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%
1 years$462,443$458,324$454,305$450,382$446,552$435,580
2 years$228,932$224,668$220,536$216,530$212,644$201,657
3 years$151,105$146,823$142,702$138,733$134,910$124,253
4 years$112,200$107,931$103,850$99,949$96,219$85,973
5 years$88,862$84,619$80,592$76,771$73,144$63,337
6 years$73,309$69,098$65,130$61,394$57,876$48,519
7 years$62,204$58,028$54,124$50,475$47,069$38,162
8 years$53,879$49,741$45,901$42,343$39,048$30,588
9 years$47,408$43,308$39,535$36,066$32,884$24,864
10 years$42,233$38,174$34,467$31,090$28,019$20,429
11 years$38,003$33,984$30,344$27,057$24,097$16,927
12 years$34,480$30,502$26,930$23,733$20,882$14,119
13 years$31,501$27,565$24,060$20,953$18,210$11,841
14 years$28,950$25,056$21,618$18,599$15,963$9,974
15 years$26,741$22,889$19,518$16,587$14,055$8,432
16 years$24,810$21,000$17,696$14,852$12,422$7,149
17 years$23,108$19,341$16,103$13,345$11,014$6,077
18 years$21,597$17,872$14,700$12,026$9,793$5,177
19 years$20,247$16,563$13,457$10,867$8,729$4,418
20 years$19,033$15,391$12,350$9,842$7,797$3,775
21 years$17,936$14,336$11,360$8,932$6,977$3,230
22 years$16,940$13,383$10,470$8,121$6,254$2,767
23 years$16,032$12,516$9,667$7,396$5,614$2,372
24 years$15,201$11,727$8,940$6,746$5,046$2,036
25 years$14,438$11,005$8,280$6,161$4,541$1,748
26 years$13,734$10,343$7,680$5,633$4,090$1,502
27 years$13,084$9,734$7,131$5,156$3,687$1,291
28 years$12,481$9,172$6,629$4,724$3,327$1,110
29 years$11,921$8,653$6,169$4,332$3,004$955
30 years$11,399$8,172$5,746$3,976$2,715$821
31 years$10,912$7,725$5,357$3,651$2,454$707
32 years$10,456$7,310$4,998$3,356$2,220$609
33 years$10,029$6,922$4,667$3,086$2,009$524
34 years$9,627$6,561$4,361$2,839$1,819$451
35 years$9,250$6,223$4,077$2,614$1,648$389
36 years$8,894$5,906$3,814$2,407$1,493$335
37 years$8,558$5,610$3,570$2,218$1,353$288
38 years$8,241$5,331$3,343$2,044$1,227$249
39 years$7,941$5,069$3,132$1,885$1,112$214
40 years$7,656$4,823$2,936$1,739$1,009$185
41 years$7,386$4,591$2,753$1,604$915$159
42 years$7,130$4,372$2,582$1,480$831$137
43 years$6,886$4,166$2,423$1,367$754$118
44 years$6,654$3,971$2,274$1,262$684$102
45 years$6,432$3,787$2,135$1,165$621$88
46 years$6,221$3,613$2,006$1,076$564$76
47 years$6,020$3,447$1,884$994$512$65
48 years$5,828$3,291$1,771$919$465$56
49 years$5,644$3,143$1,664$849$422$48
50 years$5,468$3,002$1,565$785$384$42

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 $6,773 every year, while hoping to spend $42,665 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: 67/23/10 Blend
58$5,600,000$5,600,000$5,600,000$5,600,000
59$6,178,186$5,881,386$5,794,586$6,578,895
60$6,762,966$6,124,179$5,943,310$7,088,956
61$7,405,963$6,377,439$6,095,585$7,640,667
62$8,113,072$6,641,633$6,251,487$8,242,730
63$8,890,783$6,917,251$6,411,091$8,900,066
64$9,746,252$7,204,806$6,574,471$9,618,086
65$10,687,360$7,504,831$6,741,706$10,402,749
66$11,722,791$7,817,888$6,912,874$11,260,609
67$12,862,114$8,144,563$7,088,053$12,198,881
68$14,115,871$8,485,468$7,267,324$13,225,505
69$15,495,678$8,841,244$7,450,768$14,349,221
70$17,014,336$9,212,564$7,638,467$15,579,651
71$18,685,946$9,600,128$7,830,504$16,927,384
72$20,526,050$10,004,671$8,026,963$18,404,081
73$22,551,769$10,426,962$8,227,929$20,022,579
74$24,781,972$10,867,806$8,433,487$21,797,011
75$27,237,448$11,328,043$8,643,723$23,742,940
76$29,941,106$11,808,555$8,858,726$25,877,501
77$32,918,188$12,310,264$9,078,582$28,219,564
78$36,196,510$12,834,133$9,303,382$30,789,908
79$39,806,721$13,381,173$9,533,212$33,611,417
80$43,782,597$13,952,440$9,768,165$36,709,290
81$48,161,352$14,549,041$10,008,329$40,111,284
82$52,983,998$15,172,132$10,253,796$43,847,966
83$58,295,725$15,822,926$10,504,658$47,953,005
84$64,146,330$16,502,690$10,761,005$52,463,483
85$70,590,687$17,212,753$11,022,929$57,420,246
86$77,689,263$17,954,504$11,290,523$62,868,284
87$85,508,691$18,729,397$11,563,879$68,857,156
88$94,122,397$19,538,957$11,843,089$75,441,453
89$103,611,293$20,384,778$12,128,244$82,681,309
90$114,064,542$21,268,529$12,419,437$90,642,970
91$125,580,397$22,191,958$12,716,759$99,399,411
92$138,267,128$23,156,895$13,020,302$109,031,024
93$152,244,049$24,165,257$13,330,155$119,626,374
94$167,642,636$25,219,048$13,646,410$131,283,030
95$184,607,774$26,320,371$13,969,154$144,108,483
96$203,299,122$27,471,425$14,298,476$158,221,154
97$223,892,621$28,674,513$14,634,463$173,751,514
98$246,582,152$29,932,047$14,977,201$190,843,303
99$271,581,368$31,246,554$15,326,774$209,654,889
100$299,125,711$32,620,679$15,683,264$230,360,755