Can I retire at age 59 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$199,016$197,243$195,513$193,825$192,177$190,966
2 years$98,523$96,688$94,909$93,185$91,513$90,291
3 years$65,029$63,186$61,413$59,705$58,059$56,865
4 years$48,286$46,449$44,693$43,014$41,408$40,251
5 years$38,243$36,416$34,683$33,039$31,478$30,360
6 years$31,549$29,737$28,029$26,421$24,908$23,831
7 years$26,770$24,973$23,292$21,722$20,256$19,222
8 years$23,187$21,406$19,754$18,222$16,805$15,812
9 years$20,402$18,638$17,014$15,521$14,152$13,201
10 years$18,175$16,429$14,833$13,380$12,058$11,148
11 years$16,355$14,625$13,059$11,644$10,370$9,501
12 years$14,839$13,127$11,589$10,214$8,987$8,157
13 years$13,557$11,863$10,354$9,017$7,837$7,046
14 years$12,459$10,783$9,303$8,004$6,870$6,117
15 years$11,508$9,851$8,400$7,138$6,049$5,333
16 years$10,677$9,038$7,616$6,392$5,346$4,666
17 years$9,945$8,323$6,930$5,743$4,740$4,095
18 years$9,294$7,691$6,326$5,176$4,214$3,603
19 years$8,713$7,128$5,791$4,677$3,756$3,178
20 years$8,191$6,624$5,315$4,236$3,355$2,808
21 years$7,719$6,170$4,889$3,844$3,003$2,486
22 years$7,290$5,759$4,506$3,495$2,691$2,204
23 years$6,899$5,387$4,160$3,183$2,416$1,956
24 years$6,542$5,047$3,848$2,903$2,172$1,738
25 years$6,213$4,736$3,564$2,651$1,954$1,546
26 years$5,911$4,451$3,305$2,424$1,760$1,377
27 years$5,631$4,189$3,069$2,219$1,587$1,227
28 years$5,371$3,947$2,853$2,033$1,432$1,094
29 years$5,130$3,724$2,655$1,864$1,293$976
30 years$4,906$3,517$2,473$1,711$1,168$872
31 years$4,696$3,325$2,306$1,571$1,056$779
32 years$4,500$3,146$2,151$1,444$955$696
33 years$4,316$2,979$2,008$1,328$865$622
34 years$4,143$2,823$1,877$1,222$783$556
35 years$3,981$2,678$1,755$1,125$709$497
36 years$3,828$2,542$1,641$1,036$642$445
37 years$3,683$2,414$1,536$954$582$398
38 years$3,547$2,294$1,439$880$528$357
39 years$3,417$2,182$1,348$811$479$319
40 years$3,295$2,076$1,263$748$434$286
41 years$3,179$1,976$1,185$690$394$256
42 years$3,068$1,882$1,111$637$357$229
43 years$2,963$1,793$1,043$588$324$206
44 years$2,863$1,709$979$543$294$184
45 years$2,768$1,630$919$501$267$165
46 years$2,677$1,555$863$463$243$148
47 years$2,591$1,484$811$428$220$133
48 years$2,508$1,416$762$395$200$119
49 years$2,429$1,353$716$365$182$106
50 years$2,353$1,292$673$338$165$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,410,000, adding $3,114 every year, while hoping to spend $22,490 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: 67/18/15 Blend
58$2,410,000$2,410,000$2,410,000$2,410,000
59$2,659,032$2,531,302$2,493,947$2,827,590
60$2,906,324$2,631,407$2,553,565$3,040,551
61$3,178,086$2,735,663$2,614,427$3,270,386
62$3,476,791$2,844,250$2,676,549$3,521,129
63$3,805,161$2,957,355$2,739,951$3,794,830
64$4,166,197$3,075,176$2,804,650$4,093,742
65$4,563,207$3,197,917$2,870,663$4,420,350
66$4,999,830$3,325,791$2,938,007$4,777,384
67$5,480,082$3,459,024$3,006,699$5,167,853
68$6,008,382$3,597,848$3,076,755$5,595,069
69$6,589,604$3,742,509$3,148,193$6,062,677
70$7,229,113$3,893,262$3,221,027$6,574,690
71$7,932,824$4,050,374$3,295,273$7,135,529
72$8,707,254$4,214,124$3,370,947$7,750,059
73$9,559,582$4,384,804$3,448,061$8,423,639
74$10,497,720$4,562,719$3,526,632$9,162,171
75$11,530,383$4,748,189$3,606,670$9,972,152
76$12,667,178$4,941,546$3,688,190$10,860,739
77$13,918,689$5,143,140$3,771,202$11,835,815
78$15,296,576$5,353,335$3,855,718$12,906,060
79$16,813,690$5,572,512$3,941,748$14,081,036
80$18,484,192$5,801,070$4,029,302$15,371,275
81$20,323,682$6,039,425$4,118,387$16,788,377
82$22,349,355$6,288,015$4,209,010$18,345,119
83$24,580,156$6,547,293$4,301,178$20,055,576
84$27,036,960$6,817,739$4,394,896$21,935,253
85$29,742,771$7,099,849$4,490,166$24,001,229
86$32,722,938$7,394,146$4,586,991$26,272,320
87$36,005,394$7,701,176$4,685,372$28,769,252
88$39,620,919$8,021,508$4,785,306$31,514,859
89$43,603,432$8,355,741$4,886,793$34,534,298
90$47,990,307$8,704,498$4,989,826$37,855,281
91$52,822,733$9,068,433$5,094,399$41,508,341
92$58,146,095$9,448,229$5,200,505$45,527,116
93$64,010,406$9,844,602$5,308,131$49,948,667
94$70,470,779$10,258,299$5,417,265$54,813,824
95$77,587,947$10,690,104$5,527,892$60,167,574
96$85,428,834$11,140,835$5,639,993$66,059,484
97$94,067,189$11,611,350$5,753,547$72,544,163
98$103,584,282$12,102,546$5,868,530$79,681,781
99$114,069,669$12,615,361$5,984,916$87,538,635
100$125,622,038$13,150,777$6,102,674$96,187,772