Can I retire at age 59 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$528,506$523,798$519,205$514,722$510,345$499,428
2 years$261,637$256,764$252,041$247,463$243,021$232,076
3 years$172,692$167,798$163,088$158,552$154,183$143,551
4 years$128,228$123,349$118,686$114,228$109,964$99,728
5 years$101,557$96,707$92,105$87,738$83,593$73,780
6 years$83,782$78,969$74,435$70,165$66,144$56,766
7 years$71,090$66,318$61,856$57,686$53,793$44,851
8 years$61,576$56,847$52,458$48,392$44,627$36,117
9 years$54,180$49,495$45,182$41,219$37,582$29,500
10 years$48,267$43,628$39,391$35,531$32,022$24,359
11 years$43,432$38,839$34,679$30,923$27,540$20,286
12 years$39,405$34,860$30,777$27,123$23,865$17,010
13 years$36,001$31,503$27,497$23,946$20,811$14,341
14 years$33,086$28,636$24,706$21,256$18,243$12,146
15 years$30,561$26,159$22,306$18,957$16,062$10,326
16 years$28,354$24,000$20,224$16,974$14,196$8,805
17 years$26,409$22,104$18,403$15,251$12,587$7,528
18 years$24,682$20,425$16,800$13,744$11,192$6,450
19 years$23,139$18,929$15,379$12,419$9,976$5,537
20 years$21,752$17,590$14,114$11,248$8,910$4,761
21 years$20,498$16,384$12,982$10,208$7,974$4,099
22 years$19,360$15,294$11,965$9,282$7,147$3,533
23 years$18,322$14,304$11,048$8,453$6,416$3,048
24 years$17,373$13,402$10,217$7,709$5,767$2,632
25 years$16,500$12,577$9,463$7,041$5,189$2,274
26 years$15,696$11,821$8,777$6,438$4,674$1,966
27 years$14,953$11,125$8,150$5,893$4,214$1,701
28 years$14,264$10,483$7,577$5,399$3,803$1,472
29 years$13,624$9,889$7,051$4,951$3,434$1,275
30 years$13,028$9,339$6,567$4,544$3,103$1,104
31 years$12,471$8,829$6,123$4,173$2,805$957
32 years$11,950$8,354$5,712$3,835$2,537$829
33 years$11,461$7,911$5,334$3,527$2,296$719
34 years$11,003$7,498$4,984$3,245$2,079$623
35 years$10,571$7,112$4,659$2,987$1,883$540
36 years$10,165$6,750$4,359$2,751$1,706$468
37 years$9,781$6,411$4,080$2,535$1,546$406
38 years$9,418$6,093$3,820$2,336$1,402$352
39 years$9,075$5,794$3,579$2,154$1,271$306
40 years$8,750$5,512$3,355$1,987$1,153$265
41 years$8,441$5,247$3,146$1,833$1,046$230
42 years$8,148$4,997$2,951$1,692$949$200
43 years$7,869$4,761$2,769$1,562$861$173
44 years$7,604$4,538$2,599$1,442$782$150
45 years$7,351$4,328$2,441$1,332$710$131
46 years$7,110$4,129$2,292$1,230$645$113
47 years$6,880$3,940$2,153$1,137$585$98
48 years$6,660$3,761$2,024$1,050$532$85
49 years$6,450$3,592$1,902$971$483$74
50 years$6,249$3,431$1,788$897$438$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,400,000, adding $5,083 every year, while hoping to spend $54,428 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: 72/15/13 Blend
58$6,400,000$6,400,000$6,400,000$6,400,000
59$7,058,043$6,718,843$6,619,643$7,546,279
60$7,720,053$6,990,155$6,783,490$8,141,626
61$8,447,763$7,272,938$6,951,002$8,786,178
62$9,247,818$7,567,695$7,122,244$9,490,521
63$10,127,537$7,874,954$7,297,281$10,260,555
64$11,094,986$8,195,267$7,476,180$11,102,776
65$12,159,050$8,529,210$7,659,007$12,024,332
66$13,329,518$8,877,387$7,845,829$13,033,095
67$14,617,176$9,240,426$8,036,712$14,137,732
68$16,033,909$9,618,988$8,231,723$15,347,785
69$17,592,811$10,013,762$8,430,928$16,673,761
70$19,308,310$10,425,468$8,634,396$18,127,231
71$21,196,301$10,854,860$8,842,193$19,720,934
72$23,274,302$11,302,726$9,054,384$21,468,902
73$25,561,613$11,769,891$9,271,038$23,386,588
74$28,079,499$12,257,217$9,492,219$25,491,010
75$30,851,393$12,765,607$9,717,994$27,800,910
76$33,903,116$13,296,002$9,948,427$30,336,934
77$37,263,118$13,849,391$10,183,584$33,121,820
78$40,962,750$14,426,804$10,423,528$36,180,613
79$45,036,557$15,029,324$10,668,322$39,540,901
80$49,522,603$15,658,078$10,918,028$43,233,073
81$54,462,834$16,314,249$11,172,708$47,290,605
82$59,903,469$16,999,074$11,432,420$51,750,371
83$65,895,441$17,713,846$11,697,224$56,652,995
84$72,494,871$18,459,919$11,967,175$62,043,228
85$79,763,602$19,238,710$12,242,330$67,970,368
86$87,769,783$20,051,701$12,522,742$74,488,729
87$96,588,509$20,900,442$12,808,462$81,658,144
88$106,302,531$21,786,557$13,099,539$89,544,534
89$117,003,035$22,711,745$13,396,020$98,220,524
90$128,790,507$23,677,783$13,697,949$107,766,129
91$141,775,676$24,686,531$14,005,367$118,269,505
92$156,080,560$25,739,937$14,318,313$129,827,778
93$171,839,622$26,840,038$14,636,820$142,547,961
94$189,201,031$27,988,968$14,960,922$156,547,959
95$208,328,068$29,188,959$15,290,644$171,957,679
96$229,400,661$30,442,348$15,626,011$188,920,256
97$252,617,088$31,751,582$15,967,042$207,593,399
98$278,195,843$33,119,222$16,313,750$228,150,876
99$306,377,703$34,547,948$16,666,145$250,784,152
100$337,427,998$36,040,567$17,024,230$275,704,193