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%15.6%
1 years$209,751$207,882$206,060$204,280$202,543$197,888
2 years$103,837$101,903$100,029$98,212$96,449$91,785
3 years$68,537$66,595$64,725$62,925$61,191$56,663
4 years$50,891$48,954$47,103$45,334$43,642$39,286
5 years$40,305$38,381$36,554$34,821$33,176$29,003
6 years$33,251$31,341$29,541$27,847$26,251$22,266
7 years$28,214$26,320$24,549$22,894$21,349$17,553
8 years$24,438$22,561$20,819$19,205$17,711$14,102
9 years$21,503$19,643$17,932$16,359$14,915$11,491
10 years$19,156$17,315$15,633$14,101$12,709$9,465
11 years$17,237$15,414$13,763$12,272$10,930$7,862
12 years$15,639$13,835$12,215$10,765$9,472$6,575
13 years$14,288$12,503$10,913$9,503$8,259$5,529
14 years$13,131$11,365$9,805$8,436$7,240$4,670
15 years$12,129$10,382$8,853$7,524$6,375$3,959
16 years$11,253$9,525$8,026$6,737$5,634$3,366
17 years$10,481$8,772$7,304$6,053$4,996$2,870
18 years$9,796$8,106$6,667$5,455$4,442$2,452
19 years$9,183$7,513$6,104$4,929$3,959$2,098
20 years$8,633$6,981$5,602$4,464$3,536$1,799
21 years$8,135$6,503$5,152$4,051$3,165$1,544
22 years$7,683$6,070$4,749$3,684$2,837$1,327
23 years$7,272$5,677$4,385$3,355$2,546$1,141
24 years$6,895$5,319$4,055$3,060$2,289$982
25 years$6,549$4,992$3,756$2,794$2,059$846
26 years$6,229$4,691$3,483$2,555$1,855$729
27 years$5,934$4,415$3,235$2,339$1,673$629
28 years$5,661$4,160$3,007$2,143$1,509$542
29 years$5,407$3,925$2,798$1,965$1,363$468
30 years$5,170$3,707$2,606$1,803$1,231$404
31 years$4,949$3,504$2,430$1,656$1,113$349
32 years$4,743$3,315$2,267$1,522$1,007$301
33 years$4,549$3,140$2,117$1,400$911$260
34 years$4,367$2,976$1,978$1,288$825$225
35 years$4,195$2,822$1,849$1,185$747$194
36 years$4,034$2,679$1,730$1,092$677$168
37 years$3,882$2,544$1,619$1,006$614$145
38 years$3,738$2,418$1,516$927$556$126
39 years$3,602$2,299$1,421$855$505$109
40 years$3,473$2,188$1,331$789$458$94
41 years$3,350$2,082$1,248$728$415$81
42 years$3,234$1,983$1,171$671$377$70
43 years$3,123$1,890$1,099$620$342$61
44 years$3,018$1,801$1,032$572$310$52
45 years$2,918$1,718$969$529$282$45
46 years$2,822$1,639$910$488$256$39
47 years$2,731$1,564$855$451$232$34
48 years$2,643$1,493$803$417$211$29
49 years$2,560$1,425$755$385$192$25
50 years$2,480$1,362$710$356$174$22

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 $6,908 every year, while hoping to spend $55,998 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: 60/11/29 Blend
58$2,540,000$2,540,000$2,540,000$2,540,000
59$2,806,206$2,671,586$2,632,216$2,952,108
60$3,032,857$2,742,912$2,660,813$3,123,862
61$3,280,750$2,815,856$2,688,492$3,304,625
62$3,551,993$2,890,439$2,715,163$3,500,718
63$3,848,905$2,966,679$2,740,730$3,713,648
64$4,174,042$3,044,596$2,765,093$3,945,079
65$4,530,219$3,124,205$2,788,148$4,196,842
66$4,920,534$3,205,524$2,809,784$4,470,953
67$5,348,400$3,288,567$2,829,884$4,769,637
68$5,817,577$3,373,347$2,848,325$5,095,345
69$6,332,205$3,459,876$2,864,979$5,450,776
70$6,896,844$3,548,163$2,879,709$5,838,907
71$7,516,516$3,638,218$2,892,374$6,263,017
72$8,196,756$3,730,045$2,902,823$6,726,721
73$8,943,656$3,823,649$2,910,899$7,234,001
74$9,763,932$3,919,031$2,916,437$7,789,247
75$10,664,979$4,016,189$2,919,263$8,397,298
76$11,654,944$4,115,119$2,919,196$9,063,486
77$12,742,802$4,215,814$2,916,043$9,793,688
78$13,938,442$4,318,263$2,909,605$10,594,380
79$15,252,758$4,422,453$2,899,671$11,472,701
80$16,697,751$4,528,364$2,886,021$12,436,518
81$18,286,643$4,635,976$2,868,424$13,494,503
82$20,034,002$4,745,260$2,846,638$14,656,212
83$21,955,878$4,856,186$2,820,409$15,932,179
84$24,069,956$4,968,718$2,789,471$17,334,012
85$26,395,720$5,082,812$2,753,546$18,874,506
86$28,954,635$5,198,422$2,712,342$20,567,763
87$31,770,357$5,315,494$2,665,554$22,429,325
88$34,868,946$5,433,966$2,612,863$24,476,321
89$38,279,118$5,553,770$2,553,934$26,727,631
90$42,032,515$5,674,832$2,488,418$29,204,062
91$46,164,000$5,797,066$2,415,947$31,928,546
92$50,711,987$5,920,381$2,336,141$34,926,360
93$55,718,805$6,044,676$2,248,597$38,225,359
94$61,231,096$6,169,838$2,152,898$41,856,244
95$67,300,253$6,295,746$2,048,606$45,852,853
96$73,982,908$6,422,266$1,935,262$50,252,476
97$81,341,461$6,549,253$1,812,390$55,096,215
98$89,444,673$6,676,550$1,679,489$60,429,367
99$98,368,315$6,803,986$1,536,037$66,301,854
100$108,195,877$6,931,375$1,381,488$72,768,697