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

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 $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%11.1%
1 years$677,148$671,117$665,232$659,488$653,880$650,851
2 years$335,222$328,979$322,928$317,062$311,371$308,314
3 years$221,261$214,991$208,956$203,144$197,547$194,555
4 years$164,292$158,041$152,066$146,354$140,892$137,990
5 years$130,120$123,906$118,010$112,414$107,104$104,300
6 years$107,345$101,179$95,369$89,898$84,748$82,045
7 years$91,085$84,970$79,252$73,910$68,922$66,323
8 years$78,894$72,835$67,212$62,002$57,178$54,681
9 years$69,418$63,416$57,890$52,812$48,152$45,758
10 years$61,842$55,898$50,470$45,524$41,028$38,735
11 years$55,647$49,763$44,433$39,620$35,285$33,092
12 years$50,488$44,664$39,433$34,752$30,578$28,482
13 years$46,126$40,363$35,231$30,681$26,664$24,665
14 years$42,391$36,689$31,655$27,235$23,374$21,469
15 years$39,156$33,516$28,580$24,289$20,580$18,766
16 years$36,329$30,751$25,912$21,748$18,189$16,464
17 years$33,837$28,320$23,579$19,540$16,127$14,489
18 years$31,624$26,169$21,525$17,610$14,340$12,786
19 years$29,647$24,253$19,705$15,912$12,781$11,308
20 years$27,869$22,537$18,084$14,411$11,416$10,022
21 years$26,263$20,993$16,634$13,079$10,216$8,897
22 years$24,805$19,596$15,331$11,892$9,158$7,911
23 years$23,475$18,328$14,155$10,830$8,220$7,043
24 years$22,259$17,172$13,091$9,878$7,389$6,279
25 years$21,141$16,115$12,125$9,021$6,649$5,603
26 years$20,111$15,145$11,245$8,248$5,989$5,004
27 years$19,159$14,254$10,442$7,550$5,400$4,473
28 years$18,276$13,431$9,707$6,917$4,872$4,002
29 years$17,456$12,671$9,034$6,343$4,399$3,582
30 years$16,692$11,966$8,414$5,822$3,975$3,208
31 years$15,978$11,312$7,845$5,347$3,594$2,875
32 years$15,311$10,703$7,319$4,914$3,251$2,577
33 years$14,685$10,136$6,834$4,519$2,942$2,312
34 years$14,097$9,607$6,385$4,157$2,664$2,074
35 years$13,544$9,112$5,970$3,827$2,413$1,861
36 years$13,023$8,649$5,585$3,525$2,186$1,671
37 years$12,532$8,214$5,227$3,248$1,981$1,501
38 years$12,067$7,806$4,895$2,993$1,796$1,348
39 years$11,627$7,423$4,586$2,760$1,629$1,211
40 years$11,211$7,062$4,298$2,546$1,477$1,088
41 years$10,815$6,723$4,031$2,349$1,340$978
42 years$10,440$6,403$3,781$2,168$1,216$879
43 years$10,083$6,100$3,548$2,001$1,104$790
44 years$9,743$5,815$3,330$1,848$1,002$711
45 years$9,419$5,545$3,127$1,706$910$639
46 years$9,110$5,290$2,937$1,576$826$575
47 years$8,815$5,048$2,759$1,456$750$517
48 years$8,533$4,819$2,593$1,346$681$465
49 years$8,264$4,602$2,437$1,244$619$418
50 years$8,006$4,396$2,291$1,149$562$376

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 $3,414 every year, while hoping to spend $41,454 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: 71/11/18 Blend
58$8,200,000$8,200,000$8,200,000$8,200,000
59$9,039,922$8,605,322$8,478,222$9,642,892
60$9,917,887$8,982,876$8,718,135$10,422,020
61$10,884,015$9,377,540$8,964,697$11,269,462
62$11,947,255$9,790,111$9,218,085$12,196,227
63$13,117,468$10,221,419$9,478,483$13,210,160
64$14,405,517$10,672,336$9,746,080$14,319,895
65$15,823,375$11,143,775$10,021,068$15,534,943
66$17,384,232$11,636,692$10,303,647$16,865,770
67$19,102,622$12,152,089$10,594,018$18,323,903
68$20,994,562$12,691,014$10,892,390$19,922,032
69$23,077,700$13,254,566$11,198,977$21,674,132
70$25,371,480$13,843,895$11,513,998$23,595,592
71$27,897,332$14,460,206$11,837,678$25,703,358
72$30,678,866$15,104,763$12,170,246$28,016,093
73$33,742,102$15,778,887$12,511,940$30,554,351
74$37,115,707$16,483,964$12,863,002$33,340,769
75$40,831,276$17,221,445$13,223,679$36,400,279
76$44,923,621$17,992,850$13,594,227$39,760,342
77$49,431,102$18,799,772$13,974,905$43,451,206
78$54,395,993$19,643,879$14,365,983$47,506,186
79$59,864,875$20,526,920$14,767,734$51,961,984
80$65,889,077$21,450,724$15,180,439$56,859,024
81$72,525,166$22,417,212$15,604,386$62,241,839
82$79,835,470$23,428,393$16,039,870$68,159,484
83$87,888,677$24,486,373$16,487,194$74,666,000
84$96,760,475$25,593,358$16,946,669$81,820,921
85$106,534,272$26,751,662$17,418,611$89,689,833
86$117,301,979$27,963,705$17,903,346$98,344,988
87$129,164,881$29,232,026$18,401,208$107,865,990
88$142,234,589$30,559,286$18,912,539$118,340,535
89$156,634,097$31,948,270$19,437,688$129,865,244
90$172,498,938$33,401,899$19,977,014$142,546,565
91$189,978,471$34,923,233$20,530,885$156,501,780
92$209,237,283$36,515,479$21,099,677$171,860,105
93$230,456,745$38,181,997$21,683,775$188,763,910
94$253,836,725$39,926,307$22,283,575$207,370,055
95$279,597,476$41,752,101$22,899,479$227,851,371
96$307,981,709$43,663,244$23,531,902$250,398,284
97$339,256,891$45,663,791$24,181,268$275,220,612
98$373,717,764$47,757,987$24,848,011$302,549,539
99$411,689,132$49,950,284$25,532,575$332,639,794
100$453,528,921$52,245,346$26,235,415$365,772,049