Can I retire at age 59 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$209,751$207,882$206,060$204,280$202,543$195,202
2 years$103,837$101,903$100,029$98,212$96,449$89,133
3 years$68,537$66,595$64,725$62,925$61,191$54,131
4 years$50,891$48,954$47,103$45,334$43,642$36,891
5 years$40,305$38,381$36,554$34,821$33,176$26,752
6 years$33,251$31,341$29,541$27,847$26,251$20,159
7 years$28,214$26,320$24,549$22,894$21,349$15,588
8 years$24,438$22,561$20,819$19,205$17,711$12,275
9 years$21,503$19,643$17,932$16,359$14,915$9,798
10 years$19,156$17,315$15,633$14,101$12,709$7,900
11 years$17,237$15,414$13,763$12,272$10,930$6,420
12 years$15,639$13,835$12,215$10,765$9,472$5,250
13 years$14,288$12,503$10,913$9,503$8,259$4,314
14 years$13,131$11,365$9,805$8,436$7,240$3,559
15 years$12,129$10,382$8,853$7,524$6,375$2,946
16 years$11,253$9,525$8,026$6,737$5,634$2,445
17 years$10,481$8,772$7,304$6,053$4,996$2,033
18 years$9,796$8,106$6,667$5,455$4,442$1,693
19 years$9,183$7,513$6,104$4,929$3,959$1,413
20 years$8,633$6,981$5,602$4,464$3,536$1,180
21 years$8,135$6,503$5,152$4,051$3,165$987
22 years$7,683$6,070$4,749$3,684$2,837$826
23 years$7,272$5,677$4,385$3,355$2,546$691
24 years$6,895$5,319$4,055$3,060$2,289$579
25 years$6,549$4,992$3,756$2,794$2,059$486
26 years$6,229$4,691$3,483$2,555$1,855$407
27 years$5,934$4,415$3,235$2,339$1,673$342
28 years$5,661$4,160$3,007$2,143$1,509$287
29 years$5,407$3,925$2,798$1,965$1,363$241
30 years$5,170$3,707$2,606$1,803$1,231$202
31 years$4,949$3,504$2,430$1,656$1,113$170
32 years$4,743$3,315$2,267$1,522$1,007$142
33 years$4,549$3,140$2,117$1,400$911$120
34 years$4,367$2,976$1,978$1,288$825$100
35 years$4,195$2,822$1,849$1,185$747$84
36 years$4,034$2,679$1,730$1,092$677$71
37 years$3,882$2,544$1,619$1,006$614$60
38 years$3,738$2,418$1,516$927$556$50
39 years$3,602$2,299$1,421$855$505$42
40 years$3,473$2,188$1,331$789$458$35
41 years$3,350$2,082$1,248$728$415$30
42 years$3,234$1,983$1,171$671$377$25
43 years$3,123$1,890$1,099$620$342$21
44 years$3,018$1,801$1,032$572$310$18
45 years$2,918$1,718$969$529$282$15
46 years$2,822$1,639$910$488$256$12
47 years$2,731$1,564$855$451$232$10
48 years$2,643$1,493$803$417$211$9
49 years$2,560$1,425$755$385$192$7
50 years$2,480$1,362$710$356$174$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,540,000, adding $6,215 every year, while hoping to spend $26,176 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: 48/41/11 Blend
58$2,540,000$2,540,000$2,540,000$2,540,000
59$2,805,491$2,670,871$2,631,501$2,931,403
60$3,063,800$2,773,892$2,691,805$3,121,694
61$3,347,579$2,881,085$2,753,252$3,324,954
62$3,659,399$2,992,625$2,815,853$3,545,049
63$4,002,091$3,108,696$2,879,617$3,783,558
64$4,378,774$3,229,493$2,944,555$4,042,214
65$4,792,886$3,355,215$3,010,674$4,322,924
66$5,248,214$3,486,074$3,077,985$4,627,781
67$5,748,927$3,622,287$3,146,493$4,959,088
68$6,299,624$3,764,085$3,216,207$5,319,375
69$6,905,367$3,911,707$3,287,131$5,711,425
70$7,571,736$4,065,402$3,359,272$6,138,296
71$8,304,879$4,225,433$3,432,633$6,603,353
72$9,111,568$4,392,070$3,507,218$7,110,298
73$9,999,267$4,565,601$3,583,028$7,663,200
74$10,976,198$4,746,321$3,660,065$8,266,536
75$12,051,421$4,934,542$3,738,329$8,925,234
76$13,234,921$5,130,589$3,817,817$9,644,714
77$14,537,696$5,334,801$3,898,528$10,430,940
78$15,971,868$5,547,533$3,980,455$11,290,476
79$17,550,792$5,769,156$4,063,594$12,230,545
80$19,289,186$6,000,057$4,147,937$13,259,097
81$21,203,263$6,240,641$4,233,474$14,384,883
82$23,310,895$6,491,331$4,320,194$15,617,536
83$25,631,769$6,752,568$4,408,083$16,967,659
84$28,187,581$7,024,816$4,497,126$18,446,926
85$31,002,240$7,308,558$4,587,305$20,068,189
86$34,102,089$7,604,298$4,678,600$21,845,597
87$37,516,157$7,912,564$4,770,989$23,794,731
88$41,276,434$8,233,908$4,864,446$25,932,746
89$45,418,169$8,568,908$4,958,943$28,278,533
90$49,980,203$8,918,166$5,054,449$30,852,894
91$55,005,341$9,282,313$5,150,930$33,678,737
92$60,540,748$9,662,009$5,248,348$36,781,291
93$66,638,400$10,057,943$5,346,664$40,188,341
94$73,355,571$10,470,836$5,445,831$43,930,489
95$80,755,375$10,901,443$5,545,802$48,041,437
96$88,907,362$11,350,552$5,646,525$52,558,309
97$97,888,171$11,818,988$5,747,942$57,521,992
98$107,782,260$12,307,613$5,849,993$62,977,525
99$118,682,695$12,817,330$5,952,612$68,974,517
100$130,692,033$13,349,083$6,055,728$75,567,614