Can I retire at age 59 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$850,564$842,988$835,596$828,381$821,336$796,961
2 years$421,071$413,229$405,629$398,260$391,113$366,756
3 years$277,926$270,050$262,469$255,169$248,138$224,564
4 years$206,367$198,515$191,010$183,835$176,974$154,363
5 years$163,443$155,638$148,232$141,203$134,533$112,947
6 years$134,836$127,090$119,793$112,921$106,451$85,909
7 years$114,411$106,730$99,549$92,839$86,573$67,075
8 years$99,099$91,488$84,425$77,880$71,821$53,354
9 years$87,196$79,656$72,715$66,337$60,484$43,029
10 years$77,679$70,213$63,395$57,183$51,535$35,069
11 years$69,898$62,507$55,812$49,766$44,322$28,816
12 years$63,418$56,103$49,532$43,652$38,408$23,831
13 years$57,939$50,700$44,253$38,538$33,493$19,812
14 years$53,247$46,085$39,762$34,210$29,360$16,539
15 years$49,184$42,100$35,900$30,509$25,851$13,855
16 years$45,633$38,626$32,548$27,317$22,847$11,639
17 years$42,503$35,573$29,618$24,544$20,258$9,800
18 years$39,723$32,871$27,037$22,120$18,012$8,268
19 years$37,239$30,464$24,751$19,987$16,055$6,987
20 years$35,006$28,309$22,715$18,102$14,340$5,912
21 years$32,989$26,369$20,894$16,429$12,833$5,009
22 years$31,157$24,614$19,257$14,937$11,503$4,247
23 years$29,487$23,021$17,780$13,604$10,326$3,604
24 years$27,959$21,569$16,444$12,407$9,281$3,061
25 years$26,555$20,242$15,230$11,331$8,351$2,601
26 years$25,261$19,024$14,125$10,361$7,523$2,211
27 years$24,065$17,904$13,116$9,483$6,782$1,881
28 years$22,956$16,871$12,193$8,689$6,120$1,600
29 years$21,926$15,916$11,347$7,968$5,526$1,362
30 years$20,966$15,031$10,569$7,312$4,993$1,159
31 years$20,070$14,209$9,854$6,716$4,514$987
32 years$19,232$13,444$9,194$6,172$4,083$841
33 years$18,446$12,732$8,584$5,676$3,696$716
34 years$17,708$12,067$8,020$5,222$3,346$610
35 years$17,013$11,446$7,499$4,807$3,030$520
36 years$16,359$10,863$7,015$4,427$2,746$443
37 years$15,741$10,318$6,566$4,079$2,489$377
38 years$15,158$9,806$6,148$3,760$2,256$321
39 years$14,605$9,324$5,760$3,467$2,046$274
40 years$14,082$8,871$5,399$3,198$1,856$234
41 years$13,585$8,445$5,063$2,950$1,684$199
42 years$13,113$8,042$4,749$2,723$1,528$170
43 years$12,665$7,663$4,456$2,513$1,386$145
44 years$12,238$7,304$4,183$2,321$1,258$123
45 years$11,831$6,965$3,928$2,143$1,142$105
46 years$11,443$6,644$3,689$1,980$1,037$90
47 years$11,073$6,341$3,466$1,829$942$76
48 years$10,719$6,053$3,257$1,690$855$65
49 years$10,380$5,780$3,061$1,562$777$55
50 years$10,056$5,522$2,878$1,444$706$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,300,000, adding $2,661 every year, while hoping to spend $34,089 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: 77/6/17 Blend
58$10,300,000$10,300,000$10,300,000$10,300,000
59$11,353,345$10,807,445$10,647,795$12,184,513
60$12,475,116$11,300,739$10,968,226$13,227,127
61$13,710,164$11,817,062$11,298,248$14,365,696
62$15,070,010$12,357,507$11,638,148$15,613,416
63$16,567,344$12,923,218$11,988,219$16,981,181
64$18,216,152$13,515,394$12,348,763$18,480,988
65$20,031,845$14,135,294$12,720,092$20,126,046
66$22,031,404$14,784,235$13,102,527$21,930,905
67$24,233,543$15,463,598$13,496,397$23,911,587
68$26,658,880$16,174,830$13,902,042$26,085,741
69$29,330,137$16,919,448$14,319,811$28,472,804
70$32,272,352$17,699,042$14,750,066$31,094,184
71$35,513,115$18,515,278$15,193,176$33,973,463
72$39,082,829$19,369,903$15,649,524$37,136,616
73$43,014,995$20,264,746$16,119,501$40,612,255
74$47,346,533$21,201,727$16,603,513$44,431,900
75$52,118,125$22,182,857$17,101,976$48,630,269
76$57,374,599$23,210,242$17,615,317$53,245,611
77$63,165,357$24,286,093$18,143,979$58,320,062
78$69,544,836$25,412,725$18,688,416$63,900,039
79$76,573,026$26,592,565$19,249,094$70,036,681
80$84,316,032$27,828,158$19,826,496$76,786,325
81$92,846,700$29,122,170$20,421,116$84,211,040
82$102,245,304$30,477,397$21,033,464$92,379,208
83$112,600,306$31,896,770$21,664,066$101,366,167
84$124,009,186$33,383,361$22,313,461$111,254,923
85$136,579,367$34,940,390$22,982,206$122,136,929
86$150,429,226$36,571,232$23,670,873$134,112,944
87$165,689,211$38,279,427$24,380,052$147,293,988
88$182,503,075$40,068,683$25,110,348$161,802,380
89$201,029,231$41,942,891$25,862,387$177,772,894
90$221,442,246$43,906,126$26,636,810$195,354,026
91$243,934,491$45,962,663$27,434,280$214,709,399
92$268,717,958$48,116,981$28,255,477$236,019,295
93$296,026,256$50,373,780$29,101,101$259,482,362
94$326,116,820$52,737,981$29,971,875$285,317,480
95$359,273,343$55,214,749$30,868,540$313,765,829
96$395,808,448$57,809,496$31,791,860$345,093,158
97$436,066,645$60,527,896$32,742,622$379,592,293
98$480,427,578$63,375,899$33,721,635$417,585,893
99$529,309,613$66,359,740$34,729,733$459,429,500
100$583,173,787$69,485,961$35,767,772$505,514,882