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%18.7%
1 years$883,596$875,725$868,047$860,552$853,233$823,287
2 years$437,424$429,277$421,382$413,727$406,301$376,446
3 years$288,719$280,537$272,662$265,079$257,774$228,947
4 years$214,381$206,225$198,428$190,974$183,847$156,268
5 years$169,790$161,683$153,988$146,687$139,757$113,500
6 years$140,073$132,026$124,445$117,306$110,585$85,670
7 years$118,854$110,875$103,415$96,444$89,935$66,356
8 years$102,948$95,041$87,704$80,905$74,610$52,348
9 years$90,582$82,750$75,539$68,913$62,833$41,859
10 years$80,696$72,940$65,857$59,403$53,536$33,816
11 years$72,612$64,934$57,979$51,699$46,043$27,536
12 years$65,881$58,281$51,455$45,347$39,900$22,562
13 years$60,189$52,669$45,972$40,034$34,794$18,579
14 years$55,315$47,875$41,306$35,538$30,500$15,360
15 years$51,094$43,735$37,294$31,694$26,854$12,740
16 years$47,405$40,126$33,812$28,378$23,734$10,595
17 years$44,153$36,954$30,768$25,498$21,044$8,830
18 years$41,266$34,147$28,087$22,979$18,712$7,372
19 years$38,685$31,648$25,712$20,763$16,678$6,164
20 years$36,366$29,408$23,597$18,805$14,897$5,161
21 years$34,270$27,393$21,705$17,067$13,331$4,325
22 years$32,367$25,570$20,005$15,518$11,950$3,627
23 years$30,633$23,915$18,471$14,132$10,727$3,045
24 years$29,045$22,407$17,082$12,889$9,641$2,557
25 years$27,586$21,028$15,822$11,771$8,676$2,149
26 years$26,242$19,763$14,674$10,763$7,815$1,806
27 years$25,000$18,599$13,626$9,852$7,046$1,519
28 years$23,848$17,526$12,667$9,026$6,357$1,278
29 years$22,778$16,534$11,788$8,277$5,741$1,075
30 years$21,781$15,614$10,980$7,596$5,187$905
31 years$20,850$14,761$10,236$6,977$4,690$761
32 years$19,979$13,967$9,551$6,412$4,242$641
33 years$19,162$13,227$8,917$5,896$3,839$540
34 years$18,395$12,536$8,332$5,425$3,476$454
35 years$17,674$11,890$7,790$4,994$3,148$383
36 years$16,994$11,285$7,287$4,599$2,852$322
37 years$16,353$10,718$6,821$4,238$2,585$271
38 years$15,746$10,186$6,387$3,906$2,344$229
39 years$15,172$9,686$5,984$3,602$2,125$192
40 years$14,629$9,216$5,609$3,322$1,928$162
41 years$14,113$8,772$5,259$3,065$1,749$137
42 years$13,623$8,355$4,933$2,828$1,587$115
43 years$13,157$7,960$4,629$2,611$1,440$97
44 years$12,713$7,588$4,345$2,411$1,307$82
45 years$12,290$7,236$4,080$2,226$1,187$69
46 years$11,887$6,903$3,832$2,057$1,078$58
47 years$11,503$6,587$3,600$1,900$979$49
48 years$11,135$6,288$3,383$1,756$889$41
49 years$10,783$6,005$3,180$1,623$807$35
50 years$10,447$5,736$2,990$1,500$733$29

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 $2,801 every year, while hoping to spend $33,780 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: 68/7/25 Blend
58$10,700,000$10,700,000$10,700,000$10,700,000
59$11,794,289$11,227,189$11,061,339$12,520,320
60$12,961,365$11,741,380$11,395,952$13,522,244
61$14,246,350$12,279,634$11,740,643$14,613,836
62$15,661,237$12,843,094$12,095,713$15,807,306
63$17,219,236$13,432,959$12,461,473$17,112,724
64$18,934,910$14,050,486$12,838,244$18,541,175
65$20,824,300$14,696,989$13,226,354$20,104,863
66$22,905,086$15,373,849$13,626,145$21,817,226
67$25,196,749$16,082,511$14,037,964$23,693,058
68$27,720,754$16,824,491$14,462,173$25,748,649
69$30,500,757$17,601,377$14,899,142$28,001,939
70$33,562,823$18,414,834$15,349,252$30,472,680
71$36,935,677$19,266,606$15,812,898$33,182,627
72$40,650,969$20,158,523$16,290,483$36,155,737
73$44,743,578$21,092,501$16,782,425$39,418,395
74$49,251,939$22,070,550$17,289,152$42,999,662
75$54,218,405$23,094,775$17,811,107$46,931,544
76$59,689,648$24,167,385$18,348,744$51,249,294
77$65,717,098$25,290,692$18,902,533$55,991,745
78$72,357,430$26,467,124$19,472,956$61,201,668
79$79,673,097$27,699,222$20,060,509$66,926,179
80$87,732,921$28,989,652$20,665,704$73,217,178
81$96,612,742$30,341,208$21,289,068$80,131,838
82$106,396,134$31,756,819$21,931,144$87,733,141
83$117,175,191$33,239,555$22,592,489$96,090,469
84$129,051,402$34,792,634$23,273,678$105,280,259
85$142,136,603$36,419,431$23,975,304$115,386,717
86$156,554,036$38,123,483$24,697,977$126,502,613
87$172,439,511$39,908,498$25,442,323$138,730,153
88$189,942,689$41,778,362$26,208,989$152,181,938
89$209,228,494$43,737,152$26,998,640$166,982,028
90$230,478,667$45,789,140$27,811,961$183,267,103
91$253,893,488$47,938,804$28,649,659$201,187,756
92$279,693,659$50,190,841$29,512,457$220,909,905
93$308,122,393$52,550,173$30,401,106$242,616,359
94$339,447,707$55,021,962$31,316,373$266,508,538
95$373,964,954$57,611,618$32,259,052$292,808,369
96$411,999,608$60,324,816$33,229,959$321,760,377
97$453,910,338$63,167,502$34,229,933$353,633,990
98$500,092,396$66,145,913$35,259,839$388,726,073
99$550,981,346$69,266,588$36,320,568$427,363,732
100$607,057,172$72,536,380$37,413,037$469,907,389