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%19.6%
1 years$223,789$221,796$219,851$217,953$216,099$207,771
2 years$110,787$108,723$106,724$104,785$102,904$94,614
3 years$73,124$71,052$69,057$67,137$65,287$57,294
4 years$54,297$52,231$50,256$48,368$46,563$38,929
5 years$43,003$40,950$39,001$37,151$35,397$28,141
6 years$35,476$33,438$31,518$29,710$28,008$21,136
7 years$30,102$28,081$26,192$24,426$22,778$16,287
8 years$26,074$24,071$22,213$20,491$18,897$12,780
9 years$22,942$20,958$19,132$17,454$15,914$10,163
10 years$20,438$18,474$16,680$15,045$13,559$8,164
11 years$18,391$16,446$14,684$13,094$11,661$6,609
12 years$16,686$14,761$13,032$11,485$10,106$5,382
13 years$15,244$13,340$11,643$10,140$8,812$4,405
14 years$14,010$12,125$10,462$9,001$7,725$3,619
15 years$12,941$11,077$9,445$8,027$6,801$2,982
16 years$12,006$10,163$8,564$7,187$6,011$2,464
17 years$11,183$9,359$7,793$6,458$5,330$2,040
18 years$10,451$8,649$7,114$5,820$4,739$1,692
19 years$9,798$8,015$6,512$5,259$4,224$1,405
20 years$9,210$7,448$5,977$4,763$3,773$1,168
21 years$8,680$6,938$5,497$4,322$3,376$972
22 years$8,198$6,476$5,067$3,930$3,026$810
23 years$7,758$6,057$4,678$3,579$2,717$675
24 years$7,356$5,675$4,326$3,264$2,442$563
25 years$6,987$5,326$4,007$2,981$2,197$469
26 years$6,646$5,005$3,716$2,726$1,979$392
27 years$6,332$4,711$3,451$2,495$1,784$327
28 years$6,040$4,439$3,208$2,286$1,610$273
29 years$5,769$4,187$2,985$2,096$1,454$228
30 years$5,516$3,955$2,781$1,924$1,314$191
31 years$5,281$3,738$2,593$1,767$1,188$159
32 years$5,060$3,537$2,419$1,624$1,074$133
33 years$4,853$3,350$2,259$1,493$972$111
34 years$4,659$3,175$2,110$1,374$880$93
35 years$4,476$3,011$1,973$1,265$797$78
36 years$4,304$2,858$1,846$1,165$722$65
37 years$4,142$2,715$1,727$1,073$655$54
38 years$3,988$2,580$1,618$989$594$45
39 years$3,843$2,453$1,516$912$538$38
40 years$3,705$2,334$1,421$841$488$32
41 years$3,574$2,222$1,332$776$443$26
42 years$3,450$2,116$1,250$716$402$22
43 years$3,332$2,016$1,172$661$365$19
44 years$3,220$1,922$1,101$611$331$15
45 years$3,113$1,833$1,033$564$301$13
46 years$3,011$1,748$971$521$273$11
47 years$2,913$1,668$912$481$248$9
48 years$2,820$1,593$857$445$225$8
49 years$2,731$1,521$805$411$204$6
50 years$2,646$1,453$757$380$186$5

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 $5,078 every year, while hoping to spend $57,070 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: 39/38/23 Blend
58$2,710,000$2,710,000$2,710,000$2,710,000
59$2,991,658$2,848,028$2,806,023$3,087,695
60$3,236,085$2,926,859$2,839,303$3,236,440
61$3,503,531$3,007,641$2,871,785$3,391,431
62$3,796,283$3,090,407$2,903,382$3,557,884
63$4,116,861$3,175,194$2,934,002$3,736,873
64$4,468,039$3,262,037$2,963,549$3,929,581
65$4,852,871$3,350,969$2,991,920$4,137,312
66$5,274,723$3,442,025$3,019,008$4,361,499
67$5,737,300$3,535,239$3,044,700$4,603,722
68$6,244,683$3,630,644$3,068,876$4,865,719
69$6,801,367$3,728,273$3,091,410$5,149,406
70$7,412,305$3,828,157$3,112,171$5,456,893
71$8,082,951$3,930,327$3,131,019$5,790,502
72$8,819,311$4,034,812$3,147,808$6,152,794
73$9,628,006$4,141,643$3,162,384$6,546,588
74$10,516,324$4,250,845$3,174,586$6,974,989
75$11,492,299$4,362,446$3,184,244$7,441,421
76$12,564,777$4,476,469$3,191,179$7,949,652
77$13,743,506$4,592,938$3,195,206$8,503,838
78$15,039,224$4,711,873$3,196,126$9,108,555
79$16,463,764$4,833,294$3,193,735$9,768,846
80$18,030,158$4,957,215$3,187,815$10,490,270
81$19,752,768$5,083,653$3,178,141$11,278,949
82$21,647,415$5,212,617$3,164,473$12,141,632
83$23,731,532$5,344,116$3,146,564$13,085,755
84$26,024,326$5,478,155$3,124,151$14,119,513
85$28,546,958$5,614,735$3,096,961$15,251,936
86$31,322,745$5,753,855$3,064,707$16,492,978
87$34,377,379$5,895,507$3,027,088$17,853,605
88$37,739,166$6,039,682$2,983,790$19,345,904
89$41,439,297$6,186,362$2,934,484$20,983,198
90$45,512,140$6,335,529$2,878,824$22,780,165
91$49,995,563$6,487,154$2,816,449$24,752,985
92$54,931,292$6,641,207$2,746,982$26,919,489
93$60,365,306$6,797,647$2,670,027$29,299,329
94$66,348,266$6,956,431$2,585,172$31,914,161
95$72,935,998$7,117,505$2,491,984$34,787,855
96$80,190,014$7,280,807$2,390,010$37,946,717
97$88,178,099$7,446,270$2,278,779$41,419,738
98$96,974,942$7,613,814$2,157,795$45,238,872
99$106,662,848$7,783,353$2,026,543$49,439,333
100$117,332,508$7,954,787$1,884,482$54,059,932