Can I retire at age 59 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$437,669$433,771$429,967$426,254$422,629$418,913
2 years$216,668$212,633$208,722$204,930$201,252$197,508
3 years$143,010$138,958$135,057$131,301$127,683$124,025
4 years$106,189$102,149$98,287$94,595$91,064$87,523
5 years$84,102$80,086$76,275$72,658$69,226$65,810
6 years$69,382$65,396$61,641$58,105$54,776$51,491
7 years$58,872$54,920$51,224$47,771$44,547$41,394
8 years$50,993$47,076$43,442$40,074$36,956$33,935
9 years$44,868$40,988$37,417$34,134$31,123$28,232
10 years$39,971$36,129$32,621$29,424$26,518$23,756
11 years$35,967$32,164$28,719$25,608$22,806$20,172
12 years$32,632$28,868$25,487$22,461$19,764$17,253
13 years$29,813$26,089$22,771$19,830$17,234$14,845
14 years$27,399$23,714$20,460$17,603$15,107$12,837
15 years$25,308$21,663$18,473$15,699$13,302$11,147
16 years$23,481$19,875$16,748$14,057$11,756$9,713
17 years$21,870$18,304$15,240$12,630$10,424$8,489
18 years$20,440$16,914$13,912$11,382$9,268$7,438
19 years$19,162$15,676$12,736$10,285$8,261$6,532
20 years$18,013$14,567$11,688$9,315$7,379$5,747
21 years$16,975$13,568$10,751$8,454$6,603$5,065
22 years$16,032$12,666$9,909$7,686$5,919$4,470
23 years$15,173$11,846$9,149$7,000$5,313$3,950
24 years$14,387$11,099$8,461$6,384$4,776$3,494
25 years$13,664$10,416$7,837$5,831$4,297$3,094
26 years$12,998$9,789$7,268$5,331$3,871$2,742
27 years$12,383$9,213$6,749$4,880$3,490$2,432
28 years$11,813$8,681$6,274$4,471$3,149$2,158
29 years$11,282$8,190$5,839$4,100$2,843$1,916
30 years$10,789$7,734$5,439$3,763$2,569$1,703
31 years$10,327$7,311$5,070$3,456$2,323$1,513
32 years$9,896$6,918$4,731$3,176$2,101$1,346
33 years$9,492$6,551$4,417$2,921$1,902$1,197
34 years$9,112$6,209$4,127$2,687$1,722$1,065
35 years$8,754$5,889$3,858$2,474$1,559$948
36 years$8,418$5,590$3,610$2,278$1,413$844
37 years$8,100$5,309$3,378$2,099$1,281$751
38 years$7,800$5,046$3,164$1,935$1,161$669
39 years$7,515$4,798$2,964$1,784$1,053$596
40 years$7,246$4,565$2,778$1,645$955$531
41 years$6,990$4,345$2,605$1,518$866$473
42 years$6,748$4,138$2,444$1,401$786$422
43 years$6,517$3,943$2,293$1,293$713$376
44 years$6,297$3,758$2,152$1,194$648$335
45 years$6,088$3,584$2,021$1,103$588$299
46 years$5,888$3,419$1,898$1,019$534$266
47 years$5,698$3,263$1,783$941$485$237
48 years$5,515$3,115$1,676$870$440$212
49 years$5,341$2,974$1,575$804$400$189
50 years$5,175$2,841$1,481$743$363$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,300,000, adding $3,583 every year, while hoping to spend $21,320 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: 30/48/22 Blend
58$5,300,000$5,300,000$5,300,000$5,300,000
59$5,844,296$5,563,396$5,481,246$5,979,449
60$6,417,730$5,813,318$5,642,183$6,333,081
61$7,048,939$6,074,772$5,807,798$6,711,106
62$7,743,795$6,348,300$5,978,223$7,117,347
63$8,508,766$6,634,470$6,153,597$7,554,261
64$9,350,980$6,933,879$6,334,062$8,024,535
65$10,278,290$7,247,149$6,519,764$8,531,115
66$11,299,352$7,574,936$6,710,852$9,077,224
67$12,423,702$7,917,923$6,907,481$9,666,395
68$13,661,847$8,276,829$7,109,809$10,302,501
69$15,025,367$8,652,406$7,318,000$10,989,783
70$16,527,022$9,045,441$7,532,220$11,732,897
71$18,180,871$9,456,760$7,752,643$12,536,944
72$20,002,408$9,887,229$7,979,444$13,407,524
73$22,008,704$10,337,755$8,212,806$14,350,777
74$24,218,574$10,809,286$8,452,917$15,373,445
75$26,652,747$11,302,820$8,699,969$16,482,927
76$29,334,068$11,819,399$8,954,158$17,687,345
77$32,287,710$12,360,117$9,215,690$18,995,618
78$35,541,413$12,926,119$9,484,772$20,417,541
79$39,125,745$13,518,607$9,761,619$21,963,874
80$43,074,390$14,138,838$10,046,453$23,646,437
81$47,424,469$14,788,132$10,339,500$25,478,217
82$52,216,886$15,467,871$10,640,994$27,473,487
83$57,496,715$16,179,503$10,951,174$29,647,932
84$63,313,628$16,924,547$11,270,287$32,018,795
85$69,722,362$17,704,594$11,598,586$34,605,030
86$76,783,236$18,521,312$11,936,331$37,427,477
87$84,562,718$19,376,449$12,283,791$40,509,052
88$93,134,057$20,271,836$12,641,239$43,874,957
89$102,577,970$21,209,395$13,008,959$47,552,907
90$112,983,405$22,191,137$13,387,242$51,573,389
91$124,448,382$23,219,174$13,776,385$55,969,938
92$137,080,919$24,295,715$14,176,695$60,779,448
93$151,000,046$25,423,078$14,588,488$66,042,510
94$166,336,936$26,603,694$15,012,087$71,803,785
95$183,236,138$27,840,109$15,447,826$78,112,421
96$201,856,942$29,134,993$15,896,047$85,022,501
97$222,374,886$30,491,144$16,357,101$92,593,546
98$244,983,409$31,911,495$16,831,348$100,891,067
99$269,895,680$33,399,121$17,319,161$109,987,170
100$297,346,607$34,957,246$17,820,921$119,961,226