Can I retire at age 59 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$221,312$219,341$217,417$215,540$213,707$207,866
2 years$109,560$107,520$105,542$103,625$101,765$95,924
3 years$72,315$70,265$68,293$66,394$64,564$58,904
4 years$53,696$51,653$49,700$47,833$46,048$40,613
5 years$42,527$40,496$38,569$36,740$35,005$29,810
6 years$35,084$33,068$31,170$29,381$27,698$22,749
7 years$29,769$27,771$25,902$24,156$22,526$17,822
8 years$25,785$23,805$21,967$20,264$18,687$14,227
9 years$22,688$20,726$18,920$17,260$15,737$11,515
10 years$20,212$18,269$16,495$14,879$13,409$9,420
11 years$18,187$16,264$14,522$12,949$11,532$7,770
12 years$16,501$14,598$12,888$11,358$9,994$6,452
13 years$15,075$13,192$11,514$10,027$8,715$5,385
14 years$13,855$11,991$10,346$8,901$7,639$4,514
15 years$12,797$10,954$9,341$7,938$6,726$3,798
16 years$11,873$10,050$8,469$7,108$5,945$3,204
17 years$11,059$9,256$7,706$6,386$5,271$2,710
18 years$10,336$8,553$7,035$5,755$4,687$2,296
19 years$9,689$7,927$6,440$5,200$4,177$1,949
20 years$9,108$7,366$5,910$4,710$3,731$1,657
21 years$8,584$6,861$5,436$4,275$3,339$1,410
22 years$8,107$6,404$5,011$3,887$2,993$1,201
23 years$7,672$5,990$4,626$3,540$2,687$1,024
24 years$7,275$5,612$4,279$3,228$2,415$874
25 years$6,909$5,267$3,963$2,948$2,173$746
26 years$6,573$4,950$3,675$2,696$1,957$638
27 years$6,262$4,658$3,413$2,468$1,765$545
28 years$5,973$4,390$3,173$2,261$1,592$466
29 years$5,705$4,141$2,952$2,073$1,438$398
30 years$5,455$3,911$2,750$1,903$1,299$341
31 years$5,222$3,697$2,564$1,747$1,175$292
32 years$5,004$3,498$2,392$1,606$1,062$250
33 years$4,799$3,313$2,234$1,477$962$214
34 years$4,607$3,140$2,087$1,359$871$183
35 years$4,427$2,978$1,951$1,251$789$157
36 years$4,256$2,827$1,825$1,152$714$134
37 years$4,096$2,685$1,708$1,061$648$115
38 years$3,944$2,551$1,600$978$587$98
39 years$3,800$2,426$1,499$902$532$84
40 years$3,664$2,308$1,405$832$483$72
41 years$3,535$2,197$1,317$768$438$62
42 years$3,412$2,093$1,236$708$397$53
43 years$3,295$1,994$1,160$654$361$45
44 years$3,184$1,900$1,088$604$327$39
45 years$3,078$1,812$1,022$558$297$33
46 years$2,977$1,729$960$515$270$29
47 years$2,881$1,650$902$476$245$24
48 years$2,789$1,575$847$440$223$21
49 years$2,701$1,504$797$406$202$18
50 years$2,617$1,437$749$376$184$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,680,000, adding $4,437 every year, while hoping to spend $32,250 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: 26/50/24 Blend
58$2,680,000$2,680,000$2,680,000$2,680,000
59$2,957,937$2,815,897$2,774,357$3,012,327
60$3,225,333$2,919,562$2,832,984$3,160,152
61$3,518,922$3,027,226$2,892,494$3,315,566
62$3,841,342$3,139,050$2,952,883$3,481,643
63$4,195,500$3,255,204$3,014,145$3,659,302
64$4,584,595$3,375,863$3,076,273$3,849,551
65$5,012,154$3,501,211$3,139,259$4,053,496
66$5,482,062$3,631,439$3,203,092$4,272,346
67$5,998,598$3,766,746$3,267,762$4,507,430
68$6,566,479$3,907,339$3,333,256$4,760,205
69$7,190,898$4,053,437$3,399,558$5,032,269
70$7,877,578$4,205,265$3,466,652$5,325,377
71$8,632,827$4,363,058$3,534,520$5,641,454
72$9,463,590$4,527,063$3,603,142$5,982,616
73$10,377,523$4,697,536$3,672,494$6,351,184
74$11,383,059$4,874,744$3,742,551$6,749,708
75$12,489,492$5,058,967$3,813,287$7,180,992
76$13,707,059$5,250,496$3,884,672$7,648,114
77$15,047,044$5,449,634$3,956,672$8,154,458
78$16,521,875$5,656,699$4,029,253$8,703,744
79$18,145,250$5,872,021$4,102,377$9,300,059
80$19,932,260$6,095,945$4,176,002$9,947,898
81$21,899,536$6,328,832$4,250,084$10,652,205
82$24,065,401$6,571,057$4,324,574$11,418,415
83$26,450,046$6,823,012$4,399,421$12,252,505
84$29,075,719$7,085,108$4,474,569$13,161,052
85$31,966,935$7,357,771$4,549,960$14,151,289
86$35,150,708$7,641,447$4,625,529$15,231,175
87$38,656,805$7,936,603$4,701,209$16,409,466
88$42,518,027$8,243,724$4,776,927$17,695,797
89$46,770,517$8,563,318$4,852,606$19,100,771
90$51,454,105$8,895,916$4,928,163$20,636,058
91$56,612,677$9,242,070$5,003,511$22,314,501
92$62,294,598$9,602,358$5,078,556$24,150,237
93$68,553,158$9,977,385$5,153,199$26,158,828
94$75,447,083$10,367,780$5,227,334$28,357,404
95$83,041,086$10,774,202$5,300,850$30,764,824
96$91,406,477$11,197,338$5,373,629$33,401,852
97$100,621,837$11,637,907$5,445,544$36,291,348
98$110,773,758$12,096,658$5,516,464$39,458,483
99$121,957,662$12,574,375$5,586,247$42,930,975
100$134,278,702$13,071,878$5,654,744$46,739,344