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

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$221,312$219,341$217,417$215,540$213,707$211,740
2 years$109,560$107,520$105,542$103,625$101,765$99,783
3 years$72,315$70,265$68,293$66,394$64,564$62,628
4 years$53,696$51,653$49,700$47,833$46,048$44,174
5 years$42,527$40,496$38,569$36,740$35,005$33,198
6 years$35,084$33,068$31,170$29,381$27,698$25,960
7 years$29,769$27,771$25,902$24,156$22,526$20,858
8 years$25,785$23,805$21,967$20,264$18,687$17,090
9 years$22,688$20,726$18,920$17,260$15,737$14,209
10 years$20,212$18,269$16,495$14,879$13,409$11,950
11 years$18,187$16,264$14,522$12,949$11,532$10,140
12 years$16,501$14,598$12,888$11,358$9,994$8,668
13 years$15,075$13,192$11,514$10,027$8,715$7,453
14 years$13,855$11,991$10,346$8,901$7,639$6,441
15 years$12,797$10,954$9,341$7,938$6,726$5,589
16 years$11,873$10,050$8,469$7,108$5,945$4,867
17 years$11,059$9,256$7,706$6,386$5,271$4,250
18 years$10,336$8,553$7,035$5,755$4,687$3,722
19 years$9,689$7,927$6,440$5,200$4,177$3,266
20 years$9,108$7,366$5,910$4,710$3,731$2,871
21 years$8,584$6,861$5,436$4,275$3,339$2,529
22 years$8,107$6,404$5,011$3,887$2,993$2,230
23 years$7,672$5,990$4,626$3,540$2,687$1,969
24 years$7,275$5,612$4,279$3,228$2,415$1,740
25 years$6,909$5,267$3,963$2,948$2,173$1,540
26 years$6,573$4,950$3,675$2,696$1,957$1,364
27 years$6,262$4,658$3,413$2,468$1,765$1,208
28 years$5,973$4,390$3,173$2,261$1,592$1,072
29 years$5,705$4,141$2,952$2,073$1,438$951
30 years$5,455$3,911$2,750$1,903$1,299$844
31 years$5,222$3,697$2,564$1,747$1,175$750
32 years$5,004$3,498$2,392$1,606$1,062$666
33 years$4,799$3,313$2,234$1,477$962$592
34 years$4,607$3,140$2,087$1,359$871$526
35 years$4,427$2,978$1,951$1,251$789$468
36 years$4,256$2,827$1,825$1,152$714$416
37 years$4,096$2,685$1,708$1,061$648$370
38 years$3,944$2,551$1,600$978$587$330
39 years$3,800$2,426$1,499$902$532$293
40 years$3,664$2,308$1,405$832$483$261
41 years$3,535$2,197$1,317$768$438$232
42 years$3,412$2,093$1,236$708$397$207
43 years$3,295$1,994$1,160$654$361$184
44 years$3,184$1,900$1,088$604$327$164
45 years$3,078$1,812$1,022$558$297$146
46 years$2,977$1,729$960$515$270$130
47 years$2,881$1,650$902$476$245$116
48 years$2,789$1,575$847$440$223$103
49 years$2,701$1,504$797$406$202$92
50 years$2,617$1,437$749$376$184$82

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 $6,616 every year, while hoping to spend $44,524 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: 30/41/29 Blend
58$2,680,000$2,680,000$2,680,000$2,680,000
59$2,960,184$2,818,144$2,776,604$3,022,470
60$3,214,750$2,908,860$2,822,247$3,162,600
61$3,493,789$3,002,529$2,867,927$3,308,917
62$3,799,751$3,099,248$2,913,598$3,465,447
63$4,135,333$3,199,119$2,959,211$3,633,111
64$4,503,507$3,302,246$3,004,715$3,812,920
65$4,907,545$3,408,736$3,050,053$4,005,986
66$5,351,052$3,518,702$3,095,168$4,213,531
67$5,838,000$3,632,259$3,139,996$4,436,900
68$6,372,762$3,749,526$3,184,472$4,677,570
69$6,960,158$3,870,626$3,228,526$4,937,166
70$7,605,495$3,995,688$3,272,083$5,217,477
71$8,314,622$4,124,843$3,315,064$5,520,467
72$9,093,981$4,258,228$3,357,386$5,848,302
73$9,950,669$4,395,983$3,398,960$6,203,362
74$10,892,506$4,538,255$3,439,694$6,588,266
75$11,928,107$4,685,195$3,479,490$7,005,900
76$13,066,963$4,836,959$3,518,242$7,459,435
77$14,319,531$4,993,708$3,555,841$7,952,368
78$15,697,333$5,155,609$3,592,171$8,488,543
79$17,213,063$5,322,836$3,627,111$9,072,195
80$18,880,708$5,495,567$3,660,531$9,707,987
81$20,715,677$5,673,987$3,692,296$10,401,053
82$22,734,951$5,858,287$3,722,263$11,157,045
83$24,957,239$6,048,666$3,750,281$11,982,189
84$27,403,154$6,245,328$3,776,193$12,883,341
85$30,095,412$6,448,485$3,799,831$13,868,052
86$33,059,040$6,658,356$3,821,021$14,944,638
87$36,321,615$6,875,169$3,839,579$16,122,258
88$39,913,526$7,099,158$3,855,311$17,411,003
89$43,868,255$7,330,567$3,868,014$18,821,985
90$48,222,699$7,569,646$3,877,474$20,367,446
91$53,017,512$7,816,657$3,883,467$22,060,873
92$58,297,493$8,071,868$3,885,758$23,917,121
93$64,112,007$8,335,558$3,884,100$25,952,556
94$70,515,448$8,608,017$3,878,234$28,185,208
95$77,567,756$8,889,543$3,867,887$30,634,940
96$85,334,982$9,180,445$3,852,776$33,323,637
97$93,889,907$9,481,044$3,832,601$36,275,408
98$103,312,733$9,791,671$3,807,049$39,516,818
99$113,691,839$10,112,669$3,775,791$43,077,133
100$125,124,611$10,444,394$3,738,485$46,988,600