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%12%
1 years$305,543$302,821$300,166$297,574$295,043$292,571
2 years$151,259$148,442$145,711$143,064$140,497$138,005
3 years$99,837$97,008$94,285$91,663$89,137$86,703
4 years$74,132$71,311$68,615$66,038$63,573$61,216
5 years$58,713$55,909$53,248$50,723$48,327$46,054
6 years$48,436$45,654$43,033$40,564$38,240$36,052
7 years$41,099$38,340$35,760$33,350$31,099$28,999
8 years$35,599$32,864$30,328$27,976$25,800$23,787
9 years$31,323$28,614$26,121$23,830$21,727$19,801
10 years$27,904$25,222$22,773$20,541$18,513$16,672
11 years$25,109$22,454$20,049$17,877$15,921$14,165
12 years$22,781$20,153$17,793$15,681$13,797$12,123
13 years$20,813$18,213$15,897$13,844$12,031$10,438
14 years$19,128$16,555$14,283$12,289$10,547$9,032
15 years$17,668$15,123$12,896$10,960$9,286$7,848
16 years$16,392$13,875$11,692$9,813$8,207$6,843
17 years$15,268$12,779$10,639$8,817$7,277$5,985
18 years$14,269$11,808$9,712$7,946$6,470$5,248
19 years$13,377$10,944$8,891$7,180$5,767$4,612
20 years$12,575$10,169$8,160$6,503$5,151$4,061
21 years$11,850$9,472$7,506$5,902$4,610$3,581
22 years$11,192$8,842$6,917$5,366$4,132$3,163
23 years$10,593$8,270$6,387$4,887$3,709$2,797
24 years$10,044$7,748$5,907$4,457$3,334$2,476
25 years$9,539$7,271$5,471$4,070$3,000$2,194
26 years$9,074$6,834$5,074$3,722$2,702$1,946
27 years$8,645$6,431$4,712$3,407$2,436$1,727
28 years$8,246$6,060$4,380$3,121$2,198$1,534
29 years$7,876$5,717$4,076$2,862$1,985$1,363
30 years$7,532$5,399$3,797$2,627$1,794$1,212
31 years$7,210$5,104$3,540$2,413$1,622$1,078
32 years$6,909$4,830$3,303$2,217$1,467$960
33 years$6,626$4,574$3,084$2,039$1,328$854
34 years$6,361$4,335$2,881$1,876$1,202$761
35 years$6,112$4,111$2,694$1,727$1,089$678
36 years$5,876$3,902$2,520$1,590$986$604
37 years$5,655$3,706$2,359$1,465$894$538
38 years$5,445$3,522$2,209$1,351$810$480
39 years$5,247$3,349$2,069$1,245$735$428
40 years$5,058$3,187$1,940$1,149$667$381
41 years$4,880$3,033$1,819$1,060$605$340
42 years$4,711$2,889$1,706$978$549$303
43 years$4,550$2,753$1,601$903$498$271
44 years$4,396$2,624$1,503$834$452$241
45 years$4,250$2,502$1,411$770$410$215
46 years$4,111$2,387$1,325$711$373$192
47 years$3,978$2,278$1,245$657$338$172
48 years$3,850$2,174$1,170$607$307$153
49 years$3,729$2,076$1,100$561$279$137
50 years$3,612$1,984$1,034$519$253$122

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 $5,318 every year, while hoping to spend $54,694 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: 34/39/27 Blend
58$3,700,000$3,700,000$3,700,000$3,700,000
59$4,082,886$3,886,786$3,829,436$4,188,139
60$4,441,146$4,019,044$3,899,528$4,400,040
61$4,834,116$4,155,950$3,970,135$4,623,105
62$5,265,277$4,297,674$4,041,216$4,862,587
63$5,738,467$4,444,391$4,112,729$5,119,983
64$6,257,911$4,596,286$4,184,625$5,396,939
65$6,828,262$4,753,549$4,256,854$5,695,262
66$7,454,649$4,916,377$4,329,363$6,016,938
67$8,142,719$5,084,975$4,402,092$6,364,153
68$8,898,695$5,259,557$4,474,981$6,739,308
69$9,729,431$5,440,344$4,547,962$7,145,042
70$10,642,478$5,627,567$4,620,964$7,584,261
71$11,646,157$5,821,464$4,693,913$8,060,157
72$12,749,633$6,022,283$4,766,726$8,576,245
73$13,963,003$6,230,283$4,839,320$9,136,390
74$15,297,394$6,445,732$4,911,601$9,744,844
75$16,765,063$6,668,907$4,983,475$10,406,287
76$18,379,516$6,900,100$5,054,837$11,125,870
77$20,155,631$7,139,609$5,125,579$11,909,260
78$22,109,805$7,387,750$5,195,585$12,762,696
79$24,260,101$7,644,845$5,264,733$13,693,046
80$26,626,422$7,911,233$5,332,893$14,707,869
81$29,230,700$8,187,266$5,399,927$15,815,487
82$32,097,098$8,473,309$5,465,691$17,025,064
83$35,252,241$8,769,741$5,530,032$18,346,689
84$38,725,469$9,076,957$5,592,787$19,791,469
85$42,549,107$9,395,369$5,653,785$21,371,639
86$46,758,776$9,725,402$5,712,847$23,100,669
87$51,393,725$10,067,500$5,769,782$24,993,393
88$56,497,204$10,422,127$5,824,388$27,066,149
89$62,116,870$10,789,762$5,876,456$29,336,932
90$68,305,235$11,170,905$5,925,762$31,825,560
91$75,120,166$11,566,076$5,972,072$34,553,861
92$82,625,425$11,975,816$6,015,138$37,545,879
93$90,891,275$12,400,687$6,054,702$40,828,098
94$99,995,140$12,841,277$6,090,490$44,429,691
95$110,022,338$13,298,193$6,122,215$48,382,794
96$121,066,883$13,772,070$6,149,575$52,722,807
97$133,232,372$14,263,569$6,172,254$57,488,730
98$146,632,967$14,773,376$6,189,916$62,723,524
99$161,394,465$15,302,207$6,202,214$68,474,518
100$177,655,491$15,850,806$6,208,779$74,793,855