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%16.8%
1 years$214,706$212,793$210,927$209,106$207,328$201,580
2 years$106,290$104,310$102,392$100,532$98,727$92,980
3 years$70,156$68,168$66,254$64,412$62,637$57,069
4 years$52,093$50,111$48,216$46,405$44,673$39,328
5 years$41,257$39,287$37,418$35,643$33,960$28,852
6 years$34,036$32,081$30,239$28,504$26,871$22,005
7 years$28,880$26,942$25,129$23,435$21,853$17,230
8 years$25,015$23,094$21,311$19,659$18,130$13,746
9 years$22,011$20,107$18,355$16,745$15,268$11,119
10 years$19,608$17,724$16,003$14,434$13,009$9,091
11 years$17,644$15,778$14,088$12,562$11,188$7,494
12 years$16,008$14,162$12,503$11,019$9,695$6,218
13 years$14,625$12,798$11,171$9,728$8,455$5,187
14 years$13,441$11,633$10,037$8,635$7,411$4,345
15 years$12,415$10,627$9,062$7,701$6,525$3,653
16 years$11,519$9,750$8,216$6,896$5,767$3,079
17 years$10,729$8,980$7,476$6,196$5,114$2,602
18 years$10,027$8,298$6,825$5,584$4,547$2,204
19 years$9,400$7,690$6,248$5,045$4,053$1,869
20 years$8,837$7,146$5,734$4,569$3,620$1,588
21 years$8,327$6,656$5,274$4,147$3,239$1,350
22 years$7,865$6,213$4,861$3,771$2,904$1,150
23 years$7,443$5,811$4,488$3,434$2,606$979
24 years$7,058$5,445$4,151$3,132$2,343$835
25 years$6,703$5,110$3,845$2,860$2,108$712
26 years$6,377$4,802$3,566$2,615$1,899$608
27 years$6,075$4,519$3,311$2,394$1,712$519
28 years$5,795$4,259$3,078$2,193$1,545$444
29 years$5,535$4,018$2,864$2,011$1,395$379
30 years$5,292$3,794$2,668$1,846$1,260$324
31 years$5,066$3,587$2,487$1,695$1,140$277
32 years$4,855$3,394$2,321$1,558$1,031$237
33 years$4,656$3,214$2,167$1,433$933$203
34 years$4,470$3,046$2,025$1,318$845$173
35 years$4,295$2,889$1,893$1,213$765$148
36 years$4,129$2,742$1,771$1,118$693$127
37 years$3,974$2,604$1,657$1,030$628$109
38 years$3,826$2,475$1,552$949$570$93
39 years$3,687$2,354$1,454$875$516$80
40 years$3,555$2,239$1,363$807$468$68
41 years$3,429$2,132$1,278$745$425$58
42 years$3,310$2,030$1,199$687$386$50
43 years$3,197$1,934$1,125$634$350$43
44 years$3,089$1,844$1,056$586$318$37
45 years$2,986$1,758$991$541$288$31
46 years$2,889$1,677$931$500$262$27
47 years$2,795$1,601$875$462$238$23
48 years$2,706$1,528$822$427$216$20
49 years$2,620$1,459$773$394$196$17
50 years$2,539$1,394$726$364$178$14

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 $5,089 every year, while hoping to spend $35,629 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: 29/41/30 Blend
58$2,600,000$2,600,000$2,600,000$2,600,000
59$2,870,449$2,732,649$2,692,349$2,927,073
60$3,125,326$2,828,640$2,744,634$3,068,599
61$3,405,006$2,928,140$2,797,476$3,217,229
62$3,711,982$3,031,284$2,850,857$3,376,317
63$4,048,999$3,138,212$2,904,755$3,546,797
64$4,419,081$3,249,068$2,959,148$3,729,689
65$4,825,559$3,364,005$3,014,012$3,926,115
66$5,272,104$3,483,179$3,069,319$4,137,309
67$5,762,758$3,606,754$3,125,041$4,364,623
68$6,301,975$3,734,901$3,181,145$4,609,544
69$6,894,662$3,867,796$3,237,599$4,873,707
70$7,546,224$4,005,625$3,294,365$5,158,906
71$8,262,617$4,148,579$3,351,405$5,467,117
72$9,050,403$4,296,858$3,408,675$5,800,508
73$9,916,810$4,450,670$3,466,132$6,161,465
74$10,869,804$4,610,232$3,523,727$6,552,613
75$11,918,159$4,775,769$3,581,407$6,976,836
76$13,071,545$4,947,516$3,639,119$7,437,309
77$14,340,616$5,125,717$3,696,802$7,937,523
78$15,737,108$5,310,626$3,754,394$8,481,319
79$17,273,956$5,502,510$3,811,829$9,072,924
80$18,965,410$5,701,643$3,869,036$9,716,989
81$20,827,171$5,908,313$3,925,938$10,418,633
82$22,876,542$6,122,820$3,982,456$11,183,489
83$25,132,586$6,345,475$4,038,505$12,017,756
84$27,616,310$6,576,603$4,093,995$12,928,260
85$30,350,860$6,816,543$4,148,830$13,922,515
86$33,361,741$7,065,647$4,202,909$15,008,792
87$36,677,057$7,324,282$4,256,125$16,196,196
88$40,327,777$7,592,832$4,308,366$17,494,756
89$44,348,024$7,871,695$4,359,510$18,915,510
90$48,775,401$8,161,286$4,409,432$20,470,615
91$53,651,343$8,462,040$4,457,999$22,173,459
92$59,021,508$8,774,408$4,505,070$24,038,783
93$64,936,208$9,098,860$4,550,496$26,082,824
94$71,450,884$9,435,888$4,594,121$28,323,460
95$78,626,630$9,786,002$4,635,780$30,780,387
96$86,530,766$10,149,736$4,675,298$33,475,293
97$95,237,477$10,527,645$4,712,493$36,432,069
98$104,828,510$10,920,311$4,747,172$39,677,029
99$115,393,949$11,328,336$4,779,133$43,239,161
100$127,033,059$11,752,352$4,808,161$47,150,392