Can I retire at age 59 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$949,659$941,200$932,947$924,892$917,026$882,036
2 years$470,128$461,373$452,887$444,660$436,679$401,839
3 years$310,306$301,512$293,048$284,898$277,047$243,453
4 years$230,410$221,643$213,264$205,253$197,592$165,500
5 years$182,485$173,771$165,501$157,654$150,207$119,699
6 years$150,546$141,897$133,750$126,077$118,853$89,952
7 years$127,741$119,165$111,147$103,655$96,660$69,354
8 years$110,645$102,146$94,261$86,953$80,188$54,454
9 years$97,355$88,937$81,187$74,065$67,530$43,330
10 years$86,729$78,393$70,781$63,845$57,539$34,828
11 years$78,041$69,789$62,314$55,564$49,486$28,212
12 years$70,806$62,639$55,302$48,737$42,883$22,993
13 years$64,689$56,607$49,409$43,028$37,395$18,830
14 years$59,451$51,454$44,394$38,195$32,780$15,481
15 years$54,914$47,005$40,082$34,063$28,862$12,767
16 years$50,949$43,126$36,340$30,500$25,509$10,556
17 years$47,454$39,717$33,068$27,404$22,618$8,746
18 years$44,351$36,701$30,187$24,697$20,111$7,259
19 years$41,578$34,014$27,635$22,315$17,925$6,033
20 years$39,085$31,607$25,362$20,211$16,011$5,019
21 years$36,832$29,441$23,328$18,343$14,328$4,180
22 years$34,787$27,482$21,500$16,678$12,843$3,484
23 years$32,923$25,703$19,852$15,189$11,529$2,906
24 years$31,216$24,082$18,359$13,853$10,362$2,425
25 years$29,649$22,600$17,005$12,651$9,324$2,025
26 years$28,204$21,240$15,771$11,568$8,399$1,691
27 years$26,869$19,990$14,645$10,588$7,572$1,413
28 years$25,631$18,836$13,614$9,701$6,833$1,181
29 years$24,481$17,770$12,669$8,896$6,170$987
30 years$23,409$16,782$11,801$8,164$5,575$825
31 years$22,408$15,864$11,002$7,498$5,040$690
32 years$21,472$15,011$10,265$6,891$4,559$577
33 years$20,595$14,215$9,584$6,337$4,126$483
34 years$19,771$13,473$8,955$5,831$3,736$404
35 years$18,995$12,779$8,372$5,367$3,384$338
36 years$18,265$12,129$7,832$4,943$3,066$282
37 years$17,575$11,520$7,331$4,555$2,779$236
38 years$16,923$10,948$6,865$4,198$2,519$198
39 years$16,307$10,410$6,432$3,871$2,284$165
40 years$15,722$9,905$6,028$3,570$2,072$138
41 years$15,168$9,428$5,653$3,294$1,880$116
42 years$14,641$8,979$5,302$3,040$1,706$97
43 years$14,140$8,555$4,976$2,806$1,548$81
44 years$13,664$8,155$4,670$2,591$1,405$68
45 years$13,209$7,777$4,385$2,393$1,276$57
46 years$12,776$7,419$4,119$2,210$1,158$48
47 years$12,363$7,080$3,870$2,042$1,052$40
48 years$11,967$6,758$3,636$1,887$955$33
49 years$11,590$6,454$3,418$1,744$867$28
50 years$11,228$6,165$3,213$1,612$788$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,500,000, adding $5,209 every year, while hoping to spend $31,651 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: 84/6/10 Blend
58$11,500,000$11,500,000$11,500,000$11,500,000
59$12,678,373$12,068,873$11,890,623$13,724,133
60$13,937,891$12,626,571$12,255,283$14,966,424
61$15,324,818$13,210,536$12,631,097$16,325,968
62$16,852,118$13,822,021$13,018,408$17,818,375
63$18,534,074$14,462,340$13,417,564$19,456,986
64$20,386,425$15,132,870$13,828,928$21,256,495
65$22,426,516$15,835,056$14,252,872$23,233,086
66$24,673,456$16,570,409$14,689,779$25,404,586
67$27,148,307$17,340,517$15,140,045$27,790,629
68$29,874,274$18,147,043$15,604,077$30,412,844
69$32,876,931$18,991,729$16,082,294$33,295,056
70$36,184,456$19,876,402$16,575,129$36,463,511
71$39,827,902$20,802,977$17,083,027$39,947,119
72$43,841,488$21,773,463$17,606,448$43,777,731
73$48,262,920$22,789,963$18,145,865$47,990,431
74$53,133,751$23,854,684$18,701,764$52,623,873
75$58,499,769$24,969,939$19,274,649$57,720,641
76$64,411,432$26,138,152$19,865,036$63,327,648
77$70,924,342$27,361,865$20,473,458$69,496,580
78$78,099,771$28,643,743$21,100,466$76,284,379
79$86,005,240$29,986,579$21,746,624$83,753,783
80$94,715,155$31,393,302$22,412,516$91,973,912
81$104,311,509$32,866,982$23,098,743$101,020,921
82$114,884,656$34,410,837$23,805,924$110,978,717
83$126,534,166$36,028,242$24,534,697$121,939,746
84$139,369,760$37,722,736$25,285,719$134,005,867
85$153,512,352$39,498,026$26,059,667$147,289,312
86$169,095,185$41,358,003$26,857,239$161,913,736
87$186,265,091$43,306,742$27,679,154$178,015,392
88$205,183,877$45,348,519$28,526,152$195,744,406
89$226,029,851$47,487,815$29,398,997$215,266,195
90$248,999,506$49,729,329$30,298,474$236,763,028
91$274,309,377$52,077,987$31,225,394$260,435,738
92$302,198,080$54,538,955$32,180,591$286,505,621
93$332,928,569$57,117,648$33,164,926$315,216,517
94$366,790,616$59,819,746$34,179,283$346,837,111
95$404,103,546$62,651,201$35,224,577$381,663,468
96$445,219,255$65,618,256$36,301,747$420,021,818
97$490,525,525$68,727,458$37,411,762$462,271,637
98$540,449,694$71,985,668$38,555,621$508,809,039
99$595,462,680$75,400,083$39,734,352$560,070,502
100$656,083,435$78,978,249$40,949,015$616,536,995