Can I retire at age 59 with 2,650,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$218,835$216,885$214,983$213,127$211,315$207,643
2 years$108,334$106,316$104,361$102,465$100,626$96,939
3 years$71,505$69,479$67,528$65,650$63,841$60,253
4 years$53,094$51,074$49,143$47,297$45,532$42,071
5 years$42,051$40,043$38,137$36,329$34,613$31,289
6 years$34,691$32,698$30,821$29,053$27,388$24,204
7 years$29,436$27,460$25,612$23,886$22,274$19,232
8 years$25,496$23,538$21,721$20,037$18,478$15,577
9 years$22,434$20,494$18,708$17,067$15,561$12,799
10 years$19,985$18,065$16,310$14,712$13,259$10,634
11 years$17,983$16,082$14,359$12,804$11,403$8,912
12 years$16,316$14,434$12,744$11,231$9,882$7,521
13 years$14,907$13,044$11,386$9,915$8,617$6,383
14 years$13,699$11,857$10,230$8,801$7,554$5,443
15 years$12,654$10,831$9,236$7,849$6,651$4,659
16 years$11,740$9,938$8,374$7,028$5,878$4,001
17 years$10,935$9,152$7,620$6,315$5,212$3,446
18 years$10,220$8,457$6,956$5,691$4,634$2,974
19 years$9,581$7,838$6,368$5,142$4,131$2,572
20 years$9,007$7,283$5,844$4,657$3,689$2,228
21 years$8,487$6,784$5,376$4,227$3,302$1,933
22 years$8,016$6,333$4,954$3,843$2,959$1,679
23 years$7,587$5,923$4,575$3,500$2,657$1,460
24 years$7,193$5,549$4,231$3,192$2,388$1,270
25 years$6,832$5,208$3,918$2,915$2,149$1,107
26 years$6,499$4,895$3,634$2,666$1,935$964
27 years$6,192$4,606$3,375$2,440$1,745$841
28 years$5,906$4,341$3,137$2,235$1,575$734
29 years$5,641$4,095$2,919$2,050$1,422$641
30 years$5,394$3,867$2,719$1,881$1,285$559
31 years$5,164$3,656$2,535$1,728$1,161$489
32 years$4,948$3,459$2,365$1,588$1,051$427
33 years$4,746$3,276$2,209$1,460$951$373
34 years$4,556$3,105$2,064$1,344$861$326
35 years$4,377$2,945$1,929$1,237$780$285
36 years$4,209$2,795$1,805$1,139$706$250
37 years$4,050$2,655$1,689$1,050$640$218
38 years$3,900$2,523$1,582$967$580$191
39 years$3,758$2,399$1,482$892$526$167
40 years$3,623$2,282$1,389$823$477$146
41 years$3,495$2,173$1,303$759$433$128
42 years$3,374$2,069$1,222$701$393$112
43 years$3,258$1,971$1,147$647$357$98
44 years$3,149$1,879$1,076$597$324$86
45 years$3,044$1,792$1,011$551$294$75
46 years$2,944$1,710$949$509$267$66
47 years$2,849$1,631$892$471$242$58
48 years$2,758$1,557$838$435$220$50
49 years$2,671$1,487$788$402$200$44
50 years$2,587$1,421$740$371$182$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,650,000, adding $4,201 every year, while hoping to spend $45,631 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: 59/29/12 Blend
58$2,650,000$2,650,000$2,650,000$2,650,000
59$2,924,633$2,784,183$2,743,108$3,088,375
60$3,174,395$2,872,057$2,786,451$3,287,019
61$3,448,103$2,962,708$2,829,717$3,498,041
62$3,748,151$3,056,222$2,872,855$3,727,048
63$4,077,178$3,152,692$2,915,810$3,975,777
64$4,438,086$3,252,211$2,958,526$4,246,136
65$4,834,076$3,354,874$3,000,942$4,540,228
66$5,268,671$3,460,782$3,042,993$4,860,366
67$5,745,752$3,570,037$3,084,610$5,209,097
68$6,269,596$3,682,746$3,125,721$5,589,225
69$6,844,911$3,799,017$3,166,250$6,003,834
70$7,476,887$3,918,964$3,206,114$6,456,324
71$8,171,239$4,042,703$3,245,228$6,950,435
72$8,934,264$4,170,353$3,283,502$7,490,286
73$9,772,899$4,302,040$3,320,839$8,080,415
74$10,694,785$4,437,891$3,357,137$8,725,815
75$11,708,343$4,578,037$3,392,291$9,431,989
76$12,822,848$4,722,616$3,426,187$10,204,995
77$14,048,521$4,871,766$3,458,707$11,051,506
78$15,396,622$5,025,634$3,489,725$11,978,872
79$16,879,556$5,184,369$3,519,110$12,995,189
80$18,510,992$5,348,125$3,546,722$14,109,373
81$20,305,992$5,517,061$3,572,415$15,331,247
82$22,281,147$5,691,342$3,596,036$16,671,631
83$24,454,743$5,871,136$3,617,422$18,142,445
84$26,846,925$6,056,620$3,636,403$19,756,818
85$29,479,890$6,247,973$3,652,801$21,529,217
86$32,378,096$6,445,381$3,666,428$23,475,577
87$35,568,494$6,649,037$3,677,085$25,613,454
88$39,080,780$6,859,139$3,684,567$27,962,192
89$42,947,674$7,075,891$3,688,654$30,543,100
90$47,205,232$7,299,505$3,689,119$33,379,657
91$51,893,182$7,530,198$3,685,722$36,497,731
92$57,055,304$7,768,195$3,678,211$39,925,822
93$62,739,837$8,013,728$3,666,322$43,695,334
94$68,999,936$8,267,036$3,649,780$47,840,866
95$75,894,174$8,528,366$3,628,293$52,400,541
96$83,487,097$8,797,973$3,601,558$57,416,365
97$91,849,828$9,076,120$3,569,256$62,934,620
98$101,060,738$9,363,078$3,531,054$69,006,305
99$111,206,192$9,659,128$3,486,603$75,687,614
100$122,381,356$9,964,557$3,435,536$83,040,465