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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$454,185$450,139$446,192$442,340$438,578$435,631
2 years$224,844$220,656$216,598$212,663$208,847$205,875
3 years$148,407$144,201$140,153$136,255$132,501$129,596
4 years$110,196$106,003$101,996$98,164$94,501$91,685
5 years$87,275$83,108$79,153$75,400$71,838$69,120
6 years$72,000$67,864$63,967$60,298$56,843$54,226
7 years$61,093$56,992$53,157$49,574$46,229$43,714
8 years$52,917$48,853$45,081$41,586$38,351$35,939
9 years$46,561$42,535$38,829$35,422$32,297$29,986
10 years$41,479$37,493$33,852$30,534$27,519$25,308
11 years$37,324$33,377$29,802$26,574$23,667$21,556
12 years$33,864$29,958$26,449$23,309$20,509$18,495
13 years$30,938$27,073$23,630$20,578$17,885$15,965
14 years$28,433$24,609$21,232$18,267$15,677$13,851
15 years$26,263$22,480$19,170$16,291$13,804$12,067
16 years$24,367$20,625$17,380$14,587$12,200$10,551
17 years$22,696$18,995$15,815$13,106$10,817$9,254
18 years$21,211$17,552$14,437$11,811$9,618$8,137
19 years$19,885$16,267$13,217$10,673$8,573$7,171
20 years$18,693$15,116$12,130$9,666$7,657$6,332
21 years$17,615$14,080$11,157$8,773$6,853$5,601
22 years$16,637$13,144$10,283$7,976$6,142$4,962
23 years$15,746$12,293$9,494$7,264$5,514$4,401
24 years$14,930$11,518$8,781$6,625$4,956$3,908
25 years$14,180$10,809$8,133$6,051$4,459$3,474
26 years$13,489$10,158$7,543$5,532$4,017$3,091
27 years$12,850$9,560$7,004$5,064$3,622$2,752
28 years$12,258$9,009$6,511$4,640$3,268$2,452
29 years$11,708$8,499$6,059$4,255$2,951$2,186
30 years$11,196$8,026$5,644$3,905$2,666$1,950
31 years$10,717$7,587$5,262$3,586$2,411$1,741
32 years$10,269$7,179$4,909$3,296$2,180$1,554
33 years$9,850$6,799$4,584$3,031$1,973$1,388
34 years$9,456$6,444$4,283$2,789$1,787$1,240
35 years$9,085$6,112$4,004$2,567$1,618$1,109
36 years$8,735$5,801$3,746$2,364$1,466$991
37 years$8,405$5,510$3,506$2,178$1,329$886
38 years$8,094$5,236$3,283$2,008$1,205$793
39 years$7,799$4,979$3,076$1,851$1,092$709
40 years$7,519$4,737$2,883$1,708$991$634
41 years$7,254$4,509$2,703$1,575$899$568
42 years$7,002$4,294$2,536$1,454$816$508
43 years$6,763$4,092$2,380$1,342$740$455
44 years$6,535$3,900$2,234$1,239$672$407
45 years$6,318$3,719$2,097$1,144$610$365
46 years$6,110$3,548$1,970$1,057$554$326
47 years$5,913$3,386$1,851$977$503$292
48 years$5,724$3,232$1,739$902$457$262
49 years$5,543$3,087$1,635$834$415$234
50 years$5,370$2,949$1,537$771$377$210

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 $2,372 every year, while hoping to spend $41,123 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: 42/48/10 Blend
58$5,500,000$5,500,000$5,500,000$5,500,000
59$6,063,447$5,771,947$5,686,697$6,300,246
60$6,638,164$6,011,018$5,833,447$6,705,012
61$7,270,124$6,260,425$5,983,734$7,138,718
62$7,965,122$6,520,631$6,137,635$7,607,415
63$8,729,543$6,792,121$6,295,225$8,114,309
64$9,570,423$7,075,401$6,456,581$8,662,921
65$10,495,512$7,371,002$6,621,782$9,257,113
66$11,513,351$7,679,478$6,790,909$9,901,124
67$12,633,349$8,001,408$6,964,041$10,599,612
68$13,865,875$8,337,401$7,141,260$11,357,688
69$15,222,352$8,688,092$7,322,650$12,180,969
70$16,715,367$9,054,144$7,508,294$13,075,624
71$18,358,791$9,436,253$7,698,278$14,048,432
72$20,167,905$9,835,147$7,892,688$15,106,841
73$22,159,549$10,251,587$8,091,611$16,259,037
74$24,352,278$10,686,370$8,295,135$17,514,020
75$26,766,538$11,140,329$8,503,349$18,881,681
76$29,424,857$11,614,338$8,716,344$20,372,896
77$32,352,062$12,109,310$8,934,211$21,999,626
78$35,575,506$12,626,199$9,157,041$23,775,022
79$39,125,333$13,166,008$9,384,927$25,713,548
80$43,034,757$13,729,783$9,617,962$27,831,115
81$47,340,380$14,318,621$9,856,242$30,145,226
82$52,082,533$14,933,667$10,099,860$32,675,135
83$57,305,659$15,576,124$10,348,913$35,442,026
84$63,058,731$16,247,249$10,603,496$38,469,210
85$69,395,714$16,948,357$10,863,706$41,782,336
86$76,376,078$17,680,828$11,129,641$45,409,634
87$84,065,351$18,446,102$11,401,398$49,382,170
88$92,535,747$19,245,690$11,679,074$53,734,136
89$101,866,838$20,081,174$11,962,768$58,503,170
90$112,146,312$20,954,208$12,252,577$63,730,700
91$123,470,798$21,866,527$12,548,601$69,462,333
92$135,946,777$22,819,944$12,850,937$75,748,278
93$149,691,587$23,816,360$13,159,682$82,643,809
94$164,834,533$24,857,766$13,474,935$90,209,787
95$181,518,103$25,946,243$13,796,793$98,513,221
96$199,899,315$27,083,976$14,125,352$107,627,893
97$220,151,203$28,273,248$14,460,708$117,635,051
98$242,464,440$29,516,452$14,802,956$128,624,162
99$267,049,149$30,816,094$15,152,192$140,693,751
100$294,136,879$32,174,799$15,508,506$153,952,318