Can I retire at age 59 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$223,789$221,796$219,851$217,953$216,099$211,996
2 years$110,787$108,723$106,724$104,785$102,904$98,787
3 years$73,124$71,052$69,057$67,137$65,287$61,283
4 years$54,297$52,231$50,256$48,368$46,563$42,703
5 years$43,003$40,950$39,001$37,151$35,397$31,692
6 years$35,476$33,438$31,518$29,710$28,008$24,464
7 years$30,102$28,081$26,192$24,426$22,778$19,394
8 years$26,074$24,071$22,213$20,491$18,897$15,672
9 years$22,942$20,958$19,132$17,454$15,914$12,847
10 years$20,438$18,474$16,680$15,045$13,559$10,647
11 years$18,391$16,446$14,684$13,094$11,661$8,901
12 years$16,686$14,761$13,032$11,485$10,106$7,492
13 years$15,244$13,340$11,643$10,140$8,812$6,342
14 years$14,010$12,125$10,462$9,001$7,725$5,393
15 years$12,941$11,077$9,445$8,027$6,801$4,604
16 years$12,006$10,163$8,564$7,187$6,011$3,943
17 years$11,183$9,359$7,793$6,458$5,330$3,386
18 years$10,451$8,649$7,114$5,820$4,739$2,914
19 years$9,798$8,015$6,512$5,259$4,224$2,512
20 years$9,210$7,448$5,977$4,763$3,773$2,170
21 years$8,680$6,938$5,497$4,322$3,376$1,877
22 years$8,198$6,476$5,067$3,930$3,026$1,625
23 years$7,758$6,057$4,678$3,579$2,717$1,409
24 years$7,356$5,675$4,326$3,264$2,442$1,222
25 years$6,987$5,326$4,007$2,981$2,197$1,061
26 years$6,646$5,005$3,716$2,726$1,979$922
27 years$6,332$4,711$3,451$2,495$1,784$801
28 years$6,040$4,439$3,208$2,286$1,610$697
29 years$5,769$4,187$2,985$2,096$1,454$606
30 years$5,516$3,955$2,781$1,924$1,314$528
31 years$5,281$3,738$2,593$1,767$1,188$460
32 years$5,060$3,537$2,419$1,624$1,074$400
33 years$4,853$3,350$2,259$1,493$972$349
34 years$4,659$3,175$2,110$1,374$880$304
35 years$4,476$3,011$1,973$1,265$797$265
36 years$4,304$2,858$1,846$1,165$722$231
37 years$4,142$2,715$1,727$1,073$655$201
38 years$3,988$2,580$1,618$989$594$175
39 years$3,843$2,453$1,516$912$538$153
40 years$3,705$2,334$1,421$841$488$133
41 years$3,574$2,222$1,332$776$443$116
42 years$3,450$2,116$1,250$716$402$101
43 years$3,332$2,016$1,172$661$365$89
44 years$3,220$1,922$1,101$611$331$77
45 years$3,113$1,833$1,033$564$301$67
46 years$3,011$1,748$971$521$273$59
47 years$2,913$1,668$912$481$248$51
48 years$2,820$1,593$857$445$225$45
49 years$2,731$1,521$805$411$204$39
50 years$2,646$1,453$757$380$186$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,710,000, adding $6,292 every year, while hoping to spend $54,128 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: 47/24/29 Blend
58$2,710,000$2,710,000$2,710,000$2,710,000
59$2,992,910$2,849,280$2,807,275$3,108,415
60$3,240,595$2,931,303$2,843,727$3,272,724
61$3,511,730$3,015,531$2,879,586$3,445,234
62$3,808,649$3,102,015$2,914,775$3,631,470
63$4,133,924$3,190,806$2,949,213$3,832,753
64$4,490,386$3,281,957$2,982,813$4,050,536
65$4,881,153$3,375,521$3,015,485$4,286,420
66$5,309,660$3,471,551$3,047,133$4,542,170
67$5,779,690$3,570,101$3,077,656$4,819,728
68$6,295,408$3,671,226$3,106,948$5,121,234
69$6,861,405$3,774,981$3,134,895$5,449,045
70$7,482,735$3,881,422$3,161,381$5,805,759
71$8,164,967$3,990,605$3,186,281$6,194,237
72$8,914,235$4,102,586$3,209,462$6,617,630
73$9,737,296$4,217,422$3,230,789$7,079,412
74$10,641,595$4,335,170$3,250,114$7,583,409
75$11,635,331$4,455,887$3,267,287$8,133,838
76$12,727,540$4,579,631$3,282,146$8,735,345
77$13,928,174$4,706,458$3,294,523$9,393,048
78$15,248,200$4,836,426$3,304,242$10,112,588
79$16,699,697$4,969,592$3,311,115$10,900,183
80$18,295,977$5,106,013$3,314,948$11,762,682
81$20,051,705$5,245,745$3,315,537$12,707,633
82$21,983,037$5,388,845$3,312,665$13,743,354
83$24,107,775$5,535,367$3,306,108$14,879,014
84$26,445,535$5,685,367$3,295,630$16,124,713
85$29,017,928$5,838,898$3,280,981$17,491,586
86$31,848,765$5,996,012$3,261,903$18,991,900
87$34,964,284$6,156,762$3,238,122$20,639,178
88$38,393,396$6,321,198$3,209,353$22,448,318
89$42,167,953$6,489,368$3,175,297$24,435,744
90$46,323,056$6,661,318$3,135,641$26,619,552
91$50,897,379$6,837,094$3,090,057$29,019,688
92$55,933,539$7,016,739$3,038,201$31,658,131
93$61,478,492$7,200,292$2,979,713$34,559,105
94$67,583,983$7,387,790$2,914,218$37,749,308
95$74,307,026$7,579,269$2,841,321$41,258,161
96$81,710,448$7,774,758$2,760,610$45,118,088
97$89,863,478$7,974,286$2,671,655$49,364,825
98$98,842,402$8,177,875$2,574,005$54,037,755
99$108,731,281$8,385,545$2,467,189$59,180,278
100$119,622,745$8,597,310$2,350,713$64,840,230