Can I retire at age 59 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$338,574$335,558$332,616$329,744$326,940$318,648
2 years$167,611$164,489$161,464$158,531$155,686$147,386
3 years$110,631$107,496$104,478$101,572$98,773$90,725
4 years$82,146$79,021$76,033$73,177$70,446$62,711
5 years$65,060$61,953$59,005$56,207$53,552$46,152
6 years$53,673$50,589$47,685$44,949$42,374$35,316
7 years$45,542$42,485$39,626$36,955$34,461$27,746
8 years$39,447$36,417$33,606$31,001$28,589$22,213
9 years$34,709$31,708$28,945$26,406$24,076$18,034
10 years$30,921$27,949$25,235$22,762$20,514$14,799
11 years$27,823$24,881$22,216$19,810$17,643$12,247
12 years$25,244$22,332$19,716$17,376$15,289$10,202
13 years$23,063$20,182$17,615$15,340$13,332$8,544
14 years$21,195$18,345$15,827$13,617$11,687$7,187
15 years$19,578$16,758$14,290$12,144$10,290$6,067
16 years$18,165$15,375$12,956$10,874$9,094$5,137
17 years$16,918$14,160$11,790$9,770$8,064$4,361
18 years$15,812$13,085$10,762$8,805$7,170$3,709
19 years$14,823$12,127$9,852$7,956$6,391$3,160
20 years$13,935$11,269$9,042$7,206$5,708$2,697
21 years$13,132$10,496$8,317$6,540$5,108$2,304
22 years$12,402$9,798$7,665$5,946$4,579$1,970
23 years$11,738$9,164$7,078$5,415$4,110$1,687
24 years$11,129$8,586$6,546$4,939$3,694$1,445
25 years$10,570$8,057$6,062$4,510$3,324$1,239
26 years$10,055$7,573$5,623$4,124$2,994$1,062
27 years$9,579$7,127$5,221$3,775$2,700$912
28 years$9,138$6,716$4,854$3,459$2,436$783
29 years$8,728$6,335$4,517$3,172$2,200$672
30 years$8,346$5,983$4,207$2,911$1,988$577
31 years$7,989$5,656$3,922$2,673$1,797$496
32 years$7,655$5,352$3,660$2,457$1,625$426
33 years$7,342$5,068$3,417$2,259$1,471$367
34 years$7,049$4,803$3,193$2,079$1,332$315
35 years$6,772$4,556$2,985$1,914$1,206$271
36 years$6,512$4,324$2,792$1,762$1,093$233
37 years$6,266$4,107$2,614$1,624$991$200
38 years$6,034$3,903$2,447$1,497$898$172
39 years$5,814$3,712$2,293$1,380$814$148
40 years$5,605$3,531$2,149$1,273$739$128
41 years$5,408$3,361$2,015$1,174$670$110
42 years$5,220$3,201$1,890$1,084$608$94
43 years$5,041$3,050$1,774$1,000$552$81
44 years$4,871$2,907$1,665$924$501$70
45 years$4,709$2,773$1,563$853$455$60
46 years$4,555$2,645$1,468$788$413$52
47 years$4,408$2,524$1,380$728$375$45
48 years$4,267$2,410$1,296$673$341$38
49 years$4,132$2,301$1,219$622$309$33
50 years$4,003$2,198$1,146$575$281$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,100,000, adding $3,310 every year, while hoping to spend $27,332 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: 61/29/10 Blend
58$4,100,000$4,100,000$4,100,000$4,100,000
59$4,521,614$4,304,314$4,240,764$4,786,946
60$4,953,738$4,486,145$4,353,749$5,147,012
61$5,429,022$4,675,969$4,469,602$5,536,300
62$5,951,840$4,874,149$4,588,392$5,960,390
63$6,527,011$5,081,066$4,710,186$6,422,643
64$7,159,844$5,297,116$4,835,056$6,926,756
65$7,856,190$5,522,715$4,963,071$7,476,796
66$8,622,492$5,758,300$5,094,305$8,077,235
67$9,465,854$6,004,324$5,228,832$8,732,994
68$10,394,101$6,261,266$5,366,728$9,449,487
69$11,415,855$6,529,623$5,508,069$10,232,669
70$12,540,616$6,809,920$5,652,933$11,089,093
71$13,778,855$7,102,701$5,801,402$12,025,973
72$15,142,105$7,408,540$5,953,556$13,051,244
73$16,643,078$7,728,037$6,109,478$14,173,642
74$18,295,778$8,061,818$6,269,253$15,402,782
75$20,115,641$8,410,539$6,432,965$16,749,247
76$22,119,670$8,774,890$6,600,704$18,224,687
77$24,326,606$9,155,589$6,772,557$19,841,927
78$26,757,097$9,553,390$6,948,615$21,615,087
79$29,433,898$9,969,083$7,128,970$23,559,711
80$32,382,081$10,403,493$7,313,716$25,692,916
81$35,629,275$10,857,487$7,502,947$28,033,547
82$39,205,926$11,331,968$7,696,761$30,602,356
83$43,145,583$11,827,887$7,895,255$33,422,194
84$47,485,215$12,346,237$8,098,529$36,518,227
85$52,265,562$12,888,057$8,306,685$39,918,165
86$57,531,515$13,454,438$8,519,824$43,652,530
87$63,332,543$14,046,519$8,738,052$47,754,932
88$69,723,160$14,665,496$8,961,475$52,262,391
89$76,763,437$15,312,620$9,190,199$57,215,680
90$84,519,570$15,989,201$9,424,333$62,659,708
91$93,064,507$16,696,612$9,663,988$68,643,940
92$102,478,630$17,436,290$9,909,276$75,222,862
93$112,850,524$18,209,741$10,160,310$82,456,489
94$124,277,801$19,018,542$10,417,204$90,410,931
95$136,868,030$19,864,345$10,680,074$99,159,015
96$150,739,751$20,748,879$10,949,038$108,780,961
97$166,023,590$21,673,958$11,224,215$119,365,144
98$182,863,494$22,641,480$11,505,724$131,008,919
99$201,418,092$23,653,434$11,793,687$143,819,535
100$221,862,188$24,711,903$12,088,226$157,915,148