Can I retire at age 59 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$220,486$218,522$216,606$214,736$212,910$206,591
2 years$109,152$107,119$105,149$103,238$101,385$95,072
3 years$72,045$70,003$68,038$66,146$64,323$58,212
4 years$53,495$51,460$49,514$47,654$45,876$40,015
5 years$42,368$40,345$38,425$36,603$34,874$29,278
6 years$34,953$32,945$31,053$29,272$27,595$22,270
7 years$29,658$27,667$25,805$24,066$22,442$17,387
8 years$25,689$23,716$21,885$20,188$18,618$13,831
9 years$22,603$20,649$18,850$17,196$15,679$11,154
10 years$20,136$18,201$16,433$14,823$13,359$9,091
11 years$18,119$16,203$14,468$12,901$11,489$7,470
12 years$16,439$14,543$12,840$11,316$9,956$6,178
13 years$15,019$13,143$11,471$9,990$8,682$5,136
14 years$13,803$11,946$10,307$8,868$7,611$4,287
15 years$12,750$10,913$9,306$7,909$6,701$3,591
16 years$11,829$10,013$8,437$7,081$5,922$3,017
17 years$11,018$9,221$7,678$6,362$5,251$2,540
18 years$10,297$8,521$7,009$5,734$4,669$2,143
19 years$9,653$7,897$6,416$5,181$4,162$1,811
20 years$9,074$7,338$5,888$4,692$3,717$1,533
21 years$8,552$6,835$5,416$4,259$3,327$1,298
22 years$8,077$6,381$4,992$3,872$2,982$1,101
23 years$7,644$5,968$4,609$3,526$2,677$934
24 years$7,248$5,591$4,263$3,216$2,406$793
25 years$6,884$5,247$3,948$2,937$2,165$674
26 years$6,548$4,931$3,662$2,686$1,950$573
27 years$6,238$4,641$3,400$2,458$1,758$488
28 years$5,951$4,373$3,161$2,252$1,586$415
29 years$5,684$4,126$2,941$2,065$1,432$353
30 years$5,435$3,896$2,740$1,896$1,294$301
31 years$5,203$3,683$2,554$1,741$1,170$256
32 years$4,985$3,485$2,383$1,600$1,059$218
33 years$4,782$3,300$2,225$1,471$958$186
34 years$4,590$3,128$2,079$1,354$867$158
35 years$4,410$2,967$1,944$1,246$786$135
36 years$4,241$2,816$1,818$1,148$712$115
37 years$4,080$2,675$1,702$1,057$645$98
38 years$3,929$2,542$1,594$975$585$83
39 years$3,786$2,417$1,493$899$530$71
40 years$3,650$2,300$1,400$829$481$61
41 years$3,522$2,189$1,312$765$436$52
42 years$3,399$2,085$1,231$706$396$44
43 years$3,283$1,986$1,155$652$359$37
44 years$3,172$1,893$1,084$602$326$32
45 years$3,067$1,806$1,018$556$296$27
46 years$2,966$1,722$956$513$269$23
47 years$2,870$1,644$898$474$244$20
48 years$2,779$1,569$844$438$222$17
49 years$2,691$1,498$794$405$201$14
50 years$2,607$1,431$746$374$183$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,670,000, adding $4,010 every year, while hoping to spend $21,282 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: 46/48/6 Blend
58$2,670,000$2,670,000$2,670,000$2,670,000
59$2,946,476$2,804,966$2,763,581$3,077,054
60$3,224,373$2,919,766$2,833,517$3,282,007
61$3,529,902$3,039,477$2,905,083$3,501,652
62$3,865,859$3,164,319$2,978,310$3,739,409
63$4,235,325$3,294,518$3,053,232$3,996,958
64$4,641,693$3,430,315$3,129,881$4,276,141
65$5,088,704$3,571,958$3,208,289$4,578,980
66$5,580,476$3,719,709$3,288,492$4,907,699
67$6,121,551$3,873,841$3,370,522$5,264,737
68$6,716,928$4,034,638$3,454,414$5,652,777
69$7,372,121$4,202,401$3,540,202$6,074,765
70$8,093,199$4,377,441$3,627,922$6,533,938
71$8,886,855$4,560,086$3,717,607$7,033,855
72$9,760,461$4,750,676$3,809,293$7,578,428
73$10,722,140$4,949,571$3,903,016$8,171,956
74$11,780,842$5,157,144$3,998,811$8,819,168
75$12,946,431$5,373,787$4,096,714$9,525,264
76$14,229,774$5,599,910$4,196,762$10,295,960
77$15,642,847$5,835,941$4,298,989$11,137,545
78$17,198,844$6,082,329$4,403,432$12,056,937
79$18,912,307$6,339,544$4,510,128$13,061,744
80$20,799,257$6,608,077$4,619,112$14,160,340
81$22,877,350$6,888,441$4,730,421$15,361,934
82$25,166,040$7,181,175$4,844,090$16,676,662
83$27,686,765$7,486,842$4,960,156$18,115,677
84$30,463,149$7,806,031$5,078,655$19,691,253
85$33,521,222$8,139,358$5,199,622$21,416,898
86$36,889,670$8,487,470$5,323,093$23,307,482
87$40,600,102$8,851,042$5,449,102$25,379,369
88$44,687,351$9,230,781$5,577,685$27,650,576
89$49,189,798$9,627,427$5,708,875$30,140,935
90$54,149,743$10,041,756$5,842,707$32,872,278
91$59,613,792$10,474,578$5,979,214$35,868,645
92$65,633,310$10,926,743$6,118,428$39,156,500
93$72,264,894$11,399,139$6,260,382$42,764,986
94$79,570,914$11,892,698$6,405,106$46,726,189
95$87,620,101$12,408,394$6,552,631$51,075,442
96$96,488,193$12,947,248$6,702,986$55,851,656
97$106,258,652$13,510,326$6,856,199$61,097,677
98$117,023,451$14,098,748$7,012,298$66,860,693
99$128,883,941$14,713,685$7,171,309$73,192,674
100$141,951,811$15,356,363$7,333,255$80,150,856