Can I retire at age 59 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$222,138$220,159$218,229$216,344$214,504$207,971
2 years$109,969$107,921$105,936$104,012$102,145$95,619
3 years$72,585$70,528$68,548$66,641$64,805$58,491
4 years$53,896$51,845$49,885$48,011$46,219$40,165
5 years$42,686$40,647$38,713$36,877$35,135$29,358
6 years$35,215$33,192$31,286$29,491$27,801$22,306
7 years$29,880$27,874$25,999$24,246$22,610$17,396
8 years$25,881$23,893$22,049$20,340$18,757$13,821
9 years$22,773$20,803$18,991$17,325$15,796$11,133
10 years$20,287$18,337$16,557$14,934$13,459$9,062
11 years$18,255$16,325$14,576$12,997$11,575$7,437
12 years$16,562$14,652$12,936$11,400$10,031$6,142
13 years$15,132$13,241$11,557$10,065$8,747$5,099
14 years$13,906$12,036$10,384$8,934$7,668$4,251
15 years$12,845$10,995$9,376$7,968$6,751$3,556
16 years$11,918$10,088$8,500$7,134$5,967$2,983
17 years$11,100$9,290$7,735$6,410$5,291$2,508
18 years$10,374$8,585$7,061$5,777$4,704$2,113
19 years$9,726$7,956$6,464$5,220$4,193$1,783
20 years$9,142$7,393$5,932$4,728$3,745$1,506
21 years$8,616$6,887$5,457$4,291$3,352$1,274
22 years$8,137$6,428$5,029$3,901$3,004$1,079
23 years$7,701$6,012$4,644$3,553$2,697$914
24 years$7,302$5,633$4,295$3,240$2,424$775
25 years$6,935$5,286$3,978$2,959$2,181$657
26 years$6,597$4,968$3,689$2,706$1,965$558
27 years$6,285$4,676$3,426$2,477$1,771$474
28 years$5,995$4,406$3,185$2,269$1,598$402
29 years$5,726$4,157$2,963$2,081$1,443$342
30 years$5,476$3,925$2,760$1,910$1,304$291
31 years$5,242$3,711$2,573$1,754$1,179$247
32 years$5,023$3,511$2,401$1,612$1,066$210
33 years$4,817$3,325$2,242$1,482$965$179
34 years$4,625$3,152$2,095$1,364$874$152
35 years$4,443$2,989$1,958$1,256$791$129
36 years$4,272$2,837$1,832$1,156$717$110
37 years$4,111$2,695$1,715$1,065$650$93
38 years$3,959$2,561$1,606$982$589$80
39 years$3,814$2,435$1,504$905$534$68
40 years$3,678$2,317$1,410$835$485$58
41 years$3,548$2,205$1,322$771$440$49
42 years$3,425$2,100$1,240$711$399$42
43 years$3,308$2,001$1,164$656$362$35
44 years$3,196$1,908$1,092$606$329$30
45 years$3,090$1,819$1,026$560$298$26
46 years$2,989$1,735$963$517$271$22
47 years$2,892$1,656$905$478$246$19
48 years$2,799$1,581$851$441$223$16
49 years$2,711$1,510$799$408$203$13
50 years$2,626$1,442$752$377$184$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,690,000, adding $3,766 every year, while hoping to spend $44,810 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: 51/41/8 Blend
58$2,690,000$2,690,000$2,690,000$2,690,000
59$2,968,265$2,825,695$2,784,000$3,113,418
60$3,223,350$2,916,476$2,829,586$3,303,450
61$3,502,953$3,010,204$2,875,198$3,504,788
62$3,809,525$3,106,976$2,920,789$3,722,593
63$4,145,770$3,206,891$2,966,309$3,958,426
64$4,514,664$3,310,054$3,011,705$4,213,997
65$4,919,485$3,416,572$3,056,922$4,491,193
66$5,363,844$3,526,555$3,101,901$4,792,084
67$5,851,718$3,640,119$3,146,577$5,118,951
68$6,387,490$3,757,381$3,190,883$5,474,301
69$6,975,985$3,878,464$3,234,749$5,860,895
70$7,622,522$4,003,495$3,278,100$6,281,769
71$8,332,957$4,132,604$3,320,854$6,740,264
72$9,113,745$4,265,928$3,362,929$7,240,060
73$9,971,994$4,403,605$3,404,234$7,785,205
74$10,915,536$4,545,781$3,444,675$8,380,155
75$11,953,002$4,692,605$3,484,152$9,029,816
76$13,093,897$4,844,232$3,522,560$9,739,590
77$14,348,697$5,000,822$3,559,789$10,515,423
78$15,728,942$5,162,540$3,595,720$11,363,863
79$17,247,348$5,329,558$3,630,230$12,292,119
80$18,917,923$5,502,052$3,663,188$13,308,132
81$20,756,105$5,680,206$3,694,459$14,420,643
82$22,778,901$5,864,209$3,723,896$15,639,282
83$25,005,050$6,054,257$3,751,348$16,974,652
84$27,455,202$6,250,552$3,776,655$18,438,433
85$30,152,108$6,453,305$3,799,648$20,043,487
86$33,120,837$6,662,731$3,820,150$21,803,983
87$36,389,013$6,879,055$3,837,976$23,735,528
88$39,987,073$7,102,510$3,852,929$25,855,311
89$43,948,556$7,333,334$3,864,804$28,182,268
90$48,310,419$7,571,778$3,873,385$30,737,260
91$53,113,383$7,818,097$3,878,445$33,543,265
92$58,402,322$8,072,557$3,879,747$36,625,597
93$64,226,681$8,335,435$3,877,041$40,012,143
94$70,640,946$8,607,014$3,870,064$43,733,628
95$77,705,154$8,887,590$3,858,543$47,823,897
96$85,485,465$9,177,467$3,842,190$52,320,241
97$94,054,781$9,476,961$3,820,701$57,263,743
98$103,493,435$9,786,399$3,793,762$62,699,668
99$113,889,952$10,106,119$3,761,039$68,677,887
100$125,341,880$10,436,471$3,722,186$75,253,344