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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$470,701$466,508$462,417$458,425$454,526$445,713
2 years$233,020$228,680$224,474$220,396$216,441$207,598
3 years$153,804$149,445$145,250$141,210$137,319$128,722
4 years$114,203$109,858$105,705$101,734$97,937$89,652
5 years$90,449$86,130$82,031$78,141$74,450$66,500
6 years$74,618$70,332$66,293$62,490$58,910$51,304
7 years$63,315$59,064$55,090$51,377$47,910$40,650
8 years$54,841$50,629$46,721$43,099$39,746$32,830
9 years$48,254$44,082$40,241$36,711$33,472$26,895
10 years$42,987$38,856$35,083$31,645$28,519$22,276
11 years$38,681$34,591$30,886$27,540$24,528$18,610
12 years$35,095$31,047$27,411$24,157$21,255$15,655
13 years$32,063$28,058$24,490$21,327$18,535$13,243
14 years$29,467$25,504$22,004$18,931$16,248$11,255
15 years$27,218$23,298$19,867$16,884$14,306$9,601
16 years$25,253$21,375$18,012$15,117$12,643$8,216
17 years$23,521$19,686$16,390$13,583$11,210$7,050
18 years$21,983$18,191$14,962$12,241$9,968$6,063
19 years$20,608$16,859$13,697$11,061$8,885$5,224
20 years$19,372$15,666$12,571$10,018$7,936$4,508
21 years$18,256$14,592$11,563$9,092$7,102$3,896
22 years$17,242$13,621$10,657$8,266$6,366$3,371
23 years$16,318$12,740$9,840$7,528$5,714$2,920
24 years$15,472$11,936$9,100$6,866$5,136$2,531
25 years$14,695$11,202$8,428$6,271$4,622$2,196
26 years$13,979$10,528$7,817$5,734$4,163$1,906
27 years$13,318$9,908$7,259$5,248$3,753$1,656
28 years$12,704$9,336$6,748$4,808$3,387$1,439
29 years$12,134$8,808$6,279$4,409$3,058$1,251
30 years$11,603$8,318$5,849$4,047$2,763$1,088
31 years$11,107$7,863$5,453$3,717$2,498$947
32 years$10,643$7,440$5,088$3,416$2,260$824
33 years$10,208$7,046$4,750$3,141$2,045$717
34 years$9,799$6,678$4,438$2,890$1,852$624
35 years$9,415$6,334$4,150$2,660$1,677$544
36 years$9,053$6,012$3,882$2,450$1,520$473
37 years$8,711$5,710$3,633$2,257$1,377$412
38 years$8,388$5,426$3,403$2,081$1,249$359
39 years$8,082$5,160$3,188$1,919$1,132$313
40 years$7,793$4,909$2,988$1,770$1,027$273
41 years$7,518$4,673$2,802$1,633$932$238
42 years$7,257$4,451$2,628$1,507$845$207
43 years$7,009$4,241$2,466$1,391$767$180
44 years$6,772$4,042$2,315$1,284$696$157
45 years$6,547$3,855$2,174$1,186$632$137
46 years$6,333$3,677$2,042$1,096$574$119
47 years$6,128$3,509$1,918$1,012$521$104
48 years$5,932$3,350$1,802$935$473$91
49 years$5,744$3,199$1,694$864$430$79
50 years$5,565$3,056$1,593$799$391$69

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 $2,946 every year, while hoping to spend $54,957 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: 72/16/12 Blend
58$5,700,000$5,700,000$5,700,000$5,700,000
59$6,284,439$5,982,339$5,893,989$6,721,114
60$6,866,978$6,217,000$6,032,964$7,245,192
61$7,507,094$6,461,317$6,174,752$7,811,834
62$8,210,602$6,715,706$6,319,391$8,430,822
63$8,983,907$6,980,600$6,466,915$9,107,316
64$9,834,069$7,256,452$6,617,359$9,846,998
65$10,768,862$7,543,736$6,770,759$10,656,120
66$11,796,853$7,842,946$6,927,146$11,541,567
67$12,927,480$8,154,599$7,086,554$12,510,919
68$14,171,142$8,479,234$7,249,013$13,572,521
69$15,539,298$8,817,415$7,414,554$14,735,562
70$17,044,571$9,169,733$7,583,206$16,010,163
71$18,700,869$9,536,802$7,754,995$17,407,465
72$20,523,520$9,919,267$7,929,949$18,939,740
73$22,529,408$10,317,800$8,108,092$20,620,503
74$24,737,140$10,733,105$8,289,446$22,464,638
75$27,167,218$11,165,916$8,474,031$24,488,536
76$29,842,230$11,617,003$8,661,868$26,710,254
77$32,787,068$12,087,167$8,852,971$29,149,678
78$36,029,159$12,577,248$9,047,356$31,828,711
79$39,598,725$13,088,124$9,245,033$34,771,483
80$43,529,066$13,620,713$9,446,013$38,004,571
81$47,856,876$14,175,974$9,650,300$41,557,252
82$52,622,591$14,754,910$9,857,898$45,461,777
83$57,870,764$15,358,569$10,068,806$49,753,673
84$63,650,491$15,988,049$10,283,021$54,472,080
85$70,015,874$16,644,496$10,500,535$59,660,114
86$77,026,526$17,329,109$10,721,336$65,365,276
87$84,748,140$18,043,143$10,945,409$71,639,898
88$93,253,102$18,787,909$11,172,732$78,541,633
89$102,621,181$19,564,780$11,403,281$86,133,999
90$112,940,277$20,375,189$11,637,026$94,486,976
91$124,307,250$21,220,638$11,873,932$103,677,667
92$136,828,837$22,102,697$12,113,955$113,791,018
93$150,622,656$23,023,007$12,357,051$124,920,623
94$165,818,319$23,983,286$12,603,165$137,169,604
95$182,558,653$24,985,333$12,852,236$150,651,579
96$201,001,047$26,031,025$13,104,197$165,491,734
97$221,318,940$27,122,331$13,358,973$181,828,005
98$243,703,454$28,261,309$13,616,482$199,812,371
99$268,365,204$29,450,110$13,876,632$219,612,293
100$295,536,279$30,690,989$14,139,322$241,412,285