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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$858,822$851,172$843,709$836,424$829,311$820,309
2 years$425,160$417,241$409,567$402,127$394,910$385,846
3 years$280,624$272,672$265,017$257,647$250,547$241,703
4 years$208,371$200,443$192,865$185,620$178,692$170,135
5 years$165,030$157,149$149,671$142,574$135,839$127,595
6 years$136,145$128,324$120,956$114,017$107,485$99,563
7 years$115,522$107,767$100,515$93,740$87,414$79,818
8 years$100,061$92,376$85,245$78,636$72,518$65,248
9 years$88,043$80,430$73,421$66,981$61,071$54,124
10 years$78,433$70,895$64,010$57,738$52,035$45,406
11 years$70,576$63,114$56,354$50,249$44,752$38,436
12 years$64,033$56,647$50,013$44,075$38,781$32,771
13 years$58,502$51,193$44,683$38,912$33,818$28,107
14 years$53,764$46,533$40,148$34,542$29,645$24,225
15 years$49,662$42,508$36,248$30,805$26,102$20,964
16 years$46,076$39,001$32,864$27,583$23,069$18,205
17 years$42,915$35,918$29,905$24,783$20,454$15,855
18 years$40,109$33,190$27,299$22,334$18,187$13,843
19 years$37,601$30,760$24,991$20,181$16,210$12,113
20 years$35,346$28,584$22,936$18,278$14,479$10,618
21 years$33,309$26,625$21,097$16,588$12,957$9,323
22 years$31,460$24,853$19,444$15,082$11,615$8,197
23 years$29,774$23,245$17,953$13,736$10,426$7,216
24 years$28,230$21,779$16,603$12,528$9,371$6,358
25 years$26,813$20,438$15,378$11,441$8,432$5,608
26 years$25,506$19,209$14,262$10,461$7,596$4,951
27 years$24,299$18,078$13,244$9,575$6,848$4,373
28 years$23,179$17,034$12,312$8,773$6,179$3,866
29 years$22,139$16,070$11,457$8,045$5,580$3,419
30 years$21,170$15,176$10,672$7,383$5,042$3,025
31 years$20,265$14,347$9,949$6,781$4,558$2,678
32 years$19,418$13,575$9,283$6,232$4,123$2,371
33 years$18,625$12,856$8,667$5,731$3,731$2,100
34 years$17,880$12,184$8,098$5,273$3,378$1,861
35 years$17,178$11,557$7,571$4,854$3,060$1,650
36 years$16,518$10,969$7,083$4,470$2,772$1,462
37 years$15,894$10,418$6,629$4,119$2,513$1,297
38 years$15,305$9,901$6,208$3,796$2,278$1,150
39 years$14,747$9,415$5,816$3,501$2,066$1,020
40 years$14,218$8,957$5,452$3,229$1,874$905
41 years$13,717$8,527$5,112$2,979$1,700$803
42 years$13,241$8,120$4,795$2,749$1,543$712
43 years$12,788$7,737$4,500$2,538$1,400$632
44 years$12,357$7,375$4,224$2,343$1,271$561
45 years$11,946$7,033$3,966$2,164$1,154$498
46 years$11,554$6,709$3,725$1,999$1,047$442
47 years$11,180$6,402$3,499$1,847$951$392
48 years$10,823$6,112$3,288$1,707$864$348
49 years$10,481$5,837$3,091$1,577$784$309
50 years$10,154$5,575$2,906$1,458$713$275

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 $3,607 every year, while hoping to spend $47,559 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: 57/14/29 Blend
58$10,400,000$10,400,000$10,400,000$10,400,000
59$11,464,521$10,913,321$10,752,121$12,026,348
60$12,583,299$11,397,471$11,061,714$12,897,049
61$13,814,599$11,903,751$11,380,085$13,840,369
62$15,169,848$12,433,194$11,707,478$14,867,657
63$16,661,636$12,986,884$12,044,142$15,987,053
64$18,303,837$13,565,955$12,390,334$17,207,517
65$20,111,738$14,171,596$12,746,320$18,538,906
66$22,102,183$14,805,053$13,112,370$19,992,063
67$24,293,734$15,467,629$13,488,763$21,578,924
68$26,706,843$16,160,690$13,875,784$23,312,621
69$29,364,046$16,885,669$14,273,728$25,207,609
70$32,290,176$17,644,064$14,682,895$27,279,798
71$35,512,598$18,437,448$15,103,596$29,546,699
72$39,061,465$19,267,465$15,536,149$32,027,591
73$42,970,004$20,135,840$15,980,879$34,743,695
74$47,274,829$21,044,380$16,438,123$37,718,377
75$52,016,284$21,994,978$16,908,223$40,977,360
76$57,238,830$22,989,617$17,391,534$44,548,967
77$62,991,458$24,030,375$17,888,417$48,464,388
78$69,328,153$25,119,430$18,399,245$52,757,963
79$76,308,406$26,259,063$18,924,401$57,467,510
80$83,997,770$27,451,664$19,464,275$62,634,676
81$92,468,486$28,699,739$20,019,272$68,305,326
82$101,800,158$30,005,913$20,589,804$74,529,973
83$112,080,507$31,372,935$21,176,295$81,364,247
84$123,406,198$32,803,688$21,779,180$88,869,424
85$135,883,754$34,301,193$22,398,907$97,112,992
86$149,630,560$35,868,615$23,035,934$106,169,288
87$164,775,970$37,509,270$23,690,730$116,120,191
88$181,462,530$39,226,634$24,363,780$127,055,897
89$199,847,320$41,024,351$25,055,579$139,075,758
90$220,103,440$42,906,238$25,766,634$152,289,218
91$242,421,643$44,876,296$26,497,469$166,816,841
92$267,012,134$46,938,718$27,248,617$182,791,441
93$294,106,554$49,097,897$28,020,628$200,359,332
94$323,960,169$51,358,441$28,814,066$219,681,702
95$356,854,278$53,725,177$29,629,509$240,936,129
96$393,098,867$56,203,162$30,467,550$264,318,247
97$433,035,535$58,797,701$31,328,796$290,043,592
98$477,040,721$61,514,350$32,213,873$318,349,623
99$525,529,257$64,358,936$33,123,420$349,497,960
100$578,958,281$67,337,563$34,058,094$383,776,843