Can I retire at age 59 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$470,701$466,508$462,417$458,425$454,526$440,506
2 years$233,020$228,680$224,474$220,396$216,441$202,438
3 years$153,804$149,445$145,250$141,210$137,319$123,773
4 years$114,203$109,858$105,705$101,734$97,937$84,952
5 years$90,449$86,130$82,031$78,141$74,450$62,061
6 years$74,618$70,332$66,293$62,490$58,910$47,127
7 years$63,315$59,064$55,090$51,377$47,910$36,732
8 years$54,841$50,629$46,721$43,099$39,746$29,167
9 years$48,254$44,082$40,241$36,711$33,472$23,480
10 years$42,987$38,856$35,083$31,645$28,519$19,100
11 years$38,681$34,591$30,886$27,540$24,528$15,664
12 years$35,095$31,047$27,411$24,157$21,255$12,929
13 years$32,063$28,058$24,490$21,327$18,535$10,726
14 years$29,467$25,504$22,004$18,931$16,248$8,936
15 years$27,218$23,298$19,867$16,884$14,306$7,470
16 years$25,253$21,375$18,012$15,117$12,643$6,261
17 years$23,521$19,686$16,390$13,583$11,210$5,261
18 years$21,983$18,191$14,962$12,241$9,968$4,429
19 years$20,608$16,859$13,697$11,061$8,885$3,734
20 years$19,372$15,666$12,571$10,018$7,936$3,152
21 years$18,256$14,592$11,563$9,092$7,102$2,664
22 years$17,242$13,621$10,657$8,266$6,366$2,254
23 years$16,318$12,740$9,840$7,528$5,714$1,908
24 years$15,472$11,936$9,100$6,866$5,136$1,617
25 years$14,695$11,202$8,428$6,271$4,622$1,371
26 years$13,979$10,528$7,817$5,734$4,163$1,162
27 years$13,318$9,908$7,259$5,248$3,753$986
28 years$12,704$9,336$6,748$4,808$3,387$837
29 years$12,134$8,808$6,279$4,409$3,058$711
30 years$11,603$8,318$5,849$4,047$2,763$603
31 years$11,107$7,863$5,453$3,717$2,498$513
32 years$10,643$7,440$5,088$3,416$2,260$435
33 years$10,208$7,046$4,750$3,141$2,045$370
34 years$9,799$6,678$4,438$2,890$1,852$314
35 years$9,415$6,334$4,150$2,660$1,677$267
36 years$9,053$6,012$3,882$2,450$1,520$227
37 years$8,711$5,710$3,633$2,257$1,377$193
38 years$8,388$5,426$3,403$2,081$1,249$164
39 years$8,082$5,160$3,188$1,919$1,132$139
40 years$7,793$4,909$2,988$1,770$1,027$119
41 years$7,518$4,673$2,802$1,633$932$101
42 years$7,257$4,451$2,628$1,507$845$86
43 years$7,009$4,241$2,466$1,391$767$73
44 years$6,772$4,042$2,315$1,284$696$62
45 years$6,547$3,855$2,174$1,186$632$53
46 years$6,333$3,677$2,042$1,096$574$45
47 years$6,128$3,509$1,918$1,012$521$38
48 years$5,932$3,350$1,802$935$473$32
49 years$5,744$3,199$1,694$864$430$28
50 years$5,565$3,056$1,593$799$391$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,700,000, adding $2,813 every year, while hoping to spend $29,843 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: 63/19/18 Blend
58$5,700,000$5,700,000$5,700,000$5,700,000
59$6,284,302$5,982,202$5,893,852$6,651,454
60$6,893,548$6,243,577$6,059,543$7,160,106
61$7,563,937$6,516,759$6,229,785$7,711,728
62$8,301,673$6,802,296$6,404,698$8,313,441
63$9,113,595$7,100,759$6,584,406$8,970,128
64$10,007,235$7,412,750$6,769,037$9,687,164
65$10,990,894$7,738,896$6,958,721$10,470,460
66$12,073,719$8,079,855$7,153,591$11,326,523
67$13,265,786$8,436,316$7,353,785$12,262,512
68$14,578,202$8,809,001$7,559,442$13,286,307
69$16,023,203$9,198,666$7,770,707$14,406,581
70$17,614,271$9,606,102$7,987,728$15,632,879
71$19,366,264$10,032,138$8,210,654$16,975,711
72$21,295,554$10,477,644$8,439,642$18,446,644
73$23,420,179$10,943,528$8,674,849$20,058,413
74$25,760,020$11,430,743$8,916,439$21,825,040
75$28,336,981$11,940,288$9,164,578$23,761,963
76$31,175,199$12,473,208$9,419,438$25,886,178
77$34,301,272$13,030,598$9,681,192$28,216,404
78$37,744,510$13,613,606$9,950,020$30,773,251
79$41,537,211$14,223,433$10,226,106$33,579,415
80$45,714,964$14,861,339$10,509,638$36,659,892
81$50,316,988$15,528,642$10,800,809$40,042,208
82$55,386,500$16,226,725$11,099,815$43,756,679
83$60,971,123$16,957,034$11,406,859$47,836,694
84$67,123,336$17,721,088$11,722,148$52,319,029
85$73,900,970$18,520,475$12,045,893$57,244,189
86$81,367,751$19,356,860$12,378,313$62,656,789
87$89,593,903$20,231,988$12,719,628$68,605,972
88$98,656,812$21,147,686$13,070,066$75,145,871
89$108,641,754$22,105,870$13,429,860$82,336,115
90$119,642,701$23,108,546$13,799,249$90,242,389
91$131,763,209$24,157,817$14,178,476$98,937,053
92$145,117,393$25,255,886$14,567,792$108,499,817
93$159,831,005$26,405,063$14,967,451$119,018,495
94$176,042,622$27,607,766$15,377,715$130,589,826
95$193,904,953$28,866,530$15,798,852$143,320,385
96$213,586,280$30,184,012$16,231,135$157,327,584
97$235,272,048$31,562,995$16,674,845$172,740,777
98$259,166,613$33,006,398$17,130,269$189,702,476
99$285,495,174$34,517,278$17,597,699$208,369,690
100$314,505,895$36,098,837$18,077,435$228,915,406