Can I retire at age 59 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$982,691$973,938$965,398$957,062$948,923$911,993
2 years$486,481$477,420$468,640$460,126$451,868$415,108
3 years$321,099$311,999$303,241$294,807$286,684$251,251
4 years$238,424$229,353$220,682$212,392$204,465$170,629
5 years$188,832$179,815$171,258$163,137$155,431$123,279
6 years$155,782$146,833$138,402$130,462$122,987$92,539
7 years$132,184$123,310$115,013$107,260$100,022$71,268
8 years$114,493$105,699$97,540$89,978$82,978$55,890
9 years$100,741$92,030$84,011$76,641$69,879$44,418
10 years$89,746$81,120$73,243$66,065$59,541$35,657
11 years$80,756$72,217$64,482$57,497$51,207$28,846
12 years$73,269$64,818$57,226$50,432$44,375$23,478
13 years$66,939$58,576$51,128$44,524$38,696$19,201
14 years$61,518$53,244$45,938$39,524$33,920$15,764
15 years$56,825$48,640$41,476$35,248$29,866$12,982
16 years$52,721$44,626$37,604$31,561$26,396$10,718
17 years$49,105$41,099$34,218$28,357$23,404$8,867
18 years$45,894$37,977$31,237$25,556$20,810$7,348
19 years$43,024$35,197$28,596$23,092$18,548$6,098
20 years$40,444$32,707$26,244$20,914$16,568$5,066
21 years$38,113$30,465$24,139$18,981$14,826$4,213
22 years$35,997$28,438$22,248$17,258$13,290$3,506
23 years$34,068$26,597$20,542$15,717$11,930$2,919
24 years$32,302$24,920$18,998$14,335$10,723$2,432
25 years$30,680$23,386$17,596$13,091$9,649$2,028
26 years$29,185$21,979$16,319$11,970$8,691$1,691
27 years$27,803$20,685$15,154$10,957$7,836$1,410
28 years$26,523$19,491$14,088$10,039$7,070$1,177
29 years$25,332$18,388$13,110$9,206$6,384$982
30 years$24,223$17,365$12,211$8,448$5,769$820
31 years$23,188$16,416$11,384$7,759$5,215$684
32 years$22,219$15,533$10,622$7,131$4,718$571
33 years$21,311$14,710$9,917$6,557$4,270$477
34 years$20,458$13,942$9,266$6,033$3,866$398
35 years$19,656$13,223$8,663$5,554$3,501$333
36 years$18,900$12,551$8,104$5,115$3,172$278
37 years$18,186$11,921$7,586$4,713$2,875$232
38 years$17,512$11,329$7,104$4,344$2,607$194
39 years$16,874$10,773$6,655$4,005$2,364$162
40 years$16,269$10,249$6,238$3,694$2,144$135
41 years$15,695$9,756$5,849$3,409$1,945$113
42 years$15,150$9,292$5,487$3,146$1,765$94
43 years$14,632$8,853$5,149$2,904$1,602$79
44 years$14,139$8,439$4,833$2,681$1,454$66
45 years$13,669$8,047$4,538$2,476$1,320$55
46 years$13,221$7,677$4,262$2,287$1,198$46
47 years$12,793$7,326$4,004$2,113$1,088$38
48 years$12,384$6,994$3,763$1,953$988$32
49 years$11,993$6,678$3,537$1,805$898$27
50 years$11,619$6,379$3,325$1,668$815$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,900,000, adding $4,036 every year, while hoping to spend $24,806 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: 88/6/6 Blend
58$11,900,000$11,900,000$11,900,000$11,900,000
59$13,117,963$12,487,263$12,302,813$14,269,727
60$14,429,602$13,072,746$12,688,564$15,605,367
61$15,874,197$13,686,085$13,086,406$17,069,630
62$17,465,282$14,328,621$13,496,718$18,678,567
63$19,217,774$15,001,757$13,919,891$20,446,755
64$21,148,108$15,706,963$14,356,328$22,390,251
65$23,274,394$16,445,784$14,806,445$24,526,741
66$25,616,591$17,219,836$15,270,669$26,875,707
67$28,196,690$18,030,815$15,749,444$29,458,611
68$31,038,927$18,880,499$16,243,224$32,299,094
69$34,170,006$19,770,752$16,752,481$35,423,202
70$37,619,356$20,703,528$17,277,698$38,859,625
71$41,419,406$21,680,877$17,819,377$42,639,973
72$45,605,892$22,704,947$18,378,033$46,799,068
73$50,218,193$23,777,989$18,954,197$51,375,272
74$55,299,705$24,902,366$19,548,419$56,410,853
75$60,898,247$26,080,555$20,161,263$61,952,374
76$67,066,517$27,315,151$20,793,314$68,051,140
77$73,862,584$28,608,876$21,445,173$74,763,673
78$81,350,443$29,964,586$22,117,461$82,152,248
79$89,600,609$31,385,272$22,810,817$90,285,481
80$98,690,794$32,874,073$23,525,902$99,238,968
81$108,706,632$34,434,279$24,263,397$109,096,005
82$119,742,491$36,069,341$25,024,003$119,948,366
83$131,902,362$37,782,876$25,808,445$131,897,172
84$145,300,844$39,578,678$26,617,468$145,053,839
85$160,064,220$41,460,724$27,451,844$159,541,133
86$176,331,656$43,433,185$28,312,366$175,494,320
87$194,256,508$45,500,434$29,199,853$193,062,447
88$214,007,775$47,667,058$30,115,151$212,409,742
89$235,771,689$49,937,865$31,059,130$233,717,164
90$259,753,479$52,317,897$32,032,688$257,184,107
91$286,179,303$54,812,444$33,036,753$283,030,283
92$315,298,387$57,427,049$34,072,279$311,497,788
93$347,385,374$60,167,526$35,140,252$342,853,388
94$382,742,921$63,039,973$36,241,689$377,391,033
95$421,704,551$66,050,784$37,377,637$415,434,630
96$464,637,805$69,206,662$38,549,179$457,341,094
97$511,947,712$72,514,640$39,757,427$503,503,718
98$564,080,611$75,982,089$41,003,533$554,355,878
99$621,528,363$79,616,742$42,288,681$610,375,123
100$684,833,000$83,426,705$43,614,095$672,087,679