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%16.5%
1 years$305,543$302,821$300,166$297,574$295,043$287,212
2 years$151,259$148,442$145,711$143,064$140,497$132,661
3 years$99,837$97,008$94,285$91,663$89,137$81,543
4 years$74,132$71,311$68,615$66,038$63,573$56,279
5 years$58,713$55,909$53,248$50,723$48,327$41,352
6 years$48,436$45,654$43,033$40,564$38,240$31,591
7 years$41,099$38,340$35,760$33,350$31,099$24,778
8 years$35,599$32,864$30,328$27,976$25,800$19,802
9 years$31,323$28,614$26,121$23,830$21,727$16,048
10 years$27,904$25,222$22,773$20,541$18,513$13,144
11 years$25,109$22,454$20,049$17,877$15,921$10,856
12 years$22,781$20,153$17,793$15,681$13,797$9,026
13 years$20,813$18,213$15,897$13,844$12,031$7,544
14 years$19,128$16,555$14,283$12,289$10,547$6,333
15 years$17,668$15,123$12,896$10,960$9,286$5,335
16 years$16,392$13,875$11,692$9,813$8,207$4,507
17 years$15,268$12,779$10,639$8,817$7,277$3,818
18 years$14,269$11,808$9,712$7,946$6,470$3,240
19 years$13,377$10,944$8,891$7,180$5,767$2,754
20 years$12,575$10,169$8,160$6,503$5,151$2,345
21 years$11,850$9,472$7,506$5,902$4,610$1,999
22 years$11,192$8,842$6,917$5,366$4,132$1,706
23 years$10,593$8,270$6,387$4,887$3,709$1,457
24 years$10,044$7,748$5,907$4,457$3,334$1,245
25 years$9,539$7,271$5,471$4,070$3,000$1,065
26 years$9,074$6,834$5,074$3,722$2,702$911
27 years$8,645$6,431$4,712$3,407$2,436$780
28 years$8,246$6,060$4,380$3,121$2,198$668
29 years$7,876$5,717$4,076$2,862$1,985$572
30 years$7,532$5,399$3,797$2,627$1,794$490
31 years$7,210$5,104$3,540$2,413$1,622$420
32 years$6,909$4,830$3,303$2,217$1,467$360
33 years$6,626$4,574$3,084$2,039$1,328$309
34 years$6,361$4,335$2,881$1,876$1,202$265
35 years$6,112$4,111$2,694$1,727$1,089$227
36 years$5,876$3,902$2,520$1,590$986$195
37 years$5,655$3,706$2,359$1,465$894$167
38 years$5,445$3,522$2,209$1,351$810$143
39 years$5,247$3,349$2,069$1,245$735$123
40 years$5,058$3,187$1,940$1,149$667$106
41 years$4,880$3,033$1,819$1,060$605$91
42 years$4,711$2,889$1,706$978$549$78
43 years$4,550$2,753$1,601$903$498$67
44 years$4,396$2,624$1,503$834$452$57
45 years$4,250$2,502$1,411$770$410$49
46 years$4,111$2,387$1,325$711$373$42
47 years$3,978$2,278$1,245$657$338$36
48 years$3,850$2,174$1,170$607$307$31
49 years$3,729$2,076$1,100$561$279$27
50 years$3,612$1,984$1,034$519$253$23

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 $2,074 every year, while hoping to spend $54,770 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: 39/37/24 Blend
58$3,700,000$3,700,000$3,700,000$3,700,000
59$4,079,539$3,883,439$3,826,089$4,209,466
60$4,437,377$4,015,453$3,895,988$4,435,818
61$4,829,879$4,152,100$3,966,394$4,675,129
62$5,260,523$4,293,549$4,037,264$4,932,815
63$5,733,139$4,439,975$4,108,555$5,210,580
64$6,251,948$4,591,562$4,180,220$5,510,298
65$6,821,597$4,748,499$4,252,207$5,834,026
66$7,447,206$4,910,982$4,324,463$6,184,029
67$8,134,417$5,079,216$4,396,928$6,562,795
68$8,889,442$5,253,412$4,469,540$6,973,061
69$9,719,127$5,433,791$4,542,231$7,417,839
70$10,631,013$5,620,582$4,614,931$7,900,442
71$11,633,409$5,814,023$4,687,564$8,424,512
72$12,735,467$6,014,361$4,760,048$8,994,061
73$13,947,272$6,221,851$4,832,296$9,613,500
74$15,279,933$6,436,762$4,904,218$10,287,685
75$16,745,692$6,659,369$4,975,715$11,021,961
76$18,358,036$6,889,961$5,046,685$11,822,210
77$20,131,824$7,128,837$5,117,017$12,694,907
78$22,083,428$7,376,308$5,186,595$13,647,181
79$24,230,887$7,632,697$5,255,295$14,686,881
80$26,594,078$7,898,340$5,322,989$15,822,646
81$29,194,902$8,173,586$5,389,536$17,063,991
82$32,057,488$8,458,799$5,454,792$18,421,391
83$35,208,427$8,754,355$5,518,603$19,906,383
84$38,677,015$9,060,647$5,580,805$21,531,670
85$42,495,536$9,378,083$5,641,226$23,311,242
86$46,699,559$9,707,088$5,699,686$25,260,507
87$51,328,281$10,048,103$5,755,993$27,396,434
88$56,424,892$10,401,586$5,809,945$29,737,715
89$62,036,983$10,768,016$5,861,330$32,304,936
90$68,216,995$11,147,888$5,909,924$35,120,772
91$75,022,714$11,541,720$5,955,492$38,210,202
92$82,517,815$11,950,048$5,997,785$41,600,737
93$90,772,464$12,373,432$6,036,542$45,322,689
94$99,863,978$12,812,454$6,071,490$49,409,442
95$109,877,558$13,267,718$6,102,339$53,897,780
96$120,907,088$13,739,855$6,128,786$58,828,220
97$133,056,024$14,229,521$6,150,513$64,245,403
98$146,438,368$14,737,397$6,167,185$70,198,505
99$161,179,746$15,264,194$6,178,450$76,741,708
100$177,418,591$15,810,651$6,183,940$83,934,703