Can I retire at age 59 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$371,606$368,296$365,066$361,914$358,836$355,533
2 years$183,963$180,537$177,217$173,997$170,874$167,546
3 years$121,424$117,983$114,671$111,482$108,410$105,160
4 years$90,160$86,730$83,451$80,316$77,319$74,172
5 years$71,407$67,997$64,761$61,691$58,776$55,742
6 years$58,909$55,525$52,337$49,334$46,508$43,590
7 years$49,985$46,630$43,492$40,561$37,823$35,023
8 years$43,296$39,970$36,885$34,025$31,378$28,696
9 years$38,095$34,801$31,769$28,982$26,425$23,859
10 years$33,937$30,676$27,697$24,983$22,515$20,065
11 years$30,538$27,309$24,384$21,742$19,364$17,027
12 years$27,707$24,511$21,640$19,071$16,780$14,554
13 years$25,313$22,151$19,334$16,837$14,633$12,515
14 years$23,263$20,134$17,372$14,946$12,827$10,815
15 years$21,488$18,393$15,684$13,329$11,294$9,384
16 years$19,937$16,875$14,220$11,935$9,982$8,172
17 years$18,569$15,542$12,940$10,723$8,850$7,137
18 years$17,355$14,361$11,812$9,664$7,869$6,249
19 years$16,270$13,310$10,814$8,732$7,014$5,484
20 years$15,294$12,368$9,924$7,909$6,265$4,821
21 years$14,413$11,520$9,128$7,178$5,607$4,246
22 years$13,612$10,754$8,413$6,526$5,026$3,744
23 years$12,883$10,058$7,768$5,943$4,511$3,306
24 years$12,215$9,424$7,184$5,421$4,055$2,922
25 years$11,602$8,844$6,654$4,951$3,649$2,586
26 years$11,036$8,311$6,171$4,527$3,287$2,290
27 years$10,514$7,822$5,731$4,143$2,963$2,029
28 years$10,030$7,371$5,327$3,796$2,674$1,799
29 years$9,579$6,953$4,957$3,481$2,414$1,596
30 years$9,160$6,567$4,618$3,195$2,181$1,417
31 years$8,769$6,208$4,305$2,934$1,972$1,259
32 years$8,402$5,874$4,017$2,697$1,784$1,118
33 years$8,059$5,563$3,750$2,480$1,615$994
34 years$7,736$5,272$3,504$2,282$1,462$884
35 years$7,433$5,000$3,276$2,100$1,324$786
36 years$7,147$4,746$3,065$1,934$1,200$699
37 years$6,877$4,508$2,868$1,782$1,087$622
38 years$6,622$4,284$2,686$1,643$986$553
39 years$6,381$4,074$2,517$1,515$894$493
40 years$6,152$3,876$2,359$1,397$811$438
41 years$5,935$3,689$2,212$1,289$736$390
42 years$5,729$3,514$2,075$1,190$667$348
43 years$5,533$3,348$1,947$1,098$606$309
44 years$5,347$3,191$1,828$1,014$550$276
45 years$5,169$3,043$1,716$936$499$245
46 years$4,999$2,903$1,612$865$453$219
47 years$4,838$2,770$1,514$799$412$195
48 years$4,683$2,645$1,423$738$374$174
49 years$4,535$2,525$1,337$682$339$155
50 years$4,394$2,412$1,257$631$308$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,500,000, adding $2,663 every year, while hoping to spend $25,896 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: 54/41/5 Blend
58$4,500,000$4,500,000$4,500,000$4,500,000
59$4,961,747$4,723,247$4,653,497$5,224,316
60$5,440,292$4,927,133$4,781,836$5,605,738
61$5,966,781$5,140,141$4,913,606$6,017,530
62$6,546,076$5,362,692$5,048,896$6,465,034
63$7,183,536$5,595,224$5,187,794$6,951,631
64$7,885,064$5,838,198$5,330,393$7,481,039
65$8,657,166$6,092,094$5,476,786$8,057,341
66$9,507,008$6,357,419$5,627,070$8,685,022
67$10,442,489$6,634,698$5,781,343$9,369,016
68$11,472,311$6,924,486$5,939,706$10,114,743
69$12,606,062$7,227,362$6,102,261$10,928,165
70$13,854,309$7,543,930$6,269,115$11,815,835
71$15,228,693$7,874,827$6,440,375$12,784,959
72$16,742,043$8,220,718$6,616,151$13,843,465
73$18,408,496$8,582,297$6,796,557$15,000,069
74$20,243,628$8,960,296$6,981,707$16,264,360
75$22,264,604$9,355,476$7,171,720$17,646,887
76$24,490,337$9,768,638$7,366,716$19,159,256
77$26,941,670$10,200,619$7,566,820$20,814,236
78$29,641,568$10,652,297$7,772,156$22,625,877
79$32,615,339$11,124,591$7,982,854$24,609,642
80$35,890,869$11,618,462$8,199,046$26,782,546
81$39,498,890$12,134,919$8,420,866$29,163,316
82$43,473,265$12,675,018$8,648,453$31,772,567
83$47,851,309$13,239,864$8,881,947$34,632,986
84$52,674,142$13,830,617$9,121,491$37,769,548
85$57,987,076$14,448,490$9,367,234$41,209,749
86$63,840,046$15,094,753$9,619,324$44,983,858
87$70,288,074$15,770,740$9,877,915$49,125,198
88$77,391,797$16,477,845$10,143,164$53,670,460
89$85,218,030$17,217,530$10,415,230$58,660,045
90$93,840,406$17,991,326$10,694,277$64,138,434
91$103,340,064$18,800,837$10,980,472$70,154,611
92$113,806,416$19,647,744$11,273,983$76,762,516
93$125,337,996$20,533,808$11,574,987$84,021,549
94$138,043,381$21,460,874$11,883,658$91,997,128
95$152,042,223$22,430,875$12,200,179$100,761,295
96$167,466,378$23,445,836$12,524,733$110,393,394
97$184,461,146$24,507,879$12,857,509$120,980,815
98$203,186,646$25,619,228$13,198,698$132,619,807
99$223,819,327$26,782,213$13,548,497$145,416,383
100$246,553,632$27,999,275$13,907,105$159,487,314