Can I retire at age 59 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$718,438$712,038$705,795$699,701$693,750$680,578
2 years$355,662$349,038$342,619$336,395$330,357$317,138
3 years$234,753$228,100$221,697$215,531$209,592$196,738
4 years$174,310$167,678$161,339$155,278$149,483$137,092
5 years$138,054$131,462$125,205$119,269$113,635$101,743
6 years$113,891$107,348$101,185$95,380$89,915$78,536
7 years$96,638$90,151$84,085$78,417$73,125$62,261
8 years$83,705$77,276$71,311$65,782$60,664$50,313
9 years$73,651$67,283$61,420$56,032$51,088$41,243
10 years$65,612$59,306$53,547$48,300$43,530$34,181
11 years$59,040$52,797$47,142$42,035$37,437$28,574
12 years$53,566$47,388$41,837$36,871$32,442$24,052
13 years$48,939$42,825$37,379$32,551$28,290$20,360
14 years$44,976$38,926$33,585$28,895$24,799$17,314
15 years$41,544$35,560$30,323$25,770$21,835$14,780
16 years$38,544$32,626$27,492$23,074$19,298$12,658
17 years$35,900$30,047$25,017$20,732$17,111$10,869
18 years$33,553$27,765$22,837$18,683$15,214$9,354
19 years$31,454$25,732$20,906$16,882$13,561$8,065
20 years$29,569$23,911$19,187$15,290$12,113$6,966
21 years$27,864$22,273$17,648$13,877$10,839$6,024
22 years$26,317$20,791$16,265$12,617$9,716$5,217
23 years$24,907$19,445$15,018$11,491$8,722$4,522
24 years$23,616$18,219$13,889$10,480$7,839$3,923
25 years$22,430$17,097$12,864$9,571$7,054$3,406
26 years$21,337$16,069$11,931$8,751$6,354$2,959
27 years$20,327$15,123$11,079$8,010$5,729$2,572
28 years$19,390$14,250$10,299$7,339$5,169$2,237
29 years$18,520$13,443$9,584$6,730$4,668$1,947
30 years$17,709$12,696$8,928$6,177$4,217$1,694
31 years$16,953$12,002$8,323$5,673$3,813$1,475
32 years$16,244$11,356$7,765$5,213$3,449$1,285
33 years$15,580$10,754$7,251$4,794$3,121$1,119
34 years$14,957$10,193$6,775$4,411$2,826$975
35 years$14,370$9,668$6,334$4,061$2,560$850
36 years$13,818$9,176$5,925$3,740$2,319$741
37 years$13,296$8,715$5,546$3,446$2,102$646
38 years$12,803$8,282$5,193$3,176$1,906$563
39 years$12,336$7,876$4,866$2,928$1,728$491
40 years$11,894$7,493$4,561$2,701$1,567$428
41 years$11,475$7,133$4,276$2,492$1,422$374
42 years$11,076$6,793$4,011$2,300$1,290$326
43 years$10,697$6,472$3,764$2,123$1,171$284
44 years$10,337$6,169$3,533$1,960$1,063$248
45 years$9,993$5,883$3,318$1,810$965$216
46 years$9,665$5,612$3,116$1,672$876$189
47 years$9,353$5,356$2,927$1,545$796$165
48 years$9,054$5,113$2,751$1,428$723$144
49 years$8,768$4,883$2,586$1,319$656$125
50 years$8,494$4,664$2,431$1,219$596$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,700,000, adding $3,443 every year, while hoping to spend $48,564 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: 63/7/30 Blend
58$8,700,000$8,700,000$8,700,000$8,700,000
59$9,590,951$9,129,851$8,995,001$10,117,643
60$10,517,557$9,525,542$9,244,662$10,871,704
61$11,537,048$9,938,995$9,501,059$11,689,478
62$12,658,849$10,371,027$9,764,366$12,581,793
63$13,893,341$10,822,497$10,034,762$13,555,974
64$15,251,966$11,294,303$10,312,430$14,620,087
65$16,747,327$11,787,385$10,597,558$15,783,010
66$18,393,314$12,302,727$10,890,336$17,054,519
67$20,205,232$12,841,360$11,190,962$18,445,374
68$22,199,943$13,404,364$11,499,637$19,967,425
69$24,396,029$13,992,869$11,816,566$21,633,720
70$26,813,963$14,608,059$12,141,960$23,458,624
71$29,476,307$15,251,174$12,476,036$25,457,960
72$32,407,921$15,923,513$12,819,014$27,649,150
73$35,636,199$16,626,434$13,171,120$30,051,384
74$39,191,324$17,361,362$13,532,586$32,685,793
75$43,106,560$18,129,790$13,903,648$35,575,653
76$47,418,557$18,933,278$14,284,549$38,746,601
77$52,167,706$19,773,464$14,675,536$42,226,873
78$57,398,509$20,652,061$15,076,864$46,047,572
79$63,160,010$21,570,866$15,488,793$50,242,959
80$69,506,250$22,531,757$15,911,586$54,850,773
81$76,496,780$23,536,705$16,345,517$59,912,587
82$84,197,223$24,587,775$16,790,862$65,474,198
83$92,679,890$25,687,126$17,247,906$71,586,057
84$102,024,467$26,837,024$17,716,940$78,303,742
85$112,318,765$28,039,840$18,198,260$85,688,484
86$123,659,547$29,298,060$18,692,169$93,807,738
87$136,153,443$30,614,288$19,198,980$102,735,821
88$149,917,957$31,991,250$19,719,008$112,554,609
89$165,082,572$33,431,805$20,252,578$123,354,310
90$181,789,976$34,938,946$20,800,021$135,234,308
91$200,197,409$36,515,809$21,361,677$148,304,104
92$220,478,143$38,165,682$21,937,892$162,684,342
93$242,823,121$39,892,008$22,529,018$178,507,951
94$267,442,757$41,698,394$23,135,418$195,921,388
95$294,568,923$43,588,620$23,757,460$215,086,027
96$324,457,140$45,566,649$24,395,521$236,179,673
97$357,388,983$47,636,630$25,049,986$259,398,236
98$393,674,746$49,802,912$25,721,248$284,957,584
99$433,656,369$52,070,052$26,409,707$313,095,569
100$477,710,660$54,442,827$27,115,775$344,074,275