Can I retire at age 59 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$212,228$210,338$208,493$206,693$204,935$203,729
2 years$105,063$103,107$101,210$99,372$97,588$96,371
3 years$69,347$67,381$65,490$63,668$61,914$60,724
4 years$51,492$49,532$47,660$45,870$44,158$43,004
5 years$40,781$38,834$36,986$35,232$33,568$32,454
6 years$33,644$31,711$29,890$28,175$26,561$25,488
7 years$28,547$26,631$24,839$23,165$21,601$20,570
8 years$24,727$22,828$21,065$19,432$17,920$16,930
9 years$21,757$19,875$18,144$16,552$15,092$14,143
10 years$19,382$17,519$15,818$14,268$12,859$11,951
11 years$17,440$15,596$13,926$12,417$11,059$10,191
12 years$15,824$13,998$12,359$10,892$9,583$8,755
13 years$14,457$12,650$11,042$9,616$8,357$7,567
14 years$13,286$11,499$9,921$8,536$7,326$6,574
15 years$12,272$10,505$8,957$7,612$6,450$5,735
16 years$11,386$9,638$8,121$6,816$5,701$5,021
17 years$10,605$8,876$7,390$6,124$5,055$4,410
18 years$9,912$8,202$6,746$5,519$4,494$3,883
19 years$9,292$7,601$6,176$4,987$4,006$3,427
20 years$8,735$7,064$5,668$4,517$3,578$3,031
21 years$8,231$6,579$5,213$4,099$3,202$2,685
22 years$7,774$6,142$4,805$3,727$2,870$2,382
23 years$7,358$5,744$4,436$3,394$2,576$2,116
24 years$6,976$5,382$4,103$3,096$2,316$1,882
25 years$6,626$5,051$3,800$2,827$2,084$1,675
26 years$6,303$4,747$3,524$2,585$1,877$1,493
27 years$6,005$4,467$3,273$2,366$1,692$1,331
28 years$5,728$4,209$3,042$2,168$1,527$1,188
29 years$5,471$3,971$2,831$1,988$1,379$1,061
30 years$5,231$3,750$2,637$1,825$1,246$948
31 years$5,008$3,545$2,459$1,676$1,126$847
32 years$4,799$3,355$2,294$1,540$1,019$758
33 years$4,602$3,177$2,142$1,416$922$678
34 years$4,418$3,011$2,001$1,303$835$607
35 years$4,245$2,856$1,871$1,199$756$543
36 years$4,082$2,711$1,750$1,105$685$487
37 years$3,928$2,574$1,638$1,018$621$436
38 years$3,782$2,447$1,534$938$563$390
39 years$3,644$2,327$1,437$865$510$350
40 years$3,514$2,213$1,347$798$463$314
41 years$3,390$2,107$1,263$736$420$281
42 years$3,272$2,007$1,185$679$381$252
43 years$3,160$1,912$1,112$627$346$226
44 years$3,054$1,822$1,044$579$314$203
45 years$2,952$1,738$980$535$285$182
46 years$2,855$1,658$920$494$259$163
47 years$2,763$1,582$865$456$235$146
48 years$2,674$1,510$813$422$213$131
49 years$2,590$1,442$764$390$194$118
50 years$2,509$1,378$718$360$176$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,570,000, adding $4,766 every year, while hoping to spend $55,144 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: 34/42/24 Blend
58$2,570,000$2,570,000$2,570,000$2,570,000
59$2,837,056$2,700,846$2,661,011$2,912,653
60$3,067,763$2,774,515$2,691,482$3,043,134
61$3,320,154$2,849,945$2,721,126$3,178,403
62$3,596,382$2,927,165$2,749,856$3,323,169
63$3,898,819$3,006,202$2,777,583$3,478,310
64$4,230,077$3,087,084$2,804,209$3,644,793
65$4,593,030$3,169,836$2,829,636$3,823,683
66$4,990,846$3,254,486$2,853,756$4,016,151
67$5,427,014$3,341,056$2,876,458$4,223,487
68$5,905,374$3,429,573$2,897,624$4,447,113
69$6,430,158$3,520,058$2,917,130$4,688,593
70$7,006,027$3,612,534$2,934,847$4,949,652
71$7,638,114$3,707,020$2,950,637$5,232,188
72$8,332,075$3,803,537$2,964,356$5,538,292
73$9,094,138$3,902,102$2,975,853$5,870,269
74$9,931,165$4,002,731$2,984,970$6,230,657
75$10,850,717$4,105,437$2,991,539$6,622,255
76$11,861,119$4,210,233$2,995,385$7,048,144
77$12,971,547$4,317,128$2,996,324$7,511,720
78$14,192,107$4,426,130$2,994,163$8,016,726
79$15,533,935$4,537,242$2,988,700$8,567,285
80$17,009,297$4,650,468$2,979,723$9,167,943
81$18,631,709$4,765,805$2,967,008$9,823,707
82$20,416,063$4,883,249$2,950,322$10,540,098
83$22,378,764$5,002,791$2,929,420$11,323,198
84$24,537,889$5,124,419$2,904,047$12,179,711
85$26,913,354$5,248,116$2,873,933$13,117,025
86$29,527,104$5,373,861$2,838,797$14,143,285
87$32,403,317$5,501,628$2,798,345$15,267,464
88$35,568,633$5,631,386$2,752,268$16,499,455
89$39,052,407$5,763,098$2,700,242$17,850,159
90$42,886,983$5,896,720$2,641,931$19,331,594
91$47,108,000$6,032,204$2,576,980$20,957,002
92$51,754,727$6,169,492$2,505,019$22,740,981
93$56,870,433$6,308,522$2,425,662$24,699,619
94$62,502,798$6,449,221$2,338,503$26,850,649
95$68,704,360$6,591,508$2,243,118$29,213,616
96$75,533,008$6,735,296$2,139,067$31,810,061
97$83,052,534$6,880,485$2,025,884$34,663,728
98$91,333,229$7,026,965$1,903,088$37,800,785
99$100,452,549$7,174,617$1,770,172$41,250,076
100$110,495,845$7,323,308$1,626,608$45,043,391