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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$280,769$278,268$275,828$273,446$271,121$261,293
2 years$138,994$136,406$133,897$131,465$129,105$119,312
3 years$91,743$89,143$86,640$84,231$81,910$72,459
4 years$68,121$65,529$63,052$60,683$58,419$49,382
5 years$53,952$51,376$48,931$46,611$44,409$35,810
6 years$44,509$41,952$39,543$37,275$35,139$26,985
7 years$37,767$35,231$32,861$30,646$28,578$20,866
8 years$32,712$30,200$27,869$25,708$23,708$16,431
9 years$28,783$26,294$24,003$21,897$19,965$13,115
10 years$25,642$23,177$20,926$18,876$17,012$10,575
11 years$23,073$20,633$18,423$16,428$14,631$8,594
12 years$20,934$18,519$16,350$14,409$12,679$7,028
13 years$19,126$16,736$14,608$12,721$11,056$5,775
14 years$17,577$15,213$13,125$11,292$9,692$4,765
15 years$16,236$13,897$11,850$10,071$8,533$3,943
16 years$15,063$12,750$10,744$9,017$7,542$3,272
17 years$14,030$11,742$9,777$8,102$6,687$2,721
18 years$13,112$10,851$8,925$7,302$5,946$2,267
19 years$12,293$10,056$8,170$6,598$5,300$1,891
20 years$11,556$9,345$7,498$5,975$4,734$1,580
21 years$10,890$8,704$6,897$5,423$4,236$1,321
22 years$10,285$8,125$6,357$4,931$3,797$1,105
23 years$9,734$7,599$5,869$4,491$3,408$925
24 years$9,229$7,120$5,428$4,096$3,064$775
25 years$8,766$6,682$5,027$3,740$2,757$650
26 years$8,339$6,280$4,663$3,420$2,483$545
27 years$7,944$5,910$4,330$3,130$2,239$457
28 years$7,578$5,569$4,025$2,868$2,020$384
29 years$7,238$5,254$3,746$2,630$1,824$322
30 years$6,921$4,962$3,489$2,414$1,648$270
31 years$6,625$4,690$3,253$2,217$1,490$227
32 years$6,348$4,438$3,035$2,037$1,348$191
33 years$6,089$4,203$2,834$1,874$1,220$160
34 years$5,845$3,983$2,648$1,724$1,104$134
35 years$5,616$3,778$2,475$1,587$1,000$113
36 years$5,400$3,586$2,316$1,461$906$95
37 years$5,196$3,406$2,167$1,347$821$80
38 years$5,003$3,237$2,030$1,241$745$67
39 years$4,821$3,078$1,901$1,144$675$56
40 years$4,648$2,928$1,782$1,056$613$47
41 years$4,484$2,788$1,671$974$556$40
42 years$4,329$2,655$1,568$899$504$33
43 years$4,181$2,529$1,471$830$458$28
44 years$4,040$2,411$1,381$766$415$24
45 years$3,905$2,299$1,297$707$377$20
46 years$3,777$2,193$1,218$654$342$17
47 years$3,655$2,093$1,144$604$311$14
48 years$3,538$1,998$1,075$558$282$12
49 years$3,426$1,908$1,011$516$256$10
50 years$3,320$1,823$950$477$233$8

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 $2,154 every year, while hoping to spend $46,983 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: 43/41/16 Blend
58$3,400,000$3,400,000$3,400,000$3,400,000
59$3,749,022$3,568,822$3,516,122$3,892,698
60$4,081,433$3,693,705$3,583,922$4,118,755
61$4,446,174$3,823,132$3,652,420$4,358,693
62$4,846,496$3,957,277$3,721,587$4,617,634
63$5,285,974$4,096,319$3,791,396$4,897,346
64$5,768,552$4,240,447$3,861,816$5,199,772
65$6,298,569$4,389,854$3,932,812$5,527,048
66$6,880,810$4,544,743$4,004,348$5,881,521
67$7,520,542$4,705,325$4,076,383$6,265,773
68$8,223,570$4,871,820$4,148,875$6,682,640
69$8,996,289$5,044,454$4,221,777$7,135,244
70$9,845,744$5,223,465$4,295,040$7,627,017
71$10,779,697$5,409,101$4,368,610$8,161,734
72$11,806,697$5,601,619$4,442,430$8,743,549
73$12,936,167$5,801,285$4,516,438$9,377,030
74$14,178,486$6,008,378$4,590,569$10,067,205
75$15,545,090$6,223,187$4,664,752$10,819,608
76$17,048,581$6,446,015$4,738,913$11,640,325
77$18,702,842$6,677,175$4,812,972$12,536,058
78$20,523,169$6,916,994$4,886,844$13,514,183
79$22,526,418$7,165,813$4,960,439$14,582,817
80$24,731,159$7,423,984$5,033,660$15,750,897
81$27,157,856$7,691,878$5,106,407$17,028,263
82$29,829,056$7,969,879$5,178,570$18,425,745
83$32,769,603$8,258,386$5,250,035$19,955,270
84$36,006,873$8,557,817$5,320,681$21,629,970
85$39,571,029$8,868,605$5,390,379$23,464,302
86$43,495,309$9,191,202$5,458,992$25,474,191
87$47,816,340$9,526,080$5,526,378$27,677,169
88$52,574,477$9,873,729$5,592,382$30,092,547
89$57,814,192$10,234,660$5,656,845$32,741,591
90$63,584,488$10,609,406$5,719,597$35,647,723
91$69,939,360$10,998,522$5,780,459$38,836,738
92$76,938,312$11,402,586$5,839,240$42,337,051
93$84,646,908$11,822,201$5,895,743$46,179,956
94$93,137,398$12,257,995$5,949,757$50,399,926
95$102,489,399$12,710,623$6,001,060$55,034,932
96$112,790,642$13,180,767$6,049,419$60,126,803
97$124,137,801$13,669,139$6,094,589$65,721,615
98$136,637,411$14,176,480$6,136,311$71,870,126
99$150,406,863$14,703,565$6,174,314$78,628,251
100$165,575,522$15,251,198$6,208,312$86,057,590