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%13.9%
1 years$900,112$892,094$884,272$876,637$869,181$855,134
2 years$445,600$437,301$429,258$421,460$413,896$399,782
3 years$294,116$285,781$277,758$270,033$262,593$248,852
4 years$218,389$210,079$202,137$194,544$187,283$174,021
5 years$172,964$164,705$156,867$149,428$142,370$129,624
6 years$142,691$134,494$126,772$119,499$112,652$100,439
7 years$121,076$112,948$105,348$98,247$91,616$79,938
8 years$104,872$96,817$89,343$82,417$76,005$64,860
9 years$92,275$84,297$76,951$70,201$64,007$53,389
10 years$82,204$74,303$67,088$60,514$54,537$44,438
11 years$73,969$66,148$59,063$52,665$46,904$37,312
12 years$67,112$59,371$52,417$46,194$40,646$31,550
13 years$61,314$53,654$46,831$40,783$35,444$26,831
14 years$56,349$48,770$42,078$36,202$31,070$22,925
15 years$52,049$44,552$37,991$32,286$27,356$19,664
16 years$48,291$40,876$34,444$28,909$24,178$16,923
17 years$44,978$37,645$31,343$25,974$21,438$14,604
18 years$42,037$34,786$28,612$23,408$19,061$12,632
19 years$39,408$32,239$26,193$21,151$16,990$10,949
20 years$37,046$29,958$24,039$19,156$15,176$9,506
21 years$34,911$27,905$22,111$17,386$13,580$8,265
22 years$32,972$26,048$20,379$15,808$12,173$7,195
23 years$31,205$24,362$18,816$14,396$10,927$6,271
24 years$29,588$22,826$17,402$13,130$9,822$5,470
25 years$28,102$21,421$16,117$11,991$8,838$4,776
26 years$26,733$20,132$14,948$10,964$7,961$4,173
27 years$25,467$18,947$13,881$10,036$7,177$3,648
28 years$24,294$17,853$12,904$9,195$6,476$3,191
29 years$23,203$16,843$12,008$8,432$5,848$2,792
30 years$22,188$15,906$11,185$7,738$5,284$2,444
31 years$21,239$15,037$10,428$7,107$4,777$2,141
32 years$20,352$14,228$9,729$6,532$4,321$1,875
33 years$19,520$13,474$9,084$6,006$3,911$1,643
34 years$18,739$12,770$8,488$5,526$3,541$1,440
35 years$18,004$12,112$7,935$5,087$3,207$1,263
36 years$17,312$11,496$7,423$4,685$2,906$1,107
37 years$16,658$10,919$6,948$4,317$2,634$971
38 years$16,041$10,377$6,507$3,979$2,388$852
39 years$15,456$9,867$6,096$3,669$2,165$747
40 years$14,902$9,388$5,714$3,384$1,964$655
41 years$14,376$8,936$5,358$3,122$1,782$575
42 years$13,877$8,511$5,026$2,881$1,617$505
43 years$13,403$8,109$4,716$2,660$1,467$443
44 years$12,951$7,730$4,427$2,456$1,332$389
45 years$12,520$7,371$4,157$2,268$1,209$341
46 years$12,110$7,032$3,904$2,095$1,098$299
47 years$11,718$6,710$3,668$1,936$997$263
48 years$11,343$6,406$3,447$1,789$905$231
49 years$10,985$6,117$3,240$1,653$822$202
50 years$10,642$5,843$3,046$1,528$747$178

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 $4,032 every year, while hoping to spend $33,620 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: 60/32/8 Blend
58$10,900,000$10,900,000$10,900,000$10,900,000
59$12,015,959$11,438,259$11,269,309$12,715,962
60$13,205,815$11,962,962$11,611,059$13,710,261
61$14,515,910$12,512,249$11,963,132$14,790,079
62$15,958,473$13,087,289$12,325,836$15,967,012
63$17,546,977$13,689,307$12,699,492$17,250,405
64$19,296,273$14,319,587$13,084,429$18,650,537
65$21,222,721$14,979,475$13,480,986$20,178,705
66$23,344,351$15,670,381$13,889,511$21,847,332
67$25,681,030$16,393,785$14,310,365$23,670,080
68$28,254,651$17,151,236$14,743,918$25,661,976
69$31,089,336$17,944,358$15,190,550$27,839,548
70$34,211,670$18,774,853$15,650,655$30,220,976
71$37,650,945$19,644,505$16,124,637$32,826,261
72$41,439,442$20,555,186$16,612,912$35,677,408
73$45,612,730$21,508,855$17,115,910$38,798,632
74$50,210,007$22,507,568$17,634,072$42,216,576
75$55,274,467$23,553,478$18,167,852$45,960,559
76$60,853,708$24,648,844$18,717,721$50,062,851
77$67,000,181$25,796,032$19,284,159$54,558,967
78$73,771,684$26,997,523$19,867,663$59,487,998
79$81,231,912$28,255,917$20,468,746$64,892,973
80$89,451,052$29,573,942$21,087,934$70,821,259
81$98,506,449$30,954,455$21,725,769$77,325,001
82$108,483,335$32,400,451$22,382,811$84,461,606
83$119,475,634$33,915,073$23,059,634$92,294,279
84$131,586,849$35,501,611$23,756,831$100,892,611
85$144,931,035$37,163,517$24,475,013$110,333,223
86$159,633,881$38,904,410$25,214,806$120,700,489
87$175,833,894$40,728,084$25,976,860$132,087,316
88$193,683,705$42,638,513$26,761,838$144,596,013
89$213,351,512$44,639,869$27,570,428$158,339,250
90$235,022,665$46,736,522$28,403,337$173,441,106
91$258,901,418$48,933,053$29,261,290$190,038,232
92$285,212,857$51,234,267$30,145,038$208,281,130
93$314,205,024$53,645,201$31,055,351$228,335,559
94$346,151,255$56,171,135$31,993,025$250,384,089
95$381,352,768$58,817,605$32,958,875$274,627,810
96$420,141,498$61,590,416$33,953,746$301,288,217
97$462,883,238$64,495,653$34,978,503$330,609,286
98$509,981,085$67,539,697$36,034,040$362,859,761
99$561,879,251$70,729,237$37,121,276$398,335,678
100$619,067,253$74,071,288$38,241,157$437,363,136