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%11.8%
1 years$209,751$207,882$206,060$204,280$202,543$201,014
2 years$103,837$101,903$100,029$98,212$96,449$94,907
3 years$68,537$66,595$64,725$62,925$61,191$59,685
4 years$50,891$48,954$47,103$45,334$43,642$42,183
5 years$40,305$38,381$36,554$34,821$33,176$31,768
6 years$33,251$31,341$29,541$27,847$26,251$24,896
7 years$28,214$26,320$24,549$22,894$21,349$20,047
8 years$24,438$22,561$20,819$19,205$17,711$16,463
9 years$21,503$19,643$17,932$16,359$14,915$13,720
10 years$19,156$17,315$15,633$14,101$12,709$11,566
11 years$17,237$15,414$13,763$12,272$10,930$9,839
12 years$15,639$13,835$12,215$10,765$9,472$8,431
13 years$14,288$12,503$10,913$9,503$8,259$7,269
14 years$13,131$11,365$9,805$8,436$7,240$6,298
15 years$12,129$10,382$8,853$7,524$6,375$5,480
16 years$11,253$9,525$8,026$6,737$5,634$4,785
17 years$10,481$8,772$7,304$6,053$4,996$4,190
18 years$9,796$8,106$6,667$5,455$4,442$3,679
19 years$9,183$7,513$6,104$4,929$3,959$3,238
20 years$8,633$6,981$5,602$4,464$3,536$2,855
21 years$8,135$6,503$5,152$4,051$3,165$2,522
22 years$7,683$6,070$4,749$3,684$2,837$2,231
23 years$7,272$5,677$4,385$3,355$2,546$1,976
24 years$6,895$5,319$4,055$3,060$2,289$1,752
25 years$6,549$4,992$3,756$2,794$2,059$1,555
26 years$6,229$4,691$3,483$2,555$1,855$1,381
27 years$5,934$4,415$3,235$2,339$1,673$1,228
28 years$5,661$4,160$3,007$2,143$1,509$1,092
29 years$5,407$3,925$2,798$1,965$1,363$972
30 years$5,170$3,707$2,606$1,803$1,231$866
31 years$4,949$3,504$2,430$1,656$1,113$771
32 years$4,743$3,315$2,267$1,522$1,007$688
33 years$4,549$3,140$2,117$1,400$911$613
34 years$4,367$2,976$1,978$1,288$825$547
35 years$4,195$2,822$1,849$1,185$747$488
36 years$4,034$2,679$1,730$1,092$677$436
37 years$3,882$2,544$1,619$1,006$614$389
38 years$3,738$2,418$1,516$927$556$347
39 years$3,602$2,299$1,421$855$505$310
40 years$3,473$2,188$1,331$789$458$277
41 years$3,350$2,082$1,248$728$415$247
42 years$3,234$1,983$1,171$671$377$221
43 years$3,123$1,890$1,099$620$342$198
44 years$3,018$1,801$1,032$572$310$177
45 years$2,918$1,718$969$529$282$158
46 years$2,822$1,639$910$488$256$141
47 years$2,731$1,564$855$451$232$126
48 years$2,643$1,493$803$417$211$113
49 years$2,560$1,425$755$385$192$101
50 years$2,480$1,362$710$356$174$90

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 $4,061 every year, while hoping to spend $54,160 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: 38/45/17 Blend
58$2,540,000$2,540,000$2,540,000$2,540,000
59$2,803,269$2,668,649$2,629,279$2,895,305
60$3,031,577$2,741,787$2,659,734$3,034,898
61$3,281,356$2,816,693$2,689,394$3,180,187
62$3,554,741$2,893,398$2,718,175$3,336,059
63$3,854,080$2,971,930$2,745,989$3,503,497
64$4,181,959$3,052,317$2,772,743$3,683,579
65$4,541,227$3,134,589$2,798,338$3,877,496
66$4,935,021$3,218,772$2,822,671$4,086,556
67$5,366,794$3,304,894$2,845,632$4,312,199
68$5,840,354$3,392,980$2,867,107$4,556,011
69$6,359,890$3,483,056$2,886,975$4,819,738
70$6,930,020$3,575,146$2,905,109$5,105,302
71$7,555,827$3,669,274$2,921,376$5,414,820
72$8,242,913$3,765,460$2,935,634$5,750,624
73$8,997,449$3,863,726$2,947,736$6,115,281
74$9,826,230$3,964,090$2,957,527$6,511,620
75$10,736,745$4,066,570$2,964,843$6,942,755
76$11,737,242$4,171,181$2,969,515$7,412,117
77$12,836,808$4,277,937$2,971,361$7,923,488
78$14,045,455$4,386,848$2,970,194$8,481,032
79$15,374,211$4,497,923$2,965,815$9,089,337
80$16,835,228$4,611,169$2,958,018$9,753,458
81$18,441,894$4,726,589$2,946,584$10,478,964
82$20,208,958$4,844,182$2,931,285$11,271,994
83$22,152,671$4,963,947$2,911,882$12,139,308
84$24,290,938$5,085,875$2,888,125$13,088,357
85$26,643,488$5,209,957$2,859,751$14,127,353
86$29,232,056$5,336,177$2,826,486$15,265,341
87$32,080,593$5,464,516$2,788,040$16,512,293
88$35,215,486$5,594,951$2,744,112$17,879,193
89$38,665,813$5,727,451$2,694,387$19,378,150
90$42,463,612$5,861,981$2,638,534$21,022,505
91$46,644,183$5,998,501$2,576,208$22,826,960
92$51,246,424$6,136,962$2,507,046$24,807,720
93$56,313,197$6,277,311$2,430,670$26,982,641
94$61,891,730$6,419,486$2,346,684$29,371,401
95$68,034,062$6,563,417$2,254,674$31,995,687
96$74,797,538$6,709,026$2,154,206$34,879,401
97$82,245,344$6,856,225$2,044,830$38,048,881
98$90,447,108$7,004,919$1,926,070$41,533,158
99$99,479,553$7,155,000$1,797,434$45,364,222
100$109,427,223$7,306,350$1,658,403$49,577,331