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

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$875,338$867,541$859,934$852,509$845,259$819,844
2 years$433,336$425,265$417,444$409,860$402,504$377,113
3 years$286,021$277,916$270,114$262,601$255,365$230,794
4 years$212,378$204,297$196,574$189,189$182,129$158,566
5 years$168,204$160,172$152,549$145,316$138,451$115,961
6 years$138,764$130,792$123,282$116,210$109,552$88,153
7 years$117,743$109,839$102,448$95,543$89,095$68,788
8 years$101,985$94,152$86,884$80,148$73,913$54,685
9 years$89,736$81,977$74,833$68,269$62,245$44,076
10 years$79,942$72,258$65,241$58,848$53,036$35,899
11 years$71,933$64,327$57,438$51,216$45,613$29,479
12 years$65,265$57,737$50,974$44,923$39,527$24,364
13 years$59,627$52,177$45,542$39,660$34,468$20,240
14 years$54,798$47,428$40,920$35,206$30,215$16,885
15 years$50,617$43,326$36,945$31,398$26,603$14,135
16 years$46,962$39,751$33,496$28,113$23,512$11,866
17 years$43,741$36,609$30,480$25,259$20,848$9,984
18 years$40,880$33,828$27,824$22,764$18,537$8,417
19 years$38,324$31,352$25,472$20,569$16,522$7,107
20 years$36,026$29,134$23,377$18,629$14,758$6,010
21 years$33,950$27,137$21,502$16,907$13,207$5,087
22 years$32,065$25,331$19,818$15,373$11,838$4,310
23 years$30,346$23,692$18,298$14,000$10,626$3,655
24 years$28,773$22,198$16,923$12,769$9,551$3,102
25 years$27,328$20,831$15,674$11,661$8,595$2,633
26 years$25,997$19,578$14,537$10,662$7,742$2,237
27 years$24,766$18,425$13,499$9,760$6,980$1,901
28 years$23,625$17,362$12,549$8,942$6,298$1,616
29 years$22,565$16,379$11,678$8,200$5,687$1,374
30 years$21,577$15,468$10,877$7,525$5,139$1,169
31 years$20,655$14,623$10,141$6,912$4,646$994
32 years$19,792$13,836$9,461$6,352$4,202$846
33 years$18,983$13,103$8,834$5,841$3,803$720
34 years$18,223$12,419$8,254$5,374$3,443$613
35 years$17,509$11,779$7,717$4,947$3,119$522
36 years$16,835$11,180$7,219$4,556$2,826$444
37 years$16,200$10,618$6,757$4,198$2,561$378
38 years$15,599$10,091$6,328$3,869$2,322$322
39 years$15,031$9,596$5,928$3,568$2,106$274
40 years$14,492$9,130$5,556$3,291$1,910$233
41 years$13,981$8,690$5,210$3,036$1,733$199
42 years$13,495$8,277$4,887$2,802$1,572$169
43 years$13,034$7,886$4,586$2,587$1,427$144
44 years$12,594$7,517$4,305$2,388$1,295$123
45 years$12,176$7,168$4,042$2,206$1,176$105
46 years$11,776$6,838$3,796$2,037$1,068$89
47 years$11,395$6,526$3,567$1,882$969$76
48 years$11,031$6,230$3,352$1,739$880$65
49 years$10,683$5,949$3,150$1,607$800$55
50 years$10,349$5,683$2,962$1,486$726$47

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 $3,269 every year, while hoping to spend $47,411 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: 46/37/17 Blend
58$10,600,000$10,600,000$10,600,000$10,600,000
59$11,684,572$11,122,772$10,958,472$12,165,335
60$12,825,953$11,617,343$11,275,136$12,995,325
61$14,082,167$12,134,559$11,600,819$13,890,205
62$15,464,875$12,675,479$11,935,773$14,860,041
63$16,986,928$13,241,214$12,280,258$15,911,823
64$18,662,487$13,832,926$12,634,539$17,053,227
65$20,507,154$14,451,832$12,998,889$18,292,684
66$22,538,122$15,099,210$13,373,590$19,639,453
67$24,774,334$15,776,395$13,758,929$21,103,707
68$27,236,666$16,484,788$14,155,203$22,696,624
69$29,948,119$17,225,856$14,562,715$24,430,486
70$32,934,039$18,001,135$14,981,779$26,318,794
71$36,222,357$18,812,236$15,412,714$28,376,387
72$39,843,848$19,660,847$15,855,850$30,619,579
73$43,832,426$20,548,733$16,311,527$33,066,308
74$48,225,460$21,477,748$16,780,090$35,736,296
75$53,064,131$22,449,832$17,261,897$38,651,234
76$58,393,816$23,467,017$17,757,314$41,834,980
77$64,264,519$24,531,435$18,266,718$45,313,773
78$70,731,342$25,645,317$18,790,494$49,116,481
79$77,855,003$26,811,002$19,329,041$53,274,861
80$85,702,413$28,030,941$19,882,764$57,823,855
81$94,347,305$29,307,703$20,452,082$62,801,908
82$103,870,928$30,643,978$21,037,424$68,251,329
83$114,362,816$32,042,587$21,639,232$74,218,676
84$125,921,635$33,506,485$22,257,957$80,755,191
85$138,656,108$35,038,768$22,894,065$87,917,273
86$152,686,046$36,642,684$23,548,032$95,767,000
87$168,143,480$38,321,632$24,220,348$104,372,707
88$185,173,901$40,079,178$24,911,515$113,809,618
89$203,937,637$41,919,057$25,622,050$124,160,549
90$224,611,369$43,845,183$26,352,481$135,516,674
91$247,389,793$45,861,661$27,103,353$147,978,378
92$272,487,460$47,972,790$27,875,223$161,656,187
93$300,140,802$50,183,078$28,668,664$176,671,805
94$330,610,362$52,497,248$29,484,264$193,159,243
95$364,183,257$54,920,251$30,322,624$211,266,074
96$401,175,882$57,457,276$31,184,365$231,154,807
97$441,936,902$60,113,762$32,070,121$253,004,412
98$486,850,540$62,895,411$32,980,544$277,011,985
99$536,340,205$65,808,196$33,916,302$303,394,599
100$590,872,490$68,858,381$34,878,082$332,391,330