Can I retire at age 59 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$454,185$450,139$446,192$442,340$438,578$426,764
2 years$224,844$220,656$216,598$212,663$208,847$197,029
3 years$148,407$144,201$140,153$136,255$132,501$121,049
4 years$110,196$106,003$101,996$98,164$94,501$83,502
5 years$87,275$83,108$79,153$75,400$71,838$61,324
6 years$72,000$67,864$63,967$60,298$56,843$46,823
7 years$61,093$56,992$53,157$49,574$46,229$36,703
8 years$52,917$48,853$45,081$41,586$38,351$29,316
9 years$46,561$42,535$38,829$35,422$32,297$23,743
10 years$41,479$37,493$33,852$30,534$27,519$19,436
11 years$37,324$33,377$29,802$26,574$23,667$16,042
12 years$33,864$29,958$26,449$23,309$20,509$13,329
13 years$30,938$27,073$23,630$20,578$17,885$11,133
14 years$28,433$24,609$21,232$18,267$15,677$9,339
15 years$26,263$22,480$19,170$16,291$13,804$7,862
16 years$24,367$20,625$17,380$14,587$12,200$6,638
17 years$22,696$18,995$15,815$13,106$10,817$5,618
18 years$21,211$17,552$14,437$11,811$9,618$4,764
19 years$19,885$16,267$13,217$10,673$8,573$4,047
20 years$18,693$15,116$12,130$9,666$7,657$3,443
21 years$17,615$14,080$11,157$8,773$6,853$2,933
22 years$16,637$13,144$10,283$7,976$6,142$2,500
23 years$15,746$12,293$9,494$7,264$5,514$2,134
24 years$14,930$11,518$8,781$6,625$4,956$1,822
25 years$14,180$10,809$8,133$6,051$4,459$1,557
26 years$13,489$10,158$7,543$5,532$4,017$1,331
27 years$12,850$9,560$7,004$5,064$3,622$1,139
28 years$12,258$9,009$6,511$4,640$3,268$974
29 years$11,708$8,499$6,059$4,255$2,951$834
30 years$11,196$8,026$5,644$3,905$2,666$714
31 years$10,717$7,587$5,262$3,586$2,411$611
32 years$10,269$7,179$4,909$3,296$2,180$524
33 years$9,850$6,799$4,584$3,031$1,973$449
34 years$9,456$6,444$4,283$2,789$1,787$384
35 years$9,085$6,112$4,004$2,567$1,618$330
36 years$8,735$5,801$3,746$2,364$1,466$282
37 years$8,405$5,510$3,506$2,178$1,329$242
38 years$8,094$5,236$3,283$2,008$1,205$208
39 years$7,799$4,979$3,076$1,851$1,092$178
40 years$7,519$4,737$2,883$1,708$991$153
41 years$7,254$4,509$2,703$1,575$899$131
42 years$7,002$4,294$2,536$1,454$816$112
43 years$6,763$4,092$2,380$1,342$740$96
44 years$6,535$3,900$2,234$1,239$672$82
45 years$6,318$3,719$2,097$1,144$610$71
46 years$6,110$3,548$1,970$1,057$554$61
47 years$5,913$3,386$1,851$977$503$52
48 years$5,724$3,232$1,739$902$457$45
49 years$5,543$3,087$1,635$834$415$38
50 years$5,370$2,949$1,537$771$377$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,500,000, adding $4,771 every year, while hoping to spend $28,449 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: 48/42/10 Blend
58$5,500,000$5,500,000$5,500,000$5,500,000
59$6,065,921$5,774,421$5,689,171$6,340,341
60$6,654,376$6,027,098$5,849,489$6,782,069
61$7,301,899$6,291,203$6,014,224$7,258,037
62$8,014,486$6,567,266$6,183,494$7,774,160
63$8,798,743$6,855,841$6,357,420$8,334,190
64$9,661,947$7,157,509$6,536,126$8,942,245
65$10,612,119$7,472,880$6,719,739$9,602,849
66$11,658,095$7,802,591$6,908,390$10,320,971
67$12,809,611$8,147,309$7,102,212$11,102,068
68$14,077,398$8,507,734$7,301,343$11,952,139
69$15,473,277$8,884,597$7,505,922$12,877,774
70$17,010,275$9,278,667$7,716,095$13,886,217
71$18,702,747$9,690,745$7,932,008$14,985,430
72$20,566,510$10,121,674$8,153,813$16,184,166
73$22,618,993$10,572,335$8,381,665$17,492,049
74$24,879,403$11,043,652$8,615,723$18,919,662
75$27,368,903$11,536,591$8,856,150$20,478,642
76$30,110,813$12,052,166$9,103,113$22,181,790
77$33,130,831$12,591,439$9,356,783$24,043,182
78$36,457,277$13,155,520$9,617,336$26,078,307
79$40,121,353$13,745,574$9,884,951$28,304,203
80$44,157,446$14,362,823$10,159,812$30,739,614
81$48,603,448$15,008,543$10,442,108$33,405,168
82$53,501,114$15,684,075$10,732,032$36,323,560
83$58,896,454$16,390,822$11,029,782$39,519,768
84$64,840,174$17,130,254$11,335,561$43,021,280
85$71,388,146$17,903,910$11,649,577$46,858,353
86$78,601,941$18,713,406$11,972,041$51,064,287
87$86,549,407$19,560,431$12,303,173$55,675,739
88$95,305,312$20,446,757$12,643,194$60,733,062
89$104,952,046$21,374,242$12,992,334$66,280,679
90$115,580,404$22,344,829$13,350,827$72,367,498
91$127,290,437$23,360,557$13,718,911$79,047,364
92$140,192,400$24,423,562$14,096,833$86,379,565
93$154,407,790$25,536,082$14,484,842$94,429,380
94$170,070,497$26,700,462$14,883,196$103,268,691
95$187,328,062$27,919,160$15,292,159$112,976,653
96$206,343,077$29,194,751$15,711,998$123,640,431
97$227,294,710$30,529,933$16,142,990$135,356,017
98$250,380,407$31,927,536$16,585,416$148,229,126
99$275,817,746$33,390,523$17,039,565$162,376,186
100$303,846,497$34,922,000$17,505,731$177,925,424