Can I retire at age 59 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$916,628$908,463$900,497$892,722$885,130$870,466
2 years$453,776$445,325$437,134$429,193$421,490$406,760
3 years$299,512$291,025$282,855$274,988$267,411$253,072
4 years$222,396$213,934$205,846$198,114$190,720$176,883
5 years$176,138$167,727$159,745$152,170$144,982$131,687
6 years$145,309$136,962$129,098$121,692$114,719$101,982
7 years$123,297$115,020$107,281$100,049$93,298$81,121
8 years$106,796$98,593$90,983$83,929$77,399$65,781
9 years$93,968$85,843$78,363$71,489$65,181$54,115
10 years$83,712$75,667$68,319$61,624$55,538$45,015
11 years$75,327$67,362$60,147$53,631$47,764$37,773
12 years$68,343$60,460$53,379$47,042$41,392$31,919
13 years$62,439$54,638$47,690$41,531$36,094$27,127
14 years$57,383$49,665$42,850$36,867$31,640$23,162
15 years$53,004$45,370$38,688$32,879$27,858$19,854
16 years$49,177$41,626$35,076$29,439$24,621$17,075
17 years$45,804$38,336$31,918$26,451$21,831$14,724
18 years$42,808$35,424$29,137$23,838$19,411$12,727
19 years$40,132$32,831$26,673$21,539$17,302$11,023
20 years$37,725$30,508$24,480$19,508$15,454$9,563
21 years$35,551$28,417$22,517$17,705$13,830$8,308
22 years$33,577$26,526$20,752$16,098$12,396$7,228
23 years$31,778$24,809$19,161$14,660$11,128$6,294
24 years$30,131$23,245$17,721$13,371$10,002$5,486
25 years$28,618$21,814$16,413$12,211$9,000$4,786
26 years$27,223$20,502$15,222$11,165$8,107$4,178
27 years$25,934$19,294$14,135$10,220$7,309$3,650
28 years$24,739$18,181$13,141$9,364$6,595$3,190
29 years$23,629$17,152$12,228$8,587$5,955$2,789
30 years$22,595$16,198$11,390$7,880$5,381$2,440
31 years$21,629$15,312$10,619$7,238$4,865$2,135
32 years$20,726$14,489$9,908$6,652$4,401$1,869
33 years$19,878$13,721$9,251$6,117$3,983$1,636
34 years$19,083$13,004$8,643$5,628$3,606$1,433
35 years$18,335$12,334$8,081$5,181$3,266$1,255
36 years$17,629$11,707$7,560$4,771$2,959$1,100
37 years$16,964$11,119$7,076$4,396$2,682$963
38 years$16,335$10,567$6,626$4,052$2,431$844
39 years$15,740$10,048$6,208$3,736$2,205$740
40 years$15,175$9,560$5,819$3,446$2,000$649
41 years$14,640$9,100$5,456$3,179$1,814$569
42 years$14,132$8,667$5,118$2,934$1,646$498
43 years$13,649$8,258$4,802$2,709$1,494$437
44 years$13,188$7,871$4,508$2,501$1,356$383
45 years$12,750$7,506$4,233$2,310$1,231$336
46 years$12,332$7,161$3,976$2,134$1,118$295
47 years$11,933$6,833$3,735$1,971$1,015$258
48 years$11,551$6,523$3,510$1,821$922$227
49 years$11,186$6,229$3,299$1,683$837$199
50 years$10,837$5,951$3,102$1,556$760$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,100,000, adding $2,440 every year, while hoping to spend $35,064 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: 43/41/16 Blend
58$11,100,000$11,100,000$11,100,000$11,100,000
59$12,234,717$11,646,417$11,474,367$12,703,777
60$13,445,350$12,179,783$11,821,450$13,566,998
61$14,778,293$12,738,110$12,178,986$14,497,960
62$16,245,983$13,322,582$12,547,287$15,505,802
63$17,862,128$13,934,443$12,926,675$16,597,606
64$19,641,830$14,574,995$13,317,483$17,781,144
65$21,601,731$15,245,604$13,720,053$19,064,945
66$23,760,169$15,947,700$14,134,737$20,458,375
67$26,137,352$16,682,784$14,561,897$21,971,712
68$28,755,549$17,452,427$15,001,906$23,616,248
69$31,639,295$18,258,276$15,455,150$25,404,380
70$34,815,629$19,102,058$15,922,024$27,349,730
71$38,314,347$19,985,582$16,402,936$29,467,262
72$42,168,281$20,910,747$16,898,305$31,773,420
73$46,413,612$21,879,539$17,408,564$34,286,275
74$51,090,207$22,894,044$17,934,158$37,025,689
75$56,242,002$23,956,445$18,475,546$40,013,496
76$61,917,407$25,069,032$19,033,198$43,273,699
77$68,169,774$26,234,206$19,607,601$46,832,693
78$75,057,891$27,454,482$20,199,256$50,719,499
79$82,646,543$28,732,498$20,808,678$54,966,035
80$91,007,118$30,071,019$21,436,396$59,607,408
81$100,218,287$31,472,941$22,082,958$64,682,232
82$110,366,741$32,941,304$22,748,926$70,232,987
83$121,548,012$34,479,291$23,434,879$76,306,408
84$133,867,374$36,090,242$24,141,413$82,953,913
85$147,440,838$37,777,655$24,869,141$90,232,083
86$162,396,243$39,545,200$25,618,697$98,203,178
87$178,874,467$41,396,723$26,390,731$106,935,717
88$197,030,755$43,336,255$27,185,913$116,505,108
89$217,036,184$45,368,023$28,004,933$126,994,351
90$239,079,278$47,496,459$28,848,502$138,494,804
91$263,367,788$49,726,209$29,717,350$151,107,029
92$290,130,652$52,062,143$30,612,230$164,941,732
93$319,620,158$54,509,367$31,533,919$180,120,786
94$352,114,323$57,073,235$32,483,214$196,778,367
95$387,919,519$59,759,359$33,460,938$215,062,203
96$427,373,366$62,573,623$34,467,935$235,134,948
97$470,847,915$65,522,197$35,505,077$257,175,701
98$518,753,167$68,611,549$36,573,261$281,381,674
99$571,540,935$71,848,460$37,673,411$307,970,035
100$629,709,117$75,240,041$38,806,476$337,179,931