Can I retire at age 59 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$215,531$213,612$211,738$209,910$208,125$204,846
2 years$106,699$104,712$102,786$100,918$99,107$95,812
3 years$70,426$68,430$66,509$64,659$62,878$59,669
4 years$52,293$50,303$48,402$46,583$44,845$41,747
5 years$41,416$39,438$37,562$35,781$34,090$31,113
6 years$34,167$32,204$30,355$28,614$26,975$24,121
7 years$28,992$27,045$25,225$23,525$21,938$19,208
8 years$25,112$23,183$21,393$19,735$18,199$15,594
9 years$22,095$20,185$18,426$16,810$15,326$12,844
10 years$19,684$17,792$16,064$14,490$13,059$10,697
11 years$17,712$15,839$14,143$12,611$11,231$8,987
12 years$16,070$14,216$12,551$11,061$9,733$7,604
13 years$14,682$12,847$11,214$9,765$8,487$6,471
14 years$13,493$11,678$10,076$8,669$7,440$5,533
15 years$12,463$10,668$9,097$7,731$6,550$4,749
16 years$11,563$9,788$8,248$6,922$5,789$4,090
17 years$10,770$9,014$7,505$6,220$5,133$3,532
18 years$10,066$8,329$6,851$5,605$4,564$3,057
19 years$9,436$7,720$6,272$5,065$4,068$2,652
20 years$8,871$7,173$5,756$4,587$3,634$2,304
21 years$8,359$6,682$5,294$4,163$3,252$2,005
22 years$7,895$6,237$4,880$3,785$2,915$1,747
23 years$7,472$5,834$4,505$3,447$2,617$1,523
24 years$7,085$5,466$4,167$3,144$2,352$1,330
25 years$6,729$5,129$3,859$2,871$2,116$1,162
26 years$6,401$4,821$3,579$2,625$1,906$1,016
27 years$6,098$4,537$3,324$2,403$1,719$889
28 years$5,817$4,275$3,090$2,202$1,551$778
29 years$5,556$4,033$2,875$2,019$1,400$682
30 years$5,313$3,809$2,678$1,853$1,265$597
31 years$5,086$3,600$2,497$1,702$1,144$523
32 years$4,873$3,407$2,330$1,564$1,035$459
33 years$4,674$3,226$2,175$1,438$936$402
34 years$4,487$3,058$2,032$1,323$848$353
35 years$4,311$2,900$1,900$1,218$768$310
36 years$4,145$2,753$1,778$1,122$696$272
37 years$3,989$2,615$1,664$1,034$631$239
38 years$3,841$2,485$1,558$953$572$209
39 years$3,701$2,363$1,460$879$518$184
40 years$3,568$2,248$1,368$810$470$161
41 years$3,442$2,140$1,283$748$427$142
42 years$3,323$2,038$1,203$690$387$125
43 years$3,209$1,942$1,129$637$351$109
44 years$3,101$1,851$1,060$588$319$96
45 years$2,998$1,765$995$543$290$84
46 years$2,900$1,684$935$502$263$74
47 years$2,806$1,607$878$463$239$65
48 years$2,716$1,534$825$428$217$57
49 years$2,630$1,465$776$396$197$50
50 years$2,548$1,399$729$366$179$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,610,000, adding $6,314 every year, while hoping to spend $44,229 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: 70/14/16 Blend
58$2,610,000$2,610,000$2,610,000$2,610,000
59$2,882,733$2,744,403$2,703,948$3,073,363
60$3,129,712$2,831,819$2,747,471$3,288,398
61$3,400,401$2,922,037$2,790,969$3,517,774
62$3,697,171$3,015,146$2,834,396$3,767,685
63$4,022,635$3,111,240$2,877,700$4,040,153
64$4,379,669$3,210,416$2,920,829$4,337,401
65$4,771,442$3,312,773$2,963,723$4,661,881
66$5,201,445$3,418,415$3,006,324$5,016,289
67$5,673,523$3,527,448$3,048,566$5,403,597
68$6,191,911$3,639,981$3,090,382$5,827,076
69$6,761,275$3,756,129$3,131,698$6,290,332
70$7,386,754$3,876,009$3,172,439$6,797,333
71$8,074,010$3,999,741$3,212,524$7,352,451
72$8,829,282$4,127,451$3,251,866$7,960,504
73$9,659,441$4,259,268$3,290,375$8,626,794
74$10,572,057$4,395,325$3,327,957$9,357,168
75$11,575,472$4,535,762$3,364,508$10,158,062
76$12,678,875$4,680,719$3,399,924$11,036,569
77$13,892,390$4,830,344$3,434,091$12,000,502
78$15,227,172$4,984,789$3,466,892$13,058,469
79$16,695,512$5,144,211$3,498,200$14,219,953
80$18,310,949$5,308,773$3,527,885$15,495,401
81$20,088,405$5,478,642$3,555,809$16,896,325
82$22,044,318$5,653,991$3,581,824$18,435,408
83$24,196,802$5,835,000$3,605,779$20,126,623
84$26,565,814$6,021,853$3,627,510$21,985,367
85$29,173,344$6,214,741$3,646,849$24,028,602
86$32,043,624$6,413,863$3,663,617$26,275,021
87$35,203,353$6,619,421$3,677,627$28,745,218
88$38,681,949$6,831,626$3,688,682$31,461,886
89$42,511,829$7,050,697$3,696,574$34,450,028
90$46,728,713$7,276,859$3,701,087$37,737,198
91$51,371,960$7,510,344$3,701,992$41,353,752
92$56,484,942$7,751,392$3,699,050$45,333,145
93$62,115,448$8,000,253$3,692,011$49,712,236
94$68,316,141$8,257,183$3,680,611$54,531,643
95$75,145,050$8,522,447$3,664,573$59,836,123
96$82,666,118$8,796,320$3,643,610$65,674,997
97$90,949,808$9,079,085$3,617,416$72,102,609
98$100,073,764$9,371,036$3,585,676$79,178,847
99$110,123,547$9,672,476$3,548,054$86,969,700
100$121,193,438$9,983,717$3,504,204$95,547,888