Can I retire at age 59 with 6,100,000?

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 $6,100,000?

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$503,732$499,245$494,868$490,595$486,423$467,677
2 years$249,372$244,728$240,227$235,863$231,630$212,968
3 years$164,597$159,933$155,443$151,120$146,955$128,964
4 years$122,217$117,567$113,123$108,873$104,810$87,626
5 years$96,796$92,174$87,788$83,625$79,675$63,343
6 years$79,855$75,267$70,946$66,876$63,044$47,575
7 years$67,758$63,209$58,956$54,982$51,272$36,660
8 years$58,690$54,182$49,999$46,123$42,535$28,767
9 years$51,640$47,175$43,064$39,287$35,820$22,876
10 years$46,004$41,583$37,545$33,866$30,521$18,376
11 years$41,396$37,019$33,054$29,473$26,249$14,875
12 years$37,558$33,226$29,334$25,852$22,747$12,115
13 years$34,313$30,026$26,208$22,823$19,836$9,915
14 years$31,535$27,293$23,548$20,260$17,388$8,146
15 years$29,129$24,933$21,261$18,068$15,310$6,713
16 years$27,025$22,875$19,276$16,178$13,531$5,546
17 years$25,171$21,067$17,540$14,536$11,997$4,592
18 years$23,525$19,467$16,012$13,100$10,667$3,808
19 years$22,054$18,042$14,658$11,837$9,508$3,163
20 years$20,732$16,766$13,453$10,721$8,493$2,629
21 years$19,537$15,616$12,374$9,730$7,600$2,188
22 years$18,452$14,577$11,405$8,846$6,812$1,822
23 years$17,463$13,634$10,530$8,057$6,115$1,519
24 years$16,558$12,774$9,739$7,348$5,496$1,267
25 years$15,727$11,988$9,020$6,711$4,946$1,057
26 years$14,960$11,267$8,365$6,136$4,455$882
27 years$14,252$10,603$7,768$5,616$4,017$736
28 years$13,596$9,991$7,221$5,146$3,624$615
29 years$12,985$9,426$6,720$4,719$3,273$513
30 years$12,417$8,902$6,260$4,331$2,957$429
31 years$11,886$8,415$5,836$3,977$2,673$358
32 years$11,390$7,962$5,445$3,655$2,418$299
33 years$10,924$7,540$5,084$3,361$2,189$250
34 years$10,487$7,147$4,750$3,093$1,982$209
35 years$10,076$6,778$4,441$2,847$1,795$175
36 years$9,688$6,434$4,154$2,622$1,626$146
37 years$9,322$6,111$3,888$2,416$1,474$122
38 years$8,977$5,807$3,641$2,227$1,336$102
39 years$8,650$5,522$3,412$2,053$1,212$85
40 years$8,340$5,254$3,198$1,894$1,099$71
41 years$8,046$5,001$2,998$1,747$997$60
42 years$7,766$4,763$2,813$1,613$905$50
43 years$7,501$4,538$2,639$1,489$821$42
44 years$7,248$4,326$2,477$1,374$745$35
45 years$7,007$4,125$2,326$1,269$677$29
46 years$6,777$3,935$2,185$1,172$614$24
47 years$6,558$3,755$2,053$1,083$558$20
48 years$6,348$3,585$1,929$1,001$507$17
49 years$6,148$3,423$1,813$925$460$14
50 years$5,956$3,270$1,704$855$418$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,100,000, adding $2,522 every year, while hoping to spend $46,485 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: 49/33/18 Blend
58$6,100,000$6,100,000$6,100,000$6,100,000
59$6,724,801$6,401,501$6,306,951$7,020,360
60$7,361,272$6,665,715$6,468,775$7,489,366
61$8,061,104$6,941,318$6,634,461$7,993,602
62$8,830,711$7,228,818$6,804,091$8,540,371
63$9,677,162$7,528,747$6,977,745$9,133,688
64$10,608,240$7,841,664$7,155,507$9,777,967
65$11,632,524$8,168,149$7,337,461$10,478,055
66$12,759,466$8,508,813$7,523,691$11,239,285
67$13,999,480$8,864,293$7,714,282$12,067,515
68$15,364,039$9,235,255$7,909,323$12,969,189
69$16,865,787$9,622,399$8,108,901$13,951,391
70$18,518,653$10,026,452$8,313,105$15,021,914
71$20,337,987$10,448,180$8,522,025$16,189,326
72$22,340,702$10,888,380$8,735,753$17,463,055
73$24,545,433$11,347,891$8,954,381$18,853,468
74$26,972,715$11,827,585$9,178,000$20,371,976
75$29,645,175$12,328,380$9,406,706$22,031,131
76$32,587,744$12,851,233$9,640,593$23,844,745
77$35,827,897$13,397,146$9,879,756$25,828,018
78$39,395,906$13,967,170$10,124,291$27,997,678
79$43,325,130$14,562,402$10,374,296$30,372,136
80$47,652,325$15,183,991$10,629,867$32,971,657
81$52,417,997$15,833,142$10,891,102$35,818,548
82$57,666,780$16,511,113$11,158,101$38,937,364
83$63,447,856$17,219,222$11,430,962$42,355,139
84$69,815,422$17,958,849$11,709,784$46,101,633
85$76,829,201$18,731,438$11,994,668$50,209,614
86$84,555,002$19,538,501$12,285,712$54,715,160
87$93,065,345$20,381,621$12,583,016$59,657,997
88$102,440,144$21,262,454$12,886,681$65,081,870
89$112,767,460$22,182,735$13,196,805$71,034,948
90$124,144,332$23,144,280$13,513,490$77,570,278
91$136,677,695$24,148,991$13,836,832$84,746,281
92$150,485,385$25,198,857$14,166,932$92,627,292
93$165,697,257$26,295,964$14,503,887$101,284,172
94$182,456,405$27,442,494$14,847,794$110,794,960
95$200,920,513$28,640,731$15,198,751$121,245,614
96$221,263,348$29,893,069$15,556,851$132,730,810
97$243,676,393$31,202,013$15,922,189$145,354,831
98$268,370,660$32,570,187$16,294,858$159,232,544
99$295,578,680$34,000,339$16,674,948$174,490,480
100$325,556,696$35,495,346$17,062,549$191,268,018