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%15.1%
1 years$305,543$302,821$300,166$297,574$295,043$288,850
2 years$151,259$148,442$145,711$143,064$140,497$134,286
3 years$99,837$97,008$94,285$91,663$89,137$83,103
4 years$74,132$71,311$68,615$66,038$63,573$57,763
5 years$58,713$55,909$53,248$50,723$48,327$42,756
6 years$48,436$45,654$43,033$40,564$38,240$32,914
7 years$41,099$38,340$35,760$33,350$31,099$26,020
8 years$35,599$32,864$30,328$27,976$25,800$20,966
9 years$31,323$28,614$26,121$23,830$21,727$17,135
10 years$27,904$25,222$22,773$20,541$18,513$14,157
11 years$25,109$22,454$20,049$17,877$15,921$11,797
12 years$22,781$20,153$17,793$15,681$13,797$9,899
13 years$20,813$18,213$15,897$13,844$12,031$8,351
14 years$19,128$16,555$14,283$12,289$10,547$7,078
15 years$17,668$15,123$12,896$10,960$9,286$6,021
16 years$16,392$13,875$11,692$9,813$8,207$5,138
17 years$15,268$12,779$10,639$8,817$7,277$4,396
18 years$14,269$11,808$9,712$7,946$6,470$3,770
19 years$13,377$10,944$8,891$7,180$5,767$3,238
20 years$12,575$10,169$8,160$6,503$5,151$2,786
21 years$11,850$9,472$7,506$5,902$4,610$2,401
22 years$11,192$8,842$6,917$5,366$4,132$2,071
23 years$10,593$8,270$6,387$4,887$3,709$1,788
24 years$10,044$7,748$5,907$4,457$3,334$1,545
25 years$9,539$7,271$5,471$4,070$3,000$1,336
26 years$9,074$6,834$5,074$3,722$2,702$1,156
27 years$8,645$6,431$4,712$3,407$2,436$1,001
28 years$8,246$6,060$4,380$3,121$2,198$867
29 years$7,876$5,717$4,076$2,862$1,985$751
30 years$7,532$5,399$3,797$2,627$1,794$651
31 years$7,210$5,104$3,540$2,413$1,622$565
32 years$6,909$4,830$3,303$2,217$1,467$490
33 years$6,626$4,574$3,084$2,039$1,328$425
34 years$6,361$4,335$2,881$1,876$1,202$369
35 years$6,112$4,111$2,694$1,727$1,089$320
36 years$5,876$3,902$2,520$1,590$986$278
37 years$5,655$3,706$2,359$1,465$894$241
38 years$5,445$3,522$2,209$1,351$810$209
39 years$5,247$3,349$2,069$1,245$735$182
40 years$5,058$3,187$1,940$1,149$667$158
41 years$4,880$3,033$1,819$1,060$605$137
42 years$4,711$2,889$1,706$978$549$119
43 years$4,550$2,753$1,601$903$498$103
44 years$4,396$2,624$1,503$834$452$90
45 years$4,250$2,502$1,411$770$410$78
46 years$4,111$2,387$1,325$711$373$68
47 years$3,978$2,278$1,245$657$338$59
48 years$3,850$2,174$1,170$607$307$51
49 years$3,729$2,076$1,100$561$279$44
50 years$3,612$1,984$1,034$519$253$39

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 $5,393 every year, while hoping to spend $23,482 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: 32/46/22 Blend
58$3,700,000$3,700,000$3,700,000$3,700,000
59$4,082,963$3,886,863$3,829,513$4,185,751
60$4,474,440$4,052,334$3,932,817$4,429,048
61$4,905,062$4,225,127$4,038,795$4,688,427
62$5,378,794$4,405,575$4,147,511$4,967,327
63$5,900,011$4,594,027$4,259,031$5,267,473
64$6,473,527$4,790,850$4,373,424$5,590,756
65$7,104,651$4,996,426$4,490,758$5,939,248
66$7,799,231$5,211,156$4,611,104$6,315,221
67$8,563,710$5,435,460$4,734,534$6,721,166
68$9,405,188$5,669,777$4,861,120$7,159,816
69$10,331,488$5,914,567$4,990,939$7,634,167
70$11,351,230$6,170,312$5,124,065$8,147,510
71$12,473,913$6,437,514$5,260,579$8,703,455
72$13,710,003$6,716,703$5,400,559$9,305,966
73$15,071,031$7,008,430$5,544,086$9,959,394
74$16,569,707$7,313,273$5,691,243$10,668,519
75$18,220,033$7,631,839$5,842,116$11,438,591
76$20,037,439$7,964,762$5,996,789$12,275,375
77$22,038,927$8,312,705$6,155,351$13,185,210
78$24,243,234$8,676,364$6,317,892$14,175,057
79$26,671,005$9,056,467$6,484,502$15,252,569
80$29,344,990$9,453,776$6,655,275$16,426,158
81$32,290,258$9,869,090$6,830,306$17,705,071
82$35,534,433$10,303,245$7,009,690$19,099,475
83$39,107,958$10,757,116$7,193,527$20,620,550
84$43,044,375$11,231,621$7,381,916$22,280,591
85$47,380,651$11,727,719$7,574,960$24,093,119
86$52,157,518$12,246,418$7,772,762$26,073,007
87$57,419,863$12,788,770$7,975,427$28,236,617
88$63,217,148$13,355,880$8,183,064$30,601,949
89$69,603,882$13,948,902$8,395,780$33,188,806
90$76,640,127$14,569,048$8,613,688$36,018,979
91$84,392,074$15,217,585$8,836,901$39,116,448
92$92,932,661$15,895,842$9,065,532$42,507,599
93$102,342,264$16,605,210$9,299,700$46,221,476
94$112,709,457$17,347,148$9,539,522$50,290,043
95$124,131,845$18,123,181$9,785,119$54,748,483
96$136,716,986$18,934,910$10,036,613$59,635,527
97$150,583,408$19,784,009$10,294,129$64,993,808
98$165,861,725$20,672,235$10,557,792$70,870,263
99$182,695,873$21,601,427$10,827,730$77,316,565
100$201,244,466$22,573,511$11,104,073$84,389,607