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%20%
1 years$875,338$867,541$859,934$852,509$845,259$811,402
2 years$433,336$425,265$417,444$409,860$402,504$368,819
3 years$286,021$277,916$270,114$262,601$255,365$222,913
4 years$212,378$204,297$196,574$189,189$182,129$151,155
5 years$168,204$160,172$152,549$145,316$138,451$109,036
6 years$138,764$130,792$123,282$116,210$109,552$81,713
7 years$117,743$109,839$102,448$95,543$89,095$62,822
8 years$101,985$94,152$86,884$80,148$73,913$49,179
9 years$89,736$81,977$74,833$68,269$62,245$39,012
10 years$79,942$72,258$65,241$58,848$53,036$31,257
11 years$71,933$64,327$57,438$51,216$45,613$25,238
12 years$65,265$57,737$50,974$44,923$39,527$20,500
13 years$59,627$52,177$45,542$39,660$34,468$16,731
14 years$54,798$47,428$40,920$35,206$30,215$13,707
15 years$50,617$43,326$36,945$31,398$26,603$11,264
16 years$46,962$39,751$33,496$28,113$23,512$9,279
17 years$43,741$36,609$30,480$25,259$20,848$7,660
18 years$40,880$33,828$27,824$22,764$18,537$6,333
19 years$38,324$31,352$25,472$20,569$16,522$5,244
20 years$36,026$29,134$23,377$18,629$14,758$4,346
21 years$33,950$27,137$21,502$16,907$13,207$3,606
22 years$32,065$25,331$19,818$15,373$11,838$2,994
23 years$30,346$23,692$18,298$14,000$10,626$2,487
24 years$28,773$22,198$16,923$12,769$9,551$2,067
25 years$27,328$20,831$15,674$11,661$8,595$1,719
26 years$25,997$19,578$14,537$10,662$7,742$1,430
27 years$24,766$18,425$13,499$9,760$6,980$1,190
28 years$23,625$17,362$12,549$8,942$6,298$990
29 years$22,565$16,379$11,678$8,200$5,687$825
30 years$21,577$15,468$10,877$7,525$5,139$687
31 years$20,655$14,623$10,141$6,912$4,646$572
32 years$19,792$13,836$9,461$6,352$4,202$476
33 years$18,983$13,103$8,834$5,841$3,803$397
34 years$18,223$12,419$8,254$5,374$3,443$330
35 years$17,509$11,779$7,717$4,947$3,119$275
36 years$16,835$11,180$7,219$4,556$2,826$229
37 years$16,200$10,618$6,757$4,198$2,561$191
38 years$15,599$10,091$6,328$3,869$2,322$159
39 years$15,031$9,596$5,928$3,568$2,106$133
40 years$14,492$9,130$5,556$3,291$1,910$110
41 years$13,981$8,690$5,210$3,036$1,733$92
42 years$13,495$8,277$4,887$2,802$1,572$77
43 years$13,034$7,886$4,586$2,587$1,427$64
44 years$12,594$7,517$4,305$2,388$1,295$53
45 years$12,176$7,168$4,042$2,206$1,176$44
46 years$11,776$6,838$3,796$2,037$1,068$37
47 years$11,395$6,526$3,567$1,882$969$31
48 years$11,031$6,230$3,352$1,739$880$26
49 years$10,683$5,949$3,150$1,607$800$21
50 years$10,349$5,683$2,962$1,486$726$18

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 $2,049 every year, while hoping to spend $53,197 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: 60/18/22 Blend
58$10,600,000$10,600,000$10,600,000$10,600,000
59$11,683,314$11,121,514$10,957,214$12,316,149
60$12,818,410$11,609,867$11,267,679$13,234,020
61$14,067,504$12,120,366$11,586,762$14,229,002
62$15,442,166$12,654,041$11,914,695$15,313,401
63$16,955,147$13,211,968$12,251,717$16,495,907
64$18,620,495$13,795,278$12,598,073$17,786,078
65$20,453,690$14,405,151$12,954,013$19,194,429
66$22,471,789$15,042,826$13,319,795$20,732,531
67$24,693,586$15,709,599$13,695,683$22,413,115
68$27,139,792$16,406,829$14,081,948$24,250,194
69$29,833,225$17,135,938$14,478,868$26,259,187
70$32,799,032$17,898,417$14,886,728$28,457,067
71$36,064,919$18,695,826$15,305,819$30,862,516
72$39,661,420$19,529,800$15,736,443$33,496,098
73$43,622,176$20,402,052$16,178,906$36,380,452
74$47,984,262$21,314,376$16,633,522$39,540,500
75$52,788,527$22,268,651$17,100,616$43,003,683
76$58,079,989$23,266,847$17,580,519$46,800,212
77$63,908,252$24,311,026$18,073,570$50,963,353
78$70,327,976$25,403,350$18,580,117$55,529,735
79$77,399,396$26,546,081$19,100,518$60,539,693
80$85,188,888$27,741,591$19,635,139$66,037,646
81$93,769,592$28,992,367$20,184,353$72,072,511
82$103,222,108$30,301,011$20,748,547$78,698,158
83$113,635,254$31,670,251$21,328,114$85,973,919
84$125,106,901$33,102,945$21,923,457$93,965,139
85$137,744,904$34,602,088$22,534,992$102,743,789
86$151,668,112$36,170,818$23,163,141$112,389,144
87$167,007,493$37,812,422$23,808,341$122,988,518
88$183,907,372$39,530,345$24,471,035$134,638,092
89$202,526,790$41,328,198$25,151,681$147,443,809
90$223,041,006$43,209,763$25,850,745$161,522,371
91$245,643,151$45,179,004$26,568,708$177,002,335
92$270,546,052$47,240,074$27,306,059$194,025,316
93$297,984,238$49,397,327$28,063,301$212,747,324
94$328,216,158$51,655,324$28,840,949$233,340,222
95$361,526,616$54,018,844$29,639,531$255,993,347
96$398,229,461$56,492,899$30,459,586$280,915,283
97$438,670,552$59,082,736$31,301,667$308,335,831
98$483,231,016$61,793,858$32,166,341$338,508,160
99$532,330,855$64,632,032$33,054,188$371,711,195
100$586,432,900$67,603,300$33,965,802$408,252,238