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%11.4%
1 years$297,285$294,637$292,053$289,531$287,069$285,380
2 years$147,171$144,430$141,773$139,198$136,700$134,995
3 years$97,139$94,386$91,737$89,185$86,728$85,061
4 years$72,128$69,384$66,761$64,253$61,855$60,239
5 years$57,126$54,398$51,809$49,352$47,021$45,460
6 years$47,127$44,420$41,869$39,468$37,206$35,703
7 years$39,988$37,304$34,794$32,448$30,259$28,813
8 years$34,637$31,976$29,508$27,220$25,102$23,715
9 years$30,476$27,841$25,415$23,186$21,140$19,811
10 years$27,150$24,541$22,157$19,986$18,012$16,740
11 years$24,430$21,847$19,507$17,394$15,491$14,275
12 years$22,165$19,609$17,312$15,257$13,424$12,264
13 years$20,251$17,721$15,467$13,470$11,706$10,600
14 years$18,611$16,107$13,897$11,957$10,262$9,208
15 years$17,191$14,714$12,547$10,663$9,035$8,033
16 years$15,949$13,500$11,376$9,548$7,985$7,033
17 years$14,855$12,433$10,352$8,579$7,080$6,177
18 years$13,884$11,489$9,450$7,731$6,295$5,439
19 years$13,016$10,648$8,651$6,986$5,611$4,800
20 years$12,235$9,894$7,939$6,327$5,012$4,245
21 years$11,530$9,216$7,303$5,742$4,485$3,760
22 years$10,890$8,603$6,731$5,221$4,020$3,336
23 years$10,306$8,046$6,214$4,755$3,609$2,964
24 years$9,772$7,539$5,747$4,337$3,244$2,636
25 years$9,281$7,075$5,323$3,960$2,919$2,347
26 years$8,829$6,649$4,937$3,621$2,629$2,091
27 years$8,411$6,258$4,584$3,315$2,371$1,865
28 years$8,024$5,897$4,262$3,037$2,139$1,664
29 years$7,664$5,563$3,966$2,785$1,931$1,486
30 years$7,328$5,253$3,694$2,556$1,745$1,328
31 years$7,015$4,966$3,444$2,347$1,578$1,187
32 years$6,722$4,699$3,213$2,157$1,427$1,062
33 years$6,447$4,450$3,000$1,984$1,292$950
34 years$6,189$4,218$2,803$1,825$1,169$850
35 years$5,946$4,000$2,621$1,680$1,059$761
36 years$5,718$3,797$2,452$1,547$960$681
37 years$5,502$3,606$2,295$1,426$870$610
38 years$5,298$3,427$2,149$1,314$789$547
39 years$5,105$3,259$2,013$1,212$715$490
40 years$4,922$3,101$1,887$1,118$649$439
41 years$4,748$2,951$1,770$1,031$588$394
42 years$4,583$2,811$1,660$952$534$353
43 years$4,427$2,678$1,558$878$485$317
44 years$4,277$2,553$1,462$811$440$284
45 years$4,135$2,434$1,373$749$399$255
46 years$3,999$2,322$1,289$692$363$228
47 years$3,870$2,216$1,211$639$329$205
48 years$3,746$2,116$1,138$591$299$184
49 years$3,628$2,020$1,070$546$272$165
50 years$3,515$1,930$1,006$505$247$148

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 $2,216 every year, while hoping to spend $35,972 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: 33/42/25 Blend
58$3,600,000$3,600,000$3,600,000$3,600,000
59$3,969,486$3,778,686$3,722,886$4,070,114
60$4,336,099$3,925,567$3,809,329$4,293,024
61$4,738,902$4,078,441$3,897,461$4,529,707
62$5,181,547$4,237,561$3,987,303$4,784,075
63$5,668,059$4,403,196$4,078,872$5,057,715
64$6,202,872$4,575,623$4,172,185$5,352,366
65$6,790,870$4,755,135$4,267,259$5,669,937
66$7,437,437$4,942,034$4,364,111$6,012,524
67$8,148,502$5,136,640$4,462,754$6,382,427
68$8,930,597$5,339,283$4,563,205$6,782,172
69$9,790,921$5,550,311$4,665,475$7,214,533
70$10,737,404$5,770,085$4,769,577$7,682,556
71$11,778,784$5,998,985$4,875,523$8,189,589
72$12,924,689$6,237,404$4,983,322$8,739,311
73$14,185,727$6,485,757$5,092,983$9,335,763
74$15,573,587$6,744,475$5,204,514$9,983,387
75$17,101,148$7,014,008$5,317,920$10,687,069
76$18,782,600$7,294,830$5,433,205$11,452,177
77$20,633,579$7,587,431$5,550,372$12,284,615
78$22,671,316$7,892,327$5,669,421$13,190,877
79$24,914,795$8,210,055$5,790,352$14,178,103
80$27,384,936$8,541,180$5,913,160$15,254,148
81$30,104,789$8,886,287$6,037,840$16,427,652
82$33,099,755$9,245,993$6,164,385$17,708,121
83$36,397,822$9,620,938$6,292,784$19,106,014
84$40,029,831$10,011,796$6,423,024$20,632,839
85$44,029,768$10,419,268$6,555,089$22,301,261
86$48,435,080$10,844,088$6,688,961$24,125,217
87$53,287,034$11,287,023$6,824,616$26,120,046
88$58,631,101$11,748,878$6,962,031$28,302,633
89$64,517,391$12,230,490$7,101,176$30,691,561
90$71,001,118$12,732,737$7,242,019$33,307,289
91$78,143,128$13,256,538$7,384,523$36,172,340
92$86,010,471$13,802,852$7,528,648$39,311,508
93$94,677,029$14,372,682$7,674,348$42,752,094
94$104,224,222$14,967,079$7,821,575$46,524,155
95$114,741,768$15,587,141$7,970,272$50,660,789
96$126,328,533$16,234,016$8,120,382$55,198,440
97$139,093,466$16,908,905$8,271,837$60,177,241
98$153,156,625$17,613,067$8,424,569$65,641,389
99$168,650,307$18,347,814$8,578,499$71,639,553
100$185,720,304$19,114,522$8,733,544$78,225,338