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

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$209,751$207,882$206,060$204,280$202,543$197,968
2 years$103,837$101,903$100,029$98,212$96,449$91,865
3 years$68,537$66,595$64,725$62,925$61,191$56,740
4 years$50,891$48,954$47,103$45,334$43,642$39,359
5 years$40,305$38,381$36,554$34,821$33,176$29,073
6 years$33,251$31,341$29,541$27,847$26,251$22,332
7 years$28,214$26,320$24,549$22,894$21,349$17,614
8 years$24,438$22,561$20,819$19,205$17,711$14,160
9 years$21,503$19,643$17,932$16,359$14,915$11,545
10 years$19,156$17,315$15,633$14,101$12,709$9,515
11 years$17,237$15,414$13,763$12,272$10,930$7,909
12 years$15,639$13,835$12,215$10,765$9,472$6,619
13 years$14,288$12,503$10,913$9,503$8,259$5,569
14 years$13,131$11,365$9,805$8,436$7,240$4,707
15 years$12,129$10,382$8,853$7,524$6,375$3,993
16 years$11,253$9,525$8,026$6,737$5,634$3,398
17 years$10,481$8,772$7,304$6,053$4,996$2,899
18 years$9,796$8,106$6,667$5,455$4,442$2,478
19 years$9,183$7,513$6,104$4,929$3,959$2,123
20 years$8,633$6,981$5,602$4,464$3,536$1,821
21 years$8,135$6,503$5,152$4,051$3,165$1,564
22 years$7,683$6,070$4,749$3,684$2,837$1,345
23 years$7,272$5,677$4,385$3,355$2,546$1,158
24 years$6,895$5,319$4,055$3,060$2,289$997
25 years$6,549$4,992$3,756$2,794$2,059$860
26 years$6,229$4,691$3,483$2,555$1,855$742
27 years$5,934$4,415$3,235$2,339$1,673$640
28 years$5,661$4,160$3,007$2,143$1,509$553
29 years$5,407$3,925$2,798$1,965$1,363$477
30 years$5,170$3,707$2,606$1,803$1,231$412
31 years$4,949$3,504$2,430$1,656$1,113$356
32 years$4,743$3,315$2,267$1,522$1,007$308
33 years$4,549$3,140$2,117$1,400$911$266
34 years$4,367$2,976$1,978$1,288$825$230
35 years$4,195$2,822$1,849$1,185$747$199
36 years$4,034$2,679$1,730$1,092$677$172
37 years$3,882$2,544$1,619$1,006$614$149
38 years$3,738$2,418$1,516$927$556$129
39 years$3,602$2,299$1,421$855$505$112
40 years$3,473$2,188$1,331$789$458$97
41 years$3,350$2,082$1,248$728$415$84
42 years$3,234$1,983$1,171$671$377$72
43 years$3,123$1,890$1,099$620$342$63
44 years$3,018$1,801$1,032$572$310$54
45 years$2,918$1,718$969$529$282$47
46 years$2,822$1,639$910$488$256$41
47 years$2,731$1,564$855$451$232$35
48 years$2,643$1,493$803$417$211$30
49 years$2,560$1,425$755$385$192$26
50 years$2,480$1,362$710$356$174$23

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 $2,295 every year, while hoping to spend $25,060 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: 50/31/19 Blend
58$2,540,000$2,540,000$2,540,000$2,540,000
59$2,801,447$2,666,827$2,627,457$2,926,592
60$3,060,531$2,770,838$2,688,813$3,117,325
61$3,345,202$2,879,106$2,751,385$3,321,734
62$3,658,043$2,991,812$2,815,187$3,543,351
63$4,001,899$3,109,147$2,880,232$3,783,810
64$4,379,908$3,231,310$2,946,534$4,044,905
65$4,795,522$3,358,508$3,014,107$4,328,610
66$5,252,548$3,490,958$3,082,963$4,637,095
67$5,755,180$3,628,886$3,153,113$4,972,746
68$6,308,036$3,772,529$3,224,570$5,338,189
69$6,916,207$3,922,135$3,297,345$5,736,309
70$7,585,301$4,077,960$3,371,447$6,170,285
71$8,321,497$4,240,276$3,446,886$6,643,609
72$9,131,604$4,409,364$3,523,671$7,160,127
73$10,023,124$4,585,518$3,601,809$7,724,070
74$11,004,321$4,769,048$3,681,309$8,340,094
75$12,084,304$4,960,273$3,762,175$9,013,323
76$13,273,107$5,159,531$3,844,412$9,749,396
77$14,581,790$5,367,173$3,928,025$10,554,522
78$16,022,534$5,583,567$4,013,016$11,435,533
79$17,608,767$5,809,096$4,099,387$12,399,954
80$19,355,282$6,044,162$4,187,136$13,456,066
81$21,278,379$6,289,184$4,276,264$14,612,986
82$23,396,021$6,544,602$4,366,766$15,880,754
83$25,728,001$6,810,873$4,458,639$17,270,425
84$28,296,129$7,088,478$4,551,875$18,794,171
85$31,124,438$7,377,917$4,646,467$20,465,394
86$34,239,411$7,679,715$4,742,403$22,298,857
87$37,670,229$7,994,420$4,839,673$24,310,814
88$41,449,051$8,322,605$4,938,260$26,519,167
89$45,611,311$8,664,870$5,038,149$28,943,633
90$50,196,057$9,021,840$5,139,319$31,605,927
91$55,246,318$9,394,173$5,241,749$34,529,968
92$60,809,508$9,782,554$5,345,413$37,742,099
93$66,937,878$10,187,699$5,450,285$41,271,337
94$73,689,004$10,610,359$5,556,332$45,149,646
95$81,126,334$11,051,318$5,663,521$49,412,233
96$89,319,785$11,511,397$5,771,813$54,097,883
97$98,346,403$11,991,455$5,881,169$59,249,320
98$108,291,089$12,492,390$5,991,542$64,913,606
99$119,247,405$13,015,142$6,102,883$71,142,591
100$131,318,449$13,560,693$6,215,138$77,993,391