Can I retire at age 59 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$203,145$201,335$199,570$197,846$196,164$191,733
2 years$100,567$98,694$96,878$95,118$93,411$88,971
3 years$66,378$64,497$62,687$60,943$59,264$54,953
4 years$49,288$47,412$45,620$43,906$42,268$38,119
5 years$39,036$37,172$35,403$33,724$32,131$28,157
6 years$32,204$30,354$28,611$26,970$25,424$21,628
7 years$27,325$25,491$23,776$22,173$20,677$17,060
8 years$23,668$21,850$20,164$18,600$17,153$13,714
9 years$20,825$19,025$17,367$15,843$14,446$11,181
10 years$18,552$16,769$15,141$13,657$12,308$9,215
11 years$16,694$14,929$13,330$11,886$10,586$7,660
12 years$15,146$13,399$11,830$10,426$9,173$6,410
13 years$13,838$12,109$10,569$9,204$7,999$5,394
14 years$12,717$11,007$9,496$8,170$7,012$4,559
15 years$11,747$10,055$8,574$7,287$6,174$3,868
16 years$10,899$9,225$7,774$6,524$5,457$3,291
17 years$10,151$8,496$7,074$5,862$4,838$2,808
18 years$9,487$7,851$6,457$5,283$4,302$2,400
19 years$8,894$7,276$5,911$4,774$3,834$2,056
20 years$8,361$6,761$5,425$4,323$3,425$1,764
21 years$7,879$6,298$4,990$3,924$3,065$1,515
22 years$7,441$5,879$4,599$3,568$2,747$1,303
23 years$7,043$5,498$4,247$3,249$2,466$1,121
24 years$6,678$5,152$3,927$2,963$2,217$966
25 years$6,342$4,834$3,637$2,706$1,995$833
26 years$6,033$4,544$3,374$2,474$1,797$718
27 years$5,748$4,276$3,133$2,265$1,620$620
28 years$5,483$4,029$2,912$2,075$1,462$535
29 years$5,237$3,801$2,710$1,903$1,320$462
30 years$5,007$3,590$2,524$1,746$1,193$399
31 years$4,793$3,394$2,353$1,604$1,078$345
32 years$4,593$3,211$2,196$1,474$975$298
33 years$4,405$3,041$2,050$1,356$883$258
34 years$4,229$2,882$1,916$1,247$799$223
35 years$4,063$2,734$1,791$1,148$724$193
36 years$3,907$2,595$1,675$1,057$656$167
37 years$3,760$2,464$1,568$974$594$144
38 years$3,620$2,342$1,468$898$539$125
39 years$3,488$2,227$1,376$828$489$108
40 years$3,363$2,119$1,290$764$443$94
41 years$3,245$2,017$1,209$705$402$81
42 years$3,132$1,921$1,134$650$365$70
43 years$3,025$1,830$1,064$600$331$61
44 years$2,923$1,744$999$554$301$53
45 years$2,826$1,664$938$512$273$45
46 years$2,733$1,587$881$473$248$39
47 years$2,645$1,514$828$437$225$34
48 years$2,560$1,446$778$404$204$29
49 years$2,479$1,381$731$373$186$26
50 years$2,402$1,319$687$345$169$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,460,000, adding $6,709 every year, while hoping to spend $43,603 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: 42/30/28 Blend
58$2,460,000$2,460,000$2,460,000$2,460,000
59$2,717,840$2,587,460$2,549,330$2,809,461
60$2,948,667$2,667,853$2,588,340$2,956,453
61$3,201,576$2,750,723$2,627,194$3,110,930
62$3,478,775$2,836,146$2,665,843$3,277,396
63$3,782,693$2,924,200$2,704,232$3,456,985
64$4,116,007$3,014,965$2,742,303$3,650,944
65$4,481,664$3,108,523$2,779,995$3,860,646
66$4,882,912$3,204,959$2,817,243$4,087,601
67$5,323,327$3,304,360$2,853,979$4,333,473
68$5,806,849$3,406,816$2,890,129$4,600,091
69$6,337,817$3,512,419$2,925,618$4,889,473
70$6,921,011$3,621,265$2,960,363$5,203,836
71$7,561,699$3,733,452$2,994,280$5,545,626
72$8,265,681$3,849,080$3,027,277$5,917,531
73$9,039,350$3,968,254$3,059,260$6,322,517
74$9,889,745$4,091,080$3,090,127$6,763,846
75$10,824,625$4,217,668$3,119,772$7,245,113
76$11,852,535$4,348,133$3,148,083$7,770,276
77$12,982,892$4,482,590$3,174,942$8,343,697
78$14,226,069$4,621,159$3,200,225$8,970,180
79$15,593,497$4,763,964$3,223,801$9,655,014
80$17,097,768$4,911,132$3,245,532$10,404,029
81$18,752,757$5,062,795$3,265,274$11,223,647
82$20,573,751$5,219,085$3,282,875$12,120,942
83$22,577,597$5,380,143$3,298,173$13,103,707
84$24,782,851$5,546,110$3,311,002$14,180,529
85$27,209,966$5,717,133$3,321,185$15,360,868
86$29,881,473$5,893,363$3,328,535$16,655,148
87$32,822,201$6,074,955$3,332,858$18,074,851
88$36,059,507$6,262,069$3,333,950$19,632,632
89$39,623,535$6,454,869$3,331,596$21,342,433
90$43,547,502$6,653,524$3,325,571$23,219,616
91$47,868,008$6,858,208$3,315,638$25,281,106
92$52,625,383$7,069,099$3,301,551$27,545,556
93$57,864,068$7,286,381$3,283,049$30,033,518
94$63,633,033$7,510,242$3,259,860$32,767,636
95$69,986,236$7,740,879$3,231,700$35,772,866
96$76,983,140$7,978,489$3,198,269$39,076,704
97$84,689,264$8,223,279$3,159,255$42,709,451
98$93,176,809$8,475,460$3,114,331$46,704,496
99$102,525,335$8,735,249$3,063,152$51,098,630
100$112,822,512$9,002,869$3,005,360$55,932,400