Can I retire at age 59 with 6,200,000?

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 $6,200,000?

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$511,990$507,430$502,980$498,637$494,397$489,437
2 years$253,460$248,740$244,165$239,729$235,427$230,432
3 years$167,295$162,554$157,991$153,597$149,365$144,489
4 years$124,221$119,495$114,977$110,658$106,528$101,809
5 years$98,383$93,685$89,227$84,996$80,981$76,432
6 years$81,164$76,501$72,109$67,972$64,077$59,705
7 years$68,869$64,245$59,923$55,883$52,112$47,918
8 years$59,652$55,070$50,819$46,879$43,232$39,216
9 years$52,487$47,949$43,770$39,931$36,408$32,568
10 years$46,758$42,264$38,160$34,421$31,021$27,356
11 years$42,074$37,625$33,596$29,956$26,679$23,185
12 years$38,174$33,771$29,815$26,276$23,120$19,793
13 years$34,876$30,519$26,638$23,198$20,161$16,998
14 years$32,052$27,741$23,934$20,592$17,673$14,669
15 years$29,606$25,342$21,609$18,365$15,561$12,712
16 years$27,468$23,250$19,592$16,443$13,752$11,054
17 years$25,584$21,413$17,828$14,774$12,194$9,641
18 years$23,911$19,786$16,275$13,315$10,842$8,430
19 years$22,416$18,338$14,899$12,031$9,664$7,387
20 years$21,072$17,040$13,673$10,896$8,632$6,485
21 years$19,857$15,872$12,577$9,889$7,725$5,702
22 years$18,755$14,816$11,591$8,991$6,924$5,021
23 years$17,750$13,857$10,703$8,189$6,215$4,427
24 years$16,830$12,984$9,898$7,469$5,587$3,907
25 years$15,985$12,184$9,168$6,821$5,027$3,451
26 years$15,206$11,451$8,503$6,237$4,528$3,051
27 years$14,486$10,777$7,895$5,708$4,083$2,700
28 years$13,818$10,155$7,340$5,230$3,684$2,390
29 years$13,198$9,580$6,830$4,796$3,326$2,117
30 years$12,621$9,048$6,362$4,402$3,006$1,877
31 years$12,081$8,553$5,931$4,043$2,717$1,664
32 years$11,576$8,093$5,534$3,715$2,458$1,476
33 years$11,103$7,664$5,167$3,416$2,224$1,309
34 years$10,659$7,264$4,828$3,143$2,014$1,162
35 years$10,241$6,890$4,514$2,894$1,824$1,032
36 years$9,847$6,539$4,222$2,665$1,653$916
37 years$9,475$6,211$3,952$2,455$1,498$814
38 years$9,124$5,902$3,701$2,263$1,358$723
39 years$8,791$5,613$3,467$2,087$1,232$642
40 years$8,476$5,340$3,250$1,925$1,117$571
41 years$8,177$5,083$3,047$1,776$1,013$507
42 years$7,894$4,841$2,859$1,639$920$451
43 years$7,624$4,612$2,682$1,513$835$401
44 years$7,366$4,397$2,518$1,397$758$356
45 years$7,122$4,193$2,364$1,290$688$317
46 years$6,888$4,000$2,221$1,192$624$282
47 years$6,665$3,817$2,086$1,101$567$251
48 years$6,452$3,644$1,960$1,017$515$223
49 years$6,248$3,480$1,843$940$468$198
50 years$6,053$3,324$1,732$869$425$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,200,000, adding $6,125 every year, while hoping to spend $51,177 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: 48/37/15 Blend
58$6,200,000$6,200,000$6,200,000$6,200,000
59$6,838,718$6,510,118$6,414,018$7,138,058
60$7,481,815$6,774,662$6,574,436$7,610,159
61$8,188,793$7,050,453$6,738,512$8,116,725
62$8,966,114$7,337,989$6,906,316$8,665,639
63$9,820,896$7,637,789$7,077,916$9,260,880
64$10,760,983$7,950,397$7,253,382$9,906,818
65$11,795,018$8,276,380$7,432,785$10,608,257
66$12,932,521$8,616,334$7,616,194$11,370,475
67$14,183,984$8,970,880$7,803,682$12,199,272
68$15,560,964$9,340,667$7,995,320$13,101,028
69$17,076,198$9,726,376$8,191,179$14,082,753
70$18,743,719$10,128,717$8,391,332$15,152,157
71$20,578,988$10,548,433$8,595,851$16,317,720
72$22,599,042$10,986,304$8,804,809$17,588,766
73$24,822,652$11,443,141$9,018,278$18,975,552
74$27,270,504$11,919,796$9,236,332$20,489,360
75$29,965,389$12,417,159$9,459,043$22,142,605
76$32,932,421$12,936,162$9,686,483$23,948,943
77$36,199,273$13,477,779$9,918,725$25,923,401
78$39,796,437$14,043,029$10,155,841$28,082,516
79$43,757,515$14,632,979$10,397,903$30,444,487
80$48,119,531$15,248,745$10,644,982$33,029,342
81$52,923,283$15,891,493$10,897,149$35,859,127
82$58,213,728$16,562,446$11,154,473$38,958,107
83$64,040,405$17,262,883$11,417,025$42,352,993
84$70,457,902$17,994,140$11,684,871$46,073,191
85$77,526,374$18,757,618$11,958,080$50,151,073
86$85,312,105$19,554,783$12,236,717$54,622,281
87$93,888,139$20,387,167$12,520,846$59,526,058
88$103,334,966$21,256,375$12,810,531$64,905,611
89$113,741,282$22,164,086$13,105,833$70,808,520
90$125,204,826$23,112,059$13,406,812$77,287,176
91$137,833,302$24,102,134$13,713,524$84,399,274
92$151,745,396$25,136,236$14,026,024$92,208,350
93$167,071,897$26,216,382$14,344,366$100,784,378
94$183,956,927$27,344,682$14,668,600$110,204,419
95$202,559,307$28,523,345$14,998,771$120,553,348
96$223,054,052$29,754,683$15,334,925$131,924,646
97$245,634,021$31,041,119$15,677,101$144,421,275
98$270,511,744$32,385,186$16,025,337$158,156,643
99$297,921,421$33,789,539$16,379,664$173,255,669
100$328,121,135$35,256,956$16,740,113$189,855,951