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%13.8%
1 years$916,628$908,463$900,497$892,722$885,130$871,183
2 years$453,776$445,325$437,134$429,193$421,490$407,476
3 years$299,512$291,025$282,855$274,988$267,411$253,764
4 years$222,396$213,934$205,846$198,114$190,720$177,546
5 years$176,138$167,727$159,745$152,170$144,982$132,319
6 years$145,309$136,962$129,098$121,692$114,719$102,582
7 years$123,297$115,020$107,281$100,049$93,298$81,690
8 years$106,796$98,593$90,983$83,929$77,399$66,319
9 years$93,968$85,843$78,363$71,489$65,181$54,623
10 years$83,712$75,667$68,319$61,624$55,538$45,493
11 years$75,327$67,362$60,147$53,631$47,764$38,222
12 years$68,343$60,460$53,379$47,042$41,392$32,340
13 years$62,439$54,638$47,690$41,531$36,094$27,521
14 years$57,383$49,665$42,850$36,867$31,640$23,530
15 years$53,004$45,370$38,688$32,879$27,858$20,197
16 years$49,177$41,626$35,076$29,439$24,621$17,394
17 years$45,804$38,336$31,918$26,451$21,831$15,021
18 years$42,808$35,424$29,137$23,838$19,411$13,003
19 years$40,132$32,831$26,673$21,539$17,302$11,278
20 years$37,725$30,508$24,480$19,508$15,454$9,799
21 years$35,551$28,417$22,517$17,705$13,830$8,526
22 years$33,577$26,526$20,752$16,098$12,396$7,428
23 years$31,778$24,809$19,161$14,660$11,128$6,479
24 years$30,131$23,245$17,721$13,371$10,002$5,656
25 years$28,618$21,814$16,413$12,211$9,000$4,942
26 years$27,223$20,502$15,222$11,165$8,107$4,321
27 years$25,934$19,294$14,135$10,220$7,309$3,781
28 years$24,739$18,181$13,141$9,364$6,595$3,310
29 years$23,629$17,152$12,228$8,587$5,955$2,899
30 years$22,595$16,198$11,390$7,880$5,381$2,540
31 years$21,629$15,312$10,619$7,238$4,865$2,226
32 years$20,726$14,489$9,908$6,652$4,401$1,952
33 years$19,878$13,721$9,251$6,117$3,983$1,712
34 years$19,083$13,004$8,643$5,628$3,606$1,502
35 years$18,335$12,334$8,081$5,181$3,266$1,317
36 years$17,629$11,707$7,560$4,771$2,959$1,156
37 years$16,964$11,119$7,076$4,396$2,682$1,015
38 years$16,335$10,567$6,626$4,052$2,431$891
39 years$15,740$10,048$6,208$3,736$2,205$782
40 years$15,175$9,560$5,819$3,446$2,000$687
41 years$14,640$9,100$5,456$3,179$1,814$603
42 years$14,132$8,667$5,118$2,934$1,646$530
43 years$13,649$8,258$4,802$2,709$1,494$465
44 years$13,188$7,871$4,508$2,501$1,356$409
45 years$12,750$7,506$4,233$2,310$1,231$359
46 years$12,332$7,161$3,976$2,134$1,118$315
47 years$11,933$6,833$3,735$1,971$1,015$277
48 years$11,551$6,523$3,510$1,821$922$243
49 years$11,186$6,229$3,299$1,683$837$214
50 years$10,837$5,951$3,102$1,556$760$188

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 $4,362 every year, while hoping to spend $29,551 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: 49/28/23 Blend
58$11,100,000$11,100,000$11,100,000$11,100,000
59$12,236,699$11,648,399$11,476,349$12,756,605
60$13,453,401$12,187,729$11,829,365$13,658,491
61$14,793,215$12,752,495$12,193,216$14,634,408
62$16,268,669$13,343,913$12,568,235$15,694,051
63$17,893,565$13,963,257$12,954,763$16,845,331
64$19,683,114$14,611,862$13,353,153$18,096,937
65$21,654,076$15,291,127$13,763,767$19,458,416
66$23,824,919$16,002,520$14,186,981$20,940,260
67$26,215,995$16,747,577$14,623,179$22,554,003
68$28,849,730$17,527,912$15,072,759$24,312,323
69$31,750,837$18,345,215$15,536,131$26,229,157
70$34,946,547$19,201,255$16,013,716$28,319,831
71$38,466,870$20,097,891$16,505,951$30,601,198
72$42,344,872$21,037,069$17,013,281$33,091,791
73$46,616,993$22,020,830$17,536,171$35,811,998
74$51,323,389$23,051,313$18,075,095$38,784,241
75$56,508,308$24,130,761$18,630,544$42,033,191
76$62,220,511$25,261,524$19,203,023$45,585,989
77$68,513,733$26,446,068$19,793,054$49,472,496
78$75,447,185$27,686,977$20,401,172$53,725,574
79$83,086,118$28,986,960$21,027,932$58,381,384
80$91,502,437$30,348,856$21,673,903$63,479,722
81$100,775,379$31,775,643$22,339,672$69,064,389
82$110,992,262$33,270,443$23,025,845$75,183,597
83$122,249,307$34,836,529$23,733,045$81,890,411
84$134,652,549$36,477,332$24,461,915$89,243,251
85$148,318,838$38,196,450$25,213,117$97,306,426
86$163,376,937$39,997,653$25,987,335$106,150,737
87$179,968,743$41,884,898$26,785,270$115,854,134
88$198,250,626$43,862,329$27,607,647$126,502,443
89$218,394,901$45,934,294$28,455,214$138,190,165
90$240,591,457$48,105,351$29,328,740$151,021,360
91$265,049,551$50,380,278$30,229,018$165,110,612
92$291,999,780$52,764,086$31,156,865$180,584,108
93$321,696,260$55,262,029$32,113,122$197,580,807
94$354,419,025$57,879,614$33,098,658$216,253,746
95$390,476,669$60,622,619$34,114,367$236,771,470
96$430,209,260$63,497,098$35,161,169$259,319,606
97$473,991,550$66,509,402$36,240,014$284,102,604
98$522,236,514$69,666,188$37,351,880$311,345,650
99$575,399,246$72,974,439$38,497,775$341,296,776
100$633,981,256$76,441,474$39,678,738$374,229,185