Can I retire at age 59 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$220,486$218,522$216,606$214,736$212,910$209,210
2 years$109,152$107,119$105,149$103,238$101,385$97,671
3 years$72,045$70,003$68,038$66,146$64,323$60,708
4 years$53,495$51,460$49,514$47,654$45,876$42,389
5 years$42,368$40,345$38,425$36,603$34,874$31,525
6 years$34,953$32,945$31,053$29,272$27,595$24,387
7 years$29,658$27,667$25,805$24,066$22,442$19,377
8 years$25,689$23,716$21,885$20,188$18,618$15,695
9 years$22,603$20,649$18,850$17,196$15,679$12,896
10 years$20,136$18,201$16,433$14,823$13,359$10,714
11 years$18,119$16,203$14,468$12,901$11,489$8,979
12 years$16,439$14,543$12,840$11,316$9,956$7,578
13 years$15,019$13,143$11,471$9,990$8,682$6,432
14 years$13,803$11,946$10,307$8,868$7,611$5,484
15 years$12,750$10,913$9,306$7,909$6,701$4,695
16 years$11,829$10,013$8,437$7,081$5,922$4,032
17 years$11,018$9,221$7,678$6,362$5,251$3,472
18 years$10,297$8,521$7,009$5,734$4,669$2,997
19 years$9,653$7,897$6,416$5,181$4,162$2,591
20 years$9,074$7,338$5,888$4,692$3,717$2,245
21 years$8,552$6,835$5,416$4,259$3,327$1,947
22 years$8,077$6,381$4,992$3,872$2,982$1,691
23 years$7,644$5,968$4,609$3,526$2,677$1,471
24 years$7,248$5,591$4,263$3,216$2,406$1,280
25 years$6,884$5,247$3,948$2,937$2,165$1,115
26 years$6,548$4,931$3,662$2,686$1,950$972
27 years$6,238$4,641$3,400$2,458$1,758$847
28 years$5,951$4,373$3,161$2,252$1,586$739
29 years$5,684$4,126$2,941$2,065$1,432$645
30 years$5,435$3,896$2,740$1,896$1,294$564
31 years$5,203$3,683$2,554$1,741$1,170$492
32 years$4,985$3,485$2,383$1,600$1,059$430
33 years$4,782$3,300$2,225$1,471$958$376
34 years$4,590$3,128$2,079$1,354$867$329
35 years$4,410$2,967$1,944$1,246$786$288
36 years$4,241$2,816$1,818$1,148$712$252
37 years$4,080$2,675$1,702$1,057$645$220
38 years$3,929$2,542$1,594$975$585$192
39 years$3,786$2,417$1,493$899$530$168
40 years$3,650$2,300$1,400$829$481$147
41 years$3,522$2,189$1,312$765$436$129
42 years$3,399$2,085$1,231$706$396$113
43 years$3,283$1,986$1,155$652$359$99
44 years$3,172$1,893$1,084$602$326$86
45 years$3,067$1,806$1,018$556$296$76
46 years$2,966$1,722$956$513$269$66
47 years$2,870$1,644$898$474$244$58
48 years$2,779$1,569$844$438$222$51
49 years$2,691$1,498$794$405$201$44
50 years$2,607$1,431$746$374$183$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,670,000, adding $4,185 every year, while hoping to spend $47,534 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: 55/24/21 Blend
58$2,670,000$2,670,000$2,670,000$2,670,000
59$2,946,657$2,805,147$2,763,762$3,091,702
60$3,196,640$2,892,023$2,805,772$3,278,318
61$3,470,528$2,981,563$2,847,596$3,476,061
62$3,770,710$3,073,848$2,889,179$3,690,382
63$4,099,815$3,168,959$2,930,459$3,922,884
64$4,460,740$3,266,982$2,971,373$4,175,330
65$4,856,676$3,368,005$3,011,855$4,449,662
66$5,291,138$3,472,117$3,051,832$4,748,016
67$5,767,995$3,579,412$3,091,230$5,072,746
68$6,291,512$3,689,985$3,129,968$5,426,443
69$6,866,387$3,803,935$3,167,962$5,811,962
70$7,497,792$3,921,361$3,205,123$6,232,443
71$8,191,428$4,042,370$3,241,356$6,691,347
72$8,953,575$4,167,067$3,276,562$7,192,487
73$9,791,149$4,295,562$3,310,636$7,740,059
74$10,711,771$4,427,970$3,343,467$8,338,687
75$11,723,837$4,564,406$3,374,939$8,993,464
76$12,836,597$4,704,990$3,404,928$9,710,000
77$14,060,242$4,849,847$3,433,306$10,494,475
78$15,406,000$4,999,102$3,459,934$11,353,697
79$16,886,240$5,152,887$3,484,671$12,295,165
80$18,514,594$5,311,335$3,507,364$13,327,141
81$20,306,077$5,474,585$3,527,855$14,458,728
82$22,277,235$5,642,779$3,545,977$15,699,953
83$24,446,300$5,816,061$3,561,554$17,061,866
84$26,833,358$5,994,584$3,574,402$18,556,639
85$29,460,543$6,178,501$3,584,326$20,197,683
86$32,352,241$6,367,970$3,591,124$21,999,777
87$35,535,324$6,563,155$3,594,581$23,979,201
88$39,039,401$6,764,223$3,594,473$26,153,895
89$42,897,097$6,971,348$3,590,565$28,543,626
90$47,144,362$7,184,705$3,582,610$31,170,175
91$51,820,809$7,404,477$3,570,349$34,057,541
92$56,970,086$7,630,851$3,553,511$37,232,167
93$62,640,291$7,864,019$3,531,810$40,723,194
94$68,884,425$8,104,180$3,504,949$44,562,728
95$75,760,886$8,351,535$3,472,615$48,786,150
96$83,334,030$8,606,293$3,434,481$53,432,447
97$91,674,768$8,868,669$3,390,204$58,544,579
98$100,861,243$9,138,882$3,339,424$64,169,885
99$110,979,561$9,417,159$3,281,766$70,360,531
100$122,124,608$9,703,731$3,216,836$77,173,999