Can I retire at age 59 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$213,054$211,156$209,305$207,497$205,733$203,162
2 years$105,472$103,508$101,604$99,758$97,968$95,381
3 years$69,616$67,644$65,745$63,916$62,155$59,633
4 years$51,692$49,725$47,845$46,048$44,329$41,891
5 years$40,940$38,985$37,130$35,369$33,699$31,351
6 years$33,775$31,834$30,006$28,285$26,664$24,411
7 years$28,658$26,734$24,936$23,255$21,685$19,526
8 years$24,823$22,916$21,147$19,508$17,990$15,925
9 years$21,841$19,953$18,214$16,616$15,150$13,179
10 years$19,457$17,587$15,880$14,323$12,909$11,030
11 years$17,508$15,657$13,980$12,466$11,102$9,313
12 years$15,885$14,053$12,407$10,934$9,621$7,920
13 years$14,513$12,700$11,085$9,653$8,389$6,776
14 years$13,338$11,544$9,960$8,569$7,354$5,824
15 years$12,320$10,545$8,992$7,642$6,475$5,027
16 years$11,430$9,675$8,153$6,843$5,723$4,353
17 years$10,646$8,910$7,419$6,148$5,074$3,781
18 years$9,950$8,234$6,772$5,541$4,512$3,291
19 years$9,328$7,631$6,200$5,006$4,021$2,872
20 years$8,769$7,091$5,690$4,534$3,592$2,510
21 years$8,263$6,605$5,234$4,115$3,214$2,197
22 years$7,804$6,166$4,824$3,742$2,881$1,926
23 years$7,386$5,766$4,454$3,408$2,586$1,690
24 years$7,003$5,403$4,119$3,108$2,325$1,485
25 years$6,652$5,070$3,815$2,838$2,092$1,306
26 years$6,328$4,765$3,538$2,595$1,884$1,149
27 years$6,028$4,485$3,285$2,375$1,699$1,012
28 years$5,750$4,226$3,054$2,176$1,533$891
29 years$5,492$3,987$2,842$1,996$1,384$786
30 years$5,252$3,765$2,647$1,832$1,251$693
31 years$5,027$3,559$2,468$1,682$1,131$611
32 years$4,817$3,368$2,303$1,546$1,023$540
33 years$4,620$3,189$2,150$1,422$926$476
34 years$4,436$3,023$2,009$1,308$838$421
35 years$4,262$2,867$1,878$1,204$759$372
36 years$4,098$2,721$1,757$1,109$688$328
37 years$3,943$2,584$1,645$1,022$623$290
38 years$3,797$2,456$1,540$942$565$256
39 years$3,658$2,336$1,443$868$512$227
40 years$3,527$2,222$1,352$801$465$200
41 years$3,403$2,115$1,268$739$422$177
42 years$3,285$2,014$1,190$682$383$157
43 years$3,172$1,919$1,116$630$347$139
44 years$3,065$1,830$1,048$581$315$123
45 years$2,963$1,745$984$537$286$108
46 years$2,866$1,664$924$496$260$96
47 years$2,774$1,588$868$458$236$85
48 years$2,685$1,516$816$423$214$75
49 years$2,600$1,448$767$391$195$66
50 years$2,519$1,383$721$362$177$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,580,000, adding $4,630 every year, while hoping to spend $36,536 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: 71/21/8 Blend
58$2,580,000$2,580,000$2,580,000$2,580,000
59$2,847,936$2,711,196$2,671,206$3,045,979
60$3,099,551$2,805,170$2,721,817$3,271,461
61$3,375,607$2,902,525$2,772,900$3,513,227
62$3,678,557$3,003,387$2,824,430$3,776,849
63$4,011,105$3,107,889$2,876,384$4,064,469
64$4,376,230$3,216,167$2,928,734$4,378,445
65$4,777,210$3,328,364$2,981,452$4,721,373
66$5,217,661$3,444,629$3,034,506$5,096,111
67$5,701,563$3,565,117$3,087,862$5,505,805
68$6,233,301$3,689,986$3,141,485$5,953,919
69$6,817,708$3,819,405$3,195,334$6,444,266
70$7,460,105$3,953,547$3,249,368$6,981,046
71$8,166,356$4,092,591$3,303,543$7,568,883
72$8,942,923$4,236,727$3,357,810$8,212,870
73$9,796,923$4,386,148$3,412,119$8,918,615
74$10,736,199$4,541,059$3,466,414$9,692,294
75$11,769,390$4,701,670$3,520,638$10,540,709
76$12,906,017$4,868,201$3,574,728$11,471,352
77$14,156,568$5,040,880$3,628,620$12,492,476
78$15,532,601$5,219,947$3,682,242$13,613,169
79$17,046,850$5,405,647$3,735,520$14,843,443
80$18,713,344$5,598,239$3,788,375$16,194,326
81$20,547,544$5,797,992$3,840,725$17,677,967
82$22,566,483$6,005,184$3,892,479$19,307,747
83$24,788,932$6,220,105$3,943,544$21,098,409
84$27,235,571$6,443,058$3,993,821$23,066,194
85$29,929,190$6,674,359$4,043,205$25,228,991
86$32,894,899$6,914,334$4,091,584$27,606,513
87$36,160,368$7,163,326$4,138,842$30,220,473
88$39,756,086$7,421,689$4,184,853$33,094,795
89$43,715,649$7,689,794$4,229,487$36,255,836
90$48,076,077$7,968,026$4,272,607$39,732,636
91$52,878,164$8,256,786$4,314,067$43,557,189
92$58,166,861$8,556,493$4,353,712$47,764,745
93$63,991,701$8,867,581$4,391,382$52,394,143
94$70,407,268$9,190,506$4,426,907$57,488,176
95$77,473,707$9,525,739$4,460,106$63,093,993
96$85,257,298$9,873,772$4,490,792$69,263,545
97$93,831,074$10,235,120$4,518,766$76,054,073
98$103,275,519$10,610,315$4,543,819$83,528,648
99$113,679,317$10,999,916$4,565,733$91,756,764
100$125,140,198$11,404,503$4,584,276$100,814,997