Can I retire at age 59 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$209,751$207,882$206,060$204,280$202,543$198,861
2 years$103,837$101,903$100,029$98,212$96,449$92,752
3 years$68,537$66,595$64,725$62,925$61,191$57,595
4 years$50,891$48,954$47,103$45,334$43,642$40,174
5 years$40,305$38,381$36,554$34,821$33,176$29,847
6 years$33,251$31,341$29,541$27,847$26,251$23,064
7 years$28,214$26,320$24,549$22,894$21,349$18,305
8 years$24,438$22,561$20,819$19,205$17,711$14,809
9 years$21,503$19,643$17,932$16,359$14,915$12,154
10 years$19,156$17,315$15,633$14,101$12,709$10,085
11 years$17,237$15,414$13,763$12,272$10,930$8,442
12 years$15,639$13,835$12,215$10,765$9,472$7,115
13 years$14,288$12,503$10,913$9,503$8,259$6,031
14 years$13,131$11,365$9,805$8,436$7,240$5,136
15 years$12,129$10,382$8,853$7,524$6,375$4,390
16 years$11,253$9,525$8,026$6,737$5,634$3,765
17 years$10,481$8,772$7,304$6,053$4,996$3,237
18 years$9,796$8,106$6,667$5,455$4,442$2,790
19 years$9,183$7,513$6,104$4,929$3,959$2,409
20 years$8,633$6,981$5,602$4,464$3,536$2,084
21 years$8,135$6,503$5,152$4,051$3,165$1,805
22 years$7,683$6,070$4,749$3,684$2,837$1,566
23 years$7,272$5,677$4,385$3,355$2,546$1,359
24 years$6,895$5,319$4,055$3,060$2,289$1,181
25 years$6,549$4,992$3,756$2,794$2,059$1,027
26 years$6,229$4,691$3,483$2,555$1,855$894
27 years$5,934$4,415$3,235$2,339$1,673$778
28 years$5,661$4,160$3,007$2,143$1,509$678
29 years$5,407$3,925$2,798$1,965$1,363$591
30 years$5,170$3,707$2,606$1,803$1,231$515
31 years$4,949$3,504$2,430$1,656$1,113$449
32 years$4,743$3,315$2,267$1,522$1,007$392
33 years$4,549$3,140$2,117$1,400$911$342
34 years$4,367$2,976$1,978$1,288$825$298
35 years$4,195$2,822$1,849$1,185$747$261
36 years$4,034$2,679$1,730$1,092$677$228
37 years$3,882$2,544$1,619$1,006$614$199
38 years$3,738$2,418$1,516$927$556$174
39 years$3,602$2,299$1,421$855$505$152
40 years$3,473$2,188$1,331$789$458$132
41 years$3,350$2,082$1,248$728$415$116
42 years$3,234$1,983$1,171$671$377$101
43 years$3,123$1,890$1,099$620$342$88
44 years$3,018$1,801$1,032$572$310$77
45 years$2,918$1,718$969$529$282$67
46 years$2,822$1,639$910$488$256$59
47 years$2,731$1,564$855$451$232$51
48 years$2,643$1,493$803$417$211$45
49 years$2,560$1,425$755$385$192$39
50 years$2,480$1,362$710$356$174$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,540,000, adding $4,765 every year, while hoping to spend $54,676 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: 58/26/16 Blend
58$2,540,000$2,540,000$2,540,000$2,540,000
59$2,803,995$2,669,375$2,630,005$2,954,765
60$3,031,828$2,742,000$2,659,935$3,130,018
61$3,281,067$2,816,350$2,689,036$3,314,553
62$3,553,838$2,892,454$2,717,221$3,514,461
63$3,852,482$2,970,337$2,744,401$3,731,229
64$4,179,577$3,050,025$2,770,479$3,966,497
65$4,537,961$3,131,543$2,795,357$4,222,069
66$4,930,760$3,214,915$2,818,929$4,499,932
67$5,361,417$3,300,166$2,841,083$4,802,276
68$5,833,724$3,387,317$2,861,702$5,131,511
69$6,351,858$3,476,390$2,880,663$5,490,293
70$6,920,420$3,567,405$2,897,837$5,881,545
71$7,544,476$3,660,381$2,913,088$6,308,489
72$8,229,608$3,755,335$2,926,272$6,774,675
73$8,981,964$3,852,283$2,937,239$7,284,012
74$9,808,319$3,951,239$2,945,830$7,840,807
75$10,716,133$4,052,215$2,951,881$8,449,804
76$11,713,625$4,155,221$2,955,216$9,116,233
77$12,809,853$4,260,264$2,955,653$9,845,851
78$14,014,790$4,367,350$2,953,000$10,645,007
79$15,339,429$4,476,480$2,947,056$11,520,692
80$16,795,877$4,587,654$2,937,609$12,480,610
81$18,397,476$4,700,868$2,924,438$13,533,252
82$20,158,923$4,816,115$2,907,312$14,687,970
83$22,096,412$4,933,384$2,885,985$15,955,073
84$24,227,786$5,052,659$2,860,205$17,345,919
85$26,572,702$5,173,921$2,829,704$18,873,023
86$29,152,820$5,297,146$2,794,202$20,550,176
87$31,992,006$5,422,305$2,753,406$22,392,577
88$35,116,556$5,549,362$2,707,010$24,416,973
89$38,555,442$5,678,279$2,654,692$26,641,818
90$42,340,590$5,809,008$2,596,118$29,087,451
91$46,507,177$5,941,496$2,530,934$31,776,281
92$51,093,963$6,075,683$2,458,774$34,733,008
93$56,143,657$6,211,502$2,379,253$37,984,846
94$61,703,321$6,348,876$2,291,969$41,561,788
95$67,824,810$6,487,721$2,196,500$45,496,888
96$74,565,265$6,627,944$2,092,408$49,826,568
97$81,987,650$6,769,441$1,979,231$54,590,969
98$90,161,345$6,912,098$1,856,490$59,834,325
99$99,162,801$7,055,790$1,723,682$65,605,386
100$109,076,264$7,200,381$1,580,282$71,957,873