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%11.9%
1 years$216,357$214,430$212,550$210,714$208,922$207,259
2 years$107,108$105,113$103,179$101,305$99,487$97,810
3 years$70,696$68,692$66,764$64,907$63,119$61,480
4 years$52,493$50,496$48,587$46,762$45,017$43,429
5 years$41,575$39,590$37,706$35,918$34,221$32,689
6 years$34,298$32,328$30,472$28,724$27,078$25,604
7 years$29,103$27,149$25,322$23,615$22,022$20,606
8 years$25,208$23,272$21,475$19,810$18,269$16,912
9 years$22,180$20,262$18,497$16,874$15,385$14,087
10 years$19,759$17,860$16,126$14,546$13,109$11,868
11 years$17,780$15,900$14,197$12,659$11,274$10,089
12 years$16,132$14,271$12,599$11,104$9,770$8,640
13 years$14,738$12,897$11,257$9,803$8,520$7,444
14 years$13,544$11,723$10,114$8,702$7,468$6,446
15 years$12,511$10,709$9,132$7,761$6,576$5,604
16 years$11,608$9,825$8,279$6,949$5,812$4,890
17 years$10,811$9,049$7,534$6,243$5,153$4,280
18 years$10,104$8,361$6,877$5,627$4,582$3,756
19 years$9,472$7,749$6,296$5,084$4,084$3,303
20 years$8,905$7,201$5,778$4,605$3,648$2,910
21 years$8,391$6,707$5,315$4,179$3,264$2,568
22 years$7,925$6,261$4,898$3,800$2,926$2,270
23 years$7,501$5,856$4,523$3,460$2,627$2,009
24 years$7,112$5,487$4,183$3,156$2,361$1,780
25 years$6,755$5,149$3,874$2,882$2,124$1,579
26 years$6,426$4,839$3,593$2,635$1,914$1,401
27 years$6,121$4,554$3,336$2,412$1,725$1,245
28 years$5,839$4,291$3,102$2,210$1,557$1,106
29 years$5,577$4,048$2,886$2,027$1,406$984
30 years$5,333$3,823$2,689$1,860$1,270$876
31 years$5,105$3,614$2,506$1,708$1,148$780
32 years$4,892$3,420$2,339$1,570$1,039$694
33 years$4,692$3,239$2,184$1,444$940$619
34 years$4,504$3,070$2,040$1,328$851$551
35 years$4,328$2,911$1,907$1,223$771$492
36 years$4,161$2,763$1,784$1,126$698$438
37 years$4,004$2,625$1,670$1,038$633$391
38 years$3,856$2,494$1,564$956$574$349
39 years$3,715$2,372$1,465$882$520$311
40 years$3,582$2,257$1,373$813$472$278
41 years$3,456$2,148$1,288$750$428$248
42 years$3,336$2,046$1,208$693$389$221
43 years$3,222$1,949$1,134$639$353$198
44 years$3,113$1,858$1,064$590$320$176
45 years$3,009$1,772$999$545$291$158
46 years$2,911$1,690$938$504$264$141
47 years$2,817$1,613$882$465$240$126
48 years$2,726$1,540$828$430$218$112
49 years$2,640$1,470$779$397$198$100
50 years$2,558$1,405$732$367$180$90

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 $2,836 every year, while hoping to spend $50,257 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: 59/33/8 Blend
58$2,620,000$2,620,000$2,620,000$2,620,000
59$2,890,165$2,751,305$2,710,695$3,055,436
60$3,131,489$2,832,646$2,748,031$3,248,042
61$3,395,744$2,916,288$2,784,932$3,451,993
62$3,685,214$3,002,292$2,821,332$3,673,120
63$4,002,419$3,090,717$2,857,160$3,913,074
64$4,350,130$3,181,626$2,892,339$4,173,674
65$4,731,401$3,275,083$2,926,790$4,456,920
66$5,149,594$3,371,153$2,960,428$4,765,014
67$5,608,414$3,469,901$2,993,164$5,100,380
68$6,111,941$3,571,395$3,024,903$5,465,687
69$6,664,669$3,675,703$3,055,547$5,863,872
70$7,271,549$3,782,896$3,084,992$6,298,170
71$7,938,033$3,893,044$3,113,125$6,772,143
72$8,670,130$4,006,220$3,139,832$7,289,711
73$9,474,456$4,122,498$3,164,990$7,855,193
74$10,358,303$4,241,953$3,188,469$8,473,345
75$11,329,702$4,364,661$3,210,135$9,149,404
76$12,397,502$4,490,699$3,229,845$9,889,138
77$13,571,451$4,620,147$3,247,448$10,698,901
78$14,862,288$4,753,084$3,262,787$11,585,690
79$16,281,847$4,889,591$3,275,696$12,557,214
80$17,843,165$5,029,750$3,286,001$13,621,963
81$19,560,606$5,173,645$3,293,520$14,789,289
82$21,449,994$5,321,361$3,298,060$16,069,497
83$23,528,768$5,472,982$3,299,419$17,473,937
84$25,816,139$5,628,595$3,297,386$19,015,112
85$28,333,276$5,788,287$3,291,740$20,706,798
86$31,103,504$5,952,146$3,282,246$22,564,172
87$34,152,522$6,120,262$3,268,663$24,603,954
88$37,508,649$6,292,725$3,250,732$26,844,567
89$41,203,087$6,469,624$3,228,187$29,306,307
90$45,270,216$6,651,050$3,200,746$32,011,536
91$49,747,922$6,837,096$3,168,115$34,984,894
92$54,677,949$7,027,852$3,129,986$38,253,528
93$60,106,294$7,223,411$3,086,034$41,847,352
94$66,083,643$7,423,865$3,035,923$45,799,323
95$72,665,846$7,629,306$2,979,299$50,145,758
96$79,914,447$7,839,826$2,915,790$54,926,672
97$87,897,261$8,055,518$2,845,009$60,186,158
98$96,689,015$8,276,472$2,766,550$65,972,801
99$106,372,054$8,502,779$2,679,990$72,340,136
100$117,037,118$8,734,529$2,584,883$79,347,155