Can I retire at age 59 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$966,175$957,569$949,172$940,977$932,974$907,110
2 years$478,304$469,397$460,763$452,393$444,274$418,409
3 years$315,702$306,756$298,144$289,852$281,865$256,810
4 years$234,417$225,498$216,973$208,822$201,029$176,975
5 years$185,659$176,793$168,380$160,396$152,819$129,833
6 years$153,164$144,365$136,076$128,270$120,920$99,024
7 years$129,962$121,237$113,080$105,458$98,341$77,534
8 years$112,569$103,923$95,901$88,466$81,583$61,855
9 years$99,048$90,484$82,599$75,353$68,705$50,037
10 years$88,237$79,757$72,012$64,955$58,540$40,908
11 years$79,398$71,003$63,398$56,530$50,346$33,722
12 years$72,038$63,728$56,264$49,585$43,629$27,981
13 years$65,814$57,592$50,268$43,776$38,045$23,340
14 years$60,484$52,349$45,166$38,859$33,350$19,552
15 years$55,870$47,822$40,779$34,656$29,364$16,437
16 years$51,835$43,876$36,972$31,030$25,952$13,857
17 years$48,280$40,408$33,643$27,881$23,011$11,711
18 years$45,122$37,339$30,712$25,126$20,460$9,917
19 years$42,301$34,605$28,115$22,704$18,237$8,412
20 years$39,765$32,157$25,803$20,562$16,289$7,145
21 years$37,473$29,953$23,734$18,662$14,577$6,076
22 years$35,392$27,960$21,874$16,968$13,066$5,173
23 years$33,495$26,150$20,197$15,453$11,729$4,407
24 years$31,759$24,501$18,679$14,094$10,542$3,758
25 years$30,164$22,993$17,300$12,871$9,487$3,206
26 years$28,695$21,610$16,045$11,769$8,545$2,736
27 years$27,336$20,337$14,899$10,772$7,704$2,337
28 years$26,077$19,164$13,851$9,870$6,952$1,996
29 years$24,906$18,079$12,889$9,051$6,277$1,706
30 years$23,816$17,074$12,006$8,306$5,672$1,458
31 years$22,798$16,140$11,193$7,629$5,128$1,247
32 years$21,846$15,272$10,443$7,011$4,638$1,066
33 years$20,953$14,463$9,751$6,447$4,198$912
34 years$20,114$13,707$9,111$5,932$3,801$780
35 years$19,326$13,001$8,518$5,461$3,442$667
36 years$18,582$12,340$7,968$5,029$3,119$571
37 years$17,881$11,720$7,458$4,634$2,827$489
38 years$17,218$11,138$6,984$4,271$2,563$418
39 years$16,590$10,592$6,543$3,938$2,324$358
40 years$15,996$10,077$6,133$3,632$2,108$306
41 years$15,432$9,592$5,751$3,351$1,912$262
42 years$14,896$9,135$5,395$3,093$1,735$224
43 years$14,386$8,704$5,062$2,855$1,575$192
44 years$13,901$8,297$4,752$2,636$1,430$164
45 years$13,439$7,912$4,462$2,435$1,298$141
46 years$12,998$7,548$4,190$2,249$1,178$120
47 years$12,578$7,203$3,937$2,078$1,070$103
48 years$12,176$6,876$3,700$1,920$972$88
49 years$11,791$6,566$3,477$1,774$883$76
50 years$11,423$6,272$3,269$1,640$802$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,700,000, adding $3,054 every year, while hoping to spend $37,962 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: 27/45/28 Blend
58$11,700,000$11,700,000$11,700,000$11,700,000
59$12,896,550$12,276,450$12,095,100$13,132,232
60$14,171,607$12,837,605$12,459,895$13,884,638
61$15,575,447$13,424,984$12,835,638$14,688,416
62$17,121,167$14,039,832$13,222,656$15,550,641
63$18,823,196$14,683,454$13,621,285$16,476,320
64$20,697,436$15,357,217$14,031,872$17,470,929
65$22,761,408$16,062,555$14,454,773$18,540,462
66$25,034,420$16,800,967$14,890,355$19,691,478
67$27,537,746$17,574,030$15,338,998$20,931,160
68$30,294,830$18,383,392$15,801,088$22,267,375
69$33,331,506$19,230,782$16,277,029$23,708,742
70$36,676,242$20,118,012$16,767,231$25,264,706
71$40,360,405$21,046,981$17,272,120$26,945,619
72$44,418,564$22,019,681$17,792,133$28,762,833
73$48,888,809$23,038,196$18,327,721$30,728,797
74$53,813,114$24,104,715$18,879,347$32,857,167
75$59,237,735$25,221,529$19,447,488$35,162,925
76$65,213,641$26,391,041$20,032,635$37,662,514
77$71,796,999$27,615,769$20,635,296$40,373,980
78$79,049,705$28,898,353$21,255,990$43,317,138
79$87,039,962$30,241,561$21,895,253$46,513,741
80$95,842,933$31,648,291$22,553,639$49,987,683
81$105,541,441$33,121,586$23,231,714$53,765,207
82$116,226,756$34,664,632$23,930,065$57,875,143
83$127,999,456$36,280,770$24,649,293$62,349,169
84$140,970,375$37,973,503$25,390,019$67,222,095
85$155,261,650$39,746,500$26,152,881$72,532,179
86$171,007,872$41,603,612$26,938,536$78,321,476
87$188,357,358$43,548,873$27,747,661$84,636,215
88$207,473,553$45,586,513$28,580,952$91,527,226
89$228,536,568$47,720,964$29,439,126$99,050,401
90$251,744,883$49,956,876$30,322,922$107,267,202
91$277,317,219$52,299,122$31,233,098$116,245,229
92$305,494,607$54,752,810$32,170,438$126,058,836
93$336,542,655$57,323,296$33,135,746$136,789,814
94$370,754,064$60,016,195$34,129,851$148,528,142
95$408,451,384$62,837,394$35,153,607$161,372,820
96$449,990,064$65,793,065$36,207,891$175,432,774
97$495,761,803$68,889,678$37,293,608$190,827,867
98$546,198,251$72,134,016$38,411,688$207,690,004
99$601,775,082$75,533,193$39,563,090$226,164,352
100$663,016,485$79,094,664$40,748,798$246,410,684