Can I retire at age 59 with 10,100,000?

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 $10,100,000?

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$834,049$826,619$819,371$812,296$805,388$791,395
2 years$412,895$405,206$397,753$390,527$383,518$369,465
3 years$272,529$264,806$257,372$250,214$243,320$229,645
4 years$202,360$194,661$187,301$180,265$173,538$160,347
5 years$160,269$152,616$145,353$138,461$131,921$119,251
6 years$132,218$124,623$117,467$110,728$104,384$92,251
7 years$112,190$104,658$97,616$91,036$84,892$73,298
8 years$97,175$89,711$82,786$76,368$70,426$59,369
9 years$85,503$78,110$71,303$65,048$59,309$48,782
10 years$76,171$68,850$62,164$56,072$50,534$40,529
11 years$68,540$61,293$54,728$48,800$43,461$33,966
12 years$62,186$55,013$48,570$42,804$37,663$28,666
13 years$56,814$49,716$43,394$37,789$32,843$24,329
14 years$52,213$45,190$38,990$33,545$28,790$20,746
15 years$48,229$41,282$35,202$29,917$25,349$17,759
16 years$44,747$37,876$31,916$26,787$22,403$15,251
17 years$41,677$34,882$29,042$24,068$19,864$13,133
18 years$38,952$32,233$26,512$21,690$17,662$11,335
19 years$36,516$29,873$24,270$19,599$15,743$9,803
20 years$34,327$27,759$22,274$17,750$14,062$8,492
21 years$32,348$25,857$20,488$16,110$12,584$7,367
22 years$30,552$24,136$18,883$14,647$11,280$6,398
23 years$28,915$22,574$17,435$13,340$10,125$5,563
24 years$27,416$21,151$16,124$12,167$9,101$4,842
25 years$26,039$19,849$14,934$11,111$8,189$4,217
26 years$24,771$18,655$13,851$10,159$7,377$3,676
27 years$23,598$17,556$12,862$9,299$6,651$3,206
28 years$22,511$16,543$11,957$8,520$6,001$2,797
29 years$21,500$15,607$11,127$7,813$5,419$2,442
30 years$20,559$14,739$10,364$7,170$4,896$2,132
31 years$19,680$13,933$9,662$6,586$4,427$1,863
32 years$18,858$13,183$9,015$6,052$4,004$1,628
33 years$18,088$12,485$8,417$5,566$3,624$1,423
34 years$17,364$11,833$7,865$5,121$3,281$1,244
35 years$16,683$11,223$7,353$4,714$2,972$1,088
36 years$16,041$10,653$6,878$4,341$2,692$951
37 years$15,436$10,117$6,438$4,000$2,440$832
38 years$14,863$9,615$6,029$3,687$2,212$728
39 years$14,322$9,143$5,649$3,400$2,006$637
40 years$13,808$8,699$5,294$3,136$1,820$557
41 years$13,321$8,281$4,964$2,893$1,651$488
42 years$12,859$7,886$4,657$2,670$1,498$427
43 years$12,419$7,514$4,370$2,465$1,360$374
44 years$12,000$7,162$4,102$2,276$1,234$327
45 years$11,601$6,830$3,851$2,102$1,120$286
46 years$11,221$6,515$3,617$1,941$1,017$251
47 years$10,858$6,218$3,398$1,794$924$219
48 years$10,511$5,936$3,194$1,657$839$192
49 years$10,179$5,668$3,002$1,532$762$168
50 years$9,861$5,415$2,822$1,416$692$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,100,000, adding $6,697 every year, while hoping to spend $59,090 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: 47/28/25 Blend
58$10,100,000$10,100,000$10,100,000$10,100,000
59$11,137,108$10,601,808$10,445,258$11,580,626
60$12,210,222$11,058,425$10,732,303$12,349,605
61$13,390,813$11,535,436$11,026,983$13,177,464
62$14,689,781$12,033,778$11,329,493$14,074,929
63$16,119,137$12,554,432$11,640,029$15,048,558
64$17,692,113$13,098,423$11,958,794$16,105,560
65$19,423,292$13,666,829$12,285,997$17,253,857
66$21,328,737$14,260,773$12,621,848$18,502,154
67$23,426,153$14,881,436$12,966,564$19,860,024
68$25,735,045$15,530,050$13,320,368$21,337,988
69$28,276,905$16,207,908$13,683,486$22,947,618
70$31,075,417$16,916,363$14,056,150$24,701,638
71$34,156,676$17,656,832$14,438,598$26,614,040
72$37,549,439$18,430,798$14,831,073$28,700,217
73$41,285,390$19,239,816$15,233,822$30,977,102
74$45,399,443$20,085,511$15,647,099$33,463,321
75$49,930,074$20,969,588$16,071,164$36,179,368
76$54,919,674$21,893,831$16,506,281$39,147,795
77$60,414,962$22,860,109$16,952,722$42,393,416
78$66,467,413$23,870,379$17,410,763$45,943,541
79$73,133,753$24,926,692$17,880,688$49,828,224
80$80,476,490$26,031,194$18,362,785$54,080,547
81$88,564,503$27,186,134$18,857,349$58,736,923
82$97,473,695$28,393,867$19,364,683$63,837,434
83$107,287,707$29,656,861$19,885,095$69,426,205
84$118,098,706$30,977,700$20,418,899$75,551,816
85$130,008,258$32,359,092$20,966,416$82,267,748
86$143,128,284$33,803,871$21,527,975$89,632,889
87$157,582,117$35,315,009$22,103,910$97,712,077
88$173,505,666$36,895,617$22,694,564$106,576,706
89$191,048,697$38,548,955$23,300,285$116,305,396
90$210,376,249$40,278,439$23,921,429$126,984,721
91$231,670,189$42,087,646$24,558,360$138,710,024
92$255,130,932$43,980,324$25,211,449$151,586,303
93$280,979,328$45,960,401$25,881,073$165,729,198
94$309,458,749$48,031,990$26,567,619$181,266,068
95$340,837,386$50,199,402$27,271,478$198,337,190
96$375,410,780$52,467,153$27,993,054$217,097,065
97$413,504,612$54,839,976$28,732,753$237,715,873
98$455,477,775$57,322,828$29,490,993$260,381,064
99$501,725,766$59,920,904$30,268,199$285,299,116
100$552,684,413$62,639,647$31,064,802$312,697,474