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%12.8%
1 years$908,370$900,278$892,384$884,679$877,155$866,914
2 years$449,688$441,313$433,196$425,327$417,693$407,384
3 years$296,814$288,403$280,307$272,511$265,002$254,946
4 years$220,392$212,007$203,991$196,329$189,001$179,276
5 years$174,551$166,216$158,306$150,799$143,676$134,310
6 years$144,000$135,728$127,935$120,595$113,686$104,690
7 years$122,187$113,984$106,314$99,148$92,457$83,835
8 years$105,834$97,705$90,163$83,173$76,702$68,453
9 years$93,122$85,070$77,657$70,845$64,594$56,715
10 years$82,958$74,985$67,703$61,069$55,037$47,523
11 years$74,648$66,755$59,605$53,148$47,334$40,178
12 years$67,728$59,915$52,898$46,618$41,019$34,213
13 years$61,877$54,146$47,261$41,157$35,769$29,305
14 years$56,866$49,217$42,464$36,534$31,355$25,224
15 years$52,527$44,961$38,339$32,582$27,607$21,799
16 years$48,734$41,251$34,760$29,174$24,400$18,904
17 years$45,391$37,990$31,630$26,213$21,634$16,441
18 years$42,423$35,105$28,874$23,623$19,236$14,335
19 years$39,770$32,535$26,433$21,345$17,146$12,524
20 years$37,386$30,233$24,259$19,332$15,315$10,963
21 years$35,231$28,161$22,314$17,545$13,705$9,611
22 years$33,275$26,287$20,566$15,953$12,285$8,437
23 years$31,491$24,586$18,989$14,528$11,027$7,416
24 years$29,859$23,035$17,561$13,251$9,912$6,525
25 years$28,360$21,617$16,265$12,101$8,919$5,746
26 years$26,978$20,317$15,085$11,065$8,034$5,064
27 years$25,701$19,121$14,008$10,128$7,243$4,467
28 years$24,517$18,017$13,022$9,279$6,536$3,942
29 years$23,416$16,997$12,118$8,509$5,902$3,480
30 years$22,391$16,052$11,288$7,809$5,332$3,075
31 years$21,434$15,175$10,523$7,172$4,821$2,717
32 years$20,539$14,358$9,818$6,592$4,361$2,402
33 years$19,699$13,597$9,167$6,061$3,947$2,124
34 years$18,911$12,887$8,565$5,577$3,573$1,879
35 years$18,169$12,223$8,008$5,134$3,236$1,663
36 years$17,471$11,602$7,491$4,728$2,932$1,472
37 years$16,811$11,019$7,012$4,357$2,658$1,303
38 years$16,188$10,472$6,566$4,016$2,409$1,153
39 years$15,598$9,958$6,152$3,702$2,185$1,021
40 years$15,039$9,474$5,766$3,415$1,982$904
41 years$14,508$9,018$5,407$3,151$1,798$801
42 years$14,005$8,589$5,072$2,908$1,632$710
43 years$13,526$8,183$4,759$2,684$1,481$629
44 years$13,070$7,801$4,467$2,478$1,344$557
45 years$12,635$7,439$4,195$2,289$1,220$493
46 years$12,221$7,096$3,940$2,114$1,108$437
47 years$11,825$6,772$3,701$1,953$1,006$387
48 years$11,447$6,465$3,478$1,805$914$343
49 years$11,086$6,173$3,269$1,668$830$304
50 years$10,740$5,897$3,074$1,542$754$270

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 $4,290 every year, while hoping to spend $26,332 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: 46/33/21 Blend
58$11,000,000$11,000,000$11,000,000$11,000,000
59$12,126,425$11,543,425$11,372,925$12,611,127
60$13,335,303$12,081,036$11,725,901$13,488,920
61$14,666,605$12,644,107$12,089,819$14,437,746
62$16,132,789$13,233,858$12,465,018$15,466,634
63$17,747,584$13,851,569$12,851,847$16,583,060
64$19,526,120$14,498,578$13,250,667$17,795,236
65$21,485,068$15,176,292$13,661,847$19,112,181
66$23,642,798$15,886,183$14,085,772$20,543,799
67$26,019,553$16,629,795$14,522,835$22,100,973
68$28,637,640$17,408,749$14,973,444$23,795,658
69$31,521,642$18,224,739$15,438,016$25,640,996
70$34,698,645$19,079,547$15,916,985$27,651,426
71$38,198,498$19,975,037$16,410,796$29,842,822
72$42,054,096$20,913,165$16,919,909$32,232,635
73$46,301,684$21,895,980$17,444,796$34,840,053
74$50,981,205$22,925,632$17,985,946$37,686,171
75$56,136,675$24,004,375$18,543,862$40,794,194
76$61,816,598$25,134,572$19,119,063$44,189,637
77$68,074,423$26,318,698$19,712,084$47,900,571
78$74,969,051$27,559,351$20,323,476$51,957,871
79$82,565,389$28,859,254$20,953,807$56,395,506
80$90,934,962$30,221,261$21,603,663$61,250,849
81$100,156,591$31,648,365$22,273,648$66,565,023
82$110,317,133$33,143,705$22,964,386$72,383,280
83$121,512,305$34,710,571$23,676,516$78,755,418
84$133,847,583$36,352,411$24,410,702$85,736,244
85$147,439,201$38,072,845$25,167,626$93,386,078
86$162,415,249$39,875,663$25,947,990$101,771,319
87$178,916,876$41,764,842$26,752,520$110,965,051
88$197,099,631$43,744,553$27,581,963$121,047,730
89$217,134,923$45,819,166$28,437,088$132,107,929
90$239,211,646$47,993,265$29,318,691$144,243,160
91$263,537,957$50,271,658$30,227,590$157,560,785
92$290,343,243$52,659,384$31,164,629$172,179,011
93$319,880,287$55,161,728$32,130,678$188,228,000
94$352,427,654$57,784,230$33,126,634$205,851,072
95$388,292,319$60,532,702$34,153,420$225,206,053
96$427,812,567$63,413,236$35,211,991$246,466,741
97$471,361,185$66,432,220$36,303,329$269,824,536
98$519,348,982$69,596,355$37,428,446$295,490,223
99$572,228,666$72,912,664$38,588,387$323,695,948
100$630,499,119$76,388,514$39,784,227$354,697,388