Can I retire at age 59 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$924,886$916,647$908,609$900,764$893,104$881,944
2 years$457,864$449,337$441,073$433,060$425,287$414,058
3 years$302,211$293,647$285,403$277,466$269,820$258,870
4 years$224,399$215,861$207,700$199,898$192,438$181,852
5 years$177,725$169,238$161,184$153,541$146,288$136,097
6 years$146,618$138,195$130,261$122,788$115,753$105,968
7 years$124,408$116,056$108,247$100,951$94,138$84,764
8 years$107,758$99,482$91,802$84,685$78,097$69,133
9 years$94,815$86,617$79,069$72,133$65,769$57,211
10 years$84,467$76,348$68,934$62,179$56,038$47,880
11 years$76,005$67,969$60,689$54,115$48,195$40,430
12 years$68,959$61,005$53,860$47,466$41,764$34,384
13 years$63,002$55,131$48,120$41,905$36,419$29,413
14 years$57,900$50,112$43,236$37,199$31,925$25,283
15 years$53,482$45,778$39,036$33,175$28,109$21,821
16 years$49,620$42,001$35,392$29,704$24,843$18,897
17 years$46,216$38,681$32,205$26,689$22,028$16,412
18 years$43,194$35,743$29,399$24,052$19,586$14,288
19 years$40,493$33,126$26,914$21,733$17,457$12,466
20 years$38,065$30,783$24,700$19,684$15,593$10,895
21 years$35,871$28,673$22,719$17,864$13,954$9,538
22 years$33,880$26,765$20,939$16,243$12,508$8,360
23 years$32,064$25,033$19,334$14,793$11,228$7,337
24 years$30,402$23,454$17,881$13,492$10,092$6,445
25 years$28,875$22,010$16,561$12,321$9,081$5,667
26 years$27,468$20,686$15,359$11,266$8,180$4,987
27 years$26,168$19,468$14,263$10,312$7,375$4,391
28 years$24,962$18,345$13,259$9,448$6,655$3,869
29 years$23,842$17,306$12,339$8,664$6,009$3,411
30 years$22,798$16,344$11,493$7,951$5,429$3,008
31 years$21,824$15,450$10,715$7,303$4,909$2,654
32 years$20,912$14,619$9,997$6,711$4,440$2,342
33 years$20,058$13,845$9,334$6,172$4,018$2,068
34 years$19,255$13,122$8,721$5,679$3,638$1,826
35 years$18,500$12,446$8,154$5,227$3,295$1,613
36 years$17,788$11,813$7,628$4,814$2,986$1,425
37 years$17,117$11,219$7,139$4,436$2,706$1,260
38 years$16,482$10,662$6,686$4,089$2,453$1,113
39 years$15,881$10,139$6,264$3,770$2,225$984
40 years$15,312$9,646$5,871$3,477$2,018$870
41 years$14,772$9,182$5,505$3,208$1,831$769
42 years$14,259$8,745$5,164$2,961$1,661$680
43 years$13,771$8,332$4,846$2,733$1,508$602
44 years$13,307$7,942$4,549$2,524$1,368$532
45 years$12,865$7,574$4,271$2,331$1,242$471
46 years$12,443$7,225$4,011$2,153$1,128$416
47 years$12,040$6,895$3,769$1,989$1,024$368
48 years$11,655$6,582$3,541$1,838$930$326
49 years$11,287$6,286$3,329$1,698$845$288
50 years$10,935$6,004$3,130$1,570$767$255

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,200,000, adding $5,196 every year, while hoping to spend $33,861 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: 60/14/26 Blend
58$11,200,000$11,200,000$11,200,000$11,200,000
59$12,347,760$11,754,160$11,580,560$13,001,955
60$13,571,203$12,294,086$11,932,481$13,987,932
61$14,918,303$12,859,333$12,295,056$15,059,161
62$16,401,637$13,451,107$12,668,607$16,227,316
63$18,035,063$14,070,671$13,053,464$17,501,834
64$19,833,853$14,719,347$13,449,969$18,893,099
65$21,814,835$15,398,524$13,858,472$20,412,536
66$23,996,552$16,109,655$14,279,334$22,072,715
67$26,399,437$16,854,265$14,712,929$23,887,472
68$29,046,006$17,633,950$15,159,638$25,872,032
69$31,961,070$18,450,386$15,619,858$28,043,152
70$35,171,971$19,305,327$16,093,995$30,419,277
71$38,708,837$20,200,612$16,582,469$33,020,710
72$42,604,866$21,138,170$17,085,709$35,869,803
73$46,896,644$22,120,022$17,604,162$38,991,161
74$51,624,485$23,148,286$18,138,284$42,411,875
75$56,832,813$24,225,183$18,688,548$46,161,770
76$62,570,584$25,353,041$19,255,438$50,273,690
77$68,891,744$26,534,300$19,839,455$54,783,794
78$75,855,739$27,771,518$20,441,114$59,731,905
79$83,528,078$29,067,376$21,060,946$65,161,872
80$91,980,950$30,424,685$21,699,495$71,121,988
81$101,293,904$31,846,393$22,357,326$77,665,433
82$111,554,604$33,335,587$23,035,018$84,850,780
83$122,859,649$34,895,507$23,733,166$92,742,538
84$135,315,493$36,529,546$24,452,387$101,411,756
85$149,039,444$38,241,265$25,193,313$110,936,693
86$164,160,774$40,034,393$25,956,595$121,403,546
87$180,821,937$41,912,843$26,742,906$132,907,261
88$199,179,918$43,880,715$27,552,936$145,552,424
89$219,407,708$45,942,309$28,387,398$159,454,240
90$241,695,943$48,102,130$29,247,024$174,739,617
91$266,254,700$50,364,906$30,132,571$191,548,354
92$293,315,482$52,735,589$31,044,815$210,034,459
93$323,133,402$55,219,374$31,984,557$230,367,590
94$355,989,592$57,821,706$32,952,623$252,734,653
95$392,193,856$60,548,295$33,949,861$277,341,557
96$432,087,594$63,405,126$34,977,146$304,415,150
97$476,047,028$66,398,477$36,035,380$334,205,355
98$524,486,748$69,534,926$37,125,488$366,987,515
99$577,863,632$72,821,373$38,248,428$403,064,987
100$636,681,154$76,265,052$39,405,182$442,771,994