Can I retire at age 59 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$421,153$417,402$413,742$410,169$406,681$402,100
2 years$208,492$204,609$200,846$197,197$193,658$189,045
3 years$137,614$133,714$129,960$126,346$122,864$118,365
4 years$102,182$98,294$94,578$91,025$87,628$83,275
5 years$80,928$77,064$73,396$69,916$66,613$62,420
6 years$66,764$62,928$59,315$55,912$52,709$48,681
7 years$56,650$52,847$49,291$45,969$42,866$39,005
8 years$49,068$45,300$41,803$38,562$35,562$31,867
9 years$43,175$39,442$36,005$32,846$29,948$26,418
10 years$38,462$34,766$31,390$28,314$25,517$22,150
11 years$34,610$30,950$27,635$24,641$21,946$18,738
12 years$31,401$27,779$24,525$21,614$19,018$15,966
13 years$28,688$25,104$21,912$19,082$16,584$13,685
14 years$26,365$22,819$19,688$16,939$14,537$11,787
15 years$24,353$20,846$17,775$15,106$12,800$10,193
16 years$22,595$19,125$16,116$13,526$11,312$8,846
17 years$21,045$17,614$14,665$12,153$10,030$7,699
18 years$19,669$16,276$13,387$10,952$8,919$6,717
19 years$18,439$15,084$12,255$9,896$7,949$5,873
20 years$17,333$14,017$11,247$8,963$7,101$5,145
21 years$16,334$13,056$10,345$8,135$6,354$4,514
22 years$15,427$12,188$9,535$7,396$5,696$3,965
23 years$14,601$11,399$8,804$6,736$5,113$3,488
24 years$13,844$10,680$8,142$6,144$4,595$3,071
25 years$13,149$10,023$7,541$5,611$4,135$2,707
26 years$12,508$9,420$6,994$5,130$3,725$2,388
27 years$11,916$8,865$6,495$4,696$3,358$2,107
28 years$11,367$8,353$6,038$4,302$3,030$1,861
29 years$10,857$7,881$5,618$3,945$2,736$1,645
30 years$10,381$7,442$5,233$3,621$2,472$1,454
31 years$9,938$7,035$4,879$3,325$2,235$1,286
32 years$9,523$6,657$4,552$3,056$2,022$1,138
33 years$9,133$6,304$4,250$2,810$1,830$1,007
34 years$8,768$5,975$3,971$2,586$1,657$892
35 years$8,424$5,667$3,713$2,380$1,501$790
36 years$8,100$5,379$3,473$2,192$1,360$699
37 years$7,794$5,109$3,251$2,020$1,232$620
38 years$7,505$4,855$3,044$1,862$1,117$549
39 years$7,232$4,617$2,852$1,717$1,013$487
40 years$6,973$4,393$2,673$1,583$919$431
41 years$6,727$4,181$2,507$1,461$834$382
42 years$6,493$3,982$2,351$1,348$756$339
43 years$6,271$3,794$2,207$1,245$686$301
44 years$6,060$3,617$2,071$1,149$623$267
45 years$5,858$3,449$1,945$1,061$566$236
46 years$5,666$3,290$1,827$980$514$210
47 years$5,483$3,140$1,716$906$466$186
48 years$5,307$2,997$1,613$837$424$165
49 years$5,140$2,862$1,516$773$385$146
50 years$4,979$2,734$1,425$715$349$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,100,000, adding $2,053 every year, while hoping to spend $25,870 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: 28/47/25 Blend
58$5,100,000$5,100,000$5,100,000$5,100,000
59$5,622,318$5,352,018$5,272,968$5,735,804
60$6,168,269$5,586,741$5,422,087$6,060,294
61$6,769,039$5,832,099$5,575,334$6,406,284
62$7,430,195$6,088,585$5,732,821$6,777,490
63$8,157,865$6,356,716$5,894,661$7,176,087
64$8,958,806$6,637,034$6,060,971$7,604,458
65$9,840,462$6,930,106$6,231,871$8,065,210
66$10,811,034$7,236,526$6,407,483$8,561,199
67$11,879,560$7,556,917$6,587,935$9,095,552
68$13,055,998$7,891,929$6,773,354$9,671,697
69$14,351,322$8,242,245$6,963,873$10,293,391
70$15,777,623$8,608,581$7,159,629$10,964,752
71$17,348,224$8,991,685$7,360,760$11,690,296
72$19,077,806$9,392,341$7,567,409$12,474,978
73$20,982,548$9,811,372$7,779,723$13,324,232
74$23,080,277$10,249,638$7,997,852$14,244,022
75$25,390,635$10,708,040$8,221,950$15,240,894
76$27,935,269$11,187,523$8,452,174$16,322,032
77$30,738,031$11,689,076$8,688,687$17,495,328
78$33,825,206$12,213,737$8,931,654$18,769,445
79$37,225,758$12,762,591$9,181,245$20,153,900
80$40,971,603$13,336,776$9,437,635$21,659,146
81$45,097,912$13,937,483$9,701,001$23,296,671
82$49,643,441$14,565,962$9,971,527$25,079,096
83$54,650,900$15,223,521$10,249,400$27,020,292
84$60,167,349$15,911,532$10,534,813$29,135,506
85$66,244,651$16,631,429$10,827,962$31,441,501
86$72,939,955$17,384,719$11,129,048$33,956,705
87$80,316,238$18,172,978$11,438,279$36,701,380
88$88,442,899$18,997,858$11,755,866$39,697,810
89$97,396,413$19,861,092$12,082,026$42,970,502
90$107,261,054$20,764,492$12,416,981$46,546,411
91$118,129,690$21,709,961$12,760,958$50,455,189
92$130,104,660$22,699,490$13,114,191$54,729,455
93$143,298,736$23,735,166$13,476,918$59,405,099
94$157,836,196$24,819,178$13,849,383$64,521,609
95$173,853,988$25,953,818$14,231,838$70,122,436
96$191,503,028$27,141,488$14,624,537$76,255,398
97$210,949,621$28,384,705$15,027,743$82,973,119
98$232,377,035$29,686,109$15,441,726$90,333,520
99$255,987,229$31,048,463$15,866,759$98,400,350
100$282,002,755$32,474,667$16,303,125$107,243,782