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%13.1%
1 years$710,180$703,854$697,682$691,658$685,776$676,926
2 years$351,574$345,026$338,681$332,528$326,560$317,657
3 years$232,055$225,479$219,149$213,054$207,183$198,503
4 years$172,307$165,751$159,484$153,493$147,765$139,374
5 years$136,467$129,951$123,766$117,898$112,328$104,252
6 years$112,582$106,114$100,022$94,284$88,882$81,130
7 years$95,528$89,115$83,118$77,516$72,285$64,860
8 years$82,743$76,388$70,491$65,026$59,967$52,868
9 years$72,804$66,509$60,714$55,388$50,501$43,725
10 years$64,858$58,625$52,932$47,745$43,029$36,572
11 years$58,361$52,190$46,600$41,552$37,007$30,862
12 years$52,951$46,843$41,357$36,447$32,069$26,230
13 years$48,376$42,332$36,949$32,177$27,965$22,423
14 years$44,459$38,479$33,199$28,563$24,514$19,262
15 years$41,066$35,151$29,974$25,473$21,584$16,613
16 years$38,101$32,251$27,176$22,809$19,076$14,377
17 years$35,488$29,702$24,729$20,493$16,914$12,477
18 years$33,167$27,446$22,575$18,469$15,039$10,855
19 years$31,093$25,436$20,666$16,688$13,405$9,464
20 years$29,229$23,637$18,966$15,114$11,973$8,265
21 years$27,544$22,017$17,445$13,717$10,715$7,230
22 years$26,015$20,552$16,078$12,472$9,604$6,333
23 years$24,621$19,222$14,846$11,359$8,621$5,553
24 years$23,344$18,009$13,730$10,360$7,749$4,875
25 years$22,172$16,901$12,716$9,461$6,973$4,283
26 years$21,092$15,884$11,794$8,651$6,281$3,766
27 years$20,093$14,949$10,952$7,918$5,663$3,313
28 years$19,168$14,086$10,181$7,255$5,110$2,917
29 years$18,307$13,289$9,474$6,653$4,614$2,569
30 years$17,506$12,550$8,825$6,106$4,169$2,264
31 years$16,758$11,864$8,227$5,607$3,769$1,996
32 years$16,058$11,225$7,676$5,153$3,409$1,760
33 years$15,401$10,631$7,167$4,739$3,086$1,553
34 years$14,785$10,076$6,697$4,360$2,794$1,370
35 years$14,205$9,556$6,261$4,014$2,530$1,209
36 years$13,659$9,070$5,857$3,697$2,293$1,067
37 years$13,143$8,615$5,482$3,406$2,078$943
38 years$12,656$8,187$5,134$3,139$1,884$832
39 years$12,195$7,785$4,810$2,895$1,708$735
40 years$11,758$7,407$4,508$2,670$1,549$649
41 years$11,343$7,051$4,227$2,463$1,406$574
42 years$10,949$6,715$3,965$2,273$1,276$507
43 years$10,575$6,398$3,721$2,099$1,158$448
44 years$10,218$6,099$3,493$1,938$1,051$396
45 years$9,878$5,816$3,279$1,790$954$350
46 years$9,554$5,548$3,080$1,653$866$309
47 years$9,245$5,294$2,894$1,527$786$273
48 years$8,950$5,054$2,719$1,411$714$241
49 years$8,667$4,826$2,556$1,304$649$213
50 years$8,397$4,610$2,403$1,205$589$189

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 $3,855 every year, while hoping to spend $56,552 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: 32/45/23 Blend
58$8,600,000$8,600,000$8,600,000$8,600,000
59$9,481,176$9,025,376$8,892,076$9,717,314
60$10,388,086$9,407,449$9,129,790$10,277,992
61$11,385,604$9,806,348$9,373,572$10,876,123
62$12,482,914$10,222,837$9,623,565$11,519,229
63$13,690,133$10,657,718$9,879,916$12,211,291
64$15,018,409$11,111,828$10,142,775$12,956,669
65$16,480,023$11,586,044$10,412,294$13,760,146
66$18,088,508$12,081,283$10,688,629$14,626,964
67$19,858,775$12,598,505$10,971,938$15,562,872
68$21,807,255$13,138,717$11,262,383$16,574,178
69$23,952,051$13,702,970$11,560,128$17,667,801
70$26,313,110$14,292,365$11,865,342$18,851,337
71$28,912,412$14,908,056$12,178,197$20,133,120
72$31,774,178$15,551,251$12,498,866$21,522,304
73$34,925,093$16,223,211$12,827,527$23,028,938
74$38,394,566$16,925,262$13,164,362$24,664,060
75$42,214,998$17,658,786$13,509,555$26,439,794
76$46,422,097$18,425,236$13,863,294$28,369,461
77$51,055,206$19,226,128$14,225,770$30,467,699
78$56,157,682$20,063,052$14,597,177$32,750,592
79$61,777,297$20,937,674$14,977,715$35,235,821
80$67,966,697$21,851,735$15,367,583$37,942,820
81$74,783,890$22,807,061$15,766,988$40,892,957
82$82,292,803$23,805,562$16,176,138$44,109,726
83$90,563,874$24,849,240$16,595,244$47,618,963
84$99,674,727$25,940,191$17,024,522$51,449,080
85$109,710,897$27,080,608$17,464,191$55,631,329
86$120,766,640$28,272,790$17,914,474$60,200,087
87$132,945,824$29,519,143$18,375,596$65,193,172
88$146,362,906$30,822,189$18,847,786$70,652,190
89$161,144,014$32,184,568$19,331,278$76,622,920
90$177,428,135$33,609,043$19,826,308$83,155,739
91$195,368,431$35,098,513$20,333,115$90,306,079
92$215,133,680$36,656,009$20,851,944$98,134,950
93$236,909,871$38,284,708$21,383,039$106,709,497
94$260,901,959$39,987,940$21,926,652$116,103,625
95$287,335,799$41,769,189$22,483,035$126,398,688
96$316,460,278$43,632,108$23,052,445$137,684,237
97$348,549,666$45,580,521$23,635,141$150,058,858
98$383,906,200$47,618,434$24,231,387$163,631,086
99$422,862,942$49,750,047$24,841,447$178,520,418
100$465,786,918$51,979,755$25,465,591$194,858,421