Can I retire at age 59 with 5,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$445,927$441,955$438,080$434,297$430,604$418,329
2 years$220,756$216,645$212,660$208,797$205,049$192,778
3 years$145,709$141,580$137,605$133,778$130,092$118,209
4 years$108,192$104,076$100,141$96,380$92,783$81,379
5 years$85,689$81,597$77,714$74,029$70,532$59,639
6 years$70,691$66,630$62,804$59,201$55,809$45,437
7 years$59,983$55,956$52,191$48,673$45,388$35,536
8 years$51,955$47,964$44,262$40,830$37,654$28,317
9 years$45,714$41,762$38,123$34,778$31,710$22,879
10 years$40,725$36,811$33,236$29,979$27,018$18,681
11 years$36,645$32,771$29,261$26,091$23,237$15,380
12 years$33,248$29,413$25,968$22,885$20,136$12,745
13 years$30,376$26,581$23,201$20,204$17,559$10,616
14 years$27,916$24,161$20,846$17,935$15,392$8,881
15 years$25,786$22,072$18,821$15,995$13,553$7,455
16 years$23,924$20,250$17,064$14,322$11,978$6,277
17 years$22,283$18,650$15,528$12,868$10,620$5,297
18 years$20,826$17,233$14,175$11,597$9,443$4,479
19 years$19,523$15,972$12,976$10,479$8,417$3,793
20 years$18,353$14,842$11,909$9,490$7,518$3,217
21 years$17,295$13,824$10,954$8,613$6,728$2,732
22 years$16,335$12,905$10,096$7,831$6,031$2,322
23 years$15,459$12,069$9,322$7,132$5,413$1,975
24 years$14,658$11,308$8,621$6,505$4,866$1,681
25 years$13,922$10,612$7,985$5,941$4,378$1,432
26 years$13,244$9,974$7,405$5,432$3,944$1,220
27 years$12,617$9,386$6,877$4,972$3,556$1,041
28 years$12,035$8,845$6,393$4,555$3,208$887
29 years$11,495$8,344$5,949$4,177$2,897$757
30 years$10,992$7,880$5,541$3,834$2,618$646
31 years$10,522$7,449$5,166$3,521$2,367$552
32 years$10,083$7,049$4,820$3,236$2,141$471
33 years$9,671$6,675$4,500$2,976$1,937$402
34 years$9,284$6,326$4,205$2,738$1,754$343
35 years$8,920$6,001$3,931$2,520$1,589$293
36 years$8,576$5,695$3,678$2,321$1,440$250
37 years$8,253$5,409$3,442$2,139$1,305$214
38 years$7,947$5,141$3,223$1,971$1,183$183
39 years$7,657$4,888$3,020$1,818$1,073$156
40 years$7,383$4,651$2,831$1,676$973$133
41 years$7,122$4,427$2,654$1,547$883$114
42 years$6,875$4,216$2,490$1,427$801$97
43 years$6,640$4,017$2,336$1,318$727$83
44 years$6,416$3,829$2,193$1,217$660$71
45 years$6,203$3,652$2,059$1,124$599$61
46 years$5,999$3,484$1,934$1,038$544$52
47 years$5,805$3,324$1,817$959$494$44
48 years$5,619$3,174$1,707$886$448$38
49 years$5,442$3,031$1,605$819$407$32
50 years$5,272$2,895$1,509$757$370$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,400,000, adding $5,963 every year, while hoping to spend $56,073 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: 81/11/8 Blend
58$5,400,000$5,400,000$5,400,000$5,400,000
59$5,956,951$5,670,751$5,587,051$6,433,021
60$6,504,899$5,888,956$5,714,556$6,963,819
61$7,106,858$6,115,975$5,844,453$7,538,246
62$7,768,278$6,352,178$5,976,763$8,167,014
63$8,495,164$6,597,956$6,111,506$8,855,529
64$9,294,129$6,853,715$6,248,700$9,609,744
65$10,172,462$7,119,878$6,388,363$10,436,213
66$11,138,189$7,396,889$6,530,509$11,342,157
67$12,200,157$7,685,209$6,675,154$12,335,525
68$13,368,111$7,985,323$6,822,310$13,425,073
69$14,652,788$8,297,733$6,971,987$14,620,444
70$16,066,017$8,622,967$7,124,193$15,932,259
71$17,620,834$8,961,574$7,278,936$17,372,217
72$19,331,597$9,314,130$7,436,219$18,953,205
73$21,214,132$9,681,235$7,596,045$20,689,415
74$23,285,874$10,063,515$7,758,412$22,596,484
75$25,566,031$10,461,625$7,923,317$24,691,633
76$28,075,772$10,876,251$8,090,754$26,993,837
77$30,838,420$11,308,106$8,260,713$29,523,996
78$33,879,674$11,757,939$8,433,182$32,305,134
79$37,227,851$12,226,528$8,608,145$35,362,619
80$40,914,155$12,714,691$8,785,580$38,724,394
81$44,972,967$13,223,279$8,965,466$42,421,247
82$49,442,174$13,753,184$9,147,772$46,487,095
83$54,363,521$14,305,335$9,332,468$50,959,309
84$59,783,010$14,880,707$9,519,516$55,879,059
85$65,751,332$15,480,316$9,708,874$61,291,706
86$72,324,341$16,105,225$9,900,495$67,247,227
87$79,563,588$16,756,545$10,094,326$73,800,687
88$87,536,897$17,435,439$10,290,309$81,012,757
89$96,319,004$18,143,119$10,488,378$88,950,284
90$105,992,267$18,880,856$10,688,463$97,686,921
91$116,647,438$19,649,977$10,890,486$107,303,823
92$128,384,520$20,451,870$11,094,361$117,890,410
93$141,313,715$21,287,985$11,299,995$129,545,209
94$155,556,457$22,159,841$11,507,289$142,376,783
95$171,246,565$23,069,022$11,716,133$156,504,754
96$188,531,500$24,017,189$11,926,408$172,060,931
97$207,573,758$25,006,076$12,137,988$189,190,553
98$228,552,406$26,037,498$12,350,735$208,053,657
99$251,664,768$27,113,353$12,564,502$228,826,585
100$277,128,293$28,235,625$12,779,130$251,703,652