Can I retire at age 59 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$346,832$343,743$340,729$337,787$334,914$322,007
2 years$171,699$168,501$165,402$162,397$159,483$146,634
3 years$113,329$110,117$107,026$104,050$101,182$88,795
4 years$84,150$80,948$77,888$74,962$72,164$60,333
5 years$66,647$63,464$60,444$57,578$54,858$43,613
6 years$54,982$51,823$48,848$46,046$43,407$32,756
7 years$46,653$43,521$40,593$37,857$35,302$25,241
8 years$40,409$37,306$34,426$31,757$29,286$19,807
9 years$35,556$32,481$29,651$27,050$24,663$15,751
10 years$31,675$28,631$25,850$23,317$21,014$12,652
11 years$28,502$25,488$22,758$20,293$18,073$10,242
12 years$25,860$22,877$20,197$17,800$15,662$8,342
13 years$23,626$20,674$18,045$15,714$13,657$6,827
14 years$21,712$18,792$16,214$13,950$11,972$5,609
15 years$20,056$17,167$14,639$12,441$10,541$4,622
16 years$18,608$15,750$13,272$11,139$9,316$3,819
17 years$17,331$14,505$12,077$10,008$8,260$3,162
18 years$16,198$13,404$11,025$9,020$7,345$2,622
19 years$15,185$12,422$10,093$8,150$6,547$2,178
20 years$14,274$11,543$9,263$7,381$5,847$1,810
21 years$13,452$10,752$8,520$6,699$5,233$1,507
22 years$12,705$10,037$7,852$6,091$4,690$1,255
23 years$12,024$9,387$7,250$5,547$4,210$1,046
24 years$11,401$8,795$6,705$5,059$3,784$872
25 years$10,828$8,254$6,210$4,621$3,405$727
26 years$10,301$7,757$5,760$4,225$3,067$607
27 years$9,813$7,301$5,348$3,867$2,766$507
28 years$9,361$6,879$4,972$3,543$2,495$423
29 years$8,941$6,490$4,627$3,249$2,253$353
30 years$8,549$6,129$4,310$2,982$2,036$295
31 years$8,184$5,794$4,018$2,739$1,841$247
32 years$7,842$5,482$3,749$2,517$1,665$206
33 years$7,522$5,192$3,500$2,314$1,507$172
34 years$7,221$4,921$3,270$2,129$1,364$144
35 years$6,937$4,667$3,058$1,960$1,236$120
36 years$6,671$4,430$2,860$1,805$1,120$101
37 years$6,419$4,207$2,677$1,663$1,015$84
38 years$6,181$3,998$2,507$1,533$920$70
39 years$5,956$3,802$2,349$1,414$834$59
40 years$5,742$3,617$2,202$1,304$757$49
41 years$5,540$3,443$2,064$1,203$687$41
42 years$5,347$3,279$1,937$1,110$623$34
43 years$5,164$3,125$1,817$1,025$565$29
44 years$4,990$2,978$1,706$946$513$24
45 years$4,824$2,840$1,602$874$466$20
46 years$4,666$2,709$1,504$807$423$17
47 years$4,515$2,586$1,413$746$384$14
48 years$4,371$2,468$1,328$689$349$12
49 years$4,233$2,357$1,248$637$317$10
50 years$4,101$2,252$1,174$589$288$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,200,000, adding $5,826 every year, while hoping to spend $57,633 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: 69/8/23 Blend
58$4,200,000$4,200,000$4,200,000$4,200,000
59$4,634,410$4,411,810$4,346,710$4,926,893
60$5,045,798$4,566,667$4,431,003$5,278,259
61$5,497,217$4,727,181$4,516,189$5,655,387
62$5,992,688$4,893,568$4,602,236$6,066,713
63$6,536,642$5,066,052$4,689,111$6,515,619
64$7,133,959$5,244,869$4,776,776$7,005,825
65$7,790,016$5,430,260$4,865,191$7,541,432
66$8,510,735$5,622,480$4,954,312$8,126,953
67$9,302,640$5,821,792$5,044,092$8,767,360
68$10,172,920$6,028,471$5,134,480$9,468,130
69$11,129,493$6,242,801$5,225,420$10,235,296
70$12,181,083$6,465,080$5,316,853$11,075,501
71$13,337,301$6,695,616$5,408,715$11,996,065
72$14,608,736$6,934,732$5,500,938$13,005,050
73$16,007,056$7,182,762$5,593,447$14,111,338
74$17,545,112$7,440,055$5,686,165$15,324,715
75$19,237,069$7,706,973$5,779,007$16,655,958
76$21,098,530$7,983,894$5,871,883$18,116,944
77$23,146,687$8,271,212$5,964,698$19,720,756
78$25,400,483$8,569,336$6,057,350$21,481,809
79$27,880,791$8,878,692$6,149,730$23,415,982
80$30,610,608$9,199,724$6,241,722$25,540,774
81$33,615,275$9,532,895$6,333,205$27,875,463
82$36,922,713$9,878,687$6,424,047$30,441,289
83$40,563,688$10,237,601$6,514,111$33,261,656
84$44,572,101$10,610,160$6,603,250$36,362,350
85$48,985,305$10,996,908$6,691,309$39,771,784
86$53,844,462$11,398,412$6,778,124$43,521,264
87$59,194,927$11,815,264$6,863,521$47,645,287
88$65,086,677$12,248,079$6,947,316$52,181,862
89$71,574,782$12,697,499$7,029,315$57,172,871
90$78,719,925$13,164,192$7,109,312$62,664,465
91$86,588,976$13,648,855$7,187,092$68,707,497
92$95,255,617$14,152,215$7,262,426$75,358,001
93$104,801,044$14,675,028$7,335,072$82,677,724
94$115,314,730$15,218,084$7,404,776$90,734,703
95$126,895,268$15,782,205$7,471,271$99,603,914
96$139,651,300$16,368,248$7,534,274$109,367,972
97$153,702,549$16,977,108$7,593,488$120,117,915
98$169,180,939$17,609,717$7,648,600$131,954,062
99$186,231,849$18,267,047$7,699,282$144,986,958
100$205,015,477$18,950,111$7,745,187$159,338,418