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%11.3%
1 years$217,183$215,248$213,361$211,519$209,720$208,573
2 years$107,516$105,514$103,573$101,692$99,867$98,709
3 years$70,966$68,955$67,019$65,155$63,359$62,228
4 years$52,694$50,689$48,773$46,940$45,189$44,091
5 years$41,734$39,741$37,849$36,055$34,352$33,291
6 years$34,429$32,451$30,588$28,833$27,181$26,160
7 years$29,214$27,253$25,419$23,705$22,106$21,124
8 years$25,304$23,360$21,557$19,886$18,339$17,396
9 years$22,265$20,339$18,567$16,938$15,444$14,540
10 years$19,835$17,928$16,187$14,601$13,159$12,294
11 years$17,848$15,960$14,251$12,707$11,317$10,490
12 years$16,193$14,325$12,647$11,146$9,807$9,018
13 years$14,794$12,946$11,300$9,840$8,552$7,799
14 years$13,596$11,767$10,153$8,735$7,497$6,780
15 years$12,559$10,750$9,167$7,790$6,601$5,918
16 years$11,652$9,863$8,311$6,975$5,834$5,185
17 years$10,853$9,083$7,563$6,267$5,173$4,557
18 years$10,143$8,393$6,904$5,648$4,599$4,016
19 years$9,509$7,779$6,320$5,103$4,099$3,547
20 years$8,939$7,228$5,800$4,622$3,662$3,139
21 years$8,423$6,733$5,335$4,195$3,277$2,782
22 years$7,956$6,285$4,917$3,814$2,937$2,470
23 years$7,529$5,878$4,540$3,474$2,637$2,196
24 years$7,139$5,508$4,199$3,168$2,370$1,955
25 years$6,781$5,169$3,889$2,893$2,132$1,741
26 years$6,450$4,858$3,607$2,645$1,921$1,553
27 years$6,145$4,572$3,349$2,421$1,732$1,386
28 years$5,862$4,308$3,113$2,219$1,563$1,238
29 years$5,599$4,064$2,897$2,035$1,411$1,106
30 years$5,354$3,838$2,699$1,867$1,275$989
31 years$5,125$3,628$2,516$1,715$1,153$885
32 years$4,911$3,433$2,347$1,576$1,043$792
33 years$4,710$3,251$2,192$1,449$944$709
34 years$4,521$3,081$2,048$1,333$854$635
35 years$4,344$2,922$1,915$1,227$774$569
36 years$4,177$2,774$1,791$1,130$701$510
37 years$4,019$2,635$1,676$1,042$635$457
38 years$3,870$2,504$1,570$960$576$410
39 years$3,729$2,381$1,471$885$522$368
40 years$3,596$2,265$1,379$816$474$330
41 years$3,469$2,156$1,293$753$430$296
42 years$3,348$2,054$1,213$695$390$266
43 years$3,234$1,957$1,138$642$354$238
44 years$3,125$1,865$1,068$593$321$214
45 years$3,021$1,778$1,003$547$292$192
46 years$2,922$1,697$942$506$265$172
47 years$2,827$1,619$885$467$241$155
48 years$2,737$1,546$832$432$218$139
49 years$2,650$1,476$782$399$198$125
50 years$2,568$1,410$735$369$180$112

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 $2,346 every year, while hoping to spend $51,900 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: 38/45/17 Blend
58$2,630,000$2,630,000$2,630,000$2,630,000
59$2,900,680$2,761,290$2,720,525$2,995,977
60$3,141,328$2,841,372$2,756,441$3,144,698
61$3,404,783$2,923,638$2,791,821$3,300,188
62$3,693,316$3,008,142$2,826,592$3,467,132
63$4,009,428$3,094,935$2,860,678$3,646,590
64$4,355,875$3,184,072$2,893,996$3,839,726
65$4,735,690$3,275,608$2,926,460$4,047,821
66$5,152,216$3,369,597$2,957,982$4,272,286
67$5,609,131$3,466,097$2,988,463$4,514,672
68$6,110,491$3,565,164$3,017,805$4,776,685
69$6,660,760$3,666,856$3,045,901$5,060,204
70$7,264,857$3,771,231$3,072,638$5,367,296
71$7,928,200$3,878,349$3,097,899$5,700,239
72$8,656,757$3,988,269$3,121,559$6,061,537
73$9,457,103$4,101,051$3,143,488$6,453,949
74$10,336,481$4,216,757$3,163,549$6,880,514
75$11,302,871$4,335,446$3,181,596$7,344,576
76$12,365,063$4,457,182$3,197,479$7,849,819
77$13,532,741$4,582,025$3,211,036$8,400,301
78$14,816,575$4,710,039$3,222,100$9,000,488
79$16,228,320$4,841,286$3,230,495$9,655,302
80$17,780,927$4,975,828$3,236,035$10,370,165
81$19,488,666$5,113,728$3,238,527$11,151,046
82$21,367,258$5,255,048$3,237,766$12,004,524
83$23,434,025$5,399,852$3,233,538$12,937,844
84$25,708,053$5,548,202$3,225,618$13,958,989
85$28,210,369$5,700,159$3,213,771$15,076,752
86$30,964,145$5,855,785$3,197,751$16,300,823
87$33,994,910$6,015,141$3,177,298$17,641,876
88$37,330,795$6,178,286$3,152,141$19,111,671
89$41,002,794$6,345,280$3,121,996$20,723,166
90$45,045,061$6,516,181$3,086,565$22,490,639
91$49,495,229$6,691,046$3,045,537$24,429,821
92$54,394,765$6,869,930$2,998,584$26,558,046
93$59,789,361$7,052,886$2,945,367$28,894,413
94$65,729,364$7,239,966$2,885,525$31,459,969
95$72,270,255$7,431,220$2,818,686$34,277,902
96$79,473,167$7,626,695$2,744,457$37,373,769
97$87,405,463$7,826,436$2,662,430$40,775,726
98$96,141,372$8,030,484$2,572,174$44,514,803
99$105,762,693$8,238,878$2,473,242$48,625,194
100$116,359,557$8,451,653$2,365,165$53,144,576