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%15.7%
1 years$218,835$216,885$214,983$213,127$211,315$206,374
2 years$108,334$106,316$104,361$102,465$100,626$95,676
3 years$71,505$69,479$67,528$65,650$63,841$59,037
4 years$53,094$51,074$49,143$47,297$45,532$40,911
5 years$42,051$40,043$38,137$36,329$34,613$30,187
6 years$34,691$32,698$30,821$29,053$27,388$23,163
7 years$29,436$27,460$25,612$23,886$22,274$18,249
8 years$25,496$23,538$21,721$20,037$18,478$14,653
9 years$22,434$20,494$18,708$17,067$15,561$11,932
10 years$19,985$18,065$16,310$14,712$13,259$9,822
11 years$17,983$16,082$14,359$12,804$11,403$8,154
12 years$16,316$14,434$12,744$11,231$9,882$6,815
13 years$14,907$13,044$11,386$9,915$8,617$5,727
14 years$13,699$11,857$10,230$8,801$7,554$4,834
15 years$12,654$10,831$9,236$7,849$6,651$4,095
16 years$11,740$9,938$8,374$7,028$5,878$3,480
17 years$10,935$9,152$7,620$6,315$5,212$2,964
18 years$10,220$8,457$6,956$5,691$4,634$2,531
19 years$9,581$7,838$6,368$5,142$4,131$2,164
20 years$9,007$7,283$5,844$4,657$3,689$1,854
21 years$8,487$6,784$5,376$4,227$3,302$1,590
22 years$8,016$6,333$4,954$3,843$2,959$1,365
23 years$7,587$5,923$4,575$3,500$2,657$1,173
24 years$7,193$5,549$4,231$3,192$2,388$1,009
25 years$6,832$5,208$3,918$2,915$2,149$868
26 years$6,499$4,895$3,634$2,666$1,935$748
27 years$6,192$4,606$3,375$2,440$1,745$644
28 years$5,906$4,341$3,137$2,235$1,575$555
29 years$5,641$4,095$2,919$2,050$1,422$479
30 years$5,394$3,867$2,719$1,881$1,285$413
31 years$5,164$3,656$2,535$1,728$1,161$356
32 years$4,948$3,459$2,365$1,588$1,051$308
33 years$4,746$3,276$2,209$1,460$951$266
34 years$4,556$3,105$2,064$1,344$861$229
35 years$4,377$2,945$1,929$1,237$780$198
36 years$4,209$2,795$1,805$1,139$706$171
37 years$4,050$2,655$1,689$1,050$640$148
38 years$3,900$2,523$1,582$967$580$128
39 years$3,758$2,399$1,482$892$526$110
40 years$3,623$2,282$1,389$823$477$95
41 years$3,495$2,173$1,303$759$433$82
42 years$3,374$2,069$1,222$701$393$71
43 years$3,258$1,971$1,147$647$357$61
44 years$3,149$1,879$1,076$597$324$53
45 years$3,044$1,792$1,011$551$294$46
46 years$2,944$1,710$949$509$267$40
47 years$2,849$1,631$892$471$242$34
48 years$2,758$1,557$838$435$220$30
49 years$2,671$1,487$788$402$200$26
50 years$2,587$1,421$740$371$182$22

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 $2,412 every year, while hoping to spend $31,583 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$2,922,788$2,782,338$2,741,263$3,087,093
60$3,187,308$2,885,068$2,799,491$3,301,480
61$3,477,751$2,991,774$2,858,612$3,531,961
62$3,796,727$3,102,617$2,918,621$3,783,139
63$4,147,113$3,217,764$2,979,514$4,057,053
64$4,532,076$3,337,392$3,041,285$4,355,949
65$4,955,107$3,461,684$3,103,927$4,682,300
66$5,420,051$3,590,829$3,167,432$5,038,829
67$5,931,144$3,725,028$3,231,789$5,428,536
68$6,493,053$3,864,487$3,296,987$5,854,724
69$7,110,921$4,009,423$3,363,012$6,321,032
70$7,790,412$4,160,062$3,429,850$6,831,466
71$8,537,768$4,316,638$3,497,483$7,390,443
72$9,359,865$4,479,398$3,565,894$8,002,823
73$10,264,280$4,648,598$3,635,060$8,673,964
74$11,259,361$4,824,504$3,704,959$9,409,765
75$12,354,306$5,007,395$3,775,566$10,216,728
76$13,559,250$5,197,562$3,846,852$11,102,013
77$14,885,360$5,395,309$3,918,788$12,073,509
78$16,344,940$5,600,952$3,991,340$13,139,907
79$17,951,547$5,814,822$4,064,473$14,310,784
80$19,720,120$6,037,263$4,138,148$15,596,688
81$21,667,118$6,268,636$4,212,323$17,009,242
82$23,810,681$6,509,315$4,286,952$18,561,254
83$26,170,792$6,759,694$4,361,987$20,266,832
84$28,769,475$7,020,181$4,437,375$22,141,523
85$31,630,995$7,291,203$4,513,061$24,202,456
86$34,782,092$7,573,207$4,588,984$26,468,504
87$38,252,229$7,866,659$4,665,079$28,960,464
88$42,073,876$8,172,044$4,741,278$31,701,249
89$46,282,807$8,489,870$4,817,507$34,716,107
90$50,918,448$8,820,668$4,893,688$38,032,859
91$56,024,240$9,164,991$4,969,737$41,682,159
92$61,648,054$9,523,418$5,045,565$45,697,786
93$67,842,642$9,896,551$5,121,077$50,116,960
94$74,666,132$10,285,023$5,196,174$54,980,694
95$82,182,579$10,689,490$5,270,747$60,334,184
96$90,462,570$11,110,643$5,344,685$66,227,227
97$99,583,886$11,549,199$5,417,867$72,714,699
98$109,632,243$12,005,910$5,490,165$79,857,071
99$120,702,092$12,481,560$5,561,446$87,720,975
100$132,897,517$12,976,968$5,631,566$96,379,837