Can I retire at age 59 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$553,280$548,351$543,543$538,850$534,267$523,266
2 years$273,901$268,800$263,856$259,063$254,413$243,380
3 years$180,787$175,664$170,732$165,984$161,410$150,689
4 years$134,239$129,131$124,249$119,582$115,119$104,792
5 years$106,317$101,241$96,423$91,850$87,512$77,609
6 years$87,709$82,671$77,924$73,454$69,245$59,776
7 years$74,423$69,427$64,755$60,390$56,315$47,283
8 years$64,463$59,511$54,917$50,660$46,718$38,120
9 years$56,720$51,815$47,300$43,151$39,344$31,173
10 years$50,529$45,673$41,238$37,197$33,523$25,772
11 years$45,467$40,660$36,305$32,372$28,831$21,490
12 years$41,252$36,494$32,220$28,395$24,984$18,043
13 years$37,689$32,980$28,786$25,068$21,787$15,233
14 years$34,636$29,978$25,864$22,253$19,098$12,919
15 years$31,994$27,385$23,352$19,846$16,815$10,998
16 years$29,684$25,125$21,172$17,770$14,862$9,391
17 years$27,647$23,140$19,266$15,966$13,177$8,041
18 years$25,839$21,382$17,587$14,388$11,717$6,900
19 years$24,224$19,817$16,100$13,001$10,443$5,932
20 years$22,771$18,415$14,776$11,775$9,328$5,108
21 years$21,459$17,152$13,591$10,687$8,348$4,404
22 years$20,267$16,011$12,526$9,717$7,482$3,802
23 years$19,181$14,975$11,566$8,849$6,717$3,285
24 years$18,187$14,031$10,696$8,071$6,037$2,841
25 years$17,274$13,167$9,907$7,371$5,432$2,459
26 years$16,432$12,375$9,188$6,739$4,893$2,130
27 years$15,654$11,646$8,532$6,169$4,412$1,845
28 years$14,933$10,974$7,932$5,652$3,981$1,600
29 years$14,263$10,353$7,381$5,183$3,595$1,387
30 years$13,638$9,777$6,875$4,757$3,248$1,204
31 years$13,055$9,243$6,410$4,369$2,936$1,045
32 years$12,510$8,745$5,980$4,015$2,656$907
33 years$11,999$8,282$5,584$3,692$2,404$787
34 years$11,519$7,850$5,217$3,397$2,176$684
35 years$11,067$7,445$4,878$3,127$1,971$594
36 years$10,641$7,067$4,563$2,880$1,786$516
37 years$10,239$6,712$4,271$2,654$1,619$448
38 years$9,860$6,378$3,999$2,446$1,468$389
39 years$9,500$6,065$3,747$2,255$1,331$338
40 years$9,160$5,771$3,512$2,080$1,207$294
41 years$8,837$5,493$3,293$1,919$1,095$256
42 years$8,530$5,231$3,089$1,771$994$222
43 years$8,238$4,984$2,899$1,635$902$193
44 years$7,961$4,751$2,721$1,510$819$168
45 years$7,696$4,531$2,555$1,394$743$146
46 years$7,444$4,322$2,400$1,288$675$127
47 years$7,203$4,125$2,254$1,190$613$110
48 years$6,972$3,938$2,119$1,099$556$96
49 years$6,752$3,760$1,991$1,016$505$83
50 years$6,542$3,592$1,872$939$459$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,700,000, adding $4,152 every year, while hoping to spend $58,305 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: 58/15/27 Blend
58$6,700,000$6,700,000$6,700,000$6,700,000
59$7,387,683$7,032,583$6,928,733$7,761,593
60$8,079,190$7,315,143$7,098,809$8,300,507
61$8,839,278$7,609,595$7,272,629$8,881,308
62$9,674,878$7,916,459$7,450,256$9,513,394
63$10,593,630$8,236,281$7,631,755$10,201,751
64$11,603,951$8,569,629$7,817,189$10,951,866
65$12,715,112$8,917,099$8,006,623$11,769,778
66$13,937,330$9,279,313$8,200,121$12,662,132
67$15,281,859$9,656,921$8,397,747$13,636,243
68$16,761,103$10,050,605$8,599,566$14,700,162
69$18,388,726$10,461,074$8,805,641$15,862,754
70$20,179,782$10,889,073$9,016,037$17,133,777
71$22,150,862$11,335,380$9,230,816$18,523,973
72$24,320,243$11,800,807$9,450,041$20,045,171
73$26,708,066$12,286,204$9,673,776$21,710,395
74$29,336,522$12,792,462$9,902,081$23,533,987
75$32,230,065$13,320,509$10,135,017$25,531,740
76$35,415,636$13,871,319$10,372,646$27,721,044
77$38,922,927$14,445,910$10,615,025$30,121,053
78$42,784,650$15,045,344$10,862,213$32,752,859
79$47,036,854$15,670,735$11,114,267$35,639,696
80$51,719,260$16,323,248$11,371,242$38,807,149
81$56,875,638$17,004,101$11,633,192$42,283,402
82$62,554,219$17,714,567$11,900,169$46,099,497
83$68,808,148$18,455,980$12,172,224$50,289,628
84$75,695,990$19,229,734$12,449,404$54,891,459
85$83,282,279$20,037,289$12,731,757$59,946,480
86$91,638,126$20,880,171$13,019,326$65,500,395
87$100,841,893$21,759,977$13,312,151$71,603,554
88$110,979,929$22,678,379$13,610,271$78,311,422
89$122,147,388$23,637,126$13,913,721$85,685,102
90$134,449,124$24,638,048$14,222,534$93,791,911
91$148,000,683$25,683,060$14,536,736$102,706,008
92$162,929,389$26,774,167$14,856,354$112,509,100
93$179,375,552$27,913,466$15,181,407$123,291,201
94$197,493,785$29,103,153$15,511,911$135,151,484
95$217,454,469$30,345,525$15,847,878$148,199,216
96$239,445,356$31,642,987$16,189,313$162,554,780
97$263,673,346$32,998,057$16,536,219$178,350,816
98$290,366,435$34,413,369$16,888,589$195,733,462
99$319,775,868$35,891,681$17,246,414$214,863,736
100$352,178,513$37,435,880$17,609,675$235,919,052