Can I retire at age 59 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$210,577$208,701$206,871$205,085$203,341$199,808
2 years$104,246$102,304$100,423$98,598$96,829$93,281
3 years$68,807$66,857$64,980$63,173$61,432$57,980
4 years$51,091$49,147$47,289$45,513$43,814$40,484
5 years$40,464$38,532$36,698$34,958$33,307$30,108
6 years$33,382$31,464$29,658$27,956$26,354$23,291
7 years$28,325$26,424$24,646$22,984$21,433$18,506
8 years$24,534$22,650$20,901$19,281$17,781$14,989
9 years$21,587$19,721$18,002$16,423$14,974$12,316
10 years$19,231$17,383$15,695$14,157$12,759$10,233
11 years$17,305$15,475$13,818$12,321$10,973$8,576
12 years$15,701$13,889$12,263$10,807$9,509$7,237
13 years$14,344$12,552$10,956$9,541$8,292$6,143
14 years$13,183$11,409$9,844$8,469$7,269$5,238
15 years$12,177$10,423$8,888$7,553$6,400$4,484
16 years$11,297$9,563$8,058$6,763$5,656$3,850
17 years$10,522$8,807$7,332$6,077$5,015$3,316
18 years$9,834$8,138$6,694$5,476$4,459$2,862
19 years$9,219$7,542$6,128$4,948$3,975$2,475
20 years$8,667$7,009$5,624$4,482$3,550$2,144
21 years$8,167$6,528$5,173$4,067$3,177$1,860
22 years$7,714$6,094$4,767$3,698$2,848$1,615
23 years$7,300$5,699$4,402$3,368$2,556$1,405
24 years$6,922$5,340$4,071$3,072$2,298$1,222
25 years$6,574$5,011$3,771$2,805$2,068$1,065
26 years$6,254$4,710$3,497$2,565$1,862$928
27 years$5,958$4,433$3,247$2,348$1,679$809
28 years$5,683$4,177$3,019$2,151$1,515$706
29 years$5,428$3,940$2,809$1,973$1,368$616
30 years$5,191$3,721$2,617$1,810$1,236$538
31 years$4,969$3,518$2,439$1,663$1,118$470
32 years$4,761$3,328$2,276$1,528$1,011$411
33 years$4,567$3,152$2,125$1,405$915$359
34 years$4,384$2,988$1,986$1,293$828$314
35 years$4,212$2,834$1,856$1,190$750$275
36 years$4,050$2,690$1,737$1,096$680$240
37 years$3,897$2,554$1,625$1,010$616$210
38 years$3,753$2,428$1,522$931$559$184
39 years$3,616$2,308$1,426$858$507$161
40 years$3,486$2,196$1,337$792$459$141
41 years$3,363$2,091$1,253$730$417$123
42 years$3,247$1,991$1,176$674$378$108
43 years$3,135$1,897$1,103$622$343$94
44 years$3,030$1,808$1,036$575$312$83
45 years$2,929$1,724$972$531$283$72
46 years$2,833$1,645$913$490$257$63
47 years$2,741$1,570$858$453$233$55
48 years$2,654$1,499$806$418$212$48
49 years$2,570$1,431$758$387$192$42
50 years$2,490$1,367$713$357$175$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,550,000, adding $2,855 every year, while hoping to spend $27,083 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: 56/33/11 Blend
58$2,550,000$2,550,000$2,550,000$2,550,000
59$2,813,045$2,677,895$2,638,370$2,962,710
60$3,071,159$2,780,296$2,697,939$3,166,662
61$3,354,694$2,886,806$2,758,596$3,385,473
62$3,666,213$2,997,600$2,820,349$3,623,164
63$4,008,540$3,112,856$2,883,205$3,881,539
64$4,384,789$3,232,764$2,947,170$4,162,587
65$4,798,388$3,357,520$3,012,251$4,468,492
66$5,253,114$3,487,329$3,078,452$4,801,656
67$5,753,129$3,622,405$3,145,777$5,164,722
68$6,303,017$3,762,972$3,214,229$5,560,598
69$6,907,830$3,909,263$3,283,812$5,992,482
70$7,573,135$4,061,523$3,354,525$6,463,894
71$8,305,063$4,220,006$3,426,370$6,978,707
72$9,110,371$4,384,977$3,499,345$7,541,181
73$9,996,503$4,556,716$3,573,447$8,156,007
74$10,971,662$4,735,511$3,648,674$8,828,347
75$12,044,886$4,921,665$3,725,019$9,563,884
76$13,226,134$5,115,496$3,802,476$10,368,871
77$14,526,378$5,317,334$3,881,038$11,250,194
78$15,957,709$5,527,524$3,960,693$12,215,432
79$17,533,450$5,746,427$4,041,430$13,272,931
80$19,268,279$5,974,419$4,123,236$14,431,880
81$21,178,374$6,211,896$4,206,095$15,702,394
82$23,281,557$6,459,268$4,289,988$17,095,615
83$25,597,469$6,716,965$4,374,896$18,623,809
84$28,147,752$6,985,437$4,460,795$20,300,484
85$30,956,252$7,265,154$4,547,662$22,140,518
86$34,049,249$7,556,605$4,635,468$24,160,294
87$37,455,699$7,860,305$4,724,182$26,377,856
88$41,207,509$8,176,789$4,813,771$28,813,076
89$45,339,841$8,506,617$4,904,198$31,487,844
90$49,891,439$8,850,376$4,995,423$34,426,268
91$54,904,999$9,208,677$5,087,403$37,654,903
92$60,427,567$9,582,162$5,180,090$41,203,000
93$66,510,989$9,971,498$5,273,433$45,102,778
94$73,212,394$10,377,385$5,367,377$49,389,730
95$80,594,737$10,800,555$5,461,863$54,102,952
96$88,727,391$11,241,773$5,556,826$59,285,515
97$97,686,804$11,701,839$5,652,198$64,984,864
98$107,557,217$12,181,588$5,747,906$71,253,269
99$118,431,462$12,681,895$5,843,870$78,148,311
100$130,411,838$13,203,675$5,940,006$85,733,428