Can I retire at age 59 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$891,854$883,910$876,159$868,594$861,207$846,592
2 years$441,512$433,289$425,320$417,593$410,099$395,419
3 years$291,417$283,159$275,210$267,556$260,183$245,896
4 years$216,385$208,152$200,283$192,759$185,565$171,781
5 years$171,377$163,194$155,427$148,057$141,064$127,822
6 years$141,382$133,260$125,608$118,403$111,619$98,934
7 years$119,965$111,911$104,381$97,345$90,776$78,653
8 years$103,910$95,929$88,524$81,661$75,307$63,743
9 years$91,429$83,523$76,245$69,557$63,420$52,408
10 years$81,450$73,622$66,472$59,959$54,037$43,568
11 years$73,291$65,541$58,521$52,182$46,473$36,536
12 years$66,496$58,826$51,936$45,771$40,273$30,854
13 years$60,752$53,162$46,401$40,409$35,119$26,204
14 years$55,832$48,322$41,692$35,870$30,785$22,359
15 years$51,572$44,143$37,642$31,990$27,105$19,153
16 years$47,848$40,501$34,128$28,644$23,956$16,460
17 years$44,566$37,300$31,055$25,736$21,241$14,184
18 years$41,651$34,467$28,349$23,193$18,886$12,251
19 years$39,047$31,943$25,953$20,957$16,834$10,603
20 years$36,706$29,683$23,818$18,981$15,036$9,192
21 years$34,590$27,649$21,908$17,226$13,456$7,980
22 years$32,670$25,809$20,192$15,663$12,061$6,936
23 years$30,919$24,139$18,643$14,264$10,827$6,036
24 years$29,316$22,616$17,242$13,010$9,731$5,257
25 years$27,844$21,224$15,970$11,881$8,757$4,583
26 years$26,487$19,948$14,811$10,864$7,888$3,997
27 years$25,233$18,773$13,753$9,944$7,112$3,489
28 years$24,071$17,690$12,785$9,111$6,417$3,047
29 years$22,991$16,688$11,898$8,355$5,794$2,662
30 years$21,984$15,760$11,082$7,667$5,235$2,327
31 years$21,044$14,899$10,332$7,042$4,733$2,034
32 years$20,165$14,097$9,640$6,472$4,282$1,779
33 years$19,341$13,350$9,001$5,951$3,875$1,556
34 years$18,567$12,653$8,410$5,476$3,508$1,362
35 years$17,839$12,001$7,863$5,041$3,178$1,192
36 years$17,153$11,391$7,355$4,642$2,879$1,043
37 years$16,505$10,819$6,884$4,277$2,609$913
38 years$15,893$10,282$6,447$3,942$2,366$800
39 years$15,314$9,777$6,040$3,635$2,145$700
40 years$14,765$9,302$5,661$3,353$1,946$613
41 years$14,245$8,854$5,309$3,093$1,765$537
42 years$13,750$8,433$4,980$2,855$1,602$471
43 years$13,280$8,035$4,673$2,635$1,454$412
44 years$12,832$7,659$4,386$2,433$1,320$361
45 years$12,405$7,303$4,118$2,247$1,198$316
46 years$11,998$6,967$3,868$2,076$1,088$277
47 years$11,610$6,649$3,634$1,918$988$243
48 years$11,239$6,347$3,415$1,772$897$213
49 years$10,884$6,061$3,210$1,638$815$186
50 years$10,545$5,790$3,018$1,514$740$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,800,000, adding $6,269 every year, while hoping to spend $56,199 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: 52/39/9 Blend
58$10,800,000$10,800,000$10,800,000$10,800,000
59$11,908,066$11,335,666$11,168,266$12,499,663
60$13,062,894$11,831,319$11,482,608$13,398,421
61$14,333,630$12,349,375$11,805,597$14,368,730
62$15,732,039$12,890,872$12,137,462$15,422,620
63$17,271,081$13,456,899$12,478,442$16,567,987
64$18,965,038$14,048,594$12,828,776$17,813,503
65$20,829,647$14,667,150$13,188,715$19,168,695
66$22,882,246$15,313,815$13,558,512$20,644,036
67$25,141,941$15,989,899$13,938,429$22,251,033
68$27,629,785$16,696,770$14,328,732$24,002,335
69$30,368,976$17,435,864$14,729,697$25,911,848
70$33,385,073$18,208,683$15,141,604$27,994,862
71$36,706,244$19,016,802$15,564,741$30,268,187
72$40,363,526$19,861,870$15,999,404$32,750,310
73$44,391,117$20,745,613$16,445,896$35,461,565
74$48,826,703$21,669,841$16,904,526$38,424,315
75$53,711,812$22,636,448$17,375,612$41,663,163
76$59,092,203$23,647,420$17,859,481$45,205,174
77$65,018,299$24,704,835$18,356,466$49,080,123
78$71,545,667$25,810,873$18,866,908$53,320,775
79$78,735,533$26,967,815$19,391,159$57,963,183
80$86,655,372$28,178,051$19,929,576$63,047,023
81$95,379,531$29,444,087$20,482,528$68,615,959
82$104,989,941$30,768,546$21,050,391$74,718,050
83$115,576,887$32,154,176$21,633,551$81,406,192
84$127,239,858$33,603,859$22,232,403$88,738,611
85$140,088,487$35,120,611$22,847,352$96,779,405
86$154,243,586$36,707,595$23,478,812$105,599,137
87$169,838,286$38,368,121$24,127,207$115,275,489
88$187,019,294$40,105,662$24,792,971$125,893,993
89$205,948,277$41,923,854$25,476,550$137,548,818
90$226,803,385$43,826,507$26,178,399$150,343,654
91$249,780,939$45,817,615$26,898,984$164,392,678
92$275,097,277$47,901,360$27,638,782$179,821,616
93$302,990,800$50,082,127$28,398,281$196,768,921
94$333,724,220$52,364,511$29,177,983$215,387,064
95$367,587,043$54,753,324$29,978,398$235,843,960
96$404,898,297$57,253,612$30,800,049$258,324,539
97$446,009,546$59,870,662$31,643,474$283,032,474
98$491,308,208$62,610,013$32,509,219$310,192,088
99$541,221,213$65,477,472$33,397,846$340,050,459
100$596,219,032$68,479,122$34,309,928$372,879,725