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%17.6%
1 years$220,486$218,522$216,606$214,736$212,910$206,342
2 years$109,152$107,119$105,149$103,238$101,385$94,826
3 years$72,045$70,003$68,038$66,146$64,323$57,978
4 years$53,495$51,460$49,514$47,654$45,876$39,793
5 years$42,368$40,345$38,425$36,603$34,874$29,071
6 years$34,953$32,945$31,053$29,272$27,595$22,075
7 years$29,658$27,667$25,805$24,066$22,442$17,206
8 years$25,689$23,716$21,885$20,188$18,618$13,662
9 years$22,603$20,649$18,850$17,196$15,679$10,998
10 years$20,136$18,201$16,433$14,823$13,359$8,947
11 years$18,119$16,203$14,468$12,901$11,489$7,337
12 years$16,439$14,543$12,840$11,316$9,956$6,056
13 years$15,019$13,143$11,471$9,990$8,682$5,024
14 years$13,803$11,946$10,307$8,868$7,611$4,186
15 years$12,750$10,913$9,306$7,909$6,701$3,499
16 years$11,829$10,013$8,437$7,081$5,922$2,933
17 years$11,018$9,221$7,678$6,362$5,251$2,464
18 years$10,297$8,521$7,009$5,734$4,669$2,074
19 years$9,653$7,897$6,416$5,181$4,162$1,749
20 years$9,074$7,338$5,888$4,692$3,717$1,477
21 years$8,552$6,835$5,416$4,259$3,327$1,248
22 years$8,077$6,381$4,992$3,872$2,982$1,056
23 years$7,644$5,968$4,609$3,526$2,677$894
24 years$7,248$5,591$4,263$3,216$2,406$757
25 years$6,884$5,247$3,948$2,937$2,165$642
26 years$6,548$4,931$3,662$2,686$1,950$544
27 years$6,238$4,641$3,400$2,458$1,758$462
28 years$5,951$4,373$3,161$2,252$1,586$392
29 years$5,684$4,126$2,941$2,065$1,432$333
30 years$5,435$3,896$2,740$1,896$1,294$283
31 years$5,203$3,683$2,554$1,741$1,170$240
32 years$4,985$3,485$2,383$1,600$1,059$204
33 years$4,782$3,300$2,225$1,471$958$173
34 years$4,590$3,128$2,079$1,354$867$147
35 years$4,410$2,967$1,944$1,246$786$125
36 years$4,241$2,816$1,818$1,148$712$106
37 years$4,080$2,675$1,702$1,057$645$90
38 years$3,929$2,542$1,594$975$585$77
39 years$3,786$2,417$1,493$899$530$65
40 years$3,650$2,300$1,400$829$481$56
41 years$3,522$2,189$1,312$765$436$47
42 years$3,399$2,085$1,231$706$396$40
43 years$3,283$1,986$1,155$652$359$34
44 years$3,172$1,893$1,084$602$326$29
45 years$3,067$1,806$1,018$556$296$25
46 years$2,966$1,722$956$513$269$21
47 years$2,870$1,644$898$474$244$18
48 years$2,779$1,569$844$438$222$15
49 years$2,691$1,498$794$405$201$13
50 years$2,607$1,431$746$374$183$11

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 $3,081 every year, while hoping to spend $58,265 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: 43/50/7 Blend
58$2,670,000$2,670,000$2,670,000$2,670,000
59$2,945,518$2,804,008$2,762,623$3,066,103
60$3,183,967$2,879,411$2,793,177$3,225,461
61$3,444,786$2,956,556$2,822,803$3,391,797
62$3,730,193$3,035,466$2,851,406$3,570,640
63$4,042,635$3,116,166$2,878,890$3,763,156
64$4,384,802$3,198,676$2,905,151$3,970,623
65$4,759,659$3,283,019$2,930,081$4,194,451
66$5,170,472$3,369,215$2,953,566$4,436,188
67$5,620,835$3,457,281$2,975,486$4,697,540
68$6,114,709$3,547,237$2,995,713$4,980,384
69$6,656,456$3,639,098$3,014,116$5,286,786
70$7,250,879$3,732,878$3,030,553$5,619,018
71$7,903,270$3,828,591$3,044,879$5,979,587
72$8,619,459$3,926,247$3,056,937$6,371,247
73$9,405,865$4,025,855$3,066,566$6,797,035
74$10,269,563$4,127,421$3,073,595$7,260,293
75$11,218,343$4,230,949$3,077,846$7,764,703
76$12,260,789$4,336,441$3,079,128$8,314,320
77$13,406,357$4,443,894$3,077,247$8,913,608
78$14,665,464$4,553,304$3,071,994$9,567,488
79$16,049,588$4,664,662$3,063,152$10,281,378
80$17,571,372$4,777,956$3,050,494$11,061,247
81$19,244,747$4,893,171$3,033,780$11,913,670
82$21,085,061$5,010,286$3,012,761$12,845,892
83$23,109,223$5,129,276$2,987,175$13,865,894
84$25,335,865$5,250,112$2,956,746$14,982,469
85$27,785,513$5,372,757$2,921,187$16,205,305
86$30,480,785$5,497,172$2,880,197$17,545,077
87$33,446,602$5,623,310$2,833,459$19,013,546
88$36,710,420$5,751,116$2,780,645$20,623,671
89$40,302,493$5,880,532$2,721,407$22,389,733
90$44,256,158$6,011,489$2,655,385$24,327,467
91$48,608,145$6,143,911$2,582,200$26,454,210
92$53,398,928$6,277,714$2,501,455$28,789,070
93$58,673,102$6,412,806$2,412,737$31,353,100
94$64,479,808$6,549,082$2,315,613$34,169,500
95$70,873,192$6,686,431$2,209,630$37,263,838
96$77,912,919$6,824,728$2,094,314$40,664,286
97$85,664,734$6,963,837$1,969,171$44,401,892
98$94,201,083$7,103,610$1,833,684$48,510,870
99$103,601,793$7,243,887$1,687,312$53,028,925
100$113,954,829$7,384,491$1,529,491$57,997,607