Can I retire at age 59 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$561,538$556,536$551,656$546,893$542,242$528,918
2 years$277,989$272,812$267,794$262,929$258,210$244,870
3 years$183,485$178,285$173,280$168,461$163,819$150,878
4 years$136,242$131,059$126,104$121,367$116,837$104,395
5 years$107,904$102,752$97,862$93,221$88,818$76,910
6 years$89,018$83,904$79,087$74,550$70,279$58,916
7 years$75,534$70,463$65,722$61,292$57,155$46,340
8 years$65,425$60,400$55,737$51,416$47,416$37,143
9 years$57,566$52,589$48,006$43,795$39,931$30,192
10 years$51,283$46,354$41,853$37,752$34,023$24,807
11 years$46,146$41,267$36,847$32,855$29,261$20,554
12 years$41,868$37,039$32,701$28,819$25,357$17,145
13 years$38,251$33,472$29,216$25,442$22,112$14,378
14 years$35,153$30,425$26,250$22,585$19,383$12,111
15 years$32,471$27,794$23,701$20,142$17,066$10,239
16 years$30,127$25,500$21,488$18,035$15,083$8,681
17 years$28,060$23,485$19,553$16,204$13,374$7,380
18 years$26,225$21,701$17,850$14,603$11,891$6,286
19 years$24,585$20,112$16,341$13,195$10,599$5,364
20 years$23,111$18,689$14,997$11,951$9,467$4,584
21 years$21,779$17,408$13,794$10,846$8,472$3,923
22 years$20,570$16,250$12,713$9,862$7,594$3,360
23 years$19,467$15,198$11,738$8,981$6,817$2,881
24 years$18,458$14,240$10,856$8,191$6,127$2,472
25 years$17,531$13,364$10,055$7,481$5,514$2,122
26 years$16,677$12,560$9,325$6,840$4,966$1,823
27 years$15,888$11,820$8,659$6,261$4,478$1,567
28 years$15,156$11,138$8,050$5,736$4,040$1,348
29 years$14,476$10,507$7,491$5,260$3,648$1,159
30 years$13,842$9,923$6,978$4,828$3,296$997
31 years$13,250$9,381$6,505$4,434$2,980$858
32 years$12,697$8,876$6,070$4,075$2,696$739
33 years$12,178$8,406$5,667$3,747$2,440$636
34 years$11,690$7,967$5,295$3,448$2,209$548
35 years$11,232$7,556$4,950$3,174$2,001$472
36 years$10,800$7,172$4,631$2,923$1,813$407
37 years$10,392$6,812$4,335$2,693$1,643$350
38 years$10,007$6,474$4,059$2,482$1,489$302
39 years$9,642$6,156$3,803$2,289$1,351$260
40 years$9,297$5,857$3,565$2,111$1,225$224
41 years$8,969$5,575$3,342$1,948$1,111$193
42 years$8,657$5,309$3,135$1,798$1,009$166
43 years$8,361$5,059$2,942$1,659$915$143
44 years$8,079$4,822$2,762$1,532$831$124
45 years$7,811$4,598$2,593$1,415$754$107
46 years$7,555$4,387$2,435$1,307$685$92
47 years$7,310$4,186$2,288$1,208$622$79
48 years$7,076$3,996$2,150$1,116$565$68
49 years$6,853$3,816$2,021$1,031$513$59
50 years$6,639$3,645$1,900$953$466$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $6,800,000, adding $3,987 every year, while hoping to spend $47,242 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: 56/32/12 Blend
58$6,800,000$6,800,000$6,800,000$6,800,000
59$7,497,713$7,137,313$7,031,913$7,894,623
60$8,212,214$7,436,776$7,217,217$8,463,239
61$8,998,012$7,749,329$7,407,145$9,076,765
62$9,862,327$8,075,565$7,601,802$9,743,929
63$10,813,118$8,416,101$7,801,296$10,469,863
64$11,859,152$8,771,586$8,005,736$11,260,209
65$13,010,089$9,142,697$8,215,231$12,121,169
66$14,276,572$9,530,144$8,429,896$13,059,564
67$15,670,330$9,934,668$8,649,845$14,082,895
68$17,204,284$10,357,047$8,875,195$15,199,411
69$18,892,671$10,798,093$9,106,064$16,418,188
70$20,751,181$11,258,657$9,342,575$17,749,207
71$22,797,101$11,739,630$9,584,850$19,203,450
72$25,049,476$12,241,943$9,833,014$20,793,001
73$27,529,297$12,766,572$10,087,194$22,531,156
74$30,259,690$13,314,539$10,347,520$24,432,545
75$33,266,139$13,886,912$10,614,122$26,513,270
76$36,576,724$14,484,810$10,887,134$28,791,053
77$40,222,388$15,109,404$11,166,692$31,285,400
78$44,237,228$15,761,920$11,452,932$34,017,780
79$48,658,814$16,443,643$11,745,994$37,011,828
80$53,528,547$17,155,916$12,046,019$40,293,562
81$58,892,049$17,900,146$12,353,151$43,891,626
82$64,799,592$18,677,807$12,667,535$47,837,557
83$71,306,571$19,490,440$12,989,318$52,166,077
84$78,474,031$20,339,662$13,318,650$56,915,419
85$86,369,238$21,227,162$13,655,681$62,127,680
86$95,066,319$22,154,711$14,000,565$67,849,219
87$104,646,956$23,124,164$14,353,456$74,131,085
88$115,201,160$24,137,462$14,714,511$81,029,499
89$126,828,119$25,196,639$15,083,888$88,606,372
90$139,637,136$26,303,823$15,461,748$96,929,893
91$153,748,658$27,461,245$15,848,250$106,075,162
92$169,295,414$28,671,239$16,243,560$116,124,891
93$186,423,668$29,936,251$16,647,840$127,170,185
94$205,294,597$31,258,842$17,061,258$139,311,391
95$226,085,816$32,641,696$17,483,980$152,659,040
96$248,993,051$34,087,621$17,916,176$167,334,882
97$274,231,989$35,599,560$18,358,014$183,473,031
98$302,040,310$37,180,597$18,809,666$201,221,222
99$332,679,934$38,833,959$19,271,302$220,742,195
100$366,439,493$40,563,029$19,743,096$242,215,227