Can I retire at age 59 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$900,112$892,094$884,272$876,637$869,181$838,009
2 years$445,600$437,301$429,258$421,460$413,896$382,827
3 years$294,116$285,781$277,758$270,033$262,593$232,604
4 years$218,389$210,079$202,137$194,544$187,283$158,605
5 years$172,964$164,705$156,867$149,428$142,370$115,076
6 years$142,691$134,494$126,772$119,499$112,652$86,763
7 years$121,076$112,948$105,348$98,247$91,616$67,126
8 years$104,872$96,817$89,343$82,417$76,005$52,893
9 years$92,275$84,297$76,951$70,201$64,007$42,243
10 years$82,204$74,303$67,088$60,514$54,537$34,083
11 years$73,969$66,148$59,063$52,665$46,904$27,717
12 years$67,112$59,371$52,417$46,194$40,646$22,680
13 years$61,314$53,654$46,831$40,783$35,444$18,651
14 years$56,349$48,770$42,078$36,202$31,070$15,398
15 years$52,049$44,552$37,991$32,286$27,356$12,753
16 years$48,291$40,876$34,444$28,909$24,178$10,590
17 years$44,978$37,645$31,343$25,974$21,438$8,813
18 years$42,037$34,786$28,612$23,408$19,061$7,347
19 years$39,408$32,239$26,193$21,151$16,990$6,134
20 years$37,046$29,958$24,039$19,156$15,176$5,128
21 years$34,911$27,905$22,111$17,386$13,580$4,290
22 years$32,972$26,048$20,379$15,808$12,173$3,593
23 years$31,205$24,362$18,816$14,396$10,927$3,011
24 years$29,588$22,826$17,402$13,130$9,822$2,525
25 years$28,102$21,421$16,117$11,991$8,838$2,118
26 years$26,733$20,132$14,948$10,964$7,961$1,778
27 years$25,467$18,947$13,881$10,036$7,177$1,492
28 years$24,294$17,853$12,904$9,195$6,476$1,253
29 years$23,203$16,843$12,008$8,432$5,848$1,053
30 years$22,188$15,906$11,185$7,738$5,284$884
31 years$21,239$15,037$10,428$7,107$4,777$743
32 years$20,352$14,228$9,729$6,532$4,321$625
33 years$19,520$13,474$9,084$6,006$3,911$525
34 years$18,739$12,770$8,488$5,526$3,541$441
35 years$18,004$12,112$7,935$5,087$3,207$371
36 years$17,312$11,496$7,423$4,685$2,906$312
37 years$16,658$10,919$6,948$4,317$2,634$262
38 years$16,041$10,377$6,507$3,979$2,388$220
39 years$15,456$9,867$6,096$3,669$2,165$185
40 years$14,902$9,388$5,714$3,384$1,964$156
41 years$14,376$8,936$5,358$3,122$1,782$131
42 years$13,877$8,511$5,026$2,881$1,617$110
43 years$13,403$8,109$4,716$2,660$1,467$93
44 years$12,951$7,730$4,427$2,456$1,332$78
45 years$12,520$7,371$4,157$2,268$1,209$66
46 years$12,110$7,032$3,904$2,095$1,098$55
47 years$11,718$6,710$3,668$1,936$997$46
48 years$11,343$6,406$3,447$1,789$905$39
49 years$10,985$6,117$3,240$1,653$822$33
50 years$10,642$5,843$3,046$1,528$747$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,900,000, adding $4,219 every year, while hoping to spend $44,974 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: 64/10/26 Blend
58$10,900,000$10,900,000$10,900,000$10,900,000
59$12,016,152$11,438,452$11,269,502$12,702,530
60$13,193,947$11,951,084$11,599,178$13,679,686
61$14,490,371$12,487,328$11,938,391$14,741,548
62$15,917,474$13,048,293$12,287,413$15,900,810
63$17,488,539$13,635,141$12,646,524$17,167,034
64$19,218,198$14,249,091$13,016,010$18,550,746
65$21,122,575$14,891,418$13,396,168$20,063,532
66$23,219,439$15,563,458$13,787,300$21,718,145
67$25,528,367$16,266,613$14,189,721$23,528,625
68$28,070,933$17,002,350$14,603,749$25,510,426
69$30,870,909$17,772,206$15,029,715$27,680,565
70$33,954,490$18,577,792$15,467,959$30,057,776
71$37,350,541$19,420,797$15,918,828$32,662,689
72$41,090,869$20,302,989$16,382,682$35,518,019
73$45,210,523$21,226,221$16,859,887$38,648,778
74$49,748,126$22,192,435$17,350,823$42,082,512
75$54,746,238$23,203,668$17,855,879$45,849,556
76$60,251,757$24,262,050$18,375,453$49,983,317
77$66,316,363$25,369,817$18,909,958$54,520,589
78$72,997,005$26,529,311$19,459,815$59,501,897
79$80,356,439$27,742,986$20,025,457$64,971,874
80$88,463,817$29,013,414$20,607,332$70,979,684
81$97,395,345$30,343,290$21,205,896$77,579,477
82$107,234,998$31,735,439$21,821,621$84,830,904
83$118,075,313$33,192,821$22,454,991$92,799,669
84$130,018,265$34,718,539$23,106,503$101,558,151
85$143,176,224$36,315,844$23,776,667$111,186,084
86$157,673,022$37,988,143$24,466,009$121,771,302
87$173,645,118$39,739,010$25,175,067$133,410,565
88$191,242,885$41,572,186$25,904,397$146,210,471
89$210,632,032$43,491,596$26,654,567$160,288,456
90$231,995,167$45,501,352$27,426,163$175,773,899
91$255,533,519$47,605,764$28,219,785$192,809,337
92$281,468,841$49,809,349$29,036,051$211,551,807
93$310,045,500$52,116,844$29,875,595$232,174,323
94$341,532,783$54,533,212$30,739,069$254,867,506
95$376,227,442$57,063,654$31,627,143$279,841,375
96$414,456,493$59,713,625$32,540,505$307,327,323
97$456,580,304$62,488,842$33,479,860$337,580,302
98$502,995,995$65,395,295$34,445,936$370,881,216
99$554,141,188$68,439,266$35,439,476$407,539,571
100$610,498,138$71,627,339$36,461,247$447,896,389