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%13.2%
1 years$710,180$703,854$697,682$691,658$685,776$676,646
2 years$351,574$345,026$338,681$332,528$326,560$317,376
3 years$232,055$225,479$219,149$213,054$207,183$198,231
4 years$172,307$165,751$159,484$153,493$147,765$139,113
5 years$136,467$129,951$123,766$117,898$112,328$104,003
6 years$112,582$106,114$100,022$94,284$88,882$80,892
7 years$95,528$89,115$83,118$77,516$72,285$64,633
8 years$82,743$76,388$70,491$65,026$59,967$52,654
9 years$72,804$66,509$60,714$55,388$50,501$43,522
10 years$64,858$58,625$52,932$47,745$43,029$36,380
11 years$58,361$52,190$46,600$41,552$37,007$30,680
12 years$52,951$46,843$41,357$36,447$32,069$26,059
13 years$48,376$42,332$36,949$32,177$27,965$22,263
14 years$44,459$38,479$33,199$28,563$24,514$19,111
15 years$41,066$35,151$29,974$25,473$21,584$16,472
16 years$38,101$32,251$27,176$22,809$19,076$14,245
17 years$35,488$29,702$24,729$20,493$16,914$12,354
18 years$33,167$27,446$22,575$18,469$15,039$10,740
19 years$31,093$25,436$20,666$16,688$13,405$9,357
20 years$29,229$23,637$18,966$15,114$11,973$8,166
21 years$27,544$22,017$17,445$13,717$10,715$7,138
22 years$26,015$20,552$16,078$12,472$9,604$6,247
23 years$24,621$19,222$14,846$11,359$8,621$5,474
24 years$23,344$18,009$13,730$10,360$7,749$4,801
25 years$22,172$16,901$12,716$9,461$6,973$4,215
26 years$21,092$15,884$11,794$8,651$6,281$3,703
27 years$20,093$14,949$10,952$7,918$5,663$3,256
28 years$19,168$14,086$10,181$7,255$5,110$2,864
29 years$18,307$13,289$9,474$6,653$4,614$2,520
30 years$17,506$12,550$8,825$6,106$4,169$2,219
31 years$16,758$11,864$8,227$5,607$3,769$1,955
32 years$16,058$11,225$7,676$5,153$3,409$1,722
33 years$15,401$10,631$7,167$4,739$3,086$1,518
34 years$14,785$10,076$6,697$4,360$2,794$1,338
35 years$14,205$9,556$6,261$4,014$2,530$1,180
36 years$13,659$9,070$5,857$3,697$2,293$1,041
37 years$13,143$8,615$5,482$3,406$2,078$918
38 years$12,656$8,187$5,134$3,139$1,884$810
39 years$12,195$7,785$4,810$2,895$1,708$715
40 years$11,758$7,407$4,508$2,670$1,549$631
41 years$11,343$7,051$4,227$2,463$1,406$557
42 years$10,949$6,715$3,965$2,273$1,276$492
43 years$10,575$6,398$3,721$2,099$1,158$434
44 years$10,218$6,099$3,493$1,938$1,051$383
45 years$9,878$5,816$3,279$1,790$954$338
46 years$9,554$5,548$3,080$1,653$866$299
47 years$9,245$5,294$2,894$1,527$786$264
48 years$8,950$5,054$2,719$1,411$714$233
49 years$8,667$4,826$2,556$1,304$649$206
50 years$8,397$4,610$2,403$1,205$589$182

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 $3,989 every year, while hoping to spend $32,766 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: 58/24/18 Blend
58$8,600,000$8,600,000$8,600,000$8,600,000
59$9,481,315$9,025,515$8,892,215$9,986,243
60$10,413,546$9,432,902$9,155,241$10,736,582
61$11,439,767$9,859,153$9,425,981$11,550,264
62$12,569,529$10,305,158$9,704,657$12,436,579
63$13,813,359$10,771,849$9,991,501$13,402,530
64$15,182,854$11,260,202$10,286,749$14,455,822
65$16,690,795$11,771,241$10,590,644$15,604,926
66$18,351,263$12,306,039$10,903,438$16,859,159
67$20,179,776$12,865,719$11,225,387$18,228,771
68$22,193,433$13,451,459$11,556,758$19,725,035
69$24,411,075$14,064,493$11,897,821$21,360,358
70$26,853,465$14,706,113$12,248,859$23,148,385
71$29,543,482$15,377,676$12,610,159$25,104,137
72$32,506,335$16,080,601$12,982,017$27,244,138
73$35,769,806$16,816,375$13,364,740$29,586,578
74$39,364,508$17,586,559$13,758,640$32,151,472
75$43,324,174$18,392,787$14,164,041$34,960,856
76$47,685,978$19,236,771$14,581,274$38,038,980
77$52,490,881$20,120,306$15,010,681$41,412,542
78$57,784,024$21,045,275$15,452,612$45,110,933
79$63,615,149$22,013,647$15,907,428$49,166,509
80$70,039,069$23,027,490$16,375,501$53,614,895
81$77,116,186$24,088,970$16,857,213$58,495,313
82$84,913,063$25,200,355$17,352,956$63,850,953
83$93,503,049$26,364,026$17,863,133$69,729,369
84$102,966,972$27,582,476$18,388,160$76,182,931
85$113,393,904$28,858,317$18,928,464$83,269,305
86$124,881,998$30,194,291$19,484,484$91,052,000
87$137,539,418$31,593,268$20,056,671$99,600,956
88$151,485,358$33,058,257$20,645,488$108,993,201
89$166,851,167$34,592,414$21,251,414$119,313,573
90$183,781,588$36,199,045$21,874,939$130,655,509
91$202,436,129$37,881,616$22,516,568$143,121,925
92$222,990,560$39,643,761$23,176,819$156,826,181
93$245,638,580$41,489,289$23,856,226$171,893,137
94$270,593,643$43,422,191$24,555,337$188,460,333
95$298,090,969$45,446,654$25,274,715$206,679,272
96$328,389,771$47,567,063$26,014,942$226,716,843
97$361,775,697$49,788,019$26,776,612$248,756,891
98$398,563,528$52,114,341$27,560,338$273,001,939
99$439,100,149$54,551,085$28,366,750$299,675,091
100$483,767,824$57,103,548$29,196,496$329,022,132