Can I retire at age 59 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$842,306$834,804$827,484$820,339$813,362$808,575
2 years$416,983$409,217$401,691$394,394$387,315$382,486
3 years$275,228$267,428$259,921$252,692$245,729$241,006
4 years$204,364$196,588$189,156$182,050$175,256$170,677
5 years$161,856$154,127$146,793$139,832$133,227$128,805
6 years$133,527$125,857$118,630$111,825$105,418$101,158
7 years$113,300$105,694$98,582$91,937$85,733$81,638
8 years$98,137$90,599$83,606$77,124$71,124$67,194
9 years$86,349$78,883$72,009$65,692$59,896$56,130
10 years$76,925$69,532$62,779$56,628$51,035$47,431
11 years$69,219$61,900$55,270$49,283$43,892$40,447
12 years$62,802$55,558$49,051$43,228$38,036$34,748
13 years$57,377$50,208$43,824$38,164$33,168$30,033
14 years$52,730$45,638$39,376$33,877$29,075$26,090
15 years$48,707$41,691$35,551$30,213$25,600$22,761
16 years$45,190$38,251$32,232$27,052$22,625$19,928
17 years$42,090$35,227$29,330$24,306$20,061$17,502
18 years$39,337$32,552$26,775$21,905$17,837$15,411
19 years$36,878$30,169$24,511$19,793$15,899$13,601
20 years$34,667$28,034$22,495$17,926$14,201$12,028
21 years$32,669$26,113$20,691$16,269$12,708$10,655
22 years$30,855$24,375$19,070$14,792$11,391$9,453
23 years$29,201$22,798$17,608$13,472$10,225$8,397
24 years$27,688$21,360$16,284$12,287$9,191$7,468
25 years$26,297$20,045$15,082$11,221$8,270$6,649
26 years$25,016$18,839$13,988$10,260$7,450$5,925
27 years$23,831$17,730$12,989$9,391$6,716$5,284
28 years$22,734$16,707$12,075$8,604$6,060$4,715
29 years$21,713$15,761$11,237$7,890$5,472$4,211
30 years$20,763$14,885$10,467$7,241$4,945$3,762
31 years$19,875$14,071$9,758$6,651$4,470$3,363
32 years$19,045$13,314$9,104$6,112$4,044$3,008
33 years$18,267$12,609$8,501$5,621$3,660$2,691
34 years$17,536$11,950$7,943$5,172$3,313$2,408
35 years$16,848$11,334$7,426$4,761$3,001$2,156
36 years$16,200$10,758$6,947$4,384$2,719$1,931
37 years$15,588$10,218$6,502$4,040$2,464$1,730
38 years$15,010$9,710$6,089$3,723$2,234$1,550
39 years$14,463$9,234$5,704$3,433$2,026$1,389
40 years$13,945$8,785$5,347$3,167$1,838$1,245
41 years$13,453$8,363$5,014$2,922$1,667$1,116
42 years$12,986$7,964$4,703$2,696$1,513$1,000
43 years$12,542$7,588$4,413$2,489$1,373$897
44 years$12,119$7,233$4,142$2,298$1,246$804
45 years$11,716$6,898$3,890$2,122$1,131$721
46 years$11,332$6,580$3,653$1,961$1,027$647
47 years$10,965$6,279$3,432$1,811$933$580
48 years$10,615$5,994$3,225$1,674$847$521
49 years$10,279$5,724$3,032$1,547$769$467
50 years$9,959$5,468$2,850$1,430$699$419

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,200,000, adding $4,907 every year, while hoping to spend $43,398 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: 37/39/24 Blend
58$10,200,000$10,200,000$10,200,000$10,200,000
59$11,245,462$10,704,862$10,546,762$11,580,381
60$12,346,324$11,183,225$10,853,903$12,304,457
61$13,558,019$11,683,573$11,169,879$13,081,681
62$14,891,807$12,206,938$11,494,940$13,920,359
63$16,360,094$12,754,400$11,829,343$14,826,056
64$17,976,549$13,327,092$12,173,352$15,804,875
65$19,756,237$13,926,199$12,527,239$16,863,510
66$21,715,754$14,552,964$12,891,282$18,009,307
67$23,873,389$15,208,688$13,265,769$19,250,326
68$26,249,297$15,894,736$13,650,994$20,595,416
69$28,865,683$16,612,535$14,047,260$22,054,291
70$31,747,017$17,363,584$14,454,878$23,637,619
71$34,920,265$18,149,451$14,874,168$25,357,114
72$38,415,137$18,971,780$15,305,458$27,225,646
73$42,264,376$19,832,292$15,749,086$29,257,353
74$46,504,061$20,732,793$16,205,399$31,467,771
75$51,173,948$21,675,173$16,674,753$33,873,973
76$56,317,848$22,661,413$17,157,514$36,494,721
77$61,984,036$23,693,590$17,654,058$39,350,645
78$68,225,712$24,773,880$18,164,773$42,464,420
79$75,101,496$25,904,562$18,690,055$45,860,982
80$82,675,988$27,088,025$19,230,311$49,567,747
81$91,020,374$28,326,773$19,785,961$53,614,870
82$100,213,097$29,623,430$20,357,436$58,035,516
83$110,340,601$30,980,746$20,945,178$62,866,166
84$121,498,141$32,401,602$21,549,641$68,146,951
85$133,790,689$33,889,017$22,171,291$73,922,024
86$147,333,918$35,446,158$22,810,608$80,239,964
87$162,255,299$37,076,342$23,468,085$87,154,224
88$178,695,301$38,783,043$24,144,227$94,723,627
89$196,808,716$40,569,907$24,839,553$103,012,909
90$216,766,125$42,440,752$25,554,598$112,093,315
91$238,755,501$44,399,580$26,289,908$122,043,265
92$262,983,989$46,450,587$27,046,047$132,949,076
93$289,679,859$48,598,168$27,823,593$144,905,764
94$319,094,660$50,846,934$28,623,138$158,017,930
95$351,505,595$53,201,714$29,445,294$172,400,727
96$387,218,139$55,667,572$30,290,685$188,180,937
97$426,568,921$58,249,814$31,159,954$205,498,147
98$469,928,900$60,954,004$32,053,761$224,506,054
99$517,706,870$63,785,972$32,972,785$245,373,891
100$570,353,317$66,751,832$33,917,720$268,288,015