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%13.1%
1 years$858,822$851,172$843,709$836,424$829,311$818,608
2 years$425,160$417,241$409,567$402,127$394,910$384,143
3 years$280,624$272,672$265,017$257,647$250,547$240,050
4 years$208,371$200,443$192,865$185,620$178,692$168,546
5 years$165,030$157,149$149,671$142,574$135,839$126,073
6 years$136,145$128,324$120,956$114,017$107,485$98,110
7 years$115,522$107,767$100,515$93,740$87,414$78,435
8 years$100,061$92,376$85,245$78,636$72,518$63,934
9 years$88,043$80,430$73,421$66,981$61,071$52,877
10 years$78,433$70,895$64,010$57,738$52,035$44,227
11 years$70,576$63,114$56,354$50,249$44,752$37,321
12 years$64,033$56,647$50,013$44,075$38,781$31,720
13 years$58,502$51,193$44,683$38,912$33,818$27,117
14 years$53,764$46,533$40,148$34,542$29,645$23,294
15 years$49,662$42,508$36,248$30,805$26,102$20,090
16 years$46,076$39,001$32,864$27,583$23,069$17,386
17 years$42,915$35,918$29,905$24,783$20,454$15,089
18 years$40,109$33,190$27,299$22,334$18,187$13,127
19 years$37,601$30,760$24,991$20,181$16,210$11,444
20 years$35,346$28,584$22,936$18,278$14,479$9,995
21 years$33,309$26,625$21,097$16,588$12,957$8,743
22 years$31,460$24,853$19,444$15,082$11,615$7,658
23 years$29,774$23,245$17,953$13,736$10,426$6,716
24 years$28,230$21,779$16,603$12,528$9,371$5,895
25 years$26,813$20,438$15,378$11,441$8,432$5,179
26 years$25,506$19,209$14,262$10,461$7,596$4,554
27 years$24,299$18,078$13,244$9,575$6,848$4,007
28 years$23,179$17,034$12,312$8,773$6,179$3,527
29 years$22,139$16,070$11,457$8,045$5,580$3,107
30 years$21,170$15,176$10,672$7,383$5,042$2,738
31 years$20,265$14,347$9,949$6,781$4,558$2,414
32 years$19,418$13,575$9,283$6,232$4,123$2,129
33 years$18,625$12,856$8,667$5,731$3,731$1,878
34 years$17,880$12,184$8,098$5,273$3,378$1,657
35 years$17,178$11,557$7,571$4,854$3,060$1,462
36 years$16,518$10,969$7,083$4,470$2,772$1,291
37 years$15,894$10,418$6,629$4,119$2,513$1,140
38 years$15,305$9,901$6,208$3,796$2,278$1,007
39 years$14,747$9,415$5,816$3,501$2,066$889
40 years$14,218$8,957$5,452$3,229$1,874$785
41 years$13,717$8,527$5,112$2,979$1,700$694
42 years$13,241$8,120$4,795$2,749$1,543$613
43 years$12,788$7,737$4,500$2,538$1,400$542
44 years$12,357$7,375$4,224$2,343$1,271$479
45 years$11,946$7,033$3,966$2,164$1,154$423
46 years$11,554$6,709$3,725$1,999$1,047$374
47 years$11,180$6,402$3,499$1,847$951$330
48 years$10,823$6,112$3,288$1,707$864$292
49 years$10,481$5,837$3,091$1,577$784$258
50 years$10,154$5,575$2,906$1,458$713$228

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 $3,926 every year, while hoping to spend $53,700 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: 63/27/10 Blend
58$10,400,000$10,400,000$10,400,000$10,400,000
59$11,464,850$10,913,650$10,752,450$12,161,598
60$12,577,128$11,391,282$11,055,520$13,105,357
61$13,801,059$11,890,519$11,366,944$14,128,813
62$15,147,974$12,412,362$11,686,944$15,244,946
63$16,630,360$12,957,860$12,015,749$16,462,745
64$18,261,974$13,528,112$12,353,594$17,792,098
65$20,057,975$14,124,269$12,700,719$19,243,879
66$22,035,066$14,747,536$13,057,371$20,830,052
67$24,211,652$15,399,175$13,423,802$22,563,779
68$26,608,015$16,080,508$13,800,274$24,459,541
69$29,246,499$16,792,921$14,187,050$26,533,271
70$32,151,730$17,537,861$14,584,404$28,802,505
71$35,350,840$18,316,850$14,992,615$31,286,540
72$38,873,728$19,131,478$15,411,970$34,006,612
73$42,753,339$19,983,411$15,842,762$36,986,097
74$47,025,977$20,874,396$16,285,291$40,250,725
75$51,731,646$21,806,260$16,739,868$43,828,820
76$56,914,427$22,780,920$17,206,806$47,751,560
77$62,622,895$23,800,382$17,686,431$52,053,271
78$68,910,578$24,866,748$18,179,074$56,771,746
79$75,836,459$25,982,221$18,685,075$61,948,593
80$83,465,535$27,149,107$19,204,783$67,629,627
81$91,869,431$28,369,825$19,738,554$73,865,295
82$101,127,072$29,646,905$20,286,755$80,711,148
83$111,325,432$30,983,002$20,849,759$88,228,358
84$122,560,351$32,380,894$21,427,951$96,484,292
85$134,937,443$33,843,494$22,021,724$105,553,137
86$148,573,091$35,373,854$22,631,481$115,516,600
87$163,595,544$36,975,171$23,257,633$126,464,667
88$180,146,129$38,650,793$23,900,603$138,496,450
89$198,380,585$40,404,233$24,560,824$151,721,111
90$218,470,530$42,239,166$25,238,738$166,258,885
91$240,605,087$44,159,448$25,934,798$182,242,210
92$264,992,662$46,169,117$26,649,469$199,816,968
93$291,862,913$48,272,403$27,383,226$219,143,849
94$321,468,922$50,473,742$28,136,556$240,399,863
95$354,089,577$52,777,781$28,909,956$263,780,000
96$390,032,210$55,189,388$29,703,935$289,499,061
97$429,635,494$57,713,667$30,519,016$317,793,672
98$473,272,644$60,355,966$31,355,733$348,924,511
99$521,354,934$63,121,889$32,214,630$383,178,754
100$574,335,585$66,017,310$33,096,268$420,872,775