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

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$222,138$220,159$218,229$216,344$214,504$213,601
2 years$109,969$107,921$105,936$104,012$102,145$101,232
3 years$72,585$70,528$68,548$66,641$64,805$63,912
4 years$53,896$51,845$49,885$48,011$46,219$45,353
5 years$42,686$40,647$38,713$36,877$35,135$34,298
6 years$35,215$33,192$31,286$29,491$27,801$26,994
7 years$29,880$27,874$25,999$24,246$22,610$21,833
8 years$25,881$23,893$22,049$20,340$18,757$18,011
9 years$22,773$20,803$18,991$17,325$15,796$15,081
10 years$20,287$18,337$16,557$14,934$13,459$12,774
11 years$18,255$16,325$14,576$12,997$11,575$10,919
12 years$16,562$14,652$12,936$11,400$10,031$9,404
13 years$15,132$13,241$11,557$10,065$8,747$8,149
14 years$13,906$12,036$10,384$8,934$7,668$7,098
15 years$12,845$10,995$9,376$7,968$6,751$6,208
16 years$11,918$10,088$8,500$7,134$5,967$5,450
17 years$11,100$9,290$7,735$6,410$5,291$4,800
18 years$10,374$8,585$7,061$5,777$4,704$4,238
19 years$9,726$7,956$6,464$5,220$4,193$3,751
20 years$9,142$7,393$5,932$4,728$3,745$3,327
21 years$8,616$6,887$5,457$4,291$3,352$2,956
22 years$8,137$6,428$5,029$3,901$3,004$2,630
23 years$7,701$6,012$4,644$3,553$2,697$2,343
24 years$7,302$5,633$4,295$3,240$2,424$2,091
25 years$6,935$5,286$3,978$2,959$2,181$1,867
26 years$6,597$4,968$3,689$2,706$1,965$1,669
27 years$6,285$4,676$3,426$2,477$1,771$1,493
28 years$5,995$4,406$3,185$2,269$1,598$1,337
29 years$5,726$4,157$2,963$2,081$1,443$1,197
30 years$5,476$3,925$2,760$1,910$1,304$1,073
31 years$5,242$3,711$2,573$1,754$1,179$963
32 years$5,023$3,511$2,401$1,612$1,066$864
33 years$4,817$3,325$2,242$1,482$965$775
34 years$4,625$3,152$2,095$1,364$874$696
35 years$4,443$2,989$1,958$1,256$791$625
36 years$4,272$2,837$1,832$1,156$717$562
37 years$4,111$2,695$1,715$1,065$650$505
38 years$3,959$2,561$1,606$982$589$454
39 years$3,814$2,435$1,504$905$534$408
40 years$3,678$2,317$1,410$835$485$367
41 years$3,548$2,205$1,322$771$440$330
42 years$3,425$2,100$1,240$711$399$297
43 years$3,308$2,001$1,164$656$362$267
44 years$3,196$1,908$1,092$606$329$241
45 years$3,090$1,819$1,026$560$298$216
46 years$2,989$1,735$963$517$271$195
47 years$2,892$1,656$905$478$246$175
48 years$2,799$1,581$851$441$223$158
49 years$2,711$1,510$799$408$203$142
50 years$2,626$1,442$752$377$184$128

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 $5,820 every year, while hoping to spend $49,284 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: 40/35/25 Blend
58$2,690,000$2,690,000$2,690,000$2,690,000
59$2,970,383$2,827,813$2,786,118$3,067,042
60$3,220,925$2,913,938$2,827,016$3,223,544
61$3,495,369$3,002,632$2,867,631$3,387,687
62$3,796,104$3,093,967$2,907,903$3,564,303
63$4,125,755$3,188,021$2,947,767$3,754,561
64$4,487,219$3,284,870$2,987,153$3,959,749
65$4,883,681$3,384,595$3,025,989$4,181,282
66$5,318,654$3,487,278$3,064,197$4,420,718
67$5,796,005$3,593,002$3,101,696$4,679,771
68$6,319,993$3,701,855$3,138,398$4,960,330
69$6,895,310$3,813,924$3,174,213$5,264,470
70$7,527,127$3,929,301$3,209,044$5,594,480
71$8,221,137$4,048,080$3,242,790$5,952,877
72$8,983,612$4,170,355$3,275,342$6,342,434
73$9,821,463$4,296,225$3,306,589$6,766,205
74$10,742,302$4,425,790$3,336,410$7,227,550
75$11,754,518$4,559,155$3,364,681$7,730,173
76$12,867,349$4,696,424$3,391,268$8,278,151
77$14,090,976$4,837,706$3,416,033$8,875,976
78$15,436,615$4,983,112$3,438,829$9,528,595
79$16,916,621$5,132,757$3,459,502$10,241,457
80$18,544,611$5,286,757$3,477,890$11,020,564
81$20,335,585$5,445,231$3,493,822$11,872,529
82$22,306,069$5,608,302$3,507,120$12,804,636
83$24,474,275$5,776,096$3,517,595$13,824,910
84$26,860,268$5,948,740$3,525,051$14,942,192
85$29,486,154$6,126,368$3,529,279$16,166,222
86$32,376,294$6,309,112$3,530,062$17,507,730
87$35,557,528$6,497,111$3,527,172$18,978,541
88$39,059,433$6,690,506$3,520,369$20,591,681
89$42,914,595$6,889,441$3,509,401$22,361,503
90$47,158,924$7,094,064$3,494,006$24,303,822
91$51,831,986$7,304,525$3,473,907$26,436,063
92$56,977,380$7,520,978$3,448,814$28,777,426
93$62,643,148$7,743,581$3,418,425$31,349,069
94$68,882,227$7,972,495$3,382,421$34,174,304
95$75,752,952$8,207,884$3,340,469$37,278,817
96$83,319,599$8,449,917$3,292,221$40,690,916
97$91,653,000$8,698,764$3,237,312$44,441,791
98$100,831,204$8,954,602$3,175,360$48,565,812
99$110,940,217$9,217,607$3,105,964$53,100,853
100$122,074,812$9,487,963$3,028,707$58,088,650