Can I retire at age 59 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$421,153$417,402$413,742$410,169$406,681$393,979
2 years$208,492$204,609$200,846$197,197$193,658$180,973
3 years$137,614$133,714$129,960$126,346$122,864$110,596
4 years$102,182$98,294$94,578$91,025$87,628$75,869
5 years$80,928$77,064$73,396$69,916$66,613$55,396
6 years$66,764$62,928$59,315$55,912$52,709$42,043
7 years$56,650$52,847$49,291$45,969$42,866$32,751
8 years$49,068$45,300$41,803$38,562$35,562$25,990
9 years$43,175$39,442$36,005$32,846$29,948$20,910
10 years$38,462$34,766$31,390$28,314$25,517$16,999
11 years$34,610$30,950$27,635$24,641$21,946$13,932
12 years$31,401$27,779$24,525$21,614$19,018$11,491
13 years$28,688$25,104$21,912$19,082$16,584$9,527
14 years$26,365$22,819$19,688$16,939$14,537$7,932
15 years$24,353$20,846$17,775$15,106$12,800$6,625
16 years$22,595$19,125$16,116$13,526$11,312$5,550
17 years$21,045$17,614$14,665$12,153$10,030$4,659
18 years$19,669$16,276$13,387$10,952$8,919$3,919
19 years$18,439$15,084$12,255$9,896$7,949$3,302
20 years$17,333$14,017$11,247$8,963$7,101$2,786
21 years$16,334$13,056$10,345$8,135$6,354$2,353
22 years$15,427$12,188$9,535$7,396$5,696$1,989
23 years$14,601$11,399$8,804$6,736$5,113$1,682
24 years$13,844$10,680$8,142$6,144$4,595$1,424
25 years$13,149$10,023$7,541$5,611$4,135$1,206
26 years$12,508$9,420$6,994$5,130$3,725$1,022
27 years$11,916$8,865$6,495$4,696$3,358$867
28 years$11,367$8,353$6,038$4,302$3,030$735
29 years$10,857$7,881$5,618$3,945$2,736$623
30 years$10,381$7,442$5,233$3,621$2,472$529
31 years$9,938$7,035$4,879$3,325$2,235$449
32 years$9,523$6,657$4,552$3,056$2,022$381
33 years$9,133$6,304$4,250$2,810$1,830$323
34 years$8,768$5,975$3,971$2,586$1,657$275
35 years$8,424$5,667$3,713$2,380$1,501$233
36 years$8,100$5,379$3,473$2,192$1,360$198
37 years$7,794$5,109$3,251$2,020$1,232$168
38 years$7,505$4,855$3,044$1,862$1,117$143
39 years$7,232$4,617$2,852$1,717$1,013$121
40 years$6,973$4,393$2,673$1,583$919$103
41 years$6,727$4,181$2,507$1,461$834$88
42 years$6,493$3,982$2,351$1,348$756$74
43 years$6,271$3,794$2,207$1,245$686$63
44 years$6,060$3,617$2,071$1,149$623$54
45 years$5,858$3,449$1,945$1,061$566$46
46 years$5,666$3,290$1,827$980$514$39
47 years$5,483$3,140$1,716$906$466$33
48 years$5,307$2,997$1,613$837$424$28
49 years$5,140$2,862$1,516$773$385$24
50 years$4,979$2,734$1,425$715$349$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,100,000, adding $5,368 every year, while hoping to spend $56,436 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: 31/40/29 Blend
58$5,100,000$5,100,000$5,100,000$5,100,000
59$5,625,737$5,355,437$5,276,387$5,750,081
60$6,139,515$5,557,806$5,393,099$6,049,488
61$6,703,806$5,768,200$5,511,828$6,366,243
62$7,323,705$5,986,951$5,632,585$6,706,112
63$8,004,820$6,214,409$5,755,374$7,071,160
64$8,753,333$6,450,937$5,880,200$7,463,653
65$9,576,053$6,696,913$6,007,067$7,886,077
66$10,480,482$6,952,733$6,135,975$8,341,160
67$11,474,884$7,218,810$6,266,923$8,831,900
68$12,568,365$7,495,575$6,399,908$9,361,586
69$13,770,957$7,783,477$6,534,924$9,933,833
70$15,093,713$8,082,985$6,671,962$10,552,612
71$16,548,811$8,394,591$6,811,012$11,222,284
72$18,149,668$8,718,804$6,952,059$11,947,645
73$19,911,068$9,056,159$7,095,087$12,733,964
74$21,849,301$9,407,215$7,240,076$13,587,033
75$23,982,313$9,772,552$7,387,002$14,513,222
76$26,329,880$10,152,778$7,535,838$15,519,533
77$28,913,793$10,548,529$7,686,554$16,613,667
78$31,758,060$10,960,467$7,839,113$17,804,095
79$34,889,136$11,389,284$7,993,478$19,100,132
80$38,336,173$11,835,704$8,149,604$20,512,027
81$42,131,290$12,300,481$8,307,443$22,051,057
82$46,309,881$12,784,404$8,466,942$23,729,626
83$50,910,946$13,288,297$8,628,042$25,561,388
84$55,977,460$13,813,021$8,790,679$27,561,364
85$61,556,777$14,359,475$8,954,782$29,746,089
86$67,701,077$14,928,598$9,120,276$32,133,760
87$74,467,859$15,521,371$9,287,078$34,744,407
88$81,920,482$16,138,820$9,455,097$37,600,078
89$90,128,766$16,782,017$9,624,237$40,725,046
90$99,169,645$17,452,081$9,794,394$44,146,032
91$109,127,898$18,150,182$9,965,455$47,892,455
92$120,096,945$18,877,543$10,137,300$51,996,707
93$132,179,732$19,635,441$10,309,798$56,494,455
94$145,489,700$20,425,213$10,482,812$61,424,970
95$160,151,856$21,248,254$10,656,191$66,831,499
96$176,303,950$22,106,024$10,829,779$72,761,665
97$194,097,781$23,000,047$11,003,405$79,267,916
98$213,700,624$23,931,919$11,176,888$86,408,012
99$235,296,811$24,903,305$11,350,037$94,245,564
100$259,089,468$25,915,950$11,522,645$102,850,637