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%17.1%
1 years$363,348$360,111$356,954$353,872$350,862$340,723
2 years$179,875$176,525$173,278$170,131$167,077$156,943
3 years$118,726$115,361$112,123$109,004$106,001$96,189
4 years$88,157$84,803$81,597$78,531$75,601$66,186
5 years$69,820$66,486$63,322$60,320$57,470$48,479
6 years$57,600$54,291$51,174$48,238$45,474$36,914
7 years$48,875$45,594$42,526$39,659$36,983$28,854
8 years$42,334$39,082$36,065$33,269$30,681$22,979
9 years$37,249$34,028$31,063$28,338$25,838$18,555
10 years$33,183$29,994$27,081$24,428$22,015$15,141
11 years$29,859$26,702$23,842$21,259$18,934$12,457
12 years$27,091$23,966$21,159$18,647$16,407$10,316
13 years$24,751$21,658$18,904$16,463$14,308$8,588
14 years$22,746$19,687$16,986$14,614$12,542$7,179
15 years$21,011$17,984$15,336$13,033$11,043$6,022
16 years$19,494$16,500$13,904$11,670$9,760$5,066
17 years$18,156$15,196$12,652$10,485$8,654$4,272
18 years$16,969$14,042$11,550$9,449$7,694$3,610
19 years$15,908$13,014$10,573$8,538$6,858$3,055
20 years$14,954$12,093$9,704$7,733$6,126$2,589
21 years$14,092$11,264$8,925$7,018$5,482$2,197
22 years$13,310$10,515$8,226$6,381$4,914$1,866
23 years$12,597$9,834$7,595$5,811$4,411$1,586
24 years$11,944$9,214$7,024$5,300$3,965$1,349
25 years$11,344$8,647$6,506$4,841$3,568$1,148
26 years$10,791$8,127$6,034$4,426$3,214$978
27 years$10,280$7,648$5,603$4,051$2,897$833
28 years$9,807$7,207$5,209$3,712$2,614$710
29 years$9,367$6,799$4,847$3,404$2,361$605
30 years$8,956$6,421$4,515$3,124$2,133$516
31 years$8,574$6,070$4,209$2,869$1,928$440
32 years$8,216$5,743$3,927$2,637$1,744$375
33 years$7,880$5,439$3,667$2,425$1,579$320
34 years$7,564$5,155$3,426$2,231$1,429$273
35 years$7,268$4,889$3,203$2,054$1,295$233
36 years$6,988$4,641$2,997$1,891$1,173$199
37 years$6,724$4,408$2,805$1,743$1,063$170
38 years$6,475$4,189$2,627$1,606$964$145
39 years$6,239$3,983$2,461$1,481$874$124
40 years$6,015$3,790$2,306$1,366$793$106
41 years$5,803$3,607$2,163$1,260$719$90
42 years$5,602$3,436$2,029$1,163$653$77
43 years$5,410$3,273$1,904$1,074$592$66
44 years$5,228$3,120$1,787$991$538$56
45 years$5,054$2,975$1,678$916$488$48
46 years$4,888$2,838$1,576$846$443$41
47 years$4,730$2,709$1,481$781$402$35
48 years$4,579$2,586$1,391$722$365$30
49 years$4,434$2,469$1,308$667$332$25
50 years$4,296$2,359$1,229$617$301$22

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 $2,416 every year, while hoping to spend $40,673 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: 37/45/18 Blend
58$4,400,000$4,400,000$4,400,000$4,400,000
59$4,851,292$4,618,092$4,549,892$5,004,289
60$5,302,848$4,801,103$4,659,038$5,298,113
61$5,799,100$4,991,718$4,770,477$5,611,255
62$6,344,563$5,190,267$4,884,242$5,948,644
63$6,944,213$5,397,095$5,000,369$6,312,477
64$7,603,531$5,612,561$5,118,890$6,705,165
65$8,328,556$5,837,041$5,239,838$7,129,354
66$9,125,942$6,070,930$5,363,246$7,587,950
67$10,003,020$6,314,637$5,489,146$8,084,140
68$10,967,865$6,568,591$5,617,570$8,621,428
69$12,029,378$6,833,243$5,748,549$9,203,659
70$13,197,363$7,109,060$5,882,114$9,835,058
71$14,482,624$7,396,534$6,018,294$10,520,269
72$15,897,063$7,696,176$6,157,119$11,264,390
73$17,453,798$8,008,523$6,298,617$12,073,030
74$19,167,280$8,334,135$6,442,815$12,952,349
75$21,053,432$8,673,597$6,589,739$13,909,123
76$23,129,802$9,027,523$6,739,415$14,950,799
77$25,415,722$9,396,552$6,891,865$16,085,568
78$27,932,496$9,781,353$7,047,113$17,322,436
79$30,703,599$10,182,628$7,205,180$18,671,309
80$33,754,896$10,601,107$7,366,084$20,143,083
81$37,114,892$11,037,558$7,529,844$21,749,745
82$40,814,992$11,492,780$7,696,475$23,504,482
83$44,889,806$11,967,610$7,865,992$25,421,803
84$49,377,469$12,462,926$8,038,405$27,517,674
85$54,320,004$12,979,642$8,213,724$29,809,662
86$59,763,717$13,518,718$8,391,957$32,317,104
87$65,759,636$14,081,155$8,573,108$35,061,279
88$72,363,989$14,668,002$8,757,177$38,065,609
89$79,638,738$15,280,356$8,944,164$41,355,876
90$87,652,160$15,919,364$9,134,065$44,960,460
91$96,479,495$16,586,227$9,326,870$48,910,606
92$106,203,653$17,282,201$9,522,570$53,240,709
93$116,915,997$18,008,601$9,721,147$57,988,640
94$128,717,207$18,766,800$9,922,584$63,196,096
95$141,718,227$19,558,238$10,126,855$68,908,989
96$156,041,315$20,384,421$10,333,934$75,177,873
97$171,821,194$21,246,923$10,543,786$82,058,418
98$189,206,327$22,147,393$10,756,373$89,611,929
99$208,360,313$23,087,556$10,971,653$97,905,919
100$229,463,436$24,069,218$11,189,575$107,014,741