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

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$219,660$217,704$215,795$213,932$212,112$204,912
2 years$108,743$106,717$104,755$102,852$101,006$93,824
3 years$71,775$69,741$67,783$65,898$64,082$57,145
4 years$53,295$51,267$49,329$47,476$45,704$39,063
5 years$42,210$40,194$38,281$36,466$34,743$28,417
6 years$34,822$32,821$30,937$29,162$27,491$21,485
7 years$29,547$27,563$25,709$23,976$22,358$16,670
8 years$25,593$23,627$21,803$20,113$18,548$13,174
9 years$22,519$20,571$18,779$17,132$15,620$10,554
10 years$20,061$18,133$16,372$14,768$13,309$8,542
11 years$18,051$16,143$14,414$12,852$11,446$6,969
12 years$16,378$14,489$12,792$11,273$9,919$5,722
13 years$14,963$13,094$11,429$9,952$8,650$4,721
14 years$13,751$11,902$10,269$8,835$7,582$3,911
15 years$12,702$10,872$9,271$7,879$6,676$3,251
16 years$11,785$9,975$8,406$7,055$5,900$2,710
17 years$10,976$9,187$7,649$6,339$5,232$2,263
18 years$10,259$8,489$6,982$5,712$4,652$1,894
19 years$9,617$7,868$6,392$5,162$4,146$1,587
20 years$9,040$7,311$5,866$4,675$3,703$1,332
21 years$8,519$6,810$5,396$4,243$3,314$1,119
22 years$8,046$6,357$4,973$3,858$2,971$940
23 years$7,615$5,945$4,592$3,513$2,667$791
24 years$7,220$5,570$4,247$3,204$2,397$666
25 years$6,858$5,227$3,933$2,926$2,157$561
26 years$6,524$4,913$3,648$2,676$1,943$473
27 years$6,215$4,624$3,387$2,449$1,752$399
28 years$5,929$4,357$3,149$2,244$1,580$336
29 years$5,662$4,110$2,930$2,058$1,427$283
30 years$5,415$3,882$2,730$1,888$1,289$239
31 years$5,183$3,669$2,545$1,734$1,166$202
32 years$4,967$3,472$2,374$1,594$1,055$170
33 years$4,764$3,288$2,217$1,466$954$144
34 years$4,573$3,116$2,071$1,349$864$121
35 years$4,394$2,956$1,937$1,242$783$102
36 years$4,225$2,806$1,812$1,143$709$86
37 years$4,065$2,665$1,696$1,053$643$73
38 years$3,914$2,532$1,588$971$583$62
39 years$3,772$2,408$1,488$895$528$52
40 years$3,637$2,291$1,394$826$479$44
41 years$3,508$2,181$1,307$762$435$37
42 years$3,387$2,077$1,226$703$395$31
43 years$3,271$1,979$1,151$649$358$26
44 years$3,160$1,886$1,080$599$325$22
45 years$3,055$1,799$1,014$554$295$19
46 years$2,955$1,716$953$511$268$16
47 years$2,860$1,638$895$472$243$13
48 years$2,768$1,563$841$436$221$11
49 years$2,681$1,493$791$403$201$10
50 years$2,597$1,426$743$373$182$8

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 $5,784 every year, while hoping to spend $33,227 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: 66/13/21 Blend
58$2,660,000$2,660,000$2,660,000$2,660,000
59$2,937,286$2,796,306$2,755,076$3,115,146
60$3,201,536$2,897,972$2,812,018$3,336,898
61$3,491,626$3,003,506$2,869,754$3,574,898
62$3,810,156$3,113,062$2,928,275$3,834,306
63$4,159,992$3,226,801$2,987,572$4,117,224
64$4,544,288$3,344,892$3,047,632$4,425,968
65$4,966,522$3,467,508$3,108,445$4,763,089
66$5,430,523$3,594,832$3,169,994$5,131,393
67$5,940,511$3,727,054$3,232,263$5,533,971
68$6,501,135$3,864,371$3,295,235$5,974,228
69$7,117,514$4,006,989$3,358,889$6,455,913
70$7,795,293$4,155,123$3,423,204$6,983,153
71$8,540,685$4,308,997$3,488,154$7,560,495
72$9,360,542$4,468,844$3,553,714$8,192,947
73$10,262,408$4,634,909$3,619,855$8,886,024
74$11,254,598$4,807,444$3,686,544$9,645,800
75$12,346,273$4,986,714$3,753,749$10,478,968
76$13,547,524$5,172,994$3,821,431$11,392,899
77$14,869,475$5,366,574$3,889,552$12,395,710
78$16,324,377$5,567,752$3,958,068$13,496,347
79$17,925,733$5,776,842$4,026,933$14,704,662
80$19,688,421$5,994,169$4,096,098$16,031,510
81$21,628,831$6,220,075$4,165,509$17,488,848
82$23,765,028$6,454,915$4,235,109$19,089,850
83$26,116,913$6,699,058$4,304,837$20,849,028
84$28,706,418$6,952,892$4,374,629$22,782,373
85$31,557,708$7,216,819$4,444,415$24,907,500
86$34,697,411$7,491,260$4,514,120$27,243,818
87$38,154,870$7,776,655$4,583,666$29,812,712
88$41,962,418$8,073,462$4,652,969$32,637,742
89$46,155,681$8,382,158$4,721,940$35,744,866
90$50,773,919$8,703,242$4,790,484$39,162,687
91$55,860,394$9,037,237$4,858,501$42,922,719
92$61,462,777$9,384,684$4,925,883$47,059,685
93$67,633,599$9,746,152$4,992,519$51,611,845
94$74,430,745$10,122,233$5,058,287$56,621,356
95$81,918,004$10,513,545$5,123,063$62,134,669
96$90,165,665$10,920,734$5,186,711$68,202,966
97$99,251,187$11,344,474$5,249,090$74,882,646
98$109,259,924$11,785,469$5,310,050$82,235,853
99$120,285,933$12,244,453$5,369,433$90,331,062
100$132,432,863$12,722,196$5,427,074$99,243,728