Can I retire at age 59 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$412,895$409,217$405,629$402,127$398,707$385,020
2 years$204,404$200,597$196,907$193,330$189,860$176,211
3 years$134,915$131,092$127,412$123,869$120,455$107,271
4 years$100,178$96,367$92,723$89,240$85,910$73,292
5 years$79,341$75,553$71,957$68,545$65,307$53,289
6 years$65,455$61,694$58,152$54,816$51,675$40,267
7 years$55,539$51,811$48,325$45,067$42,026$31,225
8 years$48,106$44,411$40,983$37,806$34,865$24,662
9 years$42,328$38,668$35,299$32,202$29,361$19,745
10 years$37,708$34,084$30,774$27,759$25,017$15,971
11 years$33,931$30,343$27,093$24,158$21,515$13,022
12 years$30,785$27,234$24,044$21,190$18,645$10,684
13 years$28,126$24,612$21,482$18,708$16,259$8,810
14 years$25,848$22,371$19,302$16,607$14,252$7,293
15 years$23,876$20,437$17,427$14,810$12,549$6,058
16 years$22,152$18,750$15,800$13,261$11,091$5,045
17 years$20,632$17,268$14,377$11,915$9,834$4,211
18 years$19,283$15,957$13,125$10,738$8,744$3,521
19 years$18,077$14,789$12,015$9,702$7,793$2,949
20 years$16,993$13,742$11,027$8,787$6,961$2,472
21 years$16,014$12,800$10,143$7,975$6,230$2,075
22 years$15,125$11,949$9,348$7,251$5,584$1,743
23 years$14,314$11,175$8,631$6,604$5,012$1,465
24 years$13,572$10,471$7,982$6,023$4,505$1,233
25 years$12,891$9,826$7,393$5,501$4,054$1,037
26 years$12,263$9,235$6,857$5,029$3,652$874
27 years$11,682$8,691$6,367$4,604$3,292$736
28 years$11,144$8,190$5,919$4,218$2,971$620
29 years$10,644$7,726$5,508$3,868$2,683$522
30 years$10,178$7,296$5,131$3,550$2,424$440
31 years$9,743$6,898$4,783$3,260$2,191$371
32 years$9,336$6,526$4,463$2,996$1,982$313
33 years$8,954$6,181$4,167$2,755$1,794$264
34 years$8,596$5,858$3,893$2,535$1,624$223
35 years$8,259$5,556$3,640$2,334$1,471$188
36 years$7,941$5,274$3,405$2,149$1,333$158
37 years$7,641$5,009$3,187$1,980$1,208$134
38 years$7,358$4,760$2,985$1,825$1,095$113
39 years$7,090$4,526$2,796$1,683$993$95
40 years$6,836$4,306$2,621$1,552$901$80
41 years$6,595$4,099$2,458$1,432$817$68
42 years$6,366$3,904$2,305$1,322$742$57
43 years$6,148$3,720$2,163$1,220$673$48
44 years$5,941$3,546$2,031$1,127$611$41
45 years$5,743$3,381$1,907$1,040$555$34
46 years$5,555$3,225$1,791$961$504$29
47 years$5,375$3,078$1,682$888$457$24
48 years$5,203$2,938$1,581$820$415$21
49 years$5,039$2,806$1,486$758$377$17
50 years$4,882$2,680$1,397$701$343$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,000,000, adding $5,673 every year, while hoping to spend $56,120 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: 37/46/17 Blend
58$5,000,000$5,000,000$5,000,000$5,000,000
59$5,515,852$5,250,852$5,173,352$5,691,325
60$6,018,757$5,448,432$5,286,948$6,016,004
61$6,571,078$5,653,813$5,402,468$6,360,733
62$7,177,796$5,867,318$5,519,919$6,731,904
63$7,844,398$6,089,283$5,639,302$7,131,918
64$8,576,928$6,320,060$5,760,621$7,563,411
65$9,382,048$6,560,015$5,883,875$8,029,274
66$10,267,093$6,809,533$6,009,061$8,532,684
67$11,240,148$7,069,010$6,136,175$9,077,128
68$12,310,116$7,338,866$6,265,211$9,666,438
69$13,486,812$7,619,534$6,396,159$10,304,823
70$14,781,043$7,911,467$6,529,007$10,996,908
71$16,204,721$8,215,141$6,663,741$11,747,774
72$17,770,969$8,531,049$6,800,342$12,563,009
73$19,494,245$8,859,708$6,938,791$13,448,754
74$21,390,481$9,201,656$7,079,063$14,411,759
75$23,477,229$9,557,456$7,221,130$15,459,450
76$25,773,830$9,927,695$7,364,962$16,599,989
77$28,301,595$10,312,987$7,510,522$17,842,357
78$31,084,005$10,713,971$7,657,773$19,196,429
79$34,146,934$11,131,316$7,806,668$20,673,070
80$37,518,891$11,565,720$7,957,162$22,284,234
81$41,231,291$12,017,913$8,109,199$24,043,072
82$45,318,747$12,488,656$8,262,722$25,964,055
83$49,819,403$12,978,743$8,417,667$28,063,108
84$54,775,287$13,489,007$8,573,964$30,357,756
85$60,232,712$14,020,314$8,731,537$32,867,290
86$66,242,710$14,573,571$8,890,305$35,612,939
87$72,861,515$15,149,724$9,050,179$38,618,075
88$80,151,093$15,749,764$9,211,064$41,908,424
89$88,179,726$16,374,724$9,372,855$45,512,308
90$97,022,655$17,025,683$9,535,444$49,460,909
91$106,762,795$17,703,770$9,698,709$53,788,557
92$117,491,509$18,410,163$9,862,525$58,533,052
93$129,309,477$19,146,096$10,026,754$63,736,016
94$142,327,644$19,912,855$10,191,251$69,443,282
95$156,668,265$20,711,786$10,355,859$75,705,320
96$172,466,060$21,544,295$10,520,412$82,577,711
97$189,869,486$22,411,853$10,684,733$90,121,665
98$209,042,135$23,315,996$10,848,634$98,404,593
99$230,164,282$24,258,329$11,011,913$107,500,742
100$253,434,584$25,240,533$11,174,357$117,491,884