Can I retire at age 59 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$586,311$581,089$575,993$571,020$566,164$558,395
2 years$290,253$284,847$279,608$274,529$269,602$261,789
3 years$191,580$186,151$180,925$175,893$171,047$163,432
4 years$142,253$136,841$131,667$126,721$121,992$114,634
5 years$112,665$107,285$102,179$97,334$92,736$85,657
6 years$92,945$87,606$82,576$77,839$73,379$66,587
7 years$78,866$73,571$68,621$63,996$59,677$53,174
8 years$68,311$63,064$58,196$53,684$49,508$43,293
9 years$60,106$54,909$50,124$45,727$41,693$35,764
10 years$53,546$48,399$43,699$39,417$35,524$29,877
11 years$48,182$43,087$38,472$34,305$30,552$25,180
12 years$43,715$38,673$34,143$30,090$26,476$21,374
13 years$39,939$34,949$30,505$26,565$23,087$18,248
14 years$36,704$31,768$27,409$23,581$20,238$15,655
15 years$33,904$29,020$24,746$21,030$17,819$13,483
16 years$31,456$26,625$22,436$18,830$15,749$11,652
17 years$29,298$24,521$20,416$16,919$13,964$10,098
18 years$27,382$22,659$18,637$15,247$12,416$8,773
19 years$25,670$21,000$17,061$13,777$11,067$7,637
20 years$24,131$19,514$15,658$12,478$9,885$6,660
21 years$22,740$18,177$14,402$11,325$8,846$5,817
22 years$21,477$16,967$13,274$10,297$7,929$5,088
23 years$20,326$15,869$12,256$9,377$7,118$4,455
24 years$19,273$14,868$11,335$8,553$6,398$3,904
25 years$18,305$13,953$10,498$7,811$5,757$3,425
26 years$17,413$13,114$9,737$7,142$5,186$3,006
27 years$16,589$12,341$9,041$6,537$4,675$2,641
28 years$15,824$11,629$8,405$5,989$4,218$2,321
29 years$15,114$10,971$7,822$5,492$3,809$2,041
30 years$14,453$10,361$7,286$5,041$3,442$1,796
31 years$13,835$9,794$6,792$4,629$3,112$1,581
32 years$13,257$9,268$6,337$4,255$2,815$1,392
33 years$12,715$8,777$5,917$3,912$2,547$1,226
34 years$12,206$8,318$5,529$3,600$2,306$1,080
35 years$11,728$7,890$5,169$3,314$2,089$951
36 years$11,276$7,488$4,835$3,052$1,893$838
37 years$10,851$7,112$4,526$2,812$1,715$739
38 years$10,448$6,759$4,238$2,592$1,555$651
39 years$10,068$6,427$3,971$2,390$1,410$574
40 years$9,707$6,115$3,722$2,204$1,279$506
41 years$9,364$5,821$3,490$2,034$1,161$447
42 years$9,039$5,544$3,274$1,877$1,053$394
43 years$8,730$5,282$3,072$1,733$956$347
44 years$8,436$5,035$2,883$1,600$867$307
45 years$8,155$4,801$2,707$1,477$788$270
46 years$7,888$4,580$2,543$1,365$715$239
47 years$7,633$4,371$2,389$1,261$649$210
48 years$7,389$4,173$2,245$1,165$590$186
49 years$7,155$3,985$2,110$1,077$536$164
50 years$6,932$3,806$1,984$995$486$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,100,000, adding $6,799 every year, while hoping to spend $33,481 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: 51/24/25 Blend
58$7,100,000$7,100,000$7,100,000$7,100,000
59$7,831,213$7,454,913$7,344,863$8,175,370
60$8,594,373$7,784,580$7,555,293$8,744,725
61$9,434,254$8,129,279$7,771,649$9,359,518
62$10,358,645$8,489,711$7,994,096$10,027,344
63$11,376,129$8,866,609$8,222,801$10,753,257
64$12,496,166$9,260,745$8,457,937$11,542,809
65$13,729,176$9,672,922$8,699,678$12,402,107
66$15,086,642$10,103,986$8,948,208$13,337,864
67$16,581,219$10,554,820$9,203,712$14,357,461
68$18,226,848$11,026,351$9,466,381$15,469,018
69$20,038,893$11,519,549$9,736,412$16,681,464
70$22,034,283$12,035,430$10,014,005$18,004,621
71$24,231,673$12,575,059$10,299,367$19,449,296
72$26,651,618$13,139,552$10,592,710$21,027,377
73$29,316,770$13,730,076$10,894,253$22,751,944
74$32,252,087$14,347,857$11,204,217$24,637,392
75$35,485,075$14,994,177$11,522,833$26,699,561
76$39,046,041$15,670,380$11,850,336$28,955,883
77$42,968,382$16,377,873$12,186,968$31,425,546
78$47,288,900$17,118,133$12,532,975$34,129,668
79$52,048,151$17,892,704$12,888,612$37,091,498
80$57,290,822$18,703,206$13,254,140$40,336,625
81$63,066,159$19,551,336$13,629,827$43,893,224
82$69,428,428$20,438,873$14,015,947$47,792,312
83$76,437,429$21,367,679$14,412,783$52,068,039
84$84,159,058$22,339,706$14,820,622$56,758,007
85$92,665,930$23,357,000$15,239,761$61,903,619
86$102,038,067$24,421,705$15,670,505$67,550,467
87$112,363,649$25,536,067$16,113,166$73,748,756
88$123,739,847$26,702,441$16,568,063$80,553,774
89$136,273,744$27,923,293$17,035,526$88,026,410
90$150,083,340$29,201,208$17,515,890$96,233,720
91$165,298,669$30,538,896$18,009,500$105,249,558
92$182,063,027$31,939,195$18,516,712$115,155,264
93$200,534,322$33,405,082$19,037,888$126,040,430
94$220,886,566$34,939,674$19,573,401$138,003,736
95$243,311,518$36,546,241$20,123,632$151,153,875
96$268,020,493$38,228,207$20,688,974$165,610,575
97$295,246,356$39,989,161$21,269,827$181,505,718
98$325,245,722$41,832,868$21,866,604$198,984,580
99$358,301,376$43,763,269$22,479,726$218,207,195
100$394,724,946$45,784,499$23,109,627$239,349,857