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

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$388,122$384,664$381,291$377,999$374,785$368,728
2 years$192,139$188,561$185,093$181,730$178,469$172,383
3 years$126,821$123,227$119,767$116,436$113,228$107,303
4 years$94,168$90,585$87,160$83,886$80,755$75,037
5 years$74,581$71,019$67,640$64,432$61,389$55,893
6 years$61,527$57,993$54,663$51,527$48,575$43,308
7 years$52,207$48,702$45,425$42,363$39,504$34,469
8 years$45,220$41,747$38,524$35,538$32,773$27,967
9 years$39,788$36,348$33,181$30,270$27,599$23,021
10 years$35,446$32,039$28,928$26,093$23,516$19,161
11 years$31,895$28,522$25,468$22,709$20,225$16,089
12 years$28,938$25,600$22,602$19,919$17,526$13,604
13 years$26,438$23,135$20,193$17,585$15,283$11,569
14 years$24,297$21,029$18,144$15,610$13,397$9,885
15 years$22,443$19,211$16,381$13,922$11,796$8,479
16 years$20,823$17,625$14,852$12,465$10,425$7,297
17 years$19,394$16,232$13,515$11,200$9,244$6,297
18 years$18,126$14,999$12,337$10,093$8,219$5,447
19 years$16,993$13,901$11,294$9,120$7,326$4,721
20 years$15,974$12,918$10,365$8,260$6,544$4,099
21 years$15,053$12,032$9,534$7,497$5,856$3,564
22 years$14,217$11,232$8,787$6,816$5,249$3,103
23 years$13,455$10,505$8,113$6,208$4,712$2,704
24 years$12,758$9,842$7,503$5,662$4,235$2,359
25 years$12,117$9,237$6,950$5,171$3,811$2,059
26 years$11,527$8,681$6,445$4,728$3,433$1,799
27 years$10,981$8,170$5,985$4,327$3,095$1,573
28 years$10,475$7,698$5,564$3,965$2,793$1,376
29 years$10,005$7,262$5,178$3,636$2,522$1,204
30 years$9,567$6,859$4,823$3,337$2,278$1,054
31 years$9,158$6,484$4,496$3,065$2,060$923
32 years$8,776$6,135$4,195$2,816$1,863$809
33 years$8,417$5,810$3,917$2,590$1,686$709
34 years$8,080$5,506$3,660$2,383$1,527$621
35 years$7,763$5,223$3,422$2,194$1,383$544
36 years$7,465$4,957$3,201$2,020$1,253$477
37 years$7,183$4,708$2,996$1,861$1,136$419
38 years$6,917$4,474$2,806$1,716$1,030$367
39 years$6,664$4,255$2,629$1,582$934$322
40 years$6,426$4,048$2,464$1,459$847$283
41 years$6,199$3,853$2,310$1,346$768$248
42 years$5,984$3,670$2,167$1,242$697$218
43 years$5,779$3,497$2,033$1,147$633$191
44 years$5,584$3,333$1,909$1,059$574$168
45 years$5,399$3,178$1,792$978$521$147
46 years$5,222$3,032$1,683$903$473$129
47 years$5,053$2,893$1,581$835$430$113
48 years$4,891$2,762$1,486$771$390$99
49 years$4,737$2,638$1,397$713$355$87
50 years$4,589$2,520$1,313$659$322$77

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 $6,444 every year, while hoping to spend $56,561 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: 23/49/28 Blend
58$4,700,000$4,700,000$4,700,000$4,700,000
59$5,186,047$4,936,947$4,864,097$5,259,290
60$5,654,843$5,118,677$4,966,864$5,505,060
61$6,169,561$5,307,416$5,071,178$5,762,828
62$6,734,825$5,503,448$5,177,030$6,037,605
63$7,355,728$5,707,068$5,284,412$6,330,831
64$8,037,884$5,918,585$5,393,311$6,644,084
65$8,787,473$6,138,321$5,503,712$6,979,091
66$9,611,306$6,366,610$5,615,598$7,337,745
67$10,516,887$6,603,802$5,728,948$7,722,124
68$11,512,482$6,850,260$5,843,740$8,134,502
69$12,607,198$7,106,366$5,959,948$8,577,376
70$13,811,069$7,372,515$6,077,543$9,053,485
71$15,135,150$7,649,120$6,196,493$9,565,833
72$16,591,621$7,936,612$6,316,761$10,117,719
73$18,193,902$8,235,442$6,438,308$10,712,763
74$19,956,778$8,546,076$6,561,089$11,354,943
75$21,896,541$8,869,006$6,685,057$12,048,624
76$24,031,141$9,204,740$6,810,160$12,798,605
77$26,380,357$9,553,812$6,936,339$13,610,154
78$28,965,981$9,916,776$7,063,534$14,489,064
79$31,812,025$10,294,213$7,191,677$15,441,699
80$34,944,949$10,686,727$7,320,696$16,475,056
81$38,393,907$11,094,949$7,450,512$17,596,825
82$42,191,021$11,519,538$7,581,041$18,815,464
83$46,371,692$11,961,181$7,712,191$20,140,271
84$50,974,922$12,420,596$7,843,867$21,581,474
85$56,043,690$12,898,532$7,975,964$23,150,321
86$61,625,358$13,395,771$8,108,369$24,859,186
87$67,772,109$13,913,128$8,240,964$26,721,680
88$74,541,449$14,451,457$8,373,622$28,752,781
89$81,996,744$15,011,646$8,506,206$30,968,967
90$90,207,820$15,594,624$8,638,571$33,388,372
91$99,251,619$16,201,362$8,770,564$36,030,951
92$109,212,927$16,832,872$8,902,021$38,918,670
93$120,185,174$17,490,211$9,032,768$42,075,701
94$132,271,316$18,174,485$9,162,619$45,528,654
95$145,584,802$18,886,847$9,291,379$49,306,821
96$160,250,650$19,628,501$9,418,839$53,442,448
97$176,406,626$20,400,707$9,544,779$57,971,037
98$194,204,539$21,204,779$9,668,966$62,931,674
99$213,811,679$22,042,090$9,791,154$68,367,395
100$235,412,393$22,914,075$9,911,080$74,325,586