Can I retire at age 59 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$536,764$531,983$527,318$522,765$518,319$511,418
2 years$265,725$260,776$255,980$251,329$246,819$239,877
3 years$175,390$170,420$165,636$161,029$156,592$149,826
4 years$130,232$125,277$120,540$116,012$111,683$105,144
5 years$103,144$98,218$93,544$89,109$84,899$78,607
6 years$85,091$80,203$75,598$71,261$67,178$61,139
7 years$72,201$67,354$62,822$58,588$54,634$48,851
8 years$62,538$57,735$53,278$49,148$45,324$39,796
9 years$55,027$50,269$45,888$41,863$38,169$32,895
10 years$49,021$44,309$40,007$36,086$32,522$27,496
11 years$44,110$39,446$35,221$31,406$27,970$23,189
12 years$40,021$35,405$31,258$27,547$24,238$19,696
13 years$36,563$31,995$27,927$24,320$21,136$16,827
14 years$33,602$29,083$25,092$21,589$18,528$14,445
15 years$31,039$26,568$22,655$19,253$16,313$12,450
16 years$28,797$24,375$20,540$17,239$14,418$10,766
17 years$26,822$22,449$18,691$15,489$12,784$9,337
18 years$25,068$20,744$17,062$13,959$11,367$8,118
19 years$23,500$19,225$15,620$12,613$10,132$7,072
20 years$22,091$17,865$14,335$11,424$9,050$6,172
21 years$20,818$16,640$13,185$10,368$8,098$5,395
22 years$19,662$15,533$12,152$9,427$7,259$4,722
23 years$18,609$14,528$11,221$8,585$6,516$4,137
24 years$17,644$13,612$10,377$7,830$5,857$3,629
25 years$16,758$12,774$9,611$7,151$5,270$3,186
26 years$15,941$12,005$8,914$6,538$4,747$2,799
27 years$15,187$11,299$8,277$5,985$4,280$2,461
28 years$14,487$10,647$7,695$5,483$3,862$2,164
29 years$13,837$10,044$7,161$5,028$3,487$1,905
30 years$13,231$9,485$6,670$4,615$3,151$1,677
31 years$12,666$8,967$6,218$4,238$2,849$1,477
32 years$12,137$8,484$5,802$3,895$2,577$1,302
33 years$11,641$8,035$5,417$3,582$2,332$1,147
34 years$11,175$7,615$5,061$3,296$2,111$1,012
35 years$10,736$7,223$4,732$3,034$1,912$892
36 years$10,324$6,856$4,427$2,794$1,733$787
37 years$9,934$6,511$4,143$2,574$1,570$694
38 years$9,565$6,188$3,880$2,373$1,424$613
39 years$9,217$5,884$3,635$2,188$1,291$541
40 years$8,887$5,598$3,407$2,018$1,171$477
41 years$8,573$5,329$3,195$1,862$1,062$421
42 years$8,275$5,075$2,997$1,718$964$372
43 years$7,992$4,836$2,812$1,586$875$328
44 years$7,723$4,609$2,640$1,465$794$290
45 years$7,466$4,395$2,479$1,353$721$256
46 years$7,221$4,193$2,328$1,249$655$226
47 years$6,988$4,002$2,187$1,154$594$199
48 years$6,764$3,820$2,055$1,067$540$176
49 years$6,551$3,648$1,932$986$490$156
50 years$6,346$3,485$1,816$911$445$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,500,000, adding $3,376 every year, while hoping to spend $44,634 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: 86/9/5 Blend
58$6,500,000$6,500,000$6,500,000$6,500,000
59$7,166,482$6,821,982$6,721,232$7,782,875
60$7,849,973$7,108,769$6,898,903$8,471,671
61$8,601,684$7,408,113$7,081,030$9,221,896
62$9,428,527$7,720,581$7,267,716$10,044,803
63$10,338,116$8,046,769$7,459,063$10,947,671
64$11,338,841$8,387,298$7,655,179$11,938,516
65$12,439,946$8,742,819$7,856,172$13,026,165
66$13,651,618$9,114,014$8,062,150$14,220,343
67$14,985,078$9,501,596$8,273,227$15,531,758
68$16,452,692$9,906,310$8,489,517$16,972,205
69$18,068,086$10,328,938$8,711,135$18,554,678
70$19,846,272$10,770,298$8,938,199$20,293,489
71$21,803,794$11,231,244$9,170,830$22,204,402
72$23,958,878$11,712,673$9,409,151$24,304,783
73$26,331,611$12,215,521$9,653,284$26,613,762
74$28,944,123$12,740,769$9,903,358$29,152,413
75$31,820,803$13,289,446$10,159,499$31,943,953
76$34,988,521$13,862,626$10,421,839$35,013,958
77$38,476,890$14,461,434$10,690,510$38,390,602
78$42,318,539$15,087,050$10,965,648$42,104,929
79$46,549,420$15,740,706$11,247,388$46,191,136
80$51,209,156$16,423,695$11,535,870$50,686,902
81$56,341,402$17,137,369$11,831,234$55,633,736
82$61,994,268$17,883,143$12,133,624$61,077,374
83$68,220,768$18,662,501$12,443,184$67,068,205
84$75,079,317$19,476,994$12,760,061$73,661,747
85$82,634,289$20,328,249$13,084,405$80,919,168
86$90,956,620$21,217,967$13,416,367$88,907,865
87$100,124,478$22,147,930$13,756,098$97,702,095
88$110,224,002$23,120,006$14,103,754$107,383,679
89$121,350,112$24,136,148$14,459,492$118,042,767
90$133,607,409$25,198,404$14,823,470$129,778,693
91$147,111,156$26,308,918$15,195,848$142,700,907
92$161,988,373$27,469,934$15,576,788$156,930,007
93$178,379,031$28,683,804$15,966,454$172,598,876
94$196,437,372$29,952,991$16,365,010$189,853,938
95$216,333,371$31,280,074$16,772,625$208,856,530
96$238,254,332$32,667,755$17,189,465$229,784,429
97$262,406,662$34,118,863$17,615,700$252,833,529
98$289,017,817$35,636,362$18,051,501$278,219,682
99$318,338,448$37,223,358$18,497,041$306,180,738
100$350,644,770$38,883,103$18,952,491$336,978,788