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%13.4%
1 years$718,438$712,038$705,795$699,701$693,750$683,948
2 years$355,662$349,038$342,619$336,395$330,357$320,500
3 years$234,753$228,100$221,697$215,531$209,592$199,987
4 years$174,310$167,678$161,339$155,278$149,483$140,204
5 years$138,054$131,462$125,205$119,269$113,635$104,709
6 years$113,891$107,348$101,185$95,380$89,915$81,353
7 years$96,638$90,151$84,085$78,417$73,125$64,929
8 years$83,705$77,276$71,311$65,782$60,664$52,834
9 years$73,651$67,283$61,420$56,032$51,088$43,619
10 years$65,612$59,306$53,547$48,300$43,530$36,417
11 years$59,040$52,797$47,142$42,035$37,437$30,673
12 years$53,566$47,388$41,837$36,871$32,442$26,020
13 years$48,939$42,825$37,379$32,551$28,290$22,200
14 years$44,976$38,926$33,585$28,895$24,799$19,032
15 years$41,544$35,560$30,323$25,770$21,835$16,381
16 years$38,544$32,626$27,492$23,074$19,298$14,147
17 years$35,900$30,047$25,017$20,732$17,111$12,252
18 years$33,553$27,765$22,837$18,683$15,214$10,636
19 years$31,454$25,732$20,906$16,882$13,561$9,252
20 years$29,569$23,911$19,187$15,290$12,113$8,063
21 years$27,864$22,273$17,648$13,877$10,839$7,037
22 years$26,317$20,791$16,265$12,617$9,716$6,150
23 years$24,907$19,445$15,018$11,491$8,722$5,380
24 years$23,616$18,219$13,889$10,480$7,839$4,712
25 years$22,430$17,097$12,864$9,571$7,054$4,130
26 years$21,337$16,069$11,931$8,751$6,354$3,623
27 years$20,327$15,123$11,079$8,010$5,729$3,180
28 years$19,390$14,250$10,299$7,339$5,169$2,793
29 years$18,520$13,443$9,584$6,730$4,668$2,454
30 years$17,709$12,696$8,928$6,177$4,217$2,157
31 years$16,953$12,002$8,323$5,673$3,813$1,897
32 years$16,244$11,356$7,765$5,213$3,449$1,669
33 years$15,580$10,754$7,251$4,794$3,121$1,468
34 years$14,957$10,193$6,775$4,411$2,826$1,292
35 years$14,370$9,668$6,334$4,061$2,560$1,138
36 years$13,818$9,176$5,925$3,740$2,319$1,002
37 years$13,296$8,715$5,546$3,446$2,102$882
38 years$12,803$8,282$5,193$3,176$1,906$777
39 years$12,336$7,876$4,866$2,928$1,728$685
40 years$11,894$7,493$4,561$2,701$1,567$603
41 years$11,475$7,133$4,276$2,492$1,422$532
42 years$11,076$6,793$4,011$2,300$1,290$468
43 years$10,697$6,472$3,764$2,123$1,171$413
44 years$10,337$6,169$3,533$1,960$1,063$364
45 years$9,993$5,883$3,318$1,810$965$321
46 years$9,665$5,612$3,116$1,672$876$283
47 years$9,353$5,356$2,927$1,545$796$249
48 years$9,054$5,113$2,751$1,428$723$220
49 years$8,768$4,883$2,586$1,319$656$194
50 years$8,494$4,664$2,431$1,219$596$171

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 $6,124 every year, while hoping to spend $23,840 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: 60/29/11 Blend
58$8,700,000$8,700,000$8,700,000$8,700,000
59$9,593,717$9,132,617$8,997,767$10,144,011
60$10,546,910$9,554,750$9,273,827$10,936,569
61$11,596,531$9,996,768$9,558,335$11,797,452
62$12,752,388$10,459,621$9,851,551$12,735,908
63$14,025,293$10,944,303$10,153,739$13,759,420
64$15,427,157$11,451,858$10,465,173$14,876,210
65$16,971,106$11,983,379$10,786,136$16,095,324
66$18,671,606$12,540,011$11,116,918$17,426,706
67$20,544,594$13,122,955$11,457,819$18,881,295
68$22,607,634$13,733,472$11,809,147$20,471,121
69$24,880,080$14,372,879$12,171,221$22,209,420
70$27,383,259$15,042,561$12,544,368$24,110,751
71$30,140,673$15,743,968$12,928,926$26,191,132
72$33,178,219$16,478,620$13,325,242$28,468,191
73$36,524,436$17,248,111$13,733,676$30,961,320
74$40,210,771$18,054,111$14,154,597$33,691,865
75$44,271,878$18,898,372$14,588,385$36,683,315
76$48,745,947$19,782,729$15,035,433$39,961,523
77$53,675,058$20,709,107$15,496,145$43,554,944
78$59,105,585$21,679,524$15,970,936$47,494,903
79$65,088,628$22,696,095$16,460,237$51,815,879
80$71,680,503$23,761,037$16,964,489$56,555,832
81$78,943,262$24,876,677$17,484,147$61,756,552
82$86,945,290$26,045,449$18,019,682$67,464,049
83$95,761,945$27,269,911$18,571,576$73,728,982
84$105,476,268$28,552,741$19,140,328$80,607,129
85$116,179,769$29,896,748$19,726,452$88,159,911
86$127,973,293$31,304,876$20,330,475$96,454,961
87$140,967,967$32,780,213$20,952,944$105,566,759
88$155,286,251$34,325,995$21,594,419$115,577,323
89$171,063,097$35,945,616$22,255,480$126,576,981
90$188,447,216$37,642,635$22,936,722$138,665,214
91$207,602,490$39,420,782$23,638,760$151,951,582
92$228,709,512$41,283,968$24,362,226$166,556,757
93$251,967,294$43,236,295$25,107,773$182,613,648
94$277,595,147$45,282,062$25,876,072$200,268,647
95$305,834,747$47,425,778$26,667,816$219,683,002
96$336,952,420$49,672,171$27,483,717$241,034,325
97$371,241,656$52,026,196$28,324,511$264,518,265
98$409,025,877$54,493,052$29,190,954$290,350,334
99$450,661,492$57,078,187$30,083,826$318,767,938
100$496,541,261$59,787,315$31,003,931$350,032,600