Can I retire at age 59 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$371,606$368,296$365,066$361,914$358,836$349,311
2 years$183,963$180,537$177,217$173,997$170,874$161,345
3 years$121,424$117,983$114,671$111,482$108,410$99,174
4 years$90,160$86,730$83,451$80,316$77,319$68,447
5 years$71,407$67,997$64,761$61,691$58,776$50,294
6 years$58,909$55,525$52,337$49,334$46,508$38,422
7 years$49,985$46,630$43,492$40,561$37,823$30,135
8 years$43,296$39,970$36,885$34,025$31,378$24,084
9 years$38,095$34,801$31,769$28,982$26,425$19,518
10 years$33,937$30,676$27,697$24,983$22,515$15,987
11 years$30,538$27,309$24,384$21,742$19,364$13,204
12 years$27,707$24,511$21,640$19,071$16,780$10,977
13 years$25,313$22,151$19,334$16,837$14,633$9,175
14 years$23,263$20,134$17,372$14,946$12,827$7,702
15 years$21,488$18,393$15,684$13,329$11,294$6,488
16 years$19,937$16,875$14,220$11,935$9,982$5,482
17 years$18,569$15,542$12,940$10,723$8,850$4,643
18 years$17,355$14,361$11,812$9,664$7,869$3,940
19 years$16,270$13,310$10,814$8,732$7,014$3,350
20 years$15,294$12,368$9,924$7,909$6,265$2,852
21 years$14,413$11,520$9,128$7,178$5,607$2,431
22 years$13,612$10,754$8,413$6,526$5,026$2,074
23 years$12,883$10,058$7,768$5,943$4,511$1,772
24 years$12,215$9,424$7,184$5,421$4,055$1,514
25 years$11,602$8,844$6,654$4,951$3,649$1,295
26 years$11,036$8,311$6,171$4,527$3,287$1,108
27 years$10,514$7,822$5,731$4,143$2,963$948
28 years$10,030$7,371$5,327$3,796$2,674$812
29 years$9,579$6,953$4,957$3,481$2,414$696
30 years$9,160$6,567$4,618$3,195$2,181$596
31 years$8,769$6,208$4,305$2,934$1,972$511
32 years$8,402$5,874$4,017$2,697$1,784$438
33 years$8,059$5,563$3,750$2,480$1,615$376
34 years$7,736$5,272$3,504$2,282$1,462$322
35 years$7,433$5,000$3,276$2,100$1,324$276
36 years$7,147$4,746$3,065$1,934$1,200$237
37 years$6,877$4,508$2,868$1,782$1,087$203
38 years$6,622$4,284$2,686$1,643$986$174
39 years$6,381$4,074$2,517$1,515$894$150
40 years$6,152$3,876$2,359$1,397$811$128
41 years$5,935$3,689$2,212$1,289$736$110
42 years$5,729$3,514$2,075$1,190$667$95
43 years$5,533$3,348$1,947$1,098$606$81
44 years$5,347$3,191$1,828$1,014$550$70
45 years$5,169$3,043$1,716$936$499$60
46 years$4,999$2,903$1,612$865$453$51
47 years$4,838$2,770$1,514$799$412$44
48 years$4,683$2,645$1,423$738$374$38
49 years$4,535$2,525$1,337$682$339$32
50 years$4,394$2,412$1,257$631$308$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,500,000, adding $3,379 every year, while hoping to spend $59,460 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: 69/10/21 Blend
58$4,500,000$4,500,000$4,500,000$4,500,000
59$4,962,485$4,723,985$4,654,235$5,278,766
60$5,405,394$4,892,196$4,746,887$5,658,793
61$5,891,486$5,066,656$4,840,650$6,067,223
62$6,425,104$5,247,608$4,935,499$6,512,712
63$7,011,031$5,435,307$5,031,404$6,998,918
64$7,654,536$5,630,016$5,128,335$7,529,868
65$8,361,421$5,832,010$5,226,257$8,109,997
66$9,138,082$6,041,574$5,325,133$8,744,189
67$9,991,562$6,259,007$5,424,920$9,437,821
68$10,929,620$6,484,618$5,525,574$10,196,818
69$11,960,807$6,718,729$5,627,046$11,027,703
70$13,094,540$6,961,678$5,729,283$11,937,662
71$14,341,196$7,213,813$5,832,227$12,934,610
72$15,712,209$7,475,500$5,935,817$14,027,265
73$17,220,173$7,747,119$6,039,986$15,225,230
74$18,878,967$8,029,064$6,144,662$16,539,084
75$20,703,882$8,321,748$6,249,768$17,980,480
76$22,711,764$8,625,600$6,355,222$19,562,256
77$24,921,178$8,941,068$6,460,935$21,298,555
78$27,352,575$9,268,618$6,566,814$23,204,958
79$30,028,492$9,608,734$6,672,756$25,298,630
80$32,973,760$9,961,924$6,778,656$27,598,482
81$36,215,740$10,328,715$6,884,397$30,125,350
82$39,784,579$10,709,656$6,989,858$32,902,188
83$43,713,497$11,105,320$7,094,910$35,954,288
84$48,039,098$11,516,305$7,199,414$39,309,517
85$52,801,716$11,943,233$7,303,223$42,998,576
86$58,045,793$12,386,754$7,406,183$47,055,295
87$63,820,302$12,847,543$7,508,129$51,516,947
88$70,179,207$13,326,308$7,608,886$56,424,600
89$77,181,972$13,823,782$7,708,269$61,823,508
90$84,894,120$14,340,734$7,806,083$67,763,531
91$93,387,854$14,877,964$7,902,120$74,299,612
92$102,742,736$15,436,305$7,996,163$81,492,287
93$113,046,441$16,016,630$8,087,979$89,408,263
94$124,395,577$16,619,844$8,177,326$98,121,045
95$136,896,605$17,246,895$8,263,945$107,711,624
96$150,666,837$17,898,771$8,347,566$118,269,250
97$165,835,546$18,576,503$8,427,901$129,892,263
98$182,545,186$19,281,165$8,504,650$142,689,032
99$200,952,732$20,013,880$8,577,493$156,778,967
100$221,231,169$20,775,818$8,646,097$172,293,651