Can I retire at age 59 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$487,216$482,877$478,642$474,510$470,474$463,061
2 years$241,196$236,704$232,351$228,130$224,035$216,586
3 years$159,200$154,689$150,346$146,165$142,137$134,884
4 years$118,210$113,713$109,414$105,304$101,373$94,371
5 years$93,623$89,152$84,909$80,883$77,063$70,332
6 years$77,236$72,799$68,619$64,683$60,977$54,526
7 years$65,536$61,137$57,023$53,179$49,591$43,421
8 years$56,765$52,406$48,360$44,611$41,140$35,251
9 years$49,947$45,628$41,653$37,999$34,646$29,034
10 years$44,496$40,219$36,314$32,755$29,520$24,181
11 years$40,038$35,805$31,970$28,507$25,388$20,316
12 years$36,327$32,136$28,373$25,004$22,001$17,190
13 years$33,188$29,042$25,349$22,075$19,185$14,628
14 years$30,501$26,398$22,776$19,596$16,818$12,507
15 years$28,174$24,115$20,564$17,476$14,808$10,736
16 years$26,139$22,125$18,644$15,648$13,087$9,245
17 years$24,346$20,377$16,965$14,059$11,604$7,984
18 years$22,754$18,829$15,487$12,670$10,318$6,911
19 years$21,331$17,450$14,178$11,449$9,196$5,995
20 years$20,052$16,216$13,012$10,369$8,214$5,208
21 years$18,897$15,104$11,968$9,411$7,351$4,532
22 years$17,847$14,099$11,031$8,556$6,589$3,948
23 years$16,891$13,187$10,185$7,792$5,915$3,444
24 years$16,015$12,355$9,419$7,107$5,316$3,007
25 years$15,211$11,595$8,724$6,491$4,784$2,627
26 years$14,470$10,897$8,091$5,935$4,309$2,297
27 years$13,785$10,256$7,513$5,432$3,885$2,010
28 years$13,150$9,664$6,985$4,977$3,506$1,759
29 years$12,560$9,117$6,500$4,564$3,165$1,541
30 years$12,010$8,610$6,054$4,189$2,860$1,350
31 years$11,497$8,139$5,644$3,847$2,586$1,183
32 years$11,016$7,701$5,266$3,535$2,339$1,037
33 years$10,566$7,293$4,917$3,251$2,117$910
34 years$10,143$6,912$4,594$2,991$1,917$798
35 years$9,745$6,556$4,295$2,754$1,736$700
36 years$9,371$6,223$4,018$2,536$1,573$615
37 years$9,017$5,910$3,761$2,337$1,426$539
38 years$8,682$5,617$3,522$2,154$1,292$473
39 years$8,366$5,341$3,300$1,986$1,172$416
40 years$8,066$5,082$3,093$1,832$1,063$365
41 years$7,782$4,837$2,900$1,690$964$321
42 years$7,512$4,607$2,720$1,560$875$281
43 years$7,255$4,389$2,553$1,440$794$247
44 years$7,010$4,184$2,396$1,329$721$217
45 years$6,777$3,990$2,250$1,228$654$191
46 years$6,555$3,806$2,113$1,134$594$168
47 years$6,343$3,632$1,985$1,048$540$147
48 years$6,140$3,467$1,866$968$490$129
49 years$5,946$3,311$1,754$895$445$114
50 years$5,760$3,163$1,649$827$404$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $5,900,000, adding $3,780 every year, while hoping to spend $21,917 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: 65/29/6 Blend
58$5,900,000$5,900,000$5,900,000$5,900,000
59$6,505,699$6,192,999$6,101,549$6,922,040
60$7,145,961$6,473,137$6,282,631$7,479,355
61$7,850,795$6,766,266$6,469,046$8,085,021
62$8,626,764$7,073,001$6,660,947$8,746,122
63$9,481,101$7,393,985$6,858,495$9,468,044
64$10,421,773$7,729,891$7,061,855$10,256,710
65$11,457,563$8,081,424$7,271,196$11,118,637
66$12,598,146$8,449,325$7,486,692$12,060,989
67$13,854,183$8,834,368$7,708,523$13,091,651
68$15,237,423$9,237,366$7,936,872$14,219,297
69$16,760,812$9,659,169$8,171,929$15,453,471
70$18,438,616$10,100,670$8,413,890$16,804,675
71$20,286,555$10,562,802$8,662,955$18,284,466
72$22,321,949$11,046,545$8,919,330$19,905,562
73$24,563,889$11,552,927$9,183,228$21,681,961
74$27,033,407$12,083,021$9,454,867$23,629,072
75$29,753,681$12,637,956$9,734,473$25,763,853
76$32,750,254$13,218,914$10,022,275$28,104,975
77$36,051,271$13,827,131$10,318,512$30,672,988
78$39,687,747$14,463,907$10,623,429$33,490,520
79$43,693,860$15,130,601$10,937,276$36,582,482
80$48,107,272$15,828,639$11,260,313$39,976,300
81$52,969,487$16,559,515$11,592,807$43,702,174
82$58,326,238$17,324,795$11,935,029$47,793,359
83$64,227,925$18,126,121$12,287,263$52,286,470
84$70,730,084$18,965,212$12,649,798$57,221,831
85$77,893,918$19,843,872$13,022,931$62,643,848
86$85,786,868$20,763,992$13,406,969$68,601,424
87$94,483,253$21,727,553$13,802,228$75,148,415
88$104,064,972$22,736,630$14,209,030$82,344,138
89$114,622,277$23,793,402$14,627,710$90,253,922
90$126,254,621$24,900,151$15,058,610$98,949,723
91$139,071,601$26,059,267$15,502,082$108,510,794
92$153,193,992$27,273,259$15,958,489$119,024,432
93$168,754,885$28,544,755$16,428,205$130,586,792
94$185,900,945$29,876,510$16,911,612$143,303,793
95$204,793,795$31,271,412$17,409,104$157,292,108
96$225,611,541$32,732,489$17,921,087$172,680,261
97$248,550,453$34,262,916$18,447,979$189,609,833
98$273,826,820$35,866,020$18,990,207$208,236,789
99$301,678,989$37,545,289$19,548,212$228,732,947
100$332,369,617$39,304,379$20,122,449$251,287,589