Can I retire at age 59 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$355,090$351,927$348,841$345,829$342,888$335,143
2 years$175,787$172,513$169,340$166,264$163,280$155,519
3 years$116,027$112,739$109,574$106,527$103,592$96,056
4 years$86,153$82,875$79,742$76,747$73,882$66,631
5 years$68,234$64,975$61,883$58,949$56,164$49,217
6 years$56,291$53,057$50,011$47,142$44,441$37,806
7 years$47,764$44,557$41,559$38,758$36,142$29,820
8 years$41,371$38,194$35,245$32,513$29,984$23,971
9 years$36,402$33,255$30,357$27,694$25,250$19,544
10 years$32,429$29,312$26,466$23,872$21,515$16,108
11 years$29,181$26,095$23,300$20,776$18,503$13,389
12 years$26,475$23,422$20,678$18,223$16,035$11,205
13 years$24,188$21,166$18,475$16,089$13,982$9,428
14 years$22,229$19,239$16,600$14,282$12,257$7,969
15 years$20,533$17,576$14,987$12,737$10,792$6,760
16 years$19,051$16,125$13,588$11,404$9,538$5,753
17 years$17,744$14,851$12,365$10,247$8,457$4,908
18 years$16,583$13,723$11,287$9,234$7,520$4,196
19 years$15,546$12,718$10,333$8,344$6,702$3,594
20 years$14,614$11,818$9,483$7,557$5,987$3,083
21 years$13,772$11,008$8,723$6,859$5,357$2,648
22 years$13,007$10,276$8,039$6,236$4,802$2,277
23 years$12,310$9,611$7,423$5,679$4,311$1,960
24 years$11,672$9,005$6,865$5,180$3,875$1,688
25 years$11,086$8,450$6,358$4,731$3,487$1,456
26 years$10,546$7,942$5,897$4,325$3,141$1,255
27 years$10,047$7,474$5,476$3,959$2,831$1,083
28 years$9,584$7,043$5,090$3,627$2,555$935
29 years$9,154$6,644$4,737$3,326$2,307$808
30 years$8,753$6,275$4,412$3,053$2,085$698
31 years$8,379$5,932$4,114$2,804$1,885$603
32 years$8,029$5,613$3,838$2,577$1,705$522
33 years$7,701$5,315$3,584$2,369$1,543$451
34 years$7,393$5,038$3,348$2,180$1,397$390
35 years$7,103$4,778$3,130$2,007$1,265$337
36 years$6,829$4,535$2,928$1,848$1,146$292
37 years$6,572$4,307$2,741$1,703$1,039$252
38 years$6,328$4,094$2,567$1,570$942$218
39 years$6,097$3,893$2,405$1,447$854$189
40 years$5,879$3,704$2,254$1,335$775$164
41 years$5,671$3,525$2,114$1,232$703$142
42 years$5,475$3,357$1,983$1,137$638$123
43 years$5,287$3,199$1,860$1,049$579$106
44 years$5,109$3,049$1,746$969$525$92
45 years$4,939$2,908$1,640$895$477$79
46 years$4,777$2,774$1,540$826$433$69
47 years$4,623$2,647$1,447$764$393$60
48 years$4,475$2,527$1,360$706$357$52
49 years$4,334$2,413$1,278$652$324$45
50 years$4,198$2,305$1,202$603$295$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,300,000, adding $2,863 every year, while hoping to spend $42,377 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: 74/13/13 Blend
58$4,300,000$4,300,000$4,300,000$4,300,000
59$4,741,553$4,513,653$4,447,003$5,079,391
60$5,180,103$4,689,733$4,550,889$5,479,131
61$5,661,964$4,873,021$4,656,835$5,911,431
62$6,191,510$5,063,825$4,764,865$6,383,926
63$6,773,559$5,262,467$4,875,002$6,900,591
64$7,413,418$5,469,284$4,987,271$7,465,805
65$8,116,935$5,684,627$5,101,692$8,084,387
66$8,890,552$5,908,863$5,218,288$8,761,644
67$9,741,366$6,142,376$5,337,080$9,503,418
68$10,677,200$6,385,567$5,458,086$10,316,145
69$11,706,668$6,638,853$5,581,325$11,206,911
70$12,839,264$6,902,673$5,706,816$12,183,520
71$14,085,449$7,177,483$5,834,574$13,254,566
72$15,456,746$7,463,762$5,964,614$14,429,516
73$16,965,855$7,762,007$6,096,949$15,718,793
74$18,626,768$8,072,741$6,231,592$17,133,882
75$20,454,901$8,396,508$6,368,554$18,687,431
76$22,467,242$8,733,878$6,507,841$20,393,371
77$24,682,509$9,085,447$6,649,463$22,267,049
78$27,121,327$9,451,836$6,793,422$24,325,370
79$29,806,423$9,833,695$6,939,721$26,586,956
80$32,762,837$10,231,706$7,088,361$29,072,321
81$36,018,165$10,646,578$7,239,340$31,804,064
82$39,602,813$11,079,055$7,392,653$34,807,082
83$43,550,284$11,529,913$7,548,291$38,108,803
84$47,897,499$11,999,965$7,706,245$41,739,442
85$52,685,140$12,490,060$7,866,500$45,732,291
86$57,958,037$13,001,085$8,029,040$50,124,025
87$63,765,588$13,533,969$8,193,844$54,955,053
88$70,162,227$14,089,683$8,360,888$60,269,893
89$77,207,940$14,669,243$8,530,142$66,117,597
90$84,968,823$15,273,710$8,701,576$72,552,208
91$93,517,716$15,904,194$8,875,151$79,633,269
92$102,934,881$16,561,857$9,050,827$87,426,387
93$113,308,765$17,247,915$9,228,556$96,003,849
94$124,736,833$17,963,636$9,408,286$105,445,301
95$137,326,486$18,710,351$9,589,960$115,838,501
96$151,196,079$19,489,450$9,773,515$127,280,147
97$166,476,033$20,302,386$9,958,882$139,876,782
98$183,310,067$21,150,682$10,145,983$153,745,807
99$201,856,558$22,035,929$10,334,738$169,016,578
100$222,290,030$22,959,793$10,525,054$185,831,633