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%16.5%
1 years$933,143$924,831$916,722$908,807$901,078$877,160
2 years$461,952$453,349$445,011$436,926$429,085$405,155
3 years$304,909$296,268$287,951$279,943$272,229$249,036
4 years$226,403$217,789$209,555$201,683$194,156$171,878
5 years$179,311$170,749$162,623$154,912$147,594$126,293
6 years$147,927$139,429$131,424$123,884$116,786$96,482
7 years$125,519$117,093$109,214$101,852$94,979$75,672
8 years$108,720$100,370$92,622$85,441$78,794$60,476
9 years$95,662$87,390$79,775$72,777$66,356$49,011
10 years$85,221$77,030$69,550$62,734$56,538$40,144
11 years$76,684$68,575$61,231$54,598$48,625$33,156
12 years$69,575$61,550$54,341$47,890$42,137$27,566
13 years$63,564$55,623$48,550$42,279$36,745$23,040
14 years$58,417$50,560$43,622$37,531$32,210$19,341
15 years$53,959$46,187$39,385$33,471$28,360$16,293
16 years$50,063$42,376$35,708$29,970$25,065$13,766
17 years$46,629$39,027$32,493$26,927$22,224$11,659
18 years$43,580$36,062$29,662$24,267$19,761$9,895
19 years$40,855$33,422$27,154$21,927$17,613$8,412
20 years$38,405$31,057$24,921$19,859$15,732$7,162
21 years$36,192$28,929$22,922$18,024$14,079$6,105
22 years$34,182$27,004$21,126$16,388$12,620$5,209
23 years$32,350$25,256$19,506$14,925$11,328$4,449
24 years$30,673$23,664$18,040$13,612$10,182$3,802
25 years$29,133$22,207$16,709$12,431$9,162$3,251
26 years$27,714$20,871$15,497$11,367$8,253$2,782
27 years$26,402$19,642$14,390$10,404$7,441$2,382
28 years$25,185$18,509$13,377$9,532$6,714$2,039
29 years$24,055$17,461$12,449$8,741$6,063$1,747
30 years$23,002$16,490$11,596$8,022$5,478$1,497
31 years$22,019$15,588$10,810$7,368$4,953$1,283
32 years$21,099$14,750$10,086$6,771$4,480$1,100
33 years$20,237$13,968$9,417$6,227$4,054$943
34 years$19,427$13,239$8,799$5,729$3,671$809
35 years$18,665$12,557$8,227$5,274$3,325$694
36 years$17,947$11,918$7,696$4,857$3,012$595
37 years$17,269$11,320$7,203$4,475$2,730$511
38 years$16,629$10,758$6,745$4,125$2,475$438
39 years$16,023$10,229$6,320$3,803$2,245$376
40 years$15,449$9,732$5,923$3,508$2,036$322
41 years$14,904$9,264$5,554$3,237$1,847$277
42 years$14,387$8,823$5,210$2,987$1,676$237
43 years$13,894$8,407$4,889$2,757$1,521$204
44 years$13,426$8,013$4,589$2,546$1,381$175
45 years$12,980$7,641$4,309$2,351$1,253$150
46 years$12,554$7,290$4,047$2,172$1,138$129
47 years$12,148$6,956$3,802$2,007$1,033$111
48 years$11,759$6,641$3,573$1,854$938$95
49 years$11,388$6,342$3,358$1,714$852$81
50 years$11,033$6,058$3,157$1,584$774$70

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 $6,995 every year, while hoping to spend $34,523 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: 39/46/15 Blend
58$11,300,000$11,300,000$11,300,000$11,300,000
59$12,459,815$11,860,915$11,685,765$12,889,445
60$13,693,984$12,405,368$12,040,506$13,740,540
61$15,052,881$12,975,342$12,405,974$14,656,337
62$16,549,193$13,572,051$12,782,491$15,645,807
63$18,196,896$14,196,767$13,170,391$16,715,625
64$20,011,396$14,850,825$13,570,015$17,873,107
65$22,009,665$15,535,622$13,981,717$19,126,277
66$24,210,406$16,252,623$14,405,860$20,483,937
67$26,634,229$17,003,363$14,842,818$21,955,743
68$29,303,844$17,789,451$15,292,976$23,552,292
69$32,244,277$18,612,575$15,756,731$25,285,215
70$35,483,104$19,474,503$16,234,493$27,167,281
71$39,050,714$20,377,087$16,726,682$29,212,509
72$42,980,593$21,322,270$17,233,732$31,436,296
73$47,309,641$22,312,089$17,756,090$33,855,553
74$52,078,520$23,348,677$18,294,214$36,488,856
75$57,332,039$24,434,272$18,848,580$39,356,617
76$63,119,574$25,571,218$19,419,674$42,481,264
77$69,495,537$26,761,974$20,008,000$45,887,446
78$76,519,888$28,009,117$20,614,074$49,602,257
79$84,258,701$29,315,348$21,238,430$53,655,479
80$92,784,786$30,683,498$21,881,615$58,079,858
81$102,178,381$32,116,536$22,544,196$62,911,397
82$112,527,904$33,617,574$23,226,754$68,189,688
83$123,930,788$35,189,874$23,929,889$73,958,275
84$136,494,406$36,836,854$24,654,217$80,265,049
85$150,337,076$38,562,102$25,400,375$87,162,690
86$165,589,187$40,369,373$26,169,016$94,709,151
87$182,394,421$42,262,610$26,960,816$102,968,190
88$200,911,117$44,245,942$27,776,468$112,009,959
89$221,313,757$46,323,700$28,616,686$121,911,648
90$243,794,623$48,500,424$29,482,208$132,758,200
91$268,565,604$50,780,874$30,373,790$144,643,095
92$295,860,198$53,170,039$31,292,215$157,669,216
93$325,935,719$55,673,152$32,238,285$171,949,800
94$359,075,724$58,295,698$33,212,829$187,609,490
95$395,592,687$61,043,427$34,216,698$204,785,488
96$435,830,955$63,922,368$35,250,772$223,628,834
97$480,169,992$66,938,844$36,315,952$244,305,803
98$529,027,966$70,099,483$37,413,172$266,999,459
99$582,865,694$73,411,232$38,543,388$291,911,354
100$642,190,991$76,881,379$39,707,587$319,263,406