Can I retire at age 59 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$726,696$720,223$713,907$707,743$701,724$688,683
2 years$359,750$353,050$346,557$340,261$334,154$321,064
3 years$237,451$230,722$224,245$218,009$212,001$199,270
4 years$176,314$169,605$163,193$157,063$151,201$138,927
5 years$139,641$132,973$126,645$120,639$114,941$103,159
6 years$115,200$108,582$102,348$96,476$90,949$79,672
7 years$97,749$91,187$85,051$79,318$73,966$63,197
8 years$84,667$78,164$72,130$66,538$61,362$51,099
9 years$74,498$68,056$62,126$56,676$51,675$41,912
10 years$66,367$59,988$54,163$48,855$44,030$34,757
11 years$59,718$53,404$47,684$42,519$37,867$29,074
12 years$54,182$47,932$42,318$37,295$32,815$24,489
13 years$49,501$43,317$37,809$32,925$28,615$20,744
14 years$45,493$39,374$33,971$29,228$25,084$17,652
15 years$42,022$35,969$30,671$26,066$22,086$15,079
16 years$38,987$33,001$27,808$23,339$19,520$12,923
17 years$36,313$30,392$25,304$20,970$17,307$11,104
18 years$33,938$28,084$23,100$18,898$15,389$9,563
19 years$31,816$26,028$21,147$17,076$13,717$8,252
20 years$29,908$24,186$19,407$15,466$12,252$7,132
21 years$28,185$22,529$17,851$14,036$10,964$6,173
22 years$26,620$21,030$16,452$12,762$9,828$5,350
23 years$25,193$19,669$15,191$11,623$8,822$4,641
24 years$23,887$18,428$14,049$10,601$7,929$4,029
25 years$22,688$17,294$13,012$9,681$7,135$3,501
26 years$21,582$16,254$12,068$8,852$6,427$3,044
27 years$20,560$15,296$11,206$8,102$5,795$2,649
28 years$19,613$14,414$10,418$7,423$5,229$2,305
29 years$18,733$13,598$9,695$6,807$4,721$2,008
30 years$17,913$12,842$9,030$6,248$4,266$1,749
31 years$17,147$12,140$8,419$5,738$3,857$1,524
32 years$16,431$11,487$7,855$5,273$3,489$1,328
33 years$15,760$10,878$7,334$4,849$3,157$1,158
34 years$15,129$10,310$6,852$4,462$2,859$1,010
35 years$14,536$9,779$6,407$4,107$2,589$881
36 years$13,976$9,281$5,993$3,783$2,346$769
37 years$13,449$8,815$5,609$3,485$2,126$671
38 years$12,950$8,378$5,253$3,212$1,928$585
39 years$12,478$7,966$4,922$2,962$1,748$511
40 years$12,031$7,579$4,613$2,732$1,585$446
41 years$11,607$7,215$4,325$2,521$1,438$389
42 years$11,204$6,871$4,057$2,326$1,305$340
43 years$10,820$6,547$3,807$2,147$1,185$297
44 years$10,456$6,240$3,574$1,983$1,075$259
45 years$10,108$5,951$3,356$1,831$976$226
46 years$9,777$5,677$3,152$1,691$886$197
47 years$9,460$5,417$2,961$1,563$805$172
48 years$9,158$5,172$2,783$1,444$731$150
49 years$8,869$4,939$2,615$1,335$664$131
50 years$8,592$4,718$2,459$1,233$603$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,800,000, adding $2,012 every year, while hoping to spend $50,512 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: 72/18/10 Blend
58$8,800,000$8,800,000$8,800,000$8,800,000
59$9,699,675$9,233,275$9,096,875$10,379,522
60$10,635,298$9,631,961$9,347,876$11,227,882
61$11,664,661$10,048,490$9,605,593$12,150,049
62$12,797,273$10,483,683$9,870,197$13,158,377
63$14,043,610$10,938,398$10,141,863$14,261,361
64$15,415,215$11,413,537$10,420,773$15,468,348
65$16,924,807$11,910,041$10,707,109$16,789,626
66$18,586,401$12,428,896$11,001,061$18,236,520
67$20,415,439$12,971,137$11,302,821$19,821,499
68$22,428,935$13,537,843$11,612,587$21,558,287
69$24,645,637$14,130,149$11,930,559$23,461,995
70$27,086,205$14,749,240$12,256,946$25,549,260
71$29,773,403$15,396,357$12,591,959$27,838,400
72$32,732,314$16,072,802$12,935,813$30,349,585
73$35,990,577$16,779,937$13,288,730$33,105,027
74$39,578,649$17,519,187$13,650,936$36,129,183
75$43,530,092$18,292,047$14,022,663$39,448,989
76$47,881,886$19,100,082$14,404,146$43,094,107
77$52,674,782$19,944,930$14,795,629$47,097,204
78$57,953,685$20,828,307$15,197,358$51,494,260
79$63,768,077$21,752,011$15,609,586$56,324,903
80$70,172,486$22,717,924$16,032,572$61,632,778
81$77,226,997$23,728,019$16,466,580$67,465,959
82$84,997,821$24,784,362$16,911,881$73,877,400
83$93,557,919$25,889,117$17,368,749$80,925,428
84$102,987,692$27,044,549$17,837,468$88,674,294
85$113,375,739$28,253,034$18,318,325$97,194,773
86$124,819,690$29,517,058$18,811,615$106,564,831
87$137,427,132$30,839,228$19,317,638$116,870,355
88$151,316,623$32,222,273$19,836,702$128,205,958
89$166,618,807$33,669,053$20,369,120$140,675,875
90$183,477,652$35,182,564$20,915,212$154,394,933
91$202,051,807$36,765,944$21,475,306$169,489,638
92$222,516,097$38,422,481$22,049,735$186,099,358
93$245,063,179$40,155,622$22,638,841$204,377,641
94$269,905,351$41,968,976$23,242,970$224,493,652
95$297,276,565$43,866,324$23,862,478$246,633,767
96$327,434,631$45,851,630$24,497,727$271,003,330
97$360,663,648$47,929,045$25,149,086$297,828,580
98$397,276,692$50,102,920$25,816,932$327,358,784
99$437,618,765$52,377,814$26,501,650$359,868,580
100$482,070,055$54,758,502$27,203,631$395,660,569