Can I retire at age 59 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$685,406$679,301$673,344$667,531$661,854$642,211
2 years$339,310$332,991$326,866$320,928$315,168$295,541
3 years$223,960$217,613$211,504$205,622$199,956$180,959
4 years$166,296$159,969$153,921$148,139$142,610$124,390
5 years$131,707$125,417$119,449$113,785$108,410$91,015
6 years$108,655$102,413$96,532$90,995$85,781$69,228
7 years$92,195$86,006$80,219$74,812$69,763$54,051
8 years$79,857$73,723$68,032$62,758$57,875$42,994
9 years$70,265$64,189$58,596$53,456$48,739$34,674
10 years$62,596$56,580$51,085$46,079$41,528$28,259
11 years$56,325$50,370$44,975$40,103$35,716$23,221
12 years$51,104$45,209$39,914$35,176$30,950$19,204
13 years$46,689$40,856$35,660$31,055$26,989$15,965
14 years$42,908$37,137$32,041$27,567$23,659$13,328
15 years$39,634$33,925$28,929$24,585$20,831$11,164
16 years$36,772$31,126$26,228$22,013$18,411$9,379
17 years$34,250$28,665$23,867$19,779$16,324$7,897
18 years$32,010$26,488$21,787$17,824$14,515$6,663
19 years$30,008$24,549$19,945$16,106$12,937$5,630
20 years$28,209$22,812$18,305$14,587$11,556$4,764
21 years$26,583$21,249$16,837$13,239$10,341$4,036
22 years$25,107$19,835$15,518$12,037$9,269$3,423
23 years$23,762$18,551$14,328$10,962$8,321$2,905
24 years$22,530$17,381$13,251$9,998$7,479$2,467
25 years$21,399$16,311$12,273$9,131$6,730$2,096
26 years$20,356$15,330$11,382$8,349$6,062$1,782
27 years$19,392$14,427$10,570$7,642$5,465$1,516
28 years$18,499$13,595$9,826$7,002$4,931$1,289
29 years$17,669$12,825$9,144$6,421$4,453$1,097
30 years$16,895$12,112$8,517$5,893$4,024$934
31 years$16,173$11,450$7,940$5,412$3,638$795
32 years$15,497$10,834$7,408$4,974$3,291$677
33 years$14,864$10,260$6,917$4,574$2,978$577
34 years$14,269$9,724$6,463$4,208$2,696$491
35 years$13,710$9,223$6,042$3,874$2,442$419
36 years$13,182$8,754$5,653$3,568$2,213$357
37 years$12,685$8,314$5,291$3,287$2,005$304
38 years$12,214$7,902$4,955$3,030$1,818$259
39 years$11,769$7,514$4,642$2,794$1,649$221
40 years$11,347$7,149$4,351$2,577$1,495$188
41 years$10,947$6,805$4,080$2,377$1,357$160
42 years$10,567$6,481$3,827$2,194$1,231$137
43 years$10,206$6,175$3,591$2,025$1,117$117
44 years$9,862$5,886$3,371$1,870$1,014$99
45 years$9,534$5,613$3,165$1,727$921$85
46 years$9,221$5,354$2,973$1,595$836$72
47 years$8,923$5,110$2,793$1,474$759$62
48 years$8,637$4,878$2,624$1,362$689$52
49 years$8,365$4,658$2,467$1,259$626$45
50 years$8,104$4,450$2,319$1,163$569$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,300,000, adding $5,236 every year, while hoping to spend $36,644 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: 44/46/10 Blend
58$8,300,000$8,300,000$8,300,000$8,300,000
59$9,152,001$8,712,101$8,583,451$9,528,277
60$10,046,516$9,100,005$8,832,008$10,178,018
61$11,031,044$9,505,688$9,087,663$10,877,663
62$12,114,726$9,929,983$9,350,616$11,635,124
63$13,307,638$10,373,761$9,621,071$12,455,728
64$14,620,878$10,837,937$9,899,238$13,345,319
65$16,066,679$11,323,467$10,185,333$14,310,313
66$17,658,517$11,831,354$10,479,579$15,357,751
67$19,411,243$12,362,648$10,782,202$16,495,365
68$21,341,222$12,918,449$11,093,438$17,731,643
69$23,466,484$13,499,911$11,413,526$19,075,911
70$25,806,899$14,108,240$11,742,713$20,538,412
71$28,384,362$14,744,704$12,081,253$22,130,397
72$31,222,999$15,410,626$12,429,407$23,864,234
73$34,349,395$16,107,397$12,787,442$25,753,509
74$37,792,845$16,836,471$13,155,633$27,813,159
75$41,585,631$17,599,374$13,534,263$30,059,602
76$45,763,326$18,397,704$13,923,621$32,510,888
77$50,365,128$19,233,134$14,324,005$35,186,861
78$55,434,233$20,107,420$14,735,722$38,109,344
79$61,018,241$21,022,399$15,159,084$41,302,339
80$67,169,604$21,979,999$15,594,416$44,792,240
81$73,946,122$22,982,237$16,042,047$48,608,082
82$81,411,489$24,031,230$16,502,318$52,781,806
83$89,635,894$25,129,193$16,975,579$57,348,550
84$98,696,681$26,278,450$17,462,187$62,346,975
85$108,679,084$27,481,435$17,962,511$67,819,623
86$119,677,025$28,740,700$18,476,930$73,813,304
87$131,794,005$30,058,918$19,005,831$80,379,535
88$145,144,080$31,438,891$19,549,613$87,575,012
89$159,852,936$32,883,556$20,108,684$95,462,138
90$176,059,075$34,395,991$20,683,465$104,109,598
91$193,915,128$35,979,421$21,274,388$113,593,002
92$213,589,285$37,637,227$21,881,894$123,995,578
93$235,266,893$39,372,952$22,506,439$135,408,954
94$259,152,199$41,190,310$23,148,488$147,934,007
95$285,470,281$43,093,193$23,808,520$161,681,800
96$314,469,171$45,085,681$24,487,027$176,774,618
97$346,422,197$47,172,049$25,184,512$193,347,108
98$381,630,563$49,356,781$25,901,495$211,547,534
99$420,426,190$51,644,574$26,638,505$231,539,162
100$463,174,855$54,040,351$27,396,089$253,501,781