Can I retire at age 59 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$858,822$851,172$843,709$836,424$829,311$812,566
2 years$425,160$417,241$409,567$402,127$394,910$378,114
3 years$280,624$272,672$265,017$257,647$250,547$234,223
4 years$208,371$200,443$192,865$185,620$178,692$162,966
5 years$165,030$157,149$149,671$142,574$135,839$120,755
6 years$136,145$128,324$120,956$114,017$107,485$93,060
7 years$115,522$107,767$100,515$93,740$87,414$73,651
8 years$100,061$92,376$85,245$78,636$72,518$59,413
9 years$88,043$80,430$73,421$66,981$61,071$48,615
10 years$78,433$70,895$64,010$57,738$52,035$40,216
11 years$70,576$63,114$56,354$50,249$44,752$33,556
12 years$64,033$56,647$50,013$44,075$38,781$28,191
13 years$58,502$51,193$44,683$38,912$33,818$23,816
14 years$53,764$46,533$40,148$34,542$29,645$20,212
15 years$49,662$42,508$36,248$30,805$26,102$17,218
16 years$46,076$39,001$32,864$27,583$23,069$14,714
17 years$42,915$35,918$29,905$24,783$20,454$12,607
18 years$40,109$33,190$27,299$22,334$18,187$10,826
19 years$37,601$30,760$24,991$20,181$16,210$9,314
20 years$35,346$28,584$22,936$18,278$14,479$8,026
21 years$33,309$26,625$21,097$16,588$12,957$6,926
22 years$31,460$24,853$19,444$15,082$11,615$5,983
23 years$29,774$23,245$17,953$13,736$10,426$5,174
24 years$28,230$21,779$16,603$12,528$9,371$4,479
25 years$26,813$20,438$15,378$11,441$8,432$3,879
26 years$25,506$19,209$14,262$10,461$7,596$3,362
27 years$24,299$18,078$13,244$9,575$6,848$2,916
28 years$23,179$17,034$12,312$8,773$6,179$2,530
29 years$22,139$16,070$11,457$8,045$5,580$2,196
30 years$21,170$15,176$10,672$7,383$5,042$1,906
31 years$20,265$14,347$9,949$6,781$4,558$1,656
32 years$19,418$13,575$9,283$6,232$4,123$1,439
33 years$18,625$12,856$8,667$5,731$3,731$1,250
34 years$17,880$12,184$8,098$5,273$3,378$1,087
35 years$17,178$11,557$7,571$4,854$3,060$945
36 years$16,518$10,969$7,083$4,470$2,772$821
37 years$15,894$10,418$6,629$4,119$2,513$714
38 years$15,305$9,901$6,208$3,796$2,278$621
39 years$14,747$9,415$5,816$3,501$2,066$540
40 years$14,218$8,957$5,452$3,229$1,874$470
41 years$13,717$8,527$5,112$2,979$1,700$409
42 years$13,241$8,120$4,795$2,749$1,543$356
43 years$12,788$7,737$4,500$2,538$1,400$309
44 years$12,357$7,375$4,224$2,343$1,271$269
45 years$11,946$7,033$3,966$2,164$1,154$234
46 years$11,554$6,709$3,725$1,999$1,047$204
47 years$11,180$6,402$3,499$1,847$951$177
48 years$10,823$6,112$3,288$1,707$864$154
49 years$10,481$5,837$3,091$1,577$784$134
50 years$10,154$5,575$2,906$1,458$713$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,400,000, adding $6,529 every year, while hoping to spend $35,032 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: 62/28/10 Blend
58$10,400,000$10,400,000$10,400,000$10,400,000
59$11,467,535$10,916,335$10,755,135$12,152,427
60$12,599,949$11,413,961$11,078,158$13,109,219
61$13,846,696$11,934,797$11,410,828$14,148,502
62$15,219,400$12,479,944$11,753,432$15,282,014
63$16,730,871$13,050,553$12,106,264$16,518,876
64$18,395,223$13,647,833$12,469,627$17,869,118
65$20,228,010$14,273,050$12,843,833$19,343,771
66$22,246,369$14,927,533$13,229,204$20,954,968
67$24,469,188$15,612,670$13,626,071$22,716,055
68$26,917,275$16,329,921$14,034,774$24,641,713
69$29,613,562$17,080,812$14,455,664$26,748,096
70$32,583,318$17,866,945$14,889,102$29,052,976
71$35,854,388$18,689,997$15,335,459$31,575,908
72$39,457,456$19,551,727$15,795,117$34,338,414
73$43,426,333$20,453,979$16,268,470$37,364,177
74$47,798,279$21,398,683$16,755,924$40,679,263
75$52,614,350$22,387,866$17,257,894$44,312,363
76$57,919,791$23,423,649$17,774,811$48,295,056
77$63,764,459$24,508,256$18,307,116$52,662,106
78$70,203,294$25,644,021$18,855,264$57,451,783
79$77,296,838$26,833,386$19,419,723$62,706,218
80$85,111,806$28,078,913$20,000,975$68,471,796
81$93,721,719$29,383,287$20,599,516$74,799,588
82$103,207,590$30,749,325$21,215,856$81,745,826
83$113,658,697$32,179,975$21,850,520$89,372,431
84$125,173,421$33,678,330$22,504,050$97,747,582
85$137,860,176$35,247,634$23,177,001$106,946,364
86$151,838,429$36,891,284$23,869,946$117,051,460
87$167,239,835$38,612,843$24,583,476$128,153,927
88$184,209,472$40,416,046$25,318,196$140,354,050
89$202,907,214$42,304,808$26,074,731$153,762,275
90$223,509,239$44,283,233$26,853,724$168,500,246
91$246,209,694$46,355,624$27,655,836$184,701,945
92$271,222,524$48,526,491$28,481,748$202,514,943
93$298,783,496$50,800,563$29,332,160$222,101,786
94$329,152,419$53,182,797$30,207,794$243,641,518
95$362,615,602$55,678,390$31,109,392$267,331,359
96$399,488,553$58,292,791$32,037,716$293,388,558
97$440,118,959$61,031,711$32,993,553$322,052,426
98$484,889,968$63,901,140$33,977,712$353,586,589
99$534,223,804$66,907,355$34,991,025$388,281,457
100$588,585,756$70,056,940$36,034,348$426,456,956