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%11.9%
1 years$957,917$949,385$941,060$932,934$925,000$917,633
2 years$474,216$465,385$456,825$448,526$440,476$433,050
3 years$313,004$304,134$295,596$287,375$279,456$272,201
4 years$232,413$223,571$215,118$207,038$199,311$192,282
5 years$184,072$175,282$166,941$159,025$151,513$144,732
6 years$151,855$143,131$134,913$127,173$119,887$113,362
7 years$128,851$120,201$112,113$104,556$97,500$91,234
8 years$111,607$103,035$95,081$87,710$80,886$74,879
9 years$98,201$89,710$81,893$74,709$68,118$62,368
10 years$87,483$79,075$71,396$64,400$58,040$52,544
11 years$78,720$70,396$62,856$56,047$49,916$44,670
12 years$71,422$63,184$55,783$49,161$43,256$38,256
13 years$65,252$57,100$49,839$43,402$37,720$32,959
14 years$59,968$51,902$44,780$38,527$33,065$28,538
15 years$55,392$47,413$40,431$34,360$29,113$24,814
16 years$51,392$43,501$36,656$30,765$25,730$21,652
17 years$47,867$40,063$33,356$27,642$22,814$18,950
18 years$44,737$37,020$30,449$24,911$20,285$16,628
19 years$41,939$34,309$27,875$22,509$18,081$14,623
20 years$39,425$31,882$25,582$20,387$16,150$12,884
21 years$37,153$29,697$23,531$18,502$14,453$11,371
22 years$35,090$27,721$21,687$16,823$12,955$10,051
23 years$33,209$25,927$20,024$15,321$11,629$8,895
24 years$31,488$24,292$18,519$13,973$10,452$7,881
25 years$29,907$22,797$17,152$12,761$9,405$6,989
26 years$28,449$21,425$15,908$11,668$8,472$6,203
27 years$27,102$20,164$14,772$10,680$7,638$5,510
28 years$25,854$19,000$13,732$9,785$6,892$4,898
29 years$24,694$17,924$12,779$8,973$6,223$4,356
30 years$23,613$16,928$11,903$8,235$5,623$3,877
31 years$22,603$16,002$11,097$7,564$5,084$3,451
32 years$21,659$15,141$10,354$6,951$4,599$3,074
33 years$20,774$14,339$9,667$6,392$4,162$2,739
34 years$19,943$13,590$9,033$5,881$3,768$2,441
35 years$19,160$12,890$8,445$5,414$3,413$2,176
36 years$18,423$12,235$7,900$4,986$3,092$1,941
37 years$17,728$11,620$7,394$4,594$2,803$1,731
38 years$17,071$11,043$6,924$4,235$2,541$1,544
39 years$16,449$10,501$6,487$3,904$2,304$1,378
40 years$15,859$9,991$6,081$3,601$2,090$1,230
41 years$15,300$9,510$5,702$3,323$1,896$1,098
42 years$14,768$9,057$5,348$3,066$1,720$980
43 years$14,263$8,630$5,019$2,831$1,561$875
44 years$13,782$8,226$4,711$2,614$1,417$781
45 years$13,324$7,844$4,423$2,414$1,287$698
46 years$12,887$7,483$4,155$2,230$1,168$623
47 years$12,470$7,141$3,903$2,060$1,061$556
48 years$12,072$6,817$3,668$1,903$963$497
49 years$11,690$6,510$3,448$1,759$875$444
50 years$11,326$6,219$3,241$1,626$795$397

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 $2,567 every year, while hoping to spend $45,793 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: 37/39/24 Blend
58$11,600,000$11,600,000$11,600,000$11,600,000
59$12,785,848$12,171,048$11,991,248$13,166,736
60$14,041,281$12,718,706$12,344,231$13,993,566
61$15,423,233$13,291,664$12,707,505$14,881,653
62$16,944,562$13,891,114$13,081,365$15,840,035
63$18,619,433$14,518,305$13,466,116$16,875,077
64$20,463,456$15,174,543$13,862,072$17,993,755
65$22,493,833$15,861,199$14,269,556$19,203,723
66$24,729,515$16,579,710$14,688,897$20,513,380
67$27,191,388$17,331,578$15,120,438$21,931,940
68$29,902,466$18,118,381$15,564,529$23,469,520
69$32,888,106$18,941,771$16,021,529$25,137,224
70$36,176,253$19,803,478$16,491,811$26,947,246
71$39,797,698$20,705,315$16,975,753$28,912,978
72$43,786,372$21,649,184$17,473,749$31,049,129
73$48,179,663$22,637,075$17,986,201$33,371,859
74$53,018,773$23,671,077$18,513,524$35,898,924
75$58,349,103$24,753,375$19,056,142$38,649,837
76$64,220,683$25,886,262$19,614,494$41,646,042
77$70,688,643$27,072,139$20,189,030$44,911,114
78$77,813,735$28,313,524$20,780,213$48,470,968
79$85,662,904$29,613,054$21,388,518$52,354,097
80$94,309,922$30,973,495$22,014,435$56,591,834
81$103,836,081$32,397,744$22,658,466$61,218,635
82$114,330,965$33,888,837$23,321,128$66,272,398
83$125,893,291$35,449,957$24,002,953$71,794,807
84$138,631,841$37,084,440$24,704,487$77,831,719
85$152,666,493$38,795,782$25,426,291$84,433,581
86$168,129,347$40,587,647$26,168,944$91,655,898
87$185,165,975$42,463,876$26,933,037$99,559,746
88$203,936,792$44,428,494$27,719,182$108,212,329
89$224,618,576$46,485,721$28,528,006$117,687,610
90$247,406,129$48,639,979$29,360,152$128,066,986
91$272,514,120$50,895,905$30,216,284$139,440,047
92$300,179,113$53,258,356$31,097,081$151,905,407
93$330,661,794$55,732,428$32,003,245$165,571,617
94$364,249,438$58,323,457$32,935,495$180,558,171
95$401,258,616$61,037,042$33,894,569$196,996,622
96$442,038,185$63,879,047$34,881,228$215,031,803
97$486,972,583$66,855,624$35,896,252$234,823,172
98$536,485,455$69,973,218$36,940,445$256,546,305
99$591,043,652$73,238,586$38,014,630$280,394,523
100$651,161,641$76,658,813$39,119,656$306,580,705