Can I retire at age 59 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$602,827$597,458$592,219$587,105$582,112$573,887
2 years$298,429$292,871$287,485$282,262$277,196$268,926
3 years$196,977$191,395$186,022$180,848$175,865$167,805
4 years$146,260$140,695$135,376$130,291$125,428$117,642
5 years$115,838$110,307$105,057$100,076$95,349$87,859
6 years$95,564$90,074$84,902$80,031$75,446$68,261
7 years$81,087$75,644$70,554$65,798$61,358$54,481
8 years$70,235$64,841$59,835$55,197$50,902$44,332
9 years$61,799$56,456$51,536$47,015$42,867$36,600
10 years$55,054$49,763$44,930$40,528$36,525$30,557
11 years$49,539$44,301$39,556$35,271$31,413$25,737
12 years$44,947$39,762$35,105$30,938$27,221$21,833
13 years$41,064$35,933$31,364$27,313$23,738$18,628
14 years$37,738$32,662$28,181$24,246$20,808$15,970
15 years$34,859$29,838$25,443$21,623$18,321$13,745
16 years$32,342$27,376$23,068$19,361$16,192$11,870
17 years$30,123$25,212$20,991$17,396$14,357$10,280
18 years$28,153$23,297$19,162$15,677$12,766$8,924
19 years$26,393$21,591$17,542$14,165$11,378$7,763
20 years$24,810$20,064$16,099$12,830$10,163$6,765
21 years$23,381$18,689$14,808$11,644$9,095$5,905
22 years$22,082$17,445$13,648$10,587$8,153$5,160
23 years$20,899$16,316$12,602$9,642$7,318$4,514
24 years$19,816$15,287$11,654$8,794$6,578$3,954
25 years$18,821$14,346$10,794$8,031$5,919$3,465
26 years$17,904$13,483$10,011$7,343$5,332$3,040
27 years$17,056$12,689$9,296$6,721$4,807$2,668
28 years$16,270$11,957$8,642$6,158$4,337$2,343
29 years$15,540$11,280$8,042$5,647$3,916$2,059
30 years$14,860$10,653$7,491$5,183$3,539$1,810
31 years$14,225$10,070$6,984$4,760$3,199$1,592
32 years$13,630$9,529$6,516$4,374$2,894$1,400
33 years$13,073$9,024$6,084$4,023$2,619$1,232
34 years$12,550$8,552$5,684$3,701$2,371$1,084
35 years$12,058$8,112$5,314$3,407$2,148$955
36 years$11,594$7,699$4,972$3,138$1,946$841
37 years$11,156$7,313$4,653$2,891$1,764$740
38 years$10,743$6,950$4,358$2,665$1,599$652
39 years$10,351$6,608$4,083$2,457$1,450$574
40 years$9,980$6,287$3,827$2,266$1,315$506
41 years$9,628$5,985$3,588$2,091$1,193$446
42 years$9,294$5,700$3,366$1,930$1,083$393
43 years$8,976$5,431$3,158$1,781$983$346
44 years$8,673$5,177$2,965$1,645$892$305
45 years$8,385$4,936$2,784$1,519$810$269
46 years$8,110$4,709$2,615$1,403$735$237
47 years$7,848$4,494$2,456$1,296$668$209
48 years$7,597$4,290$2,308$1,198$606$184
49 years$7,357$4,097$2,170$1,107$551$162
50 years$7,127$3,913$2,040$1,023$500$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,300,000, adding $3,822 every year, while hoping to spend $36,262 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: 39/37/24 Blend
58$7,300,000$7,300,000$7,300,000$7,300,000
59$8,048,542$7,661,642$7,548,492$8,304,884
60$8,830,911$7,998,480$7,762,784$8,827,825
61$9,691,866$8,350,608$7,983,040$9,389,230
62$10,639,385$8,718,736$8,209,420$9,995,570
63$11,682,258$9,103,610$8,442,091$10,650,954
64$12,830,170$9,506,008$8,681,223$11,359,889
65$14,093,793$9,926,748$8,926,989$12,127,321
66$15,484,886$10,366,686$9,179,570$12,958,682
67$17,016,407$10,826,716$9,439,148$13,859,932
68$18,702,633$11,307,777$9,705,912$14,837,621
69$20,559,297$11,810,853$9,980,055$15,898,938
70$22,603,733$12,336,973$10,261,775$17,051,782
71$24,855,045$12,887,216$10,551,276$18,304,834
72$27,334,281$13,462,711$10,848,765$19,667,629
73$30,064,636$14,064,642$11,154,457$21,150,648
74$33,071,668$14,694,249$11,468,571$22,765,413
75$36,383,542$15,352,831$11,791,331$24,524,586
76$40,031,291$16,041,747$12,122,968$26,442,092
77$44,049,114$16,762,425$12,463,720$28,533,240
78$48,474,696$17,516,356$12,813,827$30,814,867
79$53,349,564$18,305,106$13,173,539$33,305,488
80$58,719,477$19,130,314$13,543,110$36,025,470
81$64,634,862$19,993,697$13,922,802$38,997,217
82$71,151,285$20,897,055$14,312,883$42,245,375
83$78,329,978$21,842,273$14,713,627$45,797,060
84$86,238,418$22,831,327$15,125,315$49,682,110
85$94,950,960$23,866,285$15,548,237$53,933,355
86$104,549,543$24,949,318$15,982,688$58,586,926
87$115,124,459$26,082,698$16,428,970$63,682,588
88$126,775,209$27,268,805$16,887,396$69,264,104
89$139,611,439$28,510,135$17,358,282$75,379,646
90$153,753,976$29,809,302$17,841,956$82,082,239
91$169,335,971$31,169,048$18,338,751$89,430,255
92$186,504,151$32,592,242$18,849,010$97,487,954
93$205,420,207$34,081,894$19,373,083$106,326,082
94$226,262,318$35,641,156$19,911,332$116,022,532
95$249,226,836$37,273,334$20,464,123$126,663,064
96$274,530,135$38,981,890$21,031,833$138,342,110
97$302,410,660$40,770,454$21,614,851$151,163,654
98$333,131,170$42,642,828$22,213,570$165,242,198
99$366,981,222$44,602,999$22,828,398$180,703,836
100$404,279,905$46,655,145$23,459,748$197,687,433