Can I retire at age 59 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$264,253$261,899$259,603$257,361$255,172$246,217
2 years$130,818$128,382$126,021$123,731$121,511$112,582
3 years$86,346$83,899$81,544$79,276$77,091$68,470
4 years$64,114$61,675$59,343$57,114$54,982$46,734
5 years$50,778$48,354$46,053$43,869$41,797$33,944
6 years$41,891$39,484$37,217$35,082$33,072$25,621
7 years$35,545$33,159$30,928$28,843$26,897$19,845
8 years$30,788$28,423$26,229$24,196$22,313$15,655
9 years$27,090$24,748$22,591$20,609$18,791$12,518
10 years$24,133$21,814$19,696$17,766$16,011$10,113
11 years$21,716$19,420$17,340$15,461$13,770$8,235
12 years$19,703$17,430$15,388$13,562$11,933$6,748
13 years$18,000$15,752$13,749$11,973$10,406$5,556
14 years$16,543$14,318$12,353$10,628$9,121$4,594
15 years$15,281$13,080$11,153$9,478$8,031$3,810
16 years$14,177$12,000$10,112$8,487$7,098$3,168
17 years$13,205$11,052$9,202$7,625$6,294$2,641
18 years$12,341$10,212$8,400$6,872$5,596$2,205
19 years$11,569$9,465$7,690$6,210$4,988$1,844
20 years$10,876$8,795$7,057$5,624$4,455$1,543
21 years$10,249$8,192$6,491$5,104$3,987$1,293
22 years$9,680$7,647$5,983$4,641$3,574$1,085
23 years$9,161$7,152$5,524$4,226$3,208$911
24 years$8,686$6,701$5,109$3,855$2,883$765
25 years$8,250$6,289$4,732$3,520$2,595$643
26 years$7,848$5,910$4,388$3,219$2,337$540
27 years$7,477$5,562$4,075$2,946$2,107$454
28 years$7,132$5,241$3,788$2,699$1,901$382
29 years$6,812$4,945$3,525$2,475$1,717$321
30 years$6,514$4,670$3,284$2,272$1,551$271
31 years$6,235$4,414$3,061$2,087$1,402$228
32 years$5,975$4,177$2,856$1,918$1,269$192
33 years$5,731$3,956$2,667$1,763$1,148$161
34 years$5,501$3,749$2,492$1,622$1,039$136
35 years$5,286$3,556$2,330$1,494$942$114
36 years$5,082$3,375$2,179$1,376$853$96
37 years$4,890$3,206$2,040$1,267$773$81
38 years$4,709$3,046$1,910$1,168$701$68
39 years$4,538$2,897$1,790$1,077$636$58
40 years$4,375$2,756$1,677$993$577$48
41 years$4,221$2,624$1,573$917$523$41
42 years$4,074$2,499$1,475$846$475$34
43 years$3,935$2,381$1,384$781$431$29
44 years$3,802$2,269$1,300$721$391$24
45 years$3,676$2,164$1,220$666$355$21
46 years$3,555$2,064$1,146$615$322$17
47 years$3,440$1,970$1,077$568$293$15
48 years$3,330$1,881$1,012$525$266$12
49 years$3,225$1,796$951$485$241$10
50 years$3,124$1,715$894$449$219$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,200,000, adding $2,981 every year, while hoping to spend $35,849 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: 84/11/5 Blend
58$3,200,000$3,200,000$3,200,000$3,200,000
59$3,529,475$3,359,875$3,310,275$3,825,634
60$3,851,338$3,486,366$3,383,026$4,145,754
61$4,204,830$3,617,853$3,457,013$4,492,081
62$4,593,139$3,754,544$3,532,239$4,871,306
63$5,019,777$3,896,654$3,608,707$5,286,704
64$5,488,613$4,044,409$3,686,417$5,741,884
65$6,003,910$4,198,044$3,765,371$6,240,819
66$6,570,365$4,357,804$3,845,567$6,787,883
67$7,193,151$4,523,945$3,927,002$7,387,897
68$7,877,968$4,696,734$4,009,672$8,046,167
69$8,631,097$4,876,450$4,093,572$8,768,539
70$9,459,456$5,063,384$4,178,694$9,561,451
71$10,370,670$5,257,838$4,265,029$10,431,995
72$11,373,137$5,460,132$4,352,567$11,387,981
73$12,476,113$5,670,594$4,441,294$12,438,016
74$13,689,794$5,889,571$4,531,195$13,591,577
75$15,025,416$6,117,423$4,622,253$14,859,104
76$16,495,358$6,354,526$4,714,448$16,252,101
77$18,113,261$6,601,274$4,807,758$17,783,239
78$19,894,154$6,858,077$4,902,159$19,466,475
79$21,854,598$7,125,363$4,997,622$21,317,189
80$24,012,842$7,403,581$5,094,117$23,352,323
81$26,388,993$7,693,197$5,191,611$25,590,542
82$29,005,206$7,994,700$5,290,066$28,052,411
83$31,885,896$8,308,600$5,389,442$30,760,585
84$35,057,965$8,635,428$5,489,695$33,740,026
85$38,551,055$8,975,742$5,590,778$37,018,236
86$42,397,832$9,330,122$5,692,638$40,625,518
87$46,634,289$9,699,176$5,795,219$44,595,257
88$51,300,088$10,083,538$5,898,461$48,964,238
89$56,438,936$10,483,870$6,002,299$53,772,993
90$62,098,993$10,900,865$6,106,661$59,066,178
91$68,333,329$11,335,246$6,211,473$64,893,000
92$75,200,424$11,787,770$6,316,654$71,307,676
93$82,764,723$12,259,225$6,422,116$78,369,948
94$91,097,235$12,750,438$6,527,768$86,145,639
95$100,276,216$13,262,272$6,633,511$94,707,282
96$110,387,895$13,795,628$6,739,239$104,134,798
97$121,527,295$14,351,449$6,844,838$114,516,252
98$133,799,129$14,930,721$6,950,190$125,948,681
99$147,318,786$15,534,472$7,055,167$138,539,010
100$162,213,421$16,163,779$7,159,634$152,405,063