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

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$210,577$208,701$206,871$205,085$203,341$196,204
2 years$104,246$102,304$100,423$98,598$96,829$89,714
3 years$68,807$66,857$64,980$63,173$61,432$54,562
4 years$51,091$49,147$47,289$45,513$43,814$37,242
5 years$40,464$38,532$36,698$34,958$33,307$27,049
6 years$33,382$31,464$29,658$27,956$26,354$20,417
7 years$28,325$26,424$24,646$22,984$21,433$15,814
8 years$24,534$22,650$20,901$19,281$17,781$12,475
9 years$21,587$19,721$18,002$16,423$14,974$9,976
10 years$19,231$17,383$15,695$14,157$12,759$8,059
11 years$17,305$15,475$13,818$12,321$10,973$6,562
12 years$15,701$13,889$12,263$10,807$9,509$5,377
13 years$14,344$12,552$10,956$9,541$8,292$4,428
14 years$13,183$11,409$9,844$8,469$7,269$3,660
15 years$12,177$10,423$8,888$7,553$6,400$3,036
16 years$11,297$9,563$8,058$6,763$5,656$2,525
17 years$10,522$8,807$7,332$6,077$5,015$2,104
18 years$9,834$8,138$6,694$5,476$4,459$1,757
19 years$9,219$7,542$6,128$4,948$3,975$1,469
20 years$8,667$7,009$5,624$4,482$3,550$1,230
21 years$8,167$6,528$5,173$4,067$3,177$1,031
22 years$7,714$6,094$4,767$3,698$2,848$864
23 years$7,300$5,699$4,402$3,368$2,556$726
24 years$6,922$5,340$4,071$3,072$2,298$609
25 years$6,574$5,011$3,771$2,805$2,068$512
26 years$6,254$4,710$3,497$2,565$1,862$430
27 years$5,958$4,433$3,247$2,348$1,679$362
28 years$5,683$4,177$3,019$2,151$1,515$304
29 years$5,428$3,940$2,809$1,973$1,368$256
30 years$5,191$3,721$2,617$1,810$1,236$216
31 years$4,969$3,518$2,439$1,663$1,118$181
32 years$4,761$3,328$2,276$1,528$1,011$153
33 years$4,567$3,152$2,125$1,405$915$129
34 years$4,384$2,988$1,986$1,293$828$108
35 years$4,212$2,834$1,856$1,190$750$91
36 years$4,050$2,690$1,737$1,096$680$77
37 years$3,897$2,554$1,625$1,010$616$65
38 years$3,753$2,428$1,522$931$559$54
39 years$3,616$2,308$1,426$858$507$46
40 years$3,486$2,196$1,337$792$459$39
41 years$3,363$2,091$1,253$730$417$33
42 years$3,247$1,991$1,176$674$378$27
43 years$3,135$1,897$1,103$622$343$23
44 years$3,030$1,808$1,036$575$312$19
45 years$2,929$1,724$972$531$283$16
46 years$2,833$1,645$913$490$257$14
47 years$2,741$1,570$858$453$233$12
48 years$2,654$1,499$806$418$212$10
49 years$2,570$1,431$758$387$192$8
50 years$2,490$1,367$713$357$175$7

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 $2,948 every year, while hoping to spend $31,894 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: 61/15/24 Blend
58$2,550,000$2,550,000$2,550,000$2,550,000
59$2,813,141$2,677,991$2,638,466$2,966,640
60$3,066,146$2,775,277$2,692,919$3,168,400
61$3,343,889$2,876,262$2,748,128$3,384,772
62$3,648,859$2,981,092$2,804,084$3,620,238
63$3,983,799$3,089,922$2,860,777$3,876,666
64$4,351,730$3,202,911$2,918,196$4,156,109
65$4,755,979$3,320,227$2,976,328$4,460,826
66$5,200,213$3,442,042$3,035,160$4,793,306
67$5,688,472$3,568,539$3,094,675$5,156,290
68$6,225,205$3,699,906$3,154,855$5,552,793
69$6,815,315$3,836,341$3,215,682$5,986,138
70$7,464,202$3,978,047$3,277,133$6,459,983
71$8,177,819$4,125,239$3,339,185$6,978,356
72$8,962,721$4,278,141$3,401,812$7,545,692
73$9,826,132$4,436,983$3,464,986$8,166,879
74$10,776,012$4,602,009$3,528,677$8,847,295
75$11,821,128$4,773,471$3,592,851$9,592,869
76$12,971,145$4,951,633$3,657,473$10,410,128
77$14,236,708$5,136,769$3,722,504$11,306,262
78$15,629,546$5,329,165$3,787,903$12,289,192
79$17,162,587$5,529,121$3,853,624$13,367,642
80$18,850,070$5,736,947$3,919,620$14,551,223
81$20,707,689$5,952,970$3,985,840$15,850,522
82$22,752,735$6,177,527$4,052,227$17,277,202
83$25,004,261$6,410,972$4,118,723$18,844,114
84$27,483,261$6,653,675$4,185,266$20,565,411
85$30,212,869$6,906,021$4,251,787$22,456,689
86$33,218,575$7,168,410$4,318,216$24,535,129
87$36,528,470$7,441,262$4,384,476$26,819,661
88$40,173,504$7,725,014$4,450,487$29,331,139
89$44,187,784$8,020,122$4,516,161$32,092,541
90$48,608,894$8,327,063$4,581,407$35,129,184
91$53,478,246$8,646,334$4,646,129$38,468,961
92$58,841,476$8,978,454$4,710,224$42,142,606
93$64,748,871$9,323,963$4,773,582$46,183,980
94$71,255,847$9,683,428$4,836,087$50,630,396
95$78,423,465$10,057,438$4,897,618$55,522,963
96$86,319,016$10,446,609$4,958,045$60,906,980
97$95,016,648$10,851,586$5,017,232$66,832,359
98$104,598,070$11,273,038$5,075,034$73,354,097
99$115,153,324$11,711,668$5,131,299$80,532,794
100$126,781,631$12,168,208$5,185,865$88,435,224