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

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$212,228$210,338$208,493$206,693$204,935$200,798
2 years$105,063$103,107$101,210$99,372$97,588$93,438
3 years$69,347$67,381$65,490$63,668$61,914$57,880
4 years$51,492$49,532$47,660$45,870$44,158$40,271
5 years$40,781$38,834$36,986$35,232$33,568$29,840
6 years$33,644$31,711$29,890$28,175$26,561$22,996
7 years$28,547$26,631$24,839$23,165$21,601$18,200
8 years$24,727$22,828$21,065$19,432$17,920$14,682
9 years$21,757$19,875$18,144$16,552$15,092$12,013
10 years$19,382$17,519$15,818$14,268$12,859$9,938
11 years$17,440$15,596$13,926$12,417$11,059$8,292
12 years$15,824$13,998$12,359$10,892$9,583$6,966
13 years$14,457$12,650$11,042$9,616$8,357$5,885
14 years$13,286$11,499$9,921$8,536$7,326$4,995
15 years$12,272$10,505$8,957$7,612$6,450$4,255
16 years$11,386$9,638$8,121$6,816$5,701$3,636
17 years$10,605$8,876$7,390$6,124$5,055$3,115
18 years$9,912$8,202$6,746$5,519$4,494$2,675
19 years$9,292$7,601$6,176$4,987$4,006$2,302
20 years$8,735$7,064$5,668$4,517$3,578$1,983
21 years$8,231$6,579$5,213$4,099$3,202$1,712
22 years$7,774$6,142$4,805$3,727$2,870$1,479
23 years$7,358$5,744$4,436$3,394$2,576$1,279
24 years$6,976$5,382$4,103$3,096$2,316$1,107
25 years$6,626$5,051$3,800$2,827$2,084$959
26 years$6,303$4,747$3,524$2,585$1,877$831
27 years$6,005$4,467$3,273$2,366$1,692$721
28 years$5,728$4,209$3,042$2,168$1,527$625
29 years$5,471$3,971$2,831$1,988$1,379$543
30 years$5,231$3,750$2,637$1,825$1,246$471
31 years$5,008$3,545$2,459$1,676$1,126$409
32 years$4,799$3,355$2,294$1,540$1,019$355
33 years$4,602$3,177$2,142$1,416$922$309
34 years$4,418$3,011$2,001$1,303$835$268
35 years$4,245$2,856$1,871$1,199$756$233
36 years$4,082$2,711$1,750$1,105$685$203
37 years$3,928$2,574$1,638$1,018$621$176
38 years$3,782$2,447$1,534$938$563$153
39 years$3,644$2,327$1,437$865$510$133
40 years$3,514$2,213$1,347$798$463$116
41 years$3,390$2,107$1,263$736$420$101
42 years$3,272$2,007$1,185$679$381$88
43 years$3,160$1,912$1,112$627$346$76
44 years$3,054$1,822$1,044$579$314$67
45 years$2,952$1,738$980$535$285$58
46 years$2,855$1,658$920$494$259$50
47 years$2,763$1,582$865$456$235$44
48 years$2,674$1,510$813$422$213$38
49 years$2,590$1,442$764$390$194$33
50 years$2,509$1,378$718$360$176$29

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 $4,438 every year, while hoping to spend $40,540 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: 51/22/27 Blend
58$2,570,000$2,570,000$2,570,000$2,570,000
59$2,836,718$2,700,508$2,660,673$2,959,634
60$3,082,929$2,789,698$2,706,671$3,134,856
61$3,352,895$2,881,901$2,752,852$3,320,845
62$3,648,995$2,977,219$2,799,178$3,522,285
63$3,973,853$3,075,763$2,845,610$3,740,664
64$4,330,354$3,177,644$2,892,106$3,977,618
65$4,721,681$3,282,979$2,938,622$4,234,952
66$5,151,336$3,391,889$2,985,110$4,514,647
67$5,623,179$3,504,498$3,031,518$4,818,888
68$6,141,463$3,620,938$3,077,793$5,150,079
69$6,710,869$3,741,341$3,123,877$5,510,869
70$7,336,560$3,865,848$3,169,708$5,904,171
71$8,024,217$3,994,604$3,215,222$6,333,196
72$8,780,105$4,127,757$3,260,349$6,801,479
73$9,611,122$4,265,463$3,305,017$7,312,913
74$10,524,869$4,407,883$3,349,148$7,871,785
75$11,529,721$4,555,185$3,392,660$8,482,819
76$12,634,904$4,707,540$3,435,465$9,151,214
77$13,850,584$4,865,130$3,477,473$9,882,702
78$15,187,961$5,028,139$3,518,587$10,683,592
79$16,659,377$5,196,761$3,558,703$11,560,836
80$18,278,427$5,371,196$3,597,713$12,522,093
81$20,060,094$5,551,653$3,635,504$13,575,798
82$22,020,885$5,738,345$3,671,955$14,731,245
83$24,178,989$5,931,497$3,706,939$15,998,673
84$26,554,446$6,131,341$3,740,322$17,389,362
85$29,169,340$6,338,117$3,771,963$18,915,739
86$32,048,002$6,552,075$3,801,713$20,591,496
87$35,217,245$6,773,473$3,829,417$22,431,718
88$38,706,612$7,002,581$3,854,911$24,453,024
89$42,548,656$7,239,677$3,878,020$26,673,728
90$46,779,249$7,485,051$3,898,563$29,114,006
91$51,437,917$7,739,003$3,916,350$31,796,088
92$56,568,215$8,001,845$3,931,178$34,744,470
93$62,218,138$8,273,901$3,942,838$37,986,142
94$68,440,573$8,555,506$3,951,107$41,550,843
95$75,293,795$8,847,010$3,955,753$45,471,341
96$82,842,023$9,148,774$3,956,532$49,783,743
97$91,156,021$9,461,175$3,953,187$54,527,837
98$100,313,765$9,784,604$3,945,450$59,747,462
99$110,401,185$10,119,464$3,933,037$65,490,926
100$121,512,967$10,466,179$3,915,655$71,811,461