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%14.3%
1 years$213,054$211,156$209,305$207,497$205,733$202,075
2 years$105,472$103,508$101,604$99,758$97,968$94,295
3 years$69,616$67,644$65,745$63,916$62,155$58,582
4 years$51,692$49,725$47,845$46,048$44,329$40,883
5 years$40,940$38,985$37,130$35,369$33,699$30,389
6 years$33,775$31,834$30,006$28,285$26,664$23,496
7 years$28,658$26,734$24,936$23,255$21,685$18,658
8 years$24,823$22,916$21,147$19,508$17,990$15,104
9 years$21,841$19,953$18,214$16,616$15,150$12,403
10 years$19,457$17,587$15,880$14,323$12,909$10,298
11 years$17,508$15,657$13,980$12,466$11,102$8,625
12 years$15,885$14,053$12,407$10,934$9,621$7,275
13 years$14,513$12,700$11,085$9,653$8,389$6,170
14 years$13,338$11,544$9,960$8,569$7,354$5,258
15 years$12,320$10,545$8,992$7,642$6,475$4,498
16 years$11,430$9,675$8,153$6,843$5,723$3,860
17 years$10,646$8,910$7,419$6,148$5,074$3,321
18 years$9,950$8,234$6,772$5,541$4,512$2,865
19 years$9,328$7,631$6,200$5,006$4,021$2,476
20 years$8,769$7,091$5,690$4,534$3,592$2,143
21 years$8,263$6,605$5,234$4,115$3,214$1,858
22 years$7,804$6,166$4,824$3,742$2,881$1,612
23 years$7,386$5,766$4,454$3,408$2,586$1,401
24 years$7,003$5,403$4,119$3,108$2,325$1,218
25 years$6,652$5,070$3,815$2,838$2,092$1,060
26 years$6,328$4,765$3,538$2,595$1,884$923
27 years$6,028$4,485$3,285$2,375$1,699$805
28 years$5,750$4,226$3,054$2,176$1,533$701
29 years$5,492$3,987$2,842$1,996$1,384$612
30 years$5,252$3,765$2,647$1,832$1,251$534
31 years$5,027$3,559$2,468$1,682$1,131$466
32 years$4,817$3,368$2,303$1,546$1,023$407
33 years$4,620$3,189$2,150$1,422$926$355
34 years$4,436$3,023$2,009$1,308$838$310
35 years$4,262$2,867$1,878$1,204$759$271
36 years$4,098$2,721$1,757$1,109$688$237
37 years$3,943$2,584$1,645$1,022$623$207
38 years$3,797$2,456$1,540$942$565$181
39 years$3,658$2,336$1,443$868$512$158
40 years$3,527$2,222$1,352$801$465$138
41 years$3,403$2,115$1,268$739$422$121
42 years$3,285$2,014$1,190$682$383$106
43 years$3,172$1,919$1,116$630$347$93
44 years$3,065$1,830$1,048$581$315$81
45 years$2,963$1,745$984$537$286$71
46 years$2,866$1,664$924$496$260$62
47 years$2,774$1,588$868$458$236$54
48 years$2,685$1,516$816$423$214$47
49 years$2,600$1,448$767$391$195$41
50 years$2,519$1,383$721$362$177$36

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 $2,013 every year, while hoping to spend $32,025 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: 51/30/19 Blend
58$2,580,000$2,580,000$2,580,000$2,580,000
59$2,845,236$2,708,496$2,668,506$2,975,293
60$3,101,376$2,807,138$2,723,827$3,163,797
61$3,382,569$2,909,540$2,779,928$3,365,153
62$3,691,336$3,015,853$2,836,800$3,583,392
63$4,030,455$3,126,233$2,894,436$3,820,121
64$4,402,987$3,240,844$2,952,825$4,077,111
65$4,812,302$3,359,855$3,011,955$4,356,307
66$5,262,113$3,483,444$3,071,812$4,659,849
67$5,756,512$3,611,797$3,132,381$4,990,092
68$6,300,007$3,745,105$3,193,646$5,349,626
69$6,897,562$3,883,570$3,255,588$5,741,303
70$7,554,649$4,027,401$3,318,186$6,168,258
71$8,277,295$4,176,815$3,381,417$6,633,944
72$9,072,142$4,332,041$3,445,257$7,142,159
73$9,946,505$4,493,316$3,509,678$7,697,086
74$10,908,447$4,660,888$3,574,651$8,303,328
75$11,966,851$4,835,013$3,640,143$8,965,950
76$13,131,502$5,015,961$3,706,120$9,690,532
77$14,413,185$5,204,013$3,772,545$10,483,216
78$15,823,781$5,399,460$3,839,376$11,350,763
79$17,376,382$5,602,609$3,906,571$12,300,618
80$19,085,413$5,813,778$3,974,081$13,340,981
81$20,966,770$6,033,297$4,041,858$14,480,879
82$23,037,966$6,261,515$4,109,846$15,730,253
83$25,318,301$6,498,791$4,177,988$17,100,054
84$27,829,040$6,745,504$4,246,223$18,602,339
85$30,593,614$7,002,046$4,314,484$20,250,388
86$33,637,845$7,268,828$4,382,701$22,058,829
87$36,990,183$7,546,279$4,450,799$24,043,771
88$40,681,980$7,834,845$4,518,699$26,222,961
89$44,747,782$8,134,992$4,586,316$28,615,944
90$49,225,658$8,447,209$4,653,559$31,244,251
91$54,157,555$8,772,002$4,720,333$34,131,600
92$59,589,698$9,109,903$4,786,538$37,304,116
93$65,573,025$9,461,466$4,852,064$40,790,580
94$72,163,664$9,827,268$4,916,798$44,622,699
95$79,423,467$10,207,914$4,980,621$48,835,401
96$87,420,592$10,604,033$5,043,403$53,467,164
97$96,230,146$11,016,283$5,105,010$58,560,382
98$105,934,892$11,445,353$5,165,299$64,161,757
99$116,626,035$11,891,959$5,224,121$70,322,746
100$128,404,077$12,356,851$5,281,315$77,100,036