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%18%
1 years$941,401$933,016$924,835$916,849$909,052$879,601
2 years$466,040$457,361$448,949$440,793$432,882$403,487
3 years$307,607$298,890$290,500$282,420$274,638$246,221
4 years$228,406$219,716$211,409$203,468$195,874$168,653
5 years$180,898$172,260$164,062$156,283$148,900$122,949
6 years$149,236$140,663$132,587$124,981$117,820$93,159
7 years$126,630$118,129$110,180$102,754$95,819$72,446
8 years$109,682$101,258$93,442$86,197$79,491$57,389
9 years$96,508$88,163$80,481$73,421$66,943$46,087
10 years$85,975$77,712$70,165$63,290$57,039$37,396
11 years$77,362$69,182$61,772$55,081$49,055$30,589
12 years$70,191$62,094$54,821$48,313$42,510$25,181
13 years$64,127$56,115$48,979$42,653$37,070$20,834
14 years$58,934$51,007$44,008$37,863$32,495$17,309
15 years$54,437$46,596$39,733$33,767$28,611$14,428
16 years$50,506$42,751$36,024$30,235$25,287$12,059
17 years$47,042$39,372$32,781$27,166$22,421$10,102
18 years$43,965$36,381$29,924$24,482$19,936$8,479
19 years$41,216$33,718$27,394$22,121$17,769$7,127
20 years$38,745$31,332$25,141$20,035$15,872$5,999
21 years$36,512$29,185$23,125$18,183$14,203$5,055
22 years$34,485$27,243$21,313$16,533$12,731$4,263
23 years$32,637$25,480$19,679$15,057$11,428$3,598
24 years$30,945$23,873$18,200$13,733$10,272$3,038
25 years$29,391$22,404$16,857$12,541$9,243$2,567
26 years$27,959$21,056$15,634$11,467$8,326$2,170
27 years$26,635$19,816$14,517$10,496$7,507$1,835
28 years$25,408$18,672$13,496$9,617$6,773$1,553
29 years$24,268$17,615$12,559$8,819$6,116$1,314
30 years$23,205$16,636$11,698$8,093$5,526$1,112
31 years$22,214$15,726$10,906$7,433$4,996$941
32 years$21,286$14,880$10,175$6,831$4,520$797
33 years$20,416$14,092$9,501$6,282$4,090$675
34 years$19,599$13,356$8,877$5,780$3,703$572
35 years$18,830$12,668$8,299$5,321$3,354$484
36 years$18,106$12,024$7,764$4,900$3,039$410
37 years$17,422$11,420$7,267$4,515$2,754$347
38 years$16,776$10,853$6,805$4,162$2,497$294
39 years$16,165$10,320$6,376$3,837$2,264$249
40 years$15,586$9,819$5,976$3,539$2,054$211
41 years$15,036$9,346$5,603$3,265$1,863$179
42 years$14,514$8,901$5,256$3,014$1,691$152
43 years$14,017$8,481$4,932$2,782$1,535$129
44 years$13,545$8,084$4,630$2,569$1,393$109
45 years$13,095$7,709$4,347$2,372$1,264$92
46 years$12,665$7,354$4,083$2,191$1,148$78
47 years$12,255$7,018$3,836$2,024$1,043$66
48 years$11,863$6,700$3,605$1,871$947$56
49 years$11,489$6,398$3,388$1,729$860$48
50 years$11,130$6,111$3,185$1,598$781$40

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 $6,156 every year, while hoping to spend $51,548 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: 51/28/21 Blend
58$11,400,000$11,400,000$11,400,000$11,400,000
59$12,569,150$11,964,950$11,788,250$13,136,459
60$13,796,357$12,496,386$12,128,310$14,060,526
61$15,147,011$13,052,134$12,478,034$15,058,883
62$16,633,649$13,633,332$12,837,691$16,143,301
63$18,270,087$14,241,171$13,207,559$17,321,954
64$20,071,545$14,876,898$13,587,922$18,603,825
65$22,054,796$15,541,819$13,979,071$19,998,788
66$24,238,321$16,237,304$14,381,305$21,517,696
67$26,642,484$16,964,787$14,794,934$23,172,484
68$29,289,726$17,725,770$15,220,272$24,976,272
69$32,204,772$18,521,826$15,657,646$26,943,491
70$35,414,869$19,354,606$16,107,387$29,090,009
71$38,950,040$20,225,836$16,569,839$31,433,283
72$42,843,368$21,137,326$17,045,352$33,992,515
73$47,131,309$22,090,973$17,534,289$36,788,827
74$51,854,035$23,088,762$18,037,020$39,845,462
75$57,055,811$24,132,777$18,553,925$43,187,993
76$62,785,418$25,225,197$19,085,395$46,844,560
77$69,096,607$26,368,307$19,631,832$50,846,131
78$76,048,610$27,564,503$20,193,648$55,226,789
79$83,706,698$28,816,294$20,771,265$60,024,047
80$92,142,796$30,126,308$21,365,117$65,279,194
81$101,436,164$31,497,299$21,975,651$71,037,681
82$111,674,142$32,932,156$22,603,325$77,349,544
83$122,952,975$34,433,903$23,248,607$84,269,864
84$135,378,724$36,005,709$23,911,981$91,859,287
85$149,068,263$37,650,898$24,593,941$100,184,579
86$164,150,382$39,372,949$25,294,995$109,319,259
87$180,767,009$41,175,511$26,015,664$119,344,276
88$199,074,540$43,062,407$26,756,485$130,348,769
89$219,245,322$45,037,643$27,518,006$142,430,894
90$241,469,276$47,105,420$28,300,792$155,698,750
91$265,955,694$49,270,137$29,105,419$170,271,378
92$292,935,207$51,536,406$29,932,484$186,279,883
93$322,661,970$53,909,062$30,782,594$203,868,658
94$355,416,055$56,393,170$31,656,374$223,196,732
95$391,506,098$58,994,040$32,554,468$244,439,264
96$431,272,209$61,717,237$33,477,532$267,789,180
97$475,089,187$64,568,594$34,426,242$293,458,986
98$523,370,054$67,554,225$35,401,291$321,682,754
99$576,569,955$70,680,538$36,403,389$352,718,323
100$635,190,455$73,954,249$37,433,268$386,849,711