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

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 $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%13%
1 years$495,474$491,061$486,755$482,552$478,448$472,470
2 years$245,284$240,716$236,289$231,996$227,833$221,817
3 years$161,899$157,311$152,895$148,642$144,546$138,680
4 years$120,214$115,640$111,268$107,088$103,092$97,421
5 years$95,210$90,663$86,349$82,254$78,369$72,909
6 years$78,545$74,033$69,782$65,779$62,010$56,769
7 years$66,647$62,173$57,990$54,081$50,431$45,409
8 years$57,728$53,294$49,180$45,367$41,837$37,035
9 years$50,794$46,402$42,359$38,643$35,233$30,649
10 years$45,250$40,901$36,929$33,310$30,020$25,650
11 years$40,717$36,412$32,512$28,990$25,819$21,659
12 years$36,942$32,681$28,853$25,428$22,374$18,420
13 years$33,751$29,534$25,779$22,449$19,510$15,757
14 years$31,018$26,846$23,162$19,928$17,103$13,545
15 years$28,651$24,524$20,912$17,772$15,059$11,690
16 years$26,582$22,500$18,960$15,913$13,309$10,123
17 years$24,759$20,722$17,253$14,298$11,801$8,792
18 years$23,140$19,148$15,750$12,885$10,492$7,654
19 years$21,693$17,746$14,418$11,643$9,352$6,678
20 years$20,392$16,491$13,232$10,545$8,354$5,837
21 years$19,217$15,360$12,171$9,570$7,475$5,109
22 years$18,150$14,338$11,218$8,701$6,701$4,479
23 years$17,177$13,410$10,357$7,925$6,015$3,931
24 years$16,287$12,565$9,579$7,228$5,406$3,453
25 years$15,469$11,791$8,872$6,601$4,865$3,036
26 years$14,715$11,082$8,228$6,035$4,382$2,672
27 years$14,018$10,429$7,641$5,524$3,951$2,352
28 years$13,373$9,828$7,103$5,061$3,565$2,073
29 years$12,773$9,271$6,610$4,641$3,219$1,827
30 years$12,213$8,756$6,157$4,260$2,909$1,611
31 years$11,691$8,277$5,740$3,912$2,630$1,422
32 years$11,203$7,832$5,355$3,595$2,379$1,255
33 years$10,745$7,417$5,000$3,306$2,153$1,108
34 years$10,315$7,029$4,672$3,042$1,949$978
35 years$9,911$6,667$4,368$2,800$1,765$864
36 years$9,529$6,328$4,086$2,579$1,599$764
37 years$9,170$6,010$3,825$2,376$1,450$675
38 years$8,830$5,712$3,582$2,190$1,314$596
39 years$8,508$5,432$3,356$2,020$1,192$527
40 years$8,203$5,168$3,145$1,863$1,081$466
41 years$7,914$4,919$2,949$1,719$981$412
42 years$7,639$4,685$2,766$1,586$890$364
43 years$7,378$4,464$2,596$1,464$808$322
44 years$7,129$4,255$2,437$1,352$733$285
45 years$6,892$4,057$2,288$1,248$666$252
46 years$6,666$3,871$2,149$1,153$604$223
47 years$6,450$3,694$2,019$1,065$549$197
48 years$6,244$3,526$1,897$985$498$174
49 years$6,047$3,367$1,783$910$453$154
50 years$5,858$3,217$1,677$841$411$137

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 $3,752 every year, while hoping to spend $51,299 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: 67/5/28 Blend
58$6,000,000$6,000,000$6,000,000$6,000,000
59$6,615,870$6,297,870$6,204,870$7,010,340
60$7,236,107$6,551,884$6,358,152$7,530,651
61$7,917,889$6,816,625$6,514,849$8,093,407
62$8,667,439$7,092,565$6,675,021$8,707,796
63$9,491,614$7,380,197$6,838,731$9,378,924
64$10,397,968$7,680,036$7,006,037$10,112,414
65$11,394,823$7,992,621$7,177,002$10,914,458
66$12,491,350$8,318,514$7,351,687$11,791,872
67$13,697,652$8,658,305$7,530,153$12,752,165
68$15,024,860$9,012,610$7,712,460$13,803,607
69$16,485,241$9,382,072$7,898,672$14,955,305
70$18,092,306$9,767,365$8,088,849$16,217,290
71$19,860,949$10,169,193$8,283,053$17,600,612
72$21,807,574$10,588,292$8,481,343$19,117,440
73$23,950,261$11,025,432$8,683,782$20,781,181
74$26,308,928$11,481,419$8,890,430$22,606,602
75$28,905,526$11,957,096$9,101,346$24,609,971
76$31,764,238$12,453,342$9,316,590$26,809,208
77$34,911,715$12,971,081$9,536,221$29,224,055
78$38,377,323$13,511,276$9,760,297$31,876,261
79$42,193,417$14,074,936$9,988,874$34,789,786
80$46,395,653$14,663,116$10,222,009$37,991,029
81$51,023,321$15,276,920$10,459,757$41,509,071
82$56,119,713$15,917,502$10,702,172$45,375,954
83$61,732,535$16,586,071$10,949,307$49,626,980
84$67,914,357$17,283,892$11,201,212$54,301,044
85$74,723,105$18,012,286$11,457,936$59,441,000
86$82,222,612$18,772,638$11,719,527$65,094,066
87$90,483,218$19,566,397$11,986,031$71,312,264
88$99,582,433$20,395,078$12,257,490$78,152,916
89$109,605,672$21,260,267$12,533,946$85,679,182
90$120,647,054$22,163,624$12,815,437$93,960,654
91$132,810,298$23,106,886$13,101,999$103,074,012
92$146,209,695$24,091,870$13,393,663$113,103,749
93$160,971,193$25,120,481$13,690,460$124,142,962
94$177,233,579$26,194,709$13,992,415$136,294,239
95$195,149,794$27,316,639$14,299,550$149,670,616
96$214,888,371$28,488,453$14,611,883$164,396,650
97$236,635,032$29,712,434$14,929,428$180,609,590
98$260,594,436$30,990,974$15,252,195$198,460,673
99$286,992,113$32,326,576$15,580,187$218,116,548
100$316,076,589$33,721,859$15,913,404$239,760,850