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%18.7%
1 years$478,959$474,692$470,530$466,467$462,500$446,268
2 years$237,108$232,692$228,413$224,263$220,238$204,055
3 years$156,502$152,067$147,798$143,688$139,728$124,102
4 years$116,207$111,785$107,559$103,519$99,655$84,706
5 years$92,036$87,641$83,470$79,512$75,756$61,524
6 years$75,927$71,566$67,456$63,587$59,943$46,438
7 years$64,426$60,101$56,057$52,278$48,750$35,969
8 years$55,803$51,517$47,540$43,855$40,443$28,375
9 years$49,101$44,855$40,947$37,355$34,059$22,690
10 years$43,742$39,538$35,698$32,200$29,020$18,330
11 years$39,360$35,198$31,428$28,024$24,958$14,926
12 years$35,711$31,592$27,892$24,580$21,628$12,230
13 years$32,626$28,550$24,919$21,701$18,860$10,071
14 years$29,984$25,951$22,390$19,264$16,533$8,326
15 years$27,696$23,707$20,215$17,180$14,557$6,906
16 years$25,696$21,750$18,328$15,383$12,865$5,743
17 years$23,933$20,031$16,678$13,821$11,407$4,786
18 years$22,368$18,510$15,225$12,456$10,143$3,996
19 years$20,970$17,155$13,938$11,255$9,040$3,341
20 years$19,712$15,941$12,791$10,193$8,075$2,797
21 years$18,576$14,848$11,765$9,251$7,226$2,344
22 years$17,545$13,860$10,844$8,411$6,477$1,966
23 years$16,605$12,963$10,012$7,660$5,814$1,650
24 years$15,744$12,146$9,260$6,987$5,226$1,386
25 years$14,953$11,398$8,576$6,381$4,703$1,165
26 years$14,225$10,713$7,954$5,834$4,236$979
27 years$13,551$10,082$7,386$5,340$3,819$823
28 years$12,927$9,500$6,866$4,893$3,446$692
29 years$12,347$8,962$6,390$4,487$3,112$583
30 years$11,806$8,464$5,952$4,118$2,812$490
31 years$11,302$8,001$5,549$3,782$2,542$413
32 years$10,830$7,571$5,177$3,476$2,299$347
33 years$10,387$7,170$4,834$3,196$2,081$292
34 years$9,971$6,795$4,516$2,941$1,884$246
35 years$9,580$6,445$4,222$2,707$1,706$207
36 years$9,212$6,117$3,950$2,493$1,546$175
37 years$8,864$5,810$3,697$2,297$1,401$147
38 years$8,535$5,522$3,462$2,117$1,270$124
39 years$8,224$5,250$3,244$1,952$1,152$104
40 years$7,930$4,995$3,040$1,801$1,045$88
41 years$7,650$4,755$2,851$1,661$948$74
42 years$7,384$4,529$2,674$1,533$860$62
43 years$7,132$4,315$2,509$1,415$781$53
44 years$6,891$4,113$2,355$1,307$709$44
45 years$6,662$3,922$2,212$1,207$643$37
46 years$6,444$3,742$2,077$1,115$584$31
47 years$6,235$3,571$1,952$1,030$530$26
48 years$6,036$3,409$1,834$952$482$22
49 years$5,845$3,255$1,724$880$437$19
50 years$5,663$3,109$1,621$813$397$16

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 $6,015 every year, while hoping to spend $30,408 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: 23/50/27 Blend
58$5,800,000$5,800,000$5,800,000$5,800,000
59$6,397,804$6,090,404$6,000,504$6,490,062
60$7,018,027$6,356,480$6,169,167$6,836,083
61$7,700,492$6,634,575$6,342,462$7,203,336
62$8,451,518$6,925,245$6,520,510$7,595,891
63$9,278,065$7,229,073$6,703,438$8,015,852
64$10,187,800$7,546,671$6,891,376$8,465,521
65$11,189,175$7,878,677$7,084,456$8,947,410
66$12,291,499$8,225,761$7,282,815$9,464,269
67$13,505,034$8,588,624$7,486,590$10,019,106
68$14,841,082$8,968,002$7,695,926$10,615,211
69$16,312,102$9,364,663$7,910,969$11,256,186
70$17,931,818$9,779,413$8,131,868$11,945,973
71$19,715,355$10,213,097$8,358,778$12,688,892
72$21,679,380$10,666,597$8,591,855$13,489,676
73$23,842,257$11,140,840$8,831,262$14,353,509
74$26,224,221$11,636,796$9,077,164$15,286,075
75$28,847,573$12,155,480$9,329,730$16,293,607
76$31,736,884$12,697,957$9,589,135$17,382,939
77$34,919,231$13,265,341$9,855,555$18,561,568
78$38,424,450$13,858,801$10,129,174$19,837,721
79$42,285,421$14,479,559$10,410,178$21,220,424
80$46,538,373$15,128,897$10,698,759$22,719,587
81$51,223,232$15,808,157$10,995,112$24,346,087
82$56,383,991$16,518,747$11,299,438$26,111,870
83$62,069,132$17,262,139$11,611,942$28,030,052
84$68,332,077$18,039,877$11,932,836$30,115,044
85$75,231,697$18,853,580$12,262,334$32,382,676
86$82,832,865$19,704,940$12,600,658$34,850,341
87$91,207,070$20,595,735$12,948,032$37,537,152
88$100,433,090$21,527,824$13,304,690$40,464,117
89$110,597,734$22,503,157$13,670,866$43,654,328
90$121,796,667$23,523,776$14,046,804$47,133,171
91$134,135,308$24,591,821$14,432,753$50,928,556
92$147,729,824$25,709,535$14,828,964$55,071,176
93$162,708,231$26,879,267$15,235,700$59,594,782
94$179,211,599$28,103,480$15,653,225$64,536,495
95$197,395,386$29,384,754$16,081,811$69,937,148
96$217,430,901$30,725,793$16,521,738$75,841,656
97$239,506,926$32,129,430$16,973,289$82,299,434
98$263,831,496$33,598,635$17,436,757$89,364,848
99$290,633,859$35,136,519$17,912,439$97,097,721
100$320,166,647$36,746,343$18,400,641$105,563,879