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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$478,959$474,692$470,530$466,467$462,500$458,817
2 years$237,108$232,692$228,413$224,263$220,238$216,525
3 years$156,502$152,067$147,798$143,688$139,728$136,100
4 years$116,207$111,785$107,559$103,519$99,655$96,141
5 years$92,036$87,641$83,470$79,512$75,756$72,366
6 years$75,927$71,566$67,456$63,587$59,943$56,681
7 years$64,426$60,101$56,057$52,278$48,750$45,617
8 years$55,803$51,517$47,540$43,855$40,443$37,439
9 years$49,101$44,855$40,947$37,355$34,059$31,184
10 years$43,742$39,538$35,698$32,200$29,020$26,272
11 years$39,360$35,198$31,428$28,024$24,958$22,335
12 years$35,711$31,592$27,892$24,580$21,628$19,128
13 years$32,626$28,550$24,919$21,701$18,860$16,480
14 years$29,984$25,951$22,390$19,264$16,533$14,269
15 years$27,696$23,707$20,215$17,180$14,557$12,407
16 years$25,696$21,750$18,328$15,383$12,865$10,826
17 years$23,933$20,031$16,678$13,821$11,407$9,475
18 years$22,368$18,510$15,225$12,456$10,143$8,314
19 years$20,970$17,155$13,938$11,255$9,040$7,311
20 years$19,712$15,941$12,791$10,193$8,075$6,442
21 years$18,576$14,848$11,765$9,251$7,226$5,686
22 years$17,545$13,860$10,844$8,411$6,477$5,025
23 years$16,605$12,963$10,012$7,660$5,814$4,447
24 years$15,744$12,146$9,260$6,987$5,226$3,940
25 years$14,953$11,398$8,576$6,381$4,703$3,494
26 years$14,225$10,713$7,954$5,834$4,236$3,102
27 years$13,551$10,082$7,386$5,340$3,819$2,755
28 years$12,927$9,500$6,866$4,893$3,446$2,449
29 years$12,347$8,962$6,390$4,487$3,112$2,178
30 years$11,806$8,464$5,952$4,118$2,812$1,938
31 years$11,302$8,001$5,549$3,782$2,542$1,726
32 years$10,830$7,571$5,177$3,476$2,299$1,537
33 years$10,387$7,170$4,834$3,196$2,081$1,369
34 years$9,971$6,795$4,516$2,941$1,884$1,221
35 years$9,580$6,445$4,222$2,707$1,706$1,088
36 years$9,212$6,117$3,950$2,493$1,546$970
37 years$8,864$5,810$3,697$2,297$1,401$866
38 years$8,535$5,522$3,462$2,117$1,270$772
39 years$8,224$5,250$3,244$1,952$1,152$689
40 years$7,930$4,995$3,040$1,801$1,045$615
41 years$7,650$4,755$2,851$1,661$948$549
42 years$7,384$4,529$2,674$1,533$860$490
43 years$7,132$4,315$2,509$1,415$781$437
44 years$6,891$4,113$2,355$1,307$709$391
45 years$6,662$3,922$2,212$1,207$643$349
46 years$6,444$3,742$2,077$1,115$584$312
47 years$6,235$3,571$1,952$1,030$530$278
48 years$6,036$3,409$1,834$952$482$248
49 years$5,845$3,255$1,724$880$437$222
50 years$5,663$3,109$1,621$813$397$198

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 $2,940 every year, while hoping to spend $40,307 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: 78/16/6 Blend
58$5,800,000$5,800,000$5,800,000$5,800,000
59$6,394,633$6,087,233$5,997,333$6,889,875
60$7,003,999$6,342,621$6,155,357$7,470,431
61$7,674,169$6,609,172$6,317,324$8,101,385
62$8,411,304$6,887,391$6,483,324$8,792,111
63$9,222,189$7,177,805$6,653,447$9,548,536
64$10,114,301$7,480,966$6,827,787$10,377,186
65$11,095,880$7,797,453$7,006,437$11,285,246
66$12,176,002$8,127,871$7,189,496$12,280,626
67$13,364,670$8,472,852$7,377,059$13,372,035
68$14,672,903$8,833,058$7,569,227$14,569,063
69$16,112,844$9,209,184$7,766,101$15,882,271
70$17,697,874$9,601,953$7,967,785$17,323,287
71$19,442,734$10,012,126$8,174,383$18,904,919
72$21,363,670$10,440,497$8,386,002$20,641,269
73$23,478,582$10,887,899$8,602,751$22,547,870
74$25,807,192$11,355,201$8,824,738$24,641,829
75$28,371,236$11,843,316$9,052,077$26,941,987
76$31,194,661$12,353,198$9,284,880$29,469,097
77$34,303,856$12,885,844$9,523,264$32,246,017
78$37,727,901$13,442,302$9,767,344$35,297,924
79$41,498,837$14,023,665$10,017,240$38,652,553
80$45,651,973$14,631,079$10,273,073$42,340,453
81$50,226,217$15,265,745$10,534,964$46,395,278
82$55,264,443$15,928,919$10,803,037$50,854,097
83$60,813,896$16,621,915$11,077,418$55,757,750
84$66,926,635$17,346,111$11,358,234$61,151,226
85$73,660,031$18,102,949$11,645,613$67,084,085
86$81,077,299$18,893,939$11,939,687$73,610,930
87$89,248,103$19,720,661$12,240,586$80,791,913
88$98,249,208$20,584,772$12,548,444$88,693,304
89$108,165,206$21,488,005$12,863,396$97,388,116
90$119,089,316$22,432,175$13,185,578$106,956,789
91$131,124,259$23,419,185$13,515,128$117,487,946
92$144,383,233$24,451,025$13,852,184$129,079,230
93$158,990,978$25,529,780$14,196,887$141,838,223
94$175,084,953$26,657,635$14,549,379$155,883,454
95$192,816,637$27,836,877$14,909,801$171,345,520
96$212,352,952$29,069,903$15,278,298$188,368,314
97$233,877,845$30,359,220$15,655,013$207,110,379
98$257,594,022$31,707,458$16,040,092$227,746,403
99$283,724,858$33,117,370$16,433,681$250,468,864
100$312,516,512$34,591,839$16,835,928$275,489,841