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

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$371,606$368,296$365,066$361,914$358,836$356,874
2 years$183,963$180,537$177,217$173,997$170,874$168,895
3 years$121,424$117,983$114,671$111,482$108,410$106,473
4 years$90,160$86,730$83,451$80,316$77,319$75,441
5 years$71,407$67,997$64,761$61,691$58,776$56,963
6 years$58,909$55,525$52,337$49,334$46,508$44,760
7 years$49,985$46,630$43,492$40,561$37,823$36,143
8 years$43,296$39,970$36,885$34,025$31,378$29,765
9 years$38,095$34,801$31,769$28,982$26,425$24,879
10 years$33,937$30,676$27,697$24,983$22,515$21,035
11 years$30,538$27,309$24,384$21,742$19,364$17,949
12 years$27,707$24,511$21,640$19,071$16,780$15,429
13 years$25,313$22,151$19,334$16,837$14,633$13,345
14 years$23,263$20,134$17,372$14,946$12,827$11,600
15 years$21,488$18,393$15,684$13,329$11,294$10,127
16 years$19,937$16,875$14,220$11,935$9,982$8,872
17 years$18,569$15,542$12,940$10,723$8,850$7,797
18 years$17,355$14,361$11,812$9,664$7,869$6,871
19 years$16,270$13,310$10,814$8,732$7,014$6,068
20 years$15,294$12,368$9,924$7,909$6,265$5,370
21 years$14,413$11,520$9,128$7,178$5,607$4,761
22 years$13,612$10,754$8,413$6,526$5,026$4,227
23 years$12,883$10,058$7,768$5,943$4,511$3,757
24 years$12,215$9,424$7,184$5,421$4,055$3,344
25 years$11,602$8,844$6,654$4,951$3,649$2,980
26 years$11,036$8,311$6,171$4,527$3,287$2,657
27 years$10,514$7,822$5,731$4,143$2,963$2,372
28 years$10,030$7,371$5,327$3,796$2,674$2,118
29 years$9,579$6,953$4,957$3,481$2,414$1,893
30 years$9,160$6,567$4,618$3,195$2,181$1,693
31 years$8,769$6,208$4,305$2,934$1,972$1,514
32 years$8,402$5,874$4,017$2,697$1,784$1,356
33 years$8,059$5,563$3,750$2,480$1,615$1,214
34 years$7,736$5,272$3,504$2,282$1,462$1,087
35 years$7,433$5,000$3,276$2,100$1,324$974
36 years$7,147$4,746$3,065$1,934$1,200$873
37 years$6,877$4,508$2,868$1,782$1,087$783
38 years$6,622$4,284$2,686$1,643$986$702
39 years$6,381$4,074$2,517$1,515$894$630
40 years$6,152$3,876$2,359$1,397$811$565
41 years$5,935$3,689$2,212$1,289$736$507
42 years$5,729$3,514$2,075$1,190$667$455
43 years$5,533$3,348$1,947$1,098$606$408
44 years$5,347$3,191$1,828$1,014$550$366
45 years$5,169$3,043$1,716$936$499$329
46 years$4,999$2,903$1,612$865$453$295
47 years$4,838$2,770$1,514$799$412$265
48 years$4,683$2,645$1,423$738$374$238
49 years$4,535$2,525$1,337$682$339$214
50 years$4,394$2,412$1,257$631$308$192

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 $2,208 every year, while hoping to spend $41,772 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: 52/31/17 Blend
58$4,500,000$4,500,000$4,500,000$4,500,000
59$4,961,278$4,722,778$4,653,028$5,196,156
60$5,422,883$4,909,749$4,764,459$5,544,507
61$5,930,172$5,104,481$4,878,223$5,918,620
62$6,487,760$5,307,311$4,994,354$6,324,610
63$7,100,733$5,518,591$5,112,886$6,765,509
64$7,774,692$5,738,687$5,233,853$7,244,654
65$8,515,810$5,967,982$5,357,287$7,765,713
66$9,330,888$6,206,878$5,483,220$8,332,719
67$10,227,417$6,455,793$5,611,687$8,950,106
68$11,213,652$6,715,166$5,742,717$9,622,754
69$12,298,690$6,985,454$5,876,343$10,356,029
70$13,492,550$7,267,135$6,012,595$11,155,834
71$14,806,275$7,560,710$6,151,501$12,028,664
72$16,252,031$7,866,700$6,293,092$12,981,668
73$17,843,222$8,185,653$6,437,395$14,022,708
74$19,594,620$8,518,139$6,584,437$15,160,439
75$21,522,499$8,864,756$6,734,244$16,404,387
76$23,644,792$9,226,127$6,886,839$17,765,036
77$25,981,260$9,602,906$7,042,247$19,253,925
78$28,553,676$9,995,776$7,200,490$20,883,757
79$31,386,031$10,405,449$7,361,586$22,668,516
80$34,504,763$10,832,673$7,525,556$24,623,598
81$37,939,002$11,278,227$7,692,416$26,765,953
82$41,720,848$11,742,928$7,862,180$29,114,244
83$45,885,673$12,227,630$8,034,861$31,689,019
84$50,472,452$12,733,225$8,210,470$34,512,906
85$55,524,136$13,260,647$8,389,014$37,610,823
86$61,088,052$13,810,872$8,570,500$41,010,208
87$67,216,352$14,384,923$8,754,930$44,741,280
88$73,966,504$14,983,868$8,942,304$48,837,318
89$81,401,835$15,608,825$9,132,619$53,334,973
90$89,592,128$16,260,964$9,325,868$58,274,615
91$98,614,281$16,941,507$9,522,041$63,700,705
92$108,553,032$17,651,736$9,721,123$69,662,214
93$119,501,759$18,392,988$9,923,098$76,213,086
94$131,563,360$19,166,666$10,127,944$83,412,736
95$144,851,225$19,974,235$10,335,633$91,326,615
96$159,490,308$20,817,230$10,546,134$100,026,819
97$175,618,301$21,697,256$10,759,411$109,592,767
98$193,386,938$22,615,993$10,975,422$120,111,949
99$212,963,427$23,575,198$11,194,120$131,680,745
100$234,532,025$24,576,711$11,415,452$144,405,330