Can I retire at age 59 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$652,375$646,564$640,894$635,360$629,957$606,160
2 years$322,958$316,943$311,114$305,462$299,980$276,281
3 years$213,166$207,126$201,311$195,712$190,319$167,464
4 years$158,282$152,259$146,503$141,000$135,737$113,900
5 years$125,359$119,373$113,692$108,301$103,185$82,423
6 years$103,418$97,477$91,880$86,609$81,647$61,973
7 years$87,752$81,861$76,353$71,206$66,401$47,810
8 years$76,008$70,170$64,753$59,733$55,086$37,561
9 years$66,878$61,096$55,772$50,879$46,390$29,906
10 years$59,579$53,853$48,623$43,859$39,527$24,053
11 years$53,611$47,942$42,807$38,170$33,994$19,497
12 years$48,641$43,030$37,990$33,480$29,459$15,901
13 years$44,439$38,887$33,942$29,558$25,689$13,031
14 years$40,840$35,347$30,497$26,238$22,519$10,721
15 years$37,724$32,290$27,535$23,400$19,827$8,848
16 years$35,000$29,626$24,964$20,952$17,523$7,321
17 years$32,599$27,284$22,716$18,825$15,537$6,070
18 years$30,467$25,212$20,737$16,965$13,815$5,041
19 years$28,562$23,366$18,984$15,330$12,314$4,193
20 years$26,850$21,713$17,422$13,884$10,999$3,491
21 years$25,302$20,225$16,025$12,601$9,843$2,910
22 years$23,897$18,879$14,770$11,457$8,823$2,428
23 years$22,617$17,657$13,637$10,434$7,920$2,026
24 years$21,444$16,544$12,612$9,516$7,118$1,692
25 years$20,367$15,525$11,681$8,691$6,405$1,414
26 years$19,375$14,591$10,834$7,947$5,770$1,182
27 years$18,458$13,732$10,060$7,274$5,202$988
28 years$17,607$12,940$9,352$6,664$4,694$827
29 years$16,817$12,207$8,703$6,111$4,238$692
30 years$16,081$11,528$8,107$5,609$3,830$579
31 years$15,394$10,898$7,558$5,151$3,462$484
32 years$14,751$10,312$7,051$4,734$3,132$405
33 years$14,148$9,765$6,584$4,353$2,834$339
34 years$13,582$9,255$6,152$4,005$2,566$284
35 years$13,049$8,779$5,751$3,687$2,324$238
36 years$12,547$8,332$5,380$3,396$2,106$199
37 years$12,073$7,914$5,036$3,129$1,909$167
38 years$11,626$7,521$4,716$2,884$1,730$140
39 years$11,202$7,152$4,418$2,659$1,569$117
40 years$10,801$6,804$4,141$2,453$1,423$98
41 years$10,420$6,477$3,883$2,263$1,291$82
42 years$10,058$6,168$3,642$2,088$1,172$69
43 years$9,714$5,877$3,418$1,928$1,063$57
44 years$9,386$5,602$3,208$1,780$965$48
45 years$9,074$5,342$3,013$1,644$876$40
46 years$8,777$5,096$2,829$1,518$796$34
47 years$8,493$4,863$2,658$1,403$722$28
48 years$8,221$4,643$2,498$1,296$656$24
49 years$7,962$4,434$2,348$1,198$596$20
50 years$7,713$4,235$2,207$1,107$541$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,900,000, adding $6,854 every year, while hoping to spend $37,224 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: 76/5/19 Blend
58$7,900,000$7,900,000$7,900,000$7,900,000
59$8,712,870$8,294,170$8,171,720$9,336,261
60$9,561,977$8,660,978$8,405,866$10,116,652
61$10,496,445$9,044,512$8,646,609$10,966,785
62$11,524,941$9,445,553$8,894,130$11,897,922
63$12,657,017$9,864,917$9,148,616$12,918,141
64$13,903,196$10,303,461$9,410,257$14,036,337
65$15,275,072$10,762,081$9,679,251$15,262,309
66$16,785,423$11,241,717$9,955,800$16,606,845
67$18,448,327$11,743,351$10,240,110$18,081,830
68$20,279,298$12,268,016$10,532,394$19,700,351
69$22,295,428$12,816,791$10,832,871$21,476,824
70$24,515,554$13,390,806$11,141,765$23,427,130
71$26,960,432$13,991,247$11,459,305$25,568,758
72$29,652,932$14,619,355$11,785,728$27,920,975
73$32,618,258$15,276,429$12,121,277$30,505,004
74$35,884,179$15,963,834$12,466,199$33,344,225
75$39,481,299$16,682,995$12,820,750$36,464,392
76$43,443,338$17,435,408$13,185,192$39,893,878
77$47,807,456$18,222,641$13,559,793$43,663,940
78$52,614,600$19,046,334$13,944,830$47,809,013
79$57,909,893$19,908,208$14,340,585$52,367,032
80$63,743,057$20,810,065$14,747,349$57,379,794
81$70,168,883$21,753,793$15,165,420$62,893,346
82$77,247,751$22,741,370$15,595,104$68,958,419
83$85,046,195$23,774,871$16,036,713$75,630,908
84$93,637,534$24,856,467$16,490,570$82,972,398
85$103,102,564$25,988,435$16,957,006$91,050,740
86$113,530,318$27,173,161$17,436,358$99,940,693
87$125,018,908$28,413,143$17,928,974$109,724,628
88$137,676,452$29,711,003$18,435,210$120,493,303
89$151,622,093$31,069,485$18,955,432$132,346,719
90$166,987,122$32,491,465$19,490,015$145,395,059
91$183,916,221$33,979,959$20,039,343$159,759,731
92$202,568,825$35,538,127$20,603,810$175,574,509
93$223,120,629$37,169,279$21,183,821$192,986,794
94$245,765,245$38,876,885$21,779,791$212,159,004
95$270,716,031$40,664,583$22,392,145$233,270,105
96$298,208,102$42,536,184$23,021,318$256,517,297
97$328,500,555$44,495,684$23,667,759$282,117,875
98$361,878,907$46,547,268$24,331,924$310,311,277
99$398,657,798$48,695,326$25,014,286$341,361,341
100$439,183,953$50,944,457$25,715,324$375,558,793