Can I retire at age 59 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$219,660$217,704$215,795$213,932$212,112$209,029
2 years$108,743$106,717$104,755$102,852$101,006$97,906
3 years$71,775$69,741$67,783$65,898$64,082$61,062
4 years$53,295$51,267$49,329$47,476$45,704$42,787
5 years$42,210$40,194$38,281$36,466$34,743$31,938
6 years$34,822$32,821$30,937$29,162$27,491$24,800
7 years$29,547$27,563$25,709$23,976$22,358$19,783
8 years$25,593$23,627$21,803$20,113$18,548$16,088
9 years$22,519$20,571$18,779$17,132$15,620$13,274
10 years$20,061$18,133$16,372$14,768$13,309$11,076
11 years$18,051$16,143$14,414$12,852$11,446$9,323
12 years$16,378$14,489$12,792$11,273$9,919$7,904
13 years$14,963$13,094$11,429$9,952$8,650$6,739
14 years$13,751$11,902$10,269$8,835$7,582$5,774
15 years$12,702$10,872$9,271$7,879$6,676$4,966
16 years$11,785$9,975$8,406$7,055$5,900$4,286
17 years$10,976$9,187$7,649$6,339$5,232$3,709
18 years$10,259$8,489$6,982$5,712$4,652$3,217
19 years$9,617$7,868$6,392$5,162$4,146$2,797
20 years$9,040$7,311$5,866$4,675$3,703$2,435
21 years$8,519$6,810$5,396$4,243$3,314$2,124
22 years$8,046$6,357$4,973$3,858$2,971$1,855
23 years$7,615$5,945$4,592$3,513$2,667$1,621
24 years$7,220$5,570$4,247$3,204$2,397$1,419
25 years$6,858$5,227$3,933$2,926$2,157$1,243
26 years$6,524$4,913$3,648$2,676$1,943$1,089
27 years$6,215$4,624$3,387$2,449$1,752$955
28 years$5,929$4,357$3,149$2,244$1,580$838
29 years$5,662$4,110$2,930$2,058$1,427$736
30 years$5,415$3,882$2,730$1,888$1,289$646
31 years$5,183$3,669$2,545$1,734$1,166$568
32 years$4,967$3,472$2,374$1,594$1,055$499
33 years$4,764$3,288$2,217$1,466$954$439
34 years$4,573$3,116$2,071$1,349$864$386
35 years$4,394$2,956$1,937$1,242$783$340
36 years$4,225$2,806$1,812$1,143$709$299
37 years$4,065$2,665$1,696$1,053$643$263
38 years$3,914$2,532$1,588$971$583$231
39 years$3,772$2,408$1,488$895$528$204
40 years$3,637$2,291$1,394$826$479$179
41 years$3,508$2,181$1,307$762$435$158
42 years$3,387$2,077$1,226$703$395$139
43 years$3,271$1,979$1,151$649$358$122
44 years$3,160$1,886$1,080$599$325$108
45 years$3,055$1,799$1,014$554$295$95
46 years$2,955$1,716$953$511$268$84
47 years$2,860$1,638$895$472$243$74
48 years$2,768$1,563$841$436$221$65
49 years$2,681$1,493$791$403$201$57
50 years$2,597$1,426$743$373$182$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,660,000, adding $3,564 every year, while hoping to spend $56,876 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: 68/9/23 Blend
58$2,660,000$2,660,000$2,660,000$2,660,000
59$2,934,996$2,794,016$2,752,786$3,117,203
60$3,173,850$2,870,407$2,784,489$3,316,169
61$3,435,161$2,948,636$2,815,347$3,526,861
62$3,721,159$3,028,731$2,845,273$3,756,012
63$4,034,301$3,110,722$2,874,174$4,005,444
64$4,377,292$3,194,639$2,901,950$4,277,163
65$4,753,109$3,280,510$2,928,499$4,573,379
66$5,165,033$3,368,362$2,953,711$4,896,527
67$5,616,678$3,458,223$2,977,472$5,249,291
68$6,112,022$3,550,119$2,999,660$5,634,625
69$6,655,448$3,644,075$3,020,149$6,055,786
70$7,251,784$3,740,114$3,038,803$6,516,363
71$7,906,346$3,838,260$3,055,484$7,020,309
72$8,624,993$3,938,534$3,070,042$7,571,980
73$9,414,176$4,040,956$3,082,322$8,176,176
74$10,281,002$4,145,544$3,092,160$8,838,186
75$11,233,303$4,252,313$3,099,385$9,563,839
76$12,279,702$4,361,279$3,103,817$10,359,557
77$13,429,703$4,472,453$3,105,267$11,232,418
78$14,693,775$4,585,845$3,103,535$12,190,219
79$16,083,450$4,701,462$3,098,414$13,241,556
80$17,611,436$4,819,308$3,089,685$14,395,899
81$19,291,733$4,939,384$3,077,119$15,663,683
82$21,139,763$5,061,687$3,060,476$17,056,412
83$23,172,520$5,186,212$3,039,504$18,586,758
84$25,408,729$5,312,948$3,013,939$20,268,688
85$27,869,019$5,441,882$2,983,505$22,117,596
86$30,576,119$5,572,994$2,947,913$24,150,443
87$33,555,073$5,706,261$2,906,858$26,385,924
88$36,833,477$5,841,654$2,860,025$28,844,637
89$40,441,736$5,979,139$2,807,079$31,549,286
90$44,413,351$6,118,675$2,747,674$34,524,890
91$48,785,237$6,260,214$2,681,446$37,799,021
92$53,598,070$6,403,704$2,608,013$41,402,063
93$58,896,669$6,549,081$2,526,978$45,367,503
94$64,730,421$6,696,278$2,437,923$49,732,243
95$71,153,743$6,845,215$2,340,413$54,536,952
96$78,226,600$6,995,806$2,233,992$59,826,449
97$86,015,067$7,147,953$2,118,184$65,650,125
98$94,591,952$7,301,551$1,992,491$72,062,412
99$104,037,485$7,456,481$1,856,393$79,123,297
100$114,440,072$7,612,612$1,709,346$86,898,887