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%11.6%
1 years$974,433$965,753$957,285$949,019$940,949$934,627
2 years$482,393$473,408$464,701$456,259$448,071$441,695
3 years$318,401$309,378$300,693$292,330$284,274$278,042
4 years$236,421$227,425$218,827$210,607$202,747$196,706
5 years$187,245$178,304$169,819$161,766$154,125$148,294
6 years$154,473$145,599$137,239$129,366$121,954$116,339
7 years$131,073$122,274$114,046$106,359$99,181$93,786
8 years$113,531$104,811$96,720$89,222$82,280$77,105
9 years$99,894$91,257$83,305$75,997$69,292$64,334
10 years$88,992$80,438$72,627$65,510$59,040$54,298
11 years$80,077$71,610$63,940$57,014$50,777$46,247
12 years$72,653$64,273$56,745$50,009$44,002$39,680
13 years$66,377$58,084$50,698$44,150$38,370$34,253
14 years$61,001$52,797$45,552$39,192$33,635$29,717
15 years$56,347$48,231$41,128$34,952$29,615$25,890
16 years$52,278$44,251$37,288$31,296$26,174$22,637
17 years$48,692$40,753$33,931$28,119$23,208$19,853
18 years$45,508$37,658$30,974$25,341$20,635$17,457
19 years$42,662$34,901$28,356$22,898$18,393$15,385
20 years$40,104$32,432$26,023$20,738$16,429$13,586
21 years$37,793$30,209$23,936$18,821$14,702$12,017
22 years$35,695$28,199$22,061$17,113$13,178$10,645
23 years$33,782$26,374$20,370$15,585$11,829$9,443
24 years$32,031$24,711$18,838$14,214$10,633$8,385
25 years$30,422$23,190$17,448$12,981$9,568$7,454
26 years$28,940$21,795$16,182$11,870$8,618$6,631
27 years$27,570$20,511$15,027$10,864$7,770$5,905
28 years$26,300$19,328$13,969$9,954$7,011$5,261
29 years$25,119$18,233$13,000$9,128$6,331$4,691
30 years$24,020$17,219$12,109$8,377$5,720$4,184
31 years$22,993$16,278$11,289$7,694$5,172$3,734
32 years$22,033$15,402$10,532$7,071$4,678$3,334
33 years$21,132$14,586$9,834$6,502$4,234$2,978
34 years$20,286$13,825$9,188$5,983$3,833$2,661
35 years$19,491$13,112$8,591$5,507$3,472$2,378
36 years$18,741$12,446$8,036$5,072$3,146$2,126
37 years$18,034$11,820$7,522$4,673$2,851$1,901
38 years$17,365$11,234$7,044$4,308$2,585$1,701
39 years$16,732$10,682$6,599$3,972$2,344$1,521
40 years$16,132$10,163$6,186$3,663$2,126$1,361
41 years$15,564$9,674$5,800$3,380$1,929$1,218
42 years$15,023$9,213$5,441$3,119$1,750$1,090
43 years$14,509$8,779$5,105$2,879$1,588$976
44 years$14,020$8,368$4,792$2,659$1,442$874
45 years$13,554$7,979$4,500$2,455$1,309$782
46 years$13,109$7,612$4,226$2,268$1,188$700
47 years$12,685$7,264$3,971$2,095$1,079$627
48 years$12,280$6,935$3,731$1,936$980$562
49 years$11,892$6,622$3,507$1,789$890$503
50 years$11,521$6,326$3,297$1,654$808$450

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 $3,535 every year, while hoping to spend $58,721 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: 37/36/27 Blend
58$11,800,000$11,800,000$11,800,000$11,800,000
59$13,007,246$12,381,846$12,198,946$13,383,275
60$14,271,507$12,926,078$12,545,132$14,205,150
61$15,662,754$13,495,009$12,900,948$15,086,683
62$17,193,878$14,089,788$13,266,652$16,037,775
63$18,879,082$14,711,617$13,642,514$17,064,745
64$20,734,018$15,361,755$14,028,808$18,174,527
65$22,775,929$16,041,522$14,425,814$19,374,729
66$25,023,817$16,752,300$14,833,822$20,673,702
67$27,498,618$17,495,535$15,253,127$22,080,610
68$30,223,404$18,272,743$15,684,034$23,605,519
69$33,223,596$19,085,512$16,126,854$25,259,481
70$36,527,206$19,935,505$16,581,906$27,054,634
71$40,165,101$20,824,464$17,049,520$29,004,314
72$44,171,292$21,754,214$17,530,030$31,123,171
73$48,583,259$22,726,666$18,023,781$33,427,306
74$53,442,302$23,743,823$18,531,128$35,934,414
75$58,793,929$24,807,782$19,052,433$38,663,943
76$64,688,288$25,920,742$19,588,068$41,637,275
77$71,180,639$27,085,004$20,138,414$44,877,918
78$78,331,875$28,302,980$20,703,862$48,411,720
79$86,209,098$29,577,198$21,284,813$52,267,107
80$94,886,250$30,910,305$21,881,678$56,475,345
81$104,444,812$32,305,074$22,494,879$61,070,820
82$114,974,573$33,764,412$23,124,847$66,091,361
83$126,574,475$35,291,364$23,772,025$71,578,586
84$139,353,551$36,889,121$24,436,867$77,578,283
85$153,431,950$38,561,024$25,119,839$84,140,834
86$168,942,072$40,310,578$25,821,417$91,321,679
87$186,029,818$42,141,451$26,542,089$99,181,832
88$204,855,968$44,057,490$27,282,357$107,788,441
89$225,597,695$46,062,726$28,042,735$117,215,411
90$248,450,240$48,161,380$28,823,747$127,544,093
91$273,628,755$50,357,877$29,625,932$138,864,033
92$301,370,331$52,656,856$30,449,844$151,273,810
93$331,936,238$55,063,175$31,296,047$164,881,946
94$365,614,390$57,581,928$32,165,121$179,807,921
95$402,722,065$60,218,449$33,057,660$196,183,283
96$443,608,896$62,978,333$33,974,271$214,152,873
97$488,660,172$65,867,440$34,915,578$233,876,177
98$538,300,478$68,891,914$35,882,219$255,528,813
99$592,997,700$72,058,191$36,874,847$279,304,171
100$653,267,442$75,373,018$37,894,130$305,415,218