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%13.4%
1 years$511,990$507,430$502,980$498,637$494,397$487,411
2 years$253,460$248,740$244,165$239,729$235,427$228,403
3 years$167,295$162,554$157,991$153,597$149,365$142,520
4 years$124,221$119,495$114,977$110,658$106,528$99,916
5 years$98,383$93,685$89,227$84,996$80,981$74,620
6 years$81,164$76,501$72,109$67,972$64,077$57,976
7 years$68,869$64,245$59,923$55,883$52,112$46,271
8 years$59,652$55,070$50,819$46,879$43,232$37,652
9 years$52,487$47,949$43,770$39,931$36,408$31,085
10 years$46,758$42,264$38,160$34,421$31,021$25,952
11 years$42,074$37,625$33,596$29,956$26,679$21,859
12 years$38,174$33,771$29,815$26,276$23,120$18,543
13 years$34,876$30,519$26,638$23,198$20,161$15,821
14 years$32,052$27,741$23,934$20,592$17,673$13,563
15 years$29,606$25,342$21,609$18,365$15,561$11,674
16 years$27,468$23,250$19,592$16,443$13,752$10,082
17 years$25,584$21,413$17,828$14,774$12,194$8,731
18 years$23,911$19,786$16,275$13,315$10,842$7,580
19 years$22,416$18,338$14,899$12,031$9,664$6,594
20 years$21,072$17,040$13,673$10,896$8,632$5,746
21 years$19,857$15,872$12,577$9,889$7,725$5,015
22 years$18,755$14,816$11,591$8,991$6,924$4,382
23 years$17,750$13,857$10,703$8,189$6,215$3,834
24 years$16,830$12,984$9,898$7,469$5,587$3,358
25 years$15,985$12,184$9,168$6,821$5,027$2,943
26 years$15,206$11,451$8,503$6,237$4,528$2,582
27 years$14,486$10,777$7,895$5,708$4,083$2,266
28 years$13,818$10,155$7,340$5,230$3,684$1,990
29 years$13,198$9,580$6,830$4,796$3,326$1,749
30 years$12,621$9,048$6,362$4,402$3,006$1,537
31 years$12,081$8,553$5,931$4,043$2,717$1,352
32 years$11,576$8,093$5,534$3,715$2,458$1,189
33 years$11,103$7,664$5,167$3,416$2,224$1,046
34 years$10,659$7,264$4,828$3,143$2,014$921
35 years$10,241$6,890$4,514$2,894$1,824$811
36 years$9,847$6,539$4,222$2,665$1,653$714
37 years$9,475$6,211$3,952$2,455$1,498$629
38 years$9,124$5,902$3,701$2,263$1,358$554
39 years$8,791$5,613$3,467$2,087$1,232$488
40 years$8,476$5,340$3,250$1,925$1,117$430
41 years$8,177$5,083$3,047$1,776$1,013$379
42 years$7,894$4,841$2,859$1,639$920$334
43 years$7,624$4,612$2,682$1,513$835$294
44 years$7,366$4,397$2,518$1,397$758$259
45 years$7,122$4,193$2,364$1,290$688$229
46 years$6,888$4,000$2,221$1,192$624$201
47 years$6,665$3,817$2,086$1,101$567$178
48 years$6,452$3,644$1,960$1,017$515$157
49 years$6,248$3,480$1,843$940$468$138
50 years$6,053$3,324$1,732$869$425$122

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 $6,211 every year, while hoping to spend $34,714 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: 43/31/26 Blend
58$6,200,000$6,200,000$6,200,000$6,200,000
59$6,838,807$6,510,207$6,414,107$7,080,791
60$7,499,429$6,792,271$6,592,044$7,536,309
61$8,226,272$7,086,994$6,774,778$8,025,753
62$9,026,053$7,394,957$6,962,434$8,555,390
63$9,906,174$7,716,773$7,155,139$9,128,961
64$10,874,790$8,053,081$7,353,022$9,750,573
65$11,940,887$8,404,551$7,556,218$10,424,739
66$13,114,368$8,771,885$7,764,861$11,156,414
67$14,406,143$9,155,816$7,979,093$11,951,046
68$15,828,232$9,557,115$8,199,056$12,814,620
69$17,393,884$9,976,586$8,424,897$13,753,715
70$19,117,695$10,415,073$8,656,765$14,775,561
71$21,015,748$10,873,459$8,894,815$15,888,108
72$23,105,765$11,352,669$9,139,202$17,100,099
73$25,407,276$11,853,673$9,390,088$18,421,144
74$27,941,800$12,377,485$9,647,638$19,861,816
75$30,733,050$12,925,168$9,912,020$21,433,743
76$33,807,154$13,497,835$10,183,406$23,149,713
77$37,192,906$14,096,651$10,461,972$25,023,797
78$40,922,034$14,722,838$10,747,899$27,071,476
79$45,029,499$15,377,674$11,041,372$29,309,783
80$49,553,828$16,062,501$11,342,578$31,757,459
81$54,537,475$16,778,720$11,651,712$34,435,132
82$60,027,223$17,527,803$11,968,969$37,365,500
83$66,074,624$18,311,289$12,294,553$40,573,546
84$72,736,485$19,130,791$12,628,670$44,086,771
85$80,075,406$19,988,000$12,971,531$47,935,444
86$88,160,371$20,884,686$13,323,351$52,152,888
87$97,067,397$21,822,704$13,684,351$56,775,786
88$106,880,252$22,803,996$14,054,757$61,844,525
89$117,691,244$23,830,599$14,434,798$67,403,572
90$129,602,099$24,904,646$14,824,711$73,501,886
91$142,724,910$26,028,371$15,224,736$80,193,377
92$157,183,205$27,204,115$15,635,119$87,537,405
93$173,113,108$28,434,332$16,056,111$95,599,340
94$190,664,622$29,721,592$16,487,969$104,451,169
95$210,003,052$31,068,588$16,930,954$114,172,167
96$231,310,556$32,478,142$17,385,334$124,849,644
97$254,787,873$33,953,211$17,851,382$136,579,756
98$280,656,210$35,496,893$18,329,378$149,468,406
99$309,159,337$37,112,434$18,819,606$163,632,241
100$340,565,883$38,803,237$19,322,356$179,199,738