Can I retire at age 59 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$264,253$261,899$259,603$257,361$255,172$248,299
2 years$130,818$128,382$126,021$123,731$121,511$114,635
3 years$86,346$83,899$81,544$79,276$77,091$70,428
4 years$64,114$61,675$59,343$57,114$54,982$48,583
5 years$50,778$48,354$46,053$43,869$41,797$35,679
6 years$41,891$39,484$37,217$35,082$33,072$27,242
7 years$35,545$33,159$30,928$28,843$26,897$21,355
8 years$30,788$28,423$26,229$24,196$22,313$17,056
9 years$27,090$24,748$22,591$20,609$18,791$13,814
10 years$24,133$21,814$19,696$17,766$16,011$11,308
11 years$21,716$19,420$17,340$15,461$13,770$9,334
12 years$19,703$17,430$15,388$13,562$11,933$7,755
13 years$18,000$15,752$13,749$11,973$10,406$6,477
14 years$16,543$14,318$12,353$10,628$9,121$5,434
15 years$15,281$13,080$11,153$9,478$8,031$4,574
16 years$14,177$12,000$10,112$8,487$7,098$3,862
17 years$13,205$11,052$9,202$7,625$6,294$3,269
18 years$12,341$10,212$8,400$6,872$5,596$2,772
19 years$11,569$9,465$7,690$6,210$4,988$2,355
20 years$10,876$8,795$7,057$5,624$4,455$2,003
21 years$10,249$8,192$6,491$5,104$3,987$1,706
22 years$9,680$7,647$5,983$4,641$3,574$1,455
23 years$9,161$7,152$5,524$4,226$3,208$1,241
24 years$8,686$6,701$5,109$3,855$2,883$1,060
25 years$8,250$6,289$4,732$3,520$2,595$906
26 years$7,848$5,910$4,388$3,219$2,337$774
27 years$7,477$5,562$4,075$2,946$2,107$662
28 years$7,132$5,241$3,788$2,699$1,901$567
29 years$6,812$4,945$3,525$2,475$1,717$485
30 years$6,514$4,670$3,284$2,272$1,551$415
31 years$6,235$4,414$3,061$2,087$1,402$356
32 years$5,975$4,177$2,856$1,918$1,269$305
33 years$5,731$3,956$2,667$1,763$1,148$261
34 years$5,501$3,749$2,492$1,622$1,039$224
35 years$5,286$3,556$2,330$1,494$942$192
36 years$5,082$3,375$2,179$1,376$853$164
37 years$4,890$3,206$2,040$1,267$773$141
38 years$4,709$3,046$1,910$1,168$701$121
39 years$4,538$2,897$1,790$1,077$636$103
40 years$4,375$2,756$1,677$993$577$89
41 years$4,221$2,624$1,573$917$523$76
42 years$4,074$2,499$1,475$846$475$65
43 years$3,935$2,381$1,384$781$431$56
44 years$3,802$2,269$1,300$721$391$48
45 years$3,676$2,164$1,220$666$355$41
46 years$3,555$2,064$1,146$615$322$35
47 years$3,440$1,970$1,077$568$293$30
48 years$3,330$1,881$1,012$525$266$26
49 years$3,225$1,796$951$485$241$22
50 years$3,124$1,715$894$449$219$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,200,000, adding $5,858 every year, while hoping to spend $27,657 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: 67/14/19 Blend
58$3,200,000$3,200,000$3,200,000$3,200,000
59$3,532,443$3,362,843$3,313,243$3,752,123
60$3,863,325$3,498,195$3,394,809$4,035,214
61$4,227,030$3,639,253$3,478,182$4,340,915
62$4,626,877$3,786,266$3,563,391$4,674,539
63$5,066,523$3,939,497$3,650,468$5,038,829
64$5,549,994$4,099,219$3,739,445$5,436,808
65$6,081,731$4,265,718$3,830,354$5,871,799
66$6,666,622$4,439,293$3,923,225$6,347,464
67$7,310,056$4,620,256$4,018,092$6,867,832
68$8,017,968$4,808,935$4,114,984$7,437,342
69$8,796,899$5,005,671$4,213,935$8,060,878
70$9,654,056$5,210,822$4,314,975$8,743,820
71$10,597,379$5,424,762$4,418,135$9,492,092
72$11,635,617$5,647,880$4,523,448$10,312,218
73$12,778,410$5,880,587$4,630,944$11,211,382
74$14,036,381$6,123,309$4,740,654$12,197,494
75$15,421,234$6,376,493$4,852,608$13,279,270
76$16,945,866$6,640,607$4,966,836$14,466,305
77$18,624,488$6,916,141$5,083,369$15,769,171
78$20,472,759$7,203,605$5,202,235$17,199,510
79$22,507,934$7,503,535$5,323,463$18,770,145
80$24,749,025$7,816,490$5,447,081$20,495,204
81$27,216,984$8,143,057$5,573,117$22,390,246
82$29,934,897$8,483,847$5,701,597$24,472,413
83$32,928,204$8,839,503$5,832,548$26,760,586
84$36,224,936$9,210,694$5,965,993$29,275,566
85$39,855,983$9,598,121$6,101,958$32,040,269
86$43,855,384$10,002,521$6,240,465$35,079,939
87$48,260,649$10,424,659$6,381,535$38,422,388
88$53,113,108$10,865,341$6,525,190$42,098,255
89$58,458,310$11,325,407$6,671,449$46,141,297
90$64,346,444$11,805,738$6,820,328$50,588,703
91$70,832,816$12,307,255$6,971,845$55,481,449
92$77,978,375$12,830,922$7,126,013$60,864,677
93$85,850,280$13,377,747$7,282,845$66,788,127
94$94,522,539$13,948,788$7,442,351$73,306,598
95$104,076,708$14,545,149$7,604,540$80,480,470
96$114,602,658$15,167,987$7,769,418$88,376,270
97$126,199,424$15,818,512$7,936,988$97,067,298
98$138,976,140$16,497,994$8,107,251$106,634,318
99$153,053,068$17,207,758$8,280,206$117,166,322
100$168,562,736$17,949,193$8,455,848$128,761,360