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%12.4%
1 years$875,338$867,541$859,934$852,509$845,259$836,780
2 years$433,336$425,265$417,444$409,860$402,504$393,964
3 years$286,021$277,916$270,114$262,601$255,365$247,029
4 years$212,378$204,297$196,574$189,189$182,129$174,060
5 years$168,204$160,172$152,549$145,316$138,451$130,675
6 years$138,764$130,792$123,282$116,210$109,552$102,077
7 years$117,743$109,839$102,448$95,543$89,095$81,924
8 years$101,985$94,152$86,884$80,148$73,913$67,046
9 years$89,736$81,977$74,833$68,269$62,245$55,681
10 years$79,942$72,258$65,241$58,848$53,036$46,769
11 years$71,933$64,327$57,438$51,216$45,613$39,639
12 years$65,265$57,737$50,974$44,923$39,527$33,839
13 years$59,627$52,177$45,542$39,660$34,468$29,061
14 years$54,798$47,428$40,920$35,206$30,215$25,080
15 years$50,617$43,326$36,945$31,398$26,603$21,733
16 years$46,962$39,751$33,496$28,113$23,512$18,899
17 years$43,741$36,609$30,480$25,259$20,848$16,483
18 years$40,880$33,828$27,824$22,764$18,537$14,412
19 years$38,324$31,352$25,472$20,569$16,522$12,629
20 years$36,026$29,134$23,377$18,629$14,758$11,086
21 years$33,950$27,137$21,502$16,907$13,207$9,749
22 years$32,065$25,331$19,818$15,373$11,838$8,584
23 years$30,346$23,692$18,298$14,000$10,626$7,568
24 years$28,773$22,198$16,923$12,769$9,551$6,679
25 years$27,328$20,831$15,674$11,661$8,595$5,901
26 years$25,997$19,578$14,537$10,662$7,742$5,217
27 years$24,766$18,425$13,499$9,760$6,980$4,616
28 years$23,625$17,362$12,549$8,942$6,298$4,087
29 years$22,565$16,379$11,678$8,200$5,687$3,620
30 years$21,577$15,468$10,877$7,525$5,139$3,208
31 years$20,655$14,623$10,141$6,912$4,646$2,845
32 years$19,792$13,836$9,461$6,352$4,202$2,523
33 years$18,983$13,103$8,834$5,841$3,803$2,239
34 years$18,223$12,419$8,254$5,374$3,443$1,987
35 years$17,509$11,779$7,717$4,947$3,119$1,764
36 years$16,835$11,180$7,219$4,556$2,826$1,567
37 years$16,200$10,618$6,757$4,198$2,561$1,391
38 years$15,599$10,091$6,328$3,869$2,322$1,236
39 years$15,031$9,596$5,928$3,568$2,106$1,098
40 years$14,492$9,130$5,556$3,291$1,910$976
41 years$13,981$8,690$5,210$3,036$1,733$867
42 years$13,495$8,277$4,887$2,802$1,572$771
43 years$13,034$7,886$4,586$2,587$1,427$685
44 years$12,594$7,517$4,305$2,388$1,295$609
45 years$12,176$7,168$4,042$2,206$1,176$542
46 years$11,776$6,838$3,796$2,037$1,068$482
47 years$11,395$6,526$3,567$1,882$969$428
48 years$11,031$6,230$3,352$1,739$880$381
49 years$10,683$5,949$3,150$1,607$800$339
50 years$10,349$5,683$2,962$1,486$726$301

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 $6,019 every year, while hoping to spend $43,070 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: 60/17/23 Blend
58$10,600,000$10,600,000$10,600,000$10,600,000
59$11,687,409$11,125,609$10,961,309$12,316,823
60$12,833,698$11,624,937$11,282,686$13,244,207
61$14,095,466$12,147,290$11,613,387$14,250,359
62$15,484,445$12,693,748$11,953,676$15,347,205
63$17,013,563$13,265,447$12,303,830$16,543,562
64$18,697,068$13,863,575$12,664,129$17,849,126
65$20,550,656$14,489,377$13,034,865$19,274,570
66$22,591,624$15,144,158$13,416,334$20,831,632
67$24,839,032$15,829,284$13,808,844$22,533,233
68$27,313,883$16,546,188$14,212,709$24,393,589
69$30,039,318$17,296,371$14,628,254$26,428,347
70$33,040,839$18,081,404$15,055,811$28,654,727
71$36,346,546$18,902,935$15,495,723$31,091,686
72$39,987,406$19,762,690$15,948,342$33,760,089
73$43,997,539$20,662,480$16,414,029$36,682,906
74$48,414,545$21,604,198$16,893,156$39,885,425
75$53,279,857$22,589,833$17,386,105$43,395,487
76$58,639,133$23,621,465$17,893,270$47,243,744
77$64,542,684$24,701,276$18,415,053$51,463,948
78$71,045,951$25,831,552$18,951,871$56,093,263
79$78,210,029$27,014,688$19,504,150$61,172,615
80$86,102,240$28,253,197$20,072,327$66,747,068
81$94,796,773$29,549,708$20,656,855$72,866,252
82$104,375,380$30,906,979$21,258,195$79,584,824
83$114,928,148$32,327,901$21,876,824$86,962,980
84$126,554,353$33,815,502$22,513,232$95,067,015
85$139,363,392$35,372,956$23,167,920$103,969,950
86$153,475,819$37,003,592$23,841,406$113,752,211
87$169,024,480$38,710,896$24,534,221$124,502,384
88$186,155,770$40,498,522$25,246,910$136,318,048
89$205,031,011$42,370,302$25,980,034$149,306,685
90$225,827,978$44,330,251$26,734,169$163,586,693
91$248,742,576$46,382,578$27,509,908$179,288,496
92$273,990,687$48,531,693$28,307,859$196,555,768
93$301,810,212$50,782,220$29,128,646$215,546,780
94$332,463,311$53,139,006$29,972,913$236,435,891
95$366,238,882$55,607,131$30,841,319$259,415,184
96$403,455,287$58,191,920$31,734,543$284,696,270
97$444,463,357$60,898,954$32,653,281$312,512,281
98$489,649,703$63,734,086$33,598,248$343,120,056
99$539,440,364$66,703,448$34,570,182$376,802,564
100$594,304,835$69,813,471$35,569,837$413,871,559