Can I retire at age 59 with 6,800,000?

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 $6,800,000?

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$561,538$556,536$551,656$546,893$542,242$522,794
2 years$277,989$272,812$267,794$262,929$258,210$238,828
3 years$183,485$178,285$173,280$168,461$163,819$145,111
4 years$136,242$131,059$126,104$121,367$116,837$98,946
5 years$107,904$102,752$97,862$93,221$88,818$71,790
6 years$89,018$83,904$79,087$74,550$70,279$54,127
7 years$75,534$70,463$65,722$61,292$57,155$41,877
8 years$65,425$60,400$55,737$51,416$47,416$32,997
9 years$57,566$52,589$48,006$43,795$39,931$26,353
10 years$51,283$46,354$41,853$37,752$34,023$21,263
11 years$46,146$41,267$36,847$32,855$29,261$17,291
12 years$41,868$37,039$32,701$28,819$25,357$14,149
13 years$38,251$33,472$29,216$25,442$22,112$11,635
14 years$35,153$30,425$26,250$22,585$19,383$9,606
15 years$32,471$27,794$23,701$20,142$17,066$7,956
16 years$30,127$25,500$21,488$18,035$15,083$6,607
17 years$28,060$23,485$19,553$16,204$13,374$5,498
18 years$26,225$21,701$17,850$14,603$11,891$4,584
19 years$24,585$20,112$16,341$13,195$10,599$3,827
20 years$23,111$18,689$14,997$11,951$9,467$3,199
21 years$21,779$17,408$13,794$10,846$8,472$2,677
22 years$20,570$16,250$12,713$9,862$7,594$2,241
23 years$19,467$15,198$11,738$8,981$6,817$1,878
24 years$18,458$14,240$10,856$8,191$6,127$1,575
25 years$17,531$13,364$10,055$7,481$5,514$1,321
26 years$16,677$12,560$9,325$6,840$4,966$1,109
27 years$15,888$11,820$8,659$6,261$4,478$931
28 years$15,156$11,138$8,050$5,736$4,040$782
29 years$14,476$10,507$7,491$5,260$3,648$657
30 years$13,842$9,923$6,978$4,828$3,296$552
31 years$13,250$9,381$6,505$4,434$2,980$464
32 years$12,697$8,876$6,070$4,075$2,696$390
33 years$12,178$8,406$5,667$3,747$2,440$328
34 years$11,690$7,967$5,295$3,448$2,209$275
35 years$11,232$7,556$4,950$3,174$2,001$231
36 years$10,800$7,172$4,631$2,923$1,813$195
37 years$10,392$6,812$4,335$2,693$1,643$164
38 years$10,007$6,474$4,059$2,482$1,489$138
39 years$9,642$6,156$3,803$2,289$1,351$116
40 years$9,297$5,857$3,565$2,111$1,225$97
41 years$8,969$5,575$3,342$1,948$1,111$82
42 years$8,657$5,309$3,135$1,798$1,009$69
43 years$8,361$5,059$2,942$1,659$915$58
44 years$8,079$4,822$2,762$1,532$831$49
45 years$7,811$4,598$2,593$1,415$754$41
46 years$7,555$4,387$2,435$1,307$685$34
47 years$7,310$4,186$2,288$1,208$622$29
48 years$7,076$3,996$2,150$1,116$565$24
49 years$6,853$3,816$2,021$1,031$513$20
50 years$6,639$3,645$1,900$953$466$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,800,000, adding $2,743 every year, while hoping to spend $25,197 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: 58/24/18 Blend
58$6,800,000$6,800,000$6,800,000$6,800,000
59$7,496,429$7,136,029$7,030,629$7,895,675
60$8,234,256$7,458,885$7,239,346$8,489,654
61$9,046,496$7,796,717$7,454,210$9,133,895
62$9,940,714$8,150,231$7,675,401$9,835,659
63$10,925,243$8,520,169$7,903,104$10,600,494
64$12,009,267$8,907,307$8,137,507$11,434,503
65$13,202,906$9,312,458$8,378,807$12,344,392
66$14,517,310$9,736,476$8,627,205$13,337,543
67$15,964,766$10,180,254$8,882,906$14,422,071
68$17,558,813$10,644,727$9,146,125$15,606,905
69$19,314,370$11,130,877$9,417,079$16,901,869
70$21,247,878$11,639,733$9,695,993$18,317,772
71$23,377,452$12,172,370$9,983,099$19,866,506
72$25,723,055$12,729,919$10,278,636$21,561,160
73$28,306,685$13,313,563$10,582,848$23,416,138
74$31,152,580$13,924,541$10,895,987$25,447,291
75$34,287,453$14,564,154$11,218,313$27,672,068
76$37,740,739$15,233,762$11,550,091$30,109,675
77$41,544,873$15,934,795$11,891,598$32,781,254
78$45,735,597$16,668,747$12,243,114$35,710,080
79$50,352,299$17,437,187$12,604,929$38,921,776
80$55,438,383$18,241,759$12,977,344$42,444,553
81$61,041,677$19,084,184$13,360,664$46,309,474
82$67,214,887$19,966,268$13,755,205$50,550,737
83$74,016,094$20,889,904$14,161,293$55,206,004
84$81,509,301$21,857,074$14,579,261$60,316,744
85$89,765,037$22,869,858$15,009,454$65,928,624
86$98,861,024$23,930,434$15,452,224$72,091,936
87$108,882,911$25,041,088$15,907,935$78,862,065
88$119,925,079$26,204,212$16,376,962$86,300,008
89$132,091,535$27,422,317$16,859,689$94,472,947
90$145,496,894$28,698,033$17,356,511$103,454,875
91$160,267,459$30,034,118$17,867,836$113,327,288
92$176,542,412$31,433,463$18,394,081$124,179,953
93$194,475,133$32,899,097$18,935,677$136,111,747
94$214,234,641$34,434,197$19,493,066$149,231,583
95$236,007,194$36,042,092$20,066,704$163,659,433
96$259,998,047$37,726,274$20,657,058$179,527,452
97$286,433,389$39,490,402$21,264,610$196,981,223
98$315,562,474$41,338,312$21,889,855$216,181,118
99$347,659,982$43,274,025$22,533,300$237,303,808
100$383,028,606$45,301,757$23,195,471$260,543,920