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%11.7%
1 years$569,796$564,720$559,768$554,935$550,216$546,290
2 years$282,077$276,824$271,732$266,796$262,007$258,049
3 years$186,183$180,907$175,829$170,939$166,228$162,360
4 years$138,246$132,986$127,958$123,152$118,555$114,806
5 years$109,491$104,263$99,301$94,592$90,124$86,506
6 years$90,327$85,138$80,250$75,646$71,312$67,829
7 years$76,644$71,499$66,688$62,193$57,996$54,649
8 years$66,387$61,288$56,557$52,172$48,113$44,904
9 years$58,413$53,362$48,712$44,439$40,518$37,445
10 years$52,037$47,036$42,468$38,307$34,524$31,584
11 years$46,825$41,873$37,389$33,338$29,691$26,885
12 years$42,484$37,583$33,181$29,242$25,730$23,053
13 years$38,814$33,964$29,645$25,817$22,437$19,887
14 years$35,670$30,873$26,637$22,917$19,668$17,242
15 years$32,949$28,203$24,049$20,438$17,317$15,012
16 years$30,570$25,875$21,804$18,300$15,305$13,117
17 years$28,473$23,830$19,841$16,442$13,571$11,496
18 years$26,611$22,020$18,112$14,818$12,066$10,101
19 years$24,947$20,408$16,581$13,389$10,755$8,896
20 years$23,451$18,964$15,217$12,127$9,607$7,850
21 years$22,099$17,665$13,997$11,006$8,597$6,938
22 years$20,872$16,489$12,900$10,007$7,706$6,142
23 years$19,754$15,422$11,911$9,113$6,917$5,444
24 years$18,730$14,449$11,016$8,312$6,217$4,830
25 years$17,789$13,560$10,203$7,591$5,595$4,290
26 years$16,922$12,744$9,463$6,941$5,039$3,814
27 years$16,121$11,994$8,787$6,353$4,543$3,393
28 years$15,379$11,302$8,168$5,821$4,100$3,021
29 years$14,688$10,662$7,601$5,338$3,702$2,691
30 years$14,045$10,069$7,080$4,899$3,345$2,399
31 years$13,445$9,519$6,601$4,499$3,024$2,139
32 years$12,883$9,006$6,159$4,135$2,736$1,908
33 years$12,357$8,529$5,750$3,802$2,476$1,703
34 years$11,862$8,084$5,373$3,498$2,241$1,521
35 years$11,397$7,667$5,023$3,220$2,030$1,358
36 years$10,959$7,277$4,699$2,966$1,839$1,213
37 years$10,545$6,912$4,398$2,733$1,667$1,084
38 years$10,154$6,569$4,119$2,519$1,511$969
39 years$9,784$6,246$3,859$2,322$1,371$866
40 years$9,433$5,943$3,617$2,142$1,243$774
41 years$9,101$5,657$3,392$1,976$1,128$692
42 years$8,785$5,388$3,181$1,824$1,023$619
43 years$8,484$5,133$2,985$1,684$929$553
44 years$8,198$4,893$2,802$1,555$843$495
45 years$7,926$4,666$2,631$1,436$765$443
46 years$7,666$4,451$2,471$1,326$695$396
47 years$7,418$4,248$2,322$1,225$631$354
48 years$7,180$4,055$2,182$1,132$573$317
49 years$6,954$3,872$2,051$1,046$520$284
50 years$6,737$3,699$1,928$967$473$254

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 $6,301 every year, while hoping to spend $58,750 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: 39/38/23 Blend
58$6,900,000$6,900,000$6,900,000$6,900,000
59$7,610,299$7,244,599$7,137,649$7,854,822
60$8,324,040$7,537,075$7,314,251$8,324,701
61$9,108,614$7,841,913$7,494,800$8,826,457
62$9,971,183$8,159,657$7,679,366$9,367,838
63$10,919,639$8,490,876$7,868,020$9,952,478
64$11,962,676$8,836,163$8,060,833$10,584,369
65$13,109,874$9,196,140$8,257,876$11,267,891
66$14,371,787$9,571,457$8,459,221$12,007,857
67$15,760,044$9,962,792$8,664,939$12,809,553
68$17,287,456$10,370,857$8,875,102$13,678,785
69$18,968,140$10,796,393$9,089,781$14,621,934
70$20,817,651$11,240,177$9,309,050$15,646,012
71$22,853,128$11,703,021$9,532,979$16,758,725
72$25,093,453$12,185,776$9,761,640$17,968,544
73$27,559,435$12,689,328$9,995,105$19,284,784
74$30,274,000$13,214,608$10,233,443$20,717,686
75$33,262,410$13,762,586$10,476,727$22,278,511
76$36,552,504$14,334,281$10,725,024$23,979,645
77$40,174,953$14,930,754$10,978,406$25,834,711
78$44,163,555$15,553,118$11,236,940$27,858,695
79$48,555,554$16,202,537$11,500,694$30,068,082
80$53,391,987$16,880,228$11,769,733$32,481,013
81$58,718,075$17,587,464$12,044,125$35,117,443
82$64,583,647$18,325,579$12,323,931$37,999,337
83$71,043,612$19,095,965$12,609,216$41,150,863
84$78,158,475$19,900,082$12,900,039$44,598,622
85$85,994,909$20,739,455$13,196,460$48,371,890
86$94,626,383$21,615,683$13,498,536$52,502,895
87$104,133,858$22,530,435$13,806,321$57,027,110
88$114,606,547$23,485,461$14,119,867$61,983,587
89$126,142,757$24,482,591$14,439,225$67,415,318
90$138,850,820$25,523,740$14,764,441$73,369,638
91$152,850,114$26,610,913$15,095,559$79,898,661
92$168,272,185$27,746,207$15,432,620$87,059,772
93$185,261,995$28,931,819$15,775,660$94,916,154
94$203,979,286$30,170,046$16,124,713$103,537,387
95$224,600,089$31,463,294$16,479,807$113,000,092
96$247,318,384$32,814,081$16,840,966$123,388,646
97$272,347,931$34,225,042$17,208,210$134,795,976
98$299,924,288$35,698,938$17,581,553$147,324,422
99$330,307,036$37,238,656$17,961,005$161,086,703
100$363,782,223$38,847,220$18,346,569$176,206,961