Can I retire at age 59 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$305,543$302,821$300,166$297,574$295,043$291,477
2 years$151,259$148,442$145,711$143,064$140,497$136,908
3 years$99,837$97,008$94,285$91,663$89,137$85,637
4 years$74,132$71,311$68,615$66,038$63,573$60,189
5 years$58,713$55,909$53,248$50,723$48,327$45,069
6 years$48,436$45,654$43,033$40,564$38,240$35,110
7 years$41,099$38,340$35,760$33,350$31,099$28,101
8 years$35,599$32,864$30,328$27,976$25,800$22,932
9 years$31,323$28,614$26,121$23,830$21,727$18,988
10 years$27,904$25,222$22,773$20,541$18,513$15,901
11 years$25,109$22,454$20,049$17,877$15,921$13,435
12 years$22,781$20,153$17,793$15,681$13,797$11,433
13 years$20,813$18,213$15,897$13,844$12,031$9,787
14 years$19,128$16,555$14,283$12,289$10,547$8,418
15 years$17,668$15,123$12,896$10,960$9,286$7,270
16 years$16,392$13,875$11,692$9,813$8,207$6,300
17 years$15,268$12,779$10,639$8,817$7,277$5,476
18 years$14,269$11,808$9,712$7,946$6,470$4,771
19 years$13,377$10,944$8,891$7,180$5,767$4,165
20 years$12,575$10,169$8,160$6,503$5,151$3,643
21 years$11,850$9,472$7,506$5,902$4,610$3,192
22 years$11,192$8,842$6,917$5,366$4,132$2,800
23 years$10,593$8,270$6,387$4,887$3,709$2,459
24 years$10,044$7,748$5,907$4,457$3,334$2,162
25 years$9,539$7,271$5,471$4,070$3,000$1,902
26 years$9,074$6,834$5,074$3,722$2,702$1,675
27 years$8,645$6,431$4,712$3,407$2,436$1,476
28 years$8,246$6,060$4,380$3,121$2,198$1,302
29 years$7,876$5,717$4,076$2,862$1,985$1,149
30 years$7,532$5,399$3,797$2,627$1,794$1,014
31 years$7,210$5,104$3,540$2,413$1,622$895
32 years$6,909$4,830$3,303$2,217$1,467$791
33 years$6,626$4,574$3,084$2,039$1,328$699
34 years$6,361$4,335$2,881$1,876$1,202$618
35 years$6,112$4,111$2,694$1,727$1,089$546
36 years$5,876$3,902$2,520$1,590$986$483
37 years$5,655$3,706$2,359$1,465$894$427
38 years$5,445$3,522$2,209$1,351$810$378
39 years$5,247$3,349$2,069$1,245$735$334
40 years$5,058$3,187$1,940$1,149$667$296
41 years$4,880$3,033$1,819$1,060$605$262
42 years$4,711$2,889$1,706$978$549$232
43 years$4,550$2,753$1,601$903$498$205
44 years$4,396$2,624$1,503$834$452$181
45 years$4,250$2,502$1,411$770$410$161
46 years$4,111$2,387$1,325$711$373$142
47 years$3,978$2,278$1,245$657$338$126
48 years$3,850$2,174$1,170$607$307$111
49 years$3,729$2,076$1,100$561$279$99
50 years$3,612$1,984$1,034$519$253$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,700,000, adding $6,607 every year, while hoping to spend $50,202 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: 47/28/25 Blend
58$3,700,000$3,700,000$3,700,000$3,700,000
59$4,084,215$3,888,115$3,830,765$4,246,692
60$4,447,391$4,025,218$3,905,681$4,498,640
61$4,845,927$4,167,357$3,981,424$4,766,495
62$5,283,379$4,314,725$4,057,970$5,056,252
63$5,763,661$4,467,523$4,135,289$5,369,992
64$6,291,085$4,625,962$4,213,351$5,710,002
65$6,870,401$4,790,260$4,292,124$6,078,797
66$7,506,843$4,960,644$4,371,571$6,479,145
67$8,206,175$5,137,350$4,451,653$6,914,093
68$8,974,749$5,320,624$4,532,327$7,386,989
69$9,819,561$5,510,721$4,613,548$7,901,523
70$10,748,319$5,707,910$4,695,264$8,461,752
71$11,769,516$5,912,466$4,777,424$9,072,142
72$12,892,509$6,124,679$4,859,970$9,737,609
73$14,127,606$6,344,849$4,942,840$10,463,566
74$15,486,164$6,573,290$5,025,968$11,255,970
75$16,980,698$6,810,326$5,109,283$12,121,380
76$18,624,996$7,056,298$5,192,710$13,067,017
77$20,434,248$7,311,559$5,276,169$14,100,834
78$22,425,193$7,576,478$5,359,572$15,231,584
79$24,616,274$7,851,436$5,442,829$16,468,911
80$27,027,812$8,136,835$5,525,842$17,823,432
81$29,682,198$8,433,090$5,608,508$19,306,838
82$32,604,105$8,740,634$5,690,715$20,932,009
83$35,820,718$9,059,918$5,772,348$22,713,126
84$39,361,991$9,391,414$5,853,282$24,665,812
85$43,260,932$9,735,612$5,933,385$26,807,272
86$47,553,912$10,093,021$6,012,518$29,156,458
87$52,281,007$10,464,175$6,090,533$31,734,246
88$57,486,378$10,849,629$6,167,275$34,563,632
89$63,218,688$11,249,960$6,242,578$37,669,947
90$69,531,558$11,665,771$6,316,267$41,081,096
91$76,484,073$12,097,691$6,388,159$44,827,820
92$84,141,345$12,546,374$6,458,059$48,943,983
93$92,575,120$13,012,504$6,525,761$53,466,894
94$101,864,457$13,496,791$6,591,049$58,437,655
95$112,096,476$13,999,979$6,653,694$63,901,547
96$123,367,180$14,522,841$6,713,456$69,908,461
97$135,782,357$15,066,185$6,770,082$76,513,359
98$149,458,581$15,630,852$6,823,303$83,776,799
99$164,524,312$16,217,720$6,872,840$91,765,500
100$181,121,109$16,827,704$6,918,396$100,552,975