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

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$487,216$482,877$478,642$474,510$470,474$463,252
2 years$241,196$236,704$232,351$228,130$224,035$216,777
3 years$159,200$154,689$150,346$146,165$142,137$135,068
4 years$118,210$113,713$109,414$105,304$101,373$94,548
5 years$93,623$89,152$84,909$80,883$77,063$70,501
6 years$77,236$72,799$68,619$64,683$60,977$54,686
7 years$65,536$61,137$57,023$53,179$49,591$43,573
8 years$56,765$52,406$48,360$44,611$41,140$35,395
9 years$49,947$45,628$41,653$37,999$34,646$29,170
10 years$44,496$40,219$36,314$32,755$29,520$24,309
11 years$40,038$35,805$31,970$28,507$25,388$20,437
12 years$36,327$32,136$28,373$25,004$22,001$17,303
13 years$33,188$29,042$25,349$22,075$19,185$14,734
14 years$30,501$26,398$22,776$19,596$16,818$12,606
15 years$28,174$24,115$20,564$17,476$14,808$10,828
16 years$26,139$22,125$18,644$15,648$13,087$9,331
17 years$24,346$20,377$16,965$14,059$11,604$8,064
18 years$22,754$18,829$15,487$12,670$10,318$6,986
19 years$21,331$17,450$14,178$11,449$9,196$6,063
20 years$20,052$16,216$13,012$10,369$8,214$5,272
21 years$18,897$15,104$11,968$9,411$7,351$4,591
22 years$17,847$14,099$11,031$8,556$6,589$4,003
23 years$16,891$13,187$10,185$7,792$5,915$3,494
24 years$16,015$12,355$9,419$7,107$5,316$3,053
25 years$15,211$11,595$8,724$6,491$4,784$2,669
26 years$14,470$10,897$8,091$5,935$4,309$2,336
27 years$13,785$10,256$7,513$5,432$3,885$2,045
28 years$13,150$9,664$6,985$4,977$3,506$1,792
29 years$12,560$9,117$6,500$4,564$3,165$1,571
30 years$12,010$8,610$6,054$4,189$2,860$1,377
31 years$11,497$8,139$5,644$3,847$2,586$1,208
32 years$11,016$7,701$5,266$3,535$2,339$1,060
33 years$10,566$7,293$4,917$3,251$2,117$931
34 years$10,143$6,912$4,594$2,991$1,917$817
35 years$9,745$6,556$4,295$2,754$1,736$717
36 years$9,371$6,223$4,018$2,536$1,573$630
37 years$9,017$5,910$3,761$2,337$1,426$554
38 years$8,682$5,617$3,522$2,154$1,292$486
39 years$8,366$5,341$3,300$1,986$1,172$427
40 years$8,066$5,082$3,093$1,832$1,063$376
41 years$7,782$4,837$2,900$1,690$964$330
42 years$7,512$4,607$2,720$1,560$875$290
43 years$7,255$4,389$2,553$1,440$794$255
44 years$7,010$4,184$2,396$1,329$721$224
45 years$6,777$3,990$2,250$1,228$654$197
46 years$6,555$3,806$2,113$1,134$594$173
47 years$6,343$3,632$1,985$1,048$540$152
48 years$6,140$3,467$1,866$968$490$134
49 years$5,946$3,311$1,754$895$445$118
50 years$5,760$3,163$1,649$827$404$104

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 $2,578 every year, while hoping to spend $55,204 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: 59/32/9 Blend
58$5,900,000$5,900,000$5,900,000$5,900,000
59$6,504,459$6,191,759$6,100,309$6,874,730
60$7,109,177$6,436,419$6,245,933$7,368,420
61$7,773,727$6,691,216$6,394,585$7,900,000
62$8,504,151$6,956,591$6,546,308$8,478,252
63$9,307,111$7,233,000$6,701,146$9,107,662
64$10,189,942$7,520,922$6,859,139$9,793,167
65$11,160,727$7,820,858$7,020,331$10,540,193
66$12,228,371$8,133,331$7,184,763$11,354,710
67$13,402,687$8,458,886$7,352,474$12,243,284
68$14,694,484$8,798,094$7,523,505$13,213,140
69$16,115,673$9,151,552$7,697,894$14,272,225
70$17,679,377$9,519,884$7,875,679$15,429,286
71$19,400,056$9,903,741$8,056,897$16,693,945
72$21,293,643$10,303,805$8,241,584$18,076,794
73$23,377,690$10,720,787$8,429,773$19,589,489
74$25,671,541$11,155,433$8,621,497$21,244,859
75$28,196,509$11,608,520$8,816,788$23,057,025
76$30,976,078$12,080,862$9,015,675$25,041,532
77$34,036,123$12,573,309$9,218,186$27,215,494
78$37,405,159$13,086,752$9,424,346$29,597,749
79$41,114,602$13,622,121$9,634,179$32,209,040
80$45,199,074$14,180,387$9,847,706$35,072,205
81$49,696,721$14,762,568$10,064,946$38,212,390
82$54,649,580$15,369,726$10,285,914$41,657,284
83$60,103,970$16,002,976$10,510,625$45,437,378
84$66,110,931$16,663,478$10,739,088$49,586,250
85$72,726,708$17,352,450$10,971,309$54,140,877
86$80,013,277$18,071,165$11,207,292$59,141,984
87$88,038,931$18,820,953$11,447,037$64,634,419
88$96,878,928$19,603,205$11,690,539$70,667,582
89$106,616,196$20,419,379$11,937,789$77,295,877
90$117,342,117$21,270,997$12,188,773$84,579,231
91$129,157,390$22,159,653$12,443,475$92,583,651
92$142,172,982$23,087,015$12,701,869$101,381,841
93$156,511,173$24,054,825$12,963,929$111,053,890
94$172,306,710$25,064,910$13,229,618$121,688,017
95$189,708,082$26,119,177$13,498,897$133,381,403
96$208,878,915$27,219,625$13,771,719$146,241,103
97$229,999,522$28,368,345$14,048,030$160,385,048
98$253,268,602$29,567,523$14,327,768$175,943,158
99$278,905,116$30,819,448$14,610,864$193,058,559
100$307,150,353$32,126,516$14,897,243$211,888,931