Can I retire at age 59 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$305,543$302,821$300,166$297,574$295,043$284,010
2 years$151,259$148,442$145,711$143,064$140,497$129,508
3 years$99,837$97,008$94,285$91,663$89,137$78,537
4 years$74,132$71,311$68,615$66,038$63,573$53,444
5 years$58,713$55,909$53,248$50,723$48,327$38,694
6 years$48,436$45,654$43,033$40,564$38,240$29,110
7 years$41,099$38,340$35,760$33,350$31,099$22,470
8 years$35,599$32,864$30,328$27,976$25,800$17,664
9 years$31,323$28,614$26,121$23,830$21,727$14,072
10 years$27,904$25,222$22,773$20,541$18,513$11,325
11 years$25,109$22,454$20,049$17,877$15,921$9,186
12 years$22,781$20,153$17,793$15,681$13,797$7,497
13 years$20,813$18,213$15,897$13,844$12,031$6,148
14 years$19,128$16,555$14,283$12,289$10,547$5,062
15 years$17,668$15,123$12,896$10,960$9,286$4,180
16 years$16,392$13,875$11,692$9,813$8,207$3,461
17 years$15,268$12,779$10,639$8,817$7,277$2,872
18 years$14,269$11,808$9,712$7,946$6,470$2,387
19 years$13,377$10,944$8,891$7,180$5,767$1,987
20 years$12,575$10,169$8,160$6,503$5,151$1,656
21 years$11,850$9,472$7,506$5,902$4,610$1,381
22 years$11,192$8,842$6,917$5,366$4,132$1,153
23 years$10,593$8,270$6,387$4,887$3,709$963
24 years$10,044$7,748$5,907$4,457$3,334$805
25 years$9,539$7,271$5,471$4,070$3,000$673
26 years$9,074$6,834$5,074$3,722$2,702$563
27 years$8,645$6,431$4,712$3,407$2,436$471
28 years$8,246$6,060$4,380$3,121$2,198$395
29 years$7,876$5,717$4,076$2,862$1,985$330
30 years$7,532$5,399$3,797$2,627$1,794$277
31 years$7,210$5,104$3,540$2,413$1,622$232
32 years$6,909$4,830$3,303$2,217$1,467$194
33 years$6,626$4,574$3,084$2,039$1,328$163
34 years$6,361$4,335$2,881$1,876$1,202$136
35 years$6,112$4,111$2,694$1,727$1,089$114
36 years$5,876$3,902$2,520$1,590$986$96
37 years$5,655$3,706$2,359$1,465$894$80
38 years$5,445$3,522$2,209$1,351$810$67
39 years$5,247$3,349$2,069$1,245$735$56
40 years$5,058$3,187$1,940$1,149$667$47
41 years$4,880$3,033$1,819$1,060$605$40
42 years$4,711$2,889$1,706$978$549$33
43 years$4,550$2,753$1,601$903$498$28
44 years$4,396$2,624$1,503$834$452$23
45 years$4,250$2,502$1,411$770$410$20
46 years$4,111$2,387$1,325$711$373$16
47 years$3,978$2,278$1,245$657$338$14
48 years$3,850$2,174$1,170$607$307$11
49 years$3,729$2,076$1,100$561$279$10
50 years$3,612$1,984$1,034$519$253$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,700,000, adding $4,941 every year, while hoping to spend $27,731 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: 63/17/20 Blend
58$3,700,000$3,700,000$3,700,000$3,700,000
59$4,082,497$3,886,397$3,829,047$4,318,435
60$4,469,406$4,047,325$3,927,814$4,638,908
61$4,894,850$4,215,208$4,028,961$4,985,196
62$5,362,731$4,390,360$4,132,537$5,362,747
63$5,877,347$4,573,105$4,238,595$5,774,614
64$6,443,434$4,763,784$4,347,185$6,224,156
65$7,066,209$4,962,755$4,458,361$6,715,070
66$7,751,422$5,170,390$4,572,176$7,251,425
67$8,505,408$5,387,079$4,688,684$7,837,700
68$9,335,145$5,613,232$4,807,941$8,478,825
69$10,248,324$5,849,275$4,930,001$9,180,227
70$11,253,419$6,095,655$5,054,922$9,947,879
71$12,359,766$6,352,840$5,182,760$10,788,360
72$13,577,653$6,621,320$5,313,573$11,708,912
73$14,918,416$6,901,608$5,447,421$12,717,507
74$16,394,546$7,194,238$5,584,361$13,822,925
75$18,019,807$7,499,772$5,724,454$15,034,836
76$19,809,364$7,818,798$5,867,760$16,363,884
77$21,779,930$8,151,929$6,014,340$17,821,795
78$23,949,918$8,499,809$6,164,256$19,421,481
79$26,339,621$8,863,111$6,317,570$21,177,163
80$28,971,398$9,242,540$6,474,344$23,104,502
81$31,869,888$9,638,832$6,634,642$25,220,749
82$35,062,242$10,052,760$6,798,528$27,544,905
83$38,578,377$10,485,131$6,966,065$30,097,897
84$42,451,261$10,936,792$7,137,317$32,902,779
85$46,717,222$11,408,628$7,312,350$35,984,942
86$51,416,294$11,901,565$7,491,229$39,372,359
87$56,592,589$12,416,575$7,674,018$43,095,843
88$62,294,719$12,954,673$7,860,784$47,189,337
89$68,576,251$13,516,923$8,051,591$51,690,236
90$75,496,215$14,104,439$8,246,506$56,639,731
91$83,119,659$14,718,386$8,445,593$62,083,207
92$91,518,263$15,359,985$8,648,920$68,070,658
93$100,771,017$16,030,516$8,856,550$74,657,167
94$110,964,965$16,731,316$9,068,549$81,903,417
95$122,196,029$17,463,788$9,284,983$89,876,265
96$134,569,909$18,229,399$9,505,915$98,649,371
97$148,203,086$19,029,686$9,731,409$108,303,891
98$163,223,920$19,866,259$9,961,530$118,929,239
99$179,773,858$20,740,804$10,196,340$130,623,931
100$198,008,774$21,655,086$10,435,900$143,496,512