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%17.8%
1 years$685,406$679,301$673,344$667,531$661,854$640,924
2 years$339,310$332,991$326,866$320,928$315,168$294,272
3 years$223,960$217,613$211,504$205,622$199,956$179,748
4 years$166,296$159,969$153,921$148,139$142,610$123,246
5 years$131,707$125,417$119,449$113,785$108,410$89,941
6 years$108,655$102,413$96,532$90,995$85,781$68,223
7 years$92,195$86,006$80,219$74,812$69,763$53,115
8 years$79,857$73,723$68,032$62,758$57,875$42,126
9 years$70,265$64,189$58,596$53,456$48,739$33,871
10 years$62,596$56,580$51,085$46,079$41,528$27,518
11 years$56,325$50,370$44,975$40,103$35,716$22,539
12 years$51,104$45,209$39,914$35,176$30,950$18,578
13 years$46,689$40,856$35,660$31,055$26,989$15,392
14 years$42,908$37,137$32,041$27,567$23,659$12,805
15 years$39,634$33,925$28,929$24,585$20,831$10,689
16 years$36,772$31,126$26,228$22,013$18,411$8,947
17 years$34,250$28,665$23,867$19,779$16,324$7,506
18 years$32,010$26,488$21,787$17,824$14,515$6,309
19 years$30,008$24,549$19,945$16,106$12,937$5,312
20 years$28,209$22,812$18,305$14,587$11,556$4,478
21 years$26,583$21,249$16,837$13,239$10,341$3,779
22 years$25,107$19,835$15,518$12,037$9,269$3,192
23 years$23,762$18,551$14,328$10,962$8,321$2,698
24 years$22,530$17,381$13,251$9,998$7,479$2,282
25 years$21,399$16,311$12,273$9,131$6,730$1,931
26 years$20,356$15,330$11,382$8,349$6,062$1,635
27 years$19,392$14,427$10,570$7,642$5,465$1,385
28 years$18,499$13,595$9,826$7,002$4,931$1,174
29 years$17,669$12,825$9,144$6,421$4,453$995
30 years$16,895$12,112$8,517$5,893$4,024$843
31 years$16,173$11,450$7,940$5,412$3,638$715
32 years$15,497$10,834$7,408$4,974$3,291$607
33 years$14,864$10,260$6,917$4,574$2,978$515
34 years$14,269$9,724$6,463$4,208$2,696$436
35 years$13,710$9,223$6,042$3,874$2,442$370
36 years$13,182$8,754$5,653$3,568$2,213$314
37 years$12,685$8,314$5,291$3,287$2,005$267
38 years$12,214$7,902$4,955$3,030$1,818$226
39 years$11,769$7,514$4,642$2,794$1,649$192
40 years$11,347$7,149$4,351$2,577$1,495$163
41 years$10,947$6,805$4,080$2,377$1,357$138
42 years$10,567$6,481$3,827$2,194$1,231$117
43 years$10,206$6,175$3,591$2,025$1,117$100
44 years$9,862$5,886$3,371$1,870$1,014$85
45 years$9,534$5,613$3,165$1,727$921$72
46 years$9,221$5,354$2,973$1,595$836$61
47 years$8,923$5,110$2,793$1,474$759$52
48 years$8,637$4,878$2,624$1,362$689$44
49 years$8,365$4,658$2,467$1,259$626$37
50 years$8,104$4,450$2,319$1,163$569$32

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 $3,283 every year, while hoping to spend $41,883 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: 47/37/16 Blend
58$8,300,000$8,300,000$8,300,000$8,300,000
59$9,149,986$8,710,086$8,581,436$9,538,574
60$10,038,722$9,092,317$8,824,351$10,190,835
61$11,016,705$9,491,874$9,074,000$10,893,833
62$12,092,994$9,909,561$9,330,564$11,655,932
63$13,277,570$10,346,221$9,594,230$12,482,659
64$14,581,434$10,802,737$9,865,187$13,380,085
65$16,016,702$11,280,033$10,143,633$14,354,878
66$17,596,728$11,779,077$10,429,767$15,414,363
67$19,336,226$12,300,883$10,723,796$16,566,588
68$21,251,408$12,846,514$11,025,931$17,820,399
69$23,360,141$13,417,082$11,336,388$19,185,516
70$25,682,108$14,013,752$11,655,390$20,672,624
71$28,239,001$14,637,745$11,983,164$22,293,470
72$31,054,724$15,290,338$12,319,945$24,060,967
73$34,155,613$15,972,873$12,665,971$25,989,318
74$37,570,693$16,686,750$13,021,487$28,094,140
75$41,331,943$17,433,441$13,386,747$30,392,609
76$45,474,606$18,214,484$13,762,008$32,903,619
77$50,037,515$19,031,493$14,147,534$35,647,953
78$55,063,462$19,886,156$14,543,597$38,648,475
79$60,599,602$20,780,245$14,950,475$41,930,343
80$66,697,899$21,715,614$15,368,453$45,521,237
81$73,415,611$22,694,206$15,797,822$49,451,617
82$80,815,838$23,718,057$16,238,884$53,755,004
83$88,968,110$24,789,299$16,691,944$58,468,289
84$97,949,050$25,910,167$17,157,316$63,632,078
85$107,843,091$27,083,002$17,635,324$69,291,065
86$118,743,275$28,310,259$18,126,297$75,494,447
87$130,752,135$29,594,507$18,630,573$82,296,382
88$143,982,655$30,938,440$19,148,500$89,756,495
89$158,559,343$32,344,881$19,680,431$97,940,426
90$174,619,403$33,816,787$20,226,732$106,920,446
91$192,314,029$35,357,257$20,787,775$116,776,132
92$211,809,836$36,969,538$21,363,942$127,595,102
93$233,290,428$38,657,034$21,955,622$139,473,839
94$256,958,134$40,423,311$22,563,218$152,518,587
95$283,035,917$42,272,107$23,187,139$166,846,346
96$311,769,477$44,207,337$23,827,805$182,585,964
97$343,429,573$46,233,106$24,485,646$199,879,343
98$378,314,577$48,353,715$25,161,102$218,882,763
99$416,753,289$50,573,672$25,854,625$239,768,349
100$459,108,045$52,897,703$26,566,675$262,725,677