Can I retire at age 59 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$478,959$474,692$470,530$466,467$462,500$444,501
2 years$237,108$232,692$228,413$224,263$220,238$202,322
3 years$156,502$152,067$147,798$143,688$139,728$122,458
4 years$116,207$111,785$107,559$103,519$99,655$83,164
5 years$92,036$87,641$83,470$79,512$75,756$60,085
6 years$75,927$71,566$67,456$63,587$59,943$45,103
7 years$64,426$60,101$56,057$52,278$48,750$34,736
8 years$55,803$51,517$47,540$43,855$40,443$27,241
9 years$49,101$44,855$40,947$37,355$34,059$21,649
10 years$43,742$39,538$35,698$32,200$29,020$17,379
11 years$39,360$35,198$31,428$28,024$24,958$14,060
12 years$35,711$31,592$27,892$24,580$21,628$11,443
13 years$32,626$28,550$24,919$21,701$18,860$9,359
14 years$29,984$25,951$22,390$19,264$16,533$7,683
15 years$27,696$23,707$20,215$17,180$14,557$6,327
16 years$25,696$21,750$18,328$15,383$12,865$5,224
17 years$23,933$20,031$16,678$13,821$11,407$4,322
18 years$22,368$18,510$15,225$12,456$10,143$3,581
19 years$20,970$17,155$13,938$11,255$9,040$2,972
20 years$19,712$15,941$12,791$10,193$8,075$2,469
21 years$18,576$14,848$11,765$9,251$7,226$2,053
22 years$17,545$13,860$10,844$8,411$6,477$1,709
23 years$16,605$12,963$10,012$7,660$5,814$1,423
24 years$15,744$12,146$9,260$6,987$5,226$1,186
25 years$14,953$11,398$8,576$6,381$4,703$988
26 years$14,225$10,713$7,954$5,834$4,236$824
27 years$13,551$10,082$7,386$5,340$3,819$687
28 years$12,927$9,500$6,866$4,893$3,446$574
29 years$12,347$8,962$6,390$4,487$3,112$479
30 years$11,806$8,464$5,952$4,118$2,812$399
31 years$11,302$8,001$5,549$3,782$2,542$333
32 years$10,830$7,571$5,177$3,476$2,299$278
33 years$10,387$7,170$4,834$3,196$2,081$232
34 years$9,971$6,795$4,516$2,941$1,884$194
35 years$9,580$6,445$4,222$2,707$1,706$162
36 years$9,212$6,117$3,950$2,493$1,546$135
37 years$8,864$5,810$3,697$2,297$1,401$113
38 years$8,535$5,522$3,462$2,117$1,270$94
39 years$8,224$5,250$3,244$1,952$1,152$79
40 years$7,930$4,995$3,040$1,801$1,045$66
41 years$7,650$4,755$2,851$1,661$948$55
42 years$7,384$4,529$2,674$1,533$860$46
43 years$7,132$4,315$2,509$1,415$781$38
44 years$6,891$4,113$2,355$1,307$709$32
45 years$6,662$3,922$2,212$1,207$643$27
46 years$6,444$3,742$2,077$1,115$584$22
47 years$6,235$3,571$1,952$1,030$530$19
48 years$6,036$3,409$1,834$952$482$16
49 years$5,845$3,255$1,724$880$437$13
50 years$5,663$3,109$1,621$813$397$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,800,000, adding $4,006 every year, while hoping to spend $22,064 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: 41/31/28 Blend
58$5,800,000$5,800,000$5,800,000$5,800,000
59$6,395,732$6,088,332$5,998,432$6,605,136
60$7,024,621$6,363,185$6,175,904$7,031,850
61$7,716,917$6,650,765$6,358,581$7,491,074
62$8,479,064$6,951,674$6,546,615$7,987,744
63$9,318,164$7,266,541$6,740,162$8,525,318
64$10,242,040$7,596,025$6,939,381$9,107,592
65$11,259,314$7,940,817$7,144,436$9,738,734
66$12,379,487$8,301,640$7,355,498$10,423,321
67$13,613,026$8,679,252$7,572,739$11,166,379
68$14,971,468$9,074,448$7,796,339$11,973,431
69$16,467,523$9,488,062$8,026,481$12,850,543
70$18,115,199$9,920,965$8,263,356$13,804,383
71$19,929,928$10,374,071$8,507,158$14,842,278
72$21,928,720$10,848,340$8,758,087$15,972,283
73$24,130,316$11,344,775$9,016,350$17,203,251
74$26,555,368$11,864,429$9,282,157$18,544,917
75$29,226,634$12,408,404$9,555,727$20,007,985
76$32,169,191$12,977,856$9,837,285$21,604,227
77$35,410,675$13,573,997$10,127,060$23,346,588
78$38,981,537$14,198,096$10,425,289$25,249,311
79$42,915,334$14,851,484$10,732,217$27,328,059
80$47,249,046$15,535,554$11,048,094$29,600,066
81$52,023,421$16,251,769$11,373,178$32,084,294
82$57,283,364$17,001,660$11,707,734$34,801,607
83$63,078,359$17,786,832$12,052,034$37,774,962
84$69,462,933$18,608,969$12,406,359$41,029,626
85$76,497,178$19,469,834$12,770,998$44,593,406
86$84,247,310$20,371,276$13,146,246$48,496,906
87$92,786,299$21,315,232$13,532,409$52,773,815
88$102,194,556$22,303,733$13,929,799$57,461,215
89$112,560,694$23,338,909$14,338,740$62,599,928
90$123,982,360$24,422,990$14,759,563$68,234,896
91$136,567,160$25,558,317$15,192,609$74,415,597
92$150,433,676$26,747,340$15,638,227$81,196,506
93$165,712,582$27,992,631$16,096,778$88,637,605
94$182,547,878$29,296,882$16,568,633$96,804,940
95$201,098,252$30,662,920$17,054,173$105,771,238
96$221,538,575$32,093,704$17,553,788$115,616,586
97$244,061,551$33,592,337$18,067,882$126,429,176
98$268,879,542$35,162,074$18,596,869$138,306,136
99$296,226,565$36,806,325$19,141,173$151,354,432
100$326,360,505$38,528,666$19,701,233$165,691,872