Can I retire at age 59 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$619,343$613,826$608,444$603,190$598,061$587,911
2 years$306,605$300,895$295,361$289,995$284,791$274,596
3 years$202,373$196,638$191,118$185,803$180,683$170,761
4 years$150,267$144,550$139,085$133,860$128,865$119,292
5 years$119,012$113,329$107,936$102,818$97,961$88,765
6 years$98,182$92,542$87,228$82,224$77,513$68,704
7 years$83,309$77,716$72,487$67,601$63,039$54,620
8 years$72,160$66,617$61,475$56,709$52,297$44,266
9 years$63,492$58,002$52,948$48,303$44,041$36,394
10 years$56,562$51,126$46,161$41,638$37,526$30,255
11 years$50,896$45,515$40,640$36,237$32,273$25,372
12 years$46,178$40,851$36,067$31,785$27,967$21,426
13 years$42,189$36,918$32,223$28,062$24,388$18,197
14 years$38,772$33,557$28,953$24,910$21,378$15,527
15 years$35,814$30,655$26,140$22,215$18,823$13,301
16 years$33,228$28,126$23,700$19,891$16,636$11,430
17 years$30,948$25,903$21,566$17,872$14,751$9,850
18 years$28,925$23,935$19,687$16,106$13,116$8,508
19 years$27,116$22,183$18,023$14,554$11,690$7,363
20 years$25,490$20,613$16,540$13,181$10,442$6,383
21 years$24,021$19,201$15,214$11,963$9,344$5,542
22 years$22,687$17,923$14,022$10,877$8,376$4,817
23 years$21,471$16,763$12,947$9,906$7,519$4,192
24 years$20,358$15,706$11,974$9,035$6,758$3,651
25 years$19,336$14,739$11,090$8,251$6,081$3,182
26 years$18,394$13,852$10,285$7,544$5,478$2,776
27 years$17,523$13,037$9,551$6,905$4,939$2,423
28 years$16,716$12,284$8,879$6,327$4,456$2,116
29 years$15,966$11,589$8,262$5,802$4,024$1,849
30 years$15,267$10,945$7,696$5,325$3,636$1,616
31 years$14,614$10,346$7,175$4,890$3,287$1,413
32 years$14,004$9,790$6,694$4,494$2,973$1,235
33 years$13,431$9,271$6,251$4,133$2,691$1,081
34 years$12,894$8,787$5,840$3,803$2,436$946
35 years$12,388$8,334$5,460$3,500$2,207$828
36 years$11,912$7,910$5,108$3,224$1,999$724
37 years$11,462$7,513$4,781$2,970$1,812$634
38 years$11,037$7,140$4,477$2,738$1,643$555
39 years$10,635$6,789$4,194$2,524$1,490$486
40 years$10,254$6,460$3,931$2,328$1,351$426
41 years$9,892$6,149$3,686$2,148$1,226$373
42 years$9,549$5,856$3,458$1,983$1,112$327
43 years$9,222$5,580$3,245$1,830$1,010$286
44 years$8,911$5,319$3,046$1,690$916$251
45 years$8,615$5,072$2,860$1,561$832$220
46 years$8,332$4,838$2,686$1,442$755$192
47 years$8,063$4,617$2,524$1,332$686$169
48 years$7,805$4,408$2,372$1,231$623$148
49 years$7,558$4,209$2,229$1,137$566$129
50 years$7,323$4,021$2,096$1,051$514$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,500,000, adding $4,939 every year, while hoping to spend $26,135 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: 32/44/24 Blend
58$7,500,000$7,500,000$7,500,000$7,500,000
59$8,270,095$7,872,595$7,756,345$8,473,608
60$9,085,837$8,230,544$7,988,375$8,986,087
61$9,983,909$8,605,158$8,227,302$9,535,007
62$10,972,681$8,997,223$8,473,330$10,125,731
63$12,061,375$9,407,568$8,726,667$10,761,943
64$13,260,155$9,837,059$8,987,530$11,447,680
65$14,580,219$10,286,603$9,256,141$12,187,367
66$16,033,907$10,757,152$9,532,727$12,985,850
67$17,634,815$11,249,703$9,817,523$13,848,443
68$19,397,928$11,765,300$10,110,772$14,780,971
69$21,339,756$12,305,039$10,412,722$15,789,825
70$23,478,493$12,870,067$10,723,630$16,882,013
71$25,834,186$13,461,587$11,043,758$18,065,226
72$28,428,928$14,080,860$11,373,379$19,347,903
73$31,287,062$14,729,206$11,712,771$20,739,308
74$34,435,416$15,408,010$12,062,222$22,249,611
75$37,903,549$16,118,723$12,422,027$23,889,981
76$41,724,037$16,862,867$12,792,491$25,672,682
77$45,932,776$17,642,035$13,173,927$27,611,185
78$50,569,323$18,457,898$13,566,657$29,720,291
79$55,677,266$19,312,207$13,971,012$32,016,263
80$61,304,641$20,206,799$14,387,335$34,516,971
81$67,504,379$21,143,596$14,815,975$37,242,056
82$74,334,810$22,124,617$15,257,295$40,213,109
83$81,860,212$23,151,975$15,711,666$43,453,864
84$90,151,418$24,227,886$16,179,471$46,990,418
85$99,286,483$25,354,673$16,661,103$50,851,466
86$109,351,422$26,534,770$17,156,968$55,068,565
87$120,441,023$27,770,730$17,667,483$59,676,422
88$132,659,740$29,065,228$18,193,077$64,713,213
89$146,122,679$30,421,070$18,734,190$70,220,933
90$160,956,685$31,841,194$19,291,277$76,245,784
91$177,301,537$33,328,684$19,864,806$82,838,595
92$195,311,274$34,886,769$20,455,257$90,055,296
93$215,155,641$36,518,838$21,063,125$97,957,434
94$237,021,696$38,228,441$21,688,920$106,612,738
95$261,115,574$40,019,299$22,333,163$116,095,746
96$287,664,434$41,895,316$22,996,396$126,488,500
97$316,918,603$43,860,583$23,679,171$137,881,301
98$349,153,937$45,919,389$24,382,060$150,373,548
99$384,674,429$48,076,229$25,105,650$164,074,662
100$423,815,075$50,335,818$25,850,543$179,105,101