Can I retire at age 59 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$363,348$360,111$356,954$353,872$350,862$336,941
2 years$179,875$176,525$173,278$170,131$167,077$153,225
3 years$118,726$115,361$112,123$109,004$106,001$92,653
4 years$88,157$84,803$81,597$78,531$75,601$62,859
5 years$69,820$66,486$63,322$60,320$57,470$45,367
6 years$57,600$54,291$51,174$48,238$45,474$34,017
7 years$48,875$45,594$42,526$39,659$36,983$26,168
8 years$42,334$39,082$36,065$33,269$30,681$20,497
9 years$37,249$34,028$31,063$28,338$25,838$16,270
10 years$33,183$29,994$27,081$24,428$22,015$13,044
11 years$29,859$26,702$23,842$21,259$18,934$10,539
12 years$27,091$23,966$21,159$18,647$16,407$8,566
13 years$24,751$21,658$18,904$16,463$14,308$6,996
14 years$22,746$19,687$16,986$14,614$12,542$5,736
15 years$21,011$17,984$15,336$13,033$11,043$4,717
16 years$19,494$16,500$13,904$11,670$9,760$3,889
17 years$18,156$15,196$12,652$10,485$8,654$3,212
18 years$16,969$14,042$11,550$9,449$7,694$2,658
19 years$15,908$13,014$10,573$8,538$6,858$2,202
20 years$14,954$12,093$9,704$7,733$6,126$1,827
21 years$14,092$11,264$8,925$7,018$5,482$1,517
22 years$13,310$10,515$8,226$6,381$4,914$1,260
23 years$12,597$9,834$7,595$5,811$4,411$1,048
24 years$11,944$9,214$7,024$5,300$3,965$872
25 years$11,344$8,647$6,506$4,841$3,568$725
26 years$10,791$8,127$6,034$4,426$3,214$604
27 years$10,280$7,648$5,603$4,051$2,897$503
28 years$9,807$7,207$5,209$3,712$2,614$419
29 years$9,367$6,799$4,847$3,404$2,361$349
30 years$8,956$6,421$4,515$3,124$2,133$291
31 years$8,574$6,070$4,209$2,869$1,928$242
32 years$8,216$5,743$3,927$2,637$1,744$202
33 years$7,880$5,439$3,667$2,425$1,579$168
34 years$7,564$5,155$3,426$2,231$1,429$140
35 years$7,268$4,889$3,203$2,054$1,295$117
36 years$6,988$4,641$2,997$1,891$1,173$98
37 years$6,724$4,408$2,805$1,743$1,063$81
38 years$6,475$4,189$2,627$1,606$964$68
39 years$6,239$3,983$2,461$1,481$874$57
40 years$6,015$3,790$2,306$1,366$793$47
41 years$5,803$3,607$2,163$1,260$719$39
42 years$5,602$3,436$2,029$1,163$653$33
43 years$5,410$3,273$1,904$1,074$592$27
44 years$5,228$3,120$1,787$991$538$23
45 years$5,054$2,975$1,678$916$488$19
46 years$4,888$2,838$1,576$846$443$16
47 years$4,730$2,709$1,481$781$402$13
48 years$4,579$2,586$1,391$722$365$11
49 years$4,434$2,469$1,308$667$332$9
50 years$4,296$2,359$1,229$617$301$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,400,000, adding $6,124 every year, while hoping to spend $41,820 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: 55/20/25 Blend
58$4,400,000$4,400,000$4,400,000$4,400,000
59$4,855,117$4,621,917$4,553,717$5,088,462
60$5,305,843$4,803,895$4,661,770$5,431,518
61$5,801,141$4,993,388$4,772,042$5,800,070
62$6,345,514$5,190,720$4,884,562$6,200,594
63$6,943,921$5,396,231$4,999,360$6,636,177
64$7,601,828$5,610,273$5,116,465$7,110,211
65$8,325,254$5,833,216$5,235,907$7,626,432
66$9,120,834$6,065,447$5,357,713$8,188,948
67$9,995,874$6,307,369$5,481,911$8,802,280
68$10,958,426$6,559,404$5,608,529$9,471,404
69$12,017,363$6,821,992$5,737,592$10,201,797
70$13,182,458$7,095,593$5,869,125$10,999,486
71$14,464,482$7,380,691$6,003,154$11,871,105
72$15,875,301$7,677,786$6,139,701$12,823,960
73$17,427,990$7,987,405$6,278,789$13,866,090
74$19,136,955$8,310,098$6,420,439$15,006,350
75$21,018,071$8,646,440$6,564,670$16,254,485
76$23,088,829$8,997,030$6,711,501$17,621,228
77$25,368,502$9,362,497$6,860,949$19,118,398
78$27,878,327$9,743,497$7,013,028$20,759,006
79$30,641,704$10,140,717$7,167,753$22,557,385
80$33,684,420$10,554,873$7,325,135$24,529,316
81$37,034,886$10,986,718$7,485,182$26,692,180
82$40,724,411$11,437,034$7,647,902$29,065,121
83$44,787,495$11,906,642$7,813,301$31,669,221
84$49,262,153$12,396,401$7,981,380$34,527,702
85$54,190,276$12,907,208$8,152,140$37,666,144
86$59,618,023$13,440,001$8,325,576$41,112,719
87$65,596,262$13,995,761$8,501,683$44,898,463
88$72,181,043$14,575,516$8,680,451$49,057,561
89$79,434,131$15,180,338$8,861,868$53,627,671
90$87,423,589$15,811,351$9,045,918$58,650,278
91$96,224,418$16,469,730$9,232,578$64,171,080
92$105,919,265$17,156,703$9,421,827$70,240,424
93$116,599,205$17,873,557$9,613,633$76,913,770
94$128,364,599$18,621,636$9,807,965$84,252,223
95$141,326,040$19,402,348$10,004,783$92,323,097
96$155,605,397$20,217,164$10,204,045$101,200,556
97$171,336,969$21,067,626$10,405,701$110,966,309
98$188,668,744$21,955,345$10,609,697$121,710,378
99$207,763,807$22,882,007$10,815,972$133,531,943
100$228,801,867$23,849,377$11,024,459$146,540,283