Can I retire at age 59 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$445,927$441,955$438,080$434,297$430,604$426,284
2 years$220,756$216,645$212,660$208,797$205,049$200,699
3 years$145,709$141,580$137,605$133,778$130,092$125,845
4 years$108,192$104,076$100,141$96,380$92,783$88,672
5 years$85,689$81,597$77,714$74,029$70,532$66,570
6 years$70,691$66,630$62,804$59,201$55,809$52,001
7 years$59,983$55,956$52,191$48,673$45,388$41,735
8 years$51,955$47,964$44,262$40,830$37,654$34,156
9 years$45,714$41,762$38,123$34,778$31,710$28,366
10 years$40,725$36,811$33,236$29,979$27,018$23,826
11 years$36,645$32,771$29,261$26,091$23,237$20,193
12 years$33,248$29,413$25,968$22,885$20,136$17,239
13 years$30,376$26,581$23,201$20,204$17,559$14,805
14 years$27,916$24,161$20,846$17,935$15,392$12,777
15 years$25,786$22,072$18,821$15,995$13,553$11,072
16 years$23,924$20,250$17,064$14,322$11,978$9,628
17 years$22,283$18,650$15,528$12,868$10,620$8,397
18 years$20,826$17,233$14,175$11,597$9,443$7,342
19 years$19,523$15,972$12,976$10,479$8,417$6,433
20 years$18,353$14,842$11,909$9,490$7,518$5,648
21 years$17,295$13,824$10,954$8,613$6,728$4,966
22 years$16,335$12,905$10,096$7,831$6,031$4,373
23 years$15,459$12,069$9,322$7,132$5,413$3,855
24 years$14,658$11,308$8,621$6,505$4,866$3,403
25 years$13,922$10,612$7,985$5,941$4,378$3,006
26 years$13,244$9,974$7,405$5,432$3,944$2,658
27 years$12,617$9,386$6,877$4,972$3,556$2,351
28 years$12,035$8,845$6,393$4,555$3,208$2,082
29 years$11,495$8,344$5,949$4,177$2,897$1,844
30 years$10,992$7,880$5,541$3,834$2,618$1,634
31 years$10,522$7,449$5,166$3,521$2,367$1,449
32 years$10,083$7,049$4,820$3,236$2,141$1,285
33 years$9,671$6,675$4,500$2,976$1,937$1,141
34 years$9,284$6,326$4,205$2,738$1,754$1,012
35 years$8,920$6,001$3,931$2,520$1,589$899
36 years$8,576$5,695$3,678$2,321$1,440$798
37 years$8,253$5,409$3,442$2,139$1,305$709
38 years$7,947$5,141$3,223$1,971$1,183$630
39 years$7,657$4,888$3,020$1,818$1,073$560
40 years$7,383$4,651$2,831$1,676$973$497
41 years$7,122$4,427$2,654$1,547$883$442
42 years$6,875$4,216$2,490$1,427$801$393
43 years$6,640$4,017$2,336$1,318$727$349
44 years$6,416$3,829$2,193$1,217$660$310
45 years$6,203$3,652$2,059$1,124$599$276
46 years$5,999$3,484$1,934$1,038$544$245
47 years$5,805$3,324$1,817$959$494$218
48 years$5,619$3,174$1,707$886$448$194
49 years$5,442$3,031$1,605$819$407$173
50 years$5,272$2,895$1,509$757$370$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,400,000, adding $4,461 every year, while hoping to spend $25,488 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: 63/21/16 Blend
58$5,400,000$5,400,000$5,400,000$5,400,000
59$5,955,402$5,669,202$5,585,502$6,306,716
60$6,535,733$5,919,873$5,745,497$6,793,830
61$7,174,405$6,181,974$5,909,998$7,322,242
62$7,877,340$6,456,036$6,079,128$7,898,673
63$8,651,065$6,742,619$6,253,016$8,527,797
64$9,502,773$7,042,306$6,431,791$9,214,759
65$10,440,388$7,355,711$6,615,588$9,965,217
66$11,472,642$7,683,475$6,804,544$10,785,399
67$12,609,157$8,026,271$6,998,802$11,682,155
68$13,860,535$8,384,803$7,198,506$12,663,025
69$15,238,459$8,759,807$7,403,805$13,736,308
70$16,755,802$9,152,058$7,614,853$14,911,137
71$18,426,748$9,562,364$7,831,806$16,197,563
72$20,266,930$9,991,573$8,054,825$17,606,653
73$22,293,572$10,440,574$8,284,076$19,150,587
74$24,525,652$10,910,298$8,519,728$20,842,776
75$26,984,085$11,401,720$8,761,956$22,697,983
76$29,691,918$11,915,861$9,010,938$24,732,464
77$32,674,548$12,453,792$9,266,858$26,964,117
78$35,959,958$13,016,634$9,529,904$29,412,647
79$39,578,987$13,605,562$9,800,269$32,099,756
80$43,565,617$14,221,808$10,078,152$35,049,340
81$47,957,295$14,866,662$10,363,755$38,287,716
82$52,795,286$15,541,475$10,657,287$41,843,863
83$58,125,062$16,247,664$10,958,963$45,749,700
84$63,996,731$16,986,713$11,269,001$50,040,377
85$70,465,513$17,760,177$11,587,628$54,754,612
86$77,592,255$18,569,685$11,915,074$59,935,045
87$85,444,012$19,416,947$12,251,575$65,628,646
88$94,094,674$20,303,750$12,597,376$71,887,148
89$103,625,668$21,231,971$12,952,726$78,767,537
90$114,126,724$22,203,576$13,317,880$86,332,585
91$125,696,722$23,220,622$13,693,100$94,651,436
92$138,444,624$24,285,270$14,078,656$103,800,260
93$152,490,509$25,399,781$14,474,824$113,862,966
94$167,966,696$26,566,526$14,881,886$124,931,988
95$185,019,003$27,787,989$15,300,133$137,109,155
96$203,808,115$29,066,774$15,729,861$150,506,650
97$224,511,108$30,405,611$16,171,376$165,248,060
98$247,323,114$31,807,360$16,624,991$181,469,539
99$272,459,170$33,275,019$17,091,026$199,321,093
100$300,156,240$34,811,729$17,569,810$218,967,983