Can I retire at age 59 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$933,143$924,831$916,722$908,807$901,078$880,367
2 years$461,952$453,349$445,011$436,926$429,085$408,334
3 years$304,909$296,268$287,951$279,943$272,229$252,086
4 years$226,403$217,789$209,555$201,683$194,156$174,775
5 years$179,311$170,749$162,623$154,912$147,594$129,031
6 years$147,927$139,429$131,424$123,884$116,786$99,059
7 years$125,519$117,093$109,214$101,852$94,979$78,090
8 years$108,720$100,370$92,622$85,441$78,794$62,738
9 years$95,662$87,390$79,775$72,777$66,356$51,120
10 years$85,221$77,030$69,550$62,734$56,538$42,107
11 years$76,684$68,575$61,231$54,598$48,625$34,977
12 years$69,575$61,550$54,341$47,890$42,137$29,252
13 years$63,564$55,623$48,550$42,279$36,745$24,597
14 years$58,417$50,560$43,622$37,531$32,210$20,776
15 years$53,959$46,187$39,385$33,471$28,360$17,613
16 years$50,063$42,376$35,708$29,970$25,065$14,977
17 years$46,629$39,027$32,493$26,927$22,224$12,768
18 years$43,580$36,062$29,662$24,267$19,761$10,908
19 years$40,855$33,422$27,154$21,927$17,613$9,336
20 years$38,405$31,057$24,921$19,859$15,732$8,003
21 years$36,192$28,929$22,922$18,024$14,079$6,869
22 years$34,182$27,004$21,126$16,388$12,620$5,902
23 years$32,350$25,256$19,506$14,925$11,328$5,076
24 years$30,673$23,664$18,040$13,612$10,182$4,369
25 years$29,133$22,207$16,709$12,431$9,162$3,763
26 years$27,714$20,871$15,497$11,367$8,253$3,244
27 years$26,402$19,642$14,390$10,404$7,441$2,797
28 years$25,185$18,509$13,377$9,532$6,714$2,413
29 years$24,055$17,461$12,449$8,741$6,063$2,082
30 years$23,002$16,490$11,596$8,022$5,478$1,798
31 years$22,019$15,588$10,810$7,368$4,953$1,552
32 years$21,099$14,750$10,086$6,771$4,480$1,341
33 years$20,237$13,968$9,417$6,227$4,054$1,158
34 years$19,427$13,239$8,799$5,729$3,671$1,001
35 years$18,665$12,557$8,227$5,274$3,325$865
36 years$17,947$11,918$7,696$4,857$3,012$748
37 years$17,269$11,320$7,203$4,475$2,730$646
38 years$16,629$10,758$6,745$4,125$2,475$559
39 years$16,023$10,229$6,320$3,803$2,245$483
40 years$15,449$9,732$5,923$3,508$2,036$418
41 years$14,904$9,264$5,554$3,237$1,847$361
42 years$14,387$8,823$5,210$2,987$1,676$312
43 years$13,894$8,407$4,889$2,757$1,521$270
44 years$13,426$8,013$4,589$2,546$1,381$234
45 years$12,980$7,641$4,309$2,351$1,253$202
46 years$12,554$7,290$4,047$2,172$1,138$175
47 years$12,148$6,956$3,802$2,007$1,033$151
48 years$11,759$6,641$3,573$1,854$938$131
49 years$11,388$6,342$3,358$1,714$852$113
50 years$11,033$6,058$3,157$1,584$774$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,300,000, adding $4,546 every year, while hoping to spend $21,705 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: 53/29/18 Blend
58$11,300,000$11,300,000$11,300,000$11,300,000
59$12,457,289$11,858,389$11,683,239$13,056,329
60$13,704,839$12,416,356$12,051,534$14,025,291
61$15,078,911$13,000,936$12,431,439$15,076,394
62$16,592,388$13,613,410$12,823,320$16,219,634
63$18,259,466$14,255,122$13,227,556$17,463,780
64$20,095,787$14,927,479$13,644,534$18,818,469
65$22,118,590$15,631,957$14,074,659$20,294,294
66$24,346,869$16,370,106$14,518,343$21,902,896
67$26,801,556$17,143,548$14,976,014$23,657,075
68$29,505,717$17,953,984$15,448,113$25,570,902
69$32,484,771$18,803,200$15,935,095$27,659,851
70$35,766,726$19,693,065$16,437,429$29,940,936
71$39,382,449$20,625,542$16,955,600$32,432,873
72$43,365,952$21,602,687$17,490,106$35,156,245
73$47,754,717$22,626,657$18,041,463$38,133,697
74$52,590,048$23,699,713$18,610,201$41,390,137
75$57,917,459$24,824,225$19,196,869$44,952,974
76$63,787,108$26,002,680$19,802,032$48,852,364
77$70,254,266$27,237,684$20,426,273$53,121,489
78$77,379,841$28,531,971$21,070,194$57,796,868
79$85,230,955$29,888,407$21,734,415$62,918,690
80$93,881,570$31,309,997$22,419,576$68,531,188
81$103,413,195$32,799,892$23,126,337$74,683,050
82$113,915,651$34,361,397$23,855,379$81,427,867
83$125,487,918$35,997,976$24,607,405$88,824,635
84$138,239,072$37,713,263$25,383,139$96,938,302
85$152,289,312$39,511,068$26,183,329$105,840,368
86$167,771,098$41,395,386$27,008,746$115,609,558
87$184,830,395$43,370,405$27,860,185$126,332,546
88$203,628,061$45,440,521$28,738,466$138,104,772
89$224,341,355$47,610,338$29,644,437$151,031,325
90$247,165,617$49,884,688$30,578,969$165,227,927
91$272,316,109$52,268,637$31,542,963$180,822,013
92$300,030,048$54,767,496$32,537,349$197,953,922
93$330,568,847$57,386,837$33,563,084$216,778,206
94$364,220,578$60,132,501$34,621,156$237,465,078
95$401,302,698$63,010,615$35,712,586$260,202,006
96$442,165,041$66,027,603$36,838,425$285,195,464
97$487,193,121$69,190,201$37,999,758$312,672,866
98$536,811,773$72,505,474$39,197,704$342,884,699
99$591,489,163$75,980,832$40,433,416$376,106,870
100$651,741,209$79,624,044$41,708,087$412,643,289