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%11.6%
1 years$511,990$507,430$502,980$498,637$494,397$491,075
2 years$253,460$248,740$244,165$239,729$235,427$232,077
3 years$167,295$162,554$157,991$153,597$149,365$146,090
4 years$124,221$119,495$114,977$110,658$106,528$103,354
5 years$98,383$93,685$89,227$84,996$80,981$77,917
6 years$81,164$76,501$72,109$67,972$64,077$61,127
7 years$68,869$64,245$59,923$55,883$52,112$49,277
8 years$59,652$55,070$50,819$46,879$43,232$40,513
9 years$52,487$47,949$43,770$39,931$36,408$33,803
10 years$46,758$42,264$38,160$34,421$31,021$28,530
11 years$42,074$37,625$33,596$29,956$26,679$24,299
12 years$38,174$33,771$29,815$26,276$23,120$20,849
13 years$34,876$30,519$26,638$23,198$20,161$17,997
14 years$32,052$27,741$23,934$20,592$17,673$15,614
15 years$29,606$25,342$21,609$18,365$15,561$13,603
16 years$27,468$23,250$19,592$16,443$13,752$11,894
17 years$25,584$21,413$17,828$14,774$12,194$10,431
18 years$23,911$19,786$16,275$13,315$10,842$9,173
19 years$22,416$18,338$14,899$12,031$9,664$8,084
20 years$21,072$17,040$13,673$10,896$8,632$7,138
21 years$19,857$15,872$12,577$9,889$7,725$6,314
22 years$18,755$14,816$11,591$8,991$6,924$5,593
23 years$17,750$13,857$10,703$8,189$6,215$4,961
24 years$16,830$12,984$9,898$7,469$5,587$4,406
25 years$15,985$12,184$9,168$6,821$5,027$3,916
26 years$15,206$11,451$8,503$6,237$4,528$3,484
27 years$14,486$10,777$7,895$5,708$4,083$3,102
28 years$13,818$10,155$7,340$5,230$3,684$2,764
29 years$13,198$9,580$6,830$4,796$3,326$2,465
30 years$12,621$9,048$6,362$4,402$3,006$2,198
31 years$12,081$8,553$5,931$4,043$2,717$1,962
32 years$11,576$8,093$5,534$3,715$2,458$1,752
33 years$11,103$7,664$5,167$3,416$2,224$1,565
34 years$10,659$7,264$4,828$3,143$2,014$1,398
35 years$10,241$6,890$4,514$2,894$1,824$1,250
36 years$9,847$6,539$4,222$2,665$1,653$1,117
37 years$9,475$6,211$3,952$2,455$1,498$999
38 years$9,124$5,902$3,701$2,263$1,358$894
39 years$8,791$5,613$3,467$2,087$1,232$799
40 years$8,476$5,340$3,250$1,925$1,117$715
41 years$8,177$5,083$3,047$1,776$1,013$640
42 years$7,894$4,841$2,859$1,639$920$573
43 years$7,624$4,612$2,682$1,513$835$513
44 years$7,366$4,397$2,518$1,397$758$459
45 years$7,122$4,193$2,364$1,290$688$411
46 years$6,888$4,000$2,221$1,192$624$368
47 years$6,665$3,817$2,086$1,101$567$330
48 years$6,452$3,644$1,960$1,017$515$295
49 years$6,248$3,480$1,843$940$468$264
50 years$6,053$3,324$1,732$869$425$237

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 $5,770 every year, while hoping to spend $50,296 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: 45/39/16 Blend
58$6,200,000$6,200,000$6,200,000$6,200,000
59$6,838,352$6,509,752$6,413,652$7,114,486
60$7,482,349$6,775,215$6,574,995$7,573,312
61$8,190,348$7,052,000$6,740,057$8,065,058
62$8,968,825$7,340,609$6,908,909$8,597,221
63$9,824,912$7,641,566$7,081,625$9,173,566
64$10,766,471$7,955,420$7,258,277$9,798,227
65$11,802,160$8,282,745$7,438,938$10,475,745
66$12,941,520$8,624,140$7,623,683$11,211,110
67$14,195,065$8,980,233$7,812,586$12,009,804
68$15,574,378$9,351,680$8,005,724$12,877,852
69$17,092,219$9,739,167$8,203,170$13,821,877
70$18,762,652$10,143,413$8,405,003$14,849,157
71$20,601,171$10,565,168$8,611,299$15,967,698
72$22,624,847$11,005,218$8,822,134$17,186,298
73$24,852,493$11,464,385$9,037,587$18,514,637
74$27,304,835$11,943,529$9,257,735$19,963,357
75$30,004,715$12,443,548$9,482,655$21,544,166
76$32,977,297$12,965,383$9,712,426$23,269,942
77$36,250,315$13,510,020$9,947,125$25,154,852
78$39,854,324$14,078,488$10,186,831$27,214,485
79$43,822,996$14,671,865$10,431,621$29,465,992
80$48,193,434$15,291,279$10,681,572$31,928,246
81$53,006,522$15,937,909$10,936,763$34,622,019
82$58,307,312$16,612,992$11,197,269$37,570,168
83$64,145,448$17,317,818$11,463,167$40,797,854
84$70,575,633$18,053,740$11,734,532$44,332,771
85$77,658,148$18,822,174$12,011,440$48,205,404
86$85,459,420$19,624,602$12,293,964$52,449,311
87$94,052,646$20,462,572$12,582,177$57,101,439
88$103,518,486$21,337,709$12,876,150$62,202,462
89$113,945,825$22,251,710$13,175,955$67,797,164
90$125,432,609$23,206,353$13,481,659$73,934,858
91$138,086,770$24,203,500$13,793,330$80,669,838
92$152,027,248$25,245,098$14,111,033$88,061,894
93$167,385,106$26,333,187$14,434,831$96,176,867
94$184,304,774$27,469,901$14,764,786$105,087,263
95$202,945,410$28,657,475$15,100,955$114,872,933
96$223,482,400$29,898,249$15,443,395$125,621,816
97$246,109,014$31,194,672$15,792,158$137,430,767
98$271,038,232$32,549,310$16,147,294$150,406,461
99$298,504,753$33,964,847$16,508,849$164,666,392
100$328,767,208$35,444,095$16,876,866$180,339,971