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%18.6%
1 years$701,922$695,670$689,570$683,616$677,802$654,274
2 years$347,486$341,015$334,743$328,661$322,763$299,302
3 years$229,356$222,857$216,601$210,577$204,774$182,117
4 years$170,303$163,823$157,630$151,709$146,047$124,367
5 years$134,880$128,439$122,327$116,527$111,022$90,378
6 years$111,273$104,880$98,859$93,187$87,848$68,254
7 years$94,417$88,078$82,152$76,614$71,444$52,897
8 years$81,781$75,500$69,671$64,270$59,270$41,755
9 years$71,958$65,736$60,008$54,744$49,914$33,409
10 years$64,104$57,943$52,316$47,190$42,529$27,006
11 years$57,683$51,583$46,058$41,069$36,576$22,005
12 years$52,335$46,298$40,876$36,023$31,696$18,042
13 years$47,814$41,840$36,520$31,803$27,640$14,867
14 years$43,942$38,032$32,813$28,231$24,229$12,300
15 years$40,589$34,743$29,626$25,177$21,333$10,209
16 years$37,658$31,876$26,860$22,544$18,854$8,496
17 years$35,075$29,356$24,442$20,255$16,717$7,086
18 years$32,781$27,126$22,312$18,254$14,864$5,921
19 years$30,731$25,141$20,426$16,494$13,249$4,954
20 years$28,889$23,362$18,746$14,939$11,834$4,151
21 years$27,224$21,761$17,242$13,558$10,590$3,481
22 years$25,712$20,313$15,892$12,327$9,493$2,922
23 years$24,334$18,998$14,673$11,226$8,521$2,455
24 years$23,073$17,800$13,570$10,239$7,659$2,063
25 years$21,914$16,704$12,569$9,351$6,892$1,735
26 years$20,847$15,699$11,657$8,550$6,208$1,460
27 years$19,860$14,775$10,824$7,826$5,597$1,228
28 years$18,945$13,922$10,063$7,170$5,050$1,034
29 years$18,094$13,134$9,364$6,575$4,560$871
30 years$17,302$12,404$8,722$6,035$4,121$733
31 years$16,563$11,726$8,132$5,542$3,725$618
32 years$15,871$11,095$7,587$5,093$3,370$520
33 years$15,222$10,507$7,084$4,684$3,050$439
34 years$14,613$9,958$6,619$4,310$2,761$370
35 years$14,040$9,445$6,188$3,967$2,501$311
36 years$13,500$8,965$5,789$3,654$2,266$263
37 years$12,990$8,515$5,418$3,366$2,054$221
38 years$12,509$8,092$5,074$3,103$1,862$187
39 years$12,053$7,695$4,754$2,861$1,688$157
40 years$11,621$7,321$4,456$2,639$1,531$133
41 years$11,211$6,969$4,178$2,435$1,389$112
42 years$10,822$6,637$3,919$2,247$1,261$94
43 years$10,452$6,324$3,678$2,074$1,144$79
44 years$10,099$6,028$3,452$1,915$1,039$67
45 years$9,763$5,748$3,241$1,769$943$56
46 years$9,443$5,483$3,044$1,634$856$48
47 years$9,138$5,233$2,860$1,509$777$40
48 years$8,846$4,995$2,688$1,395$706$34
49 years$8,566$4,770$2,526$1,289$641$29
50 years$8,299$4,557$2,375$1,191$582$24

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 $6,025 every year, while hoping to spend $38,977 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: 59/17/24 Blend
58$8,500,000$8,500,000$8,500,000$8,500,000
59$9,373,215$8,922,715$8,790,965$9,865,500
60$10,287,811$9,318,457$9,043,991$10,597,136
61$11,294,391$9,732,283$9,304,187$11,390,030
62$12,402,293$10,165,040$9,571,752$12,254,010
63$13,621,812$10,617,612$9,846,891$13,195,976
64$14,964,289$11,090,926$10,129,813$14,223,519
65$16,442,218$11,585,954$10,420,734$15,344,991
66$18,069,372$12,103,713$10,719,876$16,569,581
67$19,860,921$12,645,268$11,027,465$17,907,401
68$21,833,585$13,211,737$11,343,735$19,369,578
69$24,005,787$13,804,288$11,668,927$20,968,358
70$26,397,826$14,424,147$12,003,285$22,717,221
71$29,032,072$15,072,598$12,347,063$24,631,000
72$31,933,174$15,750,986$12,700,519$26,726,027
73$35,128,293$16,460,719$13,063,922$29,020,280
74$38,647,359$17,203,274$13,437,543$31,533,548
75$42,523,352$17,980,198$13,821,664$34,287,623
76$46,792,617$18,793,111$14,216,573$37,306,493
77$51,495,202$19,643,711$14,622,566$40,616,573
78$56,675,237$20,533,777$15,039,946$44,246,950
79$62,381,352$21,465,173$15,469,025$48,229,652
80$68,667,136$22,439,853$15,910,124$52,599,948
81$75,591,641$23,459,863$16,363,570$57,396,680
82$83,219,940$24,527,348$16,829,701$62,662,623
83$91,623,741$25,644,555$17,308,864$68,444,887
84$100,882,064$26,813,839$17,801,412$74,795,357
85$111,081,986$28,037,669$18,307,710$81,771,181
86$122,319,463$29,318,629$18,828,133$89,435,300
87$134,700,237$30,659,431$19,363,065$97,857,046
88$148,340,832$32,062,914$19,912,898$107,112,782
89$163,369,655$33,532,054$20,478,038$117,286,630
90$179,928,206$35,069,971$21,058,898$128,471,248
91$198,172,418$36,679,934$21,655,906$140,768,709
92$218,274,122$38,365,368$22,269,496$154,291,455
93$240,422,675$40,129,864$22,900,117$169,163,353
94$264,826,746$41,977,185$23,548,229$185,520,860
95$291,716,282$43,911,276$24,214,303$203,514,305
96$321,344,683$45,936,268$24,898,822$223,309,300
97$353,991,191$48,056,496$25,602,283$245,088,299
98$389,963,527$50,276,499$26,325,194$269,052,311
99$429,600,796$52,601,037$27,068,078$295,422,796
100$473,276,689$55,035,098$27,831,469$324,443,741