Can I retire at age 59 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$883,596$875,725$868,047$860,552$853,233$828,244
2 years$437,424$429,277$421,382$413,727$406,301$381,328
3 years$288,719$280,537$272,662$265,079$257,774$233,599
4 years$214,381$206,225$198,428$190,974$183,847$160,655
5 years$169,790$161,683$153,988$146,687$139,757$117,612
6 years$140,073$132,026$124,445$117,306$110,585$89,507
7 years$118,854$110,875$103,415$96,444$89,935$69,924
8 years$102,948$95,041$87,704$80,905$74,610$55,653
9 years$90,582$82,750$75,539$68,913$62,833$44,911
10 years$80,696$72,940$65,857$59,403$53,536$36,625
11 years$72,612$64,934$57,979$51,699$46,043$30,114
12 years$65,881$58,281$51,455$45,347$39,900$24,921
13 years$60,189$52,669$45,972$40,034$34,794$20,732
14 years$55,315$47,875$41,306$35,538$30,500$17,319
15 years$51,094$43,735$37,294$31,694$26,854$14,518
16 years$47,405$40,126$33,812$28,378$23,734$12,205
17 years$44,153$36,954$30,768$25,498$21,044$10,285
18 years$41,266$34,147$28,087$22,979$18,712$8,683
19 years$38,685$31,648$25,712$20,763$16,678$7,343
20 years$36,366$29,408$23,597$18,805$14,897$6,219
21 years$34,270$27,393$21,705$17,067$13,331$5,272
22 years$32,367$25,570$20,005$15,518$11,950$4,474
23 years$30,633$23,915$18,471$14,132$10,727$3,800
24 years$29,045$22,407$17,082$12,889$9,641$3,230
25 years$27,586$21,028$15,822$11,771$8,676$2,747
26 years$26,242$19,763$14,674$10,763$7,815$2,337
27 years$25,000$18,599$13,626$9,852$7,046$1,989
28 years$23,848$17,526$12,667$9,026$6,357$1,694
29 years$22,778$16,534$11,788$8,277$5,741$1,443
30 years$21,781$15,614$10,980$7,596$5,187$1,229
31 years$20,850$14,761$10,236$6,977$4,690$1,047
32 years$19,979$13,967$9,551$6,412$4,242$893
33 years$19,162$13,227$8,917$5,896$3,839$761
34 years$18,395$12,536$8,332$5,425$3,476$649
35 years$17,674$11,890$7,790$4,994$3,148$553
36 years$16,994$11,285$7,287$4,599$2,852$472
37 years$16,353$10,718$6,821$4,238$2,585$402
38 years$15,746$10,186$6,387$3,906$2,344$343
39 years$15,172$9,686$5,984$3,602$2,125$293
40 years$14,629$9,216$5,609$3,322$1,928$250
41 years$14,113$8,772$5,259$3,065$1,749$213
42 years$13,623$8,355$4,933$2,828$1,587$182
43 years$13,157$7,960$4,629$2,611$1,440$155
44 years$12,713$7,588$4,345$2,411$1,307$132
45 years$12,290$7,236$4,080$2,226$1,187$113
46 years$11,887$6,903$3,832$2,057$1,078$96
47 years$11,503$6,587$3,600$1,900$979$82
48 years$11,135$6,288$3,383$1,756$889$70
49 years$10,783$6,005$3,180$1,623$807$60
50 years$10,447$5,736$2,990$1,500$733$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,700,000, adding $2,896 every year, while hoping to spend $50,495 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: 44/45/11 Blend
58$10,700,000$10,700,000$10,700,000$10,700,000
59$11,794,387$11,227,287$11,061,437$12,276,012
60$12,943,688$11,723,698$11,378,269$13,107,640
61$14,208,526$12,242,741$11,704,022$14,003,101
62$15,600,631$12,785,470$12,038,943$14,972,499
63$17,132,931$13,352,993$12,383,282$16,022,653
64$18,819,667$13,946,468$12,737,300$17,161,045
65$20,676,535$14,567,106$13,101,261$18,395,888
66$22,720,827$15,216,180$13,475,439$19,736,197
67$24,971,598$15,895,020$13,860,113$21,191,873
68$27,449,845$16,605,020$14,255,571$22,773,787
69$30,178,705$17,347,641$14,662,108$24,493,881
70$33,183,670$18,124,413$15,080,026$26,365,274
71$36,492,835$18,936,940$15,509,637$28,402,378
72$40,137,154$19,786,900$15,951,260$30,621,033
73$44,150,738$20,676,052$16,405,221$33,038,646
74$48,571,175$21,606,240$16,871,858$35,674,351
75$53,439,883$22,579,395$17,351,514$38,549,182
76$58,802,506$23,597,539$17,844,544$41,686,266
77$64,709,336$24,662,793$18,351,310$45,111,031
78$71,215,795$25,777,377$18,872,186$48,851,440
79$78,382,955$26,943,618$19,407,554$52,938,249
80$86,278,115$28,163,954$19,957,806$57,405,285
81$94,975,435$29,440,939$20,523,344$62,289,757
82$104,556,635$30,777,251$21,104,582$67,632,603
83$115,111,769$32,175,693$21,701,942$73,478,858
84$126,740,073$33,639,206$22,315,861$79,878,079
85$139,550,902$35,170,868$22,946,784$86,884,793
86$153,664,760$36,773,907$23,595,167$94,559,006
87$169,214,442$38,451,705$24,261,481$102,966,757
88$186,346,281$40,207,804$24,946,207$112,180,729
89$205,221,534$42,045,920$25,649,838$122,280,922
90$226,017,904$43,969,942$26,372,880$133,355,393
91$248,931,212$45,983,951$27,115,853$145,501,079
92$274,177,251$48,092,220$27,879,290$158,824,690
93$301,993,820$50,299,228$28,663,736$173,443,709
94$332,642,969$52,609,671$29,469,751$189,487,477
95$366,413,474$55,028,467$30,297,909$207,098,404
96$403,623,560$57,560,773$31,148,800$226,433,293
97$444,623,905$60,211,993$32,023,028$247,664,800
98$489,800,954$62,987,791$32,921,210$270,983,050
99$539,580,562$65,894,104$33,843,981$296,597,405
100$594,432,018$68,937,153$34,791,993$324,738,425