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

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$218,835$216,885$214,983$213,127$211,315$210,071
2 years$108,334$106,316$104,361$102,465$100,626$99,371
3 years$71,505$69,479$67,528$65,650$63,841$62,614
4 years$53,094$51,074$49,143$47,297$45,532$44,342
5 years$42,051$40,043$38,137$36,329$34,613$33,464
6 years$34,691$32,698$30,821$29,053$27,388$26,281
7 years$29,436$27,460$25,612$23,886$22,274$21,210
8 years$25,496$23,538$21,721$20,037$18,478$17,457
9 years$22,434$20,494$18,708$17,067$15,561$14,583
10 years$19,985$18,065$16,310$14,712$13,259$12,323
11 years$17,983$16,082$14,359$12,804$11,403$10,508
12 years$16,316$14,434$12,744$11,231$9,882$9,028
13 years$14,907$13,044$11,386$9,915$8,617$7,803
14 years$13,699$11,857$10,230$8,801$7,554$6,778
15 years$12,654$10,831$9,236$7,849$6,651$5,913
16 years$11,740$9,938$8,374$7,028$5,878$5,177
17 years$10,935$9,152$7,620$6,315$5,212$4,547
18 years$10,220$8,457$6,956$5,691$4,634$4,004
19 years$9,581$7,838$6,368$5,142$4,131$3,534
20 years$9,007$7,283$5,844$4,657$3,689$3,125
21 years$8,487$6,784$5,376$4,227$3,302$2,768
22 years$8,016$6,333$4,954$3,843$2,959$2,456
23 years$7,587$5,923$4,575$3,500$2,657$2,182
24 years$7,193$5,549$4,231$3,192$2,388$1,940
25 years$6,832$5,208$3,918$2,915$2,149$1,727
26 years$6,499$4,895$3,634$2,666$1,935$1,539
27 years$6,192$4,606$3,375$2,440$1,745$1,373
28 years$5,906$4,341$3,137$2,235$1,575$1,225
29 years$5,641$4,095$2,919$2,050$1,422$1,094
30 years$5,394$3,867$2,719$1,881$1,285$977
31 years$5,164$3,656$2,535$1,728$1,161$874
32 years$4,948$3,459$2,365$1,588$1,051$781
33 years$4,746$3,276$2,209$1,460$951$699
34 years$4,556$3,105$2,064$1,344$861$626
35 years$4,377$2,945$1,929$1,237$780$560
36 years$4,209$2,795$1,805$1,139$706$502
37 years$4,050$2,655$1,689$1,050$640$449
38 years$3,900$2,523$1,582$967$580$403
39 years$3,758$2,399$1,482$892$526$361
40 years$3,623$2,282$1,389$823$477$323
41 years$3,495$2,173$1,303$759$433$290
42 years$3,374$2,069$1,222$701$393$260
43 years$3,258$1,971$1,147$647$357$233
44 years$3,149$1,879$1,076$597$324$209
45 years$3,044$1,792$1,011$551$294$187
46 years$2,944$1,710$949$509$267$168
47 years$2,849$1,631$892$471$242$151
48 years$2,758$1,557$838$435$220$135
49 years$2,671$1,487$788$402$200$121
50 years$2,587$1,421$740$371$182$109

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 $5,726 every year, while hoping to spend $53,027 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: 64/7/29 Blend
58$2,650,000$2,650,000$2,650,000$2,650,000
59$2,926,206$2,785,756$2,744,681$3,090,512
60$3,168,259$2,865,838$2,780,208$3,282,643
61$3,433,224$2,948,067$2,815,147$3,486,167
62$3,723,382$3,032,491$2,849,424$3,707,426
63$4,041,245$3,119,161$2,882,958$3,948,171
64$4,389,580$3,208,128$2,915,665$4,210,333
65$4,771,433$3,299,442$2,947,455$4,496,038
66$5,190,159$3,393,155$2,978,235$4,807,627
67$5,649,455$3,489,319$3,007,906$5,147,681
68$6,153,391$3,587,988$3,036,362$5,519,044
69$6,706,451$3,689,213$3,063,494$5,924,849
70$7,313,573$3,793,048$3,089,185$6,368,549
71$7,980,199$3,899,549$3,113,314$6,853,949
72$8,712,320$4,008,768$3,135,751$7,385,240
73$9,516,539$4,120,760$3,156,361$7,967,043
74$10,400,129$4,235,579$3,175,002$8,604,448
75$11,371,101$4,353,282$3,191,524$9,303,065
76$12,438,282$4,473,922$3,205,769$10,069,077
77$13,611,397$4,597,554$3,217,572$10,909,296
78$14,901,158$4,724,233$3,226,760$11,831,231
79$16,319,370$4,854,014$3,233,149$12,843,155
80$17,879,035$4,986,949$3,236,549$13,954,187
81$19,594,481$5,123,095$3,236,758$15,174,376
82$21,481,493$5,262,502$3,233,565$16,514,795
83$23,557,465$5,405,224$3,226,749$17,987,650
84$25,841,559$5,551,313$3,216,078$19,606,389
85$28,354,890$5,700,818$3,201,308$21,385,835
86$31,120,721$5,853,791$3,182,184$23,342,325
87$34,164,686$6,010,279$3,158,439$25,493,859
88$37,515,030$6,170,328$3,129,793$27,860,278
89$41,202,874$6,333,985$3,095,951$30,463,447
90$45,262,509$6,501,292$3,056,607$33,327,463
91$49,731,721$6,672,291$3,011,439$36,478,880
92$54,652,143$6,847,020$2,960,110$39,946,967
93$60,069,655$7,025,517$2,902,266$43,763,976
94$66,034,806$7,207,814$2,837,539$47,965,452
95$72,603,302$7,393,942$2,765,542$52,590,569
96$79,836,522$7,583,929$2,685,870$57,682,499
97$87,802,102$7,777,796$2,598,102$63,288,820
98$96,574,572$7,975,564$2,501,795$69,461,964
99$106,236,060$8,177,248$2,396,486$76,259,718
100$116,877,061$8,382,857$2,281,692$83,745,763