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%17.7%
1 years$924,886$916,647$908,609$900,764$893,104$865,208
2 years$457,864$449,337$441,073$433,060$425,287$397,431
3 years$302,211$293,647$285,403$277,466$269,820$242,877
4 years$224,399$215,861$207,700$199,898$192,438$166,615
5 years$177,725$169,238$161,184$153,541$146,288$121,655
6 years$146,618$138,195$130,261$122,788$115,753$92,330
7 years$124,408$116,056$108,247$100,951$94,138$71,924
8 years$107,758$99,482$91,802$84,685$78,097$57,077
9 years$94,815$86,617$79,069$72,133$65,769$45,920
10 years$84,467$76,348$68,934$62,179$56,038$37,331
11 years$76,005$67,969$60,689$54,115$48,195$30,595
12 years$68,959$61,005$53,860$47,466$41,764$25,236
13 years$63,002$55,131$48,120$41,905$36,419$20,923
14 years$57,900$50,112$43,236$37,199$31,925$17,418
15 years$53,482$45,778$39,036$33,175$28,109$14,550
16 years$49,620$42,001$35,392$29,704$24,843$12,188
17 years$46,216$38,681$32,205$26,689$22,028$10,233
18 years$43,194$35,743$29,399$24,052$19,586$8,607
19 years$40,493$33,126$26,914$21,733$17,457$7,252
20 years$38,065$30,783$24,700$19,684$15,593$6,118
21 years$35,871$28,673$22,719$17,864$13,954$5,167
22 years$33,880$26,765$20,939$16,243$12,508$4,367
23 years$32,064$25,033$19,334$14,793$11,228$3,695
24 years$30,402$23,454$17,881$13,492$10,092$3,128
25 years$28,875$22,010$16,561$12,321$9,081$2,649
26 years$27,468$20,686$15,359$11,266$8,180$2,245
27 years$26,168$19,468$14,263$10,312$7,375$1,903
28 years$24,962$18,345$13,259$9,448$6,655$1,614
29 years$23,842$17,306$12,339$8,664$6,009$1,369
30 years$22,798$16,344$11,493$7,951$5,429$1,162
31 years$21,824$15,450$10,715$7,303$4,909$986
32 years$20,912$14,619$9,997$6,711$4,440$837
33 years$20,058$13,845$9,334$6,172$4,018$710
34 years$19,255$13,122$8,721$5,679$3,638$603
35 years$18,500$12,446$8,154$5,227$3,295$512
36 years$17,788$11,813$7,628$4,814$2,986$435
37 years$17,117$11,219$7,139$4,436$2,706$369
38 years$16,482$10,662$6,686$4,089$2,453$314
39 years$15,881$10,139$6,264$3,770$2,225$266
40 years$15,312$9,646$5,871$3,477$2,018$226
41 years$14,772$9,182$5,505$3,208$1,831$192
42 years$14,259$8,745$5,164$2,961$1,661$163
43 years$13,771$8,332$4,846$2,733$1,508$139
44 years$13,307$7,942$4,549$2,524$1,368$118
45 years$12,865$7,574$4,271$2,331$1,242$100
46 years$12,443$7,225$4,011$2,153$1,128$85
47 years$12,040$6,895$3,769$1,989$1,024$72
48 years$11,655$6,582$3,541$1,838$930$61
49 years$11,287$6,286$3,329$1,698$845$52
50 years$10,935$6,004$3,130$1,570$767$44

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 $5,954 every year, while hoping to spend $49,394 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: 71/24/5 Blend
58$11,200,000$11,200,000$11,200,000$11,200,000
59$12,348,542$11,754,942$11,581,342$13,219,109
60$13,555,538$12,278,379$11,916,762$14,317,639
61$14,883,993$12,825,809$12,261,763$15,512,840
62$16,346,242$13,398,356$12,616,614$16,819,561
63$17,955,879$13,997,196$12,981,591$18,248,749
64$19,727,883$14,623,562$13,356,978$19,812,448
65$21,678,756$15,278,746$13,743,067$21,523,912
66$23,826,686$15,964,101$14,140,156$23,397,725
67$26,191,710$16,681,045$14,548,553$25,449,940
68$28,795,910$17,431,062$14,968,575$27,698,224
69$31,663,617$18,215,707$15,400,547$30,162,022
70$34,821,641$19,036,612$15,844,800$32,862,739
71$38,299,526$19,895,484$16,301,679$35,823,938
72$42,129,827$20,794,112$16,771,535$39,071,561
73$46,348,417$21,734,371$17,254,729$42,634,165
74$50,994,826$22,718,226$17,751,632$46,543,193
75$56,112,612$23,747,733$18,262,626$50,833,265
76$61,749,777$24,825,050$18,788,102$55,542,501
77$67,959,213$25,952,437$19,328,463$60,712,876
78$74,799,207$27,132,260$19,884,120$66,390,611
79$82,333,988$28,367,002$20,455,499$72,626,607
80$90,634,331$29,659,262$21,043,036$79,476,918
81$99,778,232$31,011,765$21,647,176$87,003,278
82$109,851,635$32,427,364$22,268,380$95,273,675
83$120,949,249$33,909,053$22,907,118$104,362,988
84$133,175,442$35,459,967$23,563,877$114,353,692
85$146,645,222$37,083,390$24,239,151$125,336,625
86$161,485,325$38,782,766$24,933,453$137,411,840
87$177,835,411$40,561,704$25,647,306$150,689,546
88$195,849,380$42,423,985$26,381,248$165,291,138
89$215,696,830$44,373,573$27,135,833$181,350,340
90$237,564,649$46,414,621$27,911,626$199,014,452
91$261,658,789$48,551,483$28,709,211$218,445,741
92$288,206,201$50,788,721$29,529,186$239,822,958
93$317,456,983$53,131,118$30,372,163$263,343,021
94$349,686,738$55,583,686$31,238,773$289,222,862
95$385,199,176$58,151,677$32,129,662$317,701,466
96$424,328,981$60,840,598$33,045,495$349,042,117
97$467,444,970$63,656,220$33,986,952$383,534,874
98$514,953,574$66,604,592$34,954,732$421,499,296
99$567,302,677$69,692,055$35,949,554$463,287,450
100$624,985,838$72,925,255$36,972,152$509,287,219