Can I retire at age 59 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$520,248$515,614$511,093$506,680$502,371$493,642
2 years$257,549$252,752$248,103$243,596$239,224$230,459
3 years$169,994$165,176$160,539$156,074$151,774$143,244
4 years$126,225$121,422$116,831$112,443$108,246$100,018
5 years$99,970$95,196$90,666$86,367$82,287$74,384
6 years$82,473$77,735$73,272$69,068$65,111$57,543
7 years$69,980$65,282$60,889$56,785$52,953$45,721
8 years$60,614$55,958$51,639$47,635$43,929$37,032
9 years$53,333$48,722$44,476$40,575$36,995$30,429
10 years$47,512$42,946$38,776$34,976$31,521$25,281
11 years$42,753$38,232$34,137$30,439$27,110$21,187
12 years$38,789$34,315$30,296$26,700$23,493$17,880
13 years$35,438$31,011$27,068$23,572$20,486$15,176
14 years$32,569$28,188$24,320$20,924$17,958$12,940
15 years$30,084$25,750$21,958$18,661$15,812$11,077
16 years$27,911$23,625$19,908$16,709$13,974$9,513
17 years$25,997$21,758$18,116$15,013$12,391$8,192
18 years$24,297$20,106$16,537$13,529$11,017$7,070
19 years$22,777$18,634$15,139$12,225$9,820$6,115
20 years$21,412$17,315$13,894$11,072$8,771$5,297
21 years$20,178$16,128$12,780$10,049$7,849$4,595
22 years$19,057$15,055$11,778$9,136$7,036$3,991
23 years$18,036$14,081$10,875$8,321$6,316$3,470
24 years$17,101$13,193$10,058$7,589$5,677$3,020
25 years$16,242$12,381$9,316$6,931$5,108$2,631
26 years$15,451$11,636$8,640$6,337$4,601$2,293
27 years$14,719$10,951$8,023$5,801$4,148$2,000
28 years$14,041$10,319$7,458$5,315$3,743$1,745
29 years$13,411$9,735$6,940$4,874$3,380$1,523
30 years$12,824$9,193$6,465$4,473$3,054$1,330
31 years$12,276$8,691$6,027$4,108$2,761$1,162
32 years$11,763$8,223$5,623$3,775$2,498$1,015
33 years$11,282$7,788$5,250$3,472$2,260$888
34 years$10,831$7,381$4,906$3,194$2,047$776
35 years$10,406$7,001$4,586$2,940$1,854$679
36 years$10,006$6,645$4,291$2,708$1,679$593
37 years$9,628$6,311$4,016$2,495$1,522$519
38 years$9,271$5,998$3,761$2,300$1,380$454
39 years$8,933$5,703$3,523$2,121$1,251$397
40 years$8,613$5,426$3,302$1,956$1,135$348
41 years$8,309$5,165$3,097$1,805$1,030$304
42 years$8,021$4,919$2,905$1,665$934$266
43 years$7,746$4,687$2,726$1,537$848$233
44 years$7,485$4,468$2,559$1,419$770$204
45 years$7,236$4,260$2,402$1,311$699$179
46 years$6,999$4,064$2,256$1,211$634$156
47 years$6,773$3,878$2,120$1,119$576$137
48 years$6,556$3,702$1,992$1,034$523$120
49 years$6,349$3,536$1,872$955$475$105
50 years$6,151$3,377$1,760$883$432$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,300,000, adding $2,424 every year, while hoping to spend $50,321 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: 54/40/6 Blend
58$6,300,000$6,300,000$6,300,000$6,300,000
59$6,945,100$6,611,200$6,513,550$7,310,663
60$7,599,959$6,881,608$6,678,213$7,828,329
61$8,319,928$7,163,579$6,846,706$8,385,660
62$9,111,593$7,457,627$7,019,103$8,990,970
63$9,982,213$7,764,289$7,195,481$9,648,809
64$10,939,786$8,084,126$7,375,917$10,364,176
65$11,993,122$8,417,726$7,560,488$11,142,566
66$13,151,929$8,765,703$7,749,273$11,990,017
67$14,426,903$9,128,700$7,942,350$12,913,171
68$15,829,829$9,507,387$8,139,800$13,919,326
69$17,373,691$9,902,469$8,341,704$15,016,509
70$19,072,798$10,314,681$8,548,141$16,213,550
71$20,942,914$10,744,791$8,759,194$17,520,157
72$23,001,410$11,193,604$8,974,946$18,947,009
73$25,267,425$11,661,962$9,195,478$20,505,855
74$27,762,049$12,150,745$9,420,873$22,209,620
75$30,508,522$12,660,875$9,651,216$24,072,525
76$33,532,449$13,193,317$9,886,590$26,110,217
77$36,862,047$13,749,077$10,127,079$28,339,917
78$40,528,407$14,329,212$10,372,767$30,780,573
79$44,565,787$14,934,827$10,623,738$33,453,042
80$49,011,941$15,567,076$10,880,076$36,380,279
81$53,908,465$16,227,170$11,141,865$39,587,553
82$59,301,201$16,916,373$11,409,190$43,102,676
83$65,240,659$17,636,011$11,682,133$46,956,270
84$71,782,499$18,387,469$11,960,778$51,182,043
85$78,988,057$19,172,198$12,245,207$55,817,108
86$86,924,920$19,991,717$12,535,502$60,902,329
87$95,667,566$20,847,614$12,831,745$66,482,697
88$105,298,064$21,741,555$13,134,016$72,607,754
89$115,906,855$22,675,279$13,442,393$79,332,054
90$127,593,596$23,650,610$13,756,956$86,715,673
91$140,468,109$24,669,455$14,077,780$94,824,768
92$154,651,411$25,733,814$14,404,940$103,732,198
93$170,276,860$26,845,775$14,738,510$113,518,202
94$187,491,411$28,007,530$15,078,562$124,271,156
95$206,457,005$29,221,369$15,425,164$136,088,393
96$227,352,096$30,489,692$15,778,384$149,077,118
97$250,373,335$31,815,013$16,138,285$163,355,415
98$275,737,428$33,199,961$16,504,930$179,053,346
99$303,683,177$34,647,291$16,878,377$196,314,180
100$334,473,740$36,159,886$17,258,681$215,295,729