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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$982,691$973,938$965,398$957,062$948,923$917,812
2 years$486,481$477,420$468,640$460,126$451,868$420,822
3 years$321,099$311,999$303,241$294,807$286,684$256,676
4 years$238,424$229,353$220,682$212,392$204,465$175,726
5 years$188,832$179,815$171,258$163,137$155,431$128,037
6 years$155,782$146,833$138,402$130,462$122,987$96,961
7 years$132,184$123,310$115,013$107,260$100,022$75,360
8 years$114,493$105,699$97,540$89,978$82,978$59,662
9 years$100,741$92,030$84,011$76,641$69,879$47,883
10 years$89,746$81,120$73,243$66,065$59,541$38,829
11 years$80,756$72,217$64,482$57,497$51,207$31,741
12 years$73,269$64,818$57,226$50,432$44,375$26,112
13 years$66,939$58,576$51,128$44,524$38,696$21,590
14 years$61,518$53,244$45,938$39,524$33,920$17,924
15 years$56,825$48,640$41,476$35,248$29,866$14,930
16 years$52,721$44,626$37,604$31,561$26,396$12,470
17 years$49,105$41,099$34,218$28,357$23,404$10,439
18 years$45,894$37,977$31,237$25,556$20,810$8,755
19 years$43,024$35,197$28,596$23,092$18,548$7,354
20 years$40,444$32,707$26,244$20,914$16,568$6,185
21 years$38,113$30,465$24,139$18,981$14,826$5,207
22 years$35,997$28,438$22,248$17,258$13,290$4,388
23 years$34,068$26,597$20,542$15,717$11,930$3,700
24 years$32,302$24,920$18,998$14,335$10,723$3,123
25 years$30,680$23,386$17,596$13,091$9,649$2,636
26 years$29,185$21,979$16,319$11,970$8,691$2,227
27 years$27,803$20,685$15,154$10,957$7,836$1,882
28 years$26,523$19,491$14,088$10,039$7,070$1,591
29 years$25,332$18,388$13,110$9,206$6,384$1,345
30 years$24,223$17,365$12,211$8,448$5,769$1,137
31 years$23,188$16,416$11,384$7,759$5,215$962
32 years$22,219$15,533$10,622$7,131$4,718$814
33 years$21,311$14,710$9,917$6,557$4,270$689
34 years$20,458$13,942$9,266$6,033$3,866$583
35 years$19,656$13,223$8,663$5,554$3,501$493
36 years$18,900$12,551$8,104$5,115$3,172$417
37 years$18,186$11,921$7,586$4,713$2,875$353
38 years$17,512$11,329$7,104$4,344$2,607$299
39 years$16,874$10,773$6,655$4,005$2,364$253
40 years$16,269$10,249$6,238$3,694$2,144$214
41 years$15,695$9,756$5,849$3,409$1,945$181
42 years$15,150$9,292$5,487$3,146$1,765$154
43 years$14,632$8,853$5,149$2,904$1,602$130
44 years$14,139$8,439$4,833$2,681$1,454$110
45 years$13,669$8,047$4,538$2,476$1,320$93
46 years$13,221$7,677$4,262$2,287$1,198$79
47 years$12,793$7,326$4,004$2,113$1,088$67
48 years$12,384$6,994$3,763$1,953$988$57
49 years$11,993$6,678$3,537$1,805$898$48
50 years$11,619$6,379$3,325$1,668$815$41

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 $3,602 every year, while hoping to spend $57,094 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: 59/31/10 Blend
58$11,900,000$11,900,000$11,900,000$11,900,000
59$13,117,515$12,486,815$12,302,365$13,860,491
60$14,394,754$13,037,922$12,653,747$14,911,530
61$15,800,358$13,614,119$13,014,987$16,050,284
62$17,347,360$14,216,576$13,386,354$17,290,562
63$19,050,120$14,846,517$13,768,126$18,642,130
64$20,924,461$15,505,225$14,160,587$20,115,720
65$22,987,818$16,194,044$14,564,029$21,723,138
66$25,259,404$16,914,380$14,978,752$23,477,361
67$27,760,386$17,667,708$15,405,063$25,392,665
68$30,514,091$18,455,571$15,843,279$27,484,751
69$33,546,222$19,279,588$16,293,722$29,770,890
70$36,885,100$20,141,451$16,756,725$32,270,081
71$40,561,935$21,042,936$17,232,630$35,003,230
72$44,611,115$21,985,903$17,721,785$37,993,335
73$49,070,535$22,972,299$18,224,552$41,265,706
74$53,981,952$24,004,164$18,741,297$44,848,195
75$59,391,380$25,083,636$19,272,399$48,771,452
76$65,349,522$26,212,956$19,818,246$53,069,214
77$71,912,252$27,394,470$20,379,235$57,778,611
78$79,141,138$28,630,635$20,955,776$62,940,518
79$87,104,027$29,924,029$21,548,287$68,599,927
80$95,875,680$31,277,349$22,157,198$74,806,369
81$105,538,484$32,693,424$22,782,949$81,614,376
82$116,183,224$34,175,216$23,425,992$89,083,984
83$127,909,942$35,725,830$24,086,791$97,281,298
84$140,828,879$37,348,520$24,765,822$106,279,100
85$155,061,521$39,046,692$25,463,573$116,157,537
86$170,741,736$40,823,921$26,180,543$127,004,863
87$188,017,048$42,683,948$26,917,246$138,918,262
88$207,050,020$44,630,695$27,674,207$152,004,763
89$228,019,796$46,668,272$28,451,967$166,382,232
90$251,123,785$48,800,987$29,251,077$182,180,480
91$276,579,529$51,033,354$30,072,106$199,542,474
92$304,626,754$53,370,101$30,915,635$218,625,678
93$335,529,633$55,816,187$31,782,259$239,603,527
94$369,579,282$58,376,805$32,672,591$262,667,050
95$407,096,501$61,057,402$33,587,255$288,026,661
96$448,434,811$63,863,681$34,526,895$315,914,136
97$493,983,784$66,801,624$35,492,169$346,584,778
98$544,172,725$69,877,498$36,483,751$380,319,821
99$599,474,719$73,097,871$37,502,332$417,429,065
100$660,411,102$76,469,629$38,548,622$458,253,783