Can I retire at age 59 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$974,433$965,753$957,285$949,019$940,949$929,190
2 years$482,393$473,408$464,701$456,259$448,071$436,240
3 years$318,401$309,378$300,693$292,330$284,274$272,738
4 years$236,421$227,425$218,827$210,607$202,747$191,594
5 years$187,245$178,304$169,819$161,766$154,125$143,388
6 years$154,473$145,599$137,239$129,366$121,954$111,645
7 years$131,073$122,274$114,046$106,359$99,181$89,305
8 years$113,531$104,811$96,720$89,222$82,280$72,836
9 years$99,894$91,257$83,305$75,997$69,292$60,276
10 years$88,992$80,438$72,627$65,510$59,040$50,445
11 years$80,077$71,610$63,940$57,014$50,777$42,595
12 years$72,653$64,273$56,745$50,009$44,002$36,225
13 years$66,377$58,084$50,698$44,150$38,370$30,989
14 years$61,001$52,797$45,552$39,192$33,635$26,638
15 years$56,347$48,231$41,128$34,952$29,615$22,990
16 years$52,278$44,251$37,288$31,296$26,174$19,909
17 years$48,692$40,753$33,931$28,119$23,208$17,291
18 years$45,508$37,658$30,974$25,341$20,635$15,054
19 years$42,662$34,901$28,356$22,898$18,393$13,134
20 years$40,104$32,432$26,023$20,738$16,429$11,479
21 years$37,793$30,209$23,936$18,821$14,702$10,049
22 years$35,695$28,199$22,061$17,113$13,178$8,808
23 years$33,782$26,374$20,370$15,585$11,829$7,730
24 years$32,031$24,711$18,838$14,214$10,633$6,791
25 years$30,422$23,190$17,448$12,981$9,568$5,971
26 years$28,940$21,795$16,182$11,870$8,618$5,254
27 years$27,570$20,511$15,027$10,864$7,770$4,627
28 years$26,300$19,328$13,969$9,954$7,011$4,076
29 years$25,119$18,233$13,000$9,128$6,331$3,593
30 years$24,020$17,219$12,109$8,377$5,720$3,169
31 years$22,993$16,278$11,289$7,694$5,172$2,796
32 years$22,033$15,402$10,532$7,071$4,678$2,468
33 years$21,132$14,586$9,834$6,502$4,234$2,179
34 years$20,286$13,825$9,188$5,983$3,833$1,924
35 years$19,491$13,112$8,591$5,507$3,472$1,700
36 years$18,741$12,446$8,036$5,072$3,146$1,502
37 years$18,034$11,820$7,522$4,673$2,851$1,327
38 years$17,365$11,234$7,044$4,308$2,585$1,173
39 years$16,732$10,682$6,599$3,972$2,344$1,037
40 years$16,132$10,163$6,186$3,663$2,126$917
41 years$15,564$9,674$5,800$3,380$1,929$810
42 years$15,023$9,213$5,441$3,119$1,750$717
43 years$14,509$8,779$5,105$2,879$1,588$634
44 years$14,020$8,368$4,792$2,659$1,442$561
45 years$13,554$7,979$4,500$2,455$1,309$496
46 years$13,109$7,612$4,226$2,268$1,188$439
47 years$12,685$7,264$3,971$2,095$1,079$388
48 years$12,280$6,935$3,731$1,936$980$343
49 years$11,892$6,622$3,507$1,789$890$304
50 years$11,521$6,326$3,297$1,654$808$269

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,800,000, adding $6,267 every year, while hoping to spend $29,933 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: 40/43/17 Blend
58$11,800,000$11,800,000$11,800,000$11,800,000
59$13,010,064$12,384,664$12,201,764$13,464,539
60$14,305,243$12,959,664$12,578,675$14,363,629
61$15,731,526$13,561,836$12,967,209$15,332,287
62$17,302,255$14,192,480$13,367,724$16,379,567
63$19,032,131$14,852,957$13,780,589$17,512,629
64$20,937,353$15,544,697$14,206,183$18,739,323
65$23,035,772$16,269,197$14,644,900$20,068,263
66$25,347,059$17,028,025$15,097,142$21,508,899
67$27,892,888$17,822,828$15,563,325$23,071,600
68$30,697,145$18,655,329$16,043,880$24,767,748
69$33,786,151$19,527,337$16,539,247$26,609,839
70$37,188,910$20,440,748$17,049,882$28,611,593
71$40,937,381$21,397,547$17,576,256$30,788,076
72$45,066,786$22,399,819$18,118,853$33,155,839
73$49,615,934$23,449,746$18,678,170$35,733,062
74$54,627,594$24,549,618$19,254,724$38,539,721
75$60,148,895$25,701,836$19,849,043$41,597,764
76$66,231,771$26,908,914$20,461,675$44,931,317
77$72,933,453$28,173,492$21,093,181$48,566,895
78$80,317,006$29,498,334$21,744,144$52,533,648
79$88,451,928$30,886,340$22,415,161$56,863,622
80$97,414,804$32,340,550$23,106,848$61,592,057
81$107,290,028$33,864,151$23,819,841$66,757,701
82$118,170,601$35,460,484$24,554,796$72,403,173
83$130,159,007$37,133,053$25,312,386$78,575,347
84$143,368,183$38,885,530$26,093,309$85,325,784
85$157,922,583$40,721,766$26,898,280$92,711,207
86$173,959,354$42,645,800$27,728,040$100,794,022
87$191,629,628$44,661,865$28,583,349$109,642,890
88$211,099,953$46,774,399$29,464,994$119,333,367
89$232,553,860$48,988,056$30,373,783$129,948,595
90$256,193,599$51,307,716$31,310,551$141,580,073
91$282,242,048$53,738,496$32,276,156$154,328,506
92$310,944,815$56,285,761$33,271,485$168,304,732
93$342,572,558$58,955,134$34,297,451$183,630,755
94$377,423,538$61,752,516$35,354,996$200,440,876
95$415,826,439$64,684,089$36,445,088$218,882,938
96$458,143,466$67,756,339$37,568,728$239,119,701
97$504,773,765$70,976,065$38,726,946$261,330,359
98$556,157,194$74,350,397$39,920,804$285,712,203
99$612,778,472$77,886,811$41,151,395$312,482,462
100$675,171,759$81,593,147$42,419,849$341,880,328