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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$223,789$221,796$219,851$217,953$216,099$207,443
2 years$110,787$108,723$106,724$104,785$102,904$94,292
3 years$73,124$71,052$69,057$67,137$65,287$56,990
4 years$54,297$52,231$50,256$48,368$46,563$38,644
5 years$43,003$40,950$39,001$37,151$35,397$27,876
6 years$35,476$33,438$31,518$29,710$28,008$20,891
7 years$30,102$28,081$26,192$24,426$22,778$16,061
8 years$26,074$24,071$22,213$20,491$18,897$12,573
9 years$22,942$20,958$19,132$17,454$15,914$9,974
10 years$20,438$18,474$16,680$15,045$13,559$7,991
11 years$18,391$16,446$14,684$13,094$11,661$6,452
12 years$16,686$14,761$13,032$11,485$10,106$5,241
13 years$15,244$13,340$11,643$10,140$8,812$4,277
14 years$14,010$12,125$10,462$9,001$7,725$3,504
15 years$12,941$11,077$9,445$8,027$6,801$2,880
16 years$12,006$10,163$8,564$7,187$6,011$2,372
17 years$11,183$9,359$7,793$6,458$5,330$1,958
18 years$10,451$8,649$7,114$5,820$4,739$1,619
19 years$9,798$8,015$6,512$5,259$4,224$1,341
20 years$9,210$7,448$5,977$4,763$3,773$1,111
21 years$8,680$6,938$5,497$4,322$3,376$922
22 years$8,198$6,476$5,067$3,930$3,026$765
23 years$7,758$6,057$4,678$3,579$2,717$636
24 years$7,356$5,675$4,326$3,264$2,442$529
25 years$6,987$5,326$4,007$2,981$2,197$440
26 years$6,646$5,005$3,716$2,726$1,979$366
27 years$6,332$4,711$3,451$2,495$1,784$304
28 years$6,040$4,439$3,208$2,286$1,610$253
29 years$5,769$4,187$2,985$2,096$1,454$211
30 years$5,516$3,955$2,781$1,924$1,314$176
31 years$5,281$3,738$2,593$1,767$1,188$146
32 years$5,060$3,537$2,419$1,624$1,074$122
33 years$4,853$3,350$2,259$1,493$972$101
34 years$4,659$3,175$2,110$1,374$880$84
35 years$4,476$3,011$1,973$1,265$797$70
36 years$4,304$2,858$1,846$1,165$722$59
37 years$4,142$2,715$1,727$1,073$655$49
38 years$3,988$2,580$1,618$989$594$41
39 years$3,843$2,453$1,516$912$538$34
40 years$3,705$2,334$1,421$841$488$28
41 years$3,574$2,222$1,332$776$443$24
42 years$3,450$2,116$1,250$716$402$20
43 years$3,332$2,016$1,172$661$365$16
44 years$3,220$1,922$1,101$611$331$14
45 years$3,113$1,833$1,033$564$301$11
46 years$3,011$1,748$971$521$273$9
47 years$2,913$1,668$912$481$248$8
48 years$2,820$1,593$857$445$225$7
49 years$2,731$1,521$805$411$204$5
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 $3,282 every year, while hoping to spend $56,158 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: 45/30/25 Blend
58$2,710,000$2,710,000$2,710,000$2,710,000
59$2,989,805$2,846,175$2,804,170$3,102,630
60$3,235,014$2,925,886$2,838,358$3,262,502
61$3,503,351$3,007,621$2,871,810$3,430,065
62$3,797,118$3,091,419$2,904,440$3,610,680
63$4,118,846$3,177,321$2,936,161$3,805,592
64$4,471,325$3,265,366$2,966,878$4,016,173
65$4,857,625$3,355,594$2,996,494$4,243,934
66$5,281,131$3,448,046$3,024,905$4,490,537
67$5,745,567$3,542,761$3,051,999$4,757,814
68$6,255,037$3,639,778$3,077,663$5,047,784
69$6,814,060$3,739,137$3,101,775$5,362,668
70$7,427,616$3,840,876$3,124,206$5,704,915
71$8,101,188$3,945,034$3,144,822$6,077,222
72$8,840,816$4,051,649$3,163,481$6,482,559
73$9,653,157$4,160,756$3,180,035$6,924,200
74$10,545,539$4,272,393$3,194,326$7,405,751
75$11,526,038$4,386,595$3,206,190$7,931,186
76$12,603,551$4,503,395$3,215,455$8,504,882
77$13,787,879$4,622,828$3,221,938$9,131,664
78$15,089,820$4,744,923$3,225,450$9,816,847
79$16,521,269$4,869,712$3,225,791$10,566,289
80$18,095,333$4,997,223$3,222,749$11,386,443
81$19,826,452$5,127,481$3,216,106$12,284,422
82$21,730,535$5,260,513$3,205,631$13,268,064
83$23,825,111$5,396,339$3,191,080$14,346,006
84$26,129,492$5,534,980$3,172,202$15,527,766
85$28,664,958$5,676,451$3,148,728$16,823,834
86$31,454,955$5,820,769$3,120,382$18,245,767
87$34,525,315$5,967,942$3,086,870$19,806,307
88$37,904,505$6,117,978$3,047,887$21,519,491
89$41,623,886$6,270,880$3,003,113$23,400,791
90$45,718,017$6,426,648$2,952,212$25,467,259
91$50,224,977$6,585,277$2,894,834$27,737,685
92$55,186,725$6,746,755$2,830,610$30,232,778
93$60,649,493$6,911,068$2,759,158$32,975,363
94$66,664,225$7,078,195$2,680,074$35,990,592
95$73,287,058$7,248,108$2,592,938$39,306,185
96$80,579,846$7,420,774$2,497,310$42,952,693
97$88,610,751$7,596,152$2,392,730$46,963,786
98$97,454,878$7,774,194$2,278,717$51,376,569
99$107,194,990$7,954,843$2,154,768$56,231,938
100$117,922,284$8,138,036$2,020,358$61,574,960