Can I retire at age 59 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$223,789$221,796$219,851$217,953$216,099$209,686
2 years$110,787$108,723$106,724$104,785$102,904$96,496
3 years$73,124$71,052$69,057$67,137$65,287$59,084
4 years$54,297$52,231$50,256$48,368$46,563$40,614
5 years$43,003$40,950$39,001$37,151$35,397$29,717
6 years$35,476$33,438$31,518$29,710$28,008$22,603
7 years$30,102$28,081$26,192$24,426$22,778$17,648
8 years$26,074$24,071$22,213$20,491$18,897$14,038
9 years$22,942$20,958$19,132$17,454$15,914$11,321
10 years$20,438$18,474$16,680$15,045$13,559$9,227
11 years$18,391$16,446$14,684$13,094$11,661$7,582
12 years$16,686$14,761$13,032$11,485$10,106$6,270
13 years$15,244$13,340$11,643$10,140$8,812$5,213
14 years$14,010$12,125$10,462$9,001$7,725$4,352
15 years$12,941$11,077$9,445$8,027$6,801$3,645
16 years$12,006$10,163$8,564$7,187$6,011$3,062
17 years$11,183$9,359$7,793$6,458$5,330$2,579
18 years$10,451$8,649$7,114$5,820$4,739$2,175
19 years$9,798$8,015$6,512$5,259$4,224$1,838
20 years$9,210$7,448$5,977$4,763$3,773$1,556
21 years$8,680$6,938$5,497$4,322$3,376$1,318
22 years$8,198$6,476$5,067$3,930$3,026$1,117
23 years$7,758$6,057$4,678$3,579$2,717$948
24 years$7,356$5,675$4,326$3,264$2,442$805
25 years$6,987$5,326$4,007$2,981$2,197$684
26 years$6,646$5,005$3,716$2,726$1,979$582
27 years$6,332$4,711$3,451$2,495$1,784$495
28 years$6,040$4,439$3,208$2,286$1,610$421
29 years$5,769$4,187$2,985$2,096$1,454$358
30 years$5,516$3,955$2,781$1,924$1,314$305
31 years$5,281$3,738$2,593$1,767$1,188$260
32 years$5,060$3,537$2,419$1,624$1,074$221
33 years$4,853$3,350$2,259$1,493$972$188
34 years$4,659$3,175$2,110$1,374$880$160
35 years$4,476$3,011$1,973$1,265$797$137
36 years$4,304$2,858$1,846$1,165$722$116
37 years$4,142$2,715$1,727$1,073$655$99
38 years$3,988$2,580$1,618$989$594$85
39 years$3,843$2,453$1,516$912$538$72
40 years$3,705$2,334$1,421$841$488$61
41 years$3,574$2,222$1,332$776$443$52
42 years$3,450$2,116$1,250$716$402$45
43 years$3,332$2,016$1,172$661$365$38
44 years$3,220$1,922$1,101$611$331$32
45 years$3,113$1,833$1,033$564$301$28
46 years$3,011$1,748$971$521$273$24
47 years$2,913$1,668$912$481$248$20
48 years$2,820$1,593$857$445$225$17
49 years$2,731$1,521$805$411$204$15
50 years$2,646$1,453$757$380$186$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,710,000, adding $4,033 every year, while hoping to spend $50,728 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: 55/32/13 Blend
58$2,710,000$2,710,000$2,710,000$2,710,000
59$2,990,580$2,846,950$2,804,945$3,144,796
60$3,241,645$2,932,476$2,844,936$3,335,475
61$3,516,618$3,020,493$2,884,567$3,537,136
62$3,817,885$3,111,069$2,923,772$3,755,540
63$4,148,073$3,204,275$2,962,482$3,992,292
64$4,510,073$3,300,181$3,000,622$4,249,161
65$4,907,072$3,398,862$3,038,115$4,528,091
66$5,342,581$3,500,393$3,074,878$4,831,225
67$5,820,463$3,604,851$3,110,826$5,160,920
68$6,344,976$3,712,315$3,145,865$5,519,769
69$6,920,811$3,822,866$3,179,899$5,910,631
70$7,553,134$3,936,587$3,212,825$6,336,651
71$8,247,635$4,053,561$3,244,536$6,801,291
72$9,010,584$4,173,875$3,274,918$7,308,365
73$9,848,887$4,297,619$3,303,851$7,862,074
74$10,770,152$4,424,881$3,331,209$8,467,042
75$11,782,762$4,555,754$3,356,859$9,128,362
76$12,895,951$4,690,333$3,380,661$9,851,645
77$14,119,892$4,828,714$3,402,467$10,643,070
78$15,465,795$4,970,994$3,422,123$11,509,442
79$16,946,008$5,117,276$3,439,467$12,458,260
80$18,574,139$5,267,660$3,454,327$13,497,781
81$20,365,177$5,422,251$3,466,523$14,637,102
82$22,335,640$5,581,157$3,475,867$15,886,245
83$24,503,727$5,744,485$3,482,160$17,256,250
84$26,889,489$5,912,347$3,485,194$18,759,280
85$29,515,020$6,084,854$3,484,751$20,408,734
86$32,404,663$6,262,123$3,480,601$22,219,376
87$35,585,242$6,444,271$3,472,504$24,207,470
88$39,086,312$6,631,415$3,460,209$26,390,936
89$42,940,439$6,823,678$3,443,449$28,789,518
90$47,183,508$7,021,182$3,421,949$31,424,970
91$51,855,059$7,224,054$3,395,417$34,321,261
92$56,998,662$7,432,419$3,363,550$37,504,799
93$62,662,325$7,646,407$3,326,029$41,004,685
94$68,898,951$7,866,149$3,282,519$44,852,982
95$75,766,832$8,091,779$3,232,672$49,085,018
96$83,330,202$8,323,430$3,176,120$53,739,723
97$91,659,844$8,561,239$3,112,481$58,859,992
98$100,833,753$8,805,345$3,041,355$64,493,091
99$110,937,876$9,055,887$2,962,320$70,691,104
100$122,066,921$9,313,006$2,874,939$77,511,421