Can I retire at age 59 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$280,769$278,268$275,828$273,446$271,121$264,782
2 years$138,994$136,406$133,897$131,465$129,105$122,755
3 years$91,743$89,143$86,640$84,231$81,910$75,746
4 years$68,121$65,529$63,052$60,683$58,419$52,490
5 years$53,952$51,376$48,931$46,611$44,409$38,731
6 years$44,509$41,952$39,543$37,275$35,139$29,718
7 years$37,767$35,231$32,861$30,646$28,578$23,414
8 years$32,712$30,200$27,869$25,708$23,708$18,800
9 years$28,783$26,294$24,003$21,897$19,965$15,309
10 years$25,642$23,177$20,926$18,876$17,012$12,602
11 years$23,073$20,633$18,423$16,428$14,631$10,462
12 years$20,934$18,519$16,350$14,409$12,679$8,744
13 years$19,126$16,736$14,608$12,721$11,056$7,347
14 years$17,577$15,213$13,125$11,292$9,692$6,202
15 years$16,236$13,897$11,850$10,071$8,533$5,254
16 years$15,063$12,750$10,744$9,017$7,542$4,464
17 years$14,030$11,742$9,777$8,102$6,687$3,803
18 years$13,112$10,851$8,925$7,302$5,946$3,247
19 years$12,293$10,056$8,170$6,598$5,300$2,777
20 years$11,556$9,345$7,498$5,975$4,734$2,378
21 years$10,890$8,704$6,897$5,423$4,236$2,040
22 years$10,285$8,125$6,357$4,931$3,797$1,751
23 years$9,734$7,599$5,869$4,491$3,408$1,505
24 years$9,229$7,120$5,428$4,096$3,064$1,295
25 years$8,766$6,682$5,027$3,740$2,757$1,114
26 years$8,339$6,280$4,663$3,420$2,483$959
27 years$7,944$5,910$4,330$3,130$2,239$827
28 years$7,578$5,569$4,025$2,868$2,020$713
29 years$7,238$5,254$3,746$2,630$1,824$614
30 years$6,921$4,962$3,489$2,414$1,648$530
31 years$6,625$4,690$3,253$2,217$1,490$457
32 years$6,348$4,438$3,035$2,037$1,348$395
33 years$6,089$4,203$2,834$1,874$1,220$341
34 years$5,845$3,983$2,648$1,724$1,104$294
35 years$5,616$3,778$2,475$1,587$1,000$254
36 years$5,400$3,586$2,316$1,461$906$219
37 years$5,196$3,406$2,167$1,347$821$189
38 years$5,003$3,237$2,030$1,241$745$164
39 years$4,821$3,078$1,901$1,144$675$141
40 years$4,648$2,928$1,782$1,056$613$122
41 years$4,484$2,788$1,671$974$556$105
42 years$4,329$2,655$1,568$899$504$91
43 years$4,181$2,529$1,471$830$458$79
44 years$4,040$2,411$1,381$766$415$68
45 years$3,905$2,299$1,297$707$377$59
46 years$3,777$2,193$1,218$654$342$51
47 years$3,655$2,093$1,144$604$311$44
48 years$3,538$1,998$1,075$558$282$38
49 years$3,426$1,908$1,011$516$256$33
50 years$3,320$1,823$950$477$233$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,400,000, adding $5,687 every year, while hoping to spend $47,644 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: 37/37/26 Blend
58$3,400,000$3,400,000$3,400,000$3,400,000
59$3,752,666$3,572,466$3,519,766$3,862,111
60$4,084,745$3,696,824$3,586,985$4,067,495
61$4,449,100$3,825,679$3,654,860$4,284,411
62$4,848,971$3,959,200$3,723,361$4,517,791
63$5,287,930$4,097,565$3,792,458$4,769,153
64$5,769,911$4,240,958$3,862,117$5,040,162
65$6,299,246$4,389,569$3,932,301$5,332,649
66$6,880,708$4,543,597$4,002,973$5,648,628
67$7,519,556$4,703,249$4,074,088$5,990,311
68$8,221,582$4,868,740$4,145,602$6,360,132
69$8,993,169$5,040,293$4,217,465$6,760,767
70$9,841,347$5,218,142$4,289,624$7,195,157
71$10,773,861$5,402,528$4,362,024$7,666,542
72$11,799,246$5,593,703$4,434,603$8,178,480
73$12,926,903$5,791,928$4,507,296$8,734,891
74$14,167,191$5,997,477$4,580,035$9,340,086
75$15,531,524$6,210,633$4,652,745$9,998,809
76$17,032,476$6,431,690$4,725,348$10,716,279
77$18,683,903$6,660,957$4,797,761$11,498,245
78$20,501,069$6,898,752$4,869,895$12,351,029
79$22,500,796$7,145,409$4,941,654$13,281,595
80$24,701,616$7,401,273$5,012,938$14,297,607
81$27,123,951$7,666,705$5,083,642$15,407,502
82$29,790,301$7,942,081$5,153,651$16,620,572
83$32,725,460$8,227,791$5,222,846$17,947,043
84$35,956,746$8,524,242$5,291,101$19,398,181
85$39,514,262$8,831,857$5,358,281$20,986,386
86$43,431,177$9,151,079$5,424,244$22,725,317
87$47,744,041$9,482,366$5,488,840$24,630,016
88$52,493,128$9,826,197$5,551,911$26,717,045
89$57,722,817$10,183,070$5,613,289$29,004,651
90$63,482,008$10,553,505$5,672,799$31,512,925
91$69,824,589$10,938,042$5,730,253$34,263,999
92$76,809,936$11,337,245$5,785,456$37,282,250
93$84,503,480$11,751,701$5,838,200$40,594,530
94$92,977,323$12,182,022$5,888,267$44,230,415
95$102,310,914$12,628,845$5,935,427$48,222,487
96$112,591,802$13,092,834$5,979,440$52,606,637
97$123,916,465$13,574,682$6,020,050$57,422,402
98$136,391,213$14,075,109$6,056,990$62,713,337
99$150,133,196$14,594,869$6,089,978$68,527,427
100$165,271,508$15,134,744$6,118,719$74,917,533