Can I retire at age 59 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$338,574$335,558$332,616$329,744$326,940$324,472
2 years$167,611$164,489$161,464$158,531$155,686$153,197
3 years$110,631$107,496$104,478$101,572$98,773$96,342
4 years$82,146$79,021$76,033$73,177$70,446$68,090
5 years$65,060$61,953$59,005$56,207$53,552$51,278
6 years$53,673$50,589$47,685$44,949$42,374$40,186
7 years$45,542$42,485$39,626$36,955$34,461$32,360
8 years$39,447$36,417$33,606$31,001$28,589$26,574
9 years$34,709$31,708$28,945$26,406$24,076$22,147
10 years$30,921$27,949$25,235$22,762$20,514$18,669
11 years$27,823$24,881$22,216$19,810$17,643$15,882
12 years$25,244$22,332$19,716$17,376$15,289$13,609
13 years$23,063$20,182$17,615$15,340$13,332$11,733
14 years$21,195$18,345$15,827$13,617$11,687$10,166
15 years$19,578$16,758$14,290$12,144$10,290$8,845
16 years$18,165$15,375$12,956$10,874$9,094$7,723
17 years$16,918$14,160$11,790$9,770$8,064$6,764
18 years$15,812$13,085$10,762$8,805$7,170$5,939
19 years$14,823$12,127$9,852$7,956$6,391$5,227
20 years$13,935$11,269$9,042$7,206$5,708$4,609
21 years$13,132$10,496$8,317$6,540$5,108$4,071
22 years$12,402$9,798$7,665$5,946$4,579$3,601
23 years$11,738$9,164$7,078$5,415$4,110$3,189
24 years$11,129$8,586$6,546$4,939$3,694$2,827
25 years$10,570$8,057$6,062$4,510$3,324$2,509
26 years$10,055$7,573$5,623$4,124$2,994$2,229
27 years$9,579$7,127$5,221$3,775$2,700$1,982
28 years$9,138$6,716$4,854$3,459$2,436$1,763
29 years$8,728$6,335$4,517$3,172$2,200$1,569
30 years$8,346$5,983$4,207$2,911$1,988$1,398
31 years$7,989$5,656$3,922$2,673$1,797$1,245
32 years$7,655$5,352$3,660$2,457$1,625$1,110
33 years$7,342$5,068$3,417$2,259$1,471$990
34 years$7,049$4,803$3,193$2,079$1,332$883
35 years$6,772$4,556$2,985$1,914$1,206$788
36 years$6,512$4,324$2,792$1,762$1,093$703
37 years$6,266$4,107$2,614$1,624$991$628
38 years$6,034$3,903$2,447$1,497$898$561
39 years$5,814$3,712$2,293$1,380$814$501
40 years$5,605$3,531$2,149$1,273$739$447
41 years$5,408$3,361$2,015$1,174$670$399
42 years$5,220$3,201$1,890$1,084$608$357
43 years$5,041$3,050$1,774$1,000$552$319
44 years$4,871$2,907$1,665$924$501$285
45 years$4,709$2,773$1,563$853$455$255
46 years$4,555$2,645$1,468$788$413$228
47 years$4,408$2,524$1,380$728$375$204
48 years$4,267$2,410$1,296$673$341$182
49 years$4,132$2,301$1,219$622$309$163
50 years$4,003$2,198$1,146$575$281$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,100,000, adding $4,619 every year, while hoping to spend $49,945 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: 38/44/18 Blend
58$4,100,000$4,100,000$4,100,000$4,100,000
59$4,522,964$4,305,664$4,242,114$4,670,204
60$4,931,166$4,463,501$4,331,084$4,934,386
61$5,379,330$4,627,397$4,421,361$5,214,612
62$5,871,480$4,797,598$4,512,934$5,516,413
63$6,412,048$4,974,358$4,605,795$5,841,759
64$7,005,917$5,157,941$4,699,929$6,192,816
65$7,658,465$5,348,626$4,795,322$6,571,962
66$8,375,619$5,546,698$4,891,955$6,981,806
67$9,163,906$5,752,461$4,989,810$7,425,218
68$10,030,519$5,966,225$5,088,863$7,905,351
69$10,983,380$6,188,319$5,189,088$8,425,668
70$12,031,221$6,419,083$5,290,459$8,989,978
71$13,183,659$6,658,871$5,392,942$9,602,466
72$14,451,291$6,908,055$5,496,505$10,267,735
73$15,845,793$7,167,019$5,601,108$10,990,844
74$17,380,028$7,436,168$5,706,710$11,777,361
75$19,068,172$7,715,921$5,813,265$12,633,405
76$20,925,841$8,006,717$5,920,725$13,565,709
77$22,970,242$8,309,012$6,029,035$14,581,681
78$25,220,337$8,623,283$6,138,137$15,689,470
79$27,697,016$8,950,028$6,247,969$16,898,043
80$30,423,298$9,289,766$6,358,463$18,217,266
81$33,424,548$9,643,039$6,469,546$19,657,997
82$36,728,716$10,010,411$6,581,139$21,232,188
83$40,366,597$10,392,473$6,693,159$22,952,990
84$44,372,125$10,789,840$6,805,515$24,834,882
85$48,782,693$11,203,154$6,918,112$26,893,801
86$53,639,505$11,633,086$7,030,846$29,147,292
87$58,987,963$12,080,335$7,143,607$31,614,670
88$64,878,096$12,545,632$7,256,278$34,317,201
89$71,365,033$13,029,739$7,368,735$37,278,300
90$78,509,523$13,533,453$7,480,844$40,523,750
91$86,378,506$14,057,604$7,592,465$44,081,939
92$95,045,748$14,603,061$7,703,446$47,984,131
93$104,592,532$15,170,729$7,813,630$52,264,752
94$115,108,430$15,761,554$7,922,846$56,961,717
95$126,692,145$16,376,525$8,030,916$62,116,783
96$139,452,442$17,016,674$8,137,651$67,775,936
97$153,509,177$17,683,076$8,242,848$73,989,829
98$168,994,425$18,376,859$8,346,295$80,814,248
99$186,053,729$19,099,198$8,447,769$88,310,643
100$204,847,472$19,851,321$8,547,031$96,546,698