Can I retire at age 59 with 3,600,000?

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 $3,600,000?

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 years$297,285$294,637$292,053$289,531$287,069$281,158
2 years$147,171$144,430$141,773$139,198$136,700$130,771
3 years$97,139$94,386$91,737$89,185$86,728$80,967
4 years$72,128$69,384$66,761$64,253$61,855$56,306
5 years$57,126$54,398$51,809$49,352$47,021$41,700
6 years$47,127$44,420$41,869$39,468$37,206$32,119
7 years$39,988$37,304$34,794$32,448$30,259$25,406
8 years$34,637$31,976$29,508$27,220$25,102$20,482
9 years$30,476$27,841$25,415$23,186$21,140$16,750
10 years$27,150$24,541$22,157$19,986$18,012$13,848
11 years$24,430$21,847$19,507$17,394$15,491$11,547
12 years$22,165$19,609$17,312$15,257$13,424$9,695
13 years$20,251$17,721$15,467$13,470$11,706$8,185
14 years$18,611$16,107$13,897$11,957$10,262$6,941
15 years$17,191$14,714$12,547$10,663$9,035$5,909
16 years$15,949$13,500$11,376$9,548$7,985$5,046
17 years$14,855$12,433$10,352$8,579$7,080$4,321
18 years$13,884$11,489$9,450$7,731$6,295$3,707
19 years$13,016$10,648$8,651$6,986$5,611$3,187
20 years$12,235$9,894$7,939$6,327$5,012$2,745
21 years$11,530$9,216$7,303$5,742$4,485$2,366
22 years$10,890$8,603$6,731$5,221$4,020$2,043
23 years$10,306$8,046$6,214$4,755$3,609$1,765
24 years$9,772$7,539$5,747$4,337$3,244$1,527
25 years$9,281$7,075$5,323$3,960$2,919$1,321
26 years$8,829$6,649$4,937$3,621$2,629$1,144
27 years$8,411$6,258$4,584$3,315$2,371$991
28 years$8,024$5,897$4,262$3,037$2,139$860
29 years$7,664$5,563$3,966$2,785$1,931$745
30 years$7,328$5,253$3,694$2,556$1,745$647
31 years$7,015$4,966$3,444$2,347$1,578$561
32 years$6,722$4,699$3,213$2,157$1,427$487
33 years$6,447$4,450$3,000$1,984$1,292$423
34 years$6,189$4,218$2,803$1,825$1,169$367
35 years$5,946$4,000$2,621$1,680$1,059$319
36 years$5,718$3,797$2,452$1,547$960$277
37 years$5,502$3,606$2,295$1,426$870$241
38 years$5,298$3,427$2,149$1,314$789$209
39 years$5,105$3,259$2,013$1,212$715$182
40 years$4,922$3,101$1,887$1,118$649$158
41 years$4,748$2,951$1,770$1,031$588$137
42 years$4,583$2,811$1,660$952$534$119
43 years$4,427$2,678$1,558$878$485$104
44 years$4,277$2,553$1,462$811$440$90
45 years$4,135$2,434$1,373$749$399$78
46 years$3,999$2,322$1,289$692$363$68
47 years$3,870$2,216$1,211$639$329$59
48 years$3,746$2,116$1,138$591$299$52
49 years$3,628$2,020$1,070$546$272$45
50 years$3,515$1,930$1,006$505$247$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,600,000, adding $4,297 every year, while hoping to spend $42,907 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: 84/11/5 Blend
58$3,600,000$3,600,000$3,600,000$3,600,000
59$3,971,632$3,780,832$3,725,032$4,304,811
60$4,331,086$3,920,440$3,804,168$4,662,394
61$4,725,766$4,065,451$3,884,517$5,048,759
62$5,159,220$4,216,084$3,966,074$5,471,733
63$5,635,356$4,372,568$4,048,834$5,934,958
64$6,158,480$4,535,141$4,132,787$6,442,447
65$6,733,335$4,704,053$4,217,925$6,998,620
66$7,365,145$4,879,562$4,304,236$7,608,342
67$8,059,668$5,061,938$4,391,705$8,276,973
68$8,823,245$5,251,465$4,480,319$9,010,415
69$9,662,865$5,448,435$4,570,058$9,815,170
70$10,586,224$5,653,155$4,660,902$10,698,399
71$11,601,805$5,865,946$4,752,828$11,667,988
72$12,718,953$6,087,141$4,845,812$12,732,626
73$13,947,963$6,317,088$4,939,823$13,901,881
74$15,300,180$6,556,150$5,034,832$15,186,296
75$16,788,103$6,804,706$5,130,804$16,597,483
76$18,425,505$7,063,152$5,227,701$18,148,234
77$20,227,559$7,331,899$5,325,482$19,852,643
78$22,210,987$7,611,379$5,424,102$21,726,233
79$24,394,211$7,902,040$5,523,513$23,786,110
80$26,797,532$8,204,351$5,623,662$26,051,115
81$29,443,317$8,518,801$5,724,491$28,542,008
82$32,356,214$8,845,901$5,825,941$31,281,661
83$35,563,381$9,186,184$5,927,943$34,295,272
84$39,094,745$9,540,206$6,030,428$37,610,603
85$42,983,281$9,908,547$6,133,320$41,258,244
86$47,265,325$10,291,815$6,236,535$45,271,895
87$51,980,916$10,690,643$6,339,987$49,688,689
88$57,174,176$11,105,690$6,443,583$54,549,539
89$62,893,721$11,537,648$6,547,222$59,899,524
90$69,193,124$11,987,237$6,650,798$65,788,314
91$76,131,420$12,455,209$6,754,197$72,270,637
92$83,773,662$12,942,351$6,857,299$79,406,795
93$92,191,532$13,449,483$6,959,975$87,263,233
94$101,464,024$13,977,462$7,062,090$95,913,164
95$111,678,181$14,527,185$7,163,497$105,437,261
96$122,929,925$15,099,586$7,264,043$115,924,415
97$135,324,954$15,695,643$7,363,565$127,472,575
98$148,979,746$16,316,376$7,461,891$140,189,670
99$164,022,653$16,962,852$7,558,838$154,194,629
100$180,595,117$17,636,185$7,654,213$169,618,498