Can I retire at age 59 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$478,959$474,692$470,530$466,467$462,500$451,319
2 years$237,108$232,692$228,413$224,263$220,238$209,041
3 years$156,502$152,067$147,798$143,688$139,728$128,864
4 years$116,207$111,785$107,559$103,519$99,655$89,209
5 years$92,036$87,641$83,470$79,512$75,756$65,756
6 years$75,927$71,566$67,456$63,587$59,943$50,399
7 years$64,426$60,101$56,057$52,278$48,750$39,664
8 years$55,803$51,517$47,540$43,855$40,443$31,810
9 years$49,101$44,855$40,947$37,355$34,059$25,873
10 years$43,742$39,538$35,698$32,200$29,020$21,271
11 years$39,360$35,198$31,428$28,024$24,958$17,636
12 years$35,711$31,592$27,892$24,580$21,628$14,720
13 years$32,626$28,550$24,919$21,701$18,860$12,353
14 years$29,984$25,951$22,390$19,264$16,533$10,413
15 years$27,696$23,707$20,215$17,180$14,557$8,809
16 years$25,696$21,750$18,328$15,383$12,865$7,474
17 years$23,933$20,031$16,678$13,821$11,407$6,358
18 years$22,368$18,510$15,225$12,456$10,143$5,420
19 years$20,970$17,155$13,938$11,255$9,040$4,629
20 years$19,712$15,941$12,791$10,193$8,075$3,959
21 years$18,576$14,848$11,765$9,251$7,226$3,390
22 years$17,545$13,860$10,844$8,411$6,477$2,906
23 years$16,605$12,963$10,012$7,660$5,814$2,493
24 years$15,744$12,146$9,260$6,987$5,226$2,141
25 years$14,953$11,398$8,576$6,381$4,703$1,840
26 years$14,225$10,713$7,954$5,834$4,236$1,582
27 years$13,551$10,082$7,386$5,340$3,819$1,361
28 years$12,927$9,500$6,866$4,893$3,446$1,171
29 years$12,347$8,962$6,390$4,487$3,112$1,008
30 years$11,806$8,464$5,952$4,118$2,812$868
31 years$11,302$8,001$5,549$3,782$2,542$748
32 years$10,830$7,571$5,177$3,476$2,299$644
33 years$10,387$7,170$4,834$3,196$2,081$555
34 years$9,971$6,795$4,516$2,941$1,884$479
35 years$9,580$6,445$4,222$2,707$1,706$413
36 years$9,212$6,117$3,950$2,493$1,546$356
37 years$8,864$5,810$3,697$2,297$1,401$307
38 years$8,535$5,522$3,462$2,117$1,270$264
39 years$8,224$5,250$3,244$1,952$1,152$228
40 years$7,930$4,995$3,040$1,801$1,045$197
41 years$7,650$4,755$2,851$1,661$948$170
42 years$7,384$4,529$2,674$1,533$860$146
43 years$7,132$4,315$2,509$1,415$781$126
44 years$6,891$4,113$2,355$1,307$709$109
45 years$6,662$3,922$2,212$1,207$643$94
46 years$6,444$3,742$2,077$1,115$584$81
47 years$6,235$3,571$1,952$1,030$530$70
48 years$6,036$3,409$1,834$952$482$60
49 years$5,845$3,255$1,724$880$437$52
50 years$5,663$3,109$1,621$813$397$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,800,000, adding $6,894 every year, while hoping to spend $50,660 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: 65/12/23 Blend
58$5,800,000$5,800,000$5,800,000$5,800,000
59$6,398,711$6,091,311$6,001,411$6,776,168
60$6,997,478$6,335,884$6,148,557$7,275,703
61$7,655,621$6,590,742$6,298,933$7,815,093
62$8,379,143$6,856,337$6,452,597$8,403,452
63$9,174,658$7,133,140$6,609,601$9,045,588
64$10,049,452$7,421,643$6,770,001$9,746,797
65$11,011,553$7,722,360$6,933,853$10,512,906
66$12,069,805$8,035,830$7,101,211$11,350,331
67$13,233,954$8,362,614$7,272,130$12,266,139
68$14,514,736$8,703,301$7,446,666$13,268,105
69$15,923,982$9,058,506$7,624,872$14,364,796
70$17,474,727$9,428,871$7,806,804$15,565,641
71$19,181,333$9,815,069$7,992,515$16,881,027
72$21,059,624$10,217,803$8,182,060$18,322,389
73$23,127,037$10,637,807$8,375,490$19,902,324
74$25,402,785$11,075,850$8,572,860$21,634,702
75$27,908,038$11,532,736$8,774,220$23,534,801
76$30,666,124$12,009,306$8,979,622$25,619,450
77$33,702,746$12,506,438$9,189,116$27,907,181
78$37,046,226$13,025,054$9,402,752$30,418,412
79$40,727,774$13,566,115$9,620,577$33,175,628
80$44,781,779$14,130,627$9,842,638$36,203,603
81$49,246,135$14,719,642$10,068,982$39,529,622
82$54,162,600$15,334,263$10,299,651$43,183,745
83$59,577,184$15,975,641$10,534,688$47,199,086
84$65,540,591$16,644,982$10,774,135$51,612,125
85$72,108,691$17,343,546$11,018,028$56,463,051
86$79,343,051$18,072,653$11,266,405$61,796,138
87$87,311,512$18,833,683$11,519,300$67,660,163
88$96,088,834$19,628,081$11,776,744$74,108,867
89$105,757,396$20,457,358$12,038,767$81,201,455
90$116,407,979$21,323,097$12,305,393$89,003,158
91$128,140,615$22,226,951$12,576,646$97,585,845
92$141,065,539$23,170,653$12,852,545$107,028,699
93$155,304,225$24,156,016$13,133,107$117,418,964
94$170,990,532$25,184,937$13,418,342$128,852,765
95$188,271,969$26,259,401$13,708,259$141,436,016
96$207,311,085$27,381,487$14,002,860$155,285,412
97$228,287,004$28,553,369$14,302,145$170,529,536
98$251,397,119$29,777,324$14,606,107$187,310,063
99$276,858,948$31,055,736$14,914,735$205,783,101
100$304,912,192$32,391,098$15,228,009$226,120,657