Can I retire at age 59 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$214,706$212,793$210,927$209,106$207,328$204,992
2 years$106,290$104,310$102,392$100,532$98,727$96,376
3 years$70,156$68,168$66,254$64,412$62,637$60,343
4 years$52,093$50,111$48,216$46,405$44,673$42,454
5 years$41,257$39,287$37,418$35,643$33,960$31,822
6 years$34,036$32,081$30,239$28,504$26,871$24,818
7 years$28,880$26,942$25,129$23,435$21,853$19,885
8 years$25,015$23,094$21,311$19,659$18,130$16,246
9 years$22,011$20,107$18,355$16,745$15,268$13,468
10 years$19,608$17,724$16,003$14,434$13,009$11,292
11 years$17,644$15,778$14,088$12,562$11,188$9,553
12 years$16,008$14,162$12,503$11,019$9,695$8,140
13 years$14,625$12,798$11,171$9,728$8,455$6,977
14 years$13,441$11,633$10,037$8,635$7,411$6,009
15 years$12,415$10,627$9,062$7,701$6,525$5,197
16 years$11,519$9,750$8,216$6,896$5,767$4,510
17 years$10,729$8,980$7,476$6,196$5,114$3,925
18 years$10,027$8,298$6,825$5,584$4,547$3,424
19 years$9,400$7,690$6,248$5,045$4,053$2,994
20 years$8,837$7,146$5,734$4,569$3,620$2,623
21 years$8,327$6,656$5,274$4,147$3,239$2,301
22 years$7,865$6,213$4,861$3,771$2,904$2,022
23 years$7,443$5,811$4,488$3,434$2,606$1,778
24 years$7,058$5,445$4,151$3,132$2,343$1,566
25 years$6,703$5,110$3,845$2,860$2,108$1,380
26 years$6,377$4,802$3,566$2,615$1,899$1,217
27 years$6,075$4,519$3,311$2,394$1,712$1,074
28 years$5,795$4,259$3,078$2,193$1,545$949
29 years$5,535$4,018$2,864$2,011$1,395$839
30 years$5,292$3,794$2,668$1,846$1,260$741
31 years$5,066$3,587$2,487$1,695$1,140$656
32 years$4,855$3,394$2,321$1,558$1,031$580
33 years$4,656$3,214$2,167$1,433$933$513
34 years$4,470$3,046$2,025$1,318$845$455
35 years$4,295$2,889$1,893$1,213$765$403
36 years$4,129$2,742$1,771$1,118$693$357
37 years$3,974$2,604$1,657$1,030$628$316
38 years$3,826$2,475$1,552$949$570$280
39 years$3,687$2,354$1,454$875$516$248
40 years$3,555$2,239$1,363$807$468$220
41 years$3,429$2,132$1,278$745$425$195
42 years$3,310$2,030$1,199$687$386$173
43 years$3,197$1,934$1,125$634$350$153
44 years$3,089$1,844$1,056$586$318$136
45 years$2,986$1,758$991$541$288$120
46 years$2,889$1,677$931$500$262$107
47 years$2,795$1,601$875$462$238$95
48 years$2,706$1,528$822$427$216$84
49 years$2,620$1,459$773$394$196$75
50 years$2,539$1,394$726$364$178$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,600,000, adding $6,638 every year, while hoping to spend $40,016 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: 58/22/20 Blend
58$2,600,000$2,600,000$2,600,000$2,600,000
59$2,872,047$2,734,247$2,693,947$3,023,021
60$3,122,419$2,825,648$2,741,618$3,217,784
61$3,396,988$2,920,187$2,789,544$3,425,104
62$3,698,180$3,017,975$2,837,692$3,650,240
63$4,028,666$3,119,128$2,886,027$3,894,917
64$4,391,389$3,223,765$2,934,508$4,161,038
65$4,789,592$3,332,011$2,983,096$4,450,694
66$5,226,846$3,443,995$3,031,745$4,766,188
67$5,707,084$3,559,850$3,080,408$5,110,057
68$6,234,640$3,679,716$3,129,035$5,485,091
69$6,814,288$3,803,737$3,177,573$5,894,365
70$7,451,288$3,932,062$3,225,963$6,341,262
71$8,151,432$4,064,846$3,274,146$6,829,510
72$8,921,104$4,202,250$3,322,056$7,363,211
73$9,767,337$4,344,440$3,369,626$7,946,886
74$10,697,879$4,491,591$3,416,781$8,585,512
75$11,721,266$4,643,882$3,463,446$9,284,570
76$12,846,902$4,801,500$3,509,539$10,050,098
77$14,085,151$4,964,638$3,554,973$10,888,746
78$15,447,428$5,133,497$3,599,657$11,807,839
79$16,946,314$5,308,287$3,643,494$12,815,445
80$18,595,669$5,489,224$3,686,382$13,920,454
81$20,410,764$5,676,533$3,728,213$15,132,655
82$22,408,427$5,870,447$3,768,872$16,462,834
83$24,607,197$6,071,210$3,808,240$17,922,873
84$27,027,506$6,279,074$3,846,191$19,525,862
85$29,691,862$6,494,299$3,882,589$21,286,221
86$32,625,071$6,717,159$3,917,294$23,219,839
87$35,854,463$6,947,934$3,950,158$25,344,219
88$39,410,154$7,186,919$3,981,025$27,678,645
89$43,325,330$7,434,419$4,009,730$30,244,365
90$47,636,557$7,690,748$4,036,099$33,064,788
91$52,384,129$7,956,238$4,059,951$36,165,707
92$57,612,445$8,231,229$4,081,094$39,575,539
93$63,370,431$8,516,076$4,099,328$43,325,596
94$69,712,000$8,811,148$4,114,440$47,450,380
95$76,696,558$9,116,829$4,126,208$51,987,903
96$84,389,571$9,433,517$4,134,400$56,980,052
97$92,863,175$9,761,627$4,138,770$62,472,979
98$102,196,861$10,101,589$4,139,061$68,517,538
99$112,478,225$10,453,851$4,135,004$75,169,765
100$123,803,793$10,818,879$4,126,315$82,491,405