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%11.4%
1 years$883,596$875,725$868,047$860,552$853,233$848,211
2 years$437,424$429,277$421,382$413,727$406,301$401,235
3 years$288,719$280,537$272,662$265,079$257,774$252,820
4 years$214,381$206,225$198,428$190,974$183,847$179,043
5 years$169,790$161,683$153,988$146,687$139,757$135,119
6 years$140,073$132,026$124,445$117,306$110,585$106,117
7 years$118,854$110,875$103,415$96,444$89,935$85,640
8 years$102,948$95,041$87,704$80,905$74,610$70,488
9 years$90,582$82,750$75,539$68,913$62,833$58,882
10 years$80,696$72,940$65,857$59,403$53,536$49,756
11 years$72,612$64,934$57,979$51,699$46,043$42,430
12 years$65,881$58,281$51,455$45,347$39,900$36,451
13 years$60,189$52,669$45,972$40,034$34,794$31,505
14 years$55,315$47,875$41,306$35,538$30,500$27,369
15 years$51,094$43,735$37,294$31,694$26,854$23,877
16 years$47,405$40,126$33,812$28,378$23,734$20,905
17 years$44,153$36,954$30,768$25,498$21,044$18,359
18 years$41,266$34,147$28,087$22,979$18,712$16,167
19 years$38,685$31,648$25,712$20,763$16,678$14,268
20 years$36,366$29,408$23,597$18,805$14,897$12,617
21 years$34,270$27,393$21,705$17,067$13,331$11,177
22 years$32,367$25,570$20,005$15,518$11,950$9,916
23 years$30,633$23,915$18,471$14,132$10,727$8,809
24 years$29,045$22,407$17,082$12,889$9,641$7,834
25 years$27,586$21,028$15,822$11,771$8,676$6,975
26 years$26,242$19,763$14,674$10,763$7,815$6,215
27 years$25,000$18,599$13,626$9,852$7,046$5,543
28 years$23,848$17,526$12,667$9,026$6,357$4,946
29 years$22,778$16,534$11,788$8,277$5,741$4,417
30 years$21,781$15,614$10,980$7,596$5,187$3,947
31 years$20,850$14,761$10,236$6,977$4,690$3,528
32 years$19,979$13,967$9,551$6,412$4,242$3,155
33 years$19,162$13,227$8,917$5,896$3,839$2,823
34 years$18,395$12,536$8,332$5,425$3,476$2,526
35 years$17,674$11,890$7,790$4,994$3,148$2,262
36 years$16,994$11,285$7,287$4,599$2,852$2,026
37 years$16,353$10,718$6,821$4,238$2,585$1,814
38 years$15,746$10,186$6,387$3,906$2,344$1,626
39 years$15,172$9,686$5,984$3,602$2,125$1,457
40 years$14,629$9,216$5,609$3,322$1,928$1,306
41 years$14,113$8,772$5,259$3,065$1,749$1,170
42 years$13,623$8,355$4,933$2,828$1,587$1,049
43 years$13,157$7,960$4,629$2,611$1,440$941
44 years$12,713$7,588$4,345$2,411$1,307$844
45 years$12,290$7,236$4,080$2,226$1,187$757
46 years$11,887$6,903$3,832$2,057$1,078$679
47 years$11,503$6,587$3,600$1,900$979$609
48 years$11,135$6,288$3,383$1,756$889$546
49 years$10,783$6,005$3,180$1,623$807$490
50 years$10,447$5,736$2,990$1,500$733$440

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 $3,429 every year, while hoping to spend $25,271 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: 45/41/14 Blend
58$10,700,000$10,700,000$10,700,000$10,700,000
59$11,794,937$11,227,837$11,061,987$12,278,399
60$12,971,132$11,751,113$11,405,675$13,138,608
61$14,266,453$12,299,182$11,760,030$14,068,008
62$15,693,022$12,873,233$12,125,383$15,075,262
63$17,264,201$13,474,512$12,502,073$16,167,581
64$18,994,709$14,104,323$12,890,453$17,352,876
65$20,900,771$14,764,037$13,290,885$18,639,835
66$23,000,263$15,455,087$13,703,742$20,037,992
67$25,312,882$16,178,979$14,129,410$21,557,821
68$27,860,336$16,937,289$14,568,285$23,210,820
69$30,666,545$17,731,671$15,020,777$25,009,622
70$33,757,867$18,563,857$15,487,308$26,968,106
71$37,163,350$19,435,666$15,968,313$29,101,519
72$40,915,000$20,349,003$16,464,240$31,426,619
73$45,048,090$21,305,864$16,975,552$33,961,823
74$49,601,487$22,308,343$17,502,725$36,727,376
75$54,618,023$23,358,636$18,046,251$39,745,532
76$60,144,897$24,459,046$18,606,636$43,040,761
77$66,234,122$25,611,984$19,184,403$46,639,970
78$72,943,012$26,819,981$19,780,090$50,572,748
79$80,334,729$28,085,689$20,394,253$54,871,637
80$88,478,874$29,411,891$21,027,463$59,572,431
81$97,452,147$30,801,502$21,680,311$64,714,507
82$107,339,070$32,257,579$22,353,405$70,341,181
83$118,232,782$33,783,328$23,047,372$76,500,111
84$130,235,925$35,382,110$23,762,858$83,243,735
85$143,461,606$37,057,449$24,500,530$90,629,757
86$158,034,467$38,813,042$25,261,075$98,721,675
87$174,091,863$40,652,761$26,045,201$107,589,372
88$191,785,156$42,580,670$26,853,639$117,309,761
89$211,281,147$44,601,027$27,687,141$127,967,501
90$232,763,647$46,718,301$28,546,483$139,655,776
91$256,435,215$48,937,173$29,432,466$152,477,166
92$282,519,067$51,262,555$30,345,913$166,544,595
93$311,261,187$53,699,595$31,287,677$181,982,384
94$342,932,646$56,253,693$32,258,632$198,927,407
95$377,832,163$58,930,511$33,259,683$217,530,364
96$416,288,923$61,735,986$34,291,762$237,957,186
97$458,665,685$64,676,341$35,355,828$260,390,583
98$505,362,209$67,758,106$36,452,873$285,031,745
99$556,819,026$70,988,125$37,583,916$312,102,225
100$613,521,600$74,373,576$38,750,010$341,846,002