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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$553,280$548,351$543,543$538,850$534,267$529,570
2 years$273,901$268,800$263,856$259,063$254,413$249,679
3 years$180,787$175,664$170,732$165,984$161,410$156,787
4 years$134,239$129,131$124,249$119,582$115,119$110,642
5 years$106,317$101,241$96,423$91,850$87,512$83,194
6 years$87,709$82,671$77,924$73,454$69,245$65,092
7 years$74,423$69,427$64,755$60,390$56,315$52,328
8 years$64,463$59,511$54,917$50,660$46,718$42,899
9 years$56,720$51,815$47,300$43,151$39,344$35,689
10 years$50,529$45,673$41,238$37,197$33,523$30,032
11 years$45,467$40,660$36,305$32,372$28,831$25,500
12 years$41,252$36,494$32,220$28,395$24,984$21,811
13 years$37,689$32,980$28,786$25,068$21,787$18,767
14 years$34,636$29,978$25,864$22,253$19,098$16,228
15 years$31,994$27,385$23,352$19,846$16,815$14,091
16 years$29,684$25,125$21,172$17,770$14,862$12,279
17 years$27,647$23,140$19,266$15,966$13,177$10,732
18 years$25,839$21,382$17,587$14,388$11,717$9,403
19 years$24,224$19,817$16,100$13,001$10,443$8,257
20 years$22,771$18,415$14,776$11,775$9,328$7,265
21 years$21,459$17,152$13,591$10,687$8,348$6,403
22 years$20,267$16,011$12,526$9,717$7,482$5,650
23 years$19,181$14,975$11,566$8,849$6,717$4,993
24 years$18,187$14,031$10,696$8,071$6,037$4,417
25 years$17,274$13,167$9,907$7,371$5,432$3,911
26 years$16,432$12,375$9,188$6,739$4,893$3,466
27 years$15,654$11,646$8,532$6,169$4,412$3,074
28 years$14,933$10,974$7,932$5,652$3,981$2,728
29 years$14,263$10,353$7,381$5,183$3,595$2,422
30 years$13,638$9,777$6,875$4,757$3,248$2,152
31 years$13,055$9,243$6,410$4,369$2,936$1,913
32 years$12,510$8,745$5,980$4,015$2,656$1,701
33 years$11,999$8,282$5,584$3,692$2,404$1,513
34 years$11,519$7,850$5,217$3,397$2,176$1,346
35 years$11,067$7,445$4,878$3,127$1,971$1,198
36 years$10,641$7,067$4,563$2,880$1,786$1,067
37 years$10,239$6,712$4,271$2,654$1,619$950
38 years$9,860$6,378$3,999$2,446$1,468$846
39 years$9,500$6,065$3,747$2,255$1,331$754
40 years$9,160$5,771$3,512$2,080$1,207$671
41 years$8,837$5,493$3,293$1,919$1,095$598
42 years$8,530$5,231$3,089$1,771$994$533
43 years$8,238$4,984$2,899$1,635$902$475
44 years$7,961$4,751$2,721$1,510$819$424
45 years$7,696$4,531$2,555$1,394$743$378
46 years$7,444$4,322$2,400$1,288$675$337
47 years$7,203$4,125$2,254$1,190$613$300
48 years$6,972$3,938$2,119$1,099$556$268
49 years$6,752$3,760$1,991$1,016$505$239
50 years$6,542$3,592$1,872$939$459$213

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 $4,694 every year, while hoping to spend $26,868 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: 55/31/14 Blend
58$6,700,000$6,700,000$6,700,000$6,700,000
59$7,388,242$7,033,142$6,929,292$7,767,352
60$8,113,255$7,349,178$7,132,836$8,341,545
61$8,911,319$7,679,800$7,342,298$8,963,143
62$9,789,857$8,025,694$7,557,848$9,639,364
63$10,757,048$8,387,578$7,779,661$10,375,426
64$11,821,904$8,766,206$8,007,917$11,177,063
65$12,994,355$9,162,368$8,242,799$12,050,576
66$14,285,345$9,576,890$8,484,499$13,002,895
67$15,706,932$10,010,638$8,733,211$14,041,638
68$17,272,401$10,464,522$8,989,136$15,175,182
69$18,996,394$10,939,492$9,252,480$16,412,741
70$20,895,044$11,436,545$9,523,456$17,764,447
71$22,986,129$11,956,725$9,802,282$19,241,447
72$25,289,237$12,501,128$10,089,181$20,856,003
73$27,825,956$13,070,900$10,384,386$22,621,605
74$30,620,072$13,667,243$10,688,132$24,553,096
75$33,697,799$14,291,417$11,000,663$26,666,806
76$37,088,019$14,944,742$11,322,230$28,980,710
77$40,822,563$15,628,600$11,653,091$31,514,586
78$44,936,505$16,344,442$11,993,510$34,290,202
79$49,468,495$17,093,786$12,343,759$37,331,517
80$54,461,125$17,878,225$12,704,118$40,664,905
81$59,961,328$18,699,426$13,074,875$44,319,397
82$66,020,825$19,559,140$13,456,325$48,326,952
83$72,696,610$20,459,198$13,848,772$52,722,753
84$80,051,486$21,401,521$14,252,528$57,545,537
85$88,154,664$22,388,122$14,667,914$62,837,952
86$97,082,412$23,421,112$15,095,261$68,646,959
87$106,918,772$24,502,701$15,534,907$75,024,265
88$117,756,361$25,635,207$15,987,200$82,026,808
89$129,697,238$26,821,060$16,452,500$89,717,288
90$142,853,871$28,062,807$16,931,173$98,164,754
91$157,350,197$29,363,116$17,423,598$107,445,247
92$173,322,793$30,724,784$17,930,165$117,642,513
93$190,922,165$32,150,745$18,451,272$128,848,784
94$210,314,166$33,644,073$18,987,331$141,165,644
95$231,681,567$35,207,988$19,538,762$154,704,978
96$255,225,776$36,845,869$20,106,000$169,590,022
97$281,168,745$38,561,256$20,689,490$185,956,516
98$309,755,059$40,357,860$21,289,691$203,953,977
99$341,254,251$42,239,571$21,907,071$223,747,103
100$375,963,342$44,210,468$22,542,116$245,517,313