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%20%
1 years$726,696$720,223$713,907$707,743$701,724$673,617
2 years$359,750$353,050$346,557$340,261$334,154$306,189
3 years$237,451$230,722$224,245$218,009$212,001$185,060
4 years$176,314$169,605$163,193$157,063$151,201$125,487
5 years$139,641$132,973$126,645$120,639$114,941$90,520
6 years$115,200$108,582$102,348$96,476$90,949$67,837
7 years$97,749$91,187$85,051$79,318$73,966$52,154
8 years$84,667$78,164$72,130$66,538$61,362$40,828
9 years$74,498$68,056$62,126$56,676$51,675$32,387
10 years$66,367$59,988$54,163$48,855$44,030$25,950
11 years$59,718$53,404$47,684$42,519$37,867$20,952
12 years$54,182$47,932$42,318$37,295$32,815$17,019
13 years$49,501$43,317$37,809$32,925$28,615$13,890
14 years$45,493$39,374$33,971$29,228$25,084$11,379
15 years$42,022$35,969$30,671$26,066$22,086$9,351
16 years$38,987$33,001$27,808$23,339$19,520$7,704
17 years$36,313$30,392$25,304$20,970$17,307$6,359
18 years$33,938$28,084$23,100$18,898$15,389$5,258
19 years$31,816$26,028$21,147$17,076$13,717$4,353
20 years$29,908$24,186$19,407$15,466$12,252$3,608
21 years$28,185$22,529$17,851$14,036$10,964$2,994
22 years$26,620$21,030$16,452$12,762$9,828$2,485
23 years$25,193$19,669$15,191$11,623$8,822$2,065
24 years$23,887$18,428$14,049$10,601$7,929$1,716
25 years$22,688$17,294$13,012$9,681$7,135$1,427
26 years$21,582$16,254$12,068$8,852$6,427$1,187
27 years$20,560$15,296$11,206$8,102$5,795$988
28 years$19,613$14,414$10,418$7,423$5,229$822
29 years$18,733$13,598$9,695$6,807$4,721$685
30 years$17,913$12,842$9,030$6,248$4,266$570
31 years$17,147$12,140$8,419$5,738$3,857$475
32 years$16,431$11,487$7,855$5,273$3,489$395
33 years$15,760$10,878$7,334$4,849$3,157$329
34 years$15,129$10,310$6,852$4,462$2,859$274
35 years$14,536$9,779$6,407$4,107$2,589$228
36 years$13,976$9,281$5,993$3,783$2,346$190
37 years$13,449$8,815$5,609$3,485$2,126$159
38 years$12,950$8,378$5,253$3,212$1,928$132
39 years$12,478$7,966$4,922$2,962$1,748$110
40 years$12,031$7,579$4,613$2,732$1,585$92
41 years$11,607$7,215$4,325$2,521$1,438$76
42 years$11,204$6,871$4,057$2,326$1,305$64
43 years$10,820$6,547$3,807$2,147$1,185$53
44 years$10,456$6,240$3,574$1,983$1,075$44
45 years$10,108$5,951$3,356$1,831$976$37
46 years$9,777$5,677$3,152$1,691$886$31
47 years$9,460$5,417$2,961$1,563$805$26
48 years$9,158$5,172$2,783$1,444$731$21
49 years$8,869$4,939$2,615$1,335$664$18
50 years$8,592$4,718$2,459$1,233$603$15

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 $4,121 every year, while hoping to spend $50,442 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: 55/36/9 Blend
58$8,800,000$8,800,000$8,800,000$8,800,000
59$9,701,851$9,235,451$9,099,051$10,213,989
60$10,637,770$9,634,318$9,350,199$10,959,684
61$11,667,462$10,051,039$9,608,070$11,765,267
62$12,800,438$10,486,436$9,872,836$12,641,148
63$14,047,180$10,941,368$10,144,673$13,594,022
64$15,419,234$11,416,736$10,423,761$14,631,244
65$16,929,323$11,913,484$10,710,285$15,760,898
66$18,591,467$12,432,598$11,004,432$16,991,874
67$20,421,114$12,975,112$11,306,398$18,333,941
68$22,435,284$13,542,109$11,616,379$19,797,845
69$24,652,733$14,134,722$11,934,577$21,395,398
70$27,094,127$14,754,138$12,261,200$23,139,596
71$29,782,237$15,401,601$12,596,460$25,044,728
72$32,742,157$16,078,411$12,940,573$27,126,516
73$36,001,535$16,785,932$13,293,761$29,402,254
74$39,590,840$17,525,591$13,656,250$31,890,968
75$43,543,645$18,298,883$14,028,274$34,613,593
76$47,896,943$19,107,375$14,410,067$37,593,165
77$52,691,502$19,952,707$14,801,875$40,855,035
78$57,972,240$20,836,595$15,203,943$44,427,101
79$63,788,660$21,760,839$15,616,526$48,340,067
80$70,195,307$22,727,324$16,039,883$52,627,732
81$77,252,288$23,738,023$16,474,279$57,327,295
82$85,025,838$24,795,003$16,919,985$62,479,708
83$93,588,947$25,900,431$17,377,277$68,130,053
84$103,022,041$27,056,574$17,846,438$74,327,962
85$113,413,753$28,265,810$18,327,757$81,128,077
86$124,861,749$29,530,627$18,821,530$88,590,563
87$137,473,653$30,853,634$19,328,057$96,781,664
88$151,368,066$32,237,563$19,847,648$105,774,324
89$166,675,681$33,685,275$20,380,615$115,648,866
90$183,540,516$35,199,769$20,927,282$126,493,744
91$202,121,278$36,784,187$21,487,975$138,406,365
92$222,592,856$38,441,819$22,063,030$151,494,005
93$245,147,973$40,176,115$22,652,787$165,874,807
94$269,999,008$41,990,686$23,257,598$181,678,892
95$297,379,996$43,889,319$23,877,816$199,049,571
96$327,548,839$45,875,979$24,513,806$218,144,689
97$360,789,741$47,954,822$25,165,939$239,138,108
98$397,415,888$50,130,202$25,834,592$262,221,331
99$437,772,409$52,406,682$26,520,151$287,605,297
100$482,239,628$54,789,043$27,223,009$315,522,364