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%13.8%
1 years$520,248$515,614$511,093$506,680$502,371$494,455
2 years$257,549$252,752$248,103$243,596$239,224$231,270
3 years$169,994$165,176$160,539$156,074$151,774$144,028
4 years$126,225$121,422$116,831$112,443$108,246$100,769
5 years$99,970$95,196$90,666$86,367$82,287$75,100
6 years$82,473$77,735$73,272$69,068$65,111$58,222
7 years$69,980$65,282$60,889$56,785$52,953$46,365
8 years$60,614$55,958$51,639$47,635$43,929$37,641
9 years$53,333$48,722$44,476$40,575$36,995$31,002
10 years$47,512$42,946$38,776$34,976$31,521$25,820
11 years$42,753$38,232$34,137$30,439$27,110$21,694
12 years$38,789$34,315$30,296$26,700$23,493$18,355
13 years$35,438$31,011$27,068$23,572$20,486$15,620
14 years$32,569$28,188$24,320$20,924$17,958$13,355
15 years$30,084$25,750$21,958$18,661$15,812$11,463
16 years$27,911$23,625$19,908$16,709$13,974$9,872
17 years$25,997$21,758$18,116$15,013$12,391$8,525
18 years$24,297$20,106$16,537$13,529$11,017$7,380
19 years$22,777$18,634$15,139$12,225$9,820$6,401
20 years$21,412$17,315$13,894$11,072$8,771$5,561
21 years$20,178$16,128$12,780$10,049$7,849$4,839
22 years$19,057$15,055$11,778$9,136$7,036$4,216
23 years$18,036$14,081$10,875$8,321$6,316$3,677
24 years$17,101$13,193$10,058$7,589$5,677$3,210
25 years$16,242$12,381$9,316$6,931$5,108$2,805
26 years$15,451$11,636$8,640$6,337$4,601$2,453
27 years$14,719$10,951$8,023$5,801$4,148$2,146
28 years$14,041$10,319$7,458$5,315$3,743$1,879
29 years$13,411$9,735$6,940$4,874$3,380$1,645
30 years$12,824$9,193$6,465$4,473$3,054$1,442
31 years$12,276$8,691$6,027$4,108$2,761$1,263
32 years$11,763$8,223$5,623$3,775$2,498$1,108
33 years$11,282$7,788$5,250$3,472$2,260$972
34 years$10,831$7,381$4,906$3,194$2,047$852
35 years$10,406$7,001$4,586$2,940$1,854$748
36 years$10,006$6,645$4,291$2,708$1,679$656
37 years$9,628$6,311$4,016$2,495$1,522$576
38 years$9,271$5,998$3,761$2,300$1,380$506
39 years$8,933$5,703$3,523$2,121$1,251$444
40 years$8,613$5,426$3,302$1,956$1,135$390
41 years$8,309$5,165$3,097$1,805$1,030$342
42 years$8,021$4,919$2,905$1,665$934$301
43 years$7,746$4,687$2,726$1,537$848$264
44 years$7,485$4,468$2,559$1,419$770$232
45 years$7,236$4,260$2,402$1,311$699$204
46 years$6,999$4,064$2,256$1,211$634$179
47 years$6,773$3,878$2,120$1,119$576$157
48 years$6,556$3,702$1,992$1,034$523$138
49 years$6,349$3,536$1,872$955$475$121
50 years$6,151$3,377$1,760$883$432$107

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 $5,938 every year, while hoping to spend $41,425 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: 68/25/7 Blend
58$6,300,000$6,300,000$6,300,000$6,300,000
59$6,948,725$6,614,825$6,517,175$7,412,805
60$7,613,419$6,894,876$6,691,425$8,001,164
61$8,344,524$7,187,260$6,870,123$8,638,747
62$9,148,769$7,492,540$7,053,376$9,334,853
63$10,033,569$7,811,300$7,241,290$10,095,201
64$11,007,096$8,144,157$7,433,976$10,926,083
65$12,078,351$8,491,751$7,631,545$11,834,420
66$13,257,252$8,854,757$7,834,111$12,827,830
67$14,554,729$9,233,877$8,041,791$13,914,697
68$15,982,823$9,629,849$8,254,703$15,104,245
69$17,554,804$10,043,444$8,472,969$16,406,630
70$19,285,292$10,475,471$8,696,711$17,833,028
71$21,190,396$10,926,773$8,926,055$19,395,741
72$23,287,867$11,398,236$9,161,129$21,108,314
73$25,597,267$11,890,786$9,402,063$22,985,657
74$28,140,147$12,405,394$9,648,992$25,044,184
75$30,940,258$12,943,074$9,902,049$27,301,969
76$34,023,769$13,504,890$10,161,372$29,778,911
77$37,419,518$14,091,954$10,427,103$32,496,923
78$41,159,281$14,705,432$10,699,383$35,480,132
79$45,278,073$15,346,544$10,978,358$38,755,108
80$49,814,480$16,016,568$11,264,176$42,351,111
81$54,811,018$16,716,841$11,556,988$46,300,364
82$60,314,541$17,448,765$11,856,945$50,638,355
83$66,376,676$18,213,806$12,164,204$55,404,167
84$73,054,315$19,013,500$12,478,924$60,640,849
85$80,410,151$19,849,458$12,801,263$66,395,813
86$88,513,267$20,723,362$13,131,386$72,721,281
87$97,439,791$21,636,978$13,469,459$79,674,777
88$107,273,614$22,592,154$13,815,650$87,319,659
89$118,107,177$23,590,824$14,170,129$95,725,722
90$130,042,352$24,635,017$14,533,071$104,969,847
91$143,191,393$25,726,854$14,904,650$115,136,725
92$157,678,006$26,868,561$15,285,046$126,319,650
93$173,638,507$28,062,465$15,674,440$138,621,398
94$191,223,116$29,311,007$16,073,015$152,155,190
95$210,597,370$30,616,742$16,480,957$167,045,757
96$231,943,687$31,982,348$16,898,454$183,430,512
97$255,463,088$33,410,627$17,325,697$201,460,842
98$281,377,093$34,904,519$17,762,879$221,303,529
99$309,929,816$36,467,099$18,210,194$243,142,324
100$341,390,262$38,101,592$18,667,841$267,179,669