Can I retire at age 59 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$710,180$703,854$697,682$691,658$685,776$679,180
2 years$351,574$345,026$338,681$332,528$326,560$319,915
3 years$232,055$225,479$219,149$213,054$207,183$200,696
4 years$172,307$165,751$159,484$153,493$147,765$141,485
5 years$136,467$129,951$123,766$117,898$112,328$106,274
6 years$112,582$106,114$100,022$94,284$88,882$83,061
7 years$95,528$89,115$83,118$77,516$72,285$66,700
8 years$82,743$76,388$70,491$65,026$59,967$54,618
9 years$72,804$66,509$60,714$55,388$50,501$45,386
10 years$64,858$58,625$52,932$47,745$43,029$38,145
11 years$58,361$52,190$46,600$41,552$37,007$32,349
12 years$52,951$46,843$41,357$36,447$32,069$27,634
13 years$48,376$42,332$36,949$32,177$27,965$23,747
14 years$44,459$38,479$33,199$28,563$24,514$20,507
15 years$41,066$35,151$29,974$25,473$21,584$17,783
16 years$38,101$32,251$27,176$22,809$19,076$15,475
17 years$35,488$29,702$24,729$20,493$16,914$13,506
18 years$33,167$27,446$22,575$18,469$15,039$11,817
19 years$31,093$25,436$20,666$16,688$13,405$10,362
20 years$29,229$23,637$18,966$15,114$11,973$9,104
21 years$27,544$22,017$17,445$13,717$10,715$8,011
22 years$26,015$20,552$16,078$12,472$9,604$7,059
23 years$24,621$19,222$14,846$11,359$8,621$6,229
24 years$23,344$18,009$13,730$10,360$7,749$5,501
25 years$22,172$16,901$12,716$9,461$6,973$4,864
26 years$21,092$15,884$11,794$8,651$6,281$4,304
27 years$20,093$14,949$10,952$7,918$5,663$3,811
28 years$19,168$14,086$10,181$7,255$5,110$3,376
29 years$18,307$13,289$9,474$6,653$4,614$2,993
30 years$17,506$12,550$8,825$6,106$4,169$2,655
31 years$16,758$11,864$8,227$5,607$3,769$2,356
32 years$16,058$11,225$7,676$5,153$3,409$2,092
33 years$15,401$10,631$7,167$4,739$3,086$1,857
34 years$14,785$10,076$6,697$4,360$2,794$1,650
35 years$14,205$9,556$6,261$4,014$2,530$1,466
36 years$13,659$9,070$5,857$3,697$2,293$1,303
37 years$13,143$8,615$5,482$3,406$2,078$1,158
38 years$12,656$8,187$5,134$3,139$1,884$1,030
39 years$12,195$7,785$4,810$2,895$1,708$916
40 years$11,758$7,407$4,508$2,670$1,549$815
41 years$11,343$7,051$4,227$2,463$1,406$725
42 years$10,949$6,715$3,965$2,273$1,276$645
43 years$10,575$6,398$3,721$2,099$1,158$573
44 years$10,218$6,099$3,493$1,938$1,051$510
45 years$9,878$5,816$3,279$1,790$954$454
46 years$9,554$5,548$3,080$1,653$866$404
47 years$9,245$5,294$2,894$1,527$786$360
48 years$8,950$5,054$2,719$1,411$714$320
49 years$8,667$4,826$2,556$1,304$649$285
50 years$8,397$4,610$2,403$1,205$589$254

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,600,000, adding $5,116 every year, while hoping to spend $23,071 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: 30/49/21 Blend
58$8,600,000$8,600,000$8,600,000$8,600,000
59$9,482,477$9,026,677$8,893,377$9,704,558
60$10,425,142$9,444,437$9,166,758$10,292,108
61$11,463,186$9,881,894$9,448,524$10,921,343
62$12,606,313$10,339,988$9,738,931$11,597,804
63$13,865,216$10,819,707$10,038,244$12,325,589
64$15,251,679$11,322,083$10,346,736$13,109,186
65$16,778,685$11,848,200$10,664,687$13,953,504
66$18,460,543$12,399,194$10,992,386$14,863,920
67$20,313,019$12,976,255$11,330,131$15,846,324
68$22,353,487$13,580,632$11,678,231$16,907,167
69$24,601,092$14,213,632$12,037,001$18,053,521
70$27,076,930$14,876,626$12,406,767$19,293,134
71$29,804,249$15,571,054$12,787,866$20,634,505
72$32,808,667$16,298,420$13,180,644$22,086,953
73$36,118,414$17,060,305$13,585,459$23,660,700
74$39,764,598$17,858,366$14,002,677$25,366,962
75$43,781,499$18,694,338$14,432,679$27,218,046
76$48,206,893$19,570,041$14,875,854$29,227,462
77$53,082,407$20,487,384$15,332,606$31,410,040
78$58,453,913$21,448,366$15,803,349$33,782,063
79$64,371,961$22,455,086$16,288,511$36,361,414
80$70,892,256$23,509,740$16,788,531$39,167,734
81$78,076,184$24,614,635$17,303,865$42,222,602
82$85,991,389$25,772,187$17,834,978$45,549,723
83$94,712,416$26,984,928$18,382,355$49,175,150
84$104,321,409$28,255,517$18,946,490$53,127,513
85$114,908,892$29,586,736$19,527,897$57,438,281
86$126,574,618$30,981,506$20,127,101$62,142,047
87$139,428,518$32,442,888$20,744,647$67,276,847
88$153,591,728$33,974,091$21,381,095$72,884,500
89$169,197,743$35,578,480$22,037,020$79,010,993
90$186,393,672$37,259,584$22,713,019$85,706,904
91$205,341,624$39,021,102$23,409,703$93,027,860
92$226,220,244$40,866,911$24,127,703$101,035,052
93$249,226,399$42,801,079$24,867,670$109,795,796
94$274,577,029$44,827,869$25,630,274$119,384,149
95$302,511,203$46,951,752$26,416,206$129,881,596
96$333,292,374$49,177,416$27,226,178$141,377,798
97$367,210,863$51,509,776$28,060,921$153,971,421
98$404,586,602$53,953,986$28,921,193$167,771,048
99$445,772,153$56,515,450$29,807,771$182,896,182
100$491,156,039$59,199,833$30,721,457$199,478,356