Can I retire at age 59 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$495,474$491,061$486,755$482,552$478,448$460,010
2 years$245,284$240,716$236,289$231,996$227,833$209,477
3 years$161,899$157,311$152,895$148,642$144,546$126,850
4 years$120,214$115,640$111,268$107,088$103,092$86,190
5 years$95,210$90,663$86,349$82,254$78,369$62,304
6 years$78,545$74,033$69,782$65,779$62,010$46,795
7 years$66,647$62,173$57,990$54,081$50,431$36,059
8 years$57,728$53,294$49,180$45,367$41,837$28,295
9 years$50,794$46,402$42,359$38,643$35,233$22,501
10 years$45,250$40,901$36,929$33,310$30,020$18,074
11 years$40,717$36,412$32,512$28,990$25,819$14,632
12 years$36,942$32,681$28,853$25,428$22,374$11,917
13 years$33,751$29,534$25,779$22,449$19,510$9,753
14 years$31,018$26,846$23,162$19,928$17,103$8,012
15 years$28,651$24,524$20,912$17,772$15,059$6,603
16 years$26,582$22,500$18,960$15,913$13,309$5,456
17 years$24,759$20,722$17,253$14,298$11,801$4,517
18 years$23,140$19,148$15,750$12,885$10,492$3,746
19 years$21,693$17,746$14,418$11,643$9,352$3,111
20 years$20,392$16,491$13,232$10,545$8,354$2,586
21 years$19,217$15,360$12,171$9,570$7,475$2,152
22 years$18,150$14,338$11,218$8,701$6,701$1,793
23 years$17,177$13,410$10,357$7,925$6,015$1,494
24 years$16,287$12,565$9,579$7,228$5,406$1,246
25 years$15,469$11,791$8,872$6,601$4,865$1,039
26 years$14,715$11,082$8,228$6,035$4,382$867
27 years$14,018$10,429$7,641$5,524$3,951$724
28 years$13,373$9,828$7,103$5,061$3,565$605
29 years$12,773$9,271$6,610$4,641$3,219$505
30 years$12,213$8,756$6,157$4,260$2,909$422
31 years$11,691$8,277$5,740$3,912$2,630$352
32 years$11,203$7,832$5,355$3,595$2,379$294
33 years$10,745$7,417$5,000$3,306$2,153$246
34 years$10,315$7,029$4,672$3,042$1,949$206
35 years$9,911$6,667$4,368$2,800$1,765$172
36 years$9,529$6,328$4,086$2,579$1,599$144
37 years$9,170$6,010$3,825$2,376$1,450$120
38 years$8,830$5,712$3,582$2,190$1,314$100
39 years$8,508$5,432$3,356$2,020$1,192$84
40 years$8,203$5,168$3,145$1,863$1,081$70
41 years$7,914$4,919$2,949$1,719$981$59
42 years$7,639$4,685$2,766$1,586$890$49
43 years$7,378$4,464$2,596$1,464$808$41
44 years$7,129$4,255$2,437$1,352$733$34
45 years$6,892$4,057$2,288$1,248$666$29
46 years$6,666$3,871$2,149$1,153$604$24
47 years$6,450$3,694$2,019$1,065$549$20
48 years$6,244$3,526$1,897$985$498$17
49 years$6,047$3,367$1,783$910$453$14
50 years$5,858$3,217$1,677$841$411$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,000,000, adding $3,293 every year, while hoping to spend $49,122 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: 46/37/17 Blend
58$6,000,000$6,000,000$6,000,000$6,000,000
59$6,615,397$6,297,397$6,204,397$6,887,527
60$7,237,902$6,553,704$6,359,979$7,333,840
61$7,922,256$6,820,923$6,519,126$7,812,547
62$8,674,716$7,099,539$6,681,907$8,330,843
63$9,502,175$7,390,054$6,848,389$8,892,430
64$10,412,229$7,692,998$7,018,641$9,501,376
65$11,413,244$8,008,923$7,192,733$10,162,150
66$12,514,439$8,338,405$7,370,735$10,879,660
67$13,725,974$8,682,049$7,552,717$11,659,303
68$15,059,040$9,040,486$7,738,749$12,507,011
69$16,525,969$9,414,376$7,928,904$13,429,302
70$18,140,347$9,804,410$8,123,252$14,433,347
71$19,917,148$10,211,312$8,321,866$15,527,028
72$21,872,866$10,635,835$8,524,818$16,719,012
73$24,025,679$11,078,772$8,732,180$18,018,835
74$26,395,615$11,540,948$8,944,024$19,436,982
75$29,004,743$12,023,230$9,160,424$20,984,989
76$31,877,380$12,526,521$9,381,452$22,675,548
77$35,040,322$13,051,770$9,607,180$24,522,622
78$38,523,095$13,599,967$9,837,681$26,541,576
79$42,358,234$14,172,149$10,073,026$28,749,318
80$46,581,589$14,769,399$10,313,287$31,164,454
81$51,232,664$15,392,853$10,558,536$33,807,464
82$56,354,992$16,043,699$10,808,843$36,700,888
83$61,996,540$16,723,179$11,064,278$39,869,537
84$68,210,166$17,432,593$11,324,910$43,340,723
85$75,054,116$18,173,304$11,590,808$47,144,512
86$82,592,574$18,946,734$11,862,038$51,314,006
87$90,896,268$19,754,375$12,138,667$55,885,647
88$100,043,134$20,597,787$12,420,760$60,899,561
89$110,119,058$21,478,602$12,708,379$66,399,930
90$121,218,679$22,398,530$13,001,587$72,435,404
91$133,446,287$23,359,361$13,300,443$79,059,552
92$146,916,804$24,362,966$13,605,004$86,331,371
93$161,756,873$25,411,306$13,915,326$94,315,827
94$178,106,048$26,506,434$14,231,463$103,084,470
95$196,118,112$27,650,496$14,553,465$112,716,099
96$215,962,532$28,845,744$14,881,379$123,297,502
97$237,826,055$30,094,529$15,215,249$134,924,265
98$261,914,471$31,399,319$15,555,118$147,701,673
99$288,454,555$32,762,694$15,901,023$161,745,691
100$317,696,208$34,187,355$16,252,996$177,184,055