Can I retire at age 59 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$214,706$212,793$210,927$209,106$207,328$201,906
2 years$106,290$104,310$102,392$100,532$98,727$93,302
3 years$70,156$68,168$66,254$64,412$62,637$57,378
4 years$52,093$50,111$48,216$46,405$44,673$39,621
5 years$41,257$39,287$37,418$35,643$33,960$29,128
6 years$34,036$32,081$30,239$28,504$26,871$22,264
7 years$28,880$26,942$25,129$23,435$21,853$17,472
8 years$25,015$23,094$21,311$19,659$18,130$13,972
9 years$22,011$20,107$18,355$16,745$15,268$11,330
10 years$19,608$17,724$16,003$14,434$13,009$9,286
11 years$17,644$15,778$14,088$12,562$11,188$7,674
12 years$16,008$14,162$12,503$11,019$9,695$6,385
13 years$14,625$12,798$11,171$9,728$8,455$5,340
14 years$13,441$11,633$10,037$8,635$7,411$4,486
15 years$12,415$10,627$9,062$7,701$6,525$3,781
16 years$11,519$9,750$8,216$6,896$5,767$3,197
17 years$10,729$8,980$7,476$6,196$5,114$2,710
18 years$10,027$8,298$6,825$5,584$4,547$2,302
19 years$9,400$7,690$6,248$5,045$4,053$1,958
20 years$8,837$7,146$5,734$4,569$3,620$1,668
21 years$8,327$6,656$5,274$4,147$3,239$1,423
22 years$7,865$6,213$4,861$3,771$2,904$1,215
23 years$7,443$5,811$4,488$3,434$2,606$1,039
24 years$7,058$5,445$4,151$3,132$2,343$888
25 years$6,703$5,110$3,845$2,860$2,108$760
26 years$6,377$4,802$3,566$2,615$1,899$651
27 years$6,075$4,519$3,311$2,394$1,712$558
28 years$5,795$4,259$3,078$2,193$1,545$478
29 years$5,535$4,018$2,864$2,011$1,395$410
30 years$5,292$3,794$2,668$1,846$1,260$352
31 years$5,066$3,587$2,487$1,695$1,140$302
32 years$4,855$3,394$2,321$1,558$1,031$259
33 years$4,656$3,214$2,167$1,433$933$222
34 years$4,470$3,046$2,025$1,318$845$191
35 years$4,295$2,889$1,893$1,213$765$164
36 years$4,129$2,742$1,771$1,118$693$140
37 years$3,974$2,604$1,657$1,030$628$121
38 years$3,826$2,475$1,552$949$570$104
39 years$3,687$2,354$1,454$875$516$89
40 years$3,555$2,239$1,363$807$468$76
41 years$3,429$2,132$1,278$745$425$66
42 years$3,310$2,030$1,199$687$386$56
43 years$3,197$1,934$1,125$634$350$48
44 years$3,089$1,844$1,056$586$318$42
45 years$2,986$1,758$991$541$288$36
46 years$2,889$1,677$931$500$262$31
47 years$2,795$1,601$875$462$238$26
48 years$2,706$1,528$822$427$216$23
49 years$2,620$1,459$773$394$196$19
50 years$2,539$1,394$726$364$178$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,600,000, adding $3,968 every year, while hoping to spend $54,463 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: 51/29/20 Blend
58$2,600,000$2,600,000$2,600,000$2,600,000
59$2,869,293$2,731,493$2,691,193$2,999,519
60$3,104,013$2,807,388$2,723,400$3,165,706
61$3,360,848$2,885,176$2,754,860$3,340,352
62$3,641,998$2,964,894$2,785,491$3,529,084
63$3,949,884$3,046,575$2,815,207$3,733,254
64$4,287,170$3,130,255$2,843,914$3,954,351
65$4,656,793$3,215,969$2,871,517$4,194,018
66$5,061,986$3,303,751$2,897,913$4,454,060
67$5,506,309$3,393,637$2,922,994$4,736,468
68$5,993,686$3,485,658$2,946,648$5,043,432
69$6,528,436$3,579,849$2,968,754$5,377,366
70$7,115,318$3,676,243$2,989,188$5,740,929
71$7,759,572$3,774,870$3,007,818$6,137,048
72$8,466,972$3,875,763$3,024,504$6,568,950
73$9,243,879$3,978,952$3,039,101$7,040,189
74$10,097,299$4,084,464$3,051,455$7,554,679
75$11,034,950$4,192,329$3,061,405$8,116,733
76$12,065,334$4,302,573$3,068,781$8,731,103
77$13,197,820$4,415,220$3,073,407$9,403,026
78$14,442,726$4,530,295$3,075,095$10,138,270
79$15,811,423$4,647,818$3,073,649$10,943,190
80$17,316,436$4,767,809$3,068,865$11,824,791
81$18,971,566$4,890,286$3,060,526$12,790,790
82$20,792,019$5,015,263$3,048,406$13,849,690
83$22,794,547$5,142,752$3,032,269$15,010,862
84$24,997,607$5,272,763$3,011,867$16,284,631
85$27,421,536$5,405,303$2,986,938$17,682,376
86$30,088,744$5,540,373$2,957,211$19,216,633
87$33,023,917$5,677,973$2,922,399$20,901,222
88$36,254,262$5,818,098$2,882,204$22,751,367
89$39,809,751$5,960,740$2,836,313$24,783,848
90$43,723,414$6,105,884$2,784,397$27,017,155
91$48,031,641$6,253,512$2,726,114$29,471,665
92$52,774,534$6,403,599$2,661,104$32,169,834
93$57,996,277$6,556,116$2,588,992$35,136,409
94$63,745,558$6,711,027$2,509,384$38,398,661
95$70,076,027$6,868,289$2,421,870$41,986,644
96$77,046,798$7,027,852$2,326,019$45,933,480
97$84,723,013$7,189,658$2,221,383$50,275,668
98$93,176,452$7,353,642$2,107,490$55,053,433
99$102,486,209$7,519,730$1,983,850$60,311,104
100$112,739,443$7,687,838$1,849,950$66,097,536