Can I retire at age 59 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$668,890$662,932$657,119$651,446$645,905$642,643
2 years$331,134$324,967$318,990$313,195$307,574$304,282
3 years$218,563$212,369$206,408$200,667$195,138$191,917
4 years$162,289$156,114$150,212$144,569$139,174$136,050
5 years$128,533$122,395$116,571$111,043$105,798$102,780
6 years$106,036$99,945$94,206$88,802$83,714$80,806
7 years$89,974$83,934$78,286$73,009$68,082$65,285
8 years$77,932$71,947$66,393$61,245$56,481$53,795
9 years$68,572$62,642$57,184$52,168$47,565$44,990
10 years$61,087$55,216$49,854$44,969$40,528$38,062
11 years$54,968$49,156$43,891$39,136$34,855$32,498
12 years$49,872$44,120$38,952$34,328$30,205$27,954
13 years$45,564$39,871$34,801$30,306$26,339$24,192
14 years$41,874$36,242$31,269$26,903$23,089$21,043
15 years$38,679$33,108$28,232$23,992$20,329$18,382
16 years$35,886$30,376$25,596$21,483$17,967$16,116
17 years$33,424$27,975$23,291$19,302$15,931$14,173
18 years$31,239$25,850$21,262$17,395$14,165$12,498
19 years$29,285$23,957$19,464$15,718$12,625$11,046
20 years$27,529$22,262$17,863$14,236$11,277$9,782
21 years$25,943$20,737$16,431$12,920$10,092$8,678
22 years$24,502$19,357$15,144$11,747$9,046$7,710
23 years$23,189$18,104$13,983$10,698$8,120$6,860
24 years$21,987$16,962$12,931$9,757$7,299$6,110
25 years$20,883$15,918$11,977$8,911$6,568$5,448
26 years$19,866$14,961$11,108$8,148$5,916$4,862
27 years$18,925$14,080$10,315$7,458$5,334$4,343
28 years$18,053$13,267$9,589$6,833$4,813$3,882
29 years$17,243$12,516$8,923$6,266$4,346$3,472
30 years$16,488$11,820$8,312$5,751$3,927$3,107
31 years$15,783$11,174$7,749$5,281$3,550$2,782
32 years$15,124$10,573$7,230$4,854$3,211$2,492
33 years$14,506$10,013$6,751$4,463$2,906$2,234
34 years$13,925$9,490$6,307$4,107$2,631$2,002
35 years$13,379$9,001$5,897$3,781$2,383$1,796
36 years$12,865$8,543$5,516$3,482$2,159$1,611
37 years$12,379$8,114$5,163$3,208$1,957$1,445
38 years$11,920$7,711$4,835$2,957$1,774$1,297
39 years$11,486$7,333$4,530$2,726$1,609$1,164
40 years$11,074$6,976$4,246$2,515$1,459$1,045
41 years$10,683$6,641$3,981$2,320$1,324$939
42 years$10,312$6,325$3,735$2,141$1,201$843
43 years$9,960$6,026$3,504$1,977$1,090$757
44 years$9,624$5,744$3,290$1,825$990$680
45 years$9,304$5,477$3,089$1,685$898$611
46 years$8,999$5,225$2,901$1,557$816$549
47 years$8,708$4,987$2,726$1,438$741$493
48 years$8,429$4,760$2,561$1,329$673$443
49 years$8,163$4,546$2,407$1,228$611$399
50 years$7,908$4,342$2,263$1,135$555$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,100,000, adding $4,993 every year, while hoping to spend $34,151 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: 46/44/10 Blend
58$8,100,000$8,100,000$8,100,000$8,100,000
59$8,931,350$8,502,050$8,376,500$9,317,028
60$9,806,012$8,882,314$8,620,777$9,964,152
61$10,768,744$9,280,067$8,872,092$10,661,822
62$11,828,494$9,696,128$9,130,645$11,417,874
63$12,995,121$10,131,359$9,396,642$12,237,724
64$14,279,488$10,586,660$9,670,294$13,127,316
65$15,693,564$11,062,975$9,951,817$14,093,176
66$17,250,539$11,561,293$10,241,435$15,142,470
67$18,964,948$12,082,649$10,539,377$16,283,066
68$20,852,803$12,628,130$10,845,877$17,523,609
69$22,931,753$13,198,873$11,161,178$18,873,594
70$25,221,243$13,796,069$11,485,528$20,343,455
71$27,742,700$14,420,966$11,819,184$21,944,655
72$30,519,736$15,074,874$12,162,407$23,689,795
73$33,578,369$15,759,162$12,515,467$25,592,726
74$36,947,269$16,475,268$12,878,642$27,668,671
75$40,658,031$17,224,696$13,252,216$29,934,372
76$44,745,467$18,009,023$13,636,483$32,408,234
77$49,247,942$18,829,902$14,031,742$35,110,499
78$54,207,729$19,689,066$14,438,303$38,063,427
79$59,671,415$20,588,327$14,856,484$41,291,505
80$65,690,334$21,529,590$15,286,610$44,821,666
81$72,321,054$22,514,846$15,729,018$48,683,541
82$79,625,912$23,546,184$16,184,050$52,909,729
83$87,673,601$24,625,793$16,652,062$57,536,100
84$96,539,819$25,755,967$17,133,417$62,602,122
85$106,307,981$26,939,110$17,628,487$68,151,229
86$117,070,011$28,177,742$18,137,657$74,231,221
87$128,927,204$29,474,503$18,661,320$80,894,707
88$141,991,186$30,832,161$19,199,882$88,199,592
89$156,384,967$32,253,617$19,753,757$96,209,613
90$172,244,100$33,741,910$20,323,375$104,994,934
91$189,717,962$35,300,228$20,909,172$114,632,792
92$208,971,164$36,931,909$21,511,599$125,208,220
93$230,185,105$38,640,455$22,131,120$136,814,837
94$253,559,683$40,429,535$22,768,210$149,555,717
95$279,315,183$42,302,994$23,423,357$163,544,354
96$307,694,354$44,264,863$24,097,062$178,905,715
97$338,964,705$46,319,368$24,789,840$195,777,409
98$373,421,026$48,470,938$25,502,221$214,310,969
99$411,388,172$50,724,216$26,234,747$234,673,271
100$453,224,131$53,084,067$26,987,976$257,048,090