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%15.7%
1 years$924,886$916,647$908,609$900,764$893,104$872,222
2 years$457,864$449,337$441,073$433,060$425,287$404,368
3 years$302,211$293,647$285,403$277,466$269,820$249,516
4 years$224,399$215,861$207,700$199,898$192,438$172,907
5 years$177,725$169,238$161,184$153,541$146,288$127,584
6 years$146,618$138,195$130,261$122,788$115,753$97,895
7 years$124,408$116,056$108,247$100,951$94,138$77,129
8 years$107,758$99,482$91,802$84,685$78,097$61,930
9 years$94,815$86,617$79,069$72,133$65,769$50,431
10 years$84,467$76,348$68,934$62,179$56,038$41,513
11 years$76,005$67,969$60,689$54,115$48,195$34,463
12 years$68,959$61,005$53,860$47,466$41,764$28,803
13 years$63,002$55,131$48,120$41,905$36,419$24,203
14 years$57,900$50,112$43,236$37,199$31,925$20,429
15 years$53,482$45,778$39,036$33,175$28,109$17,307
16 years$49,620$42,001$35,392$29,704$24,843$14,706
17 years$46,216$38,681$32,205$26,689$22,028$12,528
18 years$43,194$35,743$29,399$24,052$19,586$10,695
19 years$40,493$33,126$26,914$21,733$17,457$9,147
20 years$38,065$30,783$24,700$19,684$15,593$7,835
21 years$35,871$28,673$22,719$17,864$13,954$6,719
22 years$33,880$26,765$20,939$16,243$12,508$5,769
23 years$32,064$25,033$19,334$14,793$11,228$4,958
24 years$30,402$23,454$17,881$13,492$10,092$4,264
25 years$28,875$22,010$16,561$12,321$9,081$3,670
26 years$27,468$20,686$15,359$11,266$8,180$3,161
27 years$26,168$19,468$14,263$10,312$7,375$2,723
28 years$24,962$18,345$13,259$9,448$6,655$2,347
29 years$23,842$17,306$12,339$8,664$6,009$2,024
30 years$22,798$16,344$11,493$7,951$5,429$1,746
31 years$21,824$15,450$10,715$7,303$4,909$1,506
32 years$20,912$14,619$9,997$6,711$4,440$1,300
33 years$20,058$13,845$9,334$6,172$4,018$1,122
34 years$19,255$13,122$8,721$5,679$3,638$969
35 years$18,500$12,446$8,154$5,227$3,295$837
36 years$17,788$11,813$7,628$4,814$2,986$722
37 years$17,117$11,219$7,139$4,436$2,706$624
38 years$16,482$10,662$6,686$4,089$2,453$539
39 years$15,881$10,139$6,264$3,770$2,225$466
40 years$15,312$9,646$5,871$3,477$2,018$402
41 years$14,772$9,182$5,505$3,208$1,831$348
42 years$14,259$8,745$5,164$2,961$1,661$300
43 years$13,771$8,332$4,846$2,733$1,508$259
44 years$13,307$7,942$4,549$2,524$1,368$224
45 years$12,865$7,574$4,271$2,331$1,242$194
46 years$12,443$7,225$4,011$2,153$1,128$167
47 years$12,040$6,895$3,769$1,989$1,024$145
48 years$11,655$6,582$3,541$1,838$930$125
49 years$11,287$6,286$3,329$1,698$845$108
50 years$10,935$6,004$3,130$1,570$767$93

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 $2,151 every year, while hoping to spend $35,746 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: 70/21/9 Blend
58$11,200,000$11,200,000$11,200,000$11,200,000
59$12,344,619$11,751,019$11,577,419$13,187,956
60$13,565,736$12,288,785$11,927,229$14,284,338
61$14,910,210$12,851,704$12,287,559$15,479,088
62$16,390,584$13,440,970$12,658,725$16,785,487
63$18,020,682$14,057,836$13,041,051$18,214,504
64$19,815,734$14,703,613$13,434,869$19,778,208
65$21,792,526$15,379,677$13,840,524$21,489,882
66$23,969,551$16,087,469$14,258,369$23,364,143
67$26,367,190$16,828,499$14,688,769$25,417,079
68$29,007,900$17,604,352$15,132,099$27,666,398
69$31,916,426$18,416,686$15,588,745$30,131,589
70$35,120,039$19,267,240$16,059,105$32,834,109
71$38,648,786$20,157,839$16,543,588$35,797,577
72$42,535,780$21,090,391$17,042,617$39,047,996
73$46,817,510$22,066,900$17,556,624$42,613,995
74$51,534,183$23,089,465$18,086,058$46,527,095
75$56,730,107$24,160,286$18,631,378$50,822,001
76$62,454,107$25,281,670$19,193,059$55,536,931
77$68,759,988$26,456,033$19,771,589$60,713,967
78$75,707,039$27,685,911$20,367,469$66,399,449
79$83,360,595$28,973,959$20,981,217$72,644,412
80$91,792,655$30,322,962$21,613,367$79,505,057
81$101,082,556$31,735,838$22,264,466$87,043,280
82$111,317,730$33,215,647$22,935,078$95,327,252
83$122,594,521$34,765,596$23,625,786$104,432,054
84$135,019,100$36,389,048$24,337,188$114,440,383
85$148,708,464$38,089,527$25,069,899$125,443,323
86$163,791,542$39,870,729$25,824,555$137,541,205
87$180,410,411$41,736,525$26,601,809$150,844,540
88$198,721,636$43,690,978$27,402,333$165,475,061
89$218,897,751$45,738,344$28,226,819$181,566,862
90$241,128,884$47,883,087$29,075,981$199,267,658
91$265,624,556$50,129,883$29,950,552$218,740,171
92$292,615,653$52,483,639$30,851,287$240,163,659
93$322,356,609$54,949,498$31,778,965$263,735,599
94$355,127,809$57,532,849$32,734,386$289,673,540
95$391,238,232$60,239,345$33,718,375$318,217,151
96$431,028,372$63,074,913$34,731,780$349,630,474
97$474,873,446$66,045,764$35,775,475$384,204,403
98$523,186,944$69,158,413$36,850,360$422,259,420
99$576,424,525$72,419,688$37,957,360$464,148,614
100$635,088,324$75,836,750$39,097,429$510,260,997