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%17.5%
1 years$569,796$564,720$559,768$554,935$550,216$533,458
2 years$282,077$276,824$271,732$266,796$262,007$245,268
3 years$186,183$180,907$175,829$170,939$166,228$150,032
4 years$138,246$132,986$127,958$123,152$118,555$103,027
5 years$109,491$104,263$99,301$94,592$90,124$75,305
6 years$90,327$85,138$80,250$75,646$71,312$57,215
7 years$76,644$71,499$66,688$62,193$57,996$44,621
8 years$66,387$61,288$56,557$52,172$48,113$35,452
9 years$58,413$53,362$48,712$44,439$40,518$28,556
10 years$52,037$47,036$42,468$38,307$34,524$23,244
11 years$46,825$41,873$37,389$33,338$29,691$19,075
12 years$42,484$37,583$33,181$29,242$25,730$15,755
13 years$38,814$33,964$29,645$25,817$22,437$13,079
14 years$35,670$30,873$26,637$22,917$19,668$10,904
15 years$32,949$28,203$24,049$20,438$17,317$9,121
16 years$30,570$25,875$21,804$18,300$15,305$7,651
17 years$28,473$23,830$19,841$16,442$13,571$6,433
18 years$26,611$22,020$18,112$14,818$12,066$5,420
19 years$24,947$20,408$16,581$13,389$10,755$4,573
20 years$23,451$18,964$15,217$12,127$9,607$3,864
21 years$22,099$17,665$13,997$11,006$8,597$3,268
22 years$20,872$16,489$12,900$10,007$7,706$2,767
23 years$19,754$15,422$11,911$9,113$6,917$2,344
24 years$18,730$14,449$11,016$8,312$6,217$1,988
25 years$17,789$13,560$10,203$7,591$5,595$1,686
26 years$16,922$12,744$9,463$6,941$5,039$1,431
27 years$16,121$11,994$8,787$6,353$4,543$1,215
28 years$15,379$11,302$8,168$5,821$4,100$1,032
29 years$14,688$10,662$7,601$5,338$3,702$877
30 years$14,045$10,069$7,080$4,899$3,345$746
31 years$13,445$9,519$6,601$4,499$3,024$634
32 years$12,883$9,006$6,159$4,135$2,736$539
33 years$12,357$8,529$5,750$3,802$2,476$458
34 years$11,862$8,084$5,373$3,498$2,241$390
35 years$11,397$7,667$5,023$3,220$2,030$331
36 years$10,959$7,277$4,699$2,966$1,839$282
37 years$10,545$6,912$4,398$2,733$1,667$240
38 years$10,154$6,569$4,119$2,519$1,511$204
39 years$9,784$6,246$3,859$2,322$1,371$174
40 years$9,433$5,943$3,617$2,142$1,243$148
41 years$9,101$5,657$3,392$1,976$1,128$126
42 years$8,785$5,388$3,181$1,824$1,023$107
43 years$8,484$5,133$2,985$1,684$929$91
44 years$8,198$4,893$2,802$1,555$843$77
45 years$7,926$4,666$2,631$1,436$765$66
46 years$7,666$4,451$2,471$1,326$695$56
47 years$7,418$4,248$2,322$1,225$631$48
48 years$7,180$4,055$2,182$1,132$573$41
49 years$6,954$3,872$2,051$1,046$520$35
50 years$6,737$3,699$1,928$967$473$29

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 $5,030 every year, while hoping to spend $33,545 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: 27/49/24 Blend
58$6,900,000$6,900,000$6,900,000$6,900,000
59$7,608,988$7,243,288$7,136,338$7,756,889
60$8,349,414$7,562,518$7,339,714$8,194,164
61$9,164,238$7,896,265$7,548,779$8,660,080
62$10,061,015$8,245,207$7,763,687$9,159,641
63$11,048,066$8,610,050$7,984,599$9,695,728
64$12,134,563$8,991,537$8,211,677$10,271,490
65$13,330,610$9,390,444$8,445,090$10,890,375
66$14,647,341$9,807,584$8,685,009$11,556,158
67$16,097,024$10,243,810$8,931,611$12,272,969
68$17,693,178$10,700,014$9,185,078$13,045,335
69$19,450,699$11,177,131$9,445,594$13,878,215
70$21,386,000$11,676,141$9,713,352$14,777,044
71$23,517,170$12,198,069$9,988,546$15,747,779
72$25,864,137$12,743,990$10,271,379$16,796,952
73$28,448,863$13,315,031$10,562,054$17,931,729
74$31,295,550$13,912,369$10,860,785$19,159,967
75$34,430,862$14,537,242$11,167,788$20,490,291
76$37,884,186$15,190,943$11,483,285$21,932,165
77$41,687,903$15,874,828$11,807,505$23,495,976
78$45,877,693$16,590,320$12,140,681$25,193,131
79$50,492,878$17,338,905$12,483,054$27,036,152
80$55,576,785$18,122,145$12,834,869$29,038,796
81$61,177,160$18,941,673$13,196,380$31,216,171
82$67,346,616$19,799,201$13,567,845$33,584,875
83$74,143,133$20,696,524$13,949,529$36,163,150
84$81,630,600$21,635,521$14,341,706$38,971,037
85$89,879,422$22,618,162$14,744,654$42,030,567
86$98,967,183$23,646,512$15,158,660$45,365,957
87$108,979,377$24,722,732$15,584,016$49,003,828
88$120,010,217$25,849,090$16,021,025$52,973,454
89$132,163,524$27,027,960$16,469,994$57,307,022
90$145,553,705$28,261,831$16,931,240$62,039,931
91$160,306,833$29,553,312$17,405,087$67,211,113
92$176,561,840$30,905,134$17,891,867$72,863,394
93$194,471,824$32,320,162$18,391,921$79,043,884
94$214,205,498$33,801,398$18,905,599$85,804,410
95$235,948,780$35,351,987$19,433,257$93,201,998
96$259,906,547$36,975,227$19,975,263$101,299,390
97$286,304,573$38,674,571$20,531,993$110,165,635
98$315,391,656$40,453,641$21,103,831$119,876,715
99$347,441,968$42,316,232$21,691,172$130,516,257
100$382,757,643$44,266,322$22,294,420$142,176,303