Can I retire at age 59 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$213,880$211,975$210,116$208,302$206,530$204,800
2 years$105,881$103,909$101,998$100,145$98,348$96,604
3 years$69,886$67,906$65,999$64,164$62,396$60,692
4 years$51,892$49,918$48,031$46,226$44,501$42,851
5 years$41,099$39,136$37,274$35,506$33,829$32,237
6 years$33,905$31,958$30,123$28,395$26,768$25,237
7 years$28,769$26,838$25,032$23,345$21,769$20,299
8 years$24,919$23,005$21,229$19,583$18,060$16,651
9 years$21,926$20,030$18,285$16,681$15,209$13,861
10 years$19,533$17,656$15,941$14,379$12,959$11,670
11 years$17,576$15,718$14,034$12,514$11,145$9,915
12 years$15,947$14,107$12,455$10,976$9,658$8,486
13 years$14,569$12,749$11,128$9,691$8,422$7,307
14 years$13,389$11,588$9,998$8,602$7,383$6,322
15 years$12,368$10,586$9,027$7,672$6,500$5,494
16 years$11,475$9,713$8,184$6,869$5,745$4,790
17 years$10,688$8,945$7,448$6,172$5,094$4,190
18 years$9,989$8,266$6,799$5,562$4,529$3,674
19 years$9,364$7,660$6,224$5,026$4,037$3,228
20 years$8,803$7,118$5,712$4,552$3,606$2,842
21 years$8,295$6,631$5,254$4,131$3,227$2,507
22 years$7,835$6,189$4,842$3,756$2,892$2,214
23 years$7,415$5,789$4,471$3,421$2,596$1,958
24 years$7,030$5,424$4,135$3,120$2,334$1,733
25 years$6,677$5,090$3,830$2,849$2,100$1,536
26 years$6,352$4,784$3,552$2,605$1,892$1,362
27 years$6,051$4,502$3,298$2,385$1,705$1,209
28 years$5,773$4,242$3,066$2,185$1,539$1,074
29 years$5,513$4,002$2,853$2,004$1,390$954
30 years$5,272$3,780$2,658$1,839$1,256$849
31 years$5,047$3,573$2,478$1,689$1,135$755
32 years$4,836$3,381$2,312$1,552$1,027$672
33 years$4,638$3,202$2,159$1,427$929$598
34 years$4,453$3,034$2,017$1,313$841$533
35 years$4,278$2,878$1,886$1,209$762$474
36 years$4,114$2,732$1,764$1,113$690$423
37 years$3,958$2,594$1,651$1,026$626$377
38 years$3,811$2,466$1,546$945$567$336
39 years$3,673$2,345$1,448$872$514$299
40 years$3,541$2,231$1,358$804$467$267
41 years$3,416$2,123$1,273$742$423$238
42 years$3,297$2,022$1,194$685$384$212
43 years$3,185$1,927$1,121$632$349$189
44 years$3,077$1,837$1,052$584$316$169
45 years$2,975$1,751$988$539$287$151
46 years$2,877$1,671$928$498$261$135
47 years$2,784$1,594$871$460$237$120
48 years$2,695$1,522$819$425$215$107
49 years$2,610$1,454$770$393$195$96
50 years$2,529$1,388$724$363$177$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,590,000, adding $2,573 every year, while hoping to spend $55,902 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: 60/16/24 Blend
58$2,590,000$2,590,000$2,590,000$2,590,000
59$2,856,834$2,719,564$2,679,419$3,009,789
60$3,088,752$2,793,343$2,709,700$3,187,816
61$3,342,452$2,868,864$2,739,122$3,375,680
62$3,620,096$2,946,153$2,767,597$3,579,443
63$3,924,067$3,025,236$2,795,033$3,800,660
64$4,256,987$3,106,137$2,821,331$4,041,047
65$4,621,743$3,188,881$2,846,390$4,302,490
66$5,021,516$3,273,492$2,870,099$4,587,071
67$5,459,810$3,359,992$2,892,347$4,897,081
68$5,940,482$3,448,403$2,913,011$5,235,046
69$6,467,781$3,538,745$2,931,967$5,603,745
70$7,046,387$3,631,036$2,949,081$6,006,246
71$7,681,457$3,725,295$2,964,213$6,445,925
72$8,378,669$3,821,537$2,977,217$6,926,503
73$9,144,277$3,919,777$2,987,939$7,452,081
74$9,985,174$4,020,027$2,996,215$8,027,177
75$10,908,950$4,122,296$3,001,876$8,656,770
76$11,923,967$4,226,594$3,004,744$9,346,346
77$13,039,439$4,332,924$3,004,630$10,101,951
78$14,265,515$4,441,290$3,001,338$10,930,249
79$15,613,376$4,551,692$2,994,662$11,838,581
80$17,095,342$4,664,126$2,984,384$12,835,039
81$18,724,984$4,778,586$2,970,278$13,928,539
82$20,517,256$4,895,060$2,952,107$15,128,908
83$22,488,633$5,013,535$2,929,619$16,446,975
84$24,657,267$5,133,992$2,902,555$17,894,675
85$27,043,158$5,256,406$2,870,640$19,485,160
86$29,668,341$5,380,752$2,833,587$21,232,924
87$32,557,097$5,506,993$2,791,097$23,153,942
88$35,736,177$5,635,092$2,742,855$25,265,817
89$39,235,058$5,765,002$2,688,532$27,587,951
90$43,086,219$5,896,673$2,627,783$30,141,726
91$47,325,449$6,030,045$2,560,249$32,950,705
92$51,992,179$6,165,052$2,485,552$36,040,856
93$57,129,862$6,301,620$2,403,298$39,440,801
94$62,786,374$6,439,665$2,313,074$43,182,079
95$69,014,472$6,579,097$2,214,450$47,299,451
96$75,872,288$6,719,813$2,106,975$51,831,227
97$83,423,880$6,861,702$1,990,177$56,819,624
98$91,739,831$7,004,641$1,863,563$62,311,172
99$100,897,921$7,148,496$1,726,620$68,357,147
100$110,983,856$7,293,119$1,578,809$75,014,062