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%13.3%
1 years$982,691$973,938$965,398$957,062$948,923$935,902
2 years$486,481$477,420$468,640$460,126$451,868$438,772
3 years$321,099$311,999$303,241$294,807$286,684$273,921
4 years$238,424$229,353$220,682$212,392$204,465$192,133
5 years$188,832$179,815$171,258$163,137$155,431$143,566
6 years$155,782$146,833$138,402$130,462$122,987$111,603
7 years$132,184$123,310$115,013$107,260$100,022$89,122
8 years$114,493$105,699$97,540$89,978$82,978$72,562
9 years$100,741$92,030$84,011$76,641$69,879$59,942
10 years$89,746$81,120$73,243$66,065$59,541$50,075
11 years$80,756$72,217$64,482$57,497$51,207$42,204
12 years$73,269$64,818$57,226$50,432$44,375$35,824
13 years$66,939$58,576$51,128$44,524$38,696$30,585
14 years$61,518$53,244$45,938$39,524$33,920$26,238
15 years$56,825$48,640$41,476$35,248$29,866$22,599
16 years$52,721$44,626$37,604$31,561$26,396$19,530
17 years$49,105$41,099$34,218$28,357$23,404$16,926
18 years$45,894$37,977$31,237$25,556$20,810$14,704
19 years$43,024$35,197$28,596$23,092$18,548$12,800
20 years$40,444$32,707$26,244$20,914$16,568$11,163
21 years$38,113$30,465$24,139$18,981$14,826$9,750
22 years$35,997$28,438$22,248$17,258$13,290$8,527
23 years$34,068$26,597$20,542$15,717$11,930$7,466
24 years$32,302$24,920$18,998$14,335$10,723$6,544
25 years$30,680$23,386$17,596$13,091$9,649$5,740
26 years$29,185$21,979$16,319$11,970$8,691$5,039
27 years$27,803$20,685$15,154$10,957$7,836$4,426
28 years$26,523$19,491$14,088$10,039$7,070$3,891
29 years$25,332$18,388$13,110$9,206$6,384$3,421
30 years$24,223$17,365$12,211$8,448$5,769$3,010
31 years$23,188$16,416$11,384$7,759$5,215$2,649
32 years$22,219$15,533$10,622$7,131$4,718$2,332
33 years$21,311$14,710$9,917$6,557$4,270$2,054
34 years$20,458$13,942$9,266$6,033$3,866$1,809
35 years$19,656$13,223$8,663$5,554$3,501$1,594
36 years$18,900$12,551$8,104$5,115$3,172$1,405
37 years$18,186$11,921$7,586$4,713$2,875$1,238
38 years$17,512$11,329$7,104$4,344$2,607$1,092
39 years$16,874$10,773$6,655$4,005$2,364$963
40 years$16,269$10,249$6,238$3,694$2,144$849
41 years$15,695$9,756$5,849$3,409$1,945$749
42 years$15,150$9,292$5,487$3,146$1,765$660
43 years$14,632$8,853$5,149$2,904$1,602$582
44 years$14,139$8,439$4,833$2,681$1,454$514
45 years$13,669$8,047$4,538$2,476$1,320$453
46 years$13,221$7,677$4,262$2,287$1,198$400
47 years$12,793$7,326$4,004$2,113$1,088$353
48 years$12,384$6,994$3,763$1,953$988$311
49 years$11,993$6,678$3,537$1,805$898$275
50 years$11,619$6,379$3,325$1,668$815$242

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 $5,768 every year, while hoping to spend $31,882 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: 80/11/9 Blend
58$11,900,000$11,900,000$11,900,000$11,900,000
59$13,119,750$12,489,050$12,304,600$14,151,460
60$14,424,042$13,067,091$12,682,882$15,406,798
61$15,860,303$13,672,388$13,072,767$16,779,213
62$17,441,961$14,306,242$13,474,612$18,284,220
63$19,183,812$14,970,018$13,888,782$19,935,055
64$21,102,158$15,665,146$14,315,653$21,746,290
65$23,214,966$16,393,126$14,755,615$23,733,975
66$25,542,032$17,155,529$15,209,068$25,915,781
67$28,105,172$17,954,002$15,676,425$28,311,168
68$30,928,425$18,790,274$16,158,110$30,941,569
69$34,038,280$19,666,153$16,654,563$33,830,585
70$37,463,928$20,583,537$17,166,234$37,004,213
71$41,237,534$21,544,417$17,693,589$40,491,084
72$45,394,546$22,550,876$18,237,107$44,322,731
73$49,974,022$23,605,102$18,797,283$48,533,889
74$55,019,006$24,709,385$19,374,625$53,162,816
75$60,576,928$25,866,129$19,969,659$58,251,652
76$66,700,058$27,077,852$20,582,925$63,846,820
77$73,445,991$28,347,194$21,214,981$69,999,453
78$80,878,199$29,676,924$21,866,399$76,765,879
79$89,066,625$31,069,943$22,537,773$84,208,152
80$98,088,344$32,529,293$23,229,712$92,394,628
81$108,028,291$34,058,165$23,942,844$101,400,613
82$118,980,064$35,659,902$24,677,816$111,309,068
83$131,046,803$37,338,010$25,435,296$122,211,390
84$144,342,170$39,096,165$26,215,970$134,208,269
85$158,991,414$40,938,220$27,020,548$147,410,637
86$175,132,561$42,868,215$27,849,759$161,940,712
87$192,917,711$44,890,387$28,704,356$177,933,145
88$212,514,478$47,009,177$29,585,112$195,536,288
89$234,107,569$49,229,241$30,492,828$214,913,591
90$257,900,529$51,555,461$31,428,325$236,245,138
91$284,117,661$53,992,957$32,392,452$259,729,347
92$313,006,146$56,547,095$33,386,083$285,584,831
93$344,838,374$59,223,504$34,410,117$314,052,464
94$379,914,515$62,028,083$35,465,483$345,397,643
95$418,565,356$64,967,018$36,553,137$379,912,792
96$461,155,418$68,046,798$37,674,063$417,920,114
97$508,086,403$71,274,224$38,829,277$459,774,629
98$559,800,982$74,656,427$40,019,824$505,867,517
99$616,786,976$78,200,886$41,246,782$556,629,802
100$679,581,960$81,915,441$42,511,261$612,536,420