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%13.8%
1 years$553,280$548,351$543,543$538,850$534,267$525,849
2 years$273,901$268,800$263,856$259,063$254,413$245,954
3 years$180,787$175,664$170,732$165,984$161,410$153,173
4 years$134,239$129,131$124,249$119,582$115,119$107,167
5 years$106,317$101,241$96,423$91,850$87,512$79,868
6 years$87,709$82,671$77,924$73,454$69,245$61,919
7 years$74,423$69,427$64,755$60,390$56,315$49,308
8 years$64,463$59,511$54,917$50,660$46,718$40,031
9 years$56,720$51,815$47,300$43,151$39,344$32,971
10 years$50,529$45,673$41,238$37,197$33,523$27,460
11 years$45,467$40,660$36,305$32,372$28,831$23,071
12 years$41,252$36,494$32,220$28,395$24,984$19,521
13 years$37,689$32,980$28,786$25,068$21,787$16,612
14 years$34,636$29,978$25,864$22,253$19,098$14,203
15 years$31,994$27,385$23,352$19,846$16,815$12,191
16 years$29,684$25,125$21,172$17,770$14,862$10,499
17 years$27,647$23,140$19,266$15,966$13,177$9,067
18 years$25,839$21,382$17,587$14,388$11,717$7,848
19 years$24,224$19,817$16,100$13,001$10,443$6,807
20 years$22,771$18,415$14,776$11,775$9,328$5,915
21 years$21,459$17,152$13,591$10,687$8,348$5,146
22 years$20,267$16,011$12,526$9,717$7,482$4,484
23 years$19,181$14,975$11,566$8,849$6,717$3,911
24 years$18,187$14,031$10,696$8,071$6,037$3,414
25 years$17,274$13,167$9,907$7,371$5,432$2,983
26 years$16,432$12,375$9,188$6,739$4,893$2,608
27 years$15,654$11,646$8,532$6,169$4,412$2,282
28 years$14,933$10,974$7,932$5,652$3,981$1,998
29 years$14,263$10,353$7,381$5,183$3,595$1,750
30 years$13,638$9,777$6,875$4,757$3,248$1,533
31 years$13,055$9,243$6,410$4,369$2,936$1,344
32 years$12,510$8,745$5,980$4,015$2,656$1,178
33 years$11,999$8,282$5,584$3,692$2,404$1,033
34 years$11,519$7,850$5,217$3,397$2,176$906
35 years$11,067$7,445$4,878$3,127$1,971$795
36 years$10,641$7,067$4,563$2,880$1,786$698
37 years$10,239$6,712$4,271$2,654$1,619$613
38 years$9,860$6,378$3,999$2,446$1,468$538
39 years$9,500$6,065$3,747$2,255$1,331$472
40 years$9,160$5,771$3,512$2,080$1,207$414
41 years$8,837$5,493$3,293$1,919$1,095$364
42 years$8,530$5,231$3,089$1,771$994$320
43 years$8,238$4,984$2,899$1,635$902$281
44 years$7,961$4,751$2,721$1,510$819$247
45 years$7,696$4,531$2,555$1,394$743$217
46 years$7,444$4,322$2,400$1,288$675$190
47 years$7,203$4,125$2,254$1,190$613$167
48 years$6,972$3,938$2,119$1,099$556$147
49 years$6,752$3,760$1,991$1,016$505$129
50 years$6,542$3,592$1,872$939$459$113

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 $5,804 every year, while hoping to spend $52,742 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: 69/24/7 Blend
58$6,700,000$6,700,000$6,700,000$6,700,000
59$7,389,387$7,034,287$6,930,437$7,890,571
60$8,086,987$7,322,850$7,106,489$8,511,644
61$8,853,975$7,623,785$7,286,672$9,183,794
62$9,697,372$7,937,642$7,471,067$9,917,608
63$10,624,916$8,264,997$7,659,759$10,719,118
64$11,645,128$8,606,453$7,852,832$11,594,963
65$12,767,401$8,962,639$8,050,372$12,552,451
66$14,002,081$9,334,214$8,252,465$13,599,620
67$15,360,570$9,721,867$8,459,199$14,745,319
68$16,855,428$10,126,319$8,670,662$15,999,288
69$18,500,497$10,548,323$8,886,944$17,372,247
70$20,311,025$10,988,669$9,108,135$18,875,997
71$22,303,817$11,448,181$9,334,324$20,523,531
72$24,497,387$11,927,723$9,565,605$22,329,149
73$26,912,137$12,428,198$9,802,069$24,308,600
74$29,570,546$12,950,550$10,043,809$26,479,220
75$32,497,384$13,495,769$10,290,919$28,860,101
76$35,719,944$14,064,889$10,543,492$31,472,263
77$39,268,302$14,658,992$10,801,623$34,338,855
78$43,175,598$15,279,212$11,065,406$37,485,368
79$47,478,348$15,926,733$11,334,937$40,939,873
80$52,216,793$16,602,796$11,610,310$44,733,288
81$57,435,272$17,308,699$11,891,622$48,899,663
82$63,182,645$18,045,801$12,178,967$53,476,498
83$69,512,753$18,815,523$12,472,440$58,505,098
84$76,484,925$19,619,355$12,772,138$64,030,957
85$84,164,537$20,458,853$13,078,155$70,104,185
86$92,623,632$21,335,649$13,390,584$76,779,981
87$101,941,595$22,251,448$13,709,521$84,119,143
88$112,205,906$23,208,037$14,035,059$92,188,647
89$123,512,964$24,207,287$14,367,289$101,062,270
90$135,968,997$25,251,155$14,706,304$110,821,286
91$149,691,064$26,341,690$15,052,194$121,555,226
92$164,808,158$27,481,038$15,405,048$133,362,722
93$181,462,426$28,671,446$15,764,954$146,352,432
94$199,810,511$29,915,264$16,131,997$160,644,061
95$220,025,026$31,214,955$16,506,262$176,369,490
96$242,296,188$32,573,097$16,887,831$193,674,008
97$266,833,610$33,992,389$17,276,784$212,717,689
98$293,868,279$35,475,658$17,673,198$233,676,888
99$323,654,741$37,025,862$18,077,147$256,745,906
100$356,473,497$38,646,102$18,488,703$282,138,818