Can I retire at age 59 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$511,990$507,430$502,980$498,637$494,397$483,427
2 years$253,460$248,740$244,165$239,729$235,427$224,432
3 years$167,295$162,554$157,991$153,597$149,365$138,688
4 years$124,221$119,495$114,977$110,658$106,528$96,252
5 years$98,383$93,685$89,227$84,996$80,981$71,134
6 years$81,164$76,501$72,109$67,972$64,077$54,670
7 years$68,869$64,245$59,923$55,883$52,112$43,146
8 years$59,652$55,070$50,819$46,879$43,232$34,705
9 years$52,487$47,949$43,770$39,931$36,408$28,312
10 years$46,758$42,264$38,160$34,421$31,021$23,349
11 years$42,074$37,625$33,596$29,956$26,679$19,420
12 years$38,174$33,771$29,815$26,276$23,120$16,262
13 years$34,876$30,519$26,638$23,198$20,161$13,693
14 years$32,052$27,741$23,934$20,592$17,673$11,581
15 years$29,606$25,342$21,609$18,365$15,561$9,832
16 years$27,468$23,250$19,592$16,443$13,752$8,372
17 years$25,584$21,413$17,828$14,774$12,194$7,148
18 years$23,911$19,786$16,275$13,315$10,842$6,116
19 years$22,416$18,338$14,899$12,031$9,664$5,242
20 years$21,072$17,040$13,673$10,896$8,632$4,500
21 years$19,857$15,872$12,577$9,889$7,725$3,868
22 years$18,755$14,816$11,591$8,991$6,924$3,329
23 years$17,750$13,857$10,703$8,189$6,215$2,868
24 years$16,830$12,984$9,898$7,469$5,587$2,472
25 years$15,985$12,184$9,168$6,821$5,027$2,133
26 years$15,206$11,451$8,503$6,237$4,528$1,841
27 years$14,486$10,777$7,895$5,708$4,083$1,590
28 years$13,818$10,155$7,340$5,230$3,684$1,374
29 years$13,198$9,580$6,830$4,796$3,326$1,188
30 years$12,621$9,048$6,362$4,402$3,006$1,027
31 years$12,081$8,553$5,931$4,043$2,717$888
32 years$11,576$8,093$5,534$3,715$2,458$769
33 years$11,103$7,664$5,167$3,416$2,224$665
34 years$10,659$7,264$4,828$3,143$2,014$576
35 years$10,241$6,890$4,514$2,894$1,824$498
36 years$9,847$6,539$4,222$2,665$1,653$431
37 years$9,475$6,211$3,952$2,455$1,498$374
38 years$9,124$5,902$3,701$2,263$1,358$324
39 years$8,791$5,613$3,467$2,087$1,232$280
40 years$8,476$5,340$3,250$1,925$1,117$243
41 years$8,177$5,083$3,047$1,776$1,013$210
42 years$7,894$4,841$2,859$1,639$920$182
43 years$7,624$4,612$2,682$1,513$835$158
44 years$7,366$4,397$2,518$1,397$758$137
45 years$7,122$4,193$2,364$1,290$688$118
46 years$6,888$4,000$2,221$1,192$624$103
47 years$6,665$3,817$2,086$1,101$567$89
48 years$6,452$3,644$1,960$1,017$515$77
49 years$6,248$3,480$1,843$940$468$67
50 years$6,053$3,324$1,732$869$425$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,200,000, adding $6,811 every year, while hoping to spend $58,927 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: 76/5/19 Blend
58$6,200,000$6,200,000$6,200,000$6,200,000
59$6,839,426$6,510,826$6,414,726$7,328,670
60$7,474,349$6,767,158$6,566,921$7,909,781
61$8,172,060$7,034,076$6,722,240$8,538,797
62$8,938,900$7,312,036$6,880,725$9,226,917
63$9,781,856$7,601,514$7,042,418$9,980,025
64$10,708,627$7,903,009$7,207,360$10,804,603
65$11,727,692$8,217,042$7,375,592$11,707,789
66$12,848,395$8,544,156$7,547,153$12,697,446
67$14,081,032$8,884,919$7,722,082$13,782,232
68$15,436,943$9,239,927$7,900,418$14,971,686
69$16,928,626$9,609,798$8,082,197$16,276,313
70$18,569,850$9,995,182$8,267,455$17,707,688
71$20,375,786$10,396,757$8,456,226$19,278,559
72$22,363,149$10,815,231$8,648,543$21,002,968
73$24,550,358$11,251,345$8,844,436$22,896,387
74$26,957,706$11,705,873$9,043,937$24,975,860
75$29,607,555$12,179,624$9,247,072$27,260,162
76$32,524,544$12,673,444$9,453,867$29,769,978
77$35,735,822$13,188,217$9,664,346$32,528,098
78$39,271,304$13,724,868$9,878,529$35,559,629
79$43,163,953$14,284,363$10,096,437$38,892,234
80$47,450,093$14,867,713$10,318,084$42,556,389
81$52,169,747$15,475,975$10,543,484$46,585,675
82$57,367,017$16,110,254$10,772,646$51,017,087
83$63,090,501$16,771,705$11,005,579$55,891,389
84$69,393,750$17,461,536$11,242,284$61,253,497
85$76,335,773$18,181,012$11,482,761$67,152,897
86$83,981,595$18,931,454$11,727,005$73,644,117
87$92,402,866$19,714,244$11,975,009$80,787,239
88$101,678,544$20,530,828$12,226,758$88,648,463
89$111,895,635$21,382,718$12,482,234$97,300,736
90$123,150,015$22,271,496$12,741,413$106,824,433
91$135,547,333$23,198,816$13,004,267$117,308,121
92$149,204,013$24,166,410$13,270,762$128,849,390
93$164,248,345$25,176,087$13,540,856$141,555,774
94$180,821,704$26,229,743$13,814,502$155,545,766
95$199,079,876$27,329,358$14,091,645$170,949,936
96$219,194,534$28,477,007$14,372,226$187,912,159
97$241,354,855$29,674,859$14,656,174$206,590,977
98$265,769,306$30,925,184$14,943,412$227,161,089
99$292,667,614$32,230,356$15,233,855$249,815,003
100$322,302,929$33,592,862$15,527,408$274,764,850