Can I retire at age 59 with 7,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$627,601$622,011$616,556$611,233$606,035$590,665
2 years$310,694$304,907$299,299$293,862$288,588$273,203
3 years$205,072$199,260$193,666$188,280$183,092$168,173
4 years$152,271$146,477$140,940$135,645$130,583$116,245
5 years$120,599$114,840$109,375$104,189$99,267$85,549
6 years$99,491$93,775$88,391$83,320$78,547$65,463
7 years$84,420$78,753$73,453$68,502$63,879$51,431
8 years$73,122$67,505$62,294$57,465$52,994$41,175
9 years$64,339$58,776$53,654$48,947$44,629$33,429
10 years$57,317$51,808$46,777$42,193$38,026$27,433
11 years$51,575$46,121$41,182$36,721$32,704$22,701
12 years$46,794$41,396$36,548$32,209$28,340$18,911
13 years$42,751$37,410$32,653$28,436$24,713$15,838
14 years$39,289$34,005$29,339$25,242$21,663$13,322
15 years$36,291$31,064$26,489$22,511$19,074$11,247
16 years$33,671$28,501$24,016$20,157$16,858$9,523
17 years$31,361$26,248$21,854$18,110$14,947$8,083
18 years$29,310$24,254$19,950$16,321$13,290$6,875
19 years$27,477$22,479$18,263$14,748$11,846$5,858
20 years$25,830$20,888$16,761$13,357$10,581$4,999
21 years$24,341$19,457$15,417$12,122$9,469$4,271
22 years$22,990$18,162$14,209$11,022$8,488$3,653
23 years$21,758$16,987$13,119$10,038$7,619$3,127
24 years$20,630$15,915$12,133$9,155$6,848$2,679
25 years$19,594$14,936$11,238$8,361$6,162$2,296
26 years$18,639$14,037$10,422$7,645$5,551$1,969
27 years$17,757$13,211$9,678$6,997$5,004$1,690
28 years$16,939$12,448$8,997$6,411$4,516$1,451
29 years$16,179$11,744$8,373$5,879$4,077$1,246
30 years$15,470$11,091$7,799$5,396$3,684$1,070
31 years$14,809$10,484$7,271$4,955$3,331$920
32 years$14,190$9,920$6,784$4,554$3,013$790
33 years$13,610$9,395$6,334$4,188$2,727$679
34 years$13,066$8,904$5,918$3,853$2,469$584
35 years$12,553$8,445$5,533$3,547$2,236$502
36 years$12,071$8,016$5,176$3,267$2,026$432
37 years$11,615$7,613$4,845$3,010$1,836$371
38 years$11,184$7,235$4,537$2,774$1,665$320
39 years$10,777$6,880$4,250$2,558$1,510$275
40 years$10,390$6,546$3,984$2,359$1,369$236
41 years$10,024$6,231$3,736$2,177$1,242$203
42 years$9,676$5,934$3,504$2,009$1,127$175
43 years$9,345$5,654$3,288$1,855$1,023$151
44 years$9,030$5,389$3,087$1,712$929$130
45 years$8,730$5,139$2,898$1,581$843$111
46 years$8,443$4,903$2,722$1,461$765$96
47 years$8,170$4,679$2,557$1,350$695$83
48 years$7,909$4,466$2,403$1,247$631$71
49 years$7,659$4,265$2,259$1,153$573$61
50 years$7,420$4,074$2,124$1,065$521$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,600,000, adding $2,849 every year, while hoping to spend $59,835 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: 48/38/14 Blend
58$7,600,000$7,600,000$7,600,000$7,600,000
59$8,378,139$7,975,339$7,857,539$8,747,525
60$9,169,045$8,302,466$8,057,102$9,329,970
61$10,038,618$8,643,618$8,261,346$9,955,626
62$10,994,819$8,999,417$8,470,363$10,633,639
63$12,046,419$9,370,517$8,684,248$11,368,923
64$13,203,081$9,757,599$8,903,098$12,166,874
65$14,475,452$10,161,379$9,127,009$13,033,424
66$15,875,264$10,582,602$9,356,079$13,975,089
67$17,415,440$11,022,049$9,590,407$14,999,033
68$19,110,223$11,480,537$9,830,094$16,113,128
69$20,975,304$11,958,921$10,075,240$17,326,031
70$23,027,972$12,458,095$10,325,947$18,647,257
71$25,287,277$12,978,994$10,582,318$20,087,272
72$27,774,210$13,522,596$10,844,457$21,657,584
73$30,511,902$14,089,925$11,112,468$23,370,850
74$33,525,836$14,682,052$11,386,457$25,240,995
75$36,844,096$15,300,097$11,666,528$27,283,334
76$40,497,625$15,945,233$11,952,788$29,514,719
77$44,520,520$16,618,687$12,245,344$31,953,689
78$48,950,353$17,321,743$12,544,302$34,620,648
79$53,828,524$18,055,743$12,849,771$37,538,044
80$59,200,654$18,822,094$13,161,859$40,730,586
81$65,117,011$19,622,268$13,480,672$44,225,466
82$71,632,991$20,457,804$13,806,319$48,052,616
83$78,809,633$21,330,313$14,138,908$52,244,981
84$86,714,200$22,241,483$14,478,546$56,838,829
85$95,420,811$23,193,078$14,825,340$61,874,086
86$105,011,143$24,186,948$15,179,397$67,394,707
87$115,575,196$25,225,025$15,540,824$73,449,087
88$127,212,150$26,309,335$15,909,725$80,090,508
89$140,031,294$27,441,997$16,286,206$87,377,643
90$154,153,060$28,625,230$16,670,368$95,375,094
91$169,710,163$29,861,356$17,062,316$104,154,002
92$186,848,844$31,152,808$17,462,149$113,792,708
93$205,730,261$32,502,130$17,869,965$124,377,487
94$226,532,002$33,911,988$18,285,863$136,003,353
95$249,449,764$35,385,174$18,709,937$148,774,949
96$274,699,200$36,924,607$19,142,280$162,807,524
97$302,517,953$38,533,347$19,582,981$178,228,016
98$333,167,901$40,214,599$20,032,128$195,176,236
99$366,937,627$41,971,714$20,489,805$213,806,184
100$404,145,144$43,808,206$20,956,092$234,287,487