Can I retire at age 59 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$221,312$219,341$217,417$215,540$213,707$209,050
2 years$109,560$107,520$105,542$103,625$101,765$97,097
3 years$72,315$70,265$68,293$66,394$64,564$60,030
4 years$53,696$51,653$49,700$47,833$46,048$41,683
5 years$42,527$40,496$38,569$36,740$35,005$30,822
6 years$35,084$33,068$31,170$29,381$27,698$23,701
7 years$29,769$27,771$25,902$24,156$22,526$18,716
8 years$25,785$23,805$21,967$20,264$18,687$15,063
9 years$22,688$20,726$18,920$17,260$15,737$12,295
10 years$20,212$18,269$16,495$14,879$13,409$10,146
11 years$18,187$16,264$14,522$12,949$11,532$8,444
12 years$16,501$14,598$12,888$11,358$9,994$7,076
13 years$15,075$13,192$11,514$10,027$8,715$5,962
14 years$13,855$11,991$10,346$8,901$7,639$5,046
15 years$12,797$10,954$9,341$7,938$6,726$4,287
16 years$11,873$10,050$8,469$7,108$5,945$3,653
17 years$11,059$9,256$7,706$6,386$5,271$3,121
18 years$10,336$8,553$7,035$5,755$4,687$2,672
19 years$9,689$7,927$6,440$5,200$4,177$2,292
20 years$9,108$7,366$5,910$4,710$3,731$1,969
21 years$8,584$6,861$5,436$4,275$3,339$1,694
22 years$8,107$6,404$5,011$3,887$2,993$1,459
23 years$7,672$5,990$4,626$3,540$2,687$1,258
24 years$7,275$5,612$4,279$3,228$2,415$1,085
25 years$6,909$5,267$3,963$2,948$2,173$937
26 years$6,573$4,950$3,675$2,696$1,957$810
27 years$6,262$4,658$3,413$2,468$1,765$700
28 years$5,973$4,390$3,173$2,261$1,592$605
29 years$5,705$4,141$2,952$2,073$1,438$524
30 years$5,455$3,911$2,750$1,903$1,299$453
31 years$5,222$3,697$2,564$1,747$1,175$392
32 years$5,004$3,498$2,392$1,606$1,062$340
33 years$4,799$3,313$2,234$1,477$962$294
34 years$4,607$3,140$2,087$1,359$871$255
35 years$4,427$2,978$1,951$1,251$789$221
36 years$4,256$2,827$1,825$1,152$714$191
37 years$4,096$2,685$1,708$1,061$648$166
38 years$3,944$2,551$1,600$978$587$144
39 years$3,800$2,426$1,499$902$532$125
40 years$3,664$2,308$1,405$832$483$108
41 years$3,535$2,197$1,317$768$438$94
42 years$3,412$2,093$1,236$708$397$81
43 years$3,295$1,994$1,160$654$361$70
44 years$3,184$1,900$1,088$604$327$61
45 years$3,078$1,812$1,022$558$297$53
46 years$2,977$1,729$960$515$270$46
47 years$2,881$1,650$902$476$245$40
48 years$2,789$1,575$847$440$223$34
49 years$2,701$1,504$797$406$202$30
50 years$2,617$1,437$749$376$184$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,680,000, adding $4,834 every year, while hoping to spend $26,068 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: 62/30/8 Blend
58$2,680,000$2,680,000$2,680,000$2,680,000
59$2,958,346$2,816,306$2,774,766$3,136,568
60$3,232,361$2,926,569$2,839,985$3,366,516
61$3,533,452$3,041,361$2,906,514$3,613,930
62$3,864,354$3,160,877$2,974,372$3,883,309
63$4,228,077$3,285,319$3,043,572$4,176,778
64$4,627,941$3,414,900$3,114,133$4,496,672
65$5,067,603$3,549,842$3,186,067$4,845,559
66$5,551,089$3,690,375$3,259,392$5,226,267
67$6,082,839$3,836,742$3,334,120$5,641,905
68$6,667,742$3,989,196$3,410,266$6,095,895
69$7,311,185$4,148,000$3,487,844$6,592,001
70$8,019,105$4,313,431$3,566,865$7,134,367
71$8,798,041$4,485,776$3,647,342$7,727,554
72$9,655,199$4,665,337$3,729,287$8,376,581
73$10,598,520$4,852,429$3,812,708$9,086,973
74$11,636,752$5,047,381$3,897,617$9,864,812
75$12,779,535$5,250,537$3,984,022$10,716,793
76$14,037,491$5,462,257$4,071,929$11,650,287
77$15,422,323$5,682,915$4,161,347$12,673,410
78$16,946,928$5,912,906$4,252,280$13,795,097
79$18,625,515$6,152,640$4,344,732$15,025,186
80$20,473,744$6,402,545$4,438,707$16,374,512
81$22,508,867$6,663,071$4,534,205$17,855,004
82$24,749,897$6,934,687$4,631,227$19,479,799
83$27,217,784$7,217,884$4,729,770$21,263,367
84$29,935,612$7,513,174$4,829,831$23,221,641
85$32,928,819$7,821,095$4,931,406$25,372,169
86$36,225,436$8,142,206$5,034,486$27,734,279
87$39,856,352$8,477,096$5,139,062$30,329,260
88$43,855,602$8,826,376$5,245,123$33,180,558
89$48,260,694$9,190,689$5,352,655$36,314,001
90$53,112,958$9,570,705$5,461,642$39,758,037
91$58,457,937$9,967,127$5,572,064$43,544,003
92$64,345,819$10,380,689$5,683,901$47,706,418
93$70,831,908$10,812,158$5,797,127$52,283,308
94$77,977,147$11,262,338$5,911,715$57,316,563
95$85,848,692$11,732,069$6,027,634$62,852,328
96$94,520,548$12,222,229$6,144,848$68,941,440
97$104,074,265$12,733,739$6,263,322$75,639,904
98$114,599,708$13,267,561$6,383,011$83,009,420
99$126,195,908$13,824,701$6,503,872$91,117,961
100$138,971,991$14,406,212$6,625,852$100,040,415