Can I retire at age 59 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$379,864$376,480$373,179$369,957$366,810$359,993
2 years$188,051$184,549$181,155$177,864$174,672$167,829
3 years$124,122$120,605$117,219$113,959$110,819$104,164
4 years$92,164$88,657$85,306$82,101$79,037$72,621
5 years$72,994$69,508$66,201$63,062$60,083$53,924
6 years$60,218$56,759$53,500$50,431$47,541$41,647
7 years$51,096$47,666$44,459$41,462$38,664$33,035
8 years$44,258$40,859$37,704$34,781$32,075$26,711
9 years$38,942$35,575$32,475$29,626$27,012$21,909
10 years$34,692$31,357$28,312$25,538$23,016$18,168
11 years$31,216$27,916$24,926$22,226$19,794$15,198
12 years$28,322$25,056$22,121$19,495$17,153$12,801
13 years$25,876$22,643$19,764$17,211$14,958$10,843
14 years$23,780$20,582$17,758$15,278$13,112$9,227
15 years$21,966$18,802$16,033$13,625$11,545$7,882
16 years$20,380$17,250$14,536$12,200$10,203$6,755
17 years$18,982$15,887$13,227$10,962$9,047$5,804
18 years$17,740$14,680$12,075$9,879$8,044$4,999
19 years$16,631$13,605$11,054$8,926$7,170$4,314
20 years$15,634$12,643$10,145$8,084$6,404$3,728
21 years$14,733$11,776$9,331$7,337$5,731$3,227
22 years$13,915$10,993$8,600$6,671$5,137$2,796
23 years$13,169$10,281$7,941$6,075$4,611$2,426
24 years$12,487$9,633$7,344$5,541$4,145$2,106
25 years$11,860$9,040$6,802$5,061$3,730$1,830
26 years$11,282$8,496$6,308$4,627$3,360$1,591
27 years$10,748$7,996$5,858$4,235$3,029$1,384
28 years$10,252$7,534$5,446$3,880$2,733$1,205
29 years$9,792$7,108$5,068$3,558$2,468$1,049
30 years$9,364$6,713$4,720$3,266$2,230$914
31 years$8,963$6,346$4,401$2,999$2,016$797
32 years$8,589$6,004$4,106$2,756$1,824$694
33 years$8,238$5,686$3,834$2,535$1,650$605
34 years$7,908$5,389$3,582$2,332$1,494$528
35 years$7,598$5,112$3,349$2,147$1,353$461
36 years$7,306$4,852$3,133$1,977$1,226$402
37 years$7,030$4,608$2,932$1,822$1,111$351
38 years$6,769$4,379$2,746$1,679$1,008$306
39 years$6,523$4,164$2,573$1,548$914$267
40 years$6,289$3,962$2,411$1,428$829$233
41 years$6,067$3,771$2,261$1,318$752$203
42 years$5,856$3,592$2,121$1,216$682$178
43 years$5,656$3,422$1,990$1,122$619$155
44 years$5,465$3,262$1,868$1,036$562$135
45 years$5,284$3,111$1,754$957$510$118
46 years$5,110$2,967$1,648$884$463$103
47 years$4,945$2,832$1,548$817$421$90
48 years$4,787$2,703$1,455$755$382$79
49 years$4,636$2,582$1,367$698$347$69
50 years$4,491$2,466$1,285$645$315$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $4,600,000, adding $6,322 every year, while hoping to spend $51,773 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: 47/32/21 Blend
58$4,600,000$4,600,000$4,600,000$4,600,000
59$5,075,721$4,831,921$4,760,621$5,283,659
60$5,538,359$5,013,599$4,865,016$5,611,273
61$6,046,450$5,202,444$4,971,173$5,960,988
62$6,604,577$5,398,753$5,079,096$6,339,511
63$7,217,786$5,602,834$5,188,788$6,749,560
64$7,891,638$5,815,011$5,300,251$7,194,124
65$8,632,259$6,035,621$5,413,483$7,676,490
66$9,446,397$6,265,014$5,528,482$8,200,269
67$10,341,487$6,503,557$5,645,244$8,769,435
68$11,325,720$6,751,633$5,763,761$9,388,358
69$12,408,122$7,009,640$5,884,024$10,061,843
70$13,598,634$7,277,996$6,006,023$10,795,179
71$14,908,212$7,557,136$6,129,742$11,594,182
72$16,348,926$7,847,512$6,255,165$12,465,253
73$17,934,076$8,149,600$6,382,273$13,415,434
74$19,678,314$8,463,892$6,511,041$14,452,478
75$21,597,786$8,790,907$6,641,445$15,584,912
76$23,710,281$9,131,182$6,773,454$16,822,127
77$26,035,400$9,485,280$6,907,035$18,174,456
78$28,594,741$9,853,790$7,042,151$19,653,276
79$31,412,103$10,237,324$7,178,762$21,271,108
80$34,513,708$10,636,523$7,316,820$23,041,741
81$37,928,450$11,052,056$7,456,277$24,980,354
82$41,688,167$11,484,622$7,597,078$27,103,659
83$45,827,943$11,934,951$7,739,163$29,430,061
84$50,386,434$12,403,805$7,882,466$31,979,823
85$55,406,239$12,891,980$8,026,917$34,775,260
86$60,934,296$13,400,308$8,172,440$37,840,947
87$67,022,329$13,929,657$8,318,951$41,203,948
88$73,727,332$14,480,936$8,466,361$44,894,067
89$81,112,110$15,055,092$8,614,575$48,944,131
90$89,245,870$15,653,117$8,763,488$53,390,296
91$98,204,874$16,276,044$8,912,990$58,272,385
92$108,073,158$16,924,957$9,062,962$63,634,261
93$118,943,326$17,600,986$9,213,277$69,524,240
94$130,917,422$18,305,311$9,363,798$75,995,540
95$144,107,895$19,039,167$9,514,382$83,106,788
96$158,638,658$19,803,844$9,664,871$90,922,563
97$174,646,260$20,600,691$9,815,103$99,514,006
98$192,281,170$21,431,117$9,964,901$108,959,487
99$211,709,202$22,296,595$10,114,078$119,345,341
100$233,113,078$23,198,665$10,262,437$130,766,681