Can I retire at age 59 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$207,273$205,427$203,626$201,868$200,151$198,806
2 years$102,611$100,700$98,848$97,052$95,310$93,954
3 years$67,728$65,808$63,961$62,182$60,469$59,143
4 years$50,289$48,376$46,547$44,799$43,127$41,842
5 years$39,829$37,927$36,122$34,410$32,784$31,544
6 years$32,858$30,971$29,192$27,518$25,941$24,747
7 years$27,881$26,009$24,259$22,624$21,097$19,949
8 years$24,149$22,295$20,574$18,979$17,502$16,401
9 years$21,249$19,411$17,720$16,166$14,739$13,685
10 years$18,930$17,110$15,449$13,935$12,559$11,550
11 years$17,033$15,232$13,601$12,127$10,801$9,837
12 years$15,454$13,672$12,070$10,637$9,360$8,440
13 years$14,119$12,355$10,784$9,391$8,162$7,286
14 years$12,976$11,230$9,690$8,337$7,155$6,321
15 years$11,986$10,259$8,748$7,435$6,300$5,507
16 years$11,120$9,413$7,932$6,657$5,568$4,815
17 years$10,357$8,669$7,217$5,981$4,937$4,223
18 years$9,680$8,010$6,589$5,390$4,389$3,713
19 years$9,075$7,424$6,032$4,871$3,912$3,273
20 years$8,531$6,899$5,535$4,411$3,495$2,890
21 years$8,039$6,426$5,092$4,003$3,127$2,556
22 years$7,593$5,998$4,693$3,640$2,803$2,264
23 years$7,186$5,610$4,333$3,315$2,516$2,009
24 years$6,813$5,256$4,007$3,024$2,262$1,784
25 years$6,471$4,933$3,711$2,761$2,035$1,585
26 years$6,156$4,636$3,442$2,525$1,833$1,411
27 years$5,864$4,363$3,196$2,311$1,653$1,256
28 years$5,594$4,111$2,971$2,117$1,491$1,119
29 years$5,343$3,878$2,765$1,942$1,347$998
30 years$5,109$3,663$2,576$1,782$1,217$890
31 years$4,891$3,463$2,401$1,637$1,100$794
32 years$4,687$3,276$2,240$1,504$995$709
33 years$4,495$3,103$2,092$1,383$901$633
34 years$4,315$2,941$1,954$1,273$815$566
35 years$4,146$2,789$1,827$1,171$738$506
36 years$3,986$2,647$1,709$1,079$669$452
37 years$3,836$2,514$1,600$994$606$404
38 years$3,694$2,390$1,498$916$550$362
39 years$3,559$2,272$1,404$845$499$324
40 years$3,432$2,162$1,316$779$452$290
41 years$3,311$2,058$1,234$719$410$259
42 years$3,196$1,960$1,157$664$372$232
43 years$3,086$1,867$1,086$612$338$208
44 years$2,982$1,780$1,019$566$307$186
45 years$2,883$1,697$957$522$278$166
46 years$2,789$1,619$899$482$253$149
47 years$2,698$1,545$845$446$230$133
48 years$2,612$1,475$794$412$208$119
49 years$2,530$1,409$746$381$189$107
50 years$2,451$1,346$701$352$172$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,510,000, adding $5,903 every year, while hoping to spend $21,649 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: 85/6/9 Blend
58$2,510,000$2,510,000$2,510,000$2,510,000
59$2,772,109$2,639,079$2,600,174$3,004,029
60$3,031,830$2,745,359$2,664,245$3,262,657
61$3,317,316$2,856,122$2,729,738$3,543,203
62$3,631,174$2,971,564$2,796,675$3,850,755
63$3,976,274$3,091,890$2,865,084$4,188,017
64$4,355,777$3,217,316$2,934,987$4,557,968
65$4,773,168$3,348,066$3,006,411$4,963,887
66$5,232,286$3,484,376$3,079,381$5,409,388
67$5,737,359$3,626,491$3,153,920$5,898,449
68$6,293,049$3,774,668$3,230,056$6,435,455
69$6,904,489$3,929,176$3,307,812$7,025,235
70$7,577,337$4,090,295$3,387,213$7,673,107
71$8,317,826$4,258,320$3,468,286$8,384,931
72$9,132,824$4,433,558$3,551,053$9,167,162
73$10,029,899$4,616,330$3,635,541$10,026,912
74$11,017,390$4,806,971$3,721,773$10,972,016
75$12,104,485$5,005,834$3,809,773$12,011,103
76$13,301,309$5,213,286$3,899,566$13,153,684
77$14,619,016$5,429,711$3,991,176$14,410,234
78$16,069,901$5,655,511$4,084,625$15,792,295
79$17,667,507$5,891,108$4,179,937$17,312,585
80$19,426,762$6,136,941$4,277,133$18,985,113
81$21,364,111$6,393,471$4,376,237$20,825,317
82$23,497,678$6,661,179$4,477,269$22,850,205
83$25,847,434$6,940,569$4,580,250$25,078,518
84$28,435,384$7,232,168$4,685,199$27,530,903
85$31,285,777$7,536,529$4,792,138$30,230,111
86$34,425,335$7,854,227$4,901,083$33,201,211
87$37,883,503$8,185,868$5,012,053$36,471,822
88$41,692,727$8,532,083$5,125,064$40,072,381
89$45,888,763$8,893,533$5,240,132$44,036,421
90$50,511,012$9,270,911$5,357,271$48,400,894
91$55,602,890$9,664,940$5,476,494$53,206,516
92$61,212,242$10,076,379$5,597,814$58,498,153
93$67,391,790$10,506,022$5,721,240$64,325,239
94$74,199,633$10,954,697$5,846,782$70,742,250
95$81,699,793$11,423,275$5,974,447$77,809,210
96$89,962,821$11,912,665$6,104,240$85,592,262
97$99,066,462$12,423,818$6,236,166$94,164,291
98$109,096,389$12,957,733$6,370,224$103,605,609
99$120,147,010$13,515,451$6,506,416$114,004,715
100$132,322,362$14,098,066$6,644,739$125,459,129