Can I retire at age 59 with 2,650,000?

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 $2,650,000?

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$218,835$216,885$214,983$213,127$211,315$209,807
2 years$108,334$106,316$104,361$102,465$100,626$99,106
3 years$71,505$69,479$67,528$65,650$63,841$62,356
4 years$53,094$51,074$49,143$47,297$45,532$44,092
5 years$42,051$40,043$38,137$36,329$34,613$33,223
6 years$34,691$32,698$30,821$29,053$27,388$26,050
7 years$29,436$27,460$25,612$23,886$22,274$20,989
8 years$25,496$23,538$21,721$20,037$18,478$17,246
9 years$22,434$20,494$18,708$17,067$15,561$14,381
10 years$19,985$18,065$16,310$14,712$13,259$12,130
11 years$17,983$16,082$14,359$12,804$11,403$10,325
12 years$16,316$14,434$12,744$11,231$9,882$8,854
13 years$14,907$13,044$11,386$9,915$8,617$7,638
14 years$13,699$11,857$10,230$8,801$7,554$6,622
15 years$12,654$10,831$9,236$7,849$6,651$5,765
16 years$11,740$9,938$8,374$7,028$5,878$5,038
17 years$10,935$9,152$7,620$6,315$5,212$4,415
18 years$10,220$8,457$6,956$5,691$4,634$3,879
19 years$9,581$7,838$6,368$5,142$4,131$3,417
20 years$9,007$7,283$5,844$4,657$3,689$3,015
21 years$8,487$6,784$5,376$4,227$3,302$2,665
22 years$8,016$6,333$4,954$3,843$2,959$2,359
23 years$7,587$5,923$4,575$3,500$2,657$2,091
24 years$7,193$5,549$4,231$3,192$2,388$1,855
25 years$6,832$5,208$3,918$2,915$2,149$1,648
26 years$6,499$4,895$3,634$2,666$1,935$1,465
27 years$6,192$4,606$3,375$2,440$1,745$1,303
28 years$5,906$4,341$3,137$2,235$1,575$1,160
29 years$5,641$4,095$2,919$2,050$1,422$1,034
30 years$5,394$3,867$2,719$1,881$1,285$921
31 years$5,164$3,656$2,535$1,728$1,161$822
32 years$4,948$3,459$2,365$1,588$1,051$733
33 years$4,746$3,276$2,209$1,460$951$654
34 years$4,556$3,105$2,064$1,344$861$584
35 years$4,377$2,945$1,929$1,237$780$522
36 years$4,209$2,795$1,805$1,139$706$466
37 years$4,050$2,655$1,689$1,050$640$416
38 years$3,900$2,523$1,582$967$580$372
39 years$3,758$2,399$1,482$892$526$332
40 years$3,623$2,282$1,389$823$477$297
41 years$3,495$2,173$1,303$759$433$266
42 years$3,374$2,069$1,222$701$393$238
43 years$3,258$1,971$1,147$647$357$213
44 years$3,149$1,879$1,076$597$324$190
45 years$3,044$1,792$1,011$551$294$170
46 years$2,944$1,710$949$509$267$152
47 years$2,849$1,631$892$471$242$136
48 years$2,758$1,557$838$435$220$122
49 years$2,671$1,487$788$402$200$109
50 years$2,587$1,421$740$371$182$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,650,000, adding $6,563 every year, while hoping to spend $48,847 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: 76/17/7 Blend
58$2,650,000$2,650,000$2,650,000$2,650,000
59$2,927,070$2,786,620$2,745,545$3,146,447
60$3,173,658$2,871,191$2,785,548$3,376,126
61$3,443,761$2,958,270$2,825,254$3,620,888
62$3,739,726$3,047,926$2,864,601$3,887,749
63$4,064,138$3,140,234$2,903,524$4,178,881
64$4,419,842$3,235,268$2,941,955$4,496,677
65$4,809,975$3,333,105$2,979,820$4,843,771
66$5,237,990$3,433,825$3,017,041$5,223,065
67$5,707,691$3,537,508$3,053,538$5,637,752
68$6,223,267$3,644,237$3,089,223$6,091,352
69$6,789,333$3,754,098$3,124,005$6,587,736
70$7,410,974$3,867,178$3,157,788$7,131,174
71$8,093,790$3,983,566$3,190,470$7,726,362
72$8,843,951$4,103,355$3,221,945$8,378,479
73$9,668,252$4,226,638$3,252,099$9,093,224
74$10,574,182$4,353,511$3,280,812$9,876,877
75$11,569,990$4,484,074$3,307,960$10,736,356
76$12,664,763$4,618,428$3,333,411$11,679,281
77$13,868,514$4,756,676$3,357,026$12,714,046
78$15,192,274$4,898,925$3,378,658$13,849,898
79$16,648,196$5,045,283$3,398,153$15,097,024
80$18,249,671$5,195,861$3,415,350$16,466,649
81$20,011,452$5,350,773$3,430,079$17,971,135
82$21,949,795$5,510,135$3,442,162$19,624,107
83$24,082,610$5,674,068$3,451,410$21,440,571
84$26,429,631$5,842,692$3,457,627$23,437,063
85$29,012,602$6,016,132$3,460,606$25,631,802
86$31,855,481$6,194,517$3,460,130$28,044,860
87$34,984,667$6,377,975$3,455,971$30,698,355
88$38,429,248$6,566,640$3,447,891$33,616,654
89$42,221,274$6,760,649$3,435,639$36,826,607
90$46,396,063$6,960,139$3,418,951$40,357,799
91$50,992,529$7,165,254$3,397,554$44,242,827
92$56,053,553$7,376,137$3,371,158$48,517,611
93$61,626,384$7,592,937$3,339,461$53,221,727
94$67,763,089$7,815,804$3,302,146$58,398,786
95$74,521,038$8,044,892$3,258,882$64,096,841
96$81,963,450$8,280,359$3,209,321$70,368,843
97$90,159,988$8,522,363$3,153,099$77,273,138
98$99,187,416$8,771,067$3,089,837$84,874,019
99$109,130,321$9,026,638$3,019,135$93,242,331
100$120,081,915$9,289,244$2,940,577$102,456,141