Can I retire at age 59 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$701,922$695,670$689,570$683,616$677,802$658,746
2 years$347,486$341,015$334,743$328,661$322,763$303,710
3 years$229,356$222,857$216,601$210,577$204,774$186,320
4 years$170,303$163,823$157,630$151,709$146,047$128,334
5 years$134,880$128,439$122,327$116,527$111,022$94,099
6 years$111,273$104,880$98,859$93,187$87,848$71,730
7 years$94,417$88,078$82,152$76,614$71,444$56,132
8 years$81,781$75,500$69,671$64,270$59,270$44,755
9 years$71,958$65,736$60,008$54,744$49,914$36,182
10 years$64,104$57,943$52,316$47,190$42,529$29,562
11 years$57,683$51,583$46,058$41,069$36,576$24,353
12 years$52,335$46,298$40,876$36,023$31,696$20,194
13 years$47,814$41,840$36,520$31,803$27,640$16,833
14 years$43,942$38,032$32,813$28,231$24,229$14,092
15 years$40,589$34,743$29,626$25,177$21,333$11,838
16 years$37,658$31,876$26,860$22,544$18,854$9,973
17 years$35,075$29,356$24,442$20,255$16,717$8,422
18 years$32,781$27,126$22,312$18,254$14,864$7,127
19 years$30,731$25,141$20,426$16,494$13,249$6,041
20 years$28,889$23,362$18,746$14,939$11,834$5,127
21 years$27,224$21,761$17,242$13,558$10,590$4,357
22 years$25,712$20,313$15,892$12,327$9,493$3,706
23 years$24,334$18,998$14,673$11,226$8,521$3,155
24 years$23,073$17,800$13,570$10,239$7,659$2,688
25 years$21,914$16,704$12,569$9,351$6,892$2,291
26 years$20,847$15,699$11,657$8,550$6,208$1,954
27 years$19,860$14,775$10,824$7,826$5,597$1,668
28 years$18,945$13,922$10,063$7,170$5,050$1,423
29 years$18,094$13,134$9,364$6,575$4,560$1,215
30 years$17,302$12,404$8,722$6,035$4,121$1,038
31 years$16,563$11,726$8,132$5,542$3,725$887
32 years$15,871$11,095$7,587$5,093$3,370$758
33 years$15,222$10,507$7,084$4,684$3,050$648
34 years$14,613$9,958$6,619$4,310$2,761$553
35 years$14,040$9,445$6,188$3,967$2,501$473
36 years$13,500$8,965$5,789$3,654$2,266$404
37 years$12,990$8,515$5,418$3,366$2,054$346
38 years$12,509$8,092$5,074$3,103$1,862$296
39 years$12,053$7,695$4,754$2,861$1,688$253
40 years$11,621$7,321$4,456$2,639$1,531$216
41 years$11,211$6,969$4,178$2,435$1,389$185
42 years$10,822$6,637$3,919$2,247$1,261$158
43 years$10,452$6,324$3,678$2,074$1,144$135
44 years$10,099$6,028$3,452$1,915$1,039$116
45 years$9,763$5,748$3,241$1,769$943$99
46 years$9,443$5,483$3,044$1,634$856$85
47 years$9,138$5,233$2,860$1,509$777$72
48 years$8,846$4,995$2,688$1,395$706$62
49 years$8,566$4,770$2,526$1,289$641$53
50 years$8,299$4,557$2,375$1,191$582$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,500,000, adding $4,174 every year, while hoping to spend $54,876 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: 43/47/10 Blend
58$8,500,000$8,500,000$8,500,000$8,500,000
59$9,371,305$8,920,805$8,789,055$9,746,958
60$10,268,791$9,299,537$9,025,101$10,387,766
61$11,255,981$9,694,988$9,267,215$11,075,676
62$12,341,967$10,107,918$9,515,543$11,819,666
63$13,536,767$10,539,125$9,770,233$12,624,892
64$14,851,417$10,989,443$10,031,436$13,497,009
65$16,298,080$11,459,744$10,299,308$14,442,228
66$17,890,155$11,950,942$10,574,005$15,467,365
67$19,642,406$12,463,994$10,855,690$16,579,905
68$21,571,102$12,999,900$11,144,525$17,788,066
69$23,694,167$13,559,708$11,440,680$19,100,877
70$26,031,354$14,144,515$11,744,324$20,528,256
71$28,604,426$14,755,470$12,055,633$22,081,101
72$31,437,364$15,393,775$12,374,783$23,771,386
73$34,556,593$16,060,688$12,701,957$25,612,273
74$37,991,232$16,757,527$13,037,338$27,618,229
75$41,773,364$17,485,672$13,381,115$29,805,156
76$45,938,345$18,246,568$13,733,480$32,190,541
77$50,525,133$19,041,727$14,094,629$34,793,610
78$55,576,657$19,872,732$14,464,760$37,635,508
79$61,140,222$20,741,243$14,844,076$40,739,489
80$67,267,956$21,648,995$15,232,783$44,131,132
81$74,017,299$22,597,807$15,631,093$47,838,573
82$81,451,547$23,589,583$16,039,218$51,892,769
83$89,640,449$24,626,317$16,457,376$56,327,776
84$98,660,867$25,710,098$16,885,790$61,181,067
85$108,597,495$26,843,112$17,324,684$66,493,880
86$119,543,665$28,027,651$17,774,287$72,311,592
87$131,602,226$29,266,113$18,234,832$78,684,147
88$144,886,511$30,561,010$18,706,556$85,666,513
89$159,521,409$31,914,974$19,189,701$93,319,191
90$175,644,547$33,330,761$19,684,509$101,708,783
91$193,407,581$34,811,259$20,191,230$110,908,601
92$212,977,634$36,359,490$20,710,116$120,999,356
93$234,538,870$37,978,623$21,241,423$132,069,903
94$258,294,235$39,671,975$21,785,411$144,218,074
95$284,467,367$41,443,022$22,342,342$157,551,584
96$313,304,713$43,295,405$22,912,485$172,189,036
97$345,077,851$45,232,937$23,496,111$188,261,028
98$380,086,055$47,259,614$24,093,494$205,911,375
99$418,659,119$49,379,622$24,704,912$225,298,444
100$461,160,470$51,597,345$25,330,648$246,596,642