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%17.9%
1 years$221,312$219,341$217,417$215,540$213,707$206,866
2 years$109,560$107,520$105,542$103,625$101,765$94,936
3 years$72,315$70,265$68,293$66,394$64,564$57,961
4 years$53,696$51,653$49,700$47,833$46,048$39,722
5 years$42,527$40,496$38,569$36,740$35,005$28,972
6 years$35,084$33,068$31,170$29,381$27,698$21,965
7 years$29,769$27,771$25,902$24,156$22,526$17,091
8 years$25,785$23,805$21,967$20,264$18,687$13,547
9 years$22,688$20,726$18,920$17,260$15,737$10,885
10 years$20,212$18,269$16,495$14,879$13,409$8,838
11 years$18,187$16,264$14,522$12,949$11,532$7,234
12 years$16,501$14,598$12,888$11,358$9,994$5,959
13 years$15,075$13,192$11,514$10,027$8,715$4,934
14 years$13,855$11,991$10,346$8,901$7,639$4,102
15 years$12,797$10,954$9,341$7,938$6,726$3,422
16 years$11,873$10,050$8,469$7,108$5,945$2,862
17 years$11,059$9,256$7,706$6,386$5,271$2,399
18 years$10,336$8,553$7,035$5,755$4,687$2,015
19 years$9,689$7,927$6,440$5,200$4,177$1,695
20 years$9,108$7,366$5,910$4,710$3,731$1,428
21 years$8,584$6,861$5,436$4,275$3,339$1,204
22 years$8,107$6,404$5,011$3,887$2,993$1,016
23 years$7,672$5,990$4,626$3,540$2,687$858
24 years$7,275$5,612$4,279$3,228$2,415$726
25 years$6,909$5,267$3,963$2,948$2,173$614
26 years$6,573$4,950$3,675$2,696$1,957$519
27 years$6,262$4,658$3,413$2,468$1,765$439
28 years$5,973$4,390$3,173$2,261$1,592$372
29 years$5,705$4,141$2,952$2,073$1,438$315
30 years$5,455$3,911$2,750$1,903$1,299$267
31 years$5,222$3,697$2,564$1,747$1,175$226
32 years$5,004$3,498$2,392$1,606$1,062$192
33 years$4,799$3,313$2,234$1,477$962$162
34 years$4,607$3,140$2,087$1,359$871$138
35 years$4,427$2,978$1,951$1,251$789$117
36 years$4,256$2,827$1,825$1,152$714$99
37 years$4,096$2,685$1,708$1,061$648$84
38 years$3,944$2,551$1,600$978$587$71
39 years$3,800$2,426$1,499$902$532$60
40 years$3,664$2,308$1,405$832$483$51
41 years$3,535$2,197$1,317$768$438$43
42 years$3,412$2,093$1,236$708$397$37
43 years$3,295$1,994$1,160$654$361$31
44 years$3,184$1,900$1,088$604$327$26
45 years$3,078$1,812$1,022$558$297$22
46 years$2,977$1,729$960$515$270$19
47 years$2,881$1,650$902$476$245$16
48 years$2,789$1,575$847$440$223$14
49 years$2,701$1,504$797$406$202$12
50 years$2,617$1,437$749$376$184$10

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 $5,156 every year, while hoping to spend $40,451 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: 63/11/26 Blend
58$2,680,000$2,680,000$2,680,000$2,680,000
59$2,958,678$2,816,638$2,775,098$3,124,384
60$3,217,424$2,911,614$2,825,025$3,332,185
61$3,501,206$3,009,888$2,875,268$3,554,150
62$3,812,535$3,111,579$2,925,795$3,795,715
63$4,154,178$3,216,810$2,976,573$4,058,803
64$4,529,180$3,325,709$3,027,564$4,345,537
65$4,940,897$3,438,410$3,078,729$4,658,249
66$5,393,026$3,555,050$3,130,024$4,999,511
67$5,889,640$3,675,772$3,181,405$5,372,154
68$6,435,223$3,800,725$3,232,822$5,779,298
69$7,034,719$3,930,064$3,284,224$6,224,376
70$7,693,571$4,063,947$3,335,556$6,711,174
71$8,417,777$4,202,543$3,386,759$7,243,857
72$9,213,945$4,346,022$3,437,771$7,827,017
73$10,089,355$4,494,565$3,488,524$8,465,712
74$11,052,028$4,648,358$3,538,948$9,165,512
75$12,110,801$4,807,593$3,588,969$9,932,555
76$13,275,410$4,972,472$3,638,507$10,773,602
77$14,556,582$5,143,204$3,687,477$11,696,103
78$15,966,137$5,320,004$3,735,791$12,708,264
79$17,517,097$5,503,098$3,783,354$13,819,127
80$19,223,811$5,692,720$3,830,066$15,038,654
81$21,102,089$5,889,113$3,875,823$16,377,822
82$23,169,350$6,092,528$3,920,511$17,848,723
83$25,444,791$6,303,229$3,964,015$19,464,683
84$27,949,559$6,521,487$4,006,209$21,240,383
85$30,706,960$6,747,585$4,046,963$23,192,000
86$33,742,672$6,981,819$4,086,139$25,337,359
87$37,084,990$7,224,494$4,123,590$27,696,101
88$40,765,092$7,475,927$4,159,163$30,289,866
89$44,817,334$7,736,450$4,192,698$33,142,501
90$49,279,572$8,006,406$4,224,023$36,280,284
91$54,193,521$8,286,152$4,252,960$39,732,166
92$59,605,146$8,576,060$4,279,321$43,530,055
93$65,565,100$8,876,516$4,302,907$47,709,107
94$72,129,196$9,187,921$4,323,510$52,308,061
95$79,358,938$9,510,693$4,340,912$57,369,608
96$87,322,100$9,845,268$4,354,883$62,940,788
97$96,093,364$10,192,095$4,365,181$69,073,437
98$105,755,026$10,551,646$4,371,553$75,824,678
99$116,397,771$10,924,410$4,373,732$83,257,454
100$128,121,532$11,310,894$4,371,441$91,441,130