Can I retire at age 59 with 3,900,000?

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 $3,900,000?

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%
1 years$322,058$319,190$316,391$313,659$310,991$308,257
2 years$159,435$156,466$153,588$150,798$148,091$145,336
3 years$105,234$102,252$99,381$96,617$93,955$91,264
4 years$78,139$75,166$72,324$69,607$67,010$64,404
5 years$61,886$58,931$56,127$53,465$50,940$48,426
6 years$51,055$48,122$45,359$42,757$40,307$37,889
7 years$43,321$40,412$37,693$35,153$32,780$30,460
8 years$37,523$34,641$31,967$29,489$27,194$24,971
9 years$33,016$30,161$27,533$25,118$22,902$20,774
10 years$29,412$26,586$24,004$21,652$19,513$17,481
11 years$26,466$23,668$21,133$18,843$16,782$14,843
12 years$24,013$21,243$18,755$16,528$14,543$12,696
13 years$21,938$19,197$16,756$14,592$12,682$10,924
14 years$20,161$17,450$15,055$12,953$11,117$9,446
15 years$18,623$15,941$13,593$11,552$9,788$8,202
16 years$17,278$14,625$12,324$10,343$8,651$7,147
17 years$16,093$13,469$11,214$9,294$7,670$6,247
18 years$15,041$12,446$10,237$8,375$6,820$5,473
19 years$14,100$11,535$9,372$7,568$6,079$4,807
20 years$13,255$10,719$8,601$6,854$5,430$4,229
21 years$12,491$9,984$7,911$6,221$4,859$3,727
22 years$11,797$9,320$7,291$5,656$4,355$3,289
23 years$11,165$8,717$6,732$5,151$3,910$2,906
24 years$10,586$8,167$6,226$4,698$3,514$2,571
25 years$10,055$7,664$5,767$4,290$3,162$2,277
26 years$9,565$7,203$5,348$3,923$2,848$2,018
27 years$9,112$6,779$4,966$3,591$2,568$1,789
28 years$8,692$6,388$4,617$3,290$2,317$1,588
29 years$8,302$6,026$4,296$3,017$2,092$1,410
30 years$7,939$5,691$4,002$2,769$1,891$1,253
31 years$7,599$5,380$3,731$2,543$1,709$1,114
32 years$7,282$5,091$3,481$2,337$1,546$990
33 years$6,984$4,821$3,250$2,149$1,399$881
34 years$6,705$4,569$3,037$1,977$1,267$784
35 years$6,442$4,334$2,839$1,820$1,147$698
36 years$6,194$4,113$2,656$1,676$1,040$621
37 years$5,960$3,907$2,486$1,545$942$553
38 years$5,739$3,713$2,328$1,424$854$492
39 years$5,530$3,531$2,181$1,313$775$439
40 years$5,332$3,359$2,044$1,211$703$391
41 years$5,144$3,197$1,917$1,117$637$348
42 years$4,965$3,045$1,798$1,031$578$310
43 years$4,795$2,901$1,687$952$525$277
44 years$4,634$2,766$1,584$879$477$247
45 years$4,480$2,637$1,487$812$433$220
46 years$4,333$2,516$1,397$750$393$196
47 years$4,193$2,401$1,312$693$357$175
48 years$4,059$2,292$1,233$640$324$156
49 years$3,930$2,189$1,159$591$294$139
50 years$3,808$2,091$1,090$547$267$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,900,000, adding $2,829 every year, while hoping to spend $49,190 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: 73/14/13 Blend
58$3,900,000$3,900,000$3,900,000$3,900,000
59$4,300,718$4,094,018$4,033,568$4,602,683
60$4,687,054$4,242,287$4,116,355$4,951,106
61$5,111,147$4,396,173$4,200,266$5,326,287
62$5,576,797$4,555,898$4,285,288$5,735,910
63$6,088,189$4,721,696$4,371,404$6,183,374
64$6,649,933$4,893,809$4,458,596$6,672,421
65$7,267,110$5,072,489$4,546,842$7,207,172
66$7,945,313$5,257,998$4,636,119$7,792,163
67$8,690,707$5,450,612$4,726,401$8,432,390
68$9,510,083$5,650,616$4,817,659$9,133,354
69$10,410,922$5,858,307$4,909,862$9,901,113
70$11,401,467$6,073,995$5,002,973$10,742,340
71$12,490,800$6,298,004$5,096,956$11,664,383
72$13,688,926$6,530,671$5,191,768$12,675,333
73$15,006,869$6,772,346$5,287,365$13,784,107
74$16,456,774$7,023,396$5,383,697$15,000,521
75$18,052,025$7,284,202$5,480,710$16,335,391
76$19,807,366$7,555,163$5,578,349$17,800,629
77$21,739,045$7,836,693$5,676,550$19,409,359
78$23,864,961$8,129,224$5,775,248$21,176,034
79$26,204,839$8,433,209$5,874,372$23,116,581
80$28,780,413$8,749,117$5,973,844$25,248,540
81$31,615,631$9,077,438$6,073,582$27,591,239
82$34,736,878$9,418,686$6,173,500$30,165,969
83$38,173,230$9,773,392$6,273,503$32,996,185
84$41,956,726$10,142,115$6,373,492$36,107,729
85$46,122,668$10,525,435$6,473,361$39,529,072
86$50,709,957$10,923,957$6,572,994$43,291,582
87$55,761,456$11,338,315$6,672,274$47,429,819
88$61,324,400$11,769,167$6,771,070$51,981,859
89$67,450,835$12,217,203$6,869,247$56,989,657
90$74,198,113$12,683,139$6,966,660$62,499,435
91$81,629,434$13,167,726$7,063,156$68,562,125
92$89,814,438$13,671,746$7,158,573$75,233,842
93$98,829,864$14,196,015$7,252,739$82,576,419
94$108,760,275$14,741,385$7,345,471$90,657,983
95$119,698,857$15,308,747$7,436,578$99,553,603
96$131,748,292$15,899,027$7,525,855$109,345,993
97$145,021,735$16,513,196$7,613,088$120,126,295
98$159,643,874$17,152,265$7,698,049$131,994,936
99$175,752,115$17,817,292$7,780,499$145,062,573
100$193,497,870$18,509,378$7,860,185$159,451,142