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%16.5%
1 years$412,895$409,217$405,629$402,127$398,707$388,124
2 years$204,404$200,597$196,907$193,330$189,860$179,272
3 years$134,915$131,092$127,412$123,869$120,455$110,193
4 years$100,178$96,367$92,723$89,240$85,910$76,052
5 years$79,341$75,553$71,957$68,545$65,307$55,882
6 years$65,455$61,694$58,152$54,816$51,675$42,691
7 years$55,539$51,811$48,325$45,067$42,026$33,483
8 years$48,106$44,411$40,983$37,806$34,865$26,760
9 years$42,328$38,668$35,299$32,202$29,361$21,686
10 years$37,708$34,084$30,774$27,759$25,017$17,763
11 years$33,931$30,343$27,093$24,158$21,515$14,671
12 years$30,785$27,234$24,044$21,190$18,645$12,197
13 years$28,126$24,612$21,482$18,708$16,259$10,195
14 years$25,848$22,371$19,302$16,607$14,252$8,558
15 years$23,876$20,437$17,427$14,810$12,549$7,209
16 years$22,152$18,750$15,800$13,261$11,091$6,091
17 years$20,632$17,268$14,377$11,915$9,834$5,159
18 years$19,283$15,957$13,125$10,738$8,744$4,378
19 years$18,077$14,789$12,015$9,702$7,793$3,722
20 years$16,993$13,742$11,027$8,787$6,961$3,169
21 years$16,014$12,800$10,143$7,975$6,230$2,701
22 years$15,125$11,949$9,348$7,251$5,584$2,305
23 years$14,314$11,175$8,631$6,604$5,012$1,968
24 years$13,572$10,471$7,982$6,023$4,505$1,682
25 years$12,891$9,826$7,393$5,501$4,054$1,439
26 years$12,263$9,235$6,857$5,029$3,652$1,231
27 years$11,682$8,691$6,367$4,604$3,292$1,054
28 years$11,144$8,190$5,919$4,218$2,971$902
29 years$10,644$7,726$5,508$3,868$2,683$773
30 years$10,178$7,296$5,131$3,550$2,424$662
31 years$9,743$6,898$4,783$3,260$2,191$568
32 years$9,336$6,526$4,463$2,996$1,982$487
33 years$8,954$6,181$4,167$2,755$1,794$417
34 years$8,596$5,858$3,893$2,535$1,624$358
35 years$8,259$5,556$3,640$2,334$1,471$307
36 years$7,941$5,274$3,405$2,149$1,333$263
37 years$7,641$5,009$3,187$1,980$1,208$226
38 years$7,358$4,760$2,985$1,825$1,095$194
39 years$7,090$4,526$2,796$1,683$993$166
40 years$6,836$4,306$2,621$1,552$901$143
41 years$6,595$4,099$2,458$1,432$817$122
42 years$6,366$3,904$2,305$1,322$742$105
43 years$6,148$3,720$2,163$1,220$673$90
44 years$5,941$3,546$2,031$1,127$611$77
45 years$5,743$3,381$1,907$1,040$555$66
46 years$5,555$3,225$1,791$961$504$57
47 years$5,375$3,078$1,682$888$457$49
48 years$5,203$2,938$1,581$820$415$42
49 years$5,039$2,806$1,486$758$377$36
50 years$4,882$2,680$1,397$701$343$31

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 $5,372 every year, while hoping to spend $27,782 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: 29/50/21 Blend
58$5,000,000$5,000,000$5,000,000$5,000,000
59$5,515,541$5,250,541$5,173,041$5,638,958
60$6,048,567$5,478,258$5,316,778$5,962,081
61$6,635,029$5,716,202$5,464,399$6,306,400
62$7,280,351$5,964,844$5,616,005$6,676,007
63$7,990,505$6,224,679$5,771,699$7,073,093
64$8,772,072$6,496,224$5,931,587$7,500,056
65$9,632,305$6,780,021$6,095,777$7,959,520
66$10,579,195$7,076,637$6,264,380$8,454,361
67$11,621,546$7,386,665$6,437,510$8,987,729
68$12,769,059$7,710,727$6,615,282$9,563,076
69$14,032,426$8,049,476$6,797,817$10,184,185
70$15,423,425$8,403,592$6,985,236$10,855,206
71$16,955,036$8,773,790$7,177,663$11,580,688
72$18,641,562$9,160,818$7,375,227$12,365,623
73$20,498,763$9,565,459$7,578,058$13,215,486
74$22,544,005$9,988,534$7,786,291$14,136,286
75$24,796,424$10,430,903$8,000,062$15,134,620
76$27,277,107$10,893,465$8,219,512$16,217,729
77$30,009,290$11,377,163$8,444,784$17,393,565
78$33,018,578$11,882,985$8,676,025$18,670,861
79$36,333,187$12,411,965$8,913,385$20,059,208
80$39,984,206$12,965,186$9,157,019$21,569,145
81$44,005,899$13,543,783$9,407,083$23,212,251
82$48,436,018$14,148,946$9,663,737$25,001,249
83$53,316,168$14,781,920$9,927,148$26,950,123
84$58,692,192$15,444,010$10,197,483$29,074,247
85$64,614,611$16,136,581$10,474,913$31,390,520
86$71,139,094$16,861,067$10,759,616$33,917,521
87$78,326,990$17,618,967$11,051,771$36,675,682
88$86,245,899$18,411,853$11,351,562$39,687,473
89$94,970,319$19,241,371$11,659,177$42,977,604
90$104,582,340$20,109,247$11,974,808$46,573,257
91$115,172,426$21,017,288$12,298,652$50,504,335
92$126,840,266$21,967,388$12,630,909$54,803,730
93$139,695,714$22,961,530$12,971,785$59,507,637
94$153,859,826$24,001,794$13,321,489$64,655,879
95$169,466,004$25,090,359$13,680,236$70,292,278
96$186,661,256$26,229,506$14,048,243$76,465,058
97$205,607,580$27,421,627$14,425,735$83,227,294
98$226,483,495$28,669,229$14,812,939$90,637,403
99$249,485,728$29,974,937$15,210,089$98,759,681
100$274,831,067$31,341,505$15,617,422$107,664,905