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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$949,659$941,200$932,947$924,892$917,026$895,949
2 years$470,128$461,373$452,887$444,660$436,679$415,561
3 years$310,306$301,512$293,048$284,898$277,047$256,547
4 years$230,410$221,643$213,264$205,253$197,592$177,869
5 years$182,485$173,771$165,501$157,654$150,207$131,314
6 years$150,546$141,897$133,750$126,077$118,853$100,812
7 years$127,741$119,165$111,147$103,655$96,660$79,472
8 years$110,645$102,146$94,261$86,953$80,188$63,848
9 years$97,355$88,937$81,187$74,065$67,530$52,025
10 years$86,729$78,393$70,781$63,845$57,539$42,852
11 years$78,041$69,789$62,314$55,564$49,486$35,596
12 years$70,806$62,639$55,302$48,737$42,883$29,770
13 years$64,689$56,607$49,409$43,028$37,395$25,033
14 years$59,451$51,454$44,394$38,195$32,780$21,144
15 years$54,914$47,005$40,082$34,063$28,862$17,924
16 years$50,949$43,126$36,340$30,500$25,509$15,242
17 years$47,454$39,717$33,068$27,404$22,618$12,994
18 years$44,351$36,701$30,187$24,697$20,111$11,101
19 years$41,578$34,014$27,635$22,315$17,925$9,501
20 years$39,085$31,607$25,362$20,211$16,011$8,144
21 years$36,832$29,441$23,328$18,343$14,328$6,990
22 years$34,787$27,482$21,500$16,678$12,843$6,006
23 years$32,923$25,703$19,852$15,189$11,529$5,166
24 years$31,216$24,082$18,359$13,853$10,362$4,447
25 years$29,649$22,600$17,005$12,651$9,324$3,830
26 years$28,204$21,240$15,771$11,568$8,399$3,301
27 years$26,869$19,990$14,645$10,588$7,572$2,846
28 years$25,631$18,836$13,614$9,701$6,833$2,456
29 years$24,481$17,770$12,669$8,896$6,170$2,119
30 years$23,409$16,782$11,801$8,164$5,575$1,829
31 years$22,408$15,864$11,002$7,498$5,040$1,580
32 years$21,472$15,011$10,265$6,891$4,559$1,365
33 years$20,595$14,215$9,584$6,337$4,126$1,179
34 years$19,771$13,473$8,955$5,831$3,736$1,019
35 years$18,995$12,779$8,372$5,367$3,384$880
36 years$18,265$12,129$7,832$4,943$3,066$761
37 years$17,575$11,520$7,331$4,555$2,779$658
38 years$16,923$10,948$6,865$4,198$2,519$569
39 years$16,307$10,410$6,432$3,871$2,284$492
40 years$15,722$9,905$6,028$3,570$2,072$425
41 years$15,168$9,428$5,653$3,294$1,880$368
42 years$14,641$8,979$5,302$3,040$1,706$318
43 years$14,140$8,555$4,976$2,806$1,548$275
44 years$13,664$8,155$4,670$2,591$1,405$238
45 years$13,209$7,777$4,385$2,393$1,276$206
46 years$12,776$7,419$4,119$2,210$1,158$178
47 years$12,363$7,080$3,870$2,042$1,052$154
48 years$11,967$6,758$3,636$1,887$955$133
49 years$11,590$6,454$3,418$1,744$867$115
50 years$11,228$6,165$3,213$1,612$788$100

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 $2,474 every year, while hoping to spend $59,345 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: 29/43/28 Blend
58$11,500,000$11,500,000$11,500,000$11,500,000
59$12,675,552$12,066,052$11,887,802$12,933,426
60$13,905,316$12,594,146$12,222,901$13,665,556
61$15,258,526$13,146,127$12,567,236$14,446,760
62$16,747,713$13,723,104$12,921,055$15,285,443
63$18,386,680$14,326,237$13,284,611$16,186,612
64$20,190,639$14,956,740$13,658,163$17,155,751
65$22,176,350$15,615,886$14,041,978$18,198,869
66$24,362,280$16,305,008$14,436,327$19,322,547
67$26,768,780$17,025,501$14,841,491$20,534,000
68$29,418,272$17,778,826$15,257,757$21,841,134
69$32,335,463$18,566,516$15,685,419$23,252,623
70$35,547,578$19,390,173$16,124,779$24,777,977
71$39,084,616$20,251,477$16,576,144$26,427,631
72$42,979,635$21,152,187$17,039,833$28,213,035
73$47,269,060$22,094,146$17,516,169$30,146,754
74$51,993,029$23,079,285$18,005,486$32,242,584
75$57,195,773$24,109,624$18,508,125$34,515,670
76$62,926,030$25,187,284$19,024,435$36,982,645
77$69,237,505$26,314,481$19,554,774$39,661,778
78$76,189,382$27,493,542$20,099,510$42,573,135
79$83,846,874$28,726,900$20,659,018$45,738,766
80$92,281,844$30,017,108$21,233,685$49,182,900
81$101,573,483$31,366,837$21,823,904$52,932,165
82$111,809,055$32,778,888$22,430,081$57,015,827
83$123,084,719$34,256,194$23,052,630$61,466,062
84$135,506,443$35,801,830$23,691,975$66,318,243
85$149,190,995$37,419,015$24,348,551$71,611,267
86$164,267,052$39,111,122$25,022,803$77,387,907
87$180,876,413$40,881,689$25,715,189$83,695,206
88$199,175,333$42,734,418$26,426,174$90,584,906
89$219,336,003$44,673,190$27,156,237$98,113,925
90$241,548,173$46,702,074$27,905,868$106,344,880
91$266,020,940$48,825,329$28,675,568$115,346,663
92$292,984,727$51,047,422$29,465,851$125,195,074
93$322,693,455$53,373,031$30,277,243$135,973,524
94$355,426,938$55,807,060$31,110,281$147,773,805
95$391,493,527$58,354,647$31,965,517$160,696,936
96$431,233,019$61,021,177$32,843,513$174,854,103
97$475,019,864$63,812,292$33,744,849$190,367,684
98$523,266,702$66,733,906$34,670,112$207,372,390
99$576,428,253$69,792,215$35,619,909$226,016,510
100$635,005,616$72,993,714$36,594,857$246,463,295