Can I retire at age 59 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$280,769$278,268$275,828$273,446$271,121$261,501
2 years$138,994$136,406$133,897$131,465$129,105$119,516
3 years$91,743$89,143$86,640$84,231$81,910$72,652
4 years$68,121$65,529$63,052$60,683$58,419$49,564
5 years$53,952$51,376$48,931$46,611$44,409$35,980
6 years$44,509$41,952$39,543$37,275$35,139$27,143
7 years$37,767$35,231$32,861$30,646$28,578$21,012
8 years$32,712$30,200$27,869$25,708$23,708$16,566
9 years$28,783$26,294$24,003$21,897$19,965$13,239
10 years$25,642$23,177$20,926$18,876$17,012$10,688
11 years$23,073$20,633$18,423$16,428$14,631$8,698
12 years$20,934$18,519$16,350$14,409$12,679$7,122
13 years$19,126$16,736$14,608$12,721$11,056$5,860
14 years$17,577$15,213$13,125$11,292$9,692$4,842
15 years$16,236$13,897$11,850$10,071$8,533$4,013
16 years$15,063$12,750$10,744$9,017$7,542$3,335
17 years$14,030$11,742$9,777$8,102$6,687$2,777
18 years$13,112$10,851$8,925$7,302$5,946$2,317
19 years$12,293$10,056$8,170$6,598$5,300$1,936
20 years$11,556$9,345$7,498$5,975$4,734$1,619
21 years$10,890$8,704$6,897$5,423$4,236$1,356
22 years$10,285$8,125$6,357$4,931$3,797$1,137
23 years$9,734$7,599$5,869$4,491$3,408$953
24 years$9,229$7,120$5,428$4,096$3,064$800
25 years$8,766$6,682$5,027$3,740$2,757$672
26 years$8,339$6,280$4,663$3,420$2,483$564
27 years$7,944$5,910$4,330$3,130$2,239$474
28 years$7,578$5,569$4,025$2,868$2,020$398
29 years$7,238$5,254$3,746$2,630$1,824$335
30 years$6,921$4,962$3,489$2,414$1,648$282
31 years$6,625$4,690$3,253$2,217$1,490$237
32 years$6,348$4,438$3,035$2,037$1,348$199
33 years$6,089$4,203$2,834$1,874$1,220$168
34 years$5,845$3,983$2,648$1,724$1,104$141
35 years$5,616$3,778$2,475$1,587$1,000$119
36 years$5,400$3,586$2,316$1,461$906$100
37 years$5,196$3,406$2,167$1,347$821$84
38 years$5,003$3,237$2,030$1,241$745$71
39 years$4,821$3,078$1,901$1,144$675$59
40 years$4,648$2,928$1,782$1,056$613$50
41 years$4,484$2,788$1,671$974$556$42
42 years$4,329$2,655$1,568$899$504$35
43 years$4,181$2,529$1,471$830$458$30
44 years$4,040$2,411$1,381$766$415$25
45 years$3,905$2,299$1,297$707$377$21
46 years$3,777$2,193$1,218$654$342$18
47 years$3,655$2,093$1,144$604$311$15
48 years$3,538$1,998$1,075$558$282$13
49 years$3,426$1,908$1,011$516$256$11
50 years$3,320$1,823$950$477$233$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,400,000, adding $4,157 every year, while hoping to spend $34,788 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: 52/20/28 Blend
58$3,400,000$3,400,000$3,400,000$3,400,000
59$3,751,088$3,570,888$3,518,188$3,916,479
60$4,096,685$3,708,847$3,599,033$4,169,842
61$4,476,366$3,852,401$3,681,421$4,441,458
62$4,893,573$4,001,786$3,765,365$4,736,253
63$5,352,094$4,157,250$3,850,882$5,056,457
64$5,856,105$4,319,052$3,937,983$5,404,519
65$6,410,205$4,487,463$4,026,683$5,783,136
66$7,019,461$4,662,764$4,116,992$6,195,275
67$7,689,457$4,845,250$4,208,923$6,644,199
68$8,426,344$5,035,230$4,302,484$7,133,502
69$9,236,900$5,233,025$4,397,686$7,667,138
70$10,128,590$5,438,970$4,494,535$8,249,457
71$11,109,644$5,653,416$4,593,039$8,885,250
72$12,189,124$5,876,731$4,693,203$9,579,791
73$13,377,020$6,109,296$4,795,030$10,338,884
74$14,684,337$6,351,512$4,898,524$11,168,921
75$16,123,199$6,603,796$5,003,685$12,076,938
76$17,706,970$6,866,586$5,110,513$13,070,682
77$19,450,369$7,140,338$5,219,004$14,158,687
78$21,369,621$7,425,528$5,329,154$15,350,345
79$23,482,598$7,722,654$5,440,956$16,656,003
80$25,808,997$8,032,238$5,554,402$18,087,054
81$28,370,520$8,354,824$5,669,480$19,656,046
82$31,191,083$8,690,980$5,786,178$21,376,799
83$34,297,036$9,041,301$5,904,478$23,264,532
84$37,717,418$9,406,408$6,024,361$25,336,010
85$41,484,223$9,786,951$6,145,806$27,609,699
86$45,632,711$10,183,609$6,268,788$30,105,939
87$50,201,734$10,597,092$6,393,279$32,847,134
88$55,234,103$11,028,142$6,519,246$35,857,964
89$60,776,995$11,477,535$6,646,654$39,165,616
90$66,882,397$11,946,082$6,775,465$42,800,039
91$73,607,593$12,434,631$6,905,634$46,794,224
92$81,015,709$12,944,070$7,037,115$51,184,520
93$89,176,307$13,475,326$7,169,855$56,010,966
94$98,166,043$14,029,368$7,303,797$61,317,676
95$108,069,384$14,607,212$7,438,879$67,153,251
96$118,979,414$15,209,918$7,575,034$73,571,232
97$130,998,706$15,838,596$7,712,189$80,630,610
98$144,240,292$16,494,406$7,850,266$88,396,380
99$158,828,732$17,178,561$7,989,180$96,940,148
100$174,901,284$17,892,332$8,128,838$106,340,809