Can I retire at age 59 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$412,895$409,217$405,629$402,127$398,707$387,186
2 years$204,404$200,597$196,907$193,330$189,860$178,344
3 years$134,915$131,092$127,412$123,869$120,455$109,305
4 years$100,178$96,367$92,723$89,240$85,910$75,211
5 years$79,341$75,553$71,957$68,545$65,307$55,090
6 years$65,455$61,694$58,152$54,816$51,675$41,948
7 years$55,539$51,811$48,325$45,067$42,026$32,789
8 years$48,106$44,411$40,983$37,806$34,865$26,112
9 years$42,328$38,668$35,299$32,202$29,361$21,085
10 years$37,708$34,084$30,774$27,759$25,017$17,206
11 years$33,931$30,343$27,093$24,158$21,515$14,156
12 years$30,785$27,234$24,044$21,190$18,645$11,723
13 years$28,126$24,612$21,482$18,708$16,259$9,759
14 years$25,848$22,371$19,302$16,607$14,252$8,158
15 years$23,876$20,437$17,427$14,810$12,549$6,844
16 years$22,152$18,750$15,800$13,261$11,091$5,757
17 years$20,632$17,268$14,377$11,915$9,834$4,855
18 years$19,283$15,957$13,125$10,738$8,744$4,102
19 years$18,077$14,789$12,015$9,702$7,793$3,472
20 years$16,993$13,742$11,027$8,787$6,961$2,942
21 years$16,014$12,800$10,143$7,975$6,230$2,496
22 years$15,125$11,949$9,348$7,251$5,584$2,120
23 years$14,314$11,175$8,631$6,604$5,012$1,802
24 years$13,572$10,471$7,982$6,023$4,505$1,533
25 years$12,891$9,826$7,393$5,501$4,054$1,305
26 years$12,263$9,235$6,857$5,029$3,652$1,111
27 years$11,682$8,691$6,367$4,604$3,292$946
28 years$11,144$8,190$5,919$4,218$2,971$806
29 years$10,644$7,726$5,508$3,868$2,683$687
30 years$10,178$7,296$5,131$3,550$2,424$586
31 years$9,743$6,898$4,783$3,260$2,191$500
32 years$9,336$6,526$4,463$2,996$1,982$426
33 years$8,954$6,181$4,167$2,755$1,794$364
34 years$8,596$5,858$3,893$2,535$1,624$310
35 years$8,259$5,556$3,640$2,334$1,471$265
36 years$7,941$5,274$3,405$2,149$1,333$226
37 years$7,641$5,009$3,187$1,980$1,208$193
38 years$7,358$4,760$2,985$1,825$1,095$165
39 years$7,090$4,526$2,796$1,683$993$141
40 years$6,836$4,306$2,621$1,552$901$120
41 years$6,595$4,099$2,458$1,432$817$103
42 years$6,366$3,904$2,305$1,322$742$88
43 years$6,148$3,720$2,163$1,220$673$75
44 years$5,941$3,546$2,031$1,127$611$64
45 years$5,743$3,381$1,907$1,040$555$54
46 years$5,555$3,225$1,791$961$504$47
47 years$5,375$3,078$1,682$888$457$40
48 years$5,203$2,938$1,581$820$415$34
49 years$5,039$2,806$1,486$758$377$29
50 years$4,882$2,680$1,397$701$343$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,000,000, adding $2,250 every year, while hoping to spend $23,701 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: 64/27/9 Blend
58$5,000,000$5,000,000$5,000,000$5,000,000
59$5,512,321$5,247,321$5,169,821$5,854,610
60$6,049,360$5,479,222$5,317,792$6,315,063
61$6,640,383$5,721,692$5,469,926$6,814,790
62$7,290,870$5,975,223$5,626,337$7,359,989
63$8,006,862$6,240,333$5,787,143$7,955,077
64$8,795,014$6,517,560$5,952,464$8,604,912
65$9,662,658$6,807,473$6,122,424$9,314,838
66$10,617,873$7,110,664$6,297,150$10,090,733
67$11,669,564$7,427,755$6,476,772$10,939,065
68$12,827,541$7,759,395$6,661,425$11,866,949
69$14,102,613$8,106,269$6,851,245$12,882,216
70$15,506,692$8,469,089$7,046,375$13,993,482
71$17,052,904$8,848,603$7,246,958$15,210,230
72$18,755,713$9,245,597$7,453,143$16,542,897
73$20,631,055$9,660,891$7,665,083$18,002,969
74$22,696,494$10,095,346$7,882,934$19,603,093
75$24,971,381$10,549,862$8,106,857$21,357,186
76$27,477,041$11,025,385$8,337,017$23,280,572
77$30,236,975$11,522,904$8,573,582$25,390,120
78$33,277,075$12,043,456$8,816,726$27,704,404
79$36,625,878$12,588,126$9,066,627$30,243,872
80$40,314,826$13,158,053$9,323,468$33,031,041
81$44,378,570$13,754,430$9,587,436$36,090,704
82$48,855,293$14,378,505$9,858,724$39,450,162
83$53,787,069$15,031,588$10,137,528$43,139,479
84$59,220,266$15,715,052$10,424,051$47,191,764
85$65,205,977$16,430,333$10,718,500$51,643,480
86$71,800,505$17,178,938$11,021,088$56,534,782
87$79,065,896$17,962,445$11,332,034$61,909,897
88$87,070,522$18,782,509$11,651,562$67,817,537
89$95,889,726$19,640,864$11,979,900$74,311,352
90$105,606,537$20,539,325$12,317,285$81,450,436
91$116,312,448$21,479,796$12,663,959$89,299,881
92$128,108,284$22,464,273$13,020,168$97,931,384
93$141,105,153$23,494,846$13,386,168$107,423,923
94$155,425,492$24,573,707$13,762,218$117,864,496
95$171,204,225$25,703,151$14,148,585$129,348,938
96$188,590,038$26,885,587$14,545,544$141,982,819
97$207,746,776$28,123,536$14,953,374$155,882,440
98$228,855,000$29,419,641$15,372,365$171,175,921
99$252,113,681$30,776,675$15,802,810$188,004,404
100$277,742,085$32,197,540$16,245,013$206,523,385