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%17.7%
1 years$495,474$491,061$486,755$482,552$478,448$463,504
2 years$245,284$240,716$236,289$231,996$227,833$212,910
3 years$161,899$157,311$152,895$148,642$144,546$130,113
4 years$120,214$115,640$111,268$107,088$103,092$89,258
5 years$95,210$90,663$86,349$82,254$78,369$65,172
6 years$78,545$74,033$69,782$65,779$62,010$49,462
7 years$66,647$62,173$57,990$54,081$50,431$38,531
8 years$57,728$53,294$49,180$45,367$41,837$30,577
9 years$50,794$46,402$42,359$38,643$35,233$24,600
10 years$45,250$40,901$36,929$33,310$30,020$19,999
11 years$40,717$36,412$32,512$28,990$25,819$16,390
12 years$36,942$32,681$28,853$25,428$22,374$13,519
13 years$33,751$29,534$25,779$22,449$19,510$11,209
14 years$31,018$26,846$23,162$19,928$17,103$9,331
15 years$28,651$24,524$20,912$17,772$15,059$7,795
16 years$26,582$22,500$18,960$15,913$13,309$6,529
17 years$24,759$20,722$17,253$14,298$11,801$5,482
18 years$23,140$19,148$15,750$12,885$10,492$4,611
19 years$21,693$17,746$14,418$11,643$9,352$3,885
20 years$20,392$16,491$13,232$10,545$8,354$3,277
21 years$19,217$15,360$12,171$9,570$7,475$2,768
22 years$18,150$14,338$11,218$8,701$6,701$2,340
23 years$17,177$13,410$10,357$7,925$6,015$1,979
24 years$16,287$12,565$9,579$7,228$5,406$1,676
25 years$15,469$11,791$8,872$6,601$4,865$1,419
26 years$14,715$11,082$8,228$6,035$4,382$1,203
27 years$14,018$10,429$7,641$5,524$3,951$1,020
28 years$13,373$9,828$7,103$5,061$3,565$865
29 years$12,773$9,271$6,610$4,641$3,219$733
30 years$12,213$8,756$6,157$4,260$2,909$622
31 years$11,691$8,277$5,740$3,912$2,630$528
32 years$11,203$7,832$5,355$3,595$2,379$448
33 years$10,745$7,417$5,000$3,306$2,153$381
34 years$10,315$7,029$4,672$3,042$1,949$323
35 years$9,911$6,667$4,368$2,800$1,765$274
36 years$9,529$6,328$4,086$2,579$1,599$233
37 years$9,170$6,010$3,825$2,376$1,450$198
38 years$8,830$5,712$3,582$2,190$1,314$168
39 years$8,508$5,432$3,356$2,020$1,192$143
40 years$8,203$5,168$3,145$1,863$1,081$121
41 years$7,914$4,919$2,949$1,719$981$103
42 years$7,639$4,685$2,766$1,586$890$87
43 years$7,378$4,464$2,596$1,464$808$74
44 years$7,129$4,255$2,437$1,352$733$63
45 years$6,892$4,057$2,288$1,248$666$54
46 years$6,666$3,871$2,149$1,153$604$46
47 years$6,450$3,694$2,019$1,065$549$39
48 years$6,244$3,526$1,897$985$498$33
49 years$6,047$3,367$1,783$910$453$28
50 years$5,858$3,217$1,677$841$411$24

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 $3,212 every year, while hoping to spend $57,516 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: 51/30/19 Blend
58$6,000,000$6,000,000$6,000,000$6,000,000
59$6,615,313$6,297,313$6,204,313$6,917,771
60$7,228,879$6,544,685$6,350,961$7,373,966
61$7,903,100$6,802,250$6,500,594$7,863,471
62$8,644,103$7,070,448$6,653,251$8,394,453
63$9,458,638$7,349,736$6,808,971$8,970,858
64$10,354,140$7,640,594$6,967,793$9,597,022
65$11,338,800$7,943,521$7,129,752$10,277,715
66$12,421,645$8,259,041$7,294,886$11,018,181
67$13,612,619$8,587,699$7,463,230$11,824,187
68$14,922,676$8,930,067$7,634,818$12,702,077
69$16,363,888$9,286,740$7,809,684$13,658,831
70$17,949,556$9,658,341$7,987,860$14,702,125
71$19,694,334$10,045,523$8,169,376$15,840,406
72$21,614,367$10,448,964$8,354,261$17,082,969
73$23,727,447$10,869,378$8,542,544$18,440,043
74$26,053,176$11,307,507$8,734,248$19,922,884
75$28,613,154$11,764,129$8,929,399$21,543,879
76$31,431,179$12,240,055$9,128,018$23,316,666
77$34,533,478$12,736,136$9,330,125$25,256,254
78$37,948,944$13,253,258$9,535,736$27,379,167
79$41,709,419$13,792,351$9,744,866$29,703,594
80$45,849,988$14,354,384$9,957,527$32,249,561
81$50,409,310$14,940,372$10,173,727$35,039,118
82$55,429,986$15,551,377$10,393,474$38,096,542
83$60,958,957$16,188,506$10,616,767$41,448,565
84$67,047,949$16,852,922$10,843,607$45,124,623
85$73,753,961$17,545,835$11,073,989$49,157,131
86$81,139,799$18,268,516$11,307,902$53,581,786
87$89,274,676$19,022,290$11,545,334$58,437,901
88$98,234,857$19,808,546$11,786,266$63,768,772
89$108,104,382$20,628,735$12,030,676$69,622,086
90$118,975,860$21,484,374$12,278,535$76,050,361
91$130,951,342$22,377,052$12,529,810$83,111,445
92$144,143,280$23,308,429$12,784,460$90,869,056
93$158,675,596$24,280,244$13,042,441$99,393,376
94$174,684,843$25,294,312$13,303,699$108,761,715
95$192,321,501$26,352,537$13,568,176$119,059,231
96$211,751,389$27,456,907$13,835,806$130,379,732
97$233,157,239$28,609,503$14,106,513$142,826,558
98$256,740,413$29,812,504$14,380,217$156,513,547
99$282,722,806$31,068,188$14,656,825$171,566,109
100$311,348,942$32,378,938$14,936,238$188,122,402