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%14.6%
1 years$982,691$973,938$965,398$957,062$948,923$930,906
2 years$486,481$477,420$468,640$460,126$451,868$433,787
3 years$321,099$311,999$303,241$294,807$286,684$269,101
4 years$238,424$229,353$220,682$212,392$204,465$187,517
5 years$188,832$179,815$171,258$163,137$155,431$139,166
6 years$155,782$146,833$138,402$130,462$122,987$107,423
7 years$132,184$123,310$115,013$107,260$100,022$85,162
8 years$114,493$105,699$97,540$89,978$82,978$68,819
9 years$100,741$92,030$84,011$76,641$69,879$56,412
10 years$89,746$81,120$73,243$66,065$59,541$46,753
11 years$80,756$72,217$64,482$57,497$51,207$39,084
12 years$73,269$64,818$57,226$50,432$44,375$32,899
13 years$66,939$58,576$51,128$44,524$38,696$27,849
14 years$61,518$53,244$45,938$39,524$33,920$23,683
15 years$56,825$48,640$41,476$35,248$29,866$20,217
16 years$52,721$44,626$37,604$31,561$26,396$17,313
17 years$49,105$41,099$34,218$28,357$23,404$14,866
18 years$45,894$37,977$31,237$25,556$20,810$12,794
19 years$43,024$35,197$28,596$23,092$18,548$11,032
20 years$40,444$32,707$26,244$20,914$16,568$9,528
21 years$38,113$30,465$24,139$18,981$14,826$8,240
22 years$35,997$28,438$22,248$17,258$13,290$7,135
23 years$34,068$26,597$20,542$15,717$11,930$6,185
24 years$32,302$24,920$18,998$14,335$10,723$5,366
25 years$30,680$23,386$17,596$13,091$9,649$4,659
26 years$29,185$21,979$16,319$11,970$8,691$4,048
27 years$27,803$20,685$15,154$10,957$7,836$3,519
28 years$26,523$19,491$14,088$10,039$7,070$3,060
29 years$25,332$18,388$13,110$9,206$6,384$2,663
30 years$24,223$17,365$12,211$8,448$5,769$2,318
31 years$23,188$16,416$11,384$7,759$5,215$2,018
32 years$22,219$15,533$10,622$7,131$4,718$1,758
33 years$21,311$14,710$9,917$6,557$4,270$1,531
34 years$20,458$13,942$9,266$6,033$3,866$1,334
35 years$19,656$13,223$8,663$5,554$3,501$1,163
36 years$18,900$12,551$8,104$5,115$3,172$1,014
37 years$18,186$11,921$7,586$4,713$2,875$884
38 years$17,512$11,329$7,104$4,344$2,607$770
39 years$16,874$10,773$6,655$4,005$2,364$672
40 years$16,269$10,249$6,238$3,694$2,144$586
41 years$15,695$9,756$5,849$3,409$1,945$511
42 years$15,150$9,292$5,487$3,146$1,765$446
43 years$14,632$8,853$5,149$2,904$1,602$389
44 years$14,139$8,439$4,833$2,681$1,454$339
45 years$13,669$8,047$4,538$2,476$1,320$296
46 years$13,221$7,677$4,262$2,287$1,198$258
47 years$12,793$7,326$4,004$2,113$1,088$225
48 years$12,384$6,994$3,763$1,953$988$196
49 years$11,993$6,678$3,537$1,805$898$171
50 years$11,619$6,379$3,325$1,668$815$149

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 $2,922 every year, while hoping to spend $42,242 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: 70/21/9 Blend
58$11,900,000$11,900,000$11,900,000$11,900,000
59$13,116,814$12,486,114$12,301,664$14,012,860
60$14,409,784$13,052,988$12,668,825$15,173,348
61$15,833,221$13,646,224$13,046,869$16,437,355
62$17,400,388$14,267,068$13,436,118$17,819,363
63$19,125,900$14,916,826$13,836,900$19,330,965
64$21,025,860$15,596,869$14,249,555$20,984,915
65$23,118,014$16,308,632$14,674,431$22,795,252
66$25,421,914$17,053,617$15,111,887$24,777,423
67$27,959,106$17,833,401$15,562,292$26,948,431
68$30,753,333$18,649,636$16,026,027$29,326,990
69$33,830,757$19,504,052$16,503,483$31,933,698
70$37,220,206$20,398,463$16,995,061$34,791,231
71$40,953,448$21,334,769$17,501,177$37,924,553
72$45,065,490$22,314,962$18,022,257$41,361,146
73$49,594,906$23,341,132$18,558,738$45,131,267
74$54,584,204$24,415,464$19,111,073$49,268,231
75$60,080,224$25,540,253$19,679,726$53,808,719
76$66,134,584$26,717,903$20,265,174$58,793,123
77$72,804,163$27,950,932$20,867,909$64,265,921
78$80,151,641$29,241,981$21,488,437$70,276,092
79$88,246,087$30,593,817$22,127,278$76,877,575
80$97,163,615$32,009,340$22,784,969$84,129,773
81$106,988,098$33,491,592$23,462,060$92,098,107
82$117,811,963$35,043,759$24,159,117$100,854,630
83$129,737,060$36,669,181$24,876,725$110,478,700
84$142,875,629$38,371,359$25,615,484$121,057,725
85$157,351,351$40,153,964$26,376,011$132,687,980
86$173,300,523$42,020,842$27,158,941$145,475,511
87$190,873,339$43,976,026$27,964,929$159,537,126
88$210,235,312$46,023,744$28,794,646$175,001,497
89$231,568,832$48,168,425$29,648,785$192,010,360
90$255,074,891$50,414,716$30,528,057$210,719,849
91$280,974,978$52,767,485$31,433,195$231,301,963
92$309,513,171$55,231,838$32,364,953$253,946,179
93$340,958,441$57,813,123$33,324,104$278,861,230
94$375,607,188$60,516,952$34,311,448$306,277,071
95$413,786,043$63,349,205$35,327,803$336,447,038
96$455,854,949$66,316,046$36,374,015$369,650,226
97$502,210,560$69,423,939$37,450,950$406,194,119
98$553,289,983$72,679,658$38,559,503$446,417,479
99$609,574,907$76,090,306$39,700,592$490,693,528
100$671,596,147$79,663,331$40,875,161$539,433,469