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%11.5%
1 years$355,090$351,927$348,841$345,829$342,888$340,727
2 years$175,787$172,513$169,340$166,264$163,280$161,100
3 years$116,027$112,739$109,574$106,527$103,592$101,460
4 years$86,153$82,875$79,742$76,747$73,882$71,816
5 years$68,234$64,975$61,883$58,949$56,164$54,169
6 years$56,291$53,057$50,011$47,142$44,441$42,520
7 years$47,764$44,557$41,559$38,758$36,142$34,296
8 years$41,371$38,194$35,245$32,513$29,984$28,212
9 years$36,402$33,255$30,357$27,694$25,250$23,553
10 years$32,429$29,312$26,466$23,872$21,515$19,891
11 years$29,181$26,095$23,300$20,776$18,503$16,952
12 years$26,475$23,422$20,678$18,223$16,035$14,554
13 years$24,188$21,166$18,475$16,089$13,982$12,571
14 years$22,229$19,239$16,600$14,282$12,257$10,914
15 years$20,533$17,576$14,987$12,737$10,792$9,515
16 years$19,051$16,125$13,588$11,404$9,538$8,325
17 years$17,744$14,851$12,365$10,247$8,457$7,306
18 years$16,583$13,723$11,287$9,234$7,520$6,429
19 years$15,546$12,718$10,333$8,344$6,702$5,670
20 years$14,614$11,818$9,483$7,557$5,987$5,010
21 years$13,772$11,008$8,723$6,859$5,357$4,435
22 years$13,007$10,276$8,039$6,236$4,802$3,932
23 years$12,310$9,611$7,423$5,679$4,311$3,490
24 years$11,672$9,005$6,865$5,180$3,875$3,102
25 years$11,086$8,450$6,358$4,731$3,487$2,759
26 years$10,546$7,942$5,897$4,325$3,141$2,457
27 years$10,047$7,474$5,476$3,959$2,831$2,189
28 years$9,584$7,043$5,090$3,627$2,555$1,952
29 years$9,154$6,644$4,737$3,326$2,307$1,742
30 years$8,753$6,275$4,412$3,053$2,085$1,555
31 years$8,379$5,932$4,114$2,804$1,885$1,389
32 years$8,029$5,613$3,838$2,577$1,705$1,241
33 years$7,701$5,315$3,584$2,369$1,543$1,110
34 years$7,393$5,038$3,348$2,180$1,397$992
35 years$7,103$4,778$3,130$2,007$1,265$888
36 years$6,829$4,535$2,928$1,848$1,146$794
37 years$6,572$4,307$2,741$1,703$1,039$711
38 years$6,328$4,094$2,567$1,570$942$636
39 years$6,097$3,893$2,405$1,447$854$570
40 years$5,879$3,704$2,254$1,335$775$510
41 years$5,671$3,525$2,114$1,232$703$457
42 years$5,475$3,357$1,983$1,137$638$409
43 years$5,287$3,199$1,860$1,049$579$367
44 years$5,109$3,049$1,746$969$525$329
45 years$4,939$2,908$1,640$895$477$294
46 years$4,777$2,774$1,540$826$433$264
47 years$4,623$2,647$1,447$764$393$236
48 years$4,475$2,527$1,360$706$357$212
49 years$4,334$2,413$1,278$652$324$190
50 years$4,198$2,305$1,202$603$295$170

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 $6,966 every year, while hoping to spend $50,283 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: 68/19/13 Blend
58$4,300,000$4,300,000$4,300,000$4,300,000
59$4,745,785$4,517,885$4,451,235$5,054,211
60$5,176,355$4,685,761$4,546,851$5,428,206
61$5,649,157$4,860,177$4,643,985$5,830,459
62$6,168,447$5,041,402$4,742,634$6,269,112
63$6,738,911$5,229,713$4,842,794$6,747,733
64$7,365,713$5,425,402$4,944,461$7,270,249
65$8,054,540$5,628,772$5,047,626$7,840,982
66$8,811,661$5,840,138$5,152,278$8,464,689
67$9,643,977$6,059,832$5,258,407$9,146,608
68$10,559,096$6,288,197$5,365,996$9,892,506
69$11,565,397$6,525,593$5,475,031$10,708,732
70$12,672,113$6,772,392$5,585,490$11,602,276
71$13,889,416$7,028,987$5,697,351$12,580,836
72$15,228,514$7,295,784$5,810,589$13,652,888
73$16,701,754$7,573,209$5,925,176$14,827,767
74$18,322,743$7,861,706$6,041,079$16,115,753
75$20,106,471$8,161,738$6,158,263$17,528,167
76$22,069,455$8,473,788$6,276,690$19,077,478
77$24,229,896$8,798,360$6,396,316$20,777,419
78$26,607,847$9,135,981$6,517,093$22,643,115
79$29,225,403$9,487,200$6,638,972$24,691,228
80$32,106,912$9,852,591$6,761,896$26,940,110
81$35,279,202$10,232,752$6,885,803$29,409,974
82$38,771,832$10,628,309$7,010,630$32,123,090
83$42,617,377$11,039,914$7,136,304$35,103,986
84$46,851,728$11,468,248$7,262,748$38,379,684
85$51,514,435$11,914,023$7,389,881$41,979,953
86$56,649,079$12,377,982$7,517,614$45,937,587
87$62,303,682$12,860,900$7,645,851$50,288,714
88$68,531,161$13,363,588$7,774,491$55,073,135
89$75,389,827$13,886,891$7,903,424$60,334,700
90$82,943,934$14,431,694$8,032,533$66,121,721
91$91,264,287$14,998,918$8,161,694$72,487,422
92$100,428,908$15,589,529$8,290,775$79,490,446
93$110,523,774$16,204,533$8,419,633$87,195,402
94$121,643,626$16,844,983$8,548,119$95,673,474
95$133,892,866$17,511,977$8,676,070$105,003,096
96$147,386,539$18,206,664$8,803,319$115,270,683
97$162,251,418$18,930,243$8,929,683$126,571,451
98$178,627,207$19,683,969$9,054,971$139,010,311
99$196,667,849$20,469,150$9,178,980$152,702,857
100$216,542,988$21,287,157$9,301,494$167,776,457