Can I retire at age 59 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$875,338$867,541$859,934$852,509$845,259$814,944
2 years$433,336$425,265$417,444$409,860$402,504$372,291
3 years$286,021$277,916$270,114$262,601$255,365$226,202
4 years$212,378$204,297$196,574$189,189$182,129$154,239
5 years$168,204$160,172$152,549$145,316$138,451$111,908
6 years$138,764$130,792$123,282$116,210$109,552$84,375
7 years$117,743$109,839$102,448$95,543$89,095$65,279
8 years$101,985$94,152$86,884$80,148$73,913$51,437
9 years$89,736$81,977$74,833$68,269$62,245$41,080
10 years$79,942$72,258$65,241$58,848$53,036$33,145
11 years$71,933$64,327$57,438$51,216$45,613$26,954
12 years$65,265$57,737$50,974$44,923$39,527$22,056
13 years$59,627$52,177$45,542$39,660$34,468$18,137
14 years$54,798$47,428$40,920$35,206$30,215$14,974
15 years$50,617$43,326$36,945$31,398$26,603$12,402
16 years$46,962$39,751$33,496$28,113$23,512$10,299
17 years$43,741$36,609$30,480$25,259$20,848$8,571
18 years$40,880$33,828$27,824$22,764$18,537$7,145
19 years$38,324$31,352$25,472$20,569$16,522$5,965
20 years$36,026$29,134$23,377$18,629$14,758$4,986
21 years$33,950$27,137$21,502$16,907$13,207$4,172
22 years$32,065$25,331$19,818$15,373$11,838$3,494
23 years$30,346$23,692$18,298$14,000$10,626$2,928
24 years$28,773$22,198$16,923$12,769$9,551$2,455
25 years$27,328$20,831$15,674$11,661$8,595$2,060
26 years$25,997$19,578$14,537$10,662$7,742$1,729
27 years$24,766$18,425$13,499$9,760$6,980$1,451
28 years$23,625$17,362$12,549$8,942$6,298$1,219
29 years$22,565$16,379$11,678$8,200$5,687$1,024
30 years$21,577$15,468$10,877$7,525$5,139$860
31 years$20,655$14,623$10,141$6,912$4,646$723
32 years$19,792$13,836$9,461$6,352$4,202$607
33 years$18,983$13,103$8,834$5,841$3,803$511
34 years$18,223$12,419$8,254$5,374$3,443$429
35 years$17,509$11,779$7,717$4,947$3,119$361
36 years$16,835$11,180$7,219$4,556$2,826$303
37 years$16,200$10,618$6,757$4,198$2,561$255
38 years$15,599$10,091$6,328$3,869$2,322$214
39 years$15,031$9,596$5,928$3,568$2,106$180
40 years$14,492$9,130$5,556$3,291$1,910$152
41 years$13,981$8,690$5,210$3,036$1,733$127
42 years$13,495$8,277$4,887$2,802$1,572$107
43 years$13,034$7,886$4,586$2,587$1,427$90
44 years$12,594$7,517$4,305$2,388$1,295$76
45 years$12,176$7,168$4,042$2,206$1,176$64
46 years$11,776$6,838$3,796$2,037$1,068$54
47 years$11,395$6,526$3,567$1,882$969$45
48 years$11,031$6,230$3,352$1,739$880$38
49 years$10,683$5,949$3,150$1,607$800$32
50 years$10,349$5,683$2,962$1,486$726$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,600,000, adding $2,546 every year, while hoping to spend $56,157 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: 64/18/18 Blend
58$10,600,000$10,600,000$10,600,000$10,600,000
59$11,683,826$11,122,026$10,957,726$12,378,685
60$12,815,826$11,607,255$11,265,059$13,330,854
61$14,061,407$12,114,378$11,580,806$14,363,982
62$15,432,097$12,644,408$11,905,189$15,491,283
63$16,940,594$13,198,407$12,238,436$16,721,956
64$18,600,892$13,777,487$12,580,781$18,066,125
65$20,428,410$14,382,810$12,932,464$19,534,928
66$22,440,136$15,015,597$13,293,731$21,140,624
67$24,654,792$15,677,123$13,664,833$22,896,704
68$27,093,004$16,368,725$14,046,028$24,818,016
69$29,777,502$17,091,804$14,437,581$26,920,904
70$32,733,330$17,847,826$14,839,763$29,223,360
71$35,988,087$18,638,326$15,252,852$31,745,189
72$39,572,181$19,464,913$15,677,131$34,508,196
73$43,519,121$20,329,272$16,112,894$37,536,386
74$47,865,833$21,233,168$16,560,437$40,856,191
75$52,653,005$22,178,449$17,020,068$44,496,713
76$57,925,470$23,167,052$17,492,099$48,489,998
77$63,732,636$24,201,006$17,976,852$52,871,333
78$70,128,943$25,282,434$18,474,656$57,679,578
79$77,174,385$26,413,563$18,985,846$62,957,527
80$84,935,069$27,596,724$19,510,769$68,752,310
81$93,483,843$28,834,360$20,049,776$75,115,832
82$102,900,982$30,129,031$20,603,231$82,105,260
83$113,274,946$31,483,417$21,171,502$89,783,558
84$124,703,212$32,900,326$21,754,970$98,220,077
85$137,293,200$34,382,702$22,354,022$107,491,205
86$151,163,280$35,933,628$22,969,055$117,681,083
87$166,443,892$37,556,334$23,600,476$128,882,393
88$183,278,779$39,254,204$24,248,701$141,197,232
89$201,826,339$41,030,784$24,914,157$154,738,063
90$222,261,123$42,889,790$25,597,279$169,628,777
91$244,775,483$44,835,115$26,298,513$186,005,854
92$269,581,385$46,870,838$27,018,316$204,019,645
93$296,912,411$49,001,235$27,757,155$223,835,785
94$327,025,964$51,230,782$28,515,507$245,636,751
95$360,205,697$53,564,175$29,293,861$269,623,575
96$396,764,190$56,006,332$30,092,717$296,017,734
97$437,045,901$58,562,405$30,912,586$325,063,238
98$481,430,417$61,237,797$31,753,992$357,028,919
99$530,336,037$64,038,167$32,617,469$392,210,963
100$584,223,722$66,969,446$33,503,563$430,935,699