Can I retire at age 59 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$470,701$466,508$462,417$458,425$454,526$437,356
2 years$233,020$228,680$224,474$220,396$216,441$199,342
3 years$153,804$149,445$145,250$141,210$137,319$120,829
4 years$114,203$109,858$105,705$101,734$97,937$82,181
5 years$90,449$86,130$82,031$78,141$74,450$59,470
6 years$74,618$70,332$66,293$62,490$58,910$44,715
7 years$63,315$59,064$55,090$51,377$47,910$34,496
8 years$54,841$50,629$46,721$43,099$39,746$27,101
9 years$48,254$44,082$40,241$36,711$33,472$21,578
10 years$42,987$38,856$35,083$31,645$28,519$17,355
11 years$38,681$34,591$30,886$27,540$24,528$14,067
12 years$35,095$31,047$27,411$24,157$21,255$11,473
13 years$32,063$28,058$24,490$21,327$18,535$9,402
14 years$29,467$25,504$22,004$18,931$16,248$7,735
15 years$27,218$23,298$19,867$16,884$14,306$6,384
16 years$25,253$21,375$18,012$15,117$12,643$5,282
17 years$23,521$19,686$16,390$13,583$11,210$4,379
18 years$21,983$18,191$14,962$12,241$9,968$3,637
19 years$20,608$16,859$13,697$11,061$8,885$3,025
20 years$19,372$15,666$12,571$10,018$7,936$2,519
21 years$18,256$14,592$11,563$9,092$7,102$2,100
22 years$17,242$13,621$10,657$8,266$6,366$1,752
23 years$16,318$12,740$9,840$7,528$5,714$1,462
24 years$15,472$11,936$9,100$6,866$5,136$1,221
25 years$14,695$11,202$8,428$6,271$4,622$1,020
26 years$13,979$10,528$7,817$5,734$4,163$853
27 years$13,318$9,908$7,259$5,248$3,753$713
28 years$12,704$9,336$6,748$4,808$3,387$596
29 years$12,134$8,808$6,279$4,409$3,058$499
30 years$11,603$8,318$5,849$4,047$2,763$417
31 years$11,107$7,863$5,453$3,717$2,498$349
32 years$10,643$7,440$5,088$3,416$2,260$292
33 years$10,208$7,046$4,750$3,141$2,045$245
34 years$9,799$6,678$4,438$2,890$1,852$205
35 years$9,415$6,334$4,150$2,660$1,677$172
36 years$9,053$6,012$3,882$2,450$1,520$144
37 years$8,711$5,710$3,633$2,257$1,377$120
38 years$8,388$5,426$3,403$2,081$1,249$101
39 years$8,082$5,160$3,188$1,919$1,132$84
40 years$7,793$4,909$2,988$1,770$1,027$71
41 years$7,518$4,673$2,802$1,633$932$59
42 years$7,257$4,451$2,628$1,507$845$50
43 years$7,009$4,241$2,466$1,391$767$41
44 years$6,772$4,042$2,315$1,284$696$35
45 years$6,547$3,855$2,174$1,186$632$29
46 years$6,333$3,677$2,042$1,096$574$24
47 years$6,128$3,509$1,918$1,012$521$20
48 years$5,932$3,350$1,802$935$473$17
49 years$5,744$3,199$1,694$864$430$14
50 years$5,565$3,056$1,593$799$391$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,700,000, adding $5,891 every year, while hoping to spend $20,760 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: 69/17/14 Blend
58$5,700,000$5,700,000$5,700,000$5,700,000
59$6,287,477$5,985,377$5,897,027$6,700,978
60$6,906,711$6,256,572$6,072,488$7,247,930
61$7,588,411$6,540,359$6,253,133$7,843,084
62$8,338,927$6,837,335$6,439,111$8,493,690
63$9,165,255$7,148,122$6,630,578$9,205,201
64$10,075,105$7,473,374$6,827,697$9,983,620
65$11,076,972$7,813,776$7,030,631$10,835,552
66$12,180,217$8,170,045$7,239,551$11,768,267
67$13,395,155$8,542,933$7,454,632$12,789,769
68$14,733,153$8,933,228$7,676,053$13,908,866
69$16,206,734$9,341,756$7,904,001$15,135,257
70$17,829,700$9,769,381$8,138,665$16,479,617
71$19,617,261$10,217,012$8,380,241$17,953,701
72$21,586,174$10,685,598$8,628,931$19,570,450
73$23,754,906$11,176,135$8,884,943$21,344,115
74$26,143,808$11,689,667$9,148,490$23,290,386
75$28,775,304$12,227,288$9,419,792$25,426,541
76$31,674,105$12,790,145$9,699,075$27,771,607
77$34,867,440$13,379,439$9,986,570$30,346,537
78$38,385,317$13,996,429$10,282,518$33,174,407
79$42,260,801$14,642,436$10,587,165$36,280,631
80$46,530,330$15,318,843$10,900,762$39,693,198
81$51,234,057$16,027,100$11,223,571$43,442,937
82$56,416,230$16,768,727$11,555,860$47,563,802
83$62,125,609$17,545,317$11,897,904$52,093,194
84$68,415,923$18,358,540$12,249,987$57,072,307
85$75,346,386$19,210,147$12,612,400$62,546,518
86$82,982,244$20,101,971$12,985,442$68,565,813
87$91,395,402$21,035,937$13,369,423$75,185,252
88$100,665,095$22,014,059$13,764,660$82,465,491
89$110,878,638$23,038,451$14,171,480$90,473,345
90$122,132,251$24,111,329$14,590,217$99,282,424
91$134,531,970$25,235,012$15,021,218$108,973,817
92$148,194,640$26,411,937$15,464,838$119,636,858
93$163,249,025$27,644,654$15,921,442$131,369,964
94$179,837,021$28,935,837$16,391,406$144,281,562
95$198,114,995$30,288,292$16,875,116$158,491,106
96$218,255,263$31,704,956$17,372,971$174,130,203
97$240,447,713$33,188,912$17,885,378$191,343,850
98$264,901,601$34,743,390$18,412,760$210,291,796
99$291,847,524$36,371,776$18,955,547$231,150,052
100$321,539,599$38,077,621$19,514,186$254,112,540