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%14.6%
1 years$209,751$207,882$206,060$204,280$202,543$198,698
2 years$103,837$101,903$100,029$98,212$96,449$92,590
3 years$68,537$66,595$64,725$62,925$61,191$57,438
4 years$50,891$48,954$47,103$45,334$43,642$40,025
5 years$40,305$38,381$36,554$34,821$33,176$29,704
6 years$33,251$31,341$29,541$27,847$26,251$22,929
7 years$28,214$26,320$24,549$22,894$21,349$18,177
8 years$24,438$22,561$20,819$19,205$17,711$14,689
9 years$21,503$19,643$17,932$16,359$14,915$12,041
10 years$19,156$17,315$15,633$14,101$12,709$9,979
11 years$17,237$15,414$13,763$12,272$10,930$8,342
12 years$15,639$13,835$12,215$10,765$9,472$7,022
13 years$14,288$12,503$10,913$9,503$8,259$5,944
14 years$13,131$11,365$9,805$8,436$7,240$5,055
15 years$12,129$10,382$8,853$7,524$6,375$4,315
16 years$11,253$9,525$8,026$6,737$5,634$3,695
17 years$10,481$8,772$7,304$6,053$4,996$3,173
18 years$9,796$8,106$6,667$5,455$4,442$2,731
19 years$9,183$7,513$6,104$4,929$3,959$2,355
20 years$8,633$6,981$5,602$4,464$3,536$2,034
21 years$8,135$6,503$5,152$4,051$3,165$1,759
22 years$7,683$6,070$4,749$3,684$2,837$1,523
23 years$7,272$5,677$4,385$3,355$2,546$1,320
24 years$6,895$5,319$4,055$3,060$2,289$1,145
25 years$6,549$4,992$3,756$2,794$2,059$994
26 years$6,229$4,691$3,483$2,555$1,855$864
27 years$5,934$4,415$3,235$2,339$1,673$751
28 years$5,661$4,160$3,007$2,143$1,509$653
29 years$5,407$3,925$2,798$1,965$1,363$568
30 years$5,170$3,707$2,606$1,803$1,231$495
31 years$4,949$3,504$2,430$1,656$1,113$431
32 years$4,743$3,315$2,267$1,522$1,007$375
33 years$4,549$3,140$2,117$1,400$911$327
34 years$4,367$2,976$1,978$1,288$825$285
35 years$4,195$2,822$1,849$1,185$747$248
36 years$4,034$2,679$1,730$1,092$677$216
37 years$3,882$2,544$1,619$1,006$614$189
38 years$3,738$2,418$1,516$927$556$164
39 years$3,602$2,299$1,421$855$505$143
40 years$3,473$2,188$1,331$789$458$125
41 years$3,350$2,082$1,248$728$415$109
42 years$3,234$1,983$1,171$671$377$95
43 years$3,123$1,890$1,099$620$342$83
44 years$3,018$1,801$1,032$572$310$72
45 years$2,918$1,718$969$529$282$63
46 years$2,822$1,639$910$488$256$55
47 years$2,731$1,564$855$451$232$48
48 years$2,643$1,493$803$417$211$42
49 years$2,560$1,425$755$385$192$37
50 years$2,480$1,362$710$356$174$32

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 $6,272 every year, while hoping to spend $55,642 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: 51/25/24 Blend
58$2,540,000$2,540,000$2,540,000$2,540,000
59$2,805,550$2,670,930$2,631,560$2,929,490
60$3,032,513$2,742,602$2,660,514$3,087,775
61$3,280,762$2,815,922$2,688,574$3,253,619
62$3,552,408$2,890,911$2,715,650$3,432,811
63$3,849,779$2,967,591$2,741,649$3,626,640
64$4,175,434$3,045,981$2,766,472$3,836,528
65$4,532,195$3,126,100$2,790,015$4,064,038
66$4,923,168$3,207,968$2,812,170$4,310,895
67$5,351,773$3,291,601$2,832,820$4,578,998
68$5,821,780$3,377,015$2,851,845$4,870,437
69$6,337,337$3,464,225$2,869,118$5,187,518
70$6,903,016$3,553,242$2,884,504$5,532,780
71$7,523,851$3,644,078$2,897,862$5,909,021
72$8,205,388$3,736,742$2,909,044$6,319,323
73$8,953,736$3,831,241$2,917,896$6,767,083
74$9,775,624$3,927,579$2,924,253$7,256,044
75$10,678,466$4,025,759$2,927,944$7,790,331
76$11,670,429$4,125,781$2,928,789$8,374,489
77$12,760,509$4,227,640$2,926,600$9,013,527
78$13,958,617$4,331,331$2,921,177$9,712,964
79$15,275,674$4,436,843$2,912,314$10,478,884
80$16,723,708$4,544,164$2,899,792$11,317,990
81$18,315,974$4,653,276$2,883,383$12,237,671
82$20,067,074$4,764,158$2,862,847$13,246,068
83$21,993,098$4,876,783$2,837,934$14,352,155
84$24,111,769$4,991,121$2,808,381$15,565,820
85$26,442,620$5,107,136$2,773,911$16,897,964
86$29,007,168$5,224,787$2,734,238$18,360,597
87$31,829,122$5,344,025$2,689,059$19,966,958
88$34,934,608$5,464,798$2,638,058$21,731,637
89$38,352,410$5,587,044$2,580,904$23,670,714
90$42,114,242$5,710,696$2,517,251$25,801,910
91$46,255,054$5,835,679$2,446,738$28,144,757
92$50,813,350$5,961,908$2,368,984$30,720,781
93$55,831,562$6,089,291$2,283,595$33,553,707
94$61,356,441$6,217,727$2,190,156$36,669,680
95$67,439,505$6,347,102$2,088,233$40,097,519
96$74,137,520$6,477,296$1,977,374$43,868,982
97$81,513,037$6,608,173$1,857,106$48,019,073
98$89,634,981$6,739,588$1,726,934$52,586,369
99$98,579,304$6,871,382$1,586,340$57,613,386
100$108,429,696$7,003,384$1,434,786$63,146,981