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%11.2%
1 years$891,854$883,910$876,159$868,594$861,207$856,858
2 years$441,512$433,289$425,320$417,593$410,099$405,709
3 years$291,417$283,159$275,210$267,556$260,183$255,890
4 years$216,385$208,152$200,283$192,759$185,565$181,400
5 years$171,377$163,194$155,427$148,057$141,064$137,040
6 years$141,382$133,260$125,608$118,403$111,619$107,741
7 years$119,965$111,911$104,381$97,345$90,776$87,047
8 years$103,910$95,929$88,524$81,661$75,307$71,727
9 years$91,429$83,523$76,245$69,557$63,420$59,987
10 years$81,450$73,622$66,472$59,959$54,037$50,750
11 years$73,291$65,541$58,521$52,182$46,473$43,331
12 years$66,496$58,826$51,936$45,771$40,273$37,271
13 years$60,752$53,162$46,401$40,409$35,119$32,256
14 years$55,832$48,322$41,692$35,870$30,785$28,057
15 years$51,572$44,143$37,642$31,990$27,105$24,509
16 years$47,848$40,501$34,128$28,644$23,956$21,488
17 years$44,566$37,300$31,055$25,736$21,241$18,898
18 years$41,651$34,467$28,349$23,193$18,886$16,664
19 years$39,047$31,943$25,953$20,957$16,834$14,728
20 years$36,706$29,683$23,818$18,981$15,036$13,043
21 years$34,590$27,649$21,908$17,226$13,456$11,571
22 years$32,670$25,809$20,192$15,663$12,061$10,281
23 years$30,919$24,139$18,643$14,264$10,827$9,146
24 years$29,316$22,616$17,242$13,010$9,731$8,147
25 years$27,844$21,224$15,970$11,881$8,757$7,264
26 years$26,487$19,948$14,811$10,864$7,888$6,483
27 years$25,233$18,773$13,753$9,944$7,112$5,791
28 years$24,071$17,690$12,785$9,111$6,417$5,176
29 years$22,991$16,688$11,898$8,355$5,794$4,630
30 years$21,984$15,760$11,082$7,667$5,235$4,143
31 years$21,044$14,899$10,332$7,042$4,733$3,710
32 years$20,165$14,097$9,640$6,472$4,282$3,323
33 years$19,341$13,350$9,001$5,951$3,875$2,978
34 years$18,567$12,653$8,410$5,476$3,508$2,670
35 years$17,839$12,001$7,863$5,041$3,178$2,394
36 years$17,153$11,391$7,355$4,642$2,879$2,148
37 years$16,505$10,819$6,884$4,277$2,609$1,927
38 years$15,893$10,282$6,447$3,942$2,366$1,729
39 years$15,314$9,777$6,040$3,635$2,145$1,552
40 years$14,765$9,302$5,661$3,353$1,946$1,394
41 years$14,245$8,854$5,309$3,093$1,765$1,252
42 years$13,750$8,433$4,980$2,855$1,602$1,124
43 years$13,280$8,035$4,673$2,635$1,454$1,010
44 years$12,832$7,659$4,386$2,433$1,320$907
45 years$12,405$7,303$4,118$2,247$1,198$815
46 years$11,998$6,967$3,868$2,076$1,088$732
47 years$11,610$6,649$3,634$1,918$988$658
48 years$11,239$6,347$3,415$1,772$897$591
49 years$10,884$6,061$3,210$1,638$815$531
50 years$10,545$5,790$3,018$1,514$740$478

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 $4,965 every year, while hoping to spend $46,574 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: 71/10/19 Blend
58$10,800,000$10,800,000$10,800,000$10,800,000
59$11,906,721$11,334,321$11,166,921$12,697,391
60$13,071,653$11,840,149$11,491,459$13,730,221
61$14,353,846$12,369,201$11,825,307$14,854,619
62$15,765,213$12,922,566$12,168,730$16,084,520
63$17,318,878$13,501,386$12,521,996$17,430,365
64$19,029,304$14,106,854$12,885,383$18,903,650
65$20,912,426$14,740,223$13,259,177$20,517,031
66$22,985,805$15,402,805$13,643,670$22,284,442
67$25,268,787$16,095,972$14,039,163$24,221,225
68$27,782,694$16,821,166$14,445,966$26,344,273
69$30,551,019$17,579,893$14,864,396$28,672,189
70$33,599,650$18,373,735$15,294,780$31,225,457
71$36,957,113$19,204,346$15,737,454$34,026,638
72$40,654,841$20,073,462$16,192,761$37,100,575
73$44,727,473$20,982,900$16,661,057$40,474,630
74$49,213,176$21,934,563$17,142,704$44,178,938
75$54,154,013$22,930,449$17,638,077$48,246,691
76$59,596,328$23,972,648$18,147,559$52,714,447
77$65,591,196$25,063,350$18,671,544$57,622,473
78$72,194,896$26,204,852$19,210,439$63,015,125
79$79,469,446$27,399,560$19,764,659$68,941,260
80$87,483,185$28,649,994$20,334,631$75,454,699
81$96,311,424$29,958,798$20,920,795$82,614,728
82$106,037,149$31,328,738$21,523,601$90,486,657
83$116,751,809$32,762,718$22,143,513$99,142,434
84$128,556,180$34,263,777$22,781,006$108,661,318
85$141,561,310$35,835,102$23,436,570$119,130,629
86$155,889,574$37,480,032$24,110,705$130,646,563
87$171,675,825$39,202,068$24,803,928$143,315,100
88$189,068,667$41,004,877$25,516,768$157,253,001
89$208,231,859$42,892,304$26,249,768$172,588,903
90$229,345,859$44,868,378$27,003,486$189,464,535
91$252,609,530$46,937,322$27,778,496$208,036,044
92$278,242,013$49,103,561$28,575,386$228,475,473
93$306,484,797$51,371,735$29,394,761$250,972,372
94$337,604,002$53,746,705$30,237,240$275,735,592
95$371,892,885$56,233,568$31,103,463$302,995,242
96$409,674,612$58,837,666$31,994,081$333,004,864
97$451,305,308$61,564,597$32,909,769$366,043,816
98$497,177,417$64,420,230$33,851,214$402,419,906
99$547,723,409$67,410,717$34,819,124$442,472,291
100$603,419,859$70,542,505$35,814,228$486,574,674