Can I retire at age 59 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$396,380$392,849$389,404$386,042$382,759$373,354
2 years$196,227$192,573$189,031$185,597$182,266$172,849
3 years$129,519$125,849$122,316$118,914$115,637$106,502
4 years$96,171$92,512$89,014$85,671$82,473$73,691
5 years$76,168$72,531$69,079$65,803$62,695$54,289
6 years$62,836$59,227$55,826$52,623$49,608$41,588
7 years$53,318$49,738$46,392$43,265$40,345$32,711
8 years$46,182$42,635$39,344$36,294$33,470$26,219
9 years$40,635$37,121$33,887$30,914$28,187$21,312
10 years$36,200$32,721$29,543$26,648$24,016$17,511
11 years$32,574$29,129$26,009$23,192$20,655$14,509
12 years$29,554$26,145$23,083$20,342$17,899$12,102
13 years$27,001$23,627$20,623$17,959$15,608$10,149
14 years$24,814$21,477$18,530$15,942$13,682$8,549
15 years$22,921$19,619$16,730$14,218$12,047$7,227
16 years$21,266$18,000$15,168$12,730$10,647$6,128
17 years$19,807$16,578$13,802$11,438$9,440$5,209
18 years$18,512$15,318$12,600$10,308$8,394$4,437
19 years$17,354$14,197$11,534$9,314$7,482$3,786
20 years$16,314$13,193$10,586$8,436$6,683$3,236
21 years$15,373$12,288$9,737$7,656$5,980$2,769
22 years$14,520$11,471$8,974$6,961$5,361$2,372
23 years$13,742$10,728$8,286$6,340$4,812$2,034
24 years$13,029$10,052$7,663$5,782$4,325$1,745
25 years$12,375$9,433$7,098$5,281$3,892$1,498
26 years$11,772$8,866$6,583$4,828$3,506$1,287
27 years$11,215$8,344$6,113$4,419$3,161$1,106
28 years$10,698$7,862$5,682$4,049$2,852$951
29 years$10,218$7,417$5,288$3,713$2,575$818
30 years$9,771$7,005$4,926$3,408$2,327$704
31 years$9,353$6,622$4,592$3,130$2,104$606
32 years$8,962$6,265$4,284$2,876$1,903$522
33 years$8,596$5,933$4,000$2,645$1,722$449
34 years$8,252$5,624$3,738$2,434$1,559$387
35 years$7,928$5,334$3,494$2,240$1,412$333
36 years$7,624$5,063$3,269$2,063$1,280$287
37 years$7,336$4,808$3,060$1,901$1,160$247
38 years$7,064$4,570$2,865$1,752$1,051$213
39 years$6,806$4,345$2,684$1,616$953$184
40 years$6,562$4,134$2,516$1,490$865$158
41 years$6,331$3,935$2,359$1,375$785$136
42 years$6,111$3,748$2,213$1,269$712$117
43 years$5,902$3,571$2,077$1,171$646$101
44 years$5,703$3,404$1,949$1,082$586$87
45 years$5,513$3,246$1,830$999$532$75
46 years$5,333$3,096$1,719$923$483$65
47 years$5,160$2,955$1,615$852$439$56
48 years$4,995$2,821$1,518$788$399$48
49 years$4,837$2,694$1,427$728$362$42
50 years$4,686$2,573$1,341$673$329$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,800,000, adding $2,604 every year, while hoping to spend $39,352 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: 43/45/12 Blend
58$4,800,000$4,800,000$4,800,000$4,800,000
59$5,292,286$5,037,886$4,963,486$5,501,320
60$5,790,229$5,242,872$5,087,893$5,852,584
61$6,337,643$5,456,584$5,215,148$6,228,739
62$6,939,533$5,679,407$5,345,306$6,635,371
63$7,601,413$5,911,745$5,478,421$7,075,292
64$8,329,356$6,154,020$5,614,547$7,551,585
65$9,130,057$6,406,673$5,753,741$8,067,637
66$10,010,889$6,670,167$5,896,058$8,627,168
67$10,979,978$6,944,983$6,041,553$9,234,263
68$12,046,274$7,231,626$6,190,284$9,893,408
69$13,219,643$7,530,624$6,342,307$10,609,535
70$14,510,952$7,842,530$6,497,680$11,388,061
71$15,932,175$8,167,920$6,656,459$12,234,940
72$17,496,509$8,507,400$6,818,701$13,156,717
73$19,218,490$8,861,600$6,984,466$14,160,588
74$21,114,140$9,231,182$7,153,809$15,254,462
75$23,201,111$9,616,838$7,326,790$16,447,038
76$25,498,852$10,019,291$7,503,465$17,747,881
77$28,028,796$10,439,298$7,683,893$19,167,513
78$30,814,560$10,877,650$7,868,130$20,717,505
79$33,882,167$11,335,177$8,056,234$22,410,586
80$37,260,293$11,812,745$8,248,263$24,260,763
81$40,980,534$12,311,262$8,444,271$26,283,442
82$45,077,711$12,831,676$8,644,317$28,495,578
83$49,590,191$13,374,981$8,848,454$30,915,828
84$54,560,251$13,942,216$9,056,738$33,564,724
85$60,034,482$14,534,470$9,269,224$36,464,863
86$66,064,220$15,152,880$9,485,964$39,641,115
87$72,706,037$15,798,638$9,707,011$43,120,858
88$80,022,273$16,472,991$9,932,416$46,934,226
89$88,081,622$17,177,244$10,162,229$51,114,393
90$96,959,782$17,912,764$10,396,498$55,697,880
91$106,740,170$18,680,980$10,635,271$60,724,898
92$117,514,709$19,483,389$10,878,594$66,239,716
93$129,384,692$20,321,558$11,126,510$72,291,079
94$142,461,743$21,197,127$11,379,060$78,932,661
95$156,868,868$22,111,813$11,636,285$86,223,564
96$172,741,613$23,067,413$11,898,222$94,228,873
97$190,229,351$24,065,810$12,164,906$103,020,262
98$209,496,683$25,108,973$12,436,369$112,676,662
99$230,724,997$26,198,964$12,712,639$123,285,005
100$254,114,178$27,337,945$12,993,744$134,941,029