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%15.4%
1 years$212,228$210,338$208,493$206,693$204,935$200,388
2 years$105,063$103,107$101,210$99,372$97,588$93,031
3 years$69,347$67,381$65,490$63,668$61,914$57,488
4 years$51,492$49,532$47,660$45,870$44,158$39,898
5 years$40,781$38,834$36,986$35,232$33,568$29,486
6 years$33,644$31,711$29,890$28,175$26,561$22,662
7 years$28,547$26,631$24,839$23,165$21,601$17,885
8 years$24,727$22,828$21,065$19,432$17,920$14,386
9 years$21,757$19,875$18,144$16,552$15,092$11,736
10 years$19,382$17,519$15,818$14,268$12,859$9,678
11 years$17,440$15,596$13,926$12,417$11,059$8,050
12 years$15,824$13,998$12,359$10,892$9,583$6,741
13 years$14,457$12,650$11,042$9,616$8,357$5,676
14 years$13,286$11,499$9,921$8,536$7,326$4,801
15 years$12,272$10,505$8,957$7,612$6,450$4,075
16 years$11,386$9,638$8,121$6,816$5,701$3,470
17 years$10,605$8,876$7,390$6,124$5,055$2,963
18 years$9,912$8,202$6,746$5,519$4,494$2,535
19 years$9,292$7,601$6,176$4,987$4,006$2,173
20 years$8,735$7,064$5,668$4,517$3,578$1,865
21 years$8,231$6,579$5,213$4,099$3,202$1,604
22 years$7,774$6,142$4,805$3,727$2,870$1,380
23 years$7,358$5,744$4,436$3,394$2,576$1,189
24 years$6,976$5,382$4,103$3,096$2,316$1,025
25 years$6,626$5,051$3,800$2,827$2,084$884
26 years$6,303$4,747$3,524$2,585$1,877$763
27 years$6,005$4,467$3,273$2,366$1,692$659
28 years$5,728$4,209$3,042$2,168$1,527$570
29 years$5,471$3,971$2,831$1,988$1,379$492
30 years$5,231$3,750$2,637$1,825$1,246$426
31 years$5,008$3,545$2,459$1,676$1,126$368
32 years$4,799$3,355$2,294$1,540$1,019$319
33 years$4,602$3,177$2,142$1,416$922$276
34 years$4,418$3,011$2,001$1,303$835$239
35 years$4,245$2,856$1,871$1,199$756$207
36 years$4,082$2,711$1,750$1,105$685$179
37 years$3,928$2,574$1,638$1,018$621$155
38 years$3,782$2,447$1,534$938$563$134
39 years$3,644$2,327$1,437$865$510$116
40 years$3,514$2,213$1,347$798$463$101
41 years$3,390$2,107$1,263$736$420$87
42 years$3,272$2,007$1,185$679$381$75
43 years$3,160$1,912$1,112$627$346$65
44 years$3,054$1,822$1,044$579$314$57
45 years$2,952$1,738$980$535$285$49
46 years$2,855$1,658$920$494$259$43
47 years$2,763$1,582$865$456$235$37
48 years$2,674$1,510$813$422$213$32
49 years$2,590$1,442$764$390$194$28
50 years$2,509$1,378$718$360$176$24

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 $3,645 every year, while hoping to spend $52,275 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: 39/31/30 Blend
58$2,570,000$2,570,000$2,570,000$2,570,000
59$2,835,900$2,699,690$2,659,855$2,921,169
60$3,069,541$2,776,354$2,693,340$3,060,757
61$3,325,262$2,855,024$2,726,194$3,206,543
62$3,605,260$2,935,740$2,758,342$3,363,214
63$3,911,953$3,018,548$2,789,703$3,531,797
64$4,248,005$3,103,490$2,820,192$3,713,426
65$4,616,352$3,190,611$2,849,718$3,909,349
66$5,020,224$3,279,955$2,878,188$4,120,939
67$5,463,181$3,371,567$2,905,501$4,349,710
68$5,949,142$3,465,491$2,931,552$4,597,328
69$6,482,426$3,561,771$2,956,231$4,865,630
70$7,067,789$3,660,454$2,979,420$5,156,638
71$7,710,469$3,761,582$3,000,997$5,472,580
72$8,416,239$3,865,201$3,020,832$5,815,912
73$9,191,455$3,971,356$3,038,790$6,189,338
74$10,043,122$4,080,091$3,054,727$6,595,838
75$10,978,953$4,191,448$3,068,494$7,038,697
76$12,007,450$4,305,472$3,079,932$7,521,531
77$13,137,976$4,422,206$3,088,875$8,048,329
78$14,380,846$4,541,692$3,095,150$8,623,484
79$15,747,428$4,663,970$3,098,572$9,251,837
80$17,250,243$4,789,081$3,098,952$9,938,725
81$18,903,086$4,917,065$3,096,086$10,690,027
82$20,721,160$5,047,960$3,089,763$11,512,222
83$22,721,211$5,181,803$3,079,763$12,412,453
84$24,921,691$5,318,628$3,065,852$13,398,589
85$27,342,932$5,458,470$3,047,787$14,479,304
86$30,007,336$5,601,359$3,025,312$15,664,157
87$32,939,585$5,747,326$2,998,160$16,963,682
88$36,166,875$5,896,398$2,966,051$18,389,492
89$39,719,174$6,048,599$2,928,692$19,954,381
90$43,629,500$6,203,951$2,885,773$21,672,453
91$47,934,237$6,362,473$2,836,975$23,559,252
92$52,673,475$6,524,180$2,781,960$25,631,907
93$57,891,389$6,689,084$2,720,374$27,909,300
94$63,636,654$6,857,192$2,651,850$30,412,239
95$69,962,908$7,028,509$2,576,002$33,163,657
96$76,929,251$7,203,033$2,492,425$36,188,829
97$84,600,810$7,380,757$2,400,697$39,515,614
98$93,049,349$7,561,671$2,300,376$43,174,713
99$102,353,946$7,745,755$2,191,002$47,199,963
100$112,601,738$7,932,987$2,072,090$51,628,659