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%16.1%
1 years$221,312$219,341$217,417$215,540$213,707$208,372
2 years$109,560$107,520$105,542$103,625$101,765$96,424
3 years$72,315$70,265$68,293$66,394$64,564$59,383
4 years$53,696$51,653$49,700$47,833$46,048$41,068
5 years$42,527$40,496$38,569$36,740$35,005$30,239
6 years$35,084$33,068$31,170$29,381$27,698$23,152
7 years$29,769$27,771$25,902$24,156$22,526$18,200
8 years$25,785$23,805$21,967$20,264$18,687$14,579
9 years$22,688$20,726$18,920$17,260$15,737$11,844
10 years$20,212$18,269$16,495$14,879$13,409$9,725
11 years$18,187$16,264$14,522$12,949$11,532$8,053
12 years$16,501$14,598$12,888$11,358$9,994$6,713
13 years$15,075$13,192$11,514$10,027$8,715$5,626
14 years$13,855$11,991$10,346$8,901$7,639$4,735
15 years$12,797$10,954$9,341$7,938$6,726$4,000
16 years$11,873$10,050$8,469$7,108$5,945$3,390
17 years$11,059$9,256$7,706$6,386$5,271$2,879
18 years$10,336$8,553$7,035$5,755$4,687$2,451
19 years$9,689$7,927$6,440$5,200$4,177$2,090
20 years$9,108$7,366$5,910$4,710$3,731$1,785
21 years$8,584$6,861$5,436$4,275$3,339$1,526
22 years$8,107$6,404$5,011$3,887$2,993$1,306
23 years$7,672$5,990$4,626$3,540$2,687$1,119
24 years$7,275$5,612$4,279$3,228$2,415$959
25 years$6,909$5,267$3,963$2,948$2,173$823
26 years$6,573$4,950$3,675$2,696$1,957$706
27 years$6,262$4,658$3,413$2,468$1,765$607
28 years$5,973$4,390$3,173$2,261$1,592$521
29 years$5,705$4,141$2,952$2,073$1,438$448
30 years$5,455$3,911$2,750$1,903$1,299$385
31 years$5,222$3,697$2,564$1,747$1,175$331
32 years$5,004$3,498$2,392$1,606$1,062$285
33 years$4,799$3,313$2,234$1,477$962$245
34 years$4,607$3,140$2,087$1,359$871$211
35 years$4,427$2,978$1,951$1,251$789$182
36 years$4,256$2,827$1,825$1,152$714$156
37 years$4,096$2,685$1,708$1,061$648$134
38 years$3,944$2,551$1,600$978$587$116
39 years$3,800$2,426$1,499$902$532$100
40 years$3,664$2,308$1,405$832$483$86
41 years$3,535$2,197$1,317$768$438$74
42 years$3,412$2,093$1,236$708$397$64
43 years$3,295$1,994$1,160$654$361$55
44 years$3,184$1,900$1,088$604$327$47
45 years$3,078$1,812$1,022$558$297$41
46 years$2,977$1,729$960$515$270$35
47 years$2,881$1,650$902$476$245$30
48 years$2,789$1,575$847$440$223$26
49 years$2,701$1,504$797$406$202$22
50 years$2,617$1,437$749$376$184$19

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 $5,241 every year, while hoping to spend $52,637 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: 65/26/9 Blend
58$2,680,000$2,680,000$2,680,000$2,680,000
59$2,958,766$2,816,726$2,775,186$3,145,288
60$3,204,555$2,898,740$2,812,149$3,352,193
61$3,473,650$2,983,009$2,848,587$3,571,463
62$3,768,373$3,069,587$2,884,425$3,809,669
63$4,091,281$3,158,531$2,919,587$4,068,651
64$4,445,189$3,249,896$2,953,991$4,350,433
65$4,833,198$3,343,741$2,987,550$4,657,245
66$5,258,725$3,440,125$3,020,173$4,991,541
67$5,725,530$3,539,106$3,051,764$5,356,023
68$6,237,757$3,640,746$3,082,221$5,753,665
69$6,799,971$3,745,105$3,111,438$6,187,745
70$7,417,198$3,852,245$3,139,302$6,661,869
71$8,094,977$3,962,229$3,165,693$7,180,011
72$8,839,407$4,075,122$3,190,486$7,746,547
73$9,657,211$4,190,986$3,213,551$8,366,296
74$10,555,789$4,309,888$3,234,748$9,044,565
75$11,543,300$4,431,892$3,253,932$9,787,202
76$12,628,727$4,557,066$3,270,950$10,600,647
77$13,821,970$4,685,475$3,285,640$11,491,993
78$15,133,935$4,817,187$3,297,833$12,469,056
79$16,576,638$4,952,270$3,307,351$13,540,445
80$18,163,315$5,090,792$3,314,008$14,715,643
81$19,908,554$5,232,822$3,317,608$16,005,099
82$21,828,423$5,378,427$3,317,944$17,420,322
83$23,940,629$5,527,676$3,314,802$18,973,995
84$26,264,679$5,680,638$3,307,954$20,680,090
85$28,822,069$5,837,382$3,297,163$22,553,999
86$31,636,482$5,997,976$3,282,180$24,612,684
87$34,734,013$6,162,487$3,262,743$26,874,831
88$38,143,417$6,330,984$3,238,580$29,361,030
89$41,896,377$6,503,532$3,209,403$32,093,967
90$46,027,801$6,680,199$3,174,912$35,098,638
91$50,576,158$6,861,050$3,134,792$38,402,587
92$55,583,832$7,046,148$3,088,715$42,036,160
93$61,097,531$7,235,557$3,036,334$46,032,800
94$67,168,717$7,429,337$2,977,289$50,429,353
95$73,854,100$7,627,549$2,911,202$55,266,422
96$81,216,168$7,830,249$2,837,678$60,588,746
97$89,323,780$8,037,494$2,756,303$66,445,625
98$98,252,810$8,249,335$2,666,643$72,891,383
99$108,086,868$8,465,824$2,568,248$79,985,882
100$118,918,087$8,687,008$2,460,642$87,795,086