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%15.3%
1 years$891,854$883,910$876,159$868,594$861,207$842,442
2 years$441,512$433,289$425,320$417,593$410,099$391,287
3 years$291,417$283,159$275,210$267,556$260,183$241,914
4 years$216,385$208,152$200,283$192,759$185,565$167,977
5 years$171,377$163,194$155,427$148,057$141,064$124,207
6 years$141,382$133,260$125,608$118,403$111,619$95,512
7 years$119,965$111,911$104,381$97,345$90,776$75,422
8 years$103,910$95,929$88,524$81,661$75,307$60,700
9 years$91,429$83,523$76,245$69,557$63,420$49,549
10 years$81,450$73,622$66,472$59,959$54,037$40,888
11 years$73,291$65,541$58,521$52,182$46,473$34,030
12 years$66,496$58,826$51,936$45,771$40,273$28,515
13 years$60,752$53,162$46,401$40,409$35,119$24,026
14 years$55,832$48,322$41,692$35,870$30,785$20,335
15 years$51,572$44,143$37,642$31,990$27,105$17,275
16 years$47,848$40,501$34,128$28,644$23,956$14,721
17 years$44,566$37,300$31,055$25,736$21,241$12,577
18 years$41,651$34,467$28,349$23,193$18,886$10,768
19 years$39,047$31,943$25,953$20,957$16,834$9,237
20 years$36,706$29,683$23,818$18,981$15,036$7,936
21 years$34,590$27,649$21,908$17,226$13,456$6,827
22 years$32,670$25,809$20,192$15,663$12,061$5,880
23 years$30,919$24,139$18,643$14,264$10,827$5,069
24 years$29,316$22,616$17,242$13,010$9,731$4,373
25 years$27,844$21,224$15,970$11,881$8,757$3,776
26 years$26,487$19,948$14,811$10,864$7,888$3,262
27 years$25,233$18,773$13,753$9,944$7,112$2,820
28 years$24,071$17,690$12,785$9,111$6,417$2,439
29 years$22,991$16,688$11,898$8,355$5,794$2,110
30 years$21,984$15,760$11,082$7,667$5,235$1,826
31 years$21,044$14,899$10,332$7,042$4,733$1,581
32 years$20,165$14,097$9,640$6,472$4,282$1,369
33 years$19,341$13,350$9,001$5,951$3,875$1,185
34 years$18,567$12,653$8,410$5,476$3,508$1,027
35 years$17,839$12,001$7,863$5,041$3,178$890
36 years$17,153$11,391$7,355$4,642$2,879$771
37 years$16,505$10,819$6,884$4,277$2,609$668
38 years$15,893$10,282$6,447$3,942$2,366$579
39 years$15,314$9,777$6,040$3,635$2,145$502
40 years$14,765$9,302$5,661$3,353$1,946$435
41 years$14,245$8,854$5,309$3,093$1,765$377
42 years$13,750$8,433$4,980$2,855$1,602$327
43 years$13,280$8,035$4,673$2,635$1,454$283
44 years$12,832$7,659$4,386$2,433$1,320$246
45 years$12,405$7,303$4,118$2,247$1,198$213
46 years$11,998$6,967$3,868$2,076$1,088$185
47 years$11,610$6,649$3,634$1,918$988$160
48 years$11,239$6,347$3,415$1,772$897$139
49 years$10,884$6,061$3,210$1,638$815$121
50 years$10,545$5,790$3,018$1,514$740$105

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 $4,169 every year, while hoping to spend $25,064 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: 60/27/13 Blend
58$10,800,000$10,800,000$10,800,000$10,800,000
59$11,905,900$11,333,500$11,166,100$12,582,051
60$13,093,634$11,862,174$11,513,497$13,566,231
61$14,401,677$12,415,913$11,871,691$14,636,136
62$15,842,274$12,995,918$12,241,018$15,802,623
63$17,428,917$13,603,450$12,621,824$17,075,016
64$19,176,477$14,239,828$13,014,465$18,463,570
65$21,101,336$14,906,439$13,419,308$19,979,559
66$23,221,550$15,604,732$13,836,733$21,635,382
67$25,557,014$16,336,230$14,267,130$23,444,679
68$28,129,652$17,102,528$14,710,901$25,422,451
69$30,963,622$17,905,297$15,168,462$27,585,201
70$34,085,547$18,746,292$15,640,240$29,951,086
71$37,524,763$19,627,350$16,126,678$32,540,083
72$41,313,597$20,550,398$16,628,230$35,374,174
73$45,487,673$21,517,457$17,145,365$38,477,549
74$50,086,248$22,530,645$17,678,567$41,876,829
75$55,152,580$23,592,182$18,228,334$45,601,313
76$60,734,341$24,704,396$18,795,181$49,683,250
77$66,884,062$25,869,730$19,379,638$54,158,136
78$73,659,631$27,090,741$19,982,250$59,065,046
79$81,124,840$28,370,114$20,603,582$64,446,993
80$89,349,986$29,710,662$21,244,215$70,351,335
81$98,412,535$31,115,335$21,904,746$76,830,206
82$108,397,853$32,587,225$22,585,794$83,941,011
83$119,400,011$34,129,577$23,287,996$91,746,953
84$131,522,675$35,745,789$24,012,006$100,317,628
85$144,880,082$37,439,427$24,758,503$109,729,670
86$159,598,121$39,214,229$25,528,184$120,067,469
87$175,815,518$41,074,116$26,321,767$131,423,957
88$193,685,149$43,023,196$27,139,994$143,901,481
89$213,375,481$45,065,778$27,983,630$157,612,754
90$235,072,161$47,206,383$28,853,463$172,681,911
91$258,979,773$49,449,747$29,750,306$189,245,676
92$285,323,765$51,800,839$30,674,996$207,454,632
93$314,352,577$54,264,869$31,628,396$227,474,642
94$346,339,990$56,847,298$32,611,398$249,488,397
95$381,587,708$59,553,854$33,624,919$273,697,128
96$420,428,206$62,390,545$34,669,905$300,322,496
97$463,227,870$65,363,668$35,747,333$329,608,671
98$510,390,452$68,479,827$36,858,209$361,824,621
99$562,360,888$71,745,949$38,003,569$397,266,636
100$619,629,493$75,169,295$39,184,483$436,261,116