Can I retire at age 59 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$355,090$351,927$348,841$345,829$342,888$329,154
2 years$175,787$172,513$169,340$166,264$163,280$149,615
3 years$116,027$112,739$109,574$106,527$103,592$90,427
4 years$86,153$82,875$79,742$76,747$73,882$61,318
5 years$68,234$64,975$61,883$58,949$56,164$44,232
6 years$56,291$53,057$50,011$47,142$44,441$33,148
7 years$47,764$44,557$41,559$38,758$36,142$25,484
8 years$41,371$38,194$35,245$32,513$29,984$19,950
9 years$36,402$33,255$30,357$27,694$25,250$15,826
10 years$32,429$29,312$26,466$23,872$21,515$12,680
11 years$29,181$26,095$23,300$20,776$18,503$10,238
12 years$26,475$23,422$20,678$18,223$16,035$8,316
13 years$24,188$21,166$18,475$16,089$13,982$6,787
14 years$22,229$19,239$16,600$14,282$12,257$5,560
15 years$20,533$17,576$14,987$12,737$10,792$4,569
16 years$19,051$16,125$13,588$11,404$9,538$3,764
17 years$17,744$14,851$12,365$10,247$8,457$3,107
18 years$16,583$13,723$11,287$9,234$7,520$2,569
19 years$15,546$12,718$10,333$8,344$6,702$2,127
20 years$14,614$11,818$9,483$7,557$5,987$1,763
21 years$13,772$11,008$8,723$6,859$5,357$1,463
22 years$13,007$10,276$8,039$6,236$4,802$1,214
23 years$12,310$9,611$7,423$5,679$4,311$1,009
24 years$11,672$9,005$6,865$5,180$3,875$839
25 years$11,086$8,450$6,358$4,731$3,487$697
26 years$10,546$7,942$5,897$4,325$3,141$580
27 years$10,047$7,474$5,476$3,959$2,831$483
28 years$9,584$7,043$5,090$3,627$2,555$402
29 years$9,154$6,644$4,737$3,326$2,307$334
30 years$8,753$6,275$4,412$3,053$2,085$278
31 years$8,379$5,932$4,114$2,804$1,885$232
32 years$8,029$5,613$3,838$2,577$1,705$193
33 years$7,701$5,315$3,584$2,369$1,543$161
34 years$7,393$5,038$3,348$2,180$1,397$134
35 years$7,103$4,778$3,130$2,007$1,265$112
36 years$6,829$4,535$2,928$1,848$1,146$93
37 years$6,572$4,307$2,741$1,703$1,039$77
38 years$6,328$4,094$2,567$1,570$942$65
39 years$6,097$3,893$2,405$1,447$854$54
40 years$5,879$3,704$2,254$1,335$775$45
41 years$5,671$3,525$2,114$1,232$703$37
42 years$5,475$3,357$1,983$1,137$638$31
43 years$5,287$3,199$1,860$1,049$579$26
44 years$5,109$3,049$1,746$969$525$22
45 years$4,939$2,908$1,640$895$477$18
46 years$4,777$2,774$1,540$826$433$15
47 years$4,623$2,647$1,447$764$393$13
48 years$4,475$2,527$1,360$706$357$10
49 years$4,334$2,413$1,278$652$324$9
50 years$4,198$2,305$1,202$603$295$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,300,000, adding $4,830 every year, while hoping to spend $42,860 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: 44/33/23 Blend
58$4,300,000$4,300,000$4,300,000$4,300,000
59$4,743,582$4,515,682$4,449,032$4,920,476
60$5,181,825$4,691,348$4,552,472$5,221,848
61$5,663,332$4,874,185$4,657,941$5,543,783
62$6,192,471$5,064,499$4,765,461$5,891,893
63$6,774,053$5,262,610$4,875,054$6,268,627
64$7,413,381$5,468,852$4,986,743$6,676,676
65$8,116,294$5,683,574$5,100,547$7,118,998
66$8,889,226$5,907,139$5,216,485$7,598,844
67$9,739,267$6,139,929$5,334,578$8,119,787
68$10,674,228$6,382,341$5,454,841$8,685,756
69$11,702,714$6,634,790$5,577,293$9,301,072
70$12,834,206$6,897,710$5,701,948$9,970,487
71$14,079,151$7,171,555$5,828,820$10,699,226
72$15,449,061$7,456,797$5,957,921$11,493,037
73$16,956,617$7,753,932$6,089,263$12,358,244
74$18,615,794$8,063,476$6,222,856$13,301,804
75$20,441,989$8,385,971$6,358,706$14,331,372
76$22,452,169$8,721,981$6,496,820$15,455,373
77$24,665,028$9,072,096$6,637,201$16,683,074
78$27,101,165$9,436,933$6,779,851$18,024,680
79$29,783,278$9,817,136$6,924,770$19,491,418
80$32,736,376$10,213,379$7,071,953$21,095,648
81$35,988,019$10,626,368$7,221,397$22,850,976
82$39,568,575$11,056,838$7,373,091$24,772,380
83$43,511,505$11,505,559$7,527,026$26,876,348
84$47,853,683$11,973,335$7,683,185$29,181,035
85$52,635,739$12,461,009$7,841,552$31,706,429
86$57,902,446$12,969,459$8,002,105$34,474,539
87$63,703,139$13,499,607$8,164,820$37,509,599
88$70,092,184$14,052,413$8,329,666$40,838,297
89$77,129,489$14,628,883$8,496,612$44,490,021
90$84,881,067$15,230,069$8,665,619$48,497,136
91$93,419,665$15,857,071$8,836,646$52,895,285
92$102,825,442$16,511,039$9,009,645$57,723,723
93$113,186,733$17,193,175$9,184,564$63,025,687
94$124,600,878$17,904,740$9,361,346$68,848,796
95$137,175,143$18,647,047$9,539,926$75,245,503
96$151,027,729$19,421,474$9,720,235$82,273,582
97$166,288,892$20,229,461$9,902,198$89,996,670
98$183,102,169$21,072,514$10,085,730$98,484,869
99$201,625,731$21,952,208$10,270,743$107,815,397
100$222,033,881$22,870,192$10,457,139$118,073,318