Can I retire at age 59 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$437,669$433,771$429,967$426,254$422,629$414,605
2 years$216,668$212,633$208,722$204,930$201,252$193,199
3 years$143,010$138,958$135,057$131,301$127,683$119,852
4 years$106,189$102,149$98,287$94,595$91,064$83,516
5 years$84,102$80,086$76,275$72,658$69,226$61,982
6 years$69,382$65,396$61,641$58,105$54,776$47,844
7 years$58,872$54,920$51,224$47,771$44,547$37,929
8 years$50,993$47,076$43,442$40,074$36,956$30,650
9 years$44,868$40,988$37,417$34,134$31,123$25,125
10 years$39,971$36,129$32,621$29,424$26,518$20,823
11 years$35,967$32,164$28,719$25,608$22,806$17,407
12 years$32,632$28,868$25,487$22,461$19,764$14,653
13 years$29,813$26,089$22,771$19,830$17,234$12,403
14 years$27,399$23,714$20,460$17,603$15,107$10,548
15 years$25,308$21,663$18,473$15,699$13,302$9,004
16 years$23,481$19,875$16,748$14,057$11,756$7,711
17 years$21,870$18,304$15,240$12,630$10,424$6,621
18 years$20,440$16,914$13,912$11,382$9,268$5,698
19 years$19,162$15,676$12,736$10,285$8,261$4,913
20 years$18,013$14,567$11,688$9,315$7,379$4,243
21 years$16,975$13,568$10,751$8,454$6,603$3,670
22 years$16,032$12,666$9,909$7,686$5,919$3,178
23 years$15,173$11,846$9,149$7,000$5,313$2,755
24 years$14,387$11,099$8,461$6,384$4,776$2,390
25 years$13,664$10,416$7,837$5,831$4,297$2,075
26 years$12,998$9,789$7,268$5,331$3,871$1,803
27 years$12,383$9,213$6,749$4,880$3,490$1,567
28 years$11,813$8,681$6,274$4,471$3,149$1,363
29 years$11,282$8,190$5,839$4,100$2,843$1,186
30 years$10,789$7,734$5,439$3,763$2,569$1,032
31 years$10,327$7,311$5,070$3,456$2,323$899
32 years$9,896$6,918$4,731$3,176$2,101$783
33 years$9,492$6,551$4,417$2,921$1,902$682
34 years$9,112$6,209$4,127$2,687$1,722$594
35 years$8,754$5,889$3,858$2,474$1,559$518
36 years$8,418$5,590$3,610$2,278$1,413$451
37 years$8,100$5,309$3,378$2,099$1,281$394
38 years$7,800$5,046$3,164$1,935$1,161$343
39 years$7,515$4,798$2,964$1,784$1,053$299
40 years$7,246$4,565$2,778$1,645$955$261
41 years$6,990$4,345$2,605$1,518$866$228
42 years$6,748$4,138$2,444$1,401$786$198
43 years$6,517$3,943$2,293$1,293$713$173
44 years$6,297$3,758$2,152$1,194$648$151
45 years$6,088$3,584$2,021$1,103$588$132
46 years$5,888$3,419$1,898$1,019$534$115
47 years$5,698$3,263$1,783$941$485$100
48 years$5,515$3,115$1,676$870$440$87
49 years$5,341$2,974$1,575$804$400$76
50 years$5,175$2,841$1,481$743$363$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,300,000, adding $3,251 every year, while hoping to spend $47,715 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: 43/32/25 Blend
58$5,300,000$5,300,000$5,300,000$5,300,000
59$5,843,953$5,563,053$5,480,903$6,052,522
60$6,389,268$5,784,875$5,613,745$6,423,385
61$6,988,606$6,015,966$5,749,438$6,820,128
62$7,647,427$6,256,731$5,888,027$7,249,057
63$8,371,745$6,507,592$6,029,557$7,713,175
64$9,168,190$6,768,990$6,174,074$8,215,783
65$10,044,061$7,041,387$6,321,621$8,760,506
66$11,007,403$7,325,263$6,472,243$9,351,331
67$12,067,080$7,621,123$6,625,986$9,992,638
68$13,232,858$7,929,493$6,782,891$10,689,242
69$14,515,494$8,250,923$6,943,003$11,446,439
70$15,926,846$8,585,990$7,106,365$12,270,049
71$17,479,975$8,935,294$7,273,019$13,166,477
72$19,189,274$9,299,465$7,443,007$14,142,763
73$21,070,601$9,679,160$7,616,369$15,206,655
74$23,141,430$10,075,066$7,793,145$16,366,673
75$25,421,015$10,487,903$7,973,374$17,632,192
76$27,930,571$10,918,423$8,157,094$19,013,529
77$30,693,475$11,367,412$8,344,343$20,522,034
78$33,735,486$11,835,691$8,535,155$22,170,198
79$37,084,987$12,324,121$8,729,564$23,971,769
80$40,773,254$12,833,602$8,927,603$25,941,878
81$44,834,751$13,365,074$9,129,303$28,097,180
82$49,307,453$13,919,520$9,334,692$30,456,007
83$54,233,207$14,497,970$9,543,798$33,038,541
84$59,658,124$15,101,501$9,756,645$35,867,002
85$65,633,017$15,731,238$9,973,257$38,965,850
86$72,213,876$16,388,360$10,193,652$42,362,020
87$79,462,401$17,074,099$10,417,849$46,085,165
88$87,446,581$17,789,745$10,645,862$50,167,940
89$96,241,336$18,536,647$10,877,702$54,646,303
90$105,929,225$19,316,215$11,113,378$59,559,851
91$116,601,224$20,129,928$11,352,894$64,952,192
92$128,357,584$20,979,329$11,596,251$70,871,349
93$141,308,778$21,866,037$11,843,447$77,370,215
94$155,576,544$22,791,744$12,094,473$84,507,040
95$171,295,032$23,758,219$12,349,318$92,345,987
96$188,612,070$24,767,317$12,607,965$100,957,722
97$207,690,562$25,820,976$12,870,392$110,420,085
98$228,710,022$26,921,227$13,136,573$120,818,815
99$251,868,270$28,070,193$13,406,474$132,248,356
100$277,383,299$29,270,098$13,680,057$144,812,742