Can I retire at age 59 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$212,228$210,338$208,493$206,693$204,935$203,049
2 years$105,063$103,107$101,210$99,372$97,588$95,687
3 years$69,347$67,381$65,490$63,668$61,914$60,058
4 years$51,492$49,532$47,660$45,870$44,158$42,361
5 years$40,781$38,834$36,986$35,232$33,568$31,835
6 years$33,644$31,711$29,890$28,175$26,561$24,895
7 years$28,547$26,631$24,839$23,165$21,601$20,002
8 years$24,727$22,828$21,065$19,432$17,920$16,388
9 years$21,757$19,875$18,144$16,552$15,092$13,626
10 years$19,382$17,519$15,818$14,268$12,859$11,459
11 years$17,440$15,596$13,926$12,417$11,059$9,724
12 years$15,824$13,998$12,359$10,892$9,583$8,312
13 years$14,457$12,650$11,042$9,616$8,357$7,147
14 years$13,286$11,499$9,921$8,536$7,326$6,176
15 years$12,272$10,505$8,957$7,612$6,450$5,360
16 years$11,386$9,638$8,121$6,816$5,701$4,667
17 years$10,605$8,876$7,390$6,124$5,055$4,076
18 years$9,912$8,202$6,746$5,519$4,494$3,569
19 years$9,292$7,601$6,176$4,987$4,006$3,132
20 years$8,735$7,064$5,668$4,517$3,578$2,753
21 years$8,231$6,579$5,213$4,099$3,202$2,425
22 years$7,774$6,142$4,805$3,727$2,870$2,138
23 years$7,358$5,744$4,436$3,394$2,576$1,888
24 years$6,976$5,382$4,103$3,096$2,316$1,669
25 years$6,626$5,051$3,800$2,827$2,084$1,477
26 years$6,303$4,747$3,524$2,585$1,877$1,308
27 years$6,005$4,467$3,273$2,366$1,692$1,159
28 years$5,728$4,209$3,042$2,168$1,527$1,028
29 years$5,471$3,971$2,831$1,988$1,379$912
30 years$5,231$3,750$2,637$1,825$1,246$809
31 years$5,008$3,545$2,459$1,676$1,126$719
32 years$4,799$3,355$2,294$1,540$1,019$639
33 years$4,602$3,177$2,142$1,416$922$568
34 years$4,418$3,011$2,001$1,303$835$505
35 years$4,245$2,856$1,871$1,199$756$449
36 years$4,082$2,711$1,750$1,105$685$399
37 years$3,928$2,574$1,638$1,018$621$355
38 years$3,782$2,447$1,534$938$563$316
39 years$3,644$2,327$1,437$865$510$281
40 years$3,514$2,213$1,347$798$463$250
41 years$3,390$2,107$1,263$736$420$223
42 years$3,272$2,007$1,185$679$381$198
43 years$3,160$1,912$1,112$627$346$177
44 years$3,054$1,822$1,044$579$314$157
45 years$2,952$1,738$980$535$285$140
46 years$2,855$1,658$920$494$259$125
47 years$2,763$1,582$865$456$235$111
48 years$2,674$1,510$813$422$213$99
49 years$2,590$1,442$764$390$194$88
50 years$2,509$1,378$718$360$176$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,570,000, adding $6,040 every year, while hoping to spend $45,706 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: 72/8/20 Blend
58$2,570,000$2,570,000$2,570,000$2,570,000
59$2,838,370$2,702,160$2,662,325$3,028,621
60$3,079,253$2,785,935$2,702,882$3,239,772
61$3,343,174$2,872,283$2,743,266$3,464,900
62$3,632,435$2,961,282$2,783,423$3,710,313
63$3,949,571$3,053,013$2,823,295$3,978,018
64$4,297,373$3,147,556$2,862,821$4,270,224
65$4,678,917$3,244,998$2,901,937$4,589,364
66$5,097,590$3,345,426$2,940,575$4,938,121
67$5,557,122$3,448,930$2,978,662$5,319,445
68$6,061,623$3,555,602$3,016,122$5,736,591
69$6,615,619$3,665,538$3,052,874$6,193,142
70$7,224,099$3,778,835$3,088,831$6,693,044
71$7,892,554$3,895,596$3,123,904$7,240,647
72$8,627,037$4,015,922$3,157,998$7,840,742
73$9,434,215$4,139,923$3,191,011$8,498,606
74$10,321,433$4,267,706$3,222,837$9,220,054
75$11,296,781$4,399,387$3,253,365$10,011,495
76$12,369,177$4,535,080$3,282,476$10,879,986
77$13,548,440$4,674,906$3,310,046$11,833,305
78$14,845,393$4,818,989$3,335,945$12,880,022
79$16,271,958$4,967,454$3,360,034$14,029,579
80$17,841,271$5,120,433$3,382,168$15,292,380
81$19,567,805$5,278,059$3,402,196$16,679,888
82$21,467,508$5,440,470$3,419,956$18,204,736
83$23,557,950$5,607,809$3,435,280$19,880,842
84$25,858,491$5,780,222$3,447,992$21,723,542
85$28,390,462$5,957,858$3,457,905$23,749,737
86$31,177,368$6,140,872$3,464,824$25,978,048
87$34,245,107$6,329,423$3,468,544$28,428,995
88$37,622,217$6,523,673$3,468,849$31,125,192
89$41,340,142$6,723,792$3,465,513$34,091,553
90$45,433,529$6,929,950$3,458,301$37,355,537
91$49,940,557$7,142,326$3,446,962$40,947,399
92$54,903,296$7,361,102$3,431,238$44,900,481
93$60,368,102$7,586,466$3,410,853$49,251,522
94$66,386,055$7,818,609$3,385,523$54,041,011
95$73,013,441$8,057,730$3,354,948$59,313,561
96$80,312,286$8,304,032$3,318,812$65,118,338
97$88,350,934$8,557,725$3,276,787$71,509,520
98$97,204,698$8,819,022$3,228,528$78,546,809
99$106,956,568$9,088,145$3,173,675$86,295,998
100$117,697,994$9,365,320$3,111,849$94,829,588