Can I retire at age 59 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$462,443$458,324$454,305$450,382$446,552$435,227
2 years$228,932$224,668$220,536$216,530$212,644$201,307
3 years$151,105$146,823$142,702$138,733$134,910$123,917
4 years$112,200$107,931$103,850$99,949$96,219$85,654
5 years$88,862$84,619$80,592$76,771$73,144$63,036
6 years$73,309$69,098$65,130$61,394$57,876$48,236
7 years$62,204$58,028$54,124$50,475$47,069$37,897
8 years$53,879$49,741$45,901$42,343$39,048$30,340
9 years$47,408$43,308$39,535$36,066$32,884$24,632
10 years$42,233$38,174$34,467$31,090$28,019$20,214
11 years$38,003$33,984$30,344$27,057$24,097$16,727
12 years$34,480$30,502$26,930$23,733$20,882$13,934
13 years$31,501$27,565$24,060$20,953$18,210$11,670
14 years$28,950$25,056$21,618$18,599$15,963$9,816
15 years$26,741$22,889$19,518$16,587$14,055$8,287
16 years$24,810$21,000$17,696$14,852$12,422$7,017
17 years$23,108$19,341$16,103$13,345$11,014$5,956
18 years$21,597$17,872$14,700$12,026$9,793$5,066
19 years$20,247$16,563$13,457$10,867$8,729$4,316
20 years$19,033$15,391$12,350$9,842$7,797$3,683
21 years$17,936$14,336$11,360$8,932$6,977$3,147
22 years$16,940$13,383$10,470$8,121$6,254$2,691
23 years$16,032$12,516$9,667$7,396$5,614$2,304
24 years$15,201$11,727$8,940$6,746$5,046$1,974
25 years$14,438$11,005$8,280$6,161$4,541$1,692
26 years$13,734$10,343$7,680$5,633$4,090$1,451
27 years$13,084$9,734$7,131$5,156$3,687$1,245
28 years$12,481$9,172$6,629$4,724$3,327$1,069
29 years$11,921$8,653$6,169$4,332$3,004$918
30 years$11,399$8,172$5,746$3,976$2,715$789
31 years$10,912$7,725$5,357$3,651$2,454$678
32 years$10,456$7,310$4,998$3,356$2,220$582
33 years$10,029$6,922$4,667$3,086$2,009$501
34 years$9,627$6,561$4,361$2,839$1,819$430
35 years$9,250$6,223$4,077$2,614$1,648$370
36 years$8,894$5,906$3,814$2,407$1,493$318
37 years$8,558$5,610$3,570$2,218$1,353$274
38 years$8,241$5,331$3,343$2,044$1,227$235
39 years$7,941$5,069$3,132$1,885$1,112$203
40 years$7,656$4,823$2,936$1,739$1,009$174
41 years$7,386$4,591$2,753$1,604$915$150
42 years$7,130$4,372$2,582$1,480$831$129
43 years$6,886$4,166$2,423$1,367$754$111
44 years$6,654$3,971$2,274$1,262$684$95
45 years$6,432$3,787$2,135$1,165$621$82
46 years$6,221$3,613$2,006$1,076$564$71
47 years$6,020$3,447$1,884$994$512$61
48 years$5,828$3,291$1,771$919$465$52
49 years$5,644$3,143$1,664$849$422$45
50 years$5,468$3,002$1,565$785$384$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,600,000, adding $5,601 every year, while hoping to spend $20,354 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: 77/17/6 Blend
58$5,600,000$5,600,000$5,600,000$5,600,000
59$6,176,977$5,880,177$5,793,377$6,648,758
60$6,785,373$6,146,650$5,965,799$7,225,656
61$7,455,142$6,425,497$6,143,315$7,854,777
62$8,192,524$6,717,304$6,326,073$8,543,909
63$9,004,393$7,022,683$6,514,229$9,299,003
64$9,898,325$7,342,278$6,707,938$10,126,611
65$10,882,665$7,676,761$6,907,365$11,033,946
66$11,966,611$8,026,836$7,112,676$12,028,949
67$13,160,297$8,393,244$7,324,043$13,120,361
68$14,474,893$8,776,757$7,541,644$14,317,809
69$15,922,702$9,178,189$7,765,659$15,631,889
70$17,517,287$9,598,389$7,996,278$17,074,273
71$19,273,589$10,038,249$8,233,692$18,657,811
72$21,208,074$10,498,702$8,478,100$20,396,652
73$23,338,887$10,980,728$8,729,705$22,306,382
74$25,686,022$11,485,352$8,988,719$24,404,161
75$28,271,511$12,013,650$9,255,356$26,708,892
76$31,119,634$12,566,747$9,529,840$29,241,389
77$34,257,145$13,145,827$9,812,398$32,024,581
78$37,713,527$13,752,125$10,103,266$35,083,720
79$41,521,267$14,386,939$10,402,686$38,446,619
80$45,716,167$15,051,630$10,710,906$42,143,916
81$50,337,679$15,747,623$11,028,184$46,209,357
82$55,429,276$16,476,410$11,354,782$50,680,114
83$61,038,866$17,239,558$11,690,972$55,597,135
84$67,219,243$18,038,709$12,037,031$61,005,527
85$74,028,581$18,875,581$12,393,248$66,954,980
86$81,530,991$19,751,980$12,759,916$73,500,232
87$89,797,120$20,669,794$13,137,341$80,701,586
88$98,904,817$21,631,004$13,525,832$88,625,474
89$108,939,873$22,637,689$13,925,713$97,345,084
90$119,996,828$23,692,024$14,337,313$106,941,045
91$132,179,863$24,796,291$14,760,971$117,502,186
92$145,603,784$25,952,884$15,197,038$129,126,374
93$160,395,104$27,164,309$15,645,873$141,921,429
94$176,693,240$28,433,196$16,107,845$156,006,146
95$194,651,827$29,762,300$16,583,335$171,511,404
96$214,440,171$31,154,510$17,072,734$188,581,406
97$236,244,843$32,612,855$17,576,445$207,375,029
98$260,271,442$34,140,510$18,094,881$228,067,325
99$286,746,537$35,740,803$18,628,467$250,851,167
100$315,919,805$37,417,224$19,177,642$275,939,066