Can I retire at age 59 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$289,027$286,452$283,940$281,489$279,095$273,014
2 years$143,083$140,418$137,835$135,331$132,902$126,806
3 years$94,441$91,765$89,188$86,708$84,319$78,398
4 years$70,125$67,457$64,906$62,468$60,137$54,437
5 years$55,539$52,887$50,370$47,982$45,715$40,252
6 years$45,818$43,186$40,706$38,371$36,173$30,953
7 years$38,878$36,268$33,827$31,547$29,418$24,442
8 years$33,674$31,088$28,688$26,464$24,405$19,671
9 years$29,630$27,068$24,709$22,542$20,553$16,058
10 years$26,396$23,859$21,542$19,431$17,512$13,251
11 years$23,752$21,240$18,965$16,911$15,061$11,028
12 years$21,550$19,064$16,831$14,833$13,051$9,241
13 years$19,688$17,228$15,038$13,095$11,381$7,786
14 years$18,094$15,660$13,511$11,625$9,977$6,590
15 years$16,713$14,306$12,199$10,367$8,784$5,598
16 years$15,506$13,125$11,060$9,283$7,763$4,771
17 years$14,443$12,088$10,064$8,340$6,884$4,076
18 years$13,498$11,170$9,187$7,516$6,121$3,490
19 years$12,654$10,352$8,411$6,792$5,455$2,993
20 years$11,895$9,620$7,719$6,151$4,873$2,572
21 years$11,210$8,960$7,100$5,583$4,361$2,212
22 years$10,587$8,364$6,544$5,076$3,909$1,905
23 years$10,020$7,823$6,042$4,623$3,509$1,643
24 years$9,501$7,329$5,588$4,216$3,154$1,417
25 years$9,024$6,878$5,175$3,850$2,838$1,224
26 years$8,584$6,464$4,800$3,521$2,556$1,057
27 years$8,177$6,084$4,457$3,223$2,305$914
28 years$7,801$5,733$4,143$2,953$2,080$790
29 years$7,451$5,408$3,856$2,708$1,878$684
30 years$7,124$5,107$3,592$2,485$1,697$592
31 years$6,820$4,828$3,348$2,282$1,534$512
32 years$6,535$4,569$3,124$2,097$1,388$444
33 years$6,268$4,326$2,917$1,929$1,256$384
34 years$6,017$4,100$2,725$1,775$1,137$333
35 years$5,781$3,889$2,548$1,634$1,030$288
36 years$5,559$3,691$2,384$1,504$933$250
37 years$5,349$3,506$2,231$1,386$846$216
38 years$5,151$3,332$2,089$1,278$767$188
39 years$4,963$3,168$1,957$1,178$695$163
40 years$4,785$3,014$1,835$1,087$631$141
41 years$4,616$2,869$1,720$1,003$572$122
42 years$4,456$2,733$1,614$925$519$106
43 years$4,304$2,604$1,514$854$471$92
44 years$4,158$2,482$1,421$789$428$80
45 years$4,020$2,367$1,335$728$388$69
46 years$3,888$2,258$1,254$673$352$60
47 years$3,763$2,155$1,178$622$320$52
48 years$3,642$2,057$1,107$574$291$45
49 years$3,527$1,964$1,040$531$264$39
50 years$3,417$1,876$978$491$240$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,500,000, adding $5,621 every year, while hoping to spend $36,769 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: 47/43/10 Blend
58$3,500,000$3,500,000$3,500,000$3,500,000
59$3,862,798$3,677,298$3,623,048$4,033,439
60$4,217,682$3,818,364$3,705,298$4,292,629
61$4,607,531$3,965,109$3,789,071$4,569,487
62$5,035,873$4,117,774$3,874,380$4,869,114
63$5,506,596$4,276,609$3,961,235$5,193,637
64$6,023,980$4,441,873$4,049,647$5,545,392
65$6,592,741$4,613,841$4,139,626$5,926,946
66$7,218,078$4,792,796$4,231,180$6,341,120
67$7,905,714$4,979,035$4,324,317$6,791,014
68$8,661,958$5,172,869$4,419,043$7,280,037
69$9,493,759$5,374,621$4,515,363$7,811,933
70$10,408,775$5,584,630$4,613,280$8,390,823
71$11,415,443$5,803,249$4,712,797$9,021,236
72$12,523,057$6,030,848$4,813,915$9,708,152
73$13,741,859$6,267,810$4,916,632$10,457,050
74$15,083,136$6,514,539$5,020,946$11,273,957
75$16,559,320$6,771,456$5,126,851$12,165,503
76$18,184,112$7,038,999$5,234,343$13,138,979
77$19,972,609$7,317,628$5,343,411$14,202,413
78$21,941,446$7,607,821$5,454,045$15,364,635
79$24,108,949$7,910,081$5,566,232$16,635,362
80$26,495,317$8,224,930$5,679,955$18,025,291
81$29,122,802$8,552,914$5,795,197$19,546,191
82$32,015,928$8,894,607$5,911,936$21,211,019
83$35,201,714$9,250,604$6,030,147$23,034,038
84$38,709,935$9,621,530$6,149,804$25,030,949
85$42,573,401$10,008,037$6,270,874$27,219,034
86$46,828,264$10,410,808$6,393,325$29,617,325
87$51,514,364$10,830,554$6,517,118$32,246,772
88$56,675,598$11,268,020$6,642,211$35,130,444
89$62,360,342$11,723,986$6,768,558$38,293,743
90$68,621,900$12,199,264$6,896,108$41,764,639
91$75,519,012$12,694,707$7,024,806$45,573,936
92$83,116,407$13,211,203$7,154,592$49,755,553
93$91,485,411$13,749,683$7,285,402$54,346,847
94$100,704,624$14,311,119$7,417,164$59,388,959
95$110,860,660$14,896,528$7,549,803$64,927,201
96$122,048,963$15,506,973$7,683,237$71,011,478
97$134,374,708$16,143,566$7,817,377$77,696,759
98$147,953,798$16,807,469$7,952,128$85,043,587
99$162,913,949$17,499,900$8,087,389$93,118,651
100$179,395,906$18,222,129$8,223,050$101,995,411