Can I retire at age 59 with 11,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$941,401$933,016$924,835$916,849$909,052$893,257
2 years$466,040$457,361$448,949$440,793$432,882$417,020
3 years$307,607$298,890$290,500$282,420$274,638$259,203
4 years$228,406$219,716$211,409$203,468$195,874$180,985
5 years$180,898$172,260$164,062$156,283$148,900$134,600
6 years$149,236$140,663$132,587$124,981$117,820$104,125
7 years$126,630$118,129$110,180$102,754$95,819$82,733
8 years$109,682$101,258$93,442$86,197$79,491$67,011
9 years$96,508$88,163$80,481$73,421$66,943$55,061
10 years$85,975$77,712$70,165$63,290$57,039$45,746
11 years$77,362$69,182$61,772$55,081$49,055$38,338
12 years$70,191$62,094$54,821$48,313$42,510$32,355
13 years$64,127$56,115$48,979$42,653$37,070$27,461
14 years$58,934$51,007$44,008$37,863$32,495$23,416
15 years$54,437$46,596$39,733$33,767$28,611$20,044
16 years$50,506$42,751$36,024$30,235$25,287$17,214
17 years$47,042$39,372$32,781$27,166$22,421$14,823
18 years$43,965$36,381$29,924$24,482$19,936$12,794
19 years$41,216$33,718$27,394$22,121$17,769$11,064
20 years$38,745$31,332$25,141$20,035$15,872$9,585
21 years$36,512$29,185$23,125$18,183$14,203$8,315
22 years$34,485$27,243$21,313$16,533$12,731$7,222
23 years$32,637$25,480$19,679$15,057$11,428$6,280
24 years$30,945$23,873$18,200$13,733$10,272$5,465
25 years$29,391$22,404$16,857$12,541$9,243$4,760
26 years$27,959$21,056$15,634$11,467$8,326$4,149
27 years$26,635$19,816$14,517$10,496$7,507$3,618
28 years$25,408$18,672$13,496$9,617$6,773$3,157
29 years$24,268$17,615$12,559$8,819$6,116$2,756
30 years$23,205$16,636$11,698$8,093$5,526$2,407
31 years$22,214$15,726$10,906$7,433$4,996$2,103
32 years$21,286$14,880$10,175$6,831$4,520$1,837
33 years$20,416$14,092$9,501$6,282$4,090$1,606
34 years$19,599$13,356$8,877$5,780$3,703$1,404
35 years$18,830$12,668$8,299$5,321$3,354$1,228
36 years$18,106$12,024$7,764$4,900$3,039$1,074
37 years$17,422$11,420$7,267$4,515$2,754$939
38 years$16,776$10,853$6,805$4,162$2,497$822
39 years$16,165$10,320$6,376$3,837$2,264$719
40 years$15,586$9,819$5,976$3,539$2,054$629
41 years$15,036$9,346$5,603$3,265$1,863$551
42 years$14,514$8,901$5,256$3,014$1,691$482
43 years$14,017$8,481$4,932$2,782$1,535$422
44 years$13,545$8,084$4,630$2,569$1,393$369
45 years$13,095$7,709$4,347$2,372$1,264$323
46 years$12,665$7,354$4,083$2,191$1,148$283
47 years$12,255$7,018$3,836$2,024$1,043$248
48 years$11,863$6,700$3,605$1,871$947$217
49 years$11,489$6,398$3,388$1,729$860$190
50 years$11,130$6,111$3,185$1,598$781$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,400,000, adding $6,278 every year, while hoping to spend $56,280 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: 74/20/6 Blend
58$11,400,000$11,400,000$11,400,000$11,400,000
59$12,569,276$11,965,076$11,788,376$13,490,698
60$13,791,460$12,491,483$12,123,405$14,624,373
61$15,136,422$13,041,798$12,467,771$15,858,136
62$16,616,623$13,617,133$12,821,728$17,208,035
63$18,245,798$14,218,652$13,185,536$18,685,529
64$20,039,079$14,847,575$13,559,460$20,303,229
65$22,013,139$15,505,180$13,943,776$22,075,019
66$24,186,351$16,192,805$14,338,764$24,016,179
67$26,578,958$16,911,852$14,744,712$26,143,529
68$29,213,267$17,663,788$15,161,916$28,475,587
69$32,113,859$18,450,152$15,590,678$31,032,739
70$35,307,817$19,272,554$16,031,310$33,837,430
71$38,824,987$20,132,682$16,484,132$36,914,370
72$42,698,255$21,032,303$16,949,469$40,290,770
73$46,963,859$21,973,268$17,427,659$43,996,591
74$51,661,732$22,957,518$17,919,045$48,064,826
75$56,835,877$23,987,084$18,423,981$52,531,805
76$62,534,780$25,064,095$18,942,828$57,437,540
77$68,811,874$26,190,782$19,475,959$62,826,093
78$75,726,035$27,369,480$20,023,754$68,745,992
79$83,342,144$28,602,638$20,586,603$75,250,683
80$91,731,696$29,892,821$21,164,908$82,399,033
81$100,973,475$31,242,715$21,759,078$90,255,877
82$111,154,298$32,655,136$22,369,535$98,892,630
83$122,369,832$34,133,034$22,996,711$108,387,954
84$134,725,502$35,679,499$23,641,047$118,828,496
85$148,337,479$37,297,771$24,302,999$130,309,698
86$163,333,782$38,991,242$24,983,029$142,936,700
87$179,855,483$40,763,468$25,681,616$156,825,318
88$198,058,040$42,618,176$26,399,248$172,103,138
89$218,112,763$44,559,269$27,136,425$188,910,709
90$240,208,431$46,590,839$27,893,662$207,402,869
91$264,553,074$48,717,173$28,671,482$227,750,193
92$291,375,937$50,942,764$29,470,427$250,140,604
93$320,929,643$53,272,321$30,291,047$274,781,132
94$353,492,578$55,710,776$31,133,908$301,899,866
95$389,371,519$58,263,301$31,999,591$331,748,098
96$428,904,526$60,935,315$32,888,690$364,602,684
97$472,464,138$63,732,497$33,801,812$400,768,651
98$520,460,889$66,660,798$34,739,582$440,582,069
99$573,347,179$69,726,456$35,702,637$484,413,209
100$631,621,548$72,936,009$36,691,631$532,670,035