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%13.7%
1 years$330,316$327,374$324,503$321,702$318,966$314,069
2 years$163,523$160,477$157,526$154,664$151,888$146,967
3 years$107,932$104,874$101,930$99,095$96,364$91,572
4 years$80,143$77,093$74,179$71,392$68,728$64,100
5 years$63,473$60,442$57,566$54,836$52,246$47,797
6 years$52,364$49,356$46,522$43,853$41,340$37,075
7 years$44,431$41,449$38,660$36,054$33,621$29,541
8 years$38,485$35,529$32,787$30,245$27,892$23,996
9 years$33,863$30,935$28,239$25,762$23,489$19,776
10 years$30,167$27,267$24,619$22,207$20,014$16,481
11 years$27,145$24,274$21,675$19,327$17,212$13,855
12 years$24,628$21,787$19,236$16,952$14,916$11,731
13 years$22,501$19,689$17,186$14,966$13,007$9,989
14 years$20,678$17,897$15,441$13,285$11,402$8,546
15 years$19,101$16,349$13,942$11,848$10,039$7,341
16 years$17,722$15,000$12,640$10,609$8,873$6,326
17 years$16,506$13,815$11,502$9,532$7,867$5,467
18 years$15,426$12,765$10,500$8,590$6,995$4,736
19 years$14,462$11,831$9,612$7,762$6,235$4,111
20 years$13,595$10,994$8,821$7,030$5,569$3,574
21 years$12,811$10,240$8,114$6,380$4,984$3,112
22 years$12,100$9,559$7,478$5,801$4,467$2,714
23 years$11,451$8,940$6,905$5,283$4,010$2,369
24 years$10,858$8,376$6,386$4,818$3,604$2,070
25 years$10,313$7,861$5,915$4,400$3,243$1,810
26 years$9,810$7,388$5,486$4,024$2,921$1,584
27 years$9,346$6,953$5,094$3,683$2,634$1,387
28 years$8,915$6,552$4,735$3,374$2,377$1,215
29 years$8,515$6,181$4,407$3,094$2,146$1,065
30 years$8,142$5,837$4,105$2,840$1,939$934
31 years$7,794$5,518$3,827$2,608$1,753$819
32 years$7,469$5,221$3,570$2,397$1,586$719
33 years$7,163$4,945$3,334$2,204$1,435$631
34 years$6,877$4,686$3,115$2,028$1,299$554
35 years$6,607$4,445$2,912$1,867$1,177$486
36 years$6,353$4,219$2,724$1,719$1,066$427
37 years$6,113$4,007$2,550$1,584$966$375
38 years$5,886$3,808$2,388$1,460$876$330
39 years$5,672$3,621$2,237$1,346$795$290
40 years$5,469$3,445$2,097$1,242$721$255
41 years$5,276$3,279$1,966$1,146$654$224
42 years$5,093$3,123$1,844$1,057$593$197
43 years$4,918$2,976$1,731$976$538$173
44 years$4,753$2,837$1,624$901$489$152
45 years$4,595$2,705$1,525$832$444$134
46 years$4,444$2,580$1,433$769$403$117
47 years$4,300$2,462$1,346$710$366$103
48 years$4,163$2,351$1,265$656$332$91
49 years$4,031$2,245$1,189$607$302$80
50 years$3,905$2,144$1,118$561$274$70

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 $5,393 every year, while hoping to spend $20,589 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: 62/28/10 Blend
58$4,000,000$4,000,000$4,000,000$4,000,000
59$4,413,563$4,201,563$4,139,563$4,676,983
60$4,841,840$4,385,533$4,256,332$5,037,909
61$5,313,111$4,577,827$4,376,322$5,428,837
62$5,831,740$4,778,833$4,499,621$5,855,024
63$6,402,535$4,988,953$4,626,315$6,319,884
64$7,030,793$5,208,612$4,756,497$6,827,168
65$7,722,353$5,438,252$4,890,258$7,381,007
66$8,483,646$5,678,340$5,027,695$7,985,940
67$9,321,760$5,929,360$5,168,905$8,646,963
68$10,244,504$6,191,823$5,313,988$9,369,572
69$11,260,483$6,466,263$5,463,046$10,159,815
70$12,379,180$6,753,238$5,616,186$11,024,344
71$13,611,044$7,053,333$5,773,515$11,970,482
72$14,967,586$7,367,163$5,935,144$13,006,287
73$16,461,495$7,695,369$6,101,187$14,140,627
74$18,106,750$8,038,624$6,271,759$15,383,263
75$19,918,756$8,397,634$6,446,980$16,744,941
76$21,914,487$8,773,137$6,626,972$18,237,487
77$24,112,650$9,165,905$6,811,861$19,873,923
78$26,533,856$9,576,750$7,001,774$21,668,583
79$29,200,819$10,006,521$7,196,843$23,637,248
80$32,138,569$10,456,106$7,397,203$25,797,296
81$35,374,685$10,926,438$7,602,992$28,167,857
82$38,939,563$11,418,493$7,814,352$30,770,000
83$42,866,692$11,933,293$8,031,426$33,626,924
84$47,192,980$12,471,910$8,254,365$36,764,173
85$51,959,097$13,035,467$8,483,319$40,209,882
86$57,209,860$13,625,139$8,718,445$43,995,033
87$62,994,655$14,242,161$8,959,902$48,153,746
88$69,367,905$14,887,821$9,207,854$52,723,603
89$76,389,582$15,563,475$9,462,468$57,745,992
90$84,125,773$16,270,540$9,723,915$63,266,504
91$92,649,307$17,010,501$9,992,371$69,335,350
92$102,040,436$17,784,915$10,268,015$76,007,838
93$112,387,598$18,595,414$10,551,031$83,344,893
94$123,788,251$19,443,707$10,841,609$91,413,621
95$136,349,790$20,331,586$11,139,940$100,287,946
96$150,190,562$21,260,927$11,446,221$110,049,300
97$165,440,986$22,233,699$11,760,656$120,787,388
98$182,244,779$23,251,963$12,083,450$132,601,031
99$200,760,316$24,317,879$12,414,816$145,599,094
100$221,162,125$25,433,712$12,754,969$159,901,509