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%12.8%
1 years$264,253$261,899$259,603$257,361$255,172$252,193
2 years$130,818$128,382$126,021$123,731$121,511$118,512
3 years$86,346$83,899$81,544$79,276$77,091$74,166
4 years$64,114$61,675$59,343$57,114$54,982$52,153
5 years$50,778$48,354$46,053$43,869$41,797$39,072
6 years$41,891$39,484$37,217$35,082$33,072$30,455
7 years$35,545$33,159$30,928$28,843$26,897$24,388
8 years$30,788$28,423$26,229$24,196$22,313$19,914
9 years$27,090$24,748$22,591$20,609$18,791$16,499
10 years$24,133$21,814$19,696$17,766$16,011$13,825
11 years$21,716$19,420$17,340$15,461$13,770$11,688
12 years$19,703$17,430$15,388$13,562$11,933$9,953
13 years$18,000$15,752$13,749$11,973$10,406$8,525
14 years$16,543$14,318$12,353$10,628$9,121$7,338
15 years$15,281$13,080$11,153$9,478$8,031$6,342
16 years$14,177$12,000$10,112$8,487$7,098$5,499
17 years$13,205$11,052$9,202$7,625$6,294$4,783
18 years$12,341$10,212$8,400$6,872$5,596$4,170
19 years$11,569$9,465$7,690$6,210$4,988$3,643
20 years$10,876$8,795$7,057$5,624$4,455$3,189
21 years$10,249$8,192$6,491$5,104$3,987$2,796
22 years$9,680$7,647$5,983$4,641$3,574$2,455
23 years$9,161$7,152$5,524$4,226$3,208$2,157
24 years$8,686$6,701$5,109$3,855$2,883$1,898
25 years$8,250$6,289$4,732$3,520$2,595$1,672
26 years$7,848$5,910$4,388$3,219$2,337$1,473
27 years$7,477$5,562$4,075$2,946$2,107$1,299
28 years$7,132$5,241$3,788$2,699$1,901$1,147
29 years$6,812$4,945$3,525$2,475$1,717$1,012
30 years$6,514$4,670$3,284$2,272$1,551$894
31 years$6,235$4,414$3,061$2,087$1,402$790
32 years$5,975$4,177$2,856$1,918$1,269$699
33 years$5,731$3,956$2,667$1,763$1,148$618
34 years$5,501$3,749$2,492$1,622$1,039$547
35 years$5,286$3,556$2,330$1,494$942$484
36 years$5,082$3,375$2,179$1,376$853$428
37 years$4,890$3,206$2,040$1,267$773$379
38 years$4,709$3,046$1,910$1,168$701$335
39 years$4,538$2,897$1,790$1,077$636$297
40 years$4,375$2,756$1,677$993$577$263
41 years$4,221$2,624$1,573$917$523$233
42 years$4,074$2,499$1,475$846$475$206
43 years$3,935$2,381$1,384$781$431$183
44 years$3,802$2,269$1,300$721$391$162
45 years$3,676$2,164$1,220$666$355$144
46 years$3,555$2,064$1,146$615$322$127
47 years$3,440$1,970$1,077$568$293$113
48 years$3,330$1,881$1,012$525$266$100
49 years$3,225$1,796$951$485$241$89
50 years$3,124$1,715$894$449$219$78

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 $6,402 every year, while hoping to spend $56,419 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: 62/32/6 Blend
58$3,200,000$3,200,000$3,200,000$3,200,000
59$3,533,004$3,363,404$3,313,804$3,747,871
60$3,833,341$3,468,181$3,364,787$3,996,799
61$4,162,421$3,576,202$3,415,587$4,261,204
62$4,523,117$3,687,565$3,466,138$4,548,321
63$4,918,592$3,802,373$3,516,371$4,860,342
64$5,352,331$3,920,731$3,566,211$5,199,678
65$5,828,170$4,042,748$3,615,581$5,568,984
66$6,350,336$4,168,536$3,664,396$5,971,179
67$6,923,486$4,298,210$3,712,569$6,409,478
68$7,552,748$4,431,888$3,760,006$6,887,420
69$8,243,771$4,569,693$3,806,609$7,408,899
70$9,002,779$4,711,751$3,852,273$7,978,203
71$9,836,626$4,858,191$3,896,889$8,600,054
72$10,752,867$5,009,147$3,940,339$9,279,649
73$11,759,821$5,164,757$3,982,502$10,022,711
74$12,866,654$5,325,161$4,023,247$10,835,544
75$14,083,465$5,490,506$4,062,438$11,725,087
76$15,421,379$5,660,942$4,099,931$12,698,985
77$16,892,655$5,836,624$4,135,574$13,765,654
78$18,510,798$6,017,710$4,169,207$14,934,365
79$20,290,686$6,204,365$4,200,663$16,215,330
80$22,248,714$6,396,757$4,229,763$17,619,796
81$24,402,946$6,595,061$4,256,322$19,160,151
82$26,773,281$6,799,454$4,280,145$20,850,041
83$29,381,650$7,010,122$4,301,024$22,704,497
84$32,252,214$7,227,253$4,318,744$24,740,079
85$35,411,595$7,451,043$4,333,076$26,975,027
86$38,889,127$7,681,693$4,343,783$29,429,437
87$42,717,132$7,919,410$4,350,614$32,125,446
88$46,931,224$8,164,407$4,353,305$35,087,443
89$51,570,648$8,416,901$4,351,580$38,342,299
90$56,678,645$8,677,120$4,345,148$41,919,614
91$62,302,863$8,945,296$4,333,707$45,852,004
92$68,495,806$9,221,666$4,316,937$50,175,403
93$75,315,327$9,506,477$4,294,503$54,929,400
94$82,825,177$9,799,981$4,266,056$60,157,615
95$91,095,605$10,102,439$4,231,229$65,908,111
96$100,204,017$10,414,119$4,189,635$72,233,841
97$110,235,712$10,735,296$4,140,873$79,193,153
98$121,284,683$11,066,254$4,084,521$86,850,335
99$133,454,504$11,407,284$4,020,135$95,276,225
100$146,859,308$11,758,686$3,947,255$104,548,876