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

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$627,601$622,011$616,556$611,233$606,035$600,205
2 years$310,694$304,907$299,299$293,862$288,588$282,716
3 years$205,072$199,260$193,666$188,280$183,092$177,359
4 years$152,271$146,477$140,940$135,645$130,583$125,033
5 years$120,599$114,840$109,375$104,189$99,267$93,917
6 years$99,491$93,775$88,391$83,320$78,547$73,403
7 years$84,420$78,753$73,453$68,502$63,879$58,944
8 years$73,122$67,505$62,294$57,465$52,994$48,267
9 years$64,339$58,776$53,654$48,947$44,629$40,108
10 years$57,317$51,808$46,777$42,193$38,026$33,709
11 years$51,575$46,121$41,182$36,721$32,704$28,588
12 years$46,794$41,396$36,548$32,209$28,340$24,421
13 years$42,751$37,410$32,653$28,436$24,713$20,986
14 years$39,289$34,005$29,339$25,242$21,663$18,123
15 years$36,291$31,064$26,489$22,511$19,074$15,715
16 years$33,671$28,501$24,016$20,157$16,858$13,675
17 years$31,361$26,248$21,854$18,110$14,947$11,935
18 years$29,310$24,254$19,950$16,321$13,290$10,443
19 years$27,477$22,479$18,263$14,748$11,846$9,157
20 years$25,830$20,888$16,761$13,357$10,581$8,045
21 years$24,341$19,457$15,417$12,122$9,469$7,079
22 years$22,990$18,162$14,209$11,022$8,488$6,239
23 years$21,758$16,987$13,119$10,038$7,619$5,504
24 years$20,630$15,915$12,133$9,155$6,848$4,862
25 years$19,594$14,936$11,238$8,361$6,162$4,298
26 years$18,639$14,037$10,422$7,645$5,551$3,803
27 years$17,757$13,211$9,678$6,997$5,004$3,368
28 years$16,939$12,448$8,997$6,411$4,516$2,984
29 years$16,179$11,744$8,373$5,879$4,077$2,645
30 years$15,470$11,091$7,799$5,396$3,684$2,346
31 years$14,809$10,484$7,271$4,955$3,331$2,082
32 years$14,190$9,920$6,784$4,554$3,013$1,848
33 years$13,610$9,395$6,334$4,188$2,727$1,641
34 years$13,066$8,904$5,918$3,853$2,469$1,458
35 years$12,553$8,445$5,533$3,547$2,236$1,296
36 years$12,071$8,016$5,176$3,267$2,026$1,151
37 years$11,615$7,613$4,845$3,010$1,836$1,024
38 years$11,184$7,235$4,537$2,774$1,665$910
39 years$10,777$6,880$4,250$2,558$1,510$809
40 years$10,390$6,546$3,984$2,359$1,369$720
41 years$10,024$6,231$3,736$2,177$1,242$640
42 years$9,676$5,934$3,504$2,009$1,127$570
43 years$9,345$5,654$3,288$1,855$1,023$507
44 years$9,030$5,389$3,087$1,712$929$451
45 years$8,730$5,139$2,898$1,581$843$401
46 years$8,443$4,903$2,722$1,461$765$357
47 years$8,170$4,679$2,557$1,350$695$318
48 years$7,909$4,466$2,403$1,247$631$283
49 years$7,659$4,265$2,259$1,153$573$252
50 years$7,420$4,074$2,124$1,065$521$224

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 $4,299 every year, while hoping to spend $50,180 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: 41/43/16 Blend
58$7,600,000$7,600,000$7,600,000$7,600,000
59$8,379,634$7,976,834$7,859,034$8,683,464
60$9,180,966$8,314,308$8,068,921$9,236,400
61$10,062,352$8,666,636$8,284,157$9,829,258
62$11,031,904$9,034,494$8,504,868$10,469,866
63$12,098,561$9,418,587$8,731,184$11,162,601
64$13,272,171$9,819,654$8,963,236$11,912,270
65$14,563,585$10,238,471$9,201,157$12,724,145
66$15,984,760$10,675,845$9,445,085$13,604,016
67$17,548,869$11,132,624$9,695,159$14,558,242
68$19,270,427$11,609,697$9,951,520$15,593,804
69$21,165,429$12,107,990$10,214,315$16,718,372
70$23,251,498$12,628,477$10,483,689$17,940,371
71$25,548,052$13,172,174$10,759,794$19,269,058
72$28,076,490$13,740,146$11,042,783$20,714,609
73$30,860,388$14,333,509$11,332,813$22,288,204
74$33,925,726$14,953,430$11,630,041$24,002,134
75$37,301,133$15,601,131$11,934,630$25,869,913
76$41,018,153$16,277,891$12,246,744$27,906,397
77$45,111,547$16,985,050$12,566,553$30,127,924
78$49,619,617$17,724,010$12,894,225$32,552,462
79$54,584,572$18,496,240$13,229,935$35,199,771
80$60,052,920$19,303,278$13,573,860$38,091,589
81$66,075,912$20,146,733$13,926,178$41,251,827
82$72,710,024$21,028,291$14,287,074$44,706,794
83$80,017,488$21,949,719$14,656,733$48,485,435
84$88,066,881$22,912,865$15,035,342$52,619,599
85$96,933,771$23,919,664$15,423,095$57,144,335
86$106,701,433$24,972,144$15,820,186$62,098,214
87$117,461,630$26,072,430$16,226,812$67,523,689
88$129,315,481$27,222,743$16,643,175$73,467,483
89$142,374,416$28,425,415$17,069,479$79,981,027
90$156,761,229$29,682,883$17,505,929$87,120,936
91$172,611,233$30,997,702$17,952,736$94,949,536
92$190,073,538$32,372,549$18,410,112$103,535,439
93$209,312,462$33,810,226$18,878,273$112,954,187
94$230,509,075$35,313,669$19,357,437$123,288,953
95$253,862,915$36,885,953$19,847,825$134,631,315
96$279,593,867$38,530,300$20,349,662$147,082,113
97$307,944,239$40,250,083$20,863,174$160,752,385
98$339,181,052$42,048,837$21,388,590$175,764,410
99$373,598,553$43,930,264$21,926,143$192,252,844
100$411,521,003$45,898,244$22,476,066$210,365,982