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%17%
1 years$213,054$211,156$209,305$207,497$205,733$199,868
2 years$105,472$103,508$101,604$99,758$97,968$92,105
3 years$69,616$67,644$65,745$63,916$62,155$56,477
4 years$51,692$49,725$47,845$46,048$44,329$38,881
5 years$40,940$38,985$37,130$35,369$33,699$28,494
6 years$33,775$31,834$30,006$28,285$26,664$21,709
7 years$28,658$26,734$24,936$23,255$21,685$16,978
8 years$24,823$22,916$21,147$19,508$17,990$13,529
9 years$21,841$19,953$18,214$16,616$15,150$10,931
10 years$19,457$17,587$15,880$14,323$12,909$8,925
11 years$17,508$15,657$13,980$12,466$11,102$7,348
12 years$15,885$14,053$12,407$10,934$9,621$6,089
13 years$14,513$12,700$11,085$9,653$8,389$5,072
14 years$13,338$11,544$9,960$8,569$7,354$4,243
15 years$12,320$10,545$8,992$7,642$6,475$3,562
16 years$11,430$9,675$8,153$6,843$5,723$2,999
17 years$10,646$8,910$7,419$6,148$5,074$2,531
18 years$9,950$8,234$6,772$5,541$4,512$2,140
19 years$9,328$7,631$6,200$5,006$4,021$1,812
20 years$8,769$7,091$5,690$4,534$3,592$1,537
21 years$8,263$6,605$5,234$4,115$3,214$1,305
22 years$7,804$6,166$4,824$3,742$2,881$1,109
23 years$7,386$5,766$4,454$3,408$2,586$944
24 years$7,003$5,403$4,119$3,108$2,325$803
25 years$6,652$5,070$3,815$2,838$2,092$684
26 years$6,328$4,765$3,538$2,595$1,884$583
27 years$6,028$4,485$3,285$2,375$1,699$497
28 years$5,750$4,226$3,054$2,176$1,533$424
29 years$5,492$3,987$2,842$1,996$1,384$362
30 years$5,252$3,765$2,647$1,832$1,251$309
31 years$5,027$3,559$2,468$1,682$1,131$264
32 years$4,817$3,368$2,303$1,546$1,023$225
33 years$4,620$3,189$2,150$1,422$926$192
34 years$4,436$3,023$2,009$1,308$838$164
35 years$4,262$2,867$1,878$1,204$759$140
36 years$4,098$2,721$1,757$1,109$688$120
37 years$3,943$2,584$1,645$1,022$623$102
38 years$3,797$2,456$1,540$942$565$87
39 years$3,658$2,336$1,443$868$512$75
40 years$3,527$2,222$1,352$801$465$64
41 years$3,403$2,115$1,268$739$422$54
42 years$3,285$2,014$1,190$682$383$47
43 years$3,172$1,919$1,116$630$347$40
44 years$3,065$1,830$1,048$581$315$34
45 years$2,963$1,745$984$537$286$29
46 years$2,866$1,664$924$496$260$25
47 years$2,774$1,588$868$458$236$21
48 years$2,685$1,516$816$423$214$18
49 years$2,600$1,448$767$391$195$15
50 years$2,519$1,383$721$362$177$13

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 $2,089 every year, while hoping to spend $33,965 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: 74/16/10 Blend
58$2,580,000$2,580,000$2,580,000$2,580,000
59$2,845,315$2,708,575$2,668,585$3,050,516
60$3,099,398$2,805,156$2,721,844$3,282,750
61$3,378,260$2,905,332$2,775,749$3,532,639
62$3,684,392$3,009,242$2,830,285$3,805,462
63$4,020,537$3,117,033$2,885,438$4,103,478
64$4,389,720$3,228,856$2,941,188$4,429,178
65$4,795,272$3,344,870$2,997,518$4,785,302
66$5,240,860$3,465,239$3,054,405$5,174,867
67$5,730,526$3,590,134$3,111,826$5,601,197
68$6,268,725$3,719,736$3,169,757$6,067,949
69$6,860,361$3,854,229$3,228,170$6,579,153
70$7,510,838$3,993,807$3,287,035$7,139,245
71$8,226,113$4,138,672$3,346,319$7,753,113
72$9,012,743$4,289,034$3,405,988$8,426,137
73$9,877,959$4,445,113$3,466,005$9,164,245
74$10,829,723$4,607,136$3,526,328$9,973,965
75$11,876,810$4,775,340$3,586,915$10,862,489
76$13,028,887$4,949,974$3,647,719$11,837,736
77$14,296,605$5,131,295$3,708,690$12,908,432
78$15,691,703$5,319,572$3,769,774$14,084,187
79$17,227,111$5,515,086$3,830,916$15,375,588
80$18,917,079$5,718,127$3,892,054$16,794,298
81$20,777,306$5,929,001$3,953,124$18,353,164
82$22,825,093$6,148,024$4,014,055$20,066,341
83$25,079,503$6,375,527$4,074,776$21,949,422
84$27,561,539$6,611,855$4,135,208$24,019,585
85$30,294,347$6,857,366$4,195,268$26,295,756
86$33,303,429$7,112,436$4,254,868$28,798,787
87$36,616,887$7,377,454$4,313,915$31,551,651
88$40,265,689$7,652,829$4,372,310$34,579,657
89$44,283,956$7,938,983$4,429,949$37,910,693
90$48,709,287$8,236,362$4,486,720$41,575,485
91$53,583,116$8,545,425$4,542,507$45,607,884
92$58,951,098$8,866,655$4,597,185$50,045,190
93$64,863,543$9,200,554$4,650,624$54,928,501
94$71,375,890$9,547,647$4,702,686$60,303,101
95$78,549,228$9,908,479$4,753,223$66,218,883
96$86,450,877$10,283,622$4,802,083$72,730,825
97$95,155,017$10,673,670$4,849,103$79,899,504
98$104,743,392$11,079,244$4,894,112$87,791,666
99$115,306,083$11,500,991$4,936,930$96,480,862
100$126,942,353$11,939,589$4,977,366$106,048,131