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%19.1%
1 years$528,506$523,798$519,205$514,722$510,345$491,651
2 years$261,637$256,764$252,041$247,463$243,021$224,396
3 years$172,692$167,798$163,088$158,552$154,183$136,211
4 years$128,228$123,349$118,686$114,228$109,964$92,784
5 years$101,557$96,707$92,105$87,738$83,593$67,248
6 years$83,782$78,969$74,435$70,165$66,144$50,647
7 years$71,090$66,318$61,856$57,686$53,793$39,140
8 years$61,576$56,847$52,458$48,392$44,627$30,804
9 years$54,180$49,495$45,182$41,219$37,582$24,571
10 years$48,267$43,628$39,391$35,531$32,022$19,800
11 years$43,432$38,839$34,679$30,923$27,540$16,081
12 years$39,405$34,860$30,777$27,123$23,865$13,141
13 years$36,001$31,503$27,497$23,946$20,811$10,791
14 years$33,086$28,636$24,706$21,256$18,243$8,897
15 years$30,561$26,159$22,306$18,957$16,062$7,358
16 years$28,354$24,000$20,224$16,974$14,196$6,102
17 years$26,409$22,104$18,403$15,251$12,587$5,070
18 years$24,682$20,425$16,800$13,744$11,192$4,221
19 years$23,139$18,929$15,379$12,419$9,976$3,518
20 years$21,752$17,590$14,114$11,248$8,910$2,936
21 years$20,498$16,384$12,982$10,208$7,974$2,453
22 years$19,360$15,294$11,965$9,282$7,147$2,051
23 years$18,322$14,304$11,048$8,453$6,416$1,716
24 years$17,373$13,402$10,217$7,709$5,767$1,437
25 years$16,500$12,577$9,463$7,041$5,189$1,203
26 years$15,696$11,821$8,777$6,438$4,674$1,008
27 years$14,953$11,125$8,150$5,893$4,214$845
28 years$14,264$10,483$7,577$5,399$3,803$709
29 years$13,624$9,889$7,051$4,951$3,434$594
30 years$13,028$9,339$6,567$4,544$3,103$498
31 years$12,471$8,829$6,123$4,173$2,805$418
32 years$11,950$8,354$5,712$3,835$2,537$351
33 years$11,461$7,911$5,334$3,527$2,296$294
34 years$11,003$7,498$4,984$3,245$2,079$247
35 years$10,571$7,112$4,659$2,987$1,883$207
36 years$10,165$6,750$4,359$2,751$1,706$174
37 years$9,781$6,411$4,080$2,535$1,546$146
38 years$9,418$6,093$3,820$2,336$1,402$123
39 years$9,075$5,794$3,579$2,154$1,271$103
40 years$8,750$5,512$3,355$1,987$1,153$86
41 years$8,441$5,247$3,146$1,833$1,046$73
42 years$8,148$4,997$2,951$1,692$949$61
43 years$7,869$4,761$2,769$1,562$861$51
44 years$7,604$4,538$2,599$1,442$782$43
45 years$7,351$4,328$2,441$1,332$710$36
46 years$7,110$4,129$2,292$1,230$645$30
47 years$6,880$3,940$2,153$1,137$585$25
48 years$6,660$3,761$2,024$1,050$532$21
49 years$6,450$3,592$1,902$971$483$18
50 years$6,249$3,431$1,788$897$438$15

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 $5,824 every year, while hoping to spend $27,464 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: 51/22/27 Blend
58$6,400,000$6,400,000$6,400,000$6,400,000
59$7,058,807$6,719,607$6,620,407$7,364,902
60$7,749,584$7,019,647$6,812,970$7,878,640
61$8,509,900$7,333,467$7,011,062$8,433,719
62$9,346,818$7,661,716$7,214,841$9,036,769
63$10,268,123$8,005,069$7,424,468$9,692,365
64$11,282,391$8,364,237$7,640,106$10,405,538
65$12,399,071$8,739,961$7,861,927$11,181,817
66$13,628,579$9,133,021$8,090,103$12,027,284
67$14,982,387$9,544,233$8,324,815$12,948,626
68$16,473,140$9,974,450$8,566,246$13,953,196
69$18,114,770$10,424,567$8,814,585$15,049,086
70$19,922,630$10,895,524$9,070,027$16,245,194
71$21,913,636$11,388,303$9,332,771$17,551,310
72$24,106,430$11,903,933$9,603,022$18,978,207
73$26,521,554$12,443,493$9,880,991$20,537,736
74$29,181,642$13,008,115$10,166,894$22,242,941
75$32,111,639$13,598,982$10,460,954$24,108,176
76$35,339,029$14,217,335$10,763,400$26,149,239
77$38,894,102$14,864,476$11,074,465$28,383,518
78$42,810,233$15,541,768$11,394,392$30,830,153
79$47,124,200$16,250,638$11,723,427$33,510,213
80$51,876,532$16,992,583$12,061,826$36,446,893
81$57,111,891$17,769,172$12,409,850$39,665,728
82$62,879,491$18,582,048$12,767,767$43,194,832
83$69,233,565$19,432,935$13,135,853$47,065,159
84$76,233,876$20,323,636$13,514,391$51,310,794
85$83,946,281$21,256,044$13,903,673$55,969,268
86$92,443,353$22,232,141$14,303,997$61,081,908
87$101,805,064$23,254,006$14,715,671$66,694,226
88$112,119,544$24,323,815$15,139,009$72,856,344
89$123,483,906$25,443,851$15,574,335$79,623,458
90$136,005,171$26,616,506$16,021,982$87,056,361
91$149,801,272$27,844,288$16,482,291$95,222,007
92$165,002,167$29,129,823$16,955,613$104,194,141
93$181,751,069$30,475,866$17,442,308$114,053,988
94$200,205,799$31,885,304$17,942,745$124,891,013
95$220,540,269$33,361,162$18,457,306$136,803,766
96$242,946,129$34,906,612$18,986,378$149,900,797
97$267,634,576$36,524,978$19,530,363$164,301,683
98$294,838,344$38,219,743$20,089,672$180,138,143
99$324,813,906$39,994,561$20,664,727$197,555,282
100$357,843,889$41,853,260$21,255,960$216,712,946