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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$322,058$319,190$316,391$313,659$310,991$298,889
2 years$159,435$156,466$153,588$150,798$148,091$136,044
3 years$105,234$102,252$99,381$96,617$93,955$82,343
4 years$78,139$75,166$72,324$69,607$67,010$55,921
5 years$61,886$58,931$56,127$53,465$50,940$40,402
6 years$51,055$48,122$45,359$42,757$40,307$30,328
7 years$43,321$40,412$37,693$35,153$32,780$23,357
8 years$37,523$34,641$31,967$29,489$27,194$18,317
9 years$33,016$30,161$27,533$25,118$22,902$14,557
10 years$29,412$26,586$24,004$21,652$19,513$11,686
11 years$26,466$23,668$21,133$18,843$16,782$9,454
12 years$24,013$21,243$18,755$16,528$14,543$7,695
13 years$21,938$19,197$16,756$14,592$12,682$6,293
14 years$20,161$17,450$15,055$12,953$11,117$5,166
15 years$18,623$15,941$13,593$11,552$9,788$4,255
16 years$17,278$14,625$12,324$10,343$8,651$3,513
17 years$16,093$13,469$11,214$9,294$7,670$2,906
18 years$15,041$12,446$10,237$8,375$6,820$2,408
19 years$14,100$11,535$9,372$7,568$6,079$1,998
20 years$13,255$10,719$8,601$6,854$5,430$1,660
21 years$12,491$9,984$7,911$6,221$4,859$1,381
22 years$11,797$9,320$7,291$5,656$4,355$1,149
23 years$11,165$8,717$6,732$5,151$3,910$957
24 years$10,586$8,167$6,226$4,698$3,514$797
25 years$10,055$7,664$5,767$4,290$3,162$665
26 years$9,565$7,203$5,348$3,923$2,848$554
27 years$9,112$6,779$4,966$3,591$2,568$462
28 years$8,692$6,388$4,617$3,290$2,317$386
29 years$8,302$6,026$4,296$3,017$2,092$322
30 years$7,939$5,691$4,002$2,769$1,891$269
31 years$7,599$5,380$3,731$2,543$1,709$224
32 years$7,282$5,091$3,481$2,337$1,546$187
33 years$6,984$4,821$3,250$2,149$1,399$156
34 years$6,705$4,569$3,037$1,977$1,267$131
35 years$6,442$4,334$2,839$1,820$1,147$109
36 years$6,194$4,113$2,656$1,676$1,040$91
37 years$5,960$3,907$2,486$1,545$942$76
38 years$5,739$3,713$2,328$1,424$854$64
39 years$5,530$3,531$2,181$1,313$775$53
40 years$5,332$3,359$2,044$1,211$703$44
41 years$5,144$3,197$1,917$1,117$637$37
42 years$4,965$3,045$1,798$1,031$578$31
43 years$4,795$2,901$1,687$952$525$26
44 years$4,634$2,766$1,584$879$477$22
45 years$4,480$2,637$1,487$812$433$18
46 years$4,333$2,516$1,397$750$393$15
47 years$4,193$2,401$1,312$693$357$13
48 years$4,059$2,292$1,233$640$324$11
49 years$3,930$2,189$1,159$591$294$9
50 years$3,808$2,091$1,090$547$267$7

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 $6,012 every year, while hoping to spend $30,301 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: 78/15/7 Blend
58$3,900,000$3,900,000$3,900,000$3,900,000
59$4,304,001$4,097,301$4,036,851$4,635,750
60$4,710,769$4,265,829$4,139,846$5,022,792
61$5,158,012$4,441,599$4,245,275$5,442,599
62$5,649,827$4,624,934$4,353,189$5,902,091
63$6,190,725$4,816,172$4,463,637$6,405,204
64$6,785,681$5,015,667$4,576,670$6,956,272
65$7,440,172$5,223,786$4,692,341$7,560,065
66$8,160,236$5,440,918$4,810,700$8,221,837
67$8,952,523$5,667,466$4,931,802$8,947,373
68$9,824,361$5,903,853$5,055,698$9,743,042
69$10,783,826$6,150,521$5,182,444$10,615,858
70$11,839,813$6,407,933$5,312,092$11,573,545
71$13,002,126$6,676,574$5,444,700$12,624,611
72$14,281,566$6,956,950$5,580,321$13,778,423
73$15,690,036$7,249,591$5,719,012$15,045,299
74$17,240,650$7,555,051$5,860,829$16,436,605
75$18,947,859$7,873,911$6,005,829$17,964,856
76$20,827,586$8,206,778$6,154,070$19,643,839
77$22,897,378$8,554,288$6,305,609$21,488,742
78$25,176,567$8,917,105$6,460,503$23,516,290
79$27,686,459$9,295,925$6,618,812$25,744,911
80$30,450,529$9,691,477$6,780,594$28,194,903
81$33,494,646$10,104,522$6,945,906$30,888,625
82$36,847,314$10,535,858$7,114,809$33,850,709
83$40,539,946$10,986,321$7,287,361$37,108,290
84$44,607,154$11,456,784$7,463,621$40,691,263
85$49,087,079$11,948,162$7,643,648$44,632,561
86$54,021,752$12,461,412$7,827,500$48,968,466
87$59,457,486$12,997,537$8,015,237$53,738,949
88$65,445,319$13,557,586$8,206,917$58,988,051
89$72,041,491$14,142,657$8,402,598$64,764,290
90$79,307,976$14,753,900$8,602,338$71,121,122
91$87,313,067$15,392,519$8,806,194$78,117,443
92$96,132,022$16,059,774$9,014,223$85,818,143
93$105,847,770$16,756,985$9,226,482$94,294,718
94$116,551,698$17,485,533$9,443,025$103,625,942
95$128,344,512$18,246,865$9,663,907$113,898,608
96$141,337,186$19,042,495$9,889,181$125,208,349
97$155,652,011$19,874,009$10,118,901$137,660,535
98$171,423,748$20,743,068$10,353,117$151,371,266
99$188,800,903$21,651,411$10,591,878$166,468,469
100$207,947,123$22,600,858$10,835,235$183,093,099