Can I retire at age 59 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$289,027$286,452$283,940$281,489$279,095$276,295
2 years$143,083$140,418$137,835$135,331$132,902$130,083
3 years$94,441$91,765$89,188$86,708$84,319$81,566
4 years$70,125$67,457$64,906$62,468$60,137$57,473
5 years$55,539$52,887$50,370$47,982$45,715$43,147
6 years$45,818$43,186$40,706$38,371$36,173$33,705
7 years$38,878$36,268$33,827$31,547$29,418$27,050
8 years$33,674$31,088$28,688$26,464$24,405$22,138
9 years$29,630$27,068$24,709$22,542$20,553$18,385
10 years$26,396$23,859$21,542$19,431$17,512$15,443
11 years$23,752$21,240$18,965$16,911$15,061$13,088
12 years$21,550$19,064$16,831$14,833$13,051$11,173
13 years$19,688$17,228$15,038$13,095$11,381$9,596
14 years$18,094$15,660$13,511$11,625$9,977$8,281
15 years$16,713$14,306$12,199$10,367$8,784$7,176
16 years$15,506$13,125$11,060$9,283$7,763$6,240
17 years$14,443$12,088$10,064$8,340$6,884$5,442
18 years$13,498$11,170$9,187$7,516$6,121$4,759
19 years$12,654$10,352$8,411$6,792$5,455$4,170
20 years$11,895$9,620$7,719$6,151$4,873$3,661
21 years$11,210$8,960$7,100$5,583$4,361$3,219
22 years$10,587$8,364$6,544$5,076$3,909$2,834
23 years$10,020$7,823$6,042$4,623$3,509$2,499
24 years$9,501$7,329$5,588$4,216$3,154$2,205
25 years$9,024$6,878$5,175$3,850$2,838$1,948
26 years$8,584$6,464$4,800$3,521$2,556$1,723
27 years$8,177$6,084$4,457$3,223$2,305$1,524
28 years$7,801$5,733$4,143$2,953$2,080$1,349
29 years$7,451$5,408$3,856$2,708$1,878$1,195
30 years$7,124$5,107$3,592$2,485$1,697$1,059
31 years$6,820$4,828$3,348$2,282$1,534$939
32 years$6,535$4,569$3,124$2,097$1,388$833
33 years$6,268$4,326$2,917$1,929$1,256$739
34 years$6,017$4,100$2,725$1,775$1,137$656
35 years$5,781$3,889$2,548$1,634$1,030$583
36 years$5,559$3,691$2,384$1,504$933$517
37 years$5,349$3,506$2,231$1,386$846$459
38 years$5,151$3,332$2,089$1,278$767$408
39 years$4,963$3,168$1,957$1,178$695$363
40 years$4,785$3,014$1,835$1,087$631$322
41 years$4,616$2,869$1,720$1,003$572$286
42 years$4,456$2,733$1,614$925$519$255
43 years$4,304$2,604$1,514$854$471$226
44 years$4,158$2,482$1,421$789$428$201
45 years$4,020$2,367$1,335$728$388$179
46 years$3,888$2,258$1,254$673$352$159
47 years$3,763$2,155$1,178$622$320$141
48 years$3,642$2,057$1,107$574$291$126
49 years$3,527$1,964$1,040$531$264$112
50 years$3,417$1,876$978$491$240$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,500,000, adding $2,070 every year, while hoping to spend $30,209 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: 39/42/19 Blend
58$3,500,000$3,500,000$3,500,000$3,500,000
59$3,859,135$3,673,635$3,619,385$3,987,687
60$4,220,625$3,821,501$3,708,492$4,227,980
61$4,617,974$3,975,600$3,799,572$4,484,598
62$5,054,808$4,136,206$3,892,659$4,761,449
63$5,535,123$4,303,603$3,987,787$5,060,382
64$6,063,318$4,478,092$4,084,990$5,383,428
65$6,644,242$4,659,985$4,184,304$5,732,814
66$7,283,239$4,849,609$4,285,762$6,110,988
67$7,986,194$5,047,304$4,389,399$6,520,637
68$8,759,592$5,253,428$4,495,251$6,964,712
69$9,610,579$5,468,355$4,603,351$7,446,455
70$10,547,029$5,692,475$4,713,733$7,969,430
71$11,577,616$5,926,196$4,826,433$8,537,550
72$12,711,898$6,169,945$4,941,484$9,155,120
73$13,960,409$6,424,169$5,058,921$9,826,870
74$15,334,752$6,689,335$5,178,776$10,557,998
75$16,847,715$6,965,931$5,301,084$11,354,223
76$18,513,388$7,254,468$5,425,876$12,221,832
77$20,347,297$7,555,480$5,553,186$13,167,740
78$22,366,549$7,869,527$5,683,046$14,199,551
79$24,589,995$8,197,192$5,815,486$15,325,631
80$27,038,408$8,539,087$5,950,538$16,555,184
81$29,734,676$8,895,853$6,088,232$17,898,334
82$32,704,022$9,268,159$6,228,596$19,366,222
83$35,974,238$9,656,704$6,371,660$20,971,106
84$39,575,949$10,062,222$6,517,450$22,726,479
85$43,542,904$10,485,479$6,665,992$24,647,186
86$47,912,290$10,927,277$6,817,313$26,749,569
87$52,725,086$11,388,455$6,971,435$29,051,614
88$58,026,447$11,869,892$7,128,380$31,573,119
89$63,866,135$12,372,507$7,288,171$34,335,880
90$70,298,981$12,897,261$7,450,826$37,363,891
91$77,385,411$13,445,161$7,616,362$40,683,567
92$85,192,009$14,017,259$7,784,796$44,323,993
93$93,792,148$14,614,659$7,956,141$48,317,192
94$103,266,684$15,238,514$8,130,409$52,698,424
95$113,704,716$15,890,032$8,307,608$57,506,517
96$125,204,430$16,570,476$8,487,746$62,784,227
97$137,874,022$17,281,170$8,670,825$68,578,638
98$151,832,723$18,023,498$8,856,849$74,941,605
99$167,211,922$18,798,910$9,045,814$81,930,233
100$184,156,404$19,608,923$9,237,715$89,607,418