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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$718,438$712,038$705,795$699,701$693,750$668,073
2 years$355,662$349,038$342,619$336,395$330,357$304,778
3 years$234,753$228,100$221,697$215,531$209,592$184,915
4 years$174,310$167,678$161,339$155,278$149,483$125,896
5 years$138,054$131,462$125,205$119,269$113,635$91,200
6 years$113,891$107,348$101,185$95,380$89,915$68,648
7 years$96,638$90,151$84,085$78,417$73,125$53,020
8 years$83,705$77,276$71,311$65,782$60,664$41,703
9 years$73,651$67,283$61,420$56,032$51,088$33,245
10 years$65,612$59,306$53,547$48,300$43,530$26,772
11 years$59,040$52,797$47,142$42,035$37,437$21,730
12 years$53,566$47,388$41,837$36,871$32,442$17,745
13 years$48,939$42,825$37,379$32,551$28,290$14,562
14 years$44,976$38,926$33,585$28,895$24,799$11,997
15 years$41,544$35,560$30,323$25,770$21,835$9,916
16 years$38,544$32,626$27,492$23,074$19,298$8,216
17 years$35,900$30,047$25,017$20,732$17,111$6,822
18 years$33,553$27,765$22,837$18,683$15,214$5,675
19 years$31,454$25,732$20,906$16,882$13,561$4,727
20 years$29,569$23,911$19,187$15,290$12,113$3,942
21 years$27,864$22,273$17,648$13,877$10,839$3,291
22 years$26,317$20,791$16,265$12,617$9,716$2,750
23 years$24,907$19,445$15,018$11,491$8,722$2,299
24 years$23,616$18,219$13,889$10,480$7,839$1,923
25 years$22,430$17,097$12,864$9,571$7,054$1,609
26 years$21,337$16,069$11,931$8,751$6,354$1,347
27 years$20,327$15,123$11,079$8,010$5,729$1,128
28 years$19,390$14,250$10,299$7,339$5,169$945
29 years$18,520$13,443$9,584$6,730$4,668$792
30 years$17,709$12,696$8,928$6,177$4,217$664
31 years$16,953$12,002$8,323$5,673$3,813$556
32 years$16,244$11,356$7,765$5,213$3,449$467
33 years$15,580$10,754$7,251$4,794$3,121$391
34 years$14,957$10,193$6,775$4,411$2,826$328
35 years$14,370$9,668$6,334$4,061$2,560$275
36 years$13,818$9,176$5,925$3,740$2,319$231
37 years$13,296$8,715$5,546$3,446$2,102$193
38 years$12,803$8,282$5,193$3,176$1,906$162
39 years$12,336$7,876$4,866$2,928$1,728$136
40 years$11,894$7,493$4,561$2,701$1,567$114
41 years$11,475$7,133$4,276$2,492$1,422$96
42 years$11,076$6,793$4,011$2,300$1,290$80
43 years$10,697$6,472$3,764$2,123$1,171$67
44 years$10,337$6,169$3,533$1,960$1,063$57
45 years$9,993$5,883$3,318$1,810$965$47
46 years$9,665$5,612$3,116$1,672$876$40
47 years$9,353$5,356$2,927$1,545$796$33
48 years$9,054$5,113$2,751$1,428$723$28
49 years$8,768$4,883$2,586$1,319$656$23
50 years$8,494$4,664$2,431$1,219$596$20

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 $2,524 every year, while hoping to spend $56,131 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: 68/16/16 Blend
58$8,700,000$8,700,000$8,700,000$8,700,000
59$9,590,004$9,128,904$8,994,054$10,205,602
60$10,508,461$9,516,497$9,235,631$11,004,004
61$11,518,720$9,921,201$9,483,421$11,870,107
62$12,630,084$10,343,795$9,737,571$12,816,034
63$13,852,807$10,785,095$9,998,233$13,849,629
64$15,198,182$11,245,953$10,265,562$14,979,526
65$16,678,655$11,727,264$10,539,718$16,215,227
66$18,307,940$12,229,962$10,820,861$17,567,192
67$20,101,147$12,755,027$11,109,156$19,046,935
68$22,074,922$13,303,482$11,404,771$20,667,132
69$24,247,612$13,876,400$11,707,879$22,441,739
70$26,639,430$14,474,904$12,018,654$24,386,119
71$29,272,647$15,100,170$12,337,274$26,517,190
72$32,171,806$15,753,428$12,663,922$28,853,580
73$35,363,950$16,435,966$12,998,783$31,415,800
74$38,878,877$17,149,132$13,342,047$34,226,438
75$42,749,423$17,894,340$13,693,906$37,310,369
76$47,011,769$18,673,067$14,054,556$40,694,987
77$51,705,784$19,486,862$14,424,198$44,410,460
78$56,875,401$20,337,345$14,803,036$48,490,017
79$62,569,031$21,226,215$15,191,277$52,970,255
80$68,840,020$22,155,247$15,589,133$57,891,482
81$75,747,152$23,126,304$15,996,819$63,298,096
82$83,355,204$24,141,335$16,414,554$69,239,003
83$91,735,554$25,202,380$16,842,561$75,768,071
84$100,966,861$26,311,577$17,281,068$82,944,639
85$111,135,801$27,471,165$17,730,304$90,834,074
86$122,337,888$28,683,487$18,190,504$99,508,382
87$134,678,375$29,951,000$18,661,908$109,046,887
88$148,273,244$31,276,274$19,144,757$119,536,976
89$163,250,308$32,662,004$19,639,299$131,074,916
90$179,750,407$34,111,010$20,145,783$143,766,766
91$197,928,746$35,626,247$20,664,465$157,729,366
92$217,956,355$37,210,811$21,195,602$173,091,444
93$240,021,706$38,867,942$21,739,456$189,994,819
94$264,332,486$40,601,038$22,296,295$208,595,739
95$291,117,566$42,413,656$22,866,387$229,066,353
96$320,629,155$44,309,521$23,450,007$251,596,326
97$353,145,179$46,292,538$24,047,433$276,394,628
98$388,971,911$48,366,797$24,658,946$303,691,501
99$428,446,856$50,536,580$25,284,831$333,740,623
100$471,941,940$52,806,377$25,925,378$366,821,503