Can I retire at age 59 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$216,357$214,430$212,550$210,714$208,922$202,559
2 years$107,108$105,113$103,179$101,305$99,487$93,131
3 years$70,696$68,692$66,764$64,907$63,119$56,969
4 years$52,493$50,496$48,587$46,762$45,017$39,120
5 years$41,575$39,590$37,706$35,918$34,221$28,594
6 years$34,298$32,328$30,472$28,724$27,078$21,725
7 years$29,103$27,149$25,322$23,615$22,022$16,943
8 years$25,208$23,272$21,475$19,810$18,269$13,461
9 years$22,180$20,262$18,497$16,874$15,385$10,843
10 years$19,759$17,860$16,126$14,546$13,109$8,826
11 years$17,780$15,900$14,197$12,659$11,274$7,243
12 years$16,132$14,271$12,599$11,104$9,770$5,982
13 years$14,738$12,897$11,257$9,803$8,520$4,966
14 years$13,544$11,723$10,114$8,702$7,468$4,140
15 years$12,511$10,709$9,132$7,761$6,576$3,463
16 years$11,608$9,825$8,279$6,949$5,812$2,905
17 years$10,811$9,049$7,534$6,243$5,153$2,443
18 years$10,104$8,361$6,877$5,627$4,582$2,058
19 years$9,472$7,749$6,296$5,084$4,084$1,736
20 years$8,905$7,201$5,778$4,605$3,648$1,467
21 years$8,391$6,707$5,315$4,179$3,264$1,241
22 years$7,925$6,261$4,898$3,800$2,926$1,051
23 years$7,501$5,856$4,523$3,460$2,627$890
24 years$7,112$5,487$4,183$3,156$2,361$755
25 years$6,755$5,149$3,874$2,882$2,124$640
26 years$6,426$4,839$3,593$2,635$1,914$544
27 years$6,121$4,554$3,336$2,412$1,725$462
28 years$5,839$4,291$3,102$2,210$1,557$392
29 years$5,577$4,048$2,886$2,027$1,406$333
30 years$5,333$3,823$2,689$1,860$1,270$283
31 years$5,105$3,614$2,506$1,708$1,148$241
32 years$4,892$3,420$2,339$1,570$1,039$205
33 years$4,692$3,239$2,184$1,444$940$174
34 years$4,504$3,070$2,040$1,328$851$148
35 years$4,328$2,911$1,907$1,223$771$126
36 years$4,161$2,763$1,784$1,126$698$107
37 years$4,004$2,625$1,670$1,038$633$91
38 years$3,856$2,494$1,564$956$574$77
39 years$3,715$2,372$1,465$882$520$66
40 years$3,582$2,257$1,373$813$472$56
41 years$3,456$2,148$1,288$750$428$48
42 years$3,336$2,046$1,208$693$389$41
43 years$3,222$1,949$1,134$639$353$35
44 years$3,113$1,858$1,064$590$320$29
45 years$3,009$1,772$999$545$291$25
46 years$2,911$1,690$938$504$264$21
47 years$2,817$1,613$882$465$240$18
48 years$2,726$1,540$828$430$218$15
49 years$2,640$1,470$779$397$198$13
50 years$2,558$1,405$732$367$180$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,620,000, adding $6,347 every year, while hoping to spend $40,386 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: 56/23/21 Blend
58$2,620,000$2,620,000$2,620,000$2,620,000
59$2,893,787$2,754,927$2,714,317$3,039,103
60$3,145,983$2,846,948$2,762,276$3,231,084
61$3,422,549$2,942,124$2,810,488$3,435,287
62$3,725,929$3,040,568$2,858,920$3,656,877
63$4,058,813$3,142,396$2,907,533$3,897,534
64$4,424,166$3,247,727$2,956,290$4,159,108
65$4,825,253$3,356,688$3,005,147$4,443,635
66$5,265,670$3,469,407$3,054,061$4,753,356
67$5,749,379$3,586,018$3,102,982$5,090,738
68$6,280,745$3,706,662$3,151,861$5,458,498
69$6,864,575$3,831,483$3,200,643$5,859,625
70$7,506,167$3,960,630$3,249,269$6,297,411
71$8,211,355$4,094,260$3,297,679$6,775,484
72$8,986,568$4,232,534$3,345,806$7,297,834
73$9,838,889$4,375,620$3,393,582$7,868,858
74$10,776,122$4,523,691$3,440,933$8,493,397
75$11,806,862$4,676,928$3,487,780$9,176,784
76$12,940,583$4,835,518$3,534,042$9,924,892
77$14,187,720$4,999,656$3,579,629$10,744,189
78$15,559,772$5,169,543$3,624,451$11,641,799
79$17,069,407$5,345,390$3,668,409$12,625,570
80$18,730,585$5,527,412$3,711,399$13,704,148
81$20,558,687$5,715,837$3,753,313$14,887,053
82$22,570,658$5,910,899$3,794,035$16,184,778
83$24,785,173$6,112,841$3,833,443$17,608,876
84$27,222,806$6,321,915$3,871,408$19,172,080
85$29,906,228$6,538,385$3,907,796$20,888,414
86$32,860,421$6,762,523$3,942,465$22,773,329
87$36,112,909$6,994,612$3,975,262$24,843,847
88$39,694,024$7,234,946$4,006,032$27,118,724
89$43,637,186$7,483,831$4,034,606$29,618,622
90$47,979,225$7,741,584$4,060,811$32,366,307
91$52,760,719$8,008,535$4,084,461$35,386,862
92$58,026,385$8,285,026$4,105,364$38,707,922
93$63,825,498$8,571,413$4,123,315$42,359,939
94$70,212,353$8,868,067$4,138,100$46,376,462
95$77,246,782$9,175,372$4,149,496$50,794,458
96$84,994,715$9,493,726$4,157,265$55,654,661
97$93,528,803$9,823,546$4,161,161$61,001,950
98$102,929,105$10,165,263$4,160,923$66,885,780
99$113,283,838$10,519,325$4,156,279$73,360,641
100$124,690,217$10,886,200$4,146,941$80,486,577