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

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 $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%14%
1 years$338,574$335,558$332,616$329,744$326,940$321,524
2 years$167,611$164,489$161,464$158,531$155,686$150,245
3 years$110,631$107,496$104,478$101,572$98,773$93,477
4 years$82,146$79,021$76,033$73,177$70,446$65,335
5 years$65,060$61,953$59,005$56,207$53,552$48,641
6 years$53,673$50,589$47,685$44,949$42,374$37,669
7 years$45,542$42,485$39,626$36,955$34,461$29,964
8 years$39,447$36,417$33,606$31,001$28,589$24,298
9 years$34,709$31,708$28,945$26,406$24,076$19,989
10 years$30,921$27,949$25,235$22,762$20,514$16,627
11 years$27,823$24,881$22,216$19,810$17,643$13,952
12 years$25,244$22,332$19,716$17,376$15,289$11,790
13 years$23,063$20,182$17,615$15,340$13,332$10,020
14 years$21,195$18,345$15,827$13,617$11,687$8,555
15 years$19,578$16,758$14,290$12,144$10,290$7,334
16 years$18,165$15,375$12,956$10,874$9,094$6,307
17 years$16,918$14,160$11,790$9,770$8,064$5,439
18 years$15,812$13,085$10,762$8,805$7,170$4,701
19 years$14,823$12,127$9,852$7,956$6,391$4,072
20 years$13,935$11,269$9,042$7,206$5,708$3,532
21 years$13,132$10,496$8,317$6,540$5,108$3,069
22 years$12,402$9,798$7,665$5,946$4,579$2,670
23 years$11,738$9,164$7,078$5,415$4,110$2,325
24 years$11,129$8,586$6,546$4,939$3,694$2,027
25 years$10,570$8,057$6,062$4,510$3,324$1,768
26 years$10,055$7,573$5,623$4,124$2,994$1,543
27 years$9,579$7,127$5,221$3,775$2,700$1,348
28 years$9,138$6,716$4,854$3,459$2,436$1,178
29 years$8,728$6,335$4,517$3,172$2,200$1,030
30 years$8,346$5,983$4,207$2,911$1,988$901
31 years$7,989$5,656$3,922$2,673$1,797$789
32 years$7,655$5,352$3,660$2,457$1,625$690
33 years$7,342$5,068$3,417$2,259$1,471$604
34 years$7,049$4,803$3,193$2,079$1,332$529
35 years$6,772$4,556$2,985$1,914$1,206$464
36 years$6,512$4,324$2,792$1,762$1,093$406
37 years$6,266$4,107$2,614$1,624$991$356
38 years$6,034$3,903$2,447$1,497$898$312
39 years$5,814$3,712$2,293$1,380$814$273
40 years$5,605$3,531$2,149$1,273$739$240
41 years$5,408$3,361$2,015$1,174$670$210
42 years$5,220$3,201$1,890$1,084$608$184
43 years$5,041$3,050$1,774$1,000$552$161
44 years$4,871$2,907$1,665$924$501$142
45 years$4,709$2,773$1,563$853$455$124
46 years$4,555$2,645$1,468$788$413$109
47 years$4,408$2,524$1,380$728$375$95
48 years$4,267$2,410$1,296$673$341$84
49 years$4,132$2,301$1,219$622$309$73
50 years$4,003$2,198$1,146$575$281$64

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 $5,831 every year, while hoping to spend $36,078 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: 51/26/23 Blend
58$4,100,000$4,100,000$4,100,000$4,100,000
59$4,524,215$4,306,915$4,243,365$4,725,600
60$4,947,298$4,479,567$4,347,131$5,038,354
61$5,412,326$4,659,470$4,453,164$5,374,068
62$5,923,540$4,846,941$4,561,501$5,738,354
63$6,485,612$5,042,311$4,672,182$6,133,937
64$7,103,687$5,245,927$4,785,243$6,563,814
65$7,783,438$5,458,152$4,900,723$7,031,279
66$8,531,111$5,679,364$5,018,660$7,539,956
67$9,353,590$5,909,958$5,139,091$8,093,830
68$10,258,460$6,150,350$5,262,054$8,697,287
69$11,254,076$6,400,971$5,387,586$9,355,150
70$12,349,647$6,662,273$5,515,726$10,072,726
71$13,555,318$6,934,731$5,646,509$10,855,854
72$14,882,266$7,218,839$5,779,972$11,710,961
73$16,342,808$7,515,113$5,916,153$12,645,119
74$17,950,516$7,824,095$6,055,085$13,666,111
75$19,720,343$8,146,351$6,196,806$14,782,504
76$21,668,768$8,482,471$6,341,348$16,003,729
77$23,813,946$8,833,076$6,488,747$17,340,167
78$26,175,883$9,198,811$6,639,034$18,803,246
79$28,776,624$9,580,355$6,792,244$20,405,549
80$31,640,462$9,978,414$6,948,406$22,160,928
81$34,794,162$10,393,729$7,107,551$24,084,637
82$38,267,221$10,827,076$7,269,708$26,193,470
83$42,092,140$11,279,265$7,434,905$28,505,922
84$46,304,732$11,751,143$7,603,168$31,042,359
85$50,944,463$12,243,598$7,774,523$33,825,209
86$56,054,822$12,757,557$7,948,993$36,879,173
87$61,683,729$13,293,993$8,126,599$40,231,453
88$67,883,991$13,853,920$8,307,362$43,912,009
89$74,713,797$14,438,402$8,491,298$47,953,840
90$82,237,272$15,048,551$8,678,424$52,393,292
91$90,525,076$15,685,531$8,868,753$57,270,397
92$99,655,072$16,350,561$9,062,295$62,629,253
93$109,713,066$17,044,916$9,259,059$68,518,433
94$120,793,611$17,769,929$9,459,049$74,991,444
95$133,000,900$18,526,996$9,662,268$82,107,225
96$146,449,753$19,317,579$9,868,715$89,930,705
97$161,266,695$20,143,209$10,078,385$98,533,413
98$177,591,156$21,005,484$10,291,269$107,994,143
99$195,576,783$21,906,082$10,507,355$118,399,703
100$215,392,891$22,846,755$10,726,627$129,845,727