Can I retire at age 59 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$602,827$597,458$592,219$587,105$582,112$561,012
2 years$298,429$292,871$287,485$282,262$277,196$256,170
3 years$196,977$191,395$186,022$180,848$175,865$155,573
4 years$146,260$140,695$135,376$130,291$125,428$106,026
5 years$115,838$110,307$105,057$100,076$95,349$76,887
6 years$95,564$90,074$84,902$80,031$75,446$57,938
7 years$81,087$75,644$70,554$65,798$61,358$44,800
8 years$70,235$64,841$59,835$55,197$50,902$35,279
9 years$61,799$56,456$51,536$47,015$42,867$28,158
10 years$55,054$49,763$44,930$40,528$36,525$22,705
11 years$49,539$44,301$39,556$35,271$31,413$18,452
12 years$44,947$39,762$35,105$30,938$27,221$15,089
13 years$41,064$35,933$31,364$27,313$23,738$12,400
14 years$37,738$32,662$28,181$24,246$20,808$10,230
15 years$34,859$29,838$25,443$21,623$18,321$8,467
16 years$32,342$27,376$23,068$19,361$16,192$7,026
17 years$30,123$25,212$20,991$17,396$14,357$5,843
18 years$28,153$23,297$19,162$15,677$12,766$4,867
19 years$26,393$21,591$17,542$14,165$11,378$4,060
20 years$24,810$20,064$16,099$12,830$10,163$3,391
21 years$23,381$18,689$14,808$11,644$9,095$2,836
22 years$22,082$17,445$13,648$10,587$8,153$2,373
23 years$20,899$16,316$12,602$9,642$7,318$1,987
24 years$19,816$15,287$11,654$8,794$6,578$1,665
25 years$18,821$14,346$10,794$8,031$5,919$1,395
26 years$17,904$13,483$10,011$7,343$5,332$1,170
27 years$17,056$12,689$9,296$6,721$4,807$982
28 years$16,270$11,957$8,642$6,158$4,337$824
29 years$15,540$11,280$8,042$5,647$3,916$691
30 years$14,860$10,653$7,491$5,183$3,539$580
31 years$14,225$10,070$6,984$4,760$3,199$487
32 years$13,630$9,529$6,516$4,374$2,894$409
33 years$13,073$9,024$6,084$4,023$2,619$344
34 years$12,550$8,552$5,684$3,701$2,371$289
35 years$12,058$8,112$5,314$3,407$2,148$242
36 years$11,594$7,699$4,972$3,138$1,946$204
37 years$11,156$7,313$4,653$2,891$1,764$171
38 years$10,743$6,950$4,358$2,665$1,599$144
39 years$10,351$6,608$4,083$2,457$1,450$121
40 years$9,980$6,287$3,827$2,266$1,315$101
41 years$9,628$5,985$3,588$2,091$1,193$85
42 years$9,294$5,700$3,366$1,930$1,083$72
43 years$8,976$5,431$3,158$1,781$983$60
44 years$8,673$5,177$2,965$1,645$892$51
45 years$8,385$4,936$2,784$1,519$810$42
46 years$8,110$4,709$2,615$1,403$735$36
47 years$7,848$4,494$2,456$1,296$668$30
48 years$7,597$4,290$2,308$1,198$606$25
49 years$7,357$4,097$2,170$1,107$551$21
50 years$7,127$3,913$2,040$1,023$500$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,300,000, adding $3,922 every year, while hoping to spend $42,300 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: 70/20/10 Blend
58$7,300,000$7,300,000$7,300,000$7,300,000
59$8,048,646$7,661,746$7,548,596$8,595,965
60$8,824,601$7,992,164$7,756,467$9,289,489
61$9,678,285$8,337,356$7,969,884$10,042,619
62$10,617,583$8,697,999$8,188,988$10,865,625
63$11,651,181$9,074,806$8,413,923$11,765,371
64$12,788,651$9,468,520$8,644,839$12,749,412
65$14,040,537$9,879,921$8,881,884$13,826,064
66$15,418,459$10,309,825$9,125,216$15,004,476
67$16,935,223$10,759,087$9,374,991$16,294,721
68$18,604,935$11,228,601$9,631,372$17,707,886
69$20,443,140$11,719,305$9,894,525$19,256,178
70$22,466,968$12,232,179$10,164,620$20,953,033
71$24,695,293$12,768,250$10,441,829$22,813,244
72$27,148,914$13,328,595$10,726,331$24,853,099
73$29,850,747$13,914,340$11,018,306$27,090,531
74$32,826,045$14,526,664$11,317,942$29,545,289
75$36,102,635$15,166,804$11,625,426$32,239,115
76$39,711,179$15,836,053$11,940,953$35,195,955
77$43,685,467$16,535,767$12,264,723$38,442,179
78$48,062,730$17,267,365$12,596,936$42,006,826
79$52,883,996$18,032,333$12,937,801$45,921,879
80$58,194,475$18,832,230$13,287,529$50,222,562
81$64,043,987$19,668,685$13,646,337$54,947,670
82$70,487,431$20,543,407$14,014,446$60,139,932
83$77,585,300$21,458,186$14,392,082$65,846,415
84$85,404,259$22,414,895$14,779,475$72,118,960
85$94,017,768$23,415,499$15,176,862$79,014,669
86$103,506,776$24,462,054$15,584,482$86,596,445
87$113,960,487$25,556,715$16,002,583$94,933,577
88$125,477,202$26,701,739$16,431,414$104,102,394
89$138,165,243$27,899,491$16,871,233$114,186,978
90$152,143,980$29,152,448$17,322,301$125,279,958
91$167,544,953$30,463,205$17,784,885$137,483,377
92$184,513,117$31,834,480$18,259,258$150,909,653
93$203,208,209$33,269,124$18,745,697$165,682,632
94$223,806,255$34,770,120$19,244,486$181,938,757
95$246,501,232$36,340,595$19,755,916$199,828,348
96$271,506,899$37,983,826$20,280,281$219,517,018
97$299,058,815$39,703,245$20,817,882$241,187,227
98$329,416,559$41,502,450$21,369,026$265,040,002
99$362,866,187$43,385,208$21,934,027$291,296,830
100$399,722,924$45,355,469$22,513,203$320,201,738