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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$289,027$286,452$283,940$281,489$279,095$269,945
2 years$143,083$140,418$137,835$135,331$132,902$123,771
3 years$94,441$91,765$89,188$86,708$84,319$75,493
4 years$70,125$67,457$64,906$62,468$60,137$51,684
5 years$55,539$52,887$50,370$47,982$45,715$37,658
6 years$45,818$43,186$40,706$38,371$36,173$28,518
7 years$38,878$36,268$33,827$31,547$29,418$22,165
8 years$33,674$31,088$28,688$26,464$24,405$17,548
9 years$29,630$27,068$24,709$22,542$20,553$14,083
10 years$26,396$23,859$21,542$19,431$17,512$11,420
11 years$23,752$21,240$18,965$16,911$15,061$9,336
12 years$21,550$19,064$16,831$14,833$13,051$7,680
13 years$19,688$17,228$15,038$13,095$11,381$6,350
14 years$18,094$15,660$13,511$11,625$9,977$5,272
15 years$16,713$14,306$12,199$10,367$8,784$4,391
16 years$15,506$13,125$11,060$9,283$7,763$3,668
17 years$14,443$12,088$10,064$8,340$6,884$3,070
18 years$13,498$11,170$9,187$7,516$6,121$2,575
19 years$12,654$10,352$8,411$6,792$5,455$2,163
20 years$11,895$9,620$7,719$6,151$4,873$1,819
21 years$11,210$8,960$7,100$5,583$4,361$1,531
22 years$10,587$8,364$6,544$5,076$3,909$1,291
23 years$10,020$7,823$6,042$4,623$3,509$1,088
24 years$9,501$7,329$5,588$4,216$3,154$918
25 years$9,024$6,878$5,175$3,850$2,838$775
26 years$8,584$6,464$4,800$3,521$2,556$655
27 years$8,177$6,084$4,457$3,223$2,305$553
28 years$7,801$5,733$4,143$2,953$2,080$468
29 years$7,451$5,408$3,856$2,708$1,878$396
30 years$7,124$5,107$3,592$2,485$1,697$335
31 years$6,820$4,828$3,348$2,282$1,534$283
32 years$6,535$4,569$3,124$2,097$1,388$239
33 years$6,268$4,326$2,917$1,929$1,256$203
34 years$6,017$4,100$2,725$1,775$1,137$171
35 years$5,781$3,889$2,548$1,634$1,030$145
36 years$5,559$3,691$2,384$1,504$933$123
37 years$5,349$3,506$2,231$1,386$846$104
38 years$5,151$3,332$2,089$1,278$767$88
39 years$4,963$3,168$1,957$1,178$695$74
40 years$4,785$3,014$1,835$1,087$631$63
41 years$4,616$2,869$1,720$1,003$572$53
42 years$4,456$2,733$1,614$925$519$45
43 years$4,304$2,604$1,514$854$471$38
44 years$4,158$2,482$1,421$789$428$32
45 years$4,020$2,367$1,335$728$388$27
46 years$3,888$2,258$1,254$673$352$23
47 years$3,763$2,155$1,178$622$320$20
48 years$3,642$2,057$1,107$574$291$17
49 years$3,527$1,964$1,040$531$264$14
50 years$3,417$1,876$978$491$240$12

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 $6,327 every year, while hoping to spend $56,957 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: 61/30/9 Blend
58$3,500,000$3,500,000$3,500,000$3,500,000
59$3,863,526$3,678,026$3,623,776$4,091,158
60$4,197,004$3,797,648$3,684,571$4,363,994
61$4,562,588$3,921,222$3,745,493$4,654,455
62$4,963,492$4,048,882$3,806,488$4,969,956
63$5,403,257$4,180,766$3,867,494$5,312,916
64$5,885,783$4,317,017$3,928,449$5,685,995
65$6,415,366$4,457,784$3,989,285$6,092,122
66$6,996,737$4,603,219$4,049,929$6,534,519
67$7,635,109$4,753,481$4,110,306$7,016,732
68$8,336,222$4,908,734$4,170,334$7,542,666
69$9,106,403$5,069,148$4,229,926$8,116,618
70$9,952,618$5,234,899$4,288,991$8,743,318
71$10,882,545$5,406,168$4,347,432$9,427,975
72$11,904,638$5,583,145$4,405,145$10,176,324
73$13,028,216$5,766,023$4,462,022$10,994,680
74$14,263,542$5,955,006$4,517,947$11,889,993
75$15,621,923$6,150,302$4,572,799$12,869,922
76$17,115,821$6,352,128$4,626,449$13,942,897
77$18,758,960$6,560,708$4,678,760$15,118,205
78$20,566,465$6,776,274$4,729,590$16,406,071
79$22,555,000$6,999,066$4,778,787$17,817,759
80$24,742,924$7,229,334$4,826,190$19,365,675
81$27,150,466$7,467,336$4,871,631$21,063,483
82$29,799,917$7,713,339$4,914,934$22,926,234
83$32,715,834$7,967,618$4,955,910$24,970,507
84$35,925,280$8,230,462$4,994,364$27,214,566
85$39,458,070$8,502,167$5,030,087$29,678,528
86$43,347,060$8,783,040$5,062,862$32,384,555
87$47,628,452$9,073,400$5,092,459$35,357,063
88$52,342,135$9,373,578$5,118,638$38,622,949
89$57,532,065$9,683,915$5,141,144$42,211,844
90$63,246,675$10,004,766$5,159,712$46,156,393
91$69,539,334$10,336,499$5,174,061$50,492,563
92$76,468,853$10,679,493$5,183,898$55,259,978
93$84,100,032$11,034,145$5,188,915$60,502,296
94$92,504,279$11,400,862$5,188,788$66,267,618
95$101,760,280$11,780,069$5,183,177$72,608,939
96$111,954,741$12,172,204$5,171,725$79,584,652
97$123,183,206$12,577,724$5,154,060$87,259,091
98$135,550,961$12,997,100$5,129,789$95,703,144
99$149,174,024$13,430,823$5,098,501$104,994,917
100$164,180,240$13,879,399$5,059,767$115,220,471