Can I retire at age 59 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$677,148$671,117$665,232$659,488$653,880$633,964
2 years$335,222$328,979$322,928$317,062$311,371$291,478
3 years$221,261$214,991$208,956$203,144$197,547$178,299
4 years$164,292$158,041$152,066$146,354$140,892$122,437
5 years$130,120$123,906$118,010$112,414$107,104$89,493
6 years$107,345$101,179$95,369$89,898$84,748$67,995
7 years$91,085$84,970$79,252$73,910$68,922$53,028
8 years$78,894$72,835$67,212$62,002$57,178$42,131
9 years$69,418$63,416$57,890$52,812$48,152$33,937
10 years$61,842$55,898$50,470$45,524$41,028$27,624
11 years$55,647$49,763$44,433$39,620$35,285$22,669
12 years$50,488$44,664$39,433$34,752$30,578$18,723
13 years$46,126$40,363$35,231$30,681$26,664$15,544
14 years$42,391$36,689$31,655$27,235$23,374$12,958
15 years$39,156$33,516$28,580$24,289$20,580$10,840
16 years$36,329$30,751$25,912$21,748$18,189$9,093
17 years$33,837$28,320$23,579$19,540$16,127$7,645
18 years$31,624$26,169$21,525$17,610$14,340$6,441
19 years$29,647$24,253$19,705$15,912$12,781$5,434
20 years$27,869$22,537$18,084$14,411$11,416$4,592
21 years$26,263$20,993$16,634$13,079$10,216$3,884
22 years$24,805$19,596$15,331$11,892$9,158$3,288
23 years$23,475$18,328$14,155$10,830$8,220$2,786
24 years$22,259$17,172$13,091$9,878$7,389$2,362
25 years$21,141$16,115$12,125$9,021$6,649$2,004
26 years$20,111$15,145$11,245$8,248$5,989$1,701
27 years$19,159$14,254$10,442$7,550$5,400$1,444
28 years$18,276$13,431$9,707$6,917$4,872$1,227
29 years$17,456$12,671$9,034$6,343$4,399$1,042
30 years$16,692$11,966$8,414$5,822$3,975$886
31 years$15,978$11,312$7,845$5,347$3,594$753
32 years$15,311$10,703$7,319$4,914$3,251$640
33 years$14,685$10,136$6,834$4,519$2,942$544
34 years$14,097$9,607$6,385$4,157$2,664$463
35 years$13,544$9,112$5,970$3,827$2,413$394
36 years$13,023$8,649$5,585$3,525$2,186$335
37 years$12,532$8,214$5,227$3,248$1,981$285
38 years$12,067$7,806$4,895$2,993$1,796$242
39 years$11,627$7,423$4,586$2,760$1,629$206
40 years$11,211$7,062$4,298$2,546$1,477$175
41 years$10,815$6,723$4,031$2,349$1,340$149
42 years$10,440$6,403$3,781$2,168$1,216$127
43 years$10,083$6,100$3,548$2,001$1,104$108
44 years$9,743$5,815$3,330$1,848$1,002$92
45 years$9,419$5,545$3,127$1,706$910$78
46 years$9,110$5,290$2,937$1,576$826$67
47 years$8,815$5,048$2,759$1,456$750$57
48 years$8,533$4,819$2,593$1,346$681$48
49 years$8,264$4,602$2,437$1,244$619$41
50 years$8,006$4,396$2,291$1,149$562$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,200,000, adding $4,105 every year, while hoping to spend $53,918 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: 61/20/19 Blend
58$8,200,000$8,200,000$8,200,000$8,200,000
59$9,040,634$8,606,034$8,478,934$9,547,475
60$9,905,411$8,970,362$8,705,610$10,254,571
61$10,856,587$9,350,734$8,938,073$11,019,562
62$11,902,920$9,747,880$9,176,459$11,853,206
63$13,054,055$10,162,564$9,420,908$12,762,175
64$14,320,623$10,595,585$9,671,563$13,753,810
65$15,714,336$11,047,777$9,928,569$14,836,189
66$17,248,096$11,520,016$10,192,074$16,018,198
67$18,936,124$12,013,219$10,462,231$17,309,618
68$20,794,085$12,528,343$10,739,192$18,721,211
69$22,839,242$13,066,393$11,023,115$20,264,823
70$25,090,616$13,628,417$11,314,161$21,953,493
71$27,569,167$14,215,517$11,612,493$23,801,573
72$30,297,987$14,828,843$11,918,277$25,824,861
73$33,302,526$15,469,600$12,231,683$28,040,750
74$36,610,822$16,139,050$12,552,884$30,468,389
75$40,253,776$16,838,513$12,882,055$33,128,858
76$44,265,433$17,569,372$13,219,376$36,045,372
77$48,683,311$18,333,075$13,565,029$39,243,490
78$53,548,751$19,131,138$13,919,199$42,751,356
79$58,907,307$19,965,147$14,282,076$46,599,964
80$64,809,179$20,836,766$14,653,852$50,823,445
81$71,309,682$21,747,734$15,034,723$55,459,387
82$78,469,769$22,699,873$15,424,886$60,549,186
83$86,356,611$23,695,092$15,824,545$66,138,435
84$95,044,222$24,735,388$16,233,904$72,277,348
85$104,614,166$25,822,855$16,653,173$79,021,234
86$115,156,320$26,959,684$17,082,563$86,431,012
87$126,769,726$28,148,170$17,522,291$94,573,785
88$139,563,525$29,390,717$17,972,574$103,523,466
89$153,657,985$30,689,843$18,433,635$113,361,474
90$169,185,637$32,048,183$18,905,700$124,177,498
91$186,292,528$33,468,500$19,388,997$136,070,336
92$205,139,596$34,953,686$19,883,758$149,148,828
93$225,904,189$36,506,771$20,390,219$163,532,874
94$248,781,742$38,130,929$20,908,617$179,354,560
95$273,987,618$39,829,483$21,439,194$196,759,404
96$301,759,142$41,605,915$21,982,194$215,907,719
97$332,357,843$43,463,873$22,537,866$236,976,125
98$366,071,919$45,407,179$23,106,460$260,159,204
99$403,218,958$47,439,833$23,688,230$285,671,337
100$444,148,937$49,566,031$24,283,431$313,748,716