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%11.1%
1 years$627,601$622,011$616,556$611,233$606,035$603,227
2 years$310,694$304,907$299,299$293,862$288,588$285,754
3 years$205,072$199,260$193,666$188,280$183,092$180,320
4 years$152,271$146,477$140,940$135,645$130,583$127,893
5 years$120,599$114,840$109,375$104,189$99,267$96,668
6 years$99,491$93,775$88,391$83,320$78,547$76,042
7 years$84,420$78,753$73,453$68,502$63,879$61,470
8 years$73,122$67,505$62,294$57,465$52,994$50,680
9 years$64,339$58,776$53,654$48,947$44,629$42,409
10 years$57,317$51,808$46,777$42,193$38,026$35,901
11 years$51,575$46,121$41,182$36,721$32,704$30,671
12 years$46,794$41,396$36,548$32,209$28,340$26,398
13 years$42,751$37,410$32,653$28,436$24,713$22,860
14 years$39,289$34,005$29,339$25,242$21,663$19,898
15 years$36,291$31,064$26,489$22,511$19,074$17,393
16 years$33,671$28,501$24,016$20,157$16,858$15,260
17 years$31,361$26,248$21,854$18,110$14,947$13,429
18 years$29,310$24,254$19,950$16,321$13,290$11,850
19 years$27,477$22,479$18,263$14,748$11,846$10,481
20 years$25,830$20,888$16,761$13,357$10,581$9,288
21 years$24,341$19,457$15,417$12,122$9,469$8,246
22 years$22,990$18,162$14,209$11,022$8,488$7,332
23 years$21,758$16,987$13,119$10,038$7,619$6,528
24 years$20,630$15,915$12,133$9,155$6,848$5,819
25 years$19,594$14,936$11,238$8,361$6,162$5,193
26 years$18,639$14,037$10,422$7,645$5,551$4,638
27 years$17,757$13,211$9,678$6,997$5,004$4,146
28 years$16,939$12,448$8,997$6,411$4,516$3,709
29 years$16,179$11,744$8,373$5,879$4,077$3,320
30 years$15,470$11,091$7,799$5,396$3,684$2,973
31 years$14,809$10,484$7,271$4,955$3,331$2,664
32 years$14,190$9,920$6,784$4,554$3,013$2,389
33 years$13,610$9,395$6,334$4,188$2,727$2,142
34 years$13,066$8,904$5,918$3,853$2,469$1,922
35 years$12,553$8,445$5,533$3,547$2,236$1,725
36 years$12,071$8,016$5,176$3,267$2,026$1,549
37 years$11,615$7,613$4,845$3,010$1,836$1,391
38 years$11,184$7,235$4,537$2,774$1,665$1,249
39 years$10,777$6,880$4,250$2,558$1,510$1,122
40 years$10,390$6,546$3,984$2,359$1,369$1,009
41 years$10,024$6,231$3,736$2,177$1,242$906
42 years$9,676$5,934$3,504$2,009$1,127$815
43 years$9,345$5,654$3,288$1,855$1,023$733
44 years$9,030$5,389$3,087$1,712$929$659
45 years$8,730$5,139$2,898$1,581$843$592
46 years$8,443$4,903$2,722$1,461$765$533
47 years$8,170$4,679$2,557$1,350$695$479
48 years$7,909$4,466$2,403$1,247$631$431
49 years$7,659$4,265$2,259$1,153$573$388
50 years$7,420$4,074$2,124$1,065$521$349

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 $2,558 every year, while hoping to spend $27,160 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: 47/30/23 Blend
58$7,600,000$7,600,000$7,600,000$7,600,000
59$8,377,839$7,975,039$7,857,239$8,716,482
60$9,203,480$8,336,917$8,091,558$9,315,915
61$10,112,427$8,715,618$8,332,817$9,963,284
62$11,113,147$9,111,936$8,581,219$10,665,431
63$12,214,972$9,526,705$8,836,974$11,427,501
64$13,428,184$9,960,799$9,100,298$12,255,145
65$14,764,114$10,415,133$9,371,412$13,154,573
66$16,235,245$10,890,666$9,650,546$14,132,607
67$17,855,335$11,388,403$9,937,935$15,196,745
68$19,639,544$11,909,399$10,233,820$16,355,229
69$21,604,575$12,454,758$10,538,450$17,617,115
70$23,768,835$13,025,635$10,852,083$18,992,364
71$26,152,610$13,623,244$11,174,980$20,491,925
72$28,778,248$14,248,855$11,507,415$22,127,840
73$31,670,381$14,903,801$11,849,665$23,913,350
74$34,856,150$15,589,477$12,202,018$25,863,021
75$38,365,461$16,307,345$12,564,770$27,992,874
76$42,231,273$17,058,940$12,938,224$30,320,533
77$46,489,902$17,845,868$13,322,694$32,865,390
78$51,181,370$18,669,812$13,718,502$35,648,778
79$56,349,776$19,532,540$14,125,978$38,694,173
80$62,043,719$20,435,900$14,545,464$42,027,411
81$68,316,751$21,381,832$14,977,310$45,676,921
82$75,227,886$22,372,368$15,421,877$49,673,995
83$82,842,157$23,409,640$15,879,536$54,053,074
84$91,231,225$24,495,881$16,350,668$58,852,069
85$100,474,062$25,633,431$16,835,668$64,112,713
86$110,657,692$26,824,745$17,334,938$69,880,947
87$121,878,013$28,072,394$17,848,896$76,207,349
88$134,240,704$29,379,075$18,377,967$83,147,605
89$147,862,221$30,747,614$18,922,594$90,763,025
90$162,870,894$32,180,974$19,483,227$99,121,118
91$179,408,144$33,682,261$20,060,334$108,296,220
92$197,629,812$35,254,729$20,654,393$118,370,185
93$217,707,635$36,901,793$21,265,897$129,433,154
94$239,830,863$38,627,030$21,895,354$141,584,394
95$264,208,047$40,434,190$22,543,284$154,933,226
96$291,069,008$42,327,206$23,210,225$169,600,049
97$320,667,008$44,310,200$23,896,728$185,717,466
98$353,281,135$46,387,493$24,603,361$203,431,523
99$389,218,946$48,563,614$25,330,708$222,903,080
100$428,819,362$50,843,315$26,079,371$244,309,317