Can I retire at age 59 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$404,637$401,033$397,517$394,084$390,733$386,813
2 years$200,316$196,585$192,969$189,464$186,063$182,116
3 years$132,217$128,470$124,864$121,391$118,046$114,193
4 years$98,175$94,439$90,869$87,456$84,192$80,462
5 years$77,754$74,042$70,518$67,174$64,001$60,406
6 years$64,145$60,461$56,989$53,720$50,642$47,186
7 years$54,429$50,775$47,358$44,166$41,185$37,871
8 years$47,144$43,523$40,163$37,050$34,167$30,993
9 years$41,482$37,895$34,593$31,558$28,774$25,739
10 years$36,954$33,402$30,159$27,203$24,517$21,620
11 years$33,252$29,736$26,551$23,675$21,085$18,323
12 years$30,170$26,690$23,564$20,766$18,272$15,643
13 years$27,563$24,120$21,053$18,334$15,934$13,434
14 years$25,331$21,924$18,916$16,274$13,967$11,593
15 years$23,398$20,028$17,078$14,514$12,298$10,047
16 years$21,709$18,375$15,484$12,996$10,869$8,736
17 years$20,220$16,923$14,090$11,676$9,637$7,619
18 years$18,897$15,638$12,862$10,523$8,569$6,662
19 years$17,716$14,493$11,775$9,508$7,638$5,838
20 years$16,654$13,467$10,806$8,612$6,822$5,125
21 years$15,694$12,544$9,940$7,816$6,105$4,506
22 years$14,822$11,710$9,161$7,106$5,472$3,968
23 years$14,028$10,952$8,459$6,472$4,912$3,498
24 years$13,301$10,261$7,823$5,903$4,415$3,088
25 years$12,633$9,630$7,245$5,391$3,973$2,728
26 years$12,017$9,050$6,720$4,929$3,579$2,412
27 years$11,448$8,517$6,240$4,512$3,227$2,134
28 years$10,921$8,026$5,801$4,134$2,911$1,889
29 years$10,431$7,571$5,398$3,791$2,629$1,673
30 years$9,974$7,150$5,028$3,479$2,375$1,483
31 years$9,548$6,760$4,688$3,195$2,148$1,315
32 years$9,149$6,396$4,374$2,936$1,943$1,166
33 years$8,775$6,057$4,084$2,700$1,758$1,035
34 years$8,424$5,741$3,816$2,484$1,592$919
35 years$8,094$5,445$3,567$2,287$1,442$816
36 years$7,782$5,168$3,337$2,106$1,306$724
37 years$7,489$4,908$3,123$1,941$1,184$643
38 years$7,211$4,665$2,925$1,789$1,073$571
39 years$6,948$4,436$2,740$1,649$973$508
40 years$6,699$4,220$2,569$1,521$883$451
41 years$6,463$4,017$2,408$1,404$801$401
42 years$6,238$3,826$2,259$1,295$727$356
43 years$6,025$3,645$2,120$1,196$660$317
44 years$5,822$3,475$1,990$1,104$599$282
45 years$5,628$3,314$1,869$1,020$544$250
46 years$5,444$3,161$1,755$942$493$223
47 years$5,268$3,017$1,649$870$448$198
48 years$5,099$2,880$1,549$804$407$176
49 years$4,938$2,750$1,456$743$370$157
50 years$4,784$2,627$1,369$687$336$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,900,000, adding $3,937 every year, while hoping to spend $52,769 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: 48/47/5 Blend
58$4,900,000$4,900,000$4,900,000$4,900,000
59$5,403,861$5,144,161$5,068,211$5,656,253
60$5,898,909$5,340,079$5,181,850$6,025,014
61$6,442,683$5,543,829$5,297,528$6,419,212
62$7,040,098$5,755,737$5,415,256$6,845,916
63$7,696,568$5,976,148$5,535,047$7,308,160
64$8,418,056$6,205,418$5,656,910$7,809,275
65$9,211,134$6,443,920$5,780,852$8,352,923
66$10,083,041$6,692,043$5,906,882$8,943,123
67$11,041,752$6,950,194$6,035,003$9,584,297
68$12,096,054$7,218,796$6,165,219$10,281,300
69$13,255,628$7,498,294$6,297,531$11,039,474
70$14,531,141$7,789,149$6,431,936$11,864,687
71$15,934,344$8,091,844$6,568,433$12,763,394
72$17,478,187$8,406,884$6,707,015$13,742,693
73$19,176,935$8,734,795$6,847,673$14,810,391
74$21,046,309$9,076,126$6,990,397$15,975,072
75$23,103,629$9,431,452$7,135,171$17,246,180
76$25,367,979$9,801,374$7,281,980$18,634,107
77$27,860,388$10,186,516$7,430,801$20,150,283
78$30,604,026$10,587,534$7,581,612$21,807,285
79$33,624,424$11,005,111$7,734,383$23,618,955
80$36,949,715$11,439,961$7,889,085$25,600,524
81$40,610,897$11,892,830$8,045,680$27,768,756
82$44,642,128$12,364,498$8,204,129$30,142,099
83$49,081,044$12,855,778$8,364,388$32,740,864
84$53,969,121$13,367,521$8,526,405$35,587,404
85$59,352,059$13,900,618$8,690,127$38,706,330
86$65,280,217$14,455,995$8,855,494$42,124,734
87$71,809,085$15,034,625$9,022,439$45,872,444
88$78,999,811$15,637,522$9,190,891$49,982,303
89$86,919,778$16,265,746$9,360,771$54,490,471
90$95,643,233$16,920,405$9,531,995$59,436,765
91$105,251,996$17,602,658$9,704,470$64,865,030
92$115,836,228$18,313,717$9,878,097$70,823,551
93$127,495,279$19,054,845$10,052,770$77,365,500
94$140,338,633$19,827,367$10,228,373$84,549,433
95$154,486,931$20,632,666$10,404,781$92,439,844
96$170,073,120$21,472,189$10,581,863$101,107,760
97$187,243,698$22,347,446$10,759,475$110,631,413
98$206,160,103$23,260,019$10,937,466$121,096,969
99$227,000,235$24,211,561$11,115,672$132,599,336
100$249,960,131$25,203,800$11,293,920$145,243,054