Can I retire at age 59 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$999,207$990,306$981,623$973,147$964,871$955,590
2 years$494,657$485,444$476,516$467,859$459,462$450,113
3 years$326,495$317,243$308,337$299,762$291,502$282,374
4 years$242,431$233,207$224,391$215,962$207,902$199,066
5 years$192,006$182,837$174,136$165,879$158,043$149,525
6 years$158,400$149,300$140,728$132,655$125,054$116,865
7 years$134,405$125,382$116,946$109,063$101,703$93,845
8 years$116,417$107,476$99,179$91,490$84,372$76,846
9 years$102,434$93,577$85,423$77,929$71,054$63,857
10 years$91,254$82,484$74,474$67,176$60,541$53,669
11 years$82,113$73,430$65,565$58,463$52,067$45,514
12 years$74,500$65,907$58,188$51,280$45,121$38,880
13 years$68,064$59,561$51,987$45,273$39,346$33,411
14 years$62,552$54,139$46,710$40,188$34,490$28,853
15 years$57,780$49,457$42,173$35,841$30,368$25,020
16 years$53,608$45,376$38,236$32,091$26,839$21,772
17 years$49,930$41,789$34,793$28,834$23,798$19,002
18 years$46,665$38,615$31,762$25,985$21,160$16,626
19 years$43,747$35,788$29,077$23,480$18,860$14,580
20 years$41,124$33,256$26,685$21,265$16,846$12,809
21 years$38,754$30,977$24,545$19,300$15,076$11,271
22 years$36,602$28,916$22,622$17,548$13,513$9,932
23 years$34,641$27,044$20,887$15,981$12,130$8,763
24 years$32,845$25,339$19,317$14,576$10,903$7,740
25 years$31,196$23,779$17,892$13,311$9,811$6,843
26 years$29,676$22,349$16,594$12,171$8,837$6,055
27 years$28,271$21,033$15,409$11,141$7,968$5,362
28 years$26,968$19,819$14,324$10,207$7,189$4,751
29 years$25,758$18,697$13,330$9,360$6,492$4,212
30 years$24,630$17,657$12,416$8,590$5,866$3,736
31 years$23,578$16,692$11,576$7,890$5,303$3,315
32 years$22,593$15,794$10,800$7,251$4,797$2,943
33 years$21,669$14,957$10,084$6,668$4,341$2,613
34 years$20,802$14,176$9,422$6,135$3,931$2,321
35 years$19,986$13,446$8,809$5,647$3,560$2,063
36 years$19,218$12,762$8,241$5,201$3,226$1,833
37 years$18,492$12,121$7,713$4,792$2,924$1,630
38 years$17,806$11,519$7,223$4,417$2,650$1,449
39 years$17,158$10,954$6,767$4,073$2,403$1,289
40 years$16,543$10,421$6,343$3,757$2,180$1,146
41 years$15,959$9,920$5,948$3,466$1,978$1,019
42 years$15,405$9,448$5,579$3,199$1,795$907
43 years$14,878$9,002$5,235$2,953$1,629$807
44 years$14,377$8,581$4,914$2,726$1,478$718
45 years$13,899$8,182$4,614$2,518$1,342$639
46 years$13,443$7,806$4,334$2,326$1,219$569
47 years$13,008$7,449$4,071$2,149$1,107$506
48 years$12,592$7,111$3,826$1,985$1,005$450
49 years$12,194$6,791$3,596$1,835$913$401
50 years$11,814$6,487$3,381$1,696$829$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,100,000, adding $3,839 every year, while hoping to spend $46,302 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: 58/24/18 Blend
58$12,100,000$12,100,000$12,100,000$12,100,000
59$13,338,160$12,696,860$12,509,310$14,048,582
60$14,649,387$13,269,741$12,879,107$15,103,784
61$16,092,808$13,869,142$13,259,740$16,248,194
62$17,681,857$14,496,312$13,651,524$17,494,754
63$19,431,338$15,152,563$14,054,781$18,853,314
64$21,357,562$15,839,266$14,469,845$20,334,710
65$23,478,505$16,557,862$14,897,056$21,950,854
66$25,813,971$17,309,856$15,336,766$23,714,852
67$28,385,786$18,096,829$15,789,338$25,641,118
68$31,217,998$18,920,435$16,255,142$27,745,507
69$34,337,107$19,782,410$16,734,563$30,045,467
70$37,772,314$20,684,569$17,227,992$32,560,192
71$41,555,795$21,628,818$17,735,835$35,310,803
72$45,723,009$22,617,153$18,258,508$38,320,543
73$50,313,027$23,651,665$18,796,439$41,614,992
74$55,368,904$24,734,545$19,350,068$45,222,303
75$60,938,085$25,868,090$19,919,849$49,173,463
76$67,072,851$27,054,709$20,506,245$53,502,581
77$73,830,815$28,296,922$21,109,738$58,247,204
78$81,275,462$29,597,375$21,730,817$63,448,669
79$89,476,751$30,958,838$22,369,991$69,152,481
80$98,511,774$32,384,216$23,027,780$75,408,742
81$108,465,483$33,876,551$23,704,720$82,272,619
82$119,431,495$35,439,034$24,401,360$89,804,851
83$131,512,969$37,075,009$25,118,267$98,072,321
84$144,823,587$38,787,979$25,856,024$107,148,682
85$159,488,621$40,581,618$26,615,230$117,115,038
86$175,646,119$42,459,776$27,396,498$128,060,708
87$193,448,206$44,426,488$28,200,464$140,084,059
88$213,062,521$46,485,984$29,027,777$153,293,424
89$234,673,797$48,642,696$29,879,107$167,808,119
90$258,485,610$50,901,273$30,755,142$183,759,558
91$284,722,292$53,266,586$31,656,589$201,292,486
92$313,631,057$55,743,740$32,584,176$220,566,332
93$345,484,329$58,338,087$33,538,651$241,756,705
94$380,582,317$61,055,240$34,520,782$265,057,044
95$419,255,845$63,901,078$35,531,360$290,680,425
96$461,869,478$66,881,768$36,571,197$318,861,567
97$508,824,962$70,003,771$37,641,129$349,859,034
98$560,565,016$73,273,864$38,742,015$383,957,660
99$617,577,513$76,699,149$39,874,738$421,471,225
100$680,400,083$80,287,071$41,040,205$462,745,407