Can I retire at age 59 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$208,925$207,064$205,248$203,476$201,746$200,306
2 years$103,428$101,502$99,635$97,825$96,069$94,618
3 years$68,267$66,333$64,471$62,677$60,950$59,532
4 years$50,690$48,762$46,918$45,156$43,470$42,096
5 years$40,147$38,230$36,410$34,684$33,045$31,719
6 years$33,120$31,217$29,425$27,737$26,148$24,871
7 years$28,103$26,216$24,452$22,804$21,265$20,038
8 years$24,342$22,472$20,737$19,130$17,641$16,465
9 years$21,418$19,566$17,861$16,294$14,857$13,730
10 years$19,080$17,247$15,572$14,046$12,659$11,581
11 years$17,169$15,354$13,709$12,224$10,887$9,858
12 years$15,577$13,781$12,167$10,722$9,434$8,453
13 years$14,232$12,454$10,870$9,466$8,227$7,292
14 years$13,079$11,320$9,767$8,403$7,212$6,322
15 years$12,081$10,341$8,818$7,494$6,350$5,504
16 years$11,209$9,488$7,995$6,710$5,612$4,809
17 years$10,440$8,738$7,275$6,029$4,976$4,215
18 years$9,757$8,074$6,641$5,433$4,424$3,704
19 years$9,147$7,483$6,080$4,909$3,943$3,262
20 years$8,599$6,954$5,580$4,446$3,522$2,878
21 years$8,103$6,477$5,132$4,035$3,152$2,544
22 years$7,653$6,046$4,730$3,669$2,825$2,252
23 years$7,243$5,655$4,367$3,342$2,536$1,996
24 years$6,868$5,298$4,039$3,048$2,280$1,771
25 years$6,523$4,972$3,741$2,783$2,051$1,573
26 years$6,205$4,673$3,470$2,545$1,848$1,399
27 years$5,911$4,398$3,222$2,329$1,666$1,244
28 years$5,639$4,144$2,995$2,134$1,503$1,108
29 years$5,386$3,909$2,787$1,957$1,357$987
30 years$5,150$3,692$2,596$1,796$1,226$880
31 years$4,930$3,490$2,420$1,650$1,109$784
32 years$4,724$3,302$2,258$1,516$1,003$700
33 years$4,531$3,127$2,109$1,394$908$625
34 years$4,350$2,964$1,970$1,283$822$558
35 years$4,179$2,811$1,842$1,181$744$498
36 years$4,018$2,668$1,723$1,088$674$445
37 years$3,867$2,534$1,613$1,002$611$397
38 years$3,723$2,409$1,510$924$554$355
39 years$3,587$2,290$1,415$852$503$317
40 years$3,459$2,179$1,326$785$456$284
41 years$3,337$2,074$1,244$725$414$254
42 years$3,221$1,975$1,167$669$375$227
43 years$3,111$1,882$1,095$617$341$203
44 years$3,006$1,794$1,027$570$309$182
45 years$2,906$1,711$965$526$281$162
46 years$2,811$1,632$906$486$255$145
47 years$2,720$1,558$851$449$231$130
48 years$2,633$1,487$800$415$210$116
49 years$2,550$1,420$752$384$191$104
50 years$2,470$1,356$707$355$173$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,530,000, adding $2,204 every year, while hoping to spend $32,236 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: 54/19/27 Blend
58$2,530,000$2,530,000$2,530,000$2,530,000
59$2,790,333$2,656,243$2,617,028$2,919,989
60$3,040,649$2,752,100$2,670,400$3,105,631
61$3,315,415$2,851,574$2,724,479$3,304,135
62$3,617,094$2,954,808$2,779,255$3,519,600
63$3,948,394$3,061,950$2,834,717$3,753,666
64$4,312,302$3,173,156$2,890,851$4,008,135
65$4,712,104$3,288,589$2,947,643$4,284,994
66$5,151,425$3,408,416$3,005,075$4,586,426
67$5,634,255$3,532,813$3,063,130$4,914,838
68$6,164,992$3,661,963$3,121,787$5,272,876
69$6,748,479$3,796,057$3,181,025$5,663,456
70$7,390,053$3,935,294$3,240,819$6,089,785
71$8,095,595$4,079,879$3,301,142$6,555,397
72$8,871,582$4,230,030$3,361,967$7,064,183
73$9,725,152$4,385,971$3,423,262$7,620,425
74$10,664,170$4,547,935$3,484,993$8,228,841
75$11,697,300$4,716,168$3,547,125$8,894,627
76$12,834,088$4,890,924$3,609,617$9,623,502
77$14,085,054$5,072,469$3,672,429$10,421,768
78$15,461,788$5,261,079$3,735,514$11,296,365
79$16,977,062$5,457,042$3,798,824$12,254,936
80$18,644,945$5,660,660$3,862,308$13,305,901
81$20,480,943$5,872,246$3,925,909$14,458,533
82$22,502,141$6,092,128$3,989,569$15,723,049
83$24,727,364$6,320,647$4,053,223$17,110,700
84$27,177,354$6,558,158$4,116,806$18,633,882
85$29,874,969$6,805,033$4,180,244$20,306,253
86$32,845,395$7,061,658$4,243,461$22,142,855
87$36,116,385$7,328,439$4,306,376$24,160,261
88$39,718,519$7,605,795$4,368,903$26,376,730
89$43,685,496$7,894,168$4,430,950$28,812,377
90$48,054,450$8,194,014$4,492,419$31,489,364
91$52,866,296$8,505,814$4,553,208$34,432,107
92$58,166,126$8,830,066$4,613,208$37,667,507
93$64,003,623$9,167,292$4,672,303$41,225,201
94$70,433,539$9,518,036$4,730,371$45,137,846
95$77,516,205$9,882,864$4,787,283$49,441,422
96$85,318,103$10,262,370$4,842,903$54,175,570
97$93,912,496$10,657,172$4,897,086$59,383,971
98$103,380,112$11,067,916$4,949,680$65,114,752
99$113,809,915$11,495,275$5,000,526$71,420,942
100$125,299,936$11,939,953$5,049,453$78,360,972