Can I retire at age 59 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$743,212$736,591$730,133$723,828$717,673$705,783
2 years$367,927$361,074$354,433$347,994$341,749$329,805
3 years$242,848$235,966$229,342$222,963$216,820$205,193
4 years$180,321$173,460$166,902$160,633$154,638$143,419
5 years$142,814$135,995$129,523$123,381$117,553$106,773
6 years$117,818$111,050$104,674$98,669$93,016$82,688
7 years$99,971$93,260$86,984$81,121$75,647$65,774
8 years$86,591$79,941$73,770$68,051$62,756$53,336
9 years$76,191$69,603$63,538$57,964$52,850$43,877
10 years$67,875$61,351$55,394$49,966$45,031$36,499
11 years$61,076$54,618$48,768$43,485$38,728$30,627
12 years$55,414$49,022$43,280$38,142$33,561$25,881
13 years$50,626$44,301$38,668$33,674$29,266$21,995
14 years$46,527$40,269$34,743$29,892$25,654$18,780
15 years$42,977$36,786$31,369$26,658$22,588$16,098
16 years$39,873$33,751$28,440$23,870$19,963$13,844
17 years$37,138$31,083$25,879$21,447$17,701$11,939
18 years$34,710$28,722$23,625$19,328$15,739$10,319
19 years$32,539$26,619$21,627$17,464$14,028$8,937
20 years$30,588$24,736$19,848$15,817$12,530$7,754
21 years$28,825$23,041$18,257$14,355$11,213$6,737
22 years$27,225$21,508$16,826$13,052$10,051$5,860
23 years$25,766$20,116$15,536$11,887$9,022$5,103
24 years$24,430$18,847$14,368$10,841$8,110$4,448
25 years$23,203$17,687$13,308$9,901$7,297$3,881
26 years$22,073$16,623$12,342$9,053$6,573$3,388
27 years$21,028$15,644$11,461$8,286$5,926$2,959
28 years$20,059$14,741$10,654$7,592$5,347$2,586
29 years$19,159$13,907$9,915$6,962$4,829$2,261
30 years$18,320$13,133$9,235$6,390$4,363$1,978
31 years$17,537$12,416$8,610$5,868$3,944$1,731
32 years$16,804$11,748$8,033$5,393$3,568$1,515
33 years$16,118$11,125$7,501$4,959$3,229$1,327
34 years$15,473$10,544$7,008$4,563$2,924$1,162
35 years$14,866$10,001$6,552$4,201$2,648$1,018
36 years$14,294$9,492$6,129$3,869$2,399$892
37 years$13,754$9,016$5,737$3,564$2,175$781
38 years$13,244$8,568$5,372$3,285$1,971$685
39 years$12,762$8,147$5,033$3,029$1,788$600
40 years$12,304$7,752$4,718$2,794$1,622$526
41 years$11,870$7,379$4,424$2,578$1,471$461
42 years$11,458$7,027$4,150$2,379$1,335$404
43 years$11,066$6,696$3,894$2,196$1,211$354
44 years$10,693$6,382$3,655$2,028$1,100$311
45 years$10,338$6,086$3,432$1,873$998$272
46 years$9,999$5,806$3,223$1,730$906$239
47 years$9,675$5,541$3,028$1,598$823$210
48 years$9,366$5,289$2,846$1,477$747$184
49 years$9,070$5,051$2,675$1,365$679$161
50 years$8,787$4,825$2,515$1,262$617$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,000,000, adding $5,378 every year, while hoping to spend $50,742 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: 41/47/12 Blend
58$9,000,000$9,000,000$9,000,000$9,000,000
59$9,923,547$9,446,547$9,307,047$10,294,966
60$10,881,760$9,855,439$9,564,844$10,965,574
61$11,936,010$10,282,666$9,829,577$11,685,490
62$13,096,039$10,729,073$10,101,424$12,463,542
63$14,372,581$11,195,544$10,380,568$13,305,037
64$15,777,465$11,683,005$10,667,197$14,215,801
65$17,323,721$12,192,427$10,961,503$15,202,224
66$19,025,709$12,724,825$11,263,682$16,271,317
67$20,899,252$13,281,262$11,573,936$17,430,780
68$22,961,783$13,862,851$11,892,470$18,689,064
69$25,232,513$14,470,759$12,219,496$20,055,449
70$27,732,609$15,106,205$12,555,228$21,540,129
71$30,485,395$15,770,470$12,899,889$23,154,300
72$33,516,574$16,464,891$13,253,704$24,910,263
73$36,854,466$17,190,872$13,616,904$26,821,533
74$40,530,277$17,949,881$13,989,726$28,902,965
75$44,578,396$18,743,455$14,372,412$31,170,884
76$49,036,715$19,573,207$14,765,210$33,643,235
77$53,946,989$20,440,823$15,168,374$36,339,749
78$59,355,229$21,348,071$15,582,162$39,282,117
79$65,312,138$22,296,803$16,006,840$42,494,194
80$71,873,586$23,288,956$16,442,680$46,002,213
81$79,101,140$24,326,562$16,889,957$49,835,026
82$87,062,642$25,411,750$17,348,956$54,024,372
83$95,832,852$26,546,746$17,819,967$58,605,162
84$105,494,154$27,733,887$18,303,287$63,615,808
85$116,137,328$28,975,618$18,799,217$69,098,569
86$127,862,413$30,274,502$19,308,069$75,099,948
87$140,779,648$31,633,221$19,830,158$81,671,114
88$155,010,512$33,054,588$20,365,808$88,868,381
89$170,688,871$34,541,550$20,915,349$96,753,728
90$187,962,242$36,097,193$21,479,120$105,395,367
91$206,993,185$37,724,749$22,057,465$114,868,386
92$227,960,836$39,427,608$22,650,736$125,255,434
93$251,062,600$41,209,319$23,259,294$136,647,499
94$276,516,011$43,073,602$23,883,506$149,144,747
95$304,560,788$45,024,352$24,523,748$162,857,456
96$335,461,096$47,065,654$25,180,402$177,907,041
97$369,508,043$49,201,785$25,853,859$194,427,189
98$407,022,420$51,437,229$26,544,520$212,565,101
99$448,357,737$53,776,684$27,252,792$232,482,866
100$493,903,555$56,225,071$27,979,090$254,358,974