Can I retire at age 59 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$388,122$384,664$381,291$377,999$374,785$369,948
2 years$192,139$188,561$185,093$181,730$178,469$173,603
3 years$126,821$123,227$119,767$116,436$113,228$108,484
4 years$94,168$90,585$87,160$83,886$80,755$76,170
5 years$74,581$71,019$67,640$64,432$61,389$56,975
6 years$61,527$57,993$54,663$51,527$48,575$44,338
7 years$52,207$48,702$45,425$42,363$39,504$35,447
8 years$45,220$41,747$38,524$35,538$32,773$28,893
9 years$39,788$36,348$33,181$30,270$27,599$23,896
10 years$35,446$32,039$28,928$26,093$23,516$19,987
11 years$31,895$28,522$25,468$22,709$20,225$16,866
12 years$28,938$25,600$22,602$19,919$17,526$14,335
13 years$26,438$23,135$20,193$17,585$15,283$12,255
14 years$24,297$21,029$18,144$15,610$13,397$10,527
15 years$22,443$19,211$16,381$13,922$11,796$9,079
16 years$20,823$17,625$14,852$12,465$10,425$7,857
17 years$19,394$16,232$13,515$11,200$9,244$6,819
18 years$18,126$14,999$12,337$10,093$8,219$5,932
19 years$16,993$13,901$11,294$9,120$7,326$5,172
20 years$15,974$12,918$10,365$8,260$6,544$4,517
21 years$15,053$12,032$9,534$7,497$5,856$3,951
22 years$14,217$11,232$8,787$6,816$5,249$3,461
23 years$13,455$10,505$8,113$6,208$4,712$3,035
24 years$12,758$9,842$7,503$5,662$4,235$2,664
25 years$12,117$9,237$6,950$5,171$3,811$2,341
26 years$11,527$8,681$6,445$4,728$3,433$2,058
27 years$10,981$8,170$5,985$4,327$3,095$1,811
28 years$10,475$7,698$5,564$3,965$2,793$1,594
29 years$10,005$7,262$5,178$3,636$2,522$1,404
30 years$9,567$6,859$4,823$3,337$2,278$1,237
31 years$9,158$6,484$4,496$3,065$2,060$1,091
32 years$8,776$6,135$4,195$2,816$1,863$962
33 years$8,417$5,810$3,917$2,590$1,686$849
34 years$8,080$5,506$3,660$2,383$1,527$749
35 years$7,763$5,223$3,422$2,194$1,383$661
36 years$7,465$4,957$3,201$2,020$1,253$583
37 years$7,183$4,708$2,996$1,861$1,136$515
38 years$6,917$4,474$2,806$1,716$1,030$455
39 years$6,664$4,255$2,629$1,582$934$402
40 years$6,426$4,048$2,464$1,459$847$355
41 years$6,199$3,853$2,310$1,346$768$314
42 years$5,984$3,670$2,167$1,242$697$277
43 years$5,779$3,497$2,033$1,147$633$245
44 years$5,584$3,333$1,909$1,059$574$216
45 years$5,399$3,178$1,792$978$521$191
46 years$5,222$3,032$1,683$903$473$169
47 years$5,053$2,893$1,581$835$430$149
48 years$4,891$2,762$1,486$771$390$132
49 years$4,737$2,638$1,397$713$355$117
50 years$4,589$2,520$1,313$659$322$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,700,000, adding $6,248 every year, while hoping to spend $29,957 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: 50/28/22 Blend
58$4,700,000$4,700,000$4,700,000$4,700,000
59$5,185,845$4,936,745$4,863,895$5,412,860
60$5,682,927$5,146,771$4,994,961$5,781,005
61$6,229,707$5,366,085$5,129,414$6,177,340
62$6,831,224$5,595,109$5,267,336$6,607,479
63$7,493,027$5,834,288$5,408,810$7,074,628
64$8,221,232$6,084,084$5,553,921$7,582,312
65$9,022,577$6,344,984$5,702,757$8,134,407
66$9,904,486$6,617,495$5,855,406$8,735,174
67$10,875,142$6,902,150$6,011,960$9,389,297
68$11,943,556$7,199,505$6,172,511$10,101,927
69$13,119,662$7,510,144$6,337,153$10,878,730
70$14,414,404$7,834,677$6,505,984$11,725,937
71$15,839,840$8,173,743$6,679,101$12,650,403
72$17,409,259$8,528,012$6,856,606$13,659,669
73$19,137,301$8,898,182$7,038,600$14,762,032
74$21,040,101$9,284,988$7,225,189$15,966,621
75$23,135,437$9,689,198$7,416,478$17,283,480
76$25,442,898$10,111,616$7,612,577$18,723,666
77$27,984,071$10,553,082$7,813,595$20,299,345
78$30,782,743$11,014,480$8,019,647$22,023,907
79$33,865,124$11,496,731$8,230,847$23,912,093
80$37,260,099$12,000,803$8,447,312$25,980,128
81$40,999,494$12,527,707$8,669,162$28,245,874
82$45,118,381$13,078,504$8,896,518$30,728,994
83$49,655,409$13,654,303$9,129,504$33,451,137
84$54,653,164$14,256,268$9,368,247$36,436,140
85$60,158,577$14,885,615$9,612,873$39,710,247
86$66,223,362$15,543,620$9,863,514$43,302,358
87$72,904,506$16,231,619$10,120,303$47,244,296
88$80,264,808$16,951,010$10,383,375$51,571,104
89$88,373,467$17,703,259$10,652,867$56,321,372
90$97,306,741$18,489,899$10,928,919$61,537,602
91$107,148,664$19,312,539$11,211,673$67,266,601
92$117,991,837$20,172,863$11,501,274$73,559,919
93$129,938,305$21,072,634$11,797,867$80,474,335
94$143,100,518$22,013,699$12,101,602$88,072,386
95$157,602,396$22,997,995$12,412,630$96,422,954
96$173,580,492$24,027,548$12,731,104$105,601,911
97$191,185,287$25,104,483$13,057,181$115,692,832
98$210,582,608$26,231,025$13,391,019$126,787,776
99$231,955,193$27,409,504$13,732,777$138,988,155
100$255,504,417$28,642,364$14,082,619$152,405,679