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%18.1%
1 years$834,049$826,619$819,371$812,296$805,388$778,984
2 years$412,895$405,206$397,753$390,527$383,518$357,168
3 years$272,529$264,806$257,372$250,214$243,320$217,851
4 years$202,360$194,661$187,301$180,265$173,538$149,146
5 years$160,269$152,616$145,353$138,461$131,921$108,670
6 years$132,218$124,623$117,467$110,728$104,384$82,295
7 years$112,190$104,658$97,616$91,036$84,892$63,961
8 years$97,175$89,711$82,786$76,368$70,426$50,638
9 years$85,503$78,110$71,303$65,048$59,309$40,640
10 years$76,171$68,850$62,164$56,072$50,534$32,956
11 years$68,540$61,293$54,728$48,800$43,461$26,940
12 years$62,186$55,013$48,570$42,804$37,663$22,162
13 years$56,814$49,716$43,394$37,789$32,843$18,324
14 years$52,213$45,190$38,990$33,545$28,790$15,213
15 years$48,229$41,282$35,202$29,917$25,349$12,672
16 years$44,747$37,876$31,916$26,787$22,403$10,584
17 years$41,677$34,882$29,042$24,068$19,864$8,860
18 years$38,952$32,233$26,512$21,690$17,662$7,430
19 years$36,516$29,873$24,270$19,599$15,743$6,241
20 years$34,327$27,759$22,274$17,750$14,062$5,249
21 years$32,348$25,857$20,488$16,110$12,584$4,419
22 years$30,552$24,136$18,883$14,647$11,280$3,724
23 years$28,915$22,574$17,435$13,340$10,125$3,141
24 years$27,416$21,151$16,124$12,167$9,101$2,650
25 years$26,039$19,849$14,934$11,111$8,189$2,238
26 years$24,771$18,655$13,851$10,159$7,377$1,890
27 years$23,598$17,556$12,862$9,299$6,651$1,597
28 years$22,511$16,543$11,957$8,520$6,001$1,350
29 years$21,500$15,607$11,127$7,813$5,419$1,141
30 years$20,559$14,739$10,364$7,170$4,896$965
31 years$19,680$13,933$9,662$6,586$4,427$817
32 years$18,858$13,183$9,015$6,052$4,004$691
33 years$18,088$12,485$8,417$5,566$3,624$584
34 years$17,364$11,833$7,865$5,121$3,281$495
35 years$16,683$11,223$7,353$4,714$2,972$419
36 years$16,041$10,653$6,878$4,341$2,692$354
37 years$15,436$10,117$6,438$4,000$2,440$300
38 years$14,863$9,615$6,029$3,687$2,212$254
39 years$14,322$9,143$5,649$3,400$2,006$215
40 years$13,808$8,699$5,294$3,136$1,820$182
41 years$13,321$8,281$4,964$2,893$1,651$154
42 years$12,859$7,886$4,657$2,670$1,498$130
43 years$12,419$7,514$4,370$2,465$1,360$110
44 years$12,000$7,162$4,102$2,276$1,234$93
45 years$11,601$6,830$3,851$2,102$1,120$79
46 years$11,221$6,515$3,617$1,941$1,017$67
47 years$10,858$6,218$3,398$1,794$924$57
48 years$10,511$5,936$3,194$1,657$839$48
49 years$10,179$5,668$3,002$1,532$762$41
50 years$9,861$5,415$2,822$1,416$692$34

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 $2,911 every year, while hoping to spend $58,806 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: 63/12/25 Blend
58$10,100,000$10,100,000$10,100,000$10,100,000
59$11,133,203$10,597,903$10,441,353$11,760,950
60$12,206,220$11,054,631$10,728,569$12,642,754
61$13,386,715$11,531,768$11,023,436$13,598,727
62$14,685,586$12,030,251$11,326,148$14,641,604
63$16,114,846$12,551,063$11,636,904$15,779,898
64$17,687,727$13,095,232$11,955,907$17,022,978
65$19,418,811$13,663,834$12,283,365$18,381,158
66$21,324,164$14,257,996$12,619,492$19,865,789
67$23,421,488$14,878,898$12,964,505$21,489,366
68$25,730,291$15,527,775$13,318,627$23,265,645
69$28,272,066$16,205,921$13,682,086$25,209,769
70$31,070,497$16,914,691$14,055,116$27,338,414
71$34,151,679$17,655,503$14,437,954$29,669,936
72$37,544,371$18,429,842$14,830,846$32,224,551
73$41,280,257$19,239,265$15,234,039$35,024,517
74$45,394,253$20,085,400$15,647,790$38,094,346
75$49,924,835$20,969,952$16,072,359$41,461,032
76$54,914,398$21,894,710$16,508,013$45,154,303
77$60,409,659$22,861,543$16,955,024$49,206,898
78$66,462,098$23,872,411$17,413,670$53,654,877
79$73,128,440$24,929,368$17,884,237$58,537,955
80$80,471,197$26,034,563$18,367,014$63,899,876
81$88,559,250$27,190,248$18,862,300$69,788,823
82$97,468,504$28,398,781$19,370,398$76,257,868
83$107,282,603$29,662,632$19,891,618$83,365,474
84$118,093,718$30,984,390$20,426,276$91,176,040
85$130,003,417$32,366,765$20,974,697$99,760,505
86$143,123,626$33,812,598$21,537,209$109,197,018
87$157,577,682$35,324,861$22,114,152$119,571,669
88$173,501,499$36,906,672$22,705,869$130,979,298
89$191,044,848$38,561,295$23,312,712$143,524,389
90$210,372,773$40,292,150$23,935,039$157,322,049
91$231,667,150$42,102,819$24,573,216$172,499,091
92$255,128,398$43,997,055$25,227,618$189,195,230
93$280,977,376$45,978,793$25,898,624$207,564,391
94$309,457,465$48,052,150$26,586,625$227,776,165
95$340,836,866$50,221,445$27,292,016$250,017,398
96$375,411,130$52,491,200$28,015,203$274,493,955
97$413,505,949$54,866,152$28,756,596$301,432,653
98$455,480,231$57,351,269$29,516,617$331,083,403
99$501,729,484$59,951,751$30,295,694$363,721,555
100$552,689,555$62,673,051$31,094,263$399,650,500