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

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$355,090$351,927$348,841$345,829$342,888$331,514
2 years$175,787$172,513$169,340$166,264$163,280$151,931
3 years$116,027$112,739$109,574$106,527$103,592$92,624
4 years$86,153$82,875$79,742$76,747$73,882$63,381
5 years$68,234$64,975$61,883$58,949$56,164$46,156
6 years$56,291$53,057$50,011$47,142$44,441$34,934
7 years$47,764$44,557$41,559$38,758$36,142$27,136
8 years$41,371$38,194$35,245$32,513$29,984$21,471
9 years$36,402$33,255$30,357$27,694$25,250$17,221
10 years$32,429$29,312$26,466$23,872$21,515$13,956
11 years$29,181$26,095$23,300$20,776$18,503$11,401
12 years$26,475$23,422$20,678$18,223$16,035$9,373
13 years$24,188$21,166$18,475$16,089$13,982$7,744
14 years$22,229$19,239$16,600$14,282$12,257$6,425
15 years$20,533$17,576$14,987$12,737$10,792$5,348
16 years$19,051$16,125$13,588$11,404$9,538$4,464
17 years$17,744$14,851$12,365$10,247$8,457$3,734
18 years$16,583$13,723$11,287$9,234$7,520$3,129
19 years$15,546$12,718$10,333$8,344$6,702$2,626
20 years$14,614$11,818$9,483$7,557$5,987$2,207
21 years$13,772$11,008$8,723$6,859$5,357$1,857
22 years$13,007$10,276$8,039$6,236$4,802$1,564
23 years$12,310$9,611$7,423$5,679$4,311$1,318
24 years$11,672$9,005$6,865$5,180$3,875$1,111
25 years$11,086$8,450$6,358$4,731$3,487$937
26 years$10,546$7,942$5,897$4,325$3,141$791
27 years$10,047$7,474$5,476$3,959$2,831$668
28 years$9,584$7,043$5,090$3,627$2,555$564
29 years$9,154$6,644$4,737$3,326$2,307$477
30 years$8,753$6,275$4,412$3,053$2,085$403
31 years$8,379$5,932$4,114$2,804$1,885$340
32 years$8,029$5,613$3,838$2,577$1,705$288
33 years$7,701$5,315$3,584$2,369$1,543$243
34 years$7,393$5,038$3,348$2,180$1,397$206
35 years$7,103$4,778$3,130$2,007$1,265$174
36 years$6,829$4,535$2,928$1,848$1,146$147
37 years$6,572$4,307$2,741$1,703$1,039$124
38 years$6,328$4,094$2,567$1,570$942$105
39 years$6,097$3,893$2,405$1,447$854$89
40 years$5,879$3,704$2,254$1,335$775$75
41 years$5,671$3,525$2,114$1,232$703$64
42 years$5,475$3,357$1,983$1,137$638$54
43 years$5,287$3,199$1,860$1,049$579$46
44 years$5,109$3,049$1,746$969$525$39
45 years$4,939$2,908$1,640$895$477$33
46 years$4,777$2,774$1,540$826$433$28
47 years$4,623$2,647$1,447$764$393$23
48 years$4,475$2,527$1,360$706$357$20
49 years$4,334$2,413$1,278$652$324$17
50 years$4,198$2,305$1,202$603$295$14

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 $6,636 every year, while hoping to spend $24,989 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: 77/18/5 Blend
58$4,300,000$4,300,000$4,300,000$4,300,000
59$4,745,445$4,517,545$4,450,895$5,109,093
60$5,202,892$4,712,317$4,573,412$5,543,340
61$5,706,162$4,915,795$4,699,196$6,015,380
62$6,259,901$5,128,379$4,828,329$6,532,139
63$6,869,230$5,350,489$4,960,897$7,098,048
64$7,539,791$5,582,563$5,096,988$7,717,981
65$8,277,802$5,825,061$5,236,689$8,397,304
66$9,090,112$6,078,462$5,380,092$9,141,927
67$9,984,269$6,343,272$5,527,290$9,958,352
68$10,968,589$6,620,017$5,678,379$10,853,742
69$12,052,236$6,909,249$5,833,456$11,835,982
70$13,245,308$7,211,547$5,992,621$12,913,755
71$14,558,931$7,527,514$6,155,975$14,096,621
72$16,005,366$7,857,786$6,323,624$15,395,109
73$17,598,122$8,203,027$6,495,675$16,820,813
74$19,352,086$8,563,930$6,672,235$18,386,503
75$21,283,661$8,941,225$6,853,417$20,106,240
76$23,410,924$9,335,674$7,039,336$21,995,513
77$25,753,791$9,748,075$7,230,107$24,071,380
78$28,334,212$10,179,265$7,425,849$26,352,629
79$31,176,372$10,630,120$7,626,686$28,859,954
80$34,306,923$11,101,556$7,832,741$31,616,151
81$37,755,232$11,594,536$8,044,141$34,646,327
82$41,553,663$12,110,065$8,261,016$37,978,139
83$45,737,877$12,649,199$8,483,501$41,642,056
84$50,347,171$13,213,040$8,711,729$45,671,636
85$55,424,850$13,802,747$8,945,839$50,103,854
86$61,018,634$14,419,531$9,185,974$54,979,435
87$67,181,108$15,064,661$9,432,278$60,343,249
88$73,970,220$15,739,468$9,684,897$66,244,725
89$81,449,825$16,445,344$9,943,984$72,738,319
90$89,690,291$17,183,750$10,209,691$79,884,023
91$98,769,160$17,956,214$10,482,176$87,747,934
92$108,771,884$18,764,338$10,761,599$96,402,869
93$119,792,627$19,609,801$11,048,122$105,929,058
94$131,935,154$20,494,361$11,341,914$116,414,890
95$145,313,815$21,419,860$11,643,144$127,957,752
96$160,054,620$22,388,229$11,951,984$140,664,941
97$176,296,429$23,401,489$12,268,614$154,654,679
98$194,192,264$24,461,761$12,593,211$170,057,220
99$213,910,752$25,571,265$12,925,961$187,016,080
100$235,637,719$26,732,327$13,267,051$205,689,388