Can I retire at age 59 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$213,880$211,975$210,116$208,302$206,530$201,129
2 years$105,881$103,909$101,998$100,145$98,348$92,943
3 years$69,886$67,906$65,999$64,164$62,396$57,157
4 years$51,892$49,918$48,031$46,226$44,501$39,468
5 years$41,099$39,136$37,274$35,506$33,829$29,016
6 years$33,905$31,958$30,123$28,395$26,768$22,179
7 years$28,769$26,838$25,032$23,345$21,769$17,405
8 years$24,919$23,005$21,229$19,583$18,060$13,918
9 years$21,926$20,030$18,285$16,681$15,209$11,286
10 years$19,533$17,656$15,941$14,379$12,959$9,250
11 years$17,576$15,718$14,034$12,514$11,145$7,645
12 years$15,947$14,107$12,455$10,976$9,658$6,360
13 years$14,569$12,749$11,128$9,691$8,422$5,319
14 years$13,389$11,588$9,998$8,602$7,383$4,468
15 years$12,368$10,586$9,027$7,672$6,500$3,767
16 years$11,475$9,713$8,184$6,869$5,745$3,185
17 years$10,688$8,945$7,448$6,172$5,094$2,699
18 years$9,989$8,266$6,799$5,562$4,529$2,293
19 years$9,364$7,660$6,224$5,026$4,037$1,951
20 years$8,803$7,118$5,712$4,552$3,606$1,662
21 years$8,295$6,631$5,254$4,131$3,227$1,418
22 years$7,835$6,189$4,842$3,756$2,892$1,211
23 years$7,415$5,789$4,471$3,421$2,596$1,035
24 years$7,030$5,424$4,135$3,120$2,334$885
25 years$6,677$5,090$3,830$2,849$2,100$757
26 years$6,352$4,784$3,552$2,605$1,892$649
27 years$6,051$4,502$3,298$2,385$1,705$556
28 years$5,773$4,242$3,066$2,185$1,539$476
29 years$5,513$4,002$2,853$2,004$1,390$408
30 years$5,272$3,780$2,658$1,839$1,256$350
31 years$5,047$3,573$2,478$1,689$1,135$300
32 years$4,836$3,381$2,312$1,552$1,027$258
33 years$4,638$3,202$2,159$1,427$929$221
34 years$4,453$3,034$2,017$1,313$841$190
35 years$4,278$2,878$1,886$1,209$762$163
36 years$4,114$2,732$1,764$1,113$690$140
37 years$3,958$2,594$1,651$1,026$626$120
38 years$3,811$2,466$1,546$945$567$103
39 years$3,673$2,345$1,448$872$514$89
40 years$3,541$2,231$1,358$804$467$76
41 years$3,416$2,123$1,273$742$423$65
42 years$3,297$2,022$1,194$685$384$56
43 years$3,185$1,927$1,121$632$349$48
44 years$3,077$1,837$1,052$584$316$41
45 years$2,975$1,751$988$539$287$36
46 years$2,877$1,671$928$498$261$31
47 years$2,784$1,594$871$460$237$26
48 years$2,695$1,522$819$425$215$23
49 years$2,610$1,454$770$393$195$19
50 years$2,529$1,388$724$363$177$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,590,000, adding $4,239 every year, while hoping to spend $59,612 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: 60/14/26 Blend
58$2,590,000$2,590,000$2,590,000$2,590,000
59$2,858,553$2,721,283$2,681,138$3,009,835
60$3,086,698$2,791,199$2,707,529$3,183,250
61$3,336,117$2,862,543$2,732,807$3,365,589
62$3,608,915$2,935,322$2,756,870$3,563,275
63$3,907,413$3,009,541$2,779,614$3,777,817
64$4,234,165$3,085,205$2,800,927$4,010,873
65$4,591,984$3,162,314$2,820,692$4,264,272
66$4,983,968$3,240,868$2,838,786$4,540,029
67$5,413,527$3,320,865$2,855,080$4,840,365
68$5,884,419$3,402,300$2,869,437$5,167,726
69$6,400,781$3,485,164$2,881,715$5,524,810
70$6,967,171$3,569,447$2,891,763$5,914,588
71$7,588,608$3,655,136$2,899,422$6,340,334
72$8,270,622$3,742,213$2,904,529$6,805,657
73$9,019,302$3,830,659$2,906,907$7,314,535
74$9,841,357$3,920,448$2,906,375$7,871,351
75$10,744,178$4,011,552$2,902,742$8,480,936
76$11,735,906$4,103,939$2,895,804$9,148,615
77$12,825,507$4,197,572$2,885,353$9,880,254
78$14,022,863$4,292,407$2,871,167$10,682,321
79$15,338,858$4,388,398$2,853,014$11,561,944
80$16,785,483$4,485,490$2,830,651$12,526,979
81$18,375,948$4,583,626$2,803,824$13,586,083
82$20,124,809$4,682,737$2,772,266$14,748,800
83$22,048,101$4,782,753$2,735,698$16,025,646
84$24,163,491$4,883,591$2,693,828$17,428,213
85$26,490,445$4,985,165$2,646,349$18,969,277
86$29,050,411$5,087,378$2,592,942$20,662,919
87$31,867,017$5,190,125$2,533,271$22,524,658
88$34,966,302$5,293,290$2,466,984$24,571,599
89$38,376,953$5,396,749$2,393,716$26,822,593
90$42,130,579$5,500,367$2,313,082$29,298,417
91$46,262,009$5,603,995$2,224,681$32,021,972
92$50,809,619$5,707,476$2,128,093$35,018,496
93$55,815,695$5,810,638$2,022,879$38,315,806
94$61,326,831$5,913,294$1,908,581$41,944,559
95$67,394,368$6,015,246$1,784,719$45,938,544
96$74,074,878$6,116,277$1,650,791$50,335,001
97$81,430,698$6,216,157$1,506,275$55,174,973
98$89,530,517$6,314,637$1,350,623$60,503,695
99$98,450,026$6,411,450$1,183,265$66,371,019
100$108,272,627$6,506,309$1,003,603$72,831,891