Can I retire at age 59 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$569,796$564,720$559,768$554,935$550,216$529,012
2 years$282,077$276,824$271,732$266,796$262,007$240,898
3 years$186,183$180,907$175,829$170,939$166,228$145,877
4 years$138,246$132,986$127,958$123,152$118,555$99,118
5 years$109,491$104,263$99,301$94,592$90,124$71,650
6 years$90,327$85,138$80,250$75,646$71,312$53,814
7 years$76,644$71,499$66,688$62,193$57,996$41,468
8 years$66,387$61,288$56,557$52,172$48,113$32,539
9 years$58,413$53,362$48,712$44,439$40,518$25,876
10 years$52,037$47,036$42,468$38,307$34,524$20,785
11 years$46,825$41,873$37,389$33,338$29,691$16,826
12 years$42,484$37,583$33,181$29,242$25,730$13,704
13 years$38,814$33,964$29,645$25,817$22,437$11,216
14 years$35,670$30,873$26,637$22,917$19,668$9,214
15 years$32,949$28,203$24,049$20,438$17,317$7,594
16 years$30,570$25,875$21,804$18,300$15,305$6,274
17 years$28,473$23,830$19,841$16,442$13,571$5,194
18 years$26,611$22,020$18,112$14,818$12,066$4,308
19 years$24,947$20,408$16,581$13,389$10,755$3,577
20 years$23,451$18,964$15,217$12,127$9,607$2,974
21 years$22,099$17,665$13,997$11,006$8,597$2,475
22 years$20,872$16,489$12,900$10,007$7,706$2,062
23 years$19,754$15,422$11,911$9,113$6,917$1,718
24 years$18,730$14,449$11,016$8,312$6,217$1,433
25 years$17,789$13,560$10,203$7,591$5,595$1,195
26 years$16,922$12,744$9,463$6,941$5,039$997
27 years$16,121$11,994$8,787$6,353$4,543$833
28 years$15,379$11,302$8,168$5,821$4,100$695
29 years$14,688$10,662$7,601$5,338$3,702$581
30 years$14,045$10,069$7,080$4,899$3,345$485
31 years$13,445$9,519$6,601$4,499$3,024$405
32 years$12,883$9,006$6,159$4,135$2,736$339
33 years$12,357$8,529$5,750$3,802$2,476$283
34 years$11,862$8,084$5,373$3,498$2,241$237
35 years$11,397$7,667$5,023$3,220$2,030$198
36 years$10,959$7,277$4,699$2,966$1,839$165
37 years$10,545$6,912$4,398$2,733$1,667$138
38 years$10,154$6,569$4,119$2,519$1,511$115
39 years$9,784$6,246$3,859$2,322$1,371$97
40 years$9,433$5,943$3,617$2,142$1,243$81
41 years$9,101$5,657$3,392$1,976$1,128$67
42 years$8,785$5,388$3,181$1,824$1,023$56
43 years$8,484$5,133$2,985$1,684$929$47
44 years$8,198$4,893$2,802$1,555$843$39
45 years$7,926$4,666$2,631$1,436$765$33
46 years$7,666$4,451$2,471$1,326$695$28
47 years$7,418$4,248$2,322$1,225$631$23
48 years$7,180$4,055$2,182$1,132$573$19
49 years$6,954$3,872$2,051$1,046$520$16
50 years$6,737$3,699$1,928$967$473$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,900,000, adding $4,069 every year, while hoping to spend $30,581 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: 41/50/9 Blend
58$6,900,000$6,900,000$6,900,000$6,900,000
59$7,607,997$7,242,297$7,135,347$7,899,433
60$8,351,475$7,564,632$7,341,843$8,426,170
61$9,169,762$7,901,736$7,554,232$8,992,527
62$10,070,458$8,254,301$7,772,679$9,604,791
63$11,061,934$8,623,051$7,997,353$10,267,143
64$12,153,416$9,008,745$8,228,429$10,984,164
65$13,355,069$9,412,177$8,466,085$11,760,881
66$14,678,093$9,834,181$8,710,506$12,602,809
67$16,134,831$10,275,629$8,961,881$13,515,999
68$17,738,883$10,737,434$9,220,403$14,507,093
69$19,505,235$11,220,554$9,486,272$15,583,384
70$21,450,399$11,725,992$9,759,693$16,752,876
71$23,592,573$12,254,799$10,040,876$18,024,364
72$25,951,807$12,808,075$10,330,037$19,407,502
73$28,550,196$13,386,975$10,627,397$20,912,902
74$31,412,086$13,992,707$10,933,186$22,552,217
75$34,564,307$14,626,538$11,247,636$24,338,256
76$38,036,422$15,289,795$11,570,988$26,285,095
77$41,861,010$15,983,867$11,903,488$28,408,205
78$46,073,969$16,710,213$12,245,391$30,724,595
79$50,714,859$17,470,358$12,596,957$33,252,963
80$55,827,272$18,265,903$12,958,452$36,013,870
81$61,459,245$19,098,524$13,330,152$39,029,923
82$67,663,714$19,969,977$13,712,337$42,325,989
83$74,499,011$20,882,104$14,105,299$45,929,415
84$82,029,416$21,836,833$14,509,332$49,870,284
85$90,325,765$22,836,186$14,924,743$54,181,690
86$99,466,116$23,882,283$15,351,845$58,900,042
87$109,536,487$24,977,342$15,790,960$64,065,400
88$120,631,668$26,123,691$16,242,416$69,721,841
89$132,856,115$27,323,769$16,706,554$75,917,873
90$146,324,937$28,580,131$17,183,721$82,706,876
91$161,164,979$29,895,456$17,674,275$90,147,601
92$177,516,025$31,272,551$18,178,581$98,304,711
93$195,532,112$32,714,359$18,697,016$107,249,381
94$215,382,988$34,223,964$19,229,967$117,059,962
95$237,255,711$35,804,596$19,777,829$127,822,701
96$261,356,418$37,459,645$20,341,010$139,632,550
97$287,912,266$39,192,661$20,919,927$152,594,045
98$317,173,581$41,007,366$21,515,009$166,822,281
99$349,416,220$42,907,661$22,126,696$182,443,982
100$384,944,173$44,897,635$22,755,438$199,598,683