Can I retire at age 59 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$520,248$515,614$511,093$506,680$502,371$497,746
2 years$257,549$252,752$248,103$243,596$239,224$234,565
3 years$169,994$165,176$160,539$156,074$151,774$147,224
4 years$126,225$121,422$116,831$112,443$108,246$103,841
5 years$99,970$95,196$90,666$86,367$82,287$78,039
6 years$82,473$77,735$73,272$69,068$65,111$61,026
7 years$69,980$65,282$60,889$56,785$52,953$49,033
8 years$60,614$55,958$51,639$47,635$43,929$40,174
9 years$53,333$48,722$44,476$40,575$36,995$33,403
10 years$47,512$42,946$38,776$34,976$31,521$28,091
11 years$42,753$38,232$34,137$30,439$27,110$23,837
12 years$38,789$34,315$30,296$26,700$23,493$20,376
13 years$35,438$31,011$27,068$23,572$20,486$17,521
14 years$32,569$28,188$24,320$20,924$17,958$15,141
15 years$30,084$25,750$21,958$18,661$15,812$13,138
16 years$27,911$23,625$19,908$16,709$13,974$11,440
17 years$25,997$21,758$18,116$15,013$12,391$9,992
18 years$24,297$20,106$16,537$13,529$11,017$8,749
19 years$22,777$18,634$15,139$12,225$9,820$7,677
20 years$21,412$17,315$13,894$11,072$8,771$6,750
21 years$20,178$16,128$12,780$10,049$7,849$5,944
22 years$19,057$15,055$11,778$9,136$7,036$5,242
23 years$18,036$14,081$10,875$8,321$6,316$4,628
24 years$17,101$13,193$10,058$7,589$5,677$4,091
25 years$16,242$12,381$9,316$6,931$5,108$3,620
26 years$15,451$11,636$8,640$6,337$4,601$3,205
27 years$14,719$10,951$8,023$5,801$4,148$2,841
28 years$14,041$10,319$7,458$5,315$3,743$2,519
29 years$13,411$9,735$6,940$4,874$3,380$2,235
30 years$12,824$9,193$6,465$4,473$3,054$1,984
31 years$12,276$8,691$6,027$4,108$2,761$1,762
32 years$11,763$8,223$5,623$3,775$2,498$1,565
33 years$11,282$7,788$5,250$3,472$2,260$1,391
34 years$10,831$7,381$4,906$3,194$2,047$1,237
35 years$10,406$7,001$4,586$2,940$1,854$1,100
36 years$10,006$6,645$4,291$2,708$1,679$979
37 years$9,628$6,311$4,016$2,495$1,522$871
38 years$9,271$5,998$3,761$2,300$1,380$775
39 years$8,933$5,703$3,523$2,121$1,251$690
40 years$8,613$5,426$3,302$1,956$1,135$614
41 years$8,309$5,165$3,097$1,805$1,030$546
42 years$8,021$4,919$2,905$1,665$934$487
43 years$7,746$4,687$2,726$1,537$848$433
44 years$7,485$4,468$2,559$1,419$770$386
45 years$7,236$4,260$2,402$1,311$699$344
46 years$6,999$4,064$2,256$1,211$634$306
47 years$6,773$3,878$2,120$1,119$576$273
48 years$6,556$3,702$1,992$1,034$523$243
49 years$6,349$3,536$1,872$955$475$216
50 years$6,151$3,377$1,760$883$432$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,300,000, adding $4,320 every year, while hoping to spend $24,400 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: 43/48/9 Blend
58$6,300,000$6,300,000$6,300,000$6,300,000
59$6,947,056$6,613,156$6,515,506$7,227,514
60$7,629,694$6,911,239$6,707,814$7,721,109
61$8,381,144$7,223,111$6,905,747$8,252,693
62$9,208,398$7,549,421$7,109,466$8,828,007
63$10,119,162$7,890,849$7,319,141$9,451,062
64$11,121,926$8,248,111$7,534,942$10,126,256
65$12,226,046$8,621,952$7,757,046$10,858,415
66$13,441,832$9,013,156$7,985,636$11,652,836
67$14,780,642$9,422,545$8,220,898$12,515,332
68$16,254,996$9,850,977$8,463,026$13,452,287
69$17,878,685$10,299,355$8,712,217$14,470,708
70$19,666,909$10,768,622$8,968,675$15,578,291
71$21,636,417$11,259,768$9,232,609$16,783,493
72$23,805,665$11,773,829$9,504,235$18,095,599
73$26,194,990$12,311,894$9,783,773$19,524,815
74$28,826,801$12,875,099$10,071,453$21,082,355
75$31,725,795$13,464,639$10,367,507$22,780,544
76$34,919,185$14,081,765$10,672,176$24,632,929
77$38,436,957$14,727,786$10,985,709$26,654,403
78$42,312,155$15,404,077$11,308,360$28,861,340
79$46,581,196$16,112,077$11,640,390$31,271,744
80$51,284,204$16,853,295$11,982,069$33,905,414
81$56,465,398$17,629,312$12,333,674$36,784,127
82$62,173,505$18,441,785$12,695,489$39,931,831
83$68,462,222$19,292,452$13,067,807$43,374,875
84$75,390,718$20,183,132$13,450,928$47,142,241
85$83,024,200$21,115,734$13,845,163$51,265,818
86$91,434,521$22,092,258$14,250,829$55,780,690
87$100,700,864$23,114,800$14,668,253$60,725,465
88$110,910,484$24,185,557$15,097,771$66,142,628
89$122,159,536$25,306,832$15,539,729$72,078,934
90$134,553,982$26,481,039$15,994,483$78,585,844
91$148,210,587$27,710,710$16,462,398$85,719,995
92$163,258,027$28,998,495$16,943,848$93,543,734
93$179,838,100$30,347,175$17,439,221$102,125,687
94$198,107,065$31,759,665$17,948,914$111,541,405
95$218,237,117$33,239,020$18,473,333$121,874,060
96$240,418,012$34,788,441$19,012,900$133,215,222
97$264,858,861$36,411,287$19,568,044$145,665,710
98$291,790,101$38,111,076$20,139,209$159,336,533
99$321,465,669$39,891,496$20,726,850$174,349,922
100$354,165,404$41,756,417$21,331,437$190,840,472