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%17.9%
1 years$627,601$622,011$616,556$611,233$606,035$586,635
2 years$310,694$304,907$299,299$293,862$288,588$269,222
3 years$205,072$199,260$193,666$188,280$183,092$164,368
4 years$152,271$146,477$140,940$135,645$130,583$112,643
5 years$120,599$114,840$109,375$104,189$99,267$82,160
6 years$99,491$93,775$88,391$83,320$78,547$62,287
7 years$84,420$78,753$73,453$68,502$63,879$48,466
8 years$73,122$67,505$62,294$57,465$52,994$38,416
9 years$64,339$58,776$53,654$48,947$44,629$30,869
10 years$57,317$51,808$46,777$42,193$38,026$25,064
11 years$51,575$46,121$41,182$36,721$32,704$20,515
12 years$46,794$41,396$36,548$32,209$28,340$16,899
13 years$42,751$37,410$32,653$28,436$24,713$13,992
14 years$39,289$34,005$29,339$25,242$21,663$11,632
15 years$36,291$31,064$26,489$22,511$19,074$9,703
16 years$33,671$28,501$24,016$20,157$16,858$8,116
17 years$31,361$26,248$21,854$18,110$14,947$6,804
18 years$29,310$24,254$19,950$16,321$13,290$5,715
19 years$27,477$22,479$18,263$14,748$11,846$4,807
20 years$25,830$20,888$16,761$13,357$10,581$4,049
21 years$24,341$19,457$15,417$12,122$9,469$3,415
22 years$22,990$18,162$14,209$11,022$8,488$2,882
23 years$21,758$16,987$13,119$10,038$7,619$2,434
24 years$20,630$15,915$12,133$9,155$6,848$2,057
25 years$19,594$14,936$11,238$8,361$6,162$1,740
26 years$18,639$14,037$10,422$7,645$5,551$1,472
27 years$17,757$13,211$9,678$6,997$5,004$1,246
28 years$16,939$12,448$8,997$6,411$4,516$1,055
29 years$16,179$11,744$8,373$5,879$4,077$893
30 years$15,470$11,091$7,799$5,396$3,684$757
31 years$14,809$10,484$7,271$4,955$3,331$641
32 years$14,190$9,920$6,784$4,554$3,013$543
33 years$13,610$9,395$6,334$4,188$2,727$460
34 years$13,066$8,904$5,918$3,853$2,469$390
35 years$12,553$8,445$5,533$3,547$2,236$331
36 years$12,071$8,016$5,176$3,267$2,026$280
37 years$11,615$7,613$4,845$3,010$1,836$238
38 years$11,184$7,235$4,537$2,774$1,665$202
39 years$10,777$6,880$4,250$2,558$1,510$171
40 years$10,390$6,546$3,984$2,359$1,369$145
41 years$10,024$6,231$3,736$2,177$1,242$123
42 years$9,676$5,934$3,504$2,009$1,127$104
43 years$9,345$5,654$3,288$1,855$1,023$88
44 years$9,030$5,389$3,087$1,712$929$75
45 years$8,730$5,139$2,898$1,581$843$64
46 years$8,443$4,903$2,722$1,461$765$54
47 years$8,170$4,679$2,557$1,350$695$46
48 years$7,909$4,466$2,403$1,247$631$39
49 years$7,659$4,265$2,259$1,153$573$33
50 years$7,420$4,074$2,124$1,065$521$28

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 $2,397 every year, while hoping to spend $57,231 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: 45/36/19 Blend
58$7,600,000$7,600,000$7,600,000$7,600,000
59$8,377,673$7,974,873$7,857,073$8,708,800
60$9,171,302$8,304,748$8,059,391$9,271,093
61$10,043,963$8,648,869$8,266,569$9,874,616
62$11,003,657$9,007,874$8,478,709$10,527,898
63$12,059,199$9,382,429$8,695,915$11,235,582
64$13,220,302$9,773,231$8,918,292$12,002,770
65$14,497,665$10,181,012$9,145,947$12,835,064
66$15,903,079$10,606,534$9,378,989$13,738,621
67$17,449,535$11,050,597$9,617,527$14,720,206
68$19,151,347$11,514,035$9,861,673$15,787,256
69$21,024,285$11,997,723$10,111,540$16,947,943
70$23,085,726$12,502,576$10,367,241$18,211,252
71$25,354,820$13,029,552$10,628,893$19,587,065
72$27,852,663$13,579,651$10,896,612$21,086,244
73$30,602,502$14,153,922$11,170,517$22,720,737
74$33,629,955$14,753,462$11,450,727$24,503,685
75$36,963,247$15,379,418$11,737,363$26,449,543
76$40,633,481$16,032,991$12,030,547$28,574,212
77$44,674,927$16,715,440$12,330,401$30,895,186
78$49,125,351$17,428,078$12,637,052$33,431,715
79$54,026,367$18,172,283$12,950,623$36,204,979
80$59,423,828$18,949,497$13,271,240$39,238,287
81$65,368,264$19,761,228$13,599,032$42,557,290
82$71,915,353$20,609,054$13,934,126$46,190,223
83$79,126,450$21,494,629$14,276,650$50,168,159
84$87,069,165$22,419,682$14,626,734$54,525,307
85$95,817,998$23,386,025$14,984,509$59,299,320
86$105,455,048$24,395,555$15,350,104$64,531,653
87$116,070,781$25,450,255$15,723,650$70,267,943
88$127,764,887$26,552,204$16,105,279$76,558,439
89$140,647,221$27,703,577$16,495,121$83,458,464
90$154,838,837$28,906,652$16,893,308$91,028,935
91$170,473,135$30,163,815$17,299,970$99,336,933
92$187,697,115$31,477,562$17,715,239$108,456,323
93$206,672,766$32,850,507$18,139,245$118,468,448
94$227,578,595$34,285,389$18,572,116$129,462,892
95$250,611,313$35,785,074$19,013,983$141,538,310
96$275,987,688$37,352,565$19,464,974$154,803,357
97$303,946,596$38,991,004$19,925,214$169,377,704
98$334,751,269$40,703,683$20,394,829$185,393,157
99$368,691,786$42,494,051$20,873,943$202,994,891
100$406,087,806$44,365,718$21,362,678$222,342,813