Can I retire at age 59 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$208,099$206,246$204,437$202,672$200,948$196,011
2 years$103,019$101,101$99,241$97,438$95,690$90,746
3 years$67,997$66,070$64,216$62,430$60,709$55,914
4 years$50,490$48,569$46,733$44,977$43,299$38,688
5 years$39,988$38,079$36,266$34,547$32,915$28,502
6 years$32,989$31,094$29,309$27,627$26,044$21,834
7 years$27,992$26,113$24,356$22,714$21,181$17,173
8 years$24,246$22,383$20,655$19,054$17,572$13,765
9 years$21,333$19,489$17,791$16,230$14,798$11,189
10 years$19,005$17,178$15,510$13,990$12,609$9,193
11 years$17,101$15,293$13,655$12,176$10,844$7,617
12 years$15,516$13,726$12,118$10,680$9,397$6,354
13 years$14,175$12,404$10,827$9,429$8,194$5,328
14 years$13,027$11,275$9,728$8,370$7,183$4,488
15 years$12,033$10,300$8,783$7,464$6,325$3,794
16 years$11,165$9,450$7,963$6,683$5,590$3,217
17 years$10,399$8,703$7,246$6,005$4,956$2,735
18 years$9,719$8,042$6,615$5,412$4,407$2,330
19 years$9,111$7,453$6,056$4,890$3,928$1,988
20 years$8,565$6,926$5,558$4,429$3,508$1,699
21 years$8,071$6,451$5,112$4,019$3,140$1,454
22 years$7,623$6,022$4,711$3,655$2,814$1,245
23 years$7,214$5,632$4,350$3,328$2,526$1,068
24 years$6,840$5,277$4,023$3,036$2,271$916
25 years$6,497$4,952$3,726$2,772$2,043$787
26 years$6,180$4,654$3,456$2,535$1,840$676
27 years$5,888$4,380$3,209$2,320$1,659$581
28 years$5,617$4,128$2,983$2,126$1,497$499
29 years$5,364$3,894$2,776$1,949$1,352$430
30 years$5,130$3,677$2,586$1,789$1,222$370
31 years$4,910$3,476$2,411$1,643$1,104$318
32 years$4,705$3,289$2,249$1,510$999$274
33 years$4,513$3,115$2,100$1,389$904$236
34 years$4,332$2,952$1,962$1,278$819$203
35 years$4,162$2,800$1,835$1,176$741$175
36 years$4,002$2,658$1,716$1,083$672$151
37 years$3,851$2,524$1,606$998$609$130
38 years$3,708$2,399$1,504$920$552$112
39 years$3,573$2,281$1,409$848$501$96
40 years$3,445$2,170$1,321$782$454$83
41 years$3,324$2,066$1,239$722$412$72
42 years$3,208$1,968$1,162$666$374$62
43 years$3,099$1,875$1,090$615$339$53
44 years$2,994$1,787$1,023$568$308$46
45 years$2,895$1,704$961$524$280$39
46 years$2,800$1,626$903$484$254$34
47 years$2,709$1,551$848$447$230$29
48 years$2,622$1,481$797$414$209$25
49 years$2,540$1,414$749$382$190$22
50 years$2,460$1,351$704$353$173$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,520,000, adding $2,590 every year, while hoping to spend $28,867 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: 63/28/9 Blend
58$2,520,000$2,520,000$2,520,000$2,520,000
59$2,779,712$2,646,152$2,607,092$2,949,352
60$3,032,528$2,745,099$2,663,715$3,161,906
61$3,310,164$2,847,927$2,721,268$3,390,292
62$3,615,121$2,954,795$2,779,750$3,638,922
63$3,950,154$3,065,871$2,839,163$3,909,757
64$4,318,299$3,181,328$2,899,504$4,204,955
65$4,722,899$3,301,347$2,960,771$4,526,893
66$5,167,639$3,426,117$3,022,961$4,878,181
67$5,656,576$3,555,835$3,086,068$5,261,696
68$6,194,184$3,690,707$3,150,088$5,680,602
69$6,785,387$3,830,949$3,215,013$6,138,382
70$7,435,614$3,976,783$3,280,833$6,638,869
71$8,150,845$4,128,443$3,347,539$7,186,282
72$8,937,668$4,286,174$3,415,119$7,785,267
73$9,803,344$4,450,230$3,483,559$8,440,938
74$10,755,871$4,620,877$3,552,844$9,158,923
75$11,804,062$4,798,393$3,622,957$9,945,423
76$12,957,628$4,983,065$3,693,877$10,807,261
77$14,227,268$5,175,198$3,765,584$11,751,953
78$15,624,773$5,375,106$3,838,055$12,787,775
79$17,163,132$5,583,119$3,911,262$13,923,840
80$18,856,660$5,799,580$3,985,178$15,170,184
81$20,721,129$6,024,848$4,059,770$16,537,860
82$22,773,917$6,259,300$4,135,006$18,039,041
83$25,034,176$6,503,325$4,210,849$19,687,133
84$27,523,008$6,757,333$4,287,257$21,496,903
85$30,263,663$7,021,751$4,364,189$23,484,616
86$33,281,764$7,297,024$4,441,597$25,668,186
87$36,605,545$7,583,619$4,519,431$28,067,348
88$40,266,116$7,882,022$4,597,637$30,703,838
89$44,297,759$8,192,741$4,676,158$33,601,602
90$48,738,252$8,516,306$4,754,931$36,787,016
91$53,629,222$8,853,274$4,833,889$40,289,138
92$59,016,541$9,204,222$4,912,963$44,139,979
93$64,950,756$9,569,757$4,992,075$48,374,802
94$71,487,569$9,950,510$5,071,145$53,032,457
95$78,688,359$10,347,144$5,150,086$58,155,744
96$86,620,765$10,760,347$5,228,808$63,791,817
97$95,359,322$11,190,843$5,307,211$69,992,625
98$104,986,164$11,639,385$5,385,194$76,815,402
99$115,591,799$12,106,762$5,462,644$84,323,207
100$127,275,966$12,593,797$5,539,447$92,585,515