Can I retire at age 59 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$487,216$482,877$478,642$474,510$470,474$459,474
2 years$241,196$236,704$232,351$228,130$224,035$213,015
3 years$159,200$154,689$150,346$146,165$142,137$131,442
4 years$118,210$113,713$109,414$105,304$101,373$91,085
5 years$93,623$89,152$84,909$80,883$77,063$67,209
6 years$77,236$72,799$68,619$64,683$60,977$51,570
7 years$65,536$61,137$57,023$53,179$49,591$40,630
8 years$56,765$52,406$48,360$44,611$41,140$32,624
9 years$49,947$45,628$41,653$37,999$34,646$26,566
10 years$44,496$40,219$36,314$32,755$29,520$21,869
11 years$40,038$35,805$31,970$28,507$25,388$18,154
12 years$36,327$32,136$28,373$25,004$22,001$15,173
13 years$33,188$29,042$25,349$22,075$19,185$12,750
14 years$30,501$26,398$22,776$19,596$16,818$10,762
15 years$28,174$24,115$20,564$17,476$14,808$9,117
16 years$26,139$22,125$18,644$15,648$13,087$7,747
17 years$24,346$20,377$16,965$14,059$11,604$6,600
18 years$22,754$18,829$15,487$12,670$10,318$5,634
19 years$21,331$17,450$14,178$11,449$9,196$4,818
20 years$20,052$16,216$13,012$10,369$8,214$4,127
21 years$18,897$15,104$11,968$9,411$7,351$3,540
22 years$17,847$14,099$11,031$8,556$6,589$3,039
23 years$16,891$13,187$10,185$7,792$5,915$2,612
24 years$16,015$12,355$9,419$7,107$5,316$2,246
25 years$15,211$11,595$8,724$6,491$4,784$1,933
26 years$14,470$10,897$8,091$5,935$4,309$1,665
27 years$13,785$10,256$7,513$5,432$3,885$1,435
28 years$13,150$9,664$6,985$4,977$3,506$1,237
29 years$12,560$9,117$6,500$4,564$3,165$1,066
30 years$12,010$8,610$6,054$4,189$2,860$920
31 years$11,497$8,139$5,644$3,847$2,586$794
32 years$11,016$7,701$5,266$3,535$2,339$685
33 years$10,566$7,293$4,917$3,251$2,117$591
34 years$10,143$6,912$4,594$2,991$1,917$510
35 years$9,745$6,556$4,295$2,754$1,736$441
36 years$9,371$6,223$4,018$2,536$1,573$381
37 years$9,017$5,910$3,761$2,337$1,426$329
38 years$8,682$5,617$3,522$2,154$1,292$284
39 years$8,366$5,341$3,300$1,986$1,172$245
40 years$8,066$5,082$3,093$1,832$1,063$212
41 years$7,782$4,837$2,900$1,690$964$183
42 years$7,512$4,607$2,720$1,560$875$158
43 years$7,255$4,389$2,553$1,440$794$137
44 years$7,010$4,184$2,396$1,329$721$118
45 years$6,777$3,990$2,250$1,228$654$102
46 years$6,555$3,806$2,113$1,134$594$88
47 years$6,343$3,632$1,985$1,048$540$76
48 years$6,140$3,467$1,866$968$490$66
49 years$5,946$3,311$1,754$895$445$57
50 years$5,760$3,163$1,649$827$404$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,900,000, adding $5,905 every year, while hoping to spend $54,047 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: 52/37/11 Blend
58$5,900,000$5,900,000$5,900,000$5,900,000
59$6,507,891$6,195,191$6,103,741$6,827,269
60$7,114,190$6,441,250$6,250,711$7,291,675
61$7,780,521$6,697,554$6,400,793$7,790,185
62$8,512,948$6,964,549$6,554,034$8,331,086
63$9,318,156$7,242,699$6,710,481$8,918,390
64$10,203,507$7,532,490$6,870,181$9,556,513
65$11,177,113$7,834,430$7,033,181$10,250,304
66$12,247,912$8,149,051$7,199,525$11,005,098
67$13,425,750$8,476,905$7,369,261$11,826,756
68$14,721,478$8,818,574$7,542,431$12,721,727
69$16,147,047$9,174,664$7,719,082$13,697,101
70$17,715,631$9,545,807$7,899,256$14,760,675
71$19,441,739$9,932,665$8,082,995$15,921,030
72$21,341,363$10,335,932$8,270,342$17,187,599
73$23,432,120$10,756,331$8,461,336$18,570,766
74$25,733,424$11,194,619$8,656,019$20,081,953
75$28,266,664$11,651,586$8,854,426$21,733,729
76$31,055,410$12,128,061$9,056,596$23,539,926
77$34,125,634$12,624,907$9,262,563$25,515,766
78$37,505,950$13,143,029$9,472,361$27,678,002
79$41,227,894$13,683,375$9,686,022$30,045,076
80$45,326,210$14,246,931$9,903,575$32,637,285
81$49,839,187$14,834,734$10,125,048$35,476,975
82$54,809,012$15,447,864$10,350,465$38,588,745
83$60,282,176$16,087,454$10,579,851$41,999,677
84$66,309,907$16,754,688$10,813,224$45,739,588
85$72,948,652$17,450,802$11,050,602$49,841,310
86$80,260,616$18,177,093$11,291,999$54,340,991
87$88,314,344$18,934,915$11,537,425$59,278,437
88$97,185,366$19,725,686$11,786,889$64,697,483
89$106,956,916$20,550,887$12,040,392$70,646,401
90$117,720,712$21,412,071$12,297,935$77,178,349
91$129,577,822$22,310,860$12,559,513$84,351,876
92$142,639,619$23,248,951$12,825,117$92,231,459
93$157,028,833$24,228,122$13,094,730$100,888,117
94$172,880,705$25,250,232$13,368,335$110,400,067
95$190,344,269$26,317,225$13,645,907$120,853,465
96$209,583,753$27,431,138$13,927,413$132,343,206
97$230,780,132$28,594,099$14,212,817$144,973,820
98$254,132,835$29,808,340$14,502,076$158,860,447
99$279,861,627$31,076,191$14,795,139$174,129,923
100$308,208,684$32,400,096$15,091,947$190,921,965