Can I retire at age 59 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$218,009$216,067$214,172$212,323$210,517$207,543
2 years$107,925$105,915$103,967$102,078$100,246$97,255
3 years$71,235$69,217$67,274$65,403$63,600$60,686
4 years$52,894$50,882$48,958$47,119$45,360$42,545
5 years$41,892$39,892$37,993$36,192$34,482$31,774
6 years$34,560$32,575$30,704$28,943$27,285$24,686
7 years$29,325$27,356$25,515$23,796$22,190$19,703
8 years$25,400$23,449$21,639$19,961$18,408$16,032
9 years$22,349$20,417$18,638$17,003$15,503$13,236
10 years$19,910$17,996$16,249$14,657$13,209$11,051
11 years$17,916$16,021$14,305$12,756$11,360$9,308
12 years$16,255$14,380$12,695$11,188$9,844$7,896
13 years$14,850$12,995$11,343$9,878$8,585$6,737
14 years$13,648$11,812$10,191$8,768$7,525$5,775
15 years$12,606$10,791$9,201$7,820$6,626$4,971
16 years$11,696$9,900$8,342$7,002$5,856$4,293
17 years$10,894$9,118$7,591$6,291$5,192$3,718
18 years$10,181$8,425$6,930$5,669$4,617$3,227
19 years$9,545$7,808$6,344$5,123$4,115$2,808
20 years$8,973$7,256$5,822$4,640$3,676$2,447
21 years$8,455$6,759$5,355$4,211$3,289$2,135
22 years$7,986$6,309$4,936$3,829$2,948$1,866
23 years$7,558$5,901$4,557$3,487$2,647$1,633
24 years$7,166$5,528$4,215$3,180$2,379$1,430
25 years$6,806$5,188$3,904$2,904$2,141$1,253
26 years$6,475$4,876$3,620$2,656$1,928$1,099
27 years$6,168$4,589$3,362$2,431$1,738$965
28 years$5,884$4,324$3,125$2,227$1,569$847
29 years$5,620$4,079$2,908$2,042$1,416$745
30 years$5,374$3,852$2,709$1,874$1,280$655
31 years$5,144$3,642$2,526$1,721$1,157$576
32 years$4,929$3,446$2,356$1,582$1,047$506
33 years$4,728$3,263$2,200$1,455$947$446
34 years$4,539$3,093$2,056$1,339$858$392
35 years$4,361$2,934$1,922$1,232$777$345
36 years$4,193$2,784$1,798$1,135$704$304
37 years$4,035$2,645$1,683$1,046$638$268
38 years$3,885$2,513$1,576$964$578$236
39 years$3,743$2,390$1,476$889$524$208
40 years$3,609$2,274$1,384$820$476$183
41 years$3,482$2,164$1,298$756$432$161
42 years$3,361$2,061$1,217$698$392$142
43 years$3,246$1,964$1,142$644$355$125
44 years$3,137$1,872$1,072$595$323$110
45 years$3,032$1,785$1,007$549$293$97
46 years$2,933$1,703$946$507$266$86
47 years$2,838$1,625$888$469$241$76
48 years$2,747$1,551$835$433$219$67
49 years$2,661$1,482$785$400$199$59
50 years$2,578$1,415$738$370$181$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,640,000, adding $6,686 every year, while hoping to spend $35,998 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: 40/43/17 Blend
58$2,640,000$2,640,000$2,640,000$2,640,000
59$2,916,177$2,776,257$2,735,337$3,017,856
60$3,175,325$2,873,992$2,788,669$3,188,598
61$3,459,700$2,975,309$2,842,581$3,369,205
62$3,771,837$3,080,347$2,897,055$3,563,829
63$4,114,528$3,189,247$2,952,070$3,773,762
64$4,490,849$3,302,160$3,007,604$4,000,422
65$4,904,190$3,419,240$3,063,632$4,245,370
66$5,358,282$3,540,647$3,120,129$4,510,318
67$5,857,238$3,666,550$3,177,065$4,797,151
68$6,405,589$3,797,124$3,234,409$5,107,938
69$7,008,325$3,932,549$3,292,128$5,444,956
70$7,670,946$4,073,015$3,350,185$5,810,708
71$8,399,508$4,218,719$3,408,543$6,207,945
72$9,200,687$4,369,866$3,467,158$6,639,695
73$10,081,836$4,526,668$3,525,986$7,109,288
74$11,051,056$4,689,347$3,584,980$7,620,387
75$12,117,274$4,858,136$3,644,087$8,177,023
76$13,290,326$5,033,274$3,703,253$8,783,628
77$14,581,047$5,215,012$3,762,420$9,445,084
78$16,001,377$5,403,611$3,821,525$10,166,759
79$17,564,472$5,599,343$3,880,501$10,954,564
80$19,284,829$5,802,491$3,939,278$11,815,005
81$21,178,418$6,013,349$3,997,780$12,755,241
82$23,262,839$6,232,226$4,055,928$13,783,156
83$25,557,484$6,459,441$4,113,637$14,907,425
84$28,083,721$6,695,327$4,170,818$16,137,604
85$30,865,094$6,940,231$4,227,374$17,484,211
86$33,927,547$7,194,516$4,283,205$18,958,827
87$37,299,669$7,458,559$4,338,204$20,574,206
88$41,012,959$7,732,753$4,392,258$22,344,390
89$45,102,130$8,017,507$4,445,247$24,284,845
90$49,605,431$8,313,248$4,497,046$26,412,601
91$54,565,009$8,620,421$4,547,522$28,746,415
92$60,027,309$8,939,491$4,596,532$31,306,943
93$66,043,508$9,270,939$4,643,930$34,116,938
94$72,670,002$9,615,272$4,689,558$37,201,458
95$79,968,935$9,973,013$4,733,251$40,588,104
96$88,008,787$10,344,711$4,774,835$44,307,281
97$96,865,019$10,730,938$4,814,128$48,392,475
98$106,620,786$11,132,289$4,850,936$52,880,579
99$117,367,720$11,549,385$4,885,057$57,812,227
100$129,206,798$11,982,875$4,916,276$63,232,185