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

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$941,401$933,016$924,835$916,849$909,052$891,062
2 years$466,040$457,361$448,949$440,793$432,882$414,833
3 years$307,607$298,890$290,500$282,420$274,638$257,094
4 years$228,406$219,716$211,409$203,468$195,874$178,969
5 years$180,898$172,260$164,062$156,283$148,900$132,683
6 years$149,236$140,663$132,587$124,981$117,820$102,307
7 years$126,630$118,129$110,180$102,754$95,819$81,015
8 years$109,682$101,258$93,442$86,197$79,491$65,392
9 years$96,508$88,163$80,481$73,421$66,943$53,539
10 years$85,975$77,712$70,165$63,290$57,039$44,317
11 years$77,362$69,182$61,772$55,081$49,055$37,001
12 years$70,191$62,094$54,821$48,313$42,510$31,106
13 years$64,127$56,115$48,979$42,653$37,070$26,296
14 years$58,934$51,007$44,008$37,863$32,495$22,332
15 years$54,437$46,596$39,733$33,767$28,611$19,037
16 years$50,506$42,751$36,024$30,235$25,287$16,280
17 years$47,042$39,372$32,781$27,166$22,421$13,959
18 years$43,965$36,381$29,924$24,482$19,936$11,996
19 years$41,216$33,718$27,394$22,121$17,769$10,328
20 years$38,745$31,332$25,141$20,035$15,872$8,907
21 years$36,512$29,185$23,125$18,183$14,203$7,691
22 years$34,485$27,243$21,313$16,533$12,731$6,650
23 years$32,637$25,480$19,679$15,057$11,428$5,755
24 years$30,945$23,873$18,200$13,733$10,272$4,985
25 years$29,391$22,404$16,857$12,541$9,243$4,321
26 years$27,959$21,056$15,634$11,467$8,326$3,748
27 years$26,635$19,816$14,517$10,496$7,507$3,253
28 years$25,408$18,672$13,496$9,617$6,773$2,825
29 years$24,268$17,615$12,559$8,819$6,116$2,454
30 years$23,205$16,636$11,698$8,093$5,526$2,132
31 years$22,214$15,726$10,906$7,433$4,996$1,854
32 years$21,286$14,880$10,175$6,831$4,520$1,612
33 years$20,416$14,092$9,501$6,282$4,090$1,402
34 years$19,599$13,356$8,877$5,780$3,703$1,219
35 years$18,830$12,668$8,299$5,321$3,354$1,061
36 years$18,106$12,024$7,764$4,900$3,039$923
37 years$17,422$11,420$7,267$4,515$2,754$803
38 years$16,776$10,853$6,805$4,162$2,497$699
39 years$16,165$10,320$6,376$3,837$2,264$609
40 years$15,586$9,819$5,976$3,539$2,054$530
41 years$15,036$9,346$5,603$3,265$1,863$461
42 years$14,514$8,901$5,256$3,014$1,691$402
43 years$14,017$8,481$4,932$2,782$1,535$350
44 years$13,545$8,084$4,630$2,569$1,393$305
45 years$13,095$7,709$4,347$2,372$1,264$265
46 years$12,665$7,354$4,083$2,191$1,148$231
47 years$12,255$7,018$3,836$2,024$1,043$201
48 years$11,863$6,700$3,605$1,871$947$175
49 years$11,489$6,398$3,388$1,729$860$153
50 years$11,130$6,111$3,185$1,598$781$133

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 $2,349 every year, while hoping to spend $20,429 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: 79/13/8 Blend
58$11,400,000$11,400,000$11,400,000$11,400,000
59$12,565,223$11,961,023$11,784,323$13,544,267
60$13,825,139$12,525,377$12,157,362$14,751,094
61$15,212,883$13,116,699$12,542,212$16,071,755
62$16,741,469$13,736,290$12,939,249$17,519,896
63$18,425,244$14,385,513$13,348,858$19,108,223
64$20,280,011$15,065,796$13,771,438$20,850,723
65$22,323,190$15,778,637$14,207,398$22,762,798
66$24,573,973$16,525,609$14,657,164$24,861,408
67$27,053,512$17,308,357$15,121,173$27,165,226
68$29,785,113$18,128,609$15,599,875$29,694,817
69$32,794,460$18,988,176$16,093,736$32,472,824
70$36,109,855$19,888,957$16,603,236$35,524,187
71$39,762,486$20,832,942$17,128,871$38,876,369
72$43,786,723$21,822,219$17,671,151$42,559,619
73$48,220,439$22,858,978$18,230,605$46,607,250
74$53,105,369$23,945,513$18,807,775$51,055,956
75$58,487,505$25,084,231$19,403,224$55,946,149
76$64,417,528$26,277,657$20,017,530$61,322,345
77$70,951,289$27,528,435$20,651,290$67,233,575
78$78,150,334$28,839,342$21,305,122$73,733,851
79$86,082,485$30,213,286$21,979,660$80,882,666
80$94,822,481$31,653,320$22,675,561$88,745,556
81$104,452,683$33,162,642$23,393,502$97,394,718
82$115,063,852$34,744,607$24,134,180$106,909,679
83$126,756,007$36,402,734$24,898,316$117,378,054
84$139,639,364$38,140,712$25,686,654$128,896,360
85$153,835,381$39,962,410$26,499,960$141,570,927
86$169,477,906$41,871,884$27,339,024$155,518,899
87$186,714,435$43,873,389$28,204,664$170,869,330
88$205,707,509$45,971,386$29,097,721$187,764,403
89$226,636,243$48,170,553$30,019,064$206,360,764
90$249,698,026$50,475,796$30,969,588$226,830,997
91$275,110,375$52,892,260$31,950,219$249,365,247
92$303,112,992$55,425,339$32,961,911$274,173,009
93$333,970,029$58,080,693$34,005,647$301,485,100
94$367,972,578$60,864,253$35,082,442$331,555,834
95$405,441,423$63,782,243$36,193,345$364,665,412
96$446,730,061$66,841,186$37,339,436$401,122,564
97$492,228,050$70,047,927$38,521,830$441,267,454
98$542,364,677$73,409,641$39,741,677$485,474,886
99$597,613,015$76,933,854$41,000,163$534,157,832
100$658,494,388$80,628,459$42,298,514$587,771,324