Can I retire at age 59 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$217,183$215,248$213,361$211,519$209,720$204,733
2 years$107,516$105,514$103,573$101,692$99,867$94,872
3 years$70,966$68,955$67,019$65,155$63,359$58,512
4 years$52,694$50,689$48,773$46,940$45,189$40,527
5 years$41,734$39,741$37,849$36,055$34,352$29,888
6 years$34,429$32,451$30,588$28,833$27,181$22,921
7 years$29,214$27,253$25,419$23,705$22,106$18,048
8 years$25,304$23,360$21,557$19,886$18,339$14,483
9 years$22,265$20,339$18,567$16,938$15,444$11,787
10 years$19,835$17,928$16,187$14,601$13,159$9,697
11 years$17,848$15,960$14,251$12,707$11,317$8,045
12 years$16,193$14,325$12,647$11,146$9,807$6,719
13 years$14,794$12,946$11,300$9,840$8,552$5,642
14 years$13,596$11,767$10,153$8,735$7,497$4,759
15 years$12,559$10,750$9,167$7,790$6,601$4,029
16 years$11,652$9,863$8,311$6,975$5,834$3,421
17 years$10,853$9,083$7,563$6,267$5,173$2,912
18 years$10,143$8,393$6,904$5,648$4,599$2,484
19 years$9,509$7,779$6,320$5,103$4,099$2,123
20 years$8,939$7,228$5,800$4,622$3,662$1,817
21 years$8,423$6,733$5,335$4,195$3,277$1,557
22 years$7,956$6,285$4,917$3,814$2,937$1,336
23 years$7,529$5,878$4,540$3,474$2,637$1,147
24 years$7,139$5,508$4,199$3,168$2,370$986
25 years$6,781$5,169$3,889$2,893$2,132$848
26 years$6,450$4,858$3,607$2,645$1,921$730
27 years$6,145$4,572$3,349$2,421$1,732$628
28 years$5,862$4,308$3,113$2,219$1,563$541
29 years$5,599$4,064$2,897$2,035$1,411$466
30 years$5,354$3,838$2,699$1,867$1,275$402
31 years$5,125$3,628$2,516$1,715$1,153$346
32 years$4,911$3,433$2,347$1,576$1,043$299
33 years$4,710$3,251$2,192$1,449$944$258
34 years$4,521$3,081$2,048$1,333$854$222
35 years$4,344$2,922$1,915$1,227$774$192
36 years$4,177$2,774$1,791$1,130$701$165
37 years$4,019$2,635$1,676$1,042$635$143
38 years$3,870$2,504$1,570$960$576$123
39 years$3,729$2,381$1,471$885$522$106
40 years$3,596$2,265$1,379$816$474$92
41 years$3,469$2,156$1,293$753$430$79
42 years$3,348$2,054$1,213$695$390$68
43 years$3,234$1,957$1,138$642$354$59
44 years$3,125$1,865$1,068$593$321$51
45 years$3,021$1,778$1,003$547$292$44
46 years$2,922$1,697$942$506$265$38
47 years$2,827$1,619$885$467$241$33
48 years$2,737$1,546$832$432$218$28
49 years$2,650$1,476$782$399$198$24
50 years$2,568$1,410$735$369$180$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,630,000, adding $2,497 every year, while hoping to spend $36,540 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: 45/39/16 Blend
58$2,630,000$2,630,000$2,630,000$2,630,000
59$2,900,836$2,761,446$2,720,681$3,017,970
60$3,157,843$2,857,878$2,772,945$3,196,431
61$3,439,840$2,957,811$2,825,736$3,385,972
62$3,749,337$3,061,378$2,879,032$3,590,724
63$4,089,100$3,168,716$2,932,810$3,812,110
64$4,462,175$3,279,970$2,987,046$4,051,696
65$4,871,917$3,395,289$3,041,712$4,311,203
66$5,322,023$3,514,828$3,096,780$4,592,522
67$5,816,564$3,638,750$3,152,217$4,897,733
68$6,360,027$3,767,222$3,207,990$5,229,125
69$6,957,354$3,900,420$3,264,061$5,589,215
70$7,613,989$4,038,525$3,320,392$5,980,769
71$8,335,931$4,181,728$3,376,940$6,406,834
72$9,129,788$4,330,225$3,433,660$6,870,760
73$10,002,842$4,484,221$3,490,504$7,376,234
74$10,963,115$4,643,931$3,547,418$7,927,312
75$12,019,445$4,809,576$3,604,349$8,528,460
76$13,181,570$4,981,387$3,661,237$9,184,592
77$14,460,221$5,159,606$3,718,019$9,901,117
78$15,867,219$5,344,482$3,774,628$10,683,989
79$17,415,591$5,536,277$3,830,993$11,539,763
80$19,119,689$5,735,262$3,887,039$12,475,655
81$20,995,328$5,941,721$3,942,686$13,499,611
82$23,059,933$6,155,947$3,997,847$14,620,377
83$25,332,705$6,378,247$4,052,434$15,847,587
84$27,834,801$6,608,940$4,106,350$17,191,846
85$30,589,532$6,848,360$4,159,494$18,664,836
86$33,622,586$7,096,852$4,211,759$20,279,418
87$36,962,269$7,354,777$4,263,033$22,049,758
88$40,639,771$7,622,511$4,313,194$23,991,457
89$44,689,459$7,900,446$4,362,118$26,121,699
90$49,149,205$8,188,989$4,409,670$28,459,408
91$54,060,740$8,488,565$4,455,710$31,025,429
92$59,470,048$8,799,617$4,500,089$33,842,724
93$65,427,802$9,122,607$4,542,651$36,936,583
94$71,989,838$9,458,016$4,583,230$40,334,866
95$79,217,687$9,806,344$4,621,654$44,068,262
96$87,179,151$10,168,115$4,657,739$48,170,578
97$95,948,943$10,543,871$4,691,292$52,679,055
98$105,609,396$10,934,182$4,722,111$57,634,721
99$116,251,236$11,339,638$4,749,983$63,082,775
100$127,974,438$11,760,856$4,774,684$69,073,009