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%15.1%
1 years$289,027$286,452$283,940$281,489$279,095$273,236
2 years$143,083$140,418$137,835$135,331$132,902$127,028
3 years$94,441$91,765$89,188$86,708$84,319$78,611
4 years$70,125$67,457$64,906$62,468$60,137$54,640
5 years$55,539$52,887$50,370$47,982$45,715$40,445
6 years$45,818$43,186$40,706$38,371$36,173$31,135
7 years$38,878$36,268$33,827$31,547$29,418$24,614
8 years$33,674$31,088$28,688$26,464$24,405$19,832
9 years$29,630$27,068$24,709$22,542$20,553$16,208
10 years$26,396$23,859$21,542$19,431$17,512$13,392
11 years$23,752$21,240$18,965$16,911$15,061$11,160
12 years$21,550$19,064$16,831$14,833$13,051$9,363
13 years$19,688$17,228$15,038$13,095$11,381$7,900
14 years$18,094$15,660$13,511$11,625$9,977$6,695
15 years$16,713$14,306$12,199$10,367$8,784$5,696
16 years$15,506$13,125$11,060$9,283$7,763$4,860
17 years$14,443$12,088$10,064$8,340$6,884$4,159
18 years$13,498$11,170$9,187$7,516$6,121$3,566
19 years$12,654$10,352$8,411$6,792$5,455$3,063
20 years$11,895$9,620$7,719$6,151$4,873$2,636
21 years$11,210$8,960$7,100$5,583$4,361$2,271
22 years$10,587$8,364$6,544$5,076$3,909$1,959
23 years$10,020$7,823$6,042$4,623$3,509$1,691
24 years$9,501$7,329$5,588$4,216$3,154$1,462
25 years$9,024$6,878$5,175$3,850$2,838$1,264
26 years$8,584$6,464$4,800$3,521$2,556$1,094
27 years$8,177$6,084$4,457$3,223$2,305$947
28 years$7,801$5,733$4,143$2,953$2,080$820
29 years$7,451$5,408$3,856$2,708$1,878$711
30 years$7,124$5,107$3,592$2,485$1,697$616
31 years$6,820$4,828$3,348$2,282$1,534$534
32 years$6,535$4,569$3,124$2,097$1,388$463
33 years$6,268$4,326$2,917$1,929$1,256$402
34 years$6,017$4,100$2,725$1,775$1,137$349
35 years$5,781$3,889$2,548$1,634$1,030$303
36 years$5,559$3,691$2,384$1,504$933$263
37 years$5,349$3,506$2,231$1,386$846$228
38 years$5,151$3,332$2,089$1,278$767$198
39 years$4,963$3,168$1,957$1,178$695$172
40 years$4,785$3,014$1,835$1,087$631$149
41 years$4,616$2,869$1,720$1,003$572$130
42 years$4,456$2,733$1,614$925$519$113
43 years$4,304$2,604$1,514$854$471$98
44 years$4,158$2,482$1,421$789$428$85
45 years$4,020$2,367$1,335$728$388$74
46 years$3,888$2,258$1,254$673$352$64
47 years$3,763$2,155$1,178$622$320$56
48 years$3,642$2,057$1,107$574$291$48
49 years$3,527$1,964$1,040$531$264$42
50 years$3,417$1,876$978$491$240$36

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 $2,305 every year, while hoping to spend $45,341 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: 51/42/7 Blend
58$3,500,000$3,500,000$3,500,000$3,500,000
59$3,859,378$3,673,878$3,619,628$4,049,368
60$4,204,792$3,805,655$3,692,643$4,310,632
61$4,583,918$3,942,370$3,766,584$4,589,406
62$5,000,148$4,084,217$3,841,435$4,891,363
63$5,457,217$4,231,397$3,917,177$5,218,690
64$5,959,239$4,384,121$3,993,788$5,573,791
65$6,510,746$4,542,608$4,071,245$5,959,308
66$7,116,733$4,707,087$4,149,522$6,378,147
67$7,782,701$4,877,794$4,228,592$6,833,502
68$8,514,708$5,054,979$4,308,422$7,328,885
69$9,319,433$5,238,897$4,388,979$7,868,161
70$10,204,231$5,429,819$4,470,225$8,455,580
71$11,177,206$5,628,024$4,552,121$9,095,817
72$12,247,287$5,833,803$4,634,623$9,794,015
73$13,424,312$6,047,460$4,717,685$10,555,834
74$14,719,119$6,269,313$4,801,254$11,387,501
75$16,143,650$6,499,690$4,885,277$12,295,870
76$17,711,064$6,738,937$4,969,695$13,288,484
77$19,435,857$6,987,410$5,054,445$14,373,643
78$21,334,006$7,245,483$5,139,460$15,560,486
79$23,423,109$7,513,547$5,224,667$16,859,070
80$25,722,562$7,792,006$5,309,989$18,280,470
81$28,253,733$8,081,284$5,395,343$19,836,876
82$31,040,169$8,381,823$5,480,642$21,541,709
83$34,107,814$8,694,080$5,565,792$23,409,747
84$37,485,259$9,018,538$5,650,694$25,457,263
85$41,204,004$9,355,695$5,735,240$27,702,173
86$45,298,761$9,706,072$5,819,320$30,164,208
87$49,807,780$10,070,215$5,902,812$32,865,096
88$54,773,208$10,448,690$5,985,591$35,828,766
89$60,241,488$10,842,089$6,067,521$39,081,571
90$66,263,797$11,251,029$6,148,460$42,652,535
91$72,896,528$11,676,153$6,228,258$46,573,626
92$80,201,824$12,118,135$6,306,754$50,880,053
93$88,248,160$12,577,673$6,383,781$55,610,598
94$97,110,994$13,055,500$6,459,158$60,807,979
95$106,873,474$13,552,379$6,532,699$66,519,250
96$117,627,228$14,069,105$6,604,204$72,796,245
97$129,473,224$14,606,509$6,673,464$79,696,059
98$142,522,723$15,165,459$6,740,255$87,281,592
99$156,898,334$15,746,860$6,804,347$95,622,133
100$172,735,163$16,351,655$6,865,491$104,794,013