,392$2,908,380$2,733,481$3,363,631
63$3,878,595$2,997,117$2,771,279$3,546,720
64$4,218,744$3,088,509$2,808,650$3,744,416
65$4,591,842$3,182,631$2,845,525$3,958,115
66$5,001,193$3,279,564$2,881,834$4,189,353
67$5,450,439$3,379,387$2,917,500$4,439,821
68$5,943,591$3,482,183$2,952,443$4,711,379
69$6,485,066$3,588,039$2,986,578$5,006,077
70$7,079,731$3,697,042$3,019,817$5,326,170
71$7,732,948$3,809,281$3,052,065$5,674,144
72$8,450,622$3,924,849$3,083,223$6,052,733
73$9,239,259$4,043,840$3,113,184$6,464,952
74$10,106,027$4,166,352$3,141,840$6,914,118
75$11,058,824$4,292,485$3,169,073$7,403,886
76$12,106,348$4,422,341$3,194,761$7,938,283
77$13,258,184$4,556,025$3,218,775$8,521,743
78$14,524,893$4,693,644$3,240,978$9,159,150
79$15,918,109$4,835,309$3,261,228$9,855,885
80$17,450,651$4,981,134$3,279,374$10,617,878
81$19,136,643$5,131,235$3,295,258$11,451,658
82$20,991,645$5,285,730$3,308,713$12,364,421
83$23,032,804$5,444,742$3,319,567$13,364,094
84$25,279,011$5,608,396$3,327,634$14,459,410
85$27,751,083$5,776,820$3,332,722$15,659,991
86$30,471,956$5,950,146$3,334,630$16,976,440
87$33,466,900$6,128,508$3,333,145$18,420,439
88$36,763,763$6,312,044$3,328,044$20,004,859
89$40,393,228$6,500,896$3,319,095$21,743,883
90$44,389,104$6,695,207$3,306,052$23,653,138
91$48,788,647$6,895,126$3,288,659$25,749,843
92$53,632,907$7,100,805$3,266,647$28,052,973
93$58,967,117$7,312,398$3,239,733$30,583,436
94$64,841,121$7,530,064$3,207,623$33,364,271
95$71,309,844$7,753,966$3,170,007$36,420,866
96$78,433,807$7,984,269$3,126,561$39,781,196
97$86,279,701$8,221,143$3,076,946$43,476,090
98$94,921,013$8,464,762$3,020,806$47,539,518
99$104,438,724$8,715,303$2,957,771$52,008,916
100$114,922,069$8,972,947$2,887,451$56,925,535