Can I retire at age 59 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$330,316$327,374$324,503$321,702$318,966$317,221
2 years$163,523$160,477$157,526$154,664$151,888$150,128
3 years$107,932$104,874$101,930$99,095$96,364$94,643
4 years$80,143$77,093$74,179$71,392$68,728$67,058
5 years$63,473$60,442$57,566$54,836$52,246$50,633
6 years$52,364$49,356$46,522$43,853$41,340$39,787
7 years$44,431$41,449$38,660$36,054$33,621$32,127
8 years$38,485$35,529$32,787$30,245$27,892$26,458
9 years$33,863$30,935$28,239$25,762$23,489$22,114
10 years$30,167$27,267$24,619$22,207$20,014$18,698
11 years$27,145$24,274$21,675$19,327$17,212$15,955
12 years$24,628$21,787$19,236$16,952$14,916$13,715
13 years$22,501$19,689$17,186$14,966$13,007$11,862
14 years$20,678$17,897$15,441$13,285$11,402$10,311
15 years$19,101$16,349$13,942$11,848$10,039$9,001
16 years$17,722$15,000$12,640$10,609$8,873$7,886
17 years$16,506$13,815$11,502$9,532$7,867$6,931
18 years$15,426$12,765$10,500$8,590$6,995$6,107
19 years$14,462$11,831$9,612$7,762$6,235$5,394
20 years$13,595$10,994$8,821$7,030$5,569$4,773
21 years$12,811$10,240$8,114$6,380$4,984$4,232
22 years$12,100$9,559$7,478$5,801$4,467$3,757
23 years$11,451$8,940$6,905$5,283$4,010$3,340
24 years$10,858$8,376$6,386$4,818$3,604$2,973
25 years$10,313$7,861$5,915$4,400$3,243$2,649
26 years$9,810$7,388$5,486$4,024$2,921$2,362
27 years$9,346$6,953$5,094$3,683$2,634$2,108
28 years$8,915$6,552$4,735$3,374$2,377$1,883
29 years$8,515$6,181$4,407$3,094$2,146$1,683
30 years$8,142$5,837$4,105$2,840$1,939$1,505
31 years$7,794$5,518$3,827$2,608$1,753$1,346
32 years$7,469$5,221$3,570$2,397$1,586$1,205
33 years$7,163$4,945$3,334$2,204$1,435$1,079
34 years$6,877$4,686$3,115$2,028$1,299$966
35 years$6,607$4,445$2,912$1,867$1,177$866
36 years$6,353$4,219$2,724$1,719$1,066$776
37 years$6,113$4,007$2,550$1,584$966$696
38 years$5,886$3,808$2,388$1,460$876$624
39 years$5,672$3,621$2,237$1,346$795$560
40 years$5,469$3,445$2,097$1,242$721$502
41 years$5,276$3,279$1,966$1,146$654$450
42 years$5,093$3,123$1,844$1,057$593$404
43 years$4,918$2,976$1,731$976$538$363
44 years$4,753$2,837$1,624$901$489$326
45 years$4,595$2,705$1,525$832$444$292
46 years$4,444$2,580$1,433$769$403$262
47 years$4,300$2,462$1,346$710$366$236
48 years$4,163$2,351$1,265$656$332$211
49 years$4,031$2,245$1,189$607$302$190
50 years$3,905$2,144$1,118$561$274$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,000,000, adding $3,327 every year, while hoping to spend $43,291 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: 65/6/29 Blend
58$4,000,000$4,000,000$4,000,000$4,000,000
59$4,411,432$4,199,432$4,137,432$4,664,000
60$4,815,337$4,359,143$4,229,974$4,995,014
61$5,258,989$4,525,228$4,324,166$5,351,600
62$5,746,397$4,697,956$4,420,017$5,740,448
63$6,281,976$4,877,603$4,517,535$6,164,740
64$6,870,593$5,064,460$4,616,727$6,627,983
65$7,517,606$5,258,831$4,717,600$7,134,034
66$8,228,920$5,461,032$4,820,158$7,687,147
67$9,011,040$5,671,393$4,924,404$8,292,002
68$9,871,134$5,890,259$5,030,339$8,953,755
69$10,817,098$6,117,990$5,137,963$9,678,086
70$11,857,632$6,354,962$5,247,275$10,471,249
71$13,002,322$6,601,566$5,358,270$11,340,135
72$14,261,729$6,858,214$5,470,943$12,292,333
73$15,647,491$7,125,332$5,585,285$13,336,203
74$17,172,429$7,403,367$5,701,287$14,480,954
75$18,850,671$7,692,786$5,818,934$15,736,733
76$20,697,784$7,994,077$5,938,212$17,114,714
77$22,730,918$8,307,747$6,059,103$18,627,212
78$24,968,975$8,634,330$6,181,585$20,287,791
79$27,432,777$8,974,379$6,305,635$22,111,395
80$30,145,271$9,328,474$6,431,226$24,114,489
81$33,131,743$9,697,223$6,558,325$26,315,214
82$36,420,051$10,081,258$6,686,899$28,733,556
83$40,040,896$10,481,239$6,816,910$31,391,535
84$44,028,106$10,897,859$6,948,316$34,313,414
85$48,418,957$11,331,838$7,081,069$37,525,924
86$53,254,525$11,783,932$7,215,119$41,058,522
87$58,580,071$12,254,930$7,350,410$44,943,660
88$64,445,471$12,745,653$7,486,881$49,217,099
89$70,905,683$13,256,965$7,624,466$53,918,241
90$78,021,271$13,789,764$7,763,093$59,090,501
91$85,858,970$14,344,992$7,902,686$64,781,719
92$94,492,319$14,923,631$8,043,160$71,044,608
93$104,002,355$15,526,708$8,184,426$77,937,254
94$114,478,378$16,155,299$8,326,386$85,523,659
95$126,018,789$16,810,526$8,468,938$93,874,349
96$138,732,027$17,493,563$8,611,968$103,067,039
97$152,737,584$18,205,638$8,755,359$113,187,364
98$168,167,136$18,948,033$8,898,983$124,329,686
99$185,165,788$19,722,091$9,042,703$136,597,986
100$203,893,439$20,529,213$9,186,374$150,106,847