Can I retire at age 59 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$957,917$949,385$941,060$932,934$925,000$919,556
2 years$474,216$465,385$456,825$448,526$440,476$434,984
3 years$313,004$304,134$295,596$287,375$279,456$274,086
4 years$232,413$223,571$215,118$207,038$199,311$194,103
5 years$184,072$175,282$166,941$159,025$151,513$146,484
6 years$151,855$143,131$134,913$127,173$119,887$115,043
7 years$128,851$120,201$112,113$104,556$97,500$92,843
8 years$111,607$103,035$95,081$87,710$80,886$76,416
9 years$98,201$89,710$81,893$74,709$68,118$63,834
10 years$87,483$79,075$71,396$64,400$58,040$53,941
11 years$78,720$70,396$62,856$56,047$49,916$45,999
12 years$71,422$63,184$55,783$49,161$43,256$39,517
13 years$65,252$57,100$49,839$43,402$37,720$34,155
14 years$59,968$51,902$44,780$38,527$33,065$29,671
15 years$55,392$47,413$40,431$34,360$29,113$25,885
16 years$51,392$43,501$36,656$30,765$25,730$22,663
17 years$47,867$40,063$33,356$27,642$22,814$19,904
18 years$44,737$37,020$30,449$24,911$20,285$17,526
19 years$41,939$34,309$27,875$22,509$18,081$15,468
20 years$39,425$31,882$25,582$20,387$16,150$13,679
21 years$37,153$29,697$23,531$18,502$14,453$12,117
22 years$35,090$27,721$21,687$16,823$12,955$10,750
23 years$33,209$25,927$20,024$15,321$11,629$9,550
24 years$31,488$24,292$18,519$13,973$10,452$8,493
25 years$29,907$22,797$17,152$12,761$9,405$7,561
26 years$28,449$21,425$15,908$11,668$8,472$6,738
27 years$27,102$20,164$14,772$10,680$7,638$6,009
28 years$25,854$19,000$13,732$9,785$6,892$5,362
29 years$24,694$17,924$12,779$8,973$6,223$4,789
30 years$23,613$16,928$11,903$8,235$5,623$4,279
31 years$22,603$16,002$11,097$7,564$5,084$3,825
32 years$21,659$15,141$10,354$6,951$4,599$3,421
33 years$20,774$14,339$9,667$6,392$4,162$3,060
34 years$19,943$13,590$9,033$5,881$3,768$2,739
35 years$19,160$12,890$8,445$5,414$3,413$2,452
36 years$18,423$12,235$7,900$4,986$3,092$2,196
37 years$17,728$11,620$7,394$4,594$2,803$1,967
38 years$17,071$11,043$6,924$4,235$2,541$1,762
39 years$16,449$10,501$6,487$3,904$2,304$1,579
40 years$15,859$9,991$6,081$3,601$2,090$1,415
41 years$15,300$9,510$5,702$3,323$1,896$1,269
42 years$14,768$9,057$5,348$3,066$1,720$1,138
43 years$14,263$8,630$5,019$2,831$1,561$1,020
44 years$13,782$8,226$4,711$2,614$1,417$915
45 years$13,324$7,844$4,423$2,414$1,287$820
46 years$12,887$7,483$4,155$2,230$1,168$736
47 years$12,470$7,141$3,903$2,060$1,061$660
48 years$12,072$6,817$3,668$1,903$963$592
49 years$11,690$6,510$3,448$1,759$875$531
50 years$11,326$6,219$3,241$1,626$795$477

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,600,000, adding $4,688 every year, while hoping to spend $29,676 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: 66/18/16 Blend
58$11,600,000$11,600,000$11,600,000$11,600,000
59$12,788,036$12,173,236$11,993,436$13,582,385
60$14,060,840$12,738,149$12,363,641$14,678,973
61$15,462,476$13,329,749$12,745,253$15,873,301
62$17,006,053$13,949,311$13,138,623$17,178,092
63$18,706,017$14,598,173$13,544,113$18,604,166
64$20,578,285$15,277,738$13,962,096$20,163,426
65$22,640,399$15,989,476$14,392,955$21,868,972
66$24,911,687$16,734,928$14,837,086$23,735,217
67$27,413,448$17,515,708$15,294,897$25,778,026
68$30,169,153$18,333,511$15,766,810$28,014,859
69$33,204,665$19,190,112$16,253,256$30,464,934
70$36,548,485$20,087,371$16,754,684$33,149,405
71$40,232,017$21,027,240$17,271,553$36,091,558
72$44,289,872$22,011,763$17,804,339$39,317,030
73$48,760,184$23,043,085$18,353,530$42,854,043
74$53,684,980$24,123,453$18,919,630$46,733,672
75$59,110,569$25,255,223$19,503,159$50,990,131
76$65,087,985$26,440,867$20,104,653$55,661,090
77$71,673,463$27,682,974$20,724,663$60,788,033
78$78,928,976$28,984,258$21,363,758$66,416,638
79$86,922,812$30,347,568$22,022,524$72,597,211
80$95,730,227$31,775,886$22,701,567$79,385,147
81$105,434,148$33,272,343$23,401,507$86,841,457
82$116,125,962$34,840,219$24,122,989$95,033,333
83$127,906,373$36,482,952$24,866,672$104,034,779
84$140,886,356$38,204,150$25,633,238$113,927,301
85$155,188,204$40,007,593$26,423,391$124,800,678
86$170,946,680$41,897,244$27,237,854$136,753,792
87$188,310,293$43,877,261$28,077,375$149,895,567
88$207,442,698$45,952,001$28,942,721$164,345,981
89$228,524,237$48,126,034$29,834,686$180,237,195
90$251,753,648$50,404,148$30,754,087$197,714,795
91$277,349,937$52,791,369$31,701,766$216,939,157
92$305,554,446$55,292,961$32,678,591$238,086,951
93$336,633,132$57,914,449$33,685,456$261,352,804
94$370,879,077$60,661,622$34,723,284$286,951,126
95$408,615,252$63,540,551$35,793,023$315,118,126
96$450,197,572$66,557,602$36,895,654$346,114,030
97$496,018,252$69,719,452$38,032,186$380,225,531
98$546,509,507$73,033,098$39,203,657$417,768,483
99$602,147,638$76,505,882$40,411,141$459,090,873
100$663,457,525$80,145,497$41,655,742$504,576,091