Can I retire at age 59 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$908,370$900,278$892,384$884,679$877,155$861,207
2 years$449,688$441,313$433,196$425,327$417,693$401,682
3 years$296,814$288,403$280,307$272,511$265,002$249,427
4 years$220,392$212,007$203,991$196,329$189,001$173,984
5 years$174,551$166,216$158,306$150,799$143,676$129,258
6 years$144,000$135,728$127,935$120,595$113,686$99,883
7 years$122,187$113,984$106,314$99,148$92,457$79,274
8 years$105,834$97,705$90,163$83,173$76,702$64,135
9 years$93,122$85,070$77,657$70,845$64,594$52,635
10 years$82,958$74,985$67,703$61,069$55,037$43,676
11 years$74,648$66,755$59,605$53,148$47,334$36,558
12 years$67,728$59,915$52,898$46,618$41,019$30,813
13 years$61,877$54,146$47,261$41,157$35,769$26,118
14 years$56,866$49,217$42,464$36,534$31,355$22,240
15 years$52,527$44,961$38,339$32,582$27,607$19,012
16 years$48,734$41,251$34,760$29,174$24,400$16,304
17 years$45,391$37,990$31,630$26,213$21,634$14,020
18 years$42,423$35,105$28,874$23,623$19,236$12,083
19 years$39,770$32,535$26,433$21,345$17,146$10,434
20 years$37,386$30,233$24,259$19,332$15,315$9,025
21 years$35,231$28,161$22,314$17,545$13,705$7,818
22 years$33,275$26,287$20,566$15,953$12,285$6,780
23 years$31,491$24,586$18,989$14,528$11,027$5,886
24 years$29,859$23,035$17,561$13,251$9,912$5,114
25 years$28,360$21,617$16,265$12,101$8,919$4,448
26 years$26,978$20,317$15,085$11,065$8,034$3,870
27 years$25,701$19,121$14,008$10,128$7,243$3,370
28 years$24,517$18,017$13,022$9,279$6,536$2,936
29 years$23,416$16,997$12,118$8,509$5,902$2,558
30 years$22,391$16,052$11,288$7,809$5,332$2,231
31 years$21,434$15,175$10,523$7,172$4,821$1,945
32 years$20,539$14,358$9,818$6,592$4,361$1,697
33 years$19,699$13,597$9,167$6,061$3,947$1,481
34 years$18,911$12,887$8,565$5,577$3,573$1,293
35 years$18,169$12,223$8,008$5,134$3,236$1,128
36 years$17,471$11,602$7,491$4,728$2,932$985
37 years$16,811$11,019$7,012$4,357$2,658$860
38 years$16,188$10,472$6,566$4,016$2,409$751
39 years$15,598$9,958$6,152$3,702$2,185$656
40 years$15,039$9,474$5,766$3,415$1,982$573
41 years$14,508$9,018$5,407$3,151$1,798$501
42 years$14,005$8,589$5,072$2,908$1,632$438
43 years$13,526$8,183$4,759$2,684$1,481$382
44 years$13,070$7,801$4,467$2,478$1,344$334
45 years$12,635$7,439$4,195$2,289$1,220$292
46 years$12,221$7,096$3,940$2,114$1,108$255
47 years$11,825$6,772$3,701$1,953$1,006$223
48 years$11,447$6,465$3,478$1,805$914$195
49 years$11,086$6,173$3,269$1,668$830$170
50 years$10,740$5,897$3,074$1,542$754$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,000,000, adding $3,137 every year, while hoping to spend $32,794 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: 80/15/5 Blend
58$11,000,000$11,000,000$11,000,000$11,000,000
59$12,125,236$11,542,236$11,371,736$13,093,120
60$13,327,117$12,072,913$11,717,796$14,257,539
61$14,650,492$12,628,494$12,074,351$15,530,171
62$16,107,716$13,210,165$12,441,716$16,925,472
63$17,712,409$13,819,168$12,820,219$18,455,661
64$19,479,573$14,456,806$13,210,195$20,134,187
65$21,425,744$15,124,444$13,611,991$21,975,859
66$23,569,141$15,823,513$14,025,964$23,996,985
67$25,929,841$16,555,512$14,452,481$26,215,518
68$28,529,966$17,322,014$14,891,921$28,651,229
69$31,393,895$18,124,665$15,344,673$31,325,890
70$34,548,493$18,965,194$15,811,139$34,263,477
71$38,023,360$19,845,409$16,291,734$37,490,392
72$41,851,118$20,767,210$16,786,882$41,035,716
73$46,067,712$21,732,583$17,297,023$44,931,473
74$50,712,755$22,743,616$17,822,609$49,212,937
75$55,829,894$23,802,492$18,364,105$53,918,957
76$61,467,232$24,911,502$18,921,991$59,092,325
77$67,677,773$26,073,049$19,496,761$64,780,172
78$74,519,927$27,289,650$20,088,924$71,034,416
79$82,058,060$28,563,943$20,699,003$77,912,244
80$90,363,101$29,898,695$21,327,539$85,476,650
81$99,513,213$31,296,807$21,975,086$93,797,029
82$109,594,528$32,761,317$22,642,219$102,949,822
83$120,701,962$34,295,414$23,329,526$113,019,240
84$132,940,112$35,902,439$24,037,615$124,098,052
85$146,424,239$37,585,895$24,767,111$136,288,456
86$161,281,361$39,349,453$25,518,658$149,703,043
87$177,651,447$41,196,964$26,292,921$164,465,850
88$195,688,743$43,132,463$27,090,582$180,713,530
89$215,563,224$45,160,183$27,912,345$198,596,636
90$237,462,200$47,284,559$28,758,936$218,281,037
91$261,592,085$49,510,243$29,631,101$239,949,476
92$288,180,343$51,842,110$30,529,608$263,803,295
93$317,477,638$54,285,274$31,455,250$290,064,323
94$349,760,199$56,845,094$32,408,843$318,976,971
95$385,332,426$59,527,190$33,391,226$350,810,525
96$424,529,766$62,337,455$34,403,264$385,861,686
97$467,721,877$65,282,066$35,445,849$424,457,366
98$515,316,122$68,367,500$36,519,898$466,957,761
99$567,761,407$71,600,549$37,626,356$513,759,744
100$625,552,428$74,988,333$38,766,196$565,300,611