Can I retire at age 59 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$627,601$622,011$616,556$611,233$606,035$588,759
2 years$310,694$304,907$299,299$293,862$288,588$271,318
3 years$205,072$199,260$193,666$188,280$183,092$166,368
4 years$152,271$146,477$140,940$135,645$130,583$114,533
5 years$120,599$114,840$109,375$104,189$99,267$83,936
6 years$99,491$93,775$88,391$83,320$78,547$63,948
7 years$84,420$78,753$73,453$68,502$63,879$50,013
8 years$73,122$67,505$62,294$57,465$52,994$39,853
9 years$64,339$58,776$53,654$48,947$44,629$32,200
10 years$57,317$51,808$46,777$42,193$38,026$26,292
11 years$51,575$46,121$41,182$36,721$32,704$21,646
12 years$46,794$41,396$36,548$32,209$28,340$17,937
13 years$42,751$37,410$32,653$28,436$24,713$14,942
14 years$39,289$34,005$29,339$25,242$21,663$12,499
15 years$36,291$31,064$26,489$22,511$19,074$10,493
16 years$33,671$28,501$24,016$20,157$16,858$8,834
17 years$31,361$26,248$21,854$18,110$14,947$7,455
18 years$29,310$24,254$19,950$16,321$13,290$6,303
19 years$27,477$22,479$18,263$14,748$11,846$5,339
20 years$25,830$20,888$16,761$13,357$10,581$4,528
21 years$24,341$19,457$15,417$12,122$9,469$3,845
22 years$22,990$18,162$14,209$11,022$8,488$3,268
23 years$21,758$16,987$13,119$10,038$7,619$2,780
24 years$20,630$15,915$12,133$9,155$6,848$2,366
25 years$19,594$14,936$11,238$8,361$6,162$2,016
26 years$18,639$14,037$10,422$7,645$5,551$1,718
27 years$17,757$13,211$9,678$6,997$5,004$1,464
28 years$16,939$12,448$8,997$6,411$4,516$1,249
29 years$16,179$11,744$8,373$5,879$4,077$1,066
30 years$15,470$11,091$7,799$5,396$3,684$909
31 years$14,809$10,484$7,271$4,955$3,331$776
32 years$14,190$9,920$6,784$4,554$3,013$663
33 years$13,610$9,395$6,334$4,188$2,727$566
34 years$13,066$8,904$5,918$3,853$2,469$483
35 years$12,553$8,445$5,533$3,547$2,236$413
36 years$12,071$8,016$5,176$3,267$2,026$353
37 years$11,615$7,613$4,845$3,010$1,836$301
38 years$11,184$7,235$4,537$2,774$1,665$257
39 years$10,777$6,880$4,250$2,558$1,510$220
40 years$10,390$6,546$3,984$2,359$1,369$188
41 years$10,024$6,231$3,736$2,177$1,242$160
42 years$9,676$5,934$3,504$2,009$1,127$137
43 years$9,345$5,654$3,288$1,855$1,023$117
44 years$9,030$5,389$3,087$1,712$929$100
45 years$8,730$5,139$2,898$1,581$843$86
46 years$8,443$4,903$2,722$1,461$765$73
47 years$8,170$4,679$2,557$1,350$695$63
48 years$7,909$4,466$2,403$1,247$631$53
49 years$7,659$4,265$2,259$1,153$573$46
50 years$7,420$4,074$2,124$1,065$521$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,600,000, adding $4,432 every year, while hoping to spend $27,423 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: 30/49/21 Blend
58$7,600,000$7,600,000$7,600,000$7,600,000
59$8,379,772$7,976,972$7,859,172$8,576,029
60$9,205,330$8,338,665$8,093,276$9,087,762
61$10,114,177$8,717,163$8,334,304$9,635,147
62$11,114,778$9,113,259$8,582,458$10,223,459
63$12,216,463$9,527,786$8,837,947$10,856,258
64$13,429,510$9,961,616$9,100,987$11,537,435
65$14,765,248$10,415,663$9,371,798$12,271,254
66$16,236,158$10,890,885$9,650,608$13,062,384
67$17,855,994$11,388,285$9,937,650$13,915,937
68$19,639,911$11,908,917$10,233,167$14,837,517
69$21,604,609$12,453,882$10,537,406$15,833,267
70$23,768,492$13,024,334$10,850,622$16,909,919
71$26,151,837$13,621,486$11,173,077$18,074,856
72$28,776,991$14,246,605$11,505,041$19,336,177
73$31,668,577$14,901,022$11,846,793$20,702,766
74$34,853,729$15,586,129$12,198,618$22,184,373
75$38,362,348$16,303,388$12,560,811$23,791,697
76$42,227,383$17,054,330$12,933,673$25,536,483
77$46,485,142$17,840,557$13,317,516$27,431,627
78$51,175,634$18,663,753$13,712,662$29,491,291
79$56,342,951$19,525,679$14,119,438$31,731,028
80$62,035,677$20,428,182$14,538,184$34,167,924
81$68,307,353$21,373,199$14,969,249$36,820,750
82$75,216,976$22,362,759$15,412,993$39,710,132
83$82,829,562$23,398,990$15,869,783$42,858,737
84$91,216,757$24,484,119$16,340,000$46,291,480
85$100,457,511$25,620,486$16,824,034$50,035,749
86$110,638,826$26,810,538$17,322,288$54,121,652
87$121,856,576$28,056,845$17,835,175$58,582,296
88$134,216,414$29,362,097$18,363,120$63,454,084
89$147,834,765$30,729,116$18,906,562$68,777,053
90$162,839,928$32,160,860$19,465,949$74,595,237
91$179,373,287$33,660,429$20,041,745$80,957,071
92$197,590,646$35,231,073$20,634,426$87,915,837
93$217,663,695$36,876,199$21,244,483$95,530,154
94$239,781,637$38,599,379$21,872,419$103,864,519
95$264,152,972$40,404,356$22,518,752$112,989,898
96$291,007,461$42,295,055$23,184,016$122,984,384
97$320,598,301$44,275,592$23,868,760$133,933,918
98$353,204,511$46,350,279$24,573,547$145,933,083
99$389,133,568$48,523,640$25,298,957$159,085,982
100$428,724,308$50,800,414$26,045,588$173,507,200