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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$520,248$515,614$511,093$506,680$502,371$489,036
2 years$257,549$252,752$248,103$243,596$239,224$225,883
3 years$169,994$165,176$160,539$156,074$151,774$138,843
4 years$126,225$121,422$116,831$112,443$108,246$95,826
5 years$99,970$95,196$90,666$86,367$82,287$70,411
6 years$82,473$77,735$73,272$69,068$65,111$53,791
7 years$69,980$65,282$60,889$56,785$52,953$42,189
8 years$60,614$55,958$51,639$47,635$43,929$33,717
9 years$53,333$48,722$44,476$40,575$36,995$27,325
10 years$47,512$42,946$38,776$34,976$31,521$22,381
11 years$42,753$38,232$34,137$30,439$27,110$18,485
12 years$38,789$34,315$30,296$26,700$23,493$15,368
13 years$35,438$31,011$27,068$23,572$20,486$12,845
14 years$32,569$28,188$24,320$20,924$17,958$10,783
15 years$30,084$25,750$21,958$18,661$15,812$9,084
16 years$27,911$23,625$19,908$16,709$13,974$7,675
17 years$25,997$21,758$18,116$15,013$12,391$6,500
18 years$24,297$20,106$16,537$13,529$11,017$5,517
19 years$22,777$18,634$15,139$12,225$9,820$4,690
20 years$21,412$17,315$13,894$11,072$8,771$3,993
21 years$20,178$16,128$12,780$10,049$7,849$3,403
22 years$19,057$15,055$11,778$9,136$7,036$2,904
23 years$18,036$14,081$10,875$8,321$6,316$2,480
24 years$17,101$13,193$10,058$7,589$5,677$2,120
25 years$16,242$12,381$9,316$6,931$5,108$1,813
26 years$15,451$11,636$8,640$6,337$4,601$1,551
27 years$14,719$10,951$8,023$5,801$4,148$1,328
28 years$14,041$10,319$7,458$5,315$3,743$1,137
29 years$13,411$9,735$6,940$4,874$3,380$974
30 years$12,824$9,193$6,465$4,473$3,054$835
31 years$12,276$8,691$6,027$4,108$2,761$715
32 years$11,763$8,223$5,623$3,775$2,498$613
33 years$11,282$7,788$5,250$3,472$2,260$526
34 years$10,831$7,381$4,906$3,194$2,047$451
35 years$10,406$7,001$4,586$2,940$1,854$387
36 years$10,006$6,645$4,291$2,708$1,679$332
37 years$9,628$6,311$4,016$2,495$1,522$285
38 years$9,271$5,998$3,761$2,300$1,380$244
39 years$8,933$5,703$3,523$2,121$1,251$210
40 years$8,613$5,426$3,302$1,956$1,135$180
41 years$8,309$5,165$3,097$1,805$1,030$154
42 years$8,021$4,919$2,905$1,665$934$132
43 years$7,746$4,687$2,726$1,537$848$114
44 years$7,485$4,468$2,559$1,419$770$98
45 years$7,236$4,260$2,402$1,311$699$84
46 years$6,999$4,064$2,256$1,211$634$72
47 years$6,773$3,878$2,120$1,119$576$62
48 years$6,556$3,702$1,992$1,034$523$53
49 years$6,349$3,536$1,872$955$475$45
50 years$6,151$3,377$1,760$883$432$39

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 $6,799 every year, while hoping to spend $38,918 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: 62/12/26 Blend
58$6,300,000$6,300,000$6,300,000$6,300,000
59$6,949,613$6,615,713$6,518,063$7,331,963
60$7,617,065$6,898,475$6,695,010$7,874,903
61$8,351,293$7,193,787$6,876,580$8,462,622
62$9,159,067$7,502,224$7,062,887$9,103,518
63$10,047,845$7,824,387$7,254,048$9,802,796
64$11,025,848$8,160,905$7,450,181$10,566,182
65$12,102,130$8,512,435$7,651,407$11,399,978
66$13,286,670$8,879,666$7,857,852$12,311,122
67$14,590,462$9,263,322$8,069,641$13,307,252
68$16,025,620$9,664,155$8,286,905$14,396,773
69$17,605,492$10,082,958$8,509,776$15,588,941
70$19,344,787$10,520,557$8,738,388$16,893,947
71$21,259,711$10,977,821$8,972,880$18,323,009
72$23,368,123$11,455,655$9,213,393$19,888,481
73$25,689,701$11,955,011$9,460,070$21,603,967
74$28,246,127$12,476,884$9,713,060$23,484,445
75$31,061,295$13,022,314$9,972,510$25,546,413
76$34,161,533$13,592,394$10,238,576$27,808,038
77$37,575,854$14,188,265$10,511,412$30,289,327
78$41,336,225$14,811,124$10,791,178$33,012,316
79$45,477,874$15,462,224$11,078,037$36,001,276
80$50,039,620$16,142,876$11,372,154$39,282,939
81$55,064,239$16,854,454$11,673,699$42,886,750
82$60,598,867$17,598,398$11,982,844$46,845,142
83$66,695,447$18,376,215$12,299,764$51,193,842
84$73,411,216$19,189,483$12,624,639$55,972,202
85$80,809,247$20,039,855$12,957,652$61,223,576
86$88,959,046$20,929,063$13,298,989$66,995,719
87$97,937,202$21,858,921$13,648,839$73,341,240
88$107,828,117$22,831,329$14,007,396$80,318,098
89$118,724,797$23,848,276$14,374,855$87,990,141
90$130,729,732$24,911,847$14,751,419$96,427,711
91$143,955,863$26,024,226$15,137,289$105,708,304
92$158,527,648$27,187,700$15,532,675$115,917,298
93$174,582,236$28,404,665$15,937,788$127,148,758
94$192,270,762$29,677,631$16,352,842$139,506,319
95$211,759,774$31,009,229$16,778,056$153,104,164
96$233,232,803$32,402,213$17,213,653$168,068,094
97$256,892,097$33,859,470$17,659,858$184,536,720
98$282,960,529$35,384,022$18,116,902$202,662,758
99$311,683,703$36,979,040$18,585,018$222,614,478
100$343,332,269$38,647,841$19,064,445$244,577,280