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

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$536,764$531,983$527,318$522,765$518,319$499,730
2 years$265,725$260,776$255,980$251,329$246,819$228,291
3 years$175,390$170,420$165,636$161,029$156,592$138,709
4 years$130,232$125,277$120,540$116,012$111,683$94,581
5 years$103,144$98,218$93,544$89,109$84,899$68,623
6 years$85,091$80,203$75,598$71,261$67,178$51,739
7 years$72,201$67,354$62,822$58,588$54,634$40,029
8 years$62,538$57,735$53,278$49,148$45,324$31,542
9 years$55,027$50,269$45,888$41,863$38,169$25,191
10 years$49,021$44,309$40,007$36,086$32,522$20,325
11 years$44,110$39,446$35,221$31,406$27,970$16,529
12 years$40,021$35,405$31,258$27,547$24,238$13,525
13 years$36,563$31,995$27,927$24,320$21,136$11,122
14 years$33,602$29,083$25,092$21,589$18,528$9,182
15 years$31,039$26,568$22,655$19,253$16,313$7,605
16 years$28,797$24,375$20,540$17,239$14,418$6,315
17 years$26,822$22,449$18,691$15,489$12,784$5,256
18 years$25,068$20,744$17,062$13,959$11,367$4,381
19 years$23,500$19,225$15,620$12,613$10,132$3,658
20 years$22,091$17,865$14,335$11,424$9,050$3,058
21 years$20,818$16,640$13,185$10,368$8,098$2,559
22 years$19,662$15,533$12,152$9,427$7,259$2,143
23 years$18,609$14,528$11,221$8,585$6,516$1,796
24 years$17,644$13,612$10,377$7,830$5,857$1,506
25 years$16,758$12,774$9,611$7,151$5,270$1,263
26 years$15,941$12,005$8,914$6,538$4,747$1,060
27 years$15,187$11,299$8,277$5,985$4,280$890
28 years$14,487$10,647$7,695$5,483$3,862$747
29 years$13,837$10,044$7,161$5,028$3,487$628
30 years$13,231$9,485$6,670$4,615$3,151$527
31 years$12,666$8,967$6,218$4,238$2,849$443
32 years$12,137$8,484$5,802$3,895$2,577$372
33 years$11,641$8,035$5,417$3,582$2,332$313
34 years$11,175$7,615$5,061$3,296$2,111$263
35 years$10,736$7,223$4,732$3,034$1,912$221
36 years$10,324$6,856$4,427$2,794$1,733$186
37 years$9,934$6,511$4,143$2,574$1,570$156
38 years$9,565$6,188$3,880$2,373$1,424$131
39 years$9,217$5,884$3,635$2,188$1,291$111
40 years$8,887$5,598$3,407$2,018$1,171$93
41 years$8,573$5,329$3,195$1,862$1,062$78
42 years$8,275$5,075$2,997$1,718$964$66
43 years$7,992$4,836$2,812$1,586$875$55
44 years$7,723$4,609$2,640$1,465$794$46
45 years$7,466$4,395$2,479$1,353$721$39
46 years$7,221$4,193$2,328$1,249$655$33
47 years$6,988$4,002$2,187$1,154$594$28
48 years$6,764$3,820$2,055$1,067$540$23
49 years$6,551$3,648$1,932$986$490$20
50 years$6,346$3,485$1,816$911$445$16

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 $5,177 every year, while hoping to spend $56,669 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: 46/37/17 Blend
58$6,500,000$6,500,000$6,500,000$6,500,000
59$7,168,340$6,823,840$6,723,090$7,463,148
60$7,839,215$7,097,913$6,888,018$7,943,224
61$8,576,621$7,383,516$7,056,572$8,457,629
62$9,387,282$7,681,154$7,228,813$9,014,492
63$10,278,610$7,991,356$7,404,804$9,617,787
64$11,258,769$8,314,674$7,584,606$10,271,876
65$12,336,755$8,651,683$7,768,281$10,981,555
66$13,522,476$9,002,989$7,955,891$11,752,092
67$14,826,854$9,369,220$8,147,498$12,589,279
68$16,261,918$9,751,037$8,343,165$13,499,481
69$17,840,925$10,149,129$8,542,952$14,489,696
70$19,578,479$10,564,216$8,746,921$15,567,619
71$21,490,675$10,997,053$8,955,133$16,741,711
72$23,595,242$11,448,428$9,167,649$18,021,277
73$25,911,720$11,919,164$9,384,528$19,416,553
74$28,461,636$12,410,123$9,605,831$20,938,795
75$31,268,712$12,922,208$9,831,615$22,600,390
76$34,359,085$13,456,361$10,061,938$24,414,963
77$37,761,556$14,013,567$10,296,858$26,397,507
78$41,507,861$14,594,859$10,536,429$28,564,520
79$45,632,971$15,201,314$10,780,707$30,934,157
80$50,175,418$15,834,062$11,029,744$33,526,400
81$55,177,662$16,494,283$11,283,593$36,363,239
82$60,686,493$17,183,212$11,542,302$39,468,881
83$66,753,467$17,902,141$11,805,921$42,869,972
84$73,435,396$18,652,422$12,074,495$46,595,843
85$80,794,884$19,435,468$12,348,068$50,678,786
86$88,900,915$20,252,759$12,626,681$55,154,354
87$97,829,508$21,105,843$12,910,374$60,061,688
88$107,664,429$21,996,341$13,199,183$65,443,888
89$118,497,986$22,925,947$13,493,141$71,348,410
90$130,431,896$23,896,435$13,792,278$77,827,510
91$143,578,250$24,909,661$14,096,620$84,938,735
92$158,060,565$25,967,567$14,406,189$92,745,457
93$174,014,952$27,072,187$14,721,006$101,317,465
94$191,591,400$28,225,647$15,041,083$110,731,621
95$210,955,195$29,430,176$15,366,431$121,072,577
96$232,288,473$30,688,102$15,697,054$132,433,568
97$255,791,944$32,001,867$16,032,953$144,917,285
98$281,686,786$33,374,022$16,374,121$158,636,837
99$310,216,730$34,807,241$16,720,545$173,716,813
100$341,650,362$36,304,321$17,072,209$190,294,448