Can I retire at age 59 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$205,622$203,790$202,003$200,259$198,556$192,431
2 years$101,793$99,897$98,060$96,278$94,551$88,434
3 years$67,188$65,284$63,451$61,687$59,987$54,069
4 years$49,889$47,991$46,176$44,442$42,783$37,111
5 years$39,512$37,625$35,835$34,135$32,523$27,111
6 years$32,596$30,724$28,960$27,298$25,734$20,587
7 years$27,659$25,802$24,066$22,444$20,929$16,046
8 years$23,957$22,117$20,410$18,827$17,363$12,741
9 years$21,079$19,257$17,579$16,037$14,622$10,257
10 years$18,779$16,974$15,326$13,824$12,458$8,344
11 years$16,898$15,111$13,492$12,031$10,715$6,843
12 years$15,331$13,563$11,974$10,553$9,285$5,648
13 years$14,007$12,257$10,698$9,316$8,097$4,686
14 years$12,872$11,141$9,612$8,270$7,098$3,904
15 years$11,890$10,178$8,679$7,375$6,249$3,263
16 years$11,032$9,338$7,868$6,604$5,523$2,735
17 years$10,275$8,600$7,160$5,934$4,897$2,298
18 years$9,603$7,946$6,536$5,347$4,354$1,935
19 years$9,002$7,365$5,984$4,832$3,881$1,631
20 years$8,463$6,844$5,491$4,376$3,467$1,377
21 years$7,975$6,375$5,051$3,972$3,102$1,164
22 years$7,532$5,950$4,655$3,611$2,781$985
23 years$7,129$5,565$4,298$3,289$2,496$834
24 years$6,759$5,214$3,975$2,999$2,244$706
25 years$6,420$4,893$3,682$2,739$2,019$599
26 years$6,107$4,599$3,415$2,505$1,819$508
27 years$5,818$4,328$3,171$2,293$1,640$431
28 years$5,550$4,078$2,948$2,100$1,479$366
29 years$5,301$3,848$2,743$1,926$1,336$310
30 years$5,069$3,634$2,555$1,768$1,207$264
31 years$4,852$3,435$2,382$1,624$1,091$224
32 years$4,649$3,250$2,223$1,492$987$190
33 years$4,459$3,078$2,075$1,372$893$162
34 years$4,281$2,917$1,939$1,262$809$137
35 years$4,113$2,767$1,813$1,162$733$117
36 years$3,955$2,626$1,696$1,070$664$99
37 years$3,805$2,494$1,587$986$602$84
38 years$3,664$2,370$1,486$909$545$72
39 years$3,531$2,254$1,393$838$495$61
40 years$3,404$2,145$1,305$773$449$52
41 years$3,284$2,041$1,224$713$407$44
42 years$3,170$1,944$1,148$658$369$37
43 years$3,062$1,852$1,077$608$335$32
44 years$2,958$1,766$1,011$561$304$27
45 years$2,860$1,684$950$518$276$23
46 years$2,766$1,606$892$479$251$20
47 years$2,677$1,533$838$442$228$17
48 years$2,591$1,463$787$409$207$14
49 years$2,509$1,397$740$378$188$12
50 years$2,431$1,335$696$349$171$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,490,000, adding $3,649 every year, while hoping to spend $45,928 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: 45/36/19 Blend
58$2,490,000$2,490,000$2,490,000$2,490,000
59$2,747,744$2,615,774$2,577,179$2,856,232
60$2,979,147$2,695,080$2,614,647$3,011,970
61$3,232,613$2,776,732$2,651,832$3,175,909
62$3,510,346$2,860,798$2,688,674$3,352,728
63$3,814,769$2,947,345$2,725,113$3,543,645
64$4,148,554$3,036,444$2,761,082$3,749,998
65$4,514,643$3,128,166$2,796,515$3,973,258
66$4,916,275$3,222,584$2,831,336$4,215,047
67$5,357,019$3,319,775$2,865,471$4,477,148
68$5,840,807$3,419,816$2,898,836$4,761,523
69$6,371,968$3,522,786$2,931,346$5,070,334
70$6,955,273$3,628,767$2,962,910$5,405,957
71$7,595,976$3,737,841$2,993,432$5,771,013
72$8,299,866$3,850,095$3,022,812$6,168,384
73$9,073,318$3,965,617$3,050,943$6,601,245
74$9,923,360$4,084,495$3,077,713$7,073,091
75$10,857,729$4,206,821$3,103,002$7,587,772
76$11,884,953$4,332,691$3,126,689$8,149,529
77$13,014,425$4,462,200$3,148,640$8,763,029
78$14,256,496$4,595,447$3,168,718$9,433,416
79$15,622,567$4,732,533$3,186,779$10,166,355
80$17,125,203$4,873,561$3,202,671$10,968,084
81$18,778,246$5,018,638$3,216,232$11,845,478
82$20,596,946$5,167,870$3,227,295$12,806,107
83$22,598,109$5,321,370$3,235,684$13,858,311
84$24,800,249$5,479,250$3,241,212$15,011,279
85$27,223,766$5,641,625$3,243,685$16,275,133
86$29,891,141$5,808,615$3,242,898$17,661,025
87$32,827,139$5,980,339$3,238,637$19,181,241
88$36,059,053$6,156,922$3,230,678$20,849,317
89$39,616,954$6,338,489$3,218,783$22,680,168
90$43,533,978$6,525,169$3,202,706$24,690,225
91$47,846,634$6,717,093$3,182,187$26,897,593
92$52,595,156$6,914,395$3,156,956$29,322,221
93$57,823,873$7,117,212$3,126,726$31,986,089
94$63,581,637$7,325,684$3,091,199$34,913,414
95$69,922,274$7,539,952$3,050,064$38,130,883
96$76,905,098$7,760,162$3,002,993$41,667,901
97$84,595,468$7,986,461$2,949,644$45,556,868
98$93,065,407$8,218,999$2,889,659$49,833,487
99$102,394,278$8,457,929$2,822,662$54,537,097
100$112,669,534$8,703,407$2,748,260$59,711,050