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%15.1%
1 years$462,443$458,324$454,305$450,382$446,552$437,178
2 years$228,932$224,668$220,536$216,530$212,644$203,244
3 years$151,105$146,823$142,702$138,733$134,910$125,778
4 years$112,200$107,931$103,850$99,949$96,219$87,424
5 years$88,862$84,619$80,592$76,771$73,144$64,712
6 years$73,309$69,098$65,130$61,394$57,876$49,816
7 years$62,204$58,028$54,124$50,475$47,069$39,382
8 years$53,879$49,741$45,901$42,343$39,048$31,732
9 years$47,408$43,308$39,535$36,066$32,884$25,934
10 years$42,233$38,174$34,467$31,090$28,019$21,427
11 years$38,003$33,984$30,344$27,057$24,097$17,856
12 years$34,480$30,502$26,930$23,733$20,882$14,982
13 years$31,501$27,565$24,060$20,953$18,210$12,640
14 years$28,950$25,056$21,618$18,599$15,963$10,712
15 years$26,741$22,889$19,518$16,587$14,055$9,113
16 years$24,810$21,000$17,696$14,852$12,422$7,777
17 years$23,108$19,341$16,103$13,345$11,014$6,654
18 years$21,597$17,872$14,700$12,026$9,793$5,705
19 years$20,247$16,563$13,457$10,867$8,729$4,901
20 years$19,033$15,391$12,350$9,842$7,797$4,217
21 years$17,936$14,336$11,360$8,932$6,977$3,633
22 years$16,940$13,383$10,470$8,121$6,254$3,134
23 years$16,032$12,516$9,667$7,396$5,614$2,706
24 years$15,201$11,727$8,940$6,746$5,046$2,339
25 years$14,438$11,005$8,280$6,161$4,541$2,022
26 years$13,734$10,343$7,680$5,633$4,090$1,750
27 years$13,084$9,734$7,131$5,156$3,687$1,515
28 years$12,481$9,172$6,629$4,724$3,327$1,312
29 years$11,921$8,653$6,169$4,332$3,004$1,137
30 years$11,399$8,172$5,746$3,976$2,715$986
31 years$10,912$7,725$5,357$3,651$2,454$855
32 years$10,456$7,310$4,998$3,356$2,220$741
33 years$10,029$6,922$4,667$3,086$2,009$643
34 years$9,627$6,561$4,361$2,839$1,819$558
35 years$9,250$6,223$4,077$2,614$1,648$484
36 years$8,894$5,906$3,814$2,407$1,493$420
37 years$8,558$5,610$3,570$2,218$1,353$365
38 years$8,241$5,331$3,343$2,044$1,227$317
39 years$7,941$5,069$3,132$1,885$1,112$275
40 years$7,656$4,823$2,936$1,739$1,009$239
41 years$7,386$4,591$2,753$1,604$915$207
42 years$7,130$4,372$2,582$1,480$831$180
43 years$6,886$4,166$2,423$1,367$754$156
44 years$6,654$3,971$2,274$1,262$684$136
45 years$6,432$3,787$2,135$1,165$621$118
46 years$6,221$3,613$2,006$1,076$564$103
47 years$6,020$3,447$1,884$994$512$89
48 years$5,828$3,291$1,771$919$465$77
49 years$5,644$3,143$1,664$849$422$67
50 years$5,468$3,002$1,565$785$384$58

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 $4,374 every year, while hoping to spend $52,857 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: 59/27/14 Blend
58$5,600,000$5,600,000$5,600,000$5,600,000
59$6,175,712$5,878,912$5,792,112$6,518,117
60$6,749,395$6,110,739$5,929,908$6,981,457
61$7,379,822$6,352,154$6,070,549$7,480,212
62$8,072,726$6,603,571$6,214,074$8,022,842
63$8,834,421$6,865,423$6,360,522$8,613,582
64$9,671,864$7,138,161$6,509,932$9,257,089
65$10,592,721$7,422,258$6,662,342$9,958,485
66$11,605,437$7,718,207$6,817,789$10,723,407
67$12,719,316$8,026,524$6,976,309$11,558,057
68$13,944,609$8,347,747$7,137,939$12,469,256
69$15,292,612$8,682,439$7,302,713$13,464,514
70$16,775,770$9,031,190$7,470,664$14,552,094
71$18,407,794$9,394,613$7,641,827$15,741,090
72$20,203,792$9,773,353$7,816,232$17,041,511
73$22,180,412$10,168,080$7,993,908$18,464,378
74$24,355,996$10,579,498$8,174,886$20,021,817
75$26,750,755$11,008,341$8,359,192$21,727,184
76$29,386,958$11,455,376$8,546,851$23,595,177
77$32,289,144$11,921,405$8,737,887$25,641,982
78$35,484,352$12,407,269$8,932,322$27,885,420
79$39,002,375$12,913,845$9,130,173$30,345,115
80$42,876,042$13,442,048$9,331,460$33,042,673
81$47,141,530$13,992,840$9,536,195$36,001,889
82$51,838,700$14,567,223$9,744,391$39,248,966
83$57,011,476$15,166,246$9,956,057$42,812,763
84$62,708,260$15,791,005$10,171,198$46,725,059
85$68,982,386$16,442,649$10,389,818$51,020,859
86$75,892,627$17,122,376$10,611,914$55,738,714
87$83,503,745$17,831,442$10,837,483$60,921,087
88$91,887,104$18,571,160$11,066,516$66,614,748
89$101,121,344$19,342,902$11,298,999$72,871,215
90$111,293,121$20,148,105$11,534,916$79,747,233
91$122,497,928$20,988,270$11,774,244$87,305,314
92$134,840,992$21,864,971$12,016,957$95,614,315
93$148,438,270$22,779,850$12,263,021$104,750,091
94$163,417,539$23,734,629$12,512,398$114,796,201
95$179,919,609$24,731,107$12,765,044$125,844,702
96$198,099,645$25,771,166$13,020,909$137,997,005
97$218,128,633$26,856,779$13,279,934$151,364,831
98$240,194,998$27,990,005$13,542,056$166,071,266
99$264,506,375$29,173,002$13,807,202$182,251,911
100$291,291,574$30,408,028$14,075,292$200,056,162