Can I retire at age 59 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$545,022$540,167$535,431$530,807$526,293$518,857
2 years$269,813$264,788$259,918$255,196$250,616$243,138
3 years$178,088$173,042$168,184$163,506$159,001$151,714
4 years$132,235$127,204$122,395$117,797$113,401$106,362
5 years$104,731$99,729$94,983$90,480$86,206$79,434
6 years$86,400$81,437$76,761$72,357$68,211$61,716
7 years$73,312$68,390$63,789$59,489$55,474$49,257
8 years$63,500$58,623$54,098$49,904$46,021$40,081
9 years$55,873$51,042$46,594$42,507$38,757$33,090
10 years$49,775$44,991$40,622$36,641$33,022$27,627
11 years$44,789$40,053$35,763$31,889$28,400$23,270
12 years$40,637$35,949$31,739$27,971$24,611$19,739
13 years$37,126$32,488$28,356$24,694$21,461$16,842
14 years$34,119$29,530$25,478$21,921$18,813$14,438
15 years$31,516$26,977$23,004$19,549$16,564$12,427
16 years$29,240$24,750$20,856$17,504$14,640$10,732
17 years$27,235$22,794$18,978$15,728$12,981$9,294
18 years$25,454$21,063$17,325$14,174$11,542$8,069
19 years$23,862$19,521$15,860$12,807$10,287$7,019
20 years$22,431$18,140$14,555$11,599$9,189$6,117
21 years$21,139$16,896$13,388$10,527$8,223$5,338
22 years$19,965$15,772$12,339$9,572$7,371$4,665
23 years$18,895$14,751$11,393$8,717$6,616$4,082
24 years$17,915$13,821$10,537$7,950$5,947$3,574
25 years$17,016$12,970$9,759$7,261$5,351$3,133
26 years$16,187$12,190$9,051$6,639$4,820$2,748
27 years$15,420$11,472$8,405$6,077$4,346$2,412
28 years$14,710$10,810$7,813$5,568$3,921$2,118
29 years$14,050$10,198$7,271$5,106$3,541$1,861
30 years$13,435$9,631$6,773$4,686$3,199$1,636
31 years$12,861$9,105$6,314$4,303$2,893$1,439
32 years$12,323$8,615$5,891$3,955$2,617$1,266
33 years$11,820$8,158$5,500$3,637$2,368$1,114
34 years$11,347$7,732$5,139$3,346$2,144$980
35 years$10,902$7,334$4,805$3,080$1,942$863
36 years$10,482$6,961$4,495$2,837$1,759$760
37 years$10,087$6,611$4,207$2,614$1,595$669
38 years$9,713$6,283$3,940$2,409$1,446$590
39 years$9,359$5,975$3,691$2,221$1,311$519
40 years$9,023$5,684$3,460$2,049$1,189$458
41 years$8,705$5,411$3,244$1,890$1,079$403
42 years$8,403$5,153$3,043$1,745$979$355
43 years$8,115$4,910$2,856$1,611$888$313
44 years$7,842$4,680$2,680$1,487$806$276
45 years$7,581$4,463$2,517$1,373$732$243
46 years$7,332$4,258$2,364$1,269$665$214
47 years$7,095$4,063$2,221$1,172$604$189
48 years$6,868$3,879$2,087$1,083$548$167
49 years$6,651$3,704$1,962$1,001$498$147
50 years$6,444$3,538$1,844$925$452$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,600,000, adding $5,219 every year, while hoping to spend $27,471 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: 36/39/25 Blend
58$6,600,000$6,600,000$6,600,000$6,600,000
59$7,278,583$6,928,783$6,826,483$7,485,641
60$7,991,770$7,239,065$7,025,942$7,949,273
61$8,776,781$7,563,629$7,231,161$8,446,568
62$9,640,913$7,903,148$7,442,306$8,982,902
63$10,592,207$8,258,323$7,659,544$9,561,797
64$11,639,523$8,629,891$7,883,049$10,187,114
65$12,792,623$9,018,624$8,112,999$10,863,086
66$14,062,263$9,425,330$8,349,578$11,594,360
67$15,460,298$9,850,855$8,592,973$12,386,034
68$16,999,788$10,296,087$8,843,378$13,243,701
69$18,695,127$10,761,956$9,100,991$14,173,504
70$20,562,173$11,249,434$9,366,017$15,182,185
71$22,618,402$11,759,544$9,638,666$16,277,149
72$24,883,071$12,293,354$9,919,154$17,466,530
73$27,377,401$12,851,985$10,207,702$18,759,262
74$30,124,775$13,436,611$10,504,539$20,165,160
75$33,150,959$14,048,462$10,809,898$21,695,010
76$36,484,348$14,688,828$11,124,021$23,360,668
77$40,156,231$15,359,060$11,447,154$25,175,163
78$44,201,085$16,060,573$11,779,553$27,152,817
79$48,656,906$16,794,851$12,121,478$29,309,379
80$53,565,560$17,563,449$12,473,198$31,662,164
81$58,973,186$18,367,996$12,834,988$34,230,213
82$64,930,623$19,210,200$13,207,133$37,034,467
83$71,493,897$20,091,850$13,589,922$40,097,962
84$78,724,747$21,014,823$13,983,656$43,446,033
85$86,691,204$21,981,083$14,388,642$47,106,556
86$95,468,242$22,992,690$14,805,196$51,110,196
87$105,138,475$24,051,804$15,233,643$55,490,697
88$115,792,944$25,160,688$15,674,315$60,285,189
89$127,531,975$26,321,713$16,127,555$65,534,531
90$140,466,125$27,537,364$16,593,716$71,283,692
91$154,717,223$28,810,248$17,073,159$77,582,163
92$170,419,524$30,143,096$17,566,255$84,484,420
93$187,720,977$31,538,768$18,073,386$92,050,425
94$206,784,616$33,000,267$18,594,943$100,346,187
95$227,790,103$34,530,736$19,131,330$109,444,373
96$250,935,423$36,133,473$19,682,960$119,424,982
97$276,438,755$37,811,931$20,250,257$130,376,094
98$304,540,525$39,569,733$20,833,658$142,394,685
99$335,505,684$41,410,675$21,433,611$155,587,536
100$369,626,203$43,338,738$22,050,576$170,072,225