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%18.5%
1 years$219,660$217,704$215,795$213,932$212,112$204,831
2 years$108,743$106,717$104,755$102,852$101,006$93,744
3 years$71,775$69,741$67,783$65,898$64,082$57,068
4 years$53,295$51,267$49,329$47,476$45,704$38,991
5 years$42,210$40,194$38,281$36,466$34,743$28,350
6 years$34,822$32,821$30,937$29,162$27,491$21,422
7 years$29,547$27,563$25,709$23,976$22,358$16,612
8 years$25,593$23,627$21,803$20,113$18,548$13,120
9 years$22,519$20,571$18,779$17,132$15,620$10,504
10 years$20,061$18,133$16,372$14,768$13,309$8,497
11 years$18,051$16,143$14,414$12,852$11,446$6,928
12 years$16,378$14,489$12,792$11,273$9,919$5,684
13 years$14,963$13,094$11,429$9,952$8,650$4,687
14 years$13,751$11,902$10,269$8,835$7,582$3,880
15 years$12,702$10,872$9,271$7,879$6,676$3,223
16 years$11,785$9,975$8,406$7,055$5,900$2,684
17 years$10,976$9,187$7,649$6,339$5,232$2,240
18 years$10,259$8,489$6,982$5,712$4,652$1,873
19 years$9,617$7,868$6,392$5,162$4,146$1,569
20 years$9,040$7,311$5,866$4,675$3,703$1,315
21 years$8,519$6,810$5,396$4,243$3,314$1,104
22 years$8,046$6,357$4,973$3,858$2,971$927
23 years$7,615$5,945$4,592$3,513$2,667$780
24 years$7,220$5,570$4,247$3,204$2,397$656
25 years$6,858$5,227$3,933$2,926$2,157$552
26 years$6,524$4,913$3,648$2,676$1,943$465
27 years$6,215$4,624$3,387$2,449$1,752$391
28 years$5,929$4,357$3,149$2,244$1,580$330
29 years$5,662$4,110$2,930$2,058$1,427$278
30 years$5,415$3,882$2,730$1,888$1,289$234
31 years$5,183$3,669$2,545$1,734$1,166$197
32 years$4,967$3,472$2,374$1,594$1,055$167
33 years$4,764$3,288$2,217$1,466$954$140
34 years$4,573$3,116$2,071$1,349$864$118
35 years$4,394$2,956$1,937$1,242$783$100
36 years$4,225$2,806$1,812$1,143$709$84
37 years$4,065$2,665$1,696$1,053$643$71
38 years$3,914$2,532$1,588$971$583$60
39 years$3,772$2,408$1,488$895$528$51
40 years$3,637$2,291$1,394$826$479$43
41 years$3,508$2,181$1,307$762$435$36
42 years$3,387$2,077$1,226$703$395$30
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$18
46 years$2,955$1,716$953$511$268$15
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$9
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 $5,572 every year, while hoping to spend $59,822 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: 62/30/8 Blend
58$2,660,000$2,660,000$2,660,000$2,660,000
59$2,937,068$2,796,088$2,754,858$3,113,959
60$3,172,998$2,869,446$2,783,495$3,306,205
61$3,430,989$2,944,393$2,811,087$3,508,503
62$3,713,227$3,020,945$2,837,535$3,727,784
63$4,022,119$3,099,115$2,862,736$3,965,687
64$4,360,318$3,178,915$2,886,581$4,224,020
65$4,730,744$3,260,355$2,908,954$4,504,772
66$5,136,612$3,343,444$2,929,736$4,810,132
67$5,581,463$3,428,190$2,948,799$5,142,512
68$6,069,198$3,514,597$2,966,010$5,504,569
69$6,604,112$3,602,668$2,981,227$5,899,225
70$7,190,937$3,692,404$2,994,304$6,329,702
71$7,834,884$3,783,804$3,005,085$6,799,548
72$8,541,694$3,876,862$3,013,406$7,312,669
73$9,317,689$3,971,570$3,019,098$7,873,370
74$10,169,835$4,067,919$3,021,980$8,486,391
75$11,105,805$4,165,894$3,021,863$9,156,956
76$12,134,051$4,265,477$3,018,549$9,890,817
77$13,263,886$4,366,646$3,011,831$10,694,313
78$14,505,566$4,469,375$3,001,492$11,574,426
79$15,870,394$4,573,635$2,987,302$12,538,851
80$17,370,819$4,679,389$2,969,022$13,596,063
81$19,020,561$4,786,596$2,946,402$14,755,400
82$20,834,730$4,895,211$2,919,178$16,027,154
83$22,829,977$5,005,182$2,887,076$17,422,660
84$25,024,649$5,116,449$2,849,806$18,954,412
85$27,438,956$5,228,948$2,807,068$20,636,173
86$30,095,169$5,342,606$2,758,544$22,483,111
87$33,017,825$5,457,343$2,703,904$24,511,938
88$36,233,959$5,573,069$2,642,801$26,741,071
89$39,773,362$5,689,688$2,574,874$29,190,801
90$43,668,855$5,807,093$2,499,742$31,883,490
91$47,956,604$5,925,167$2,417,010$34,843,780
92$52,676,460$6,043,783$2,326,262$38,098,822
93$57,872,333$6,162,801$2,227,065$41,678,540
94$63,592,604$6,282,072$2,118,966$45,615,905
95$69,890,588$6,401,432$2,001,490$49,947,253
96$76,825,031$6,520,704$1,874,142$54,712,626
97$84,460,662$6,639,697$1,736,404$59,956,147
98$92,868,812$6,758,205$1,587,735$65,726,443
99$102,128,077$6,876,003$1,427,571$72,077,098
100$112,325,067$6,992,854$1,255,321$79,067,162