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

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 $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%13.9%
1 years$743,212$736,591$730,133$723,828$717,673$706,074
2 years$367,927$361,074$354,433$347,994$341,749$330,095
3 years$242,848$235,966$229,342$222,963$216,820$205,474
4 years$180,321$173,460$166,902$160,633$154,638$143,687
5 years$142,814$135,995$129,523$123,381$117,553$107,029
6 years$117,818$111,050$104,674$98,669$93,016$82,931
7 years$99,971$93,260$86,984$81,121$75,647$66,004
8 years$86,591$79,941$73,770$68,051$62,756$53,554
9 years$76,191$69,603$63,538$57,964$52,850$44,083
10 years$67,875$61,351$55,394$49,966$45,031$36,692
11 years$61,076$54,618$48,768$43,485$38,728$30,808
12 years$55,414$49,022$43,280$38,142$33,561$26,051
13 years$50,626$44,301$38,668$33,674$29,266$22,154
14 years$46,527$40,269$34,743$29,892$25,654$18,929
15 years$42,977$36,786$31,369$26,658$22,588$16,237
16 years$39,873$33,751$28,440$23,870$19,963$13,973
17 years$37,138$31,083$25,879$21,447$17,701$12,058
18 years$34,710$28,722$23,625$19,328$15,739$10,430
19 years$32,539$26,619$21,627$17,464$14,028$9,040
20 years$30,588$24,736$19,848$15,817$12,530$7,849
21 years$28,825$23,041$18,257$14,355$11,213$6,824
22 years$27,225$21,508$16,826$13,052$10,051$5,941
23 years$25,766$20,116$15,536$11,887$9,022$5,178
24 years$24,430$18,847$14,368$10,841$8,110$4,517
25 years$23,203$17,687$13,308$9,901$7,297$3,943
26 years$22,073$16,623$12,342$9,053$6,573$3,445
27 years$21,028$15,644$11,461$8,286$5,926$3,012
28 years$20,059$14,741$10,654$7,592$5,347$2,635
29 years$19,159$13,907$9,915$6,962$4,829$2,305
30 years$18,320$13,133$9,235$6,390$4,363$2,018
31 years$17,537$12,416$8,610$5,868$3,944$1,768
32 years$16,804$11,748$8,033$5,393$3,568$1,548
33 years$16,118$11,125$7,501$4,959$3,229$1,357
34 years$15,473$10,544$7,008$4,563$2,924$1,189
35 years$14,866$10,001$6,552$4,201$2,648$1,043
36 years$14,294$9,492$6,129$3,869$2,399$914
37 years$13,754$9,016$5,737$3,564$2,175$802
38 years$13,244$8,568$5,372$3,285$1,971$703
39 years$12,762$8,147$5,033$3,029$1,788$617
40 years$12,304$7,752$4,718$2,794$1,622$541
41 years$11,870$7,379$4,424$2,578$1,471$475
42 years$11,458$7,027$4,150$2,379$1,335$417
43 years$11,066$6,696$3,894$2,196$1,211$366
44 years$10,693$6,382$3,655$2,028$1,100$321
45 years$10,338$6,086$3,432$1,873$998$282
46 years$9,999$5,806$3,223$1,730$906$247
47 years$9,675$5,541$3,028$1,598$823$217
48 years$9,366$5,289$2,846$1,477$747$190
49 years$9,070$5,051$2,675$1,365$679$167
50 years$8,787$4,825$2,515$1,262$617$147

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 $5,926 every year, while hoping to spend $37,035 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: 44/48/8 Blend
58$9,000,000$9,000,000$9,000,000$9,000,000
59$9,924,113$9,447,113$9,307,613$10,337,933
60$10,896,967$9,870,616$9,580,013$11,048,651
61$11,967,812$10,313,630$9,860,297$11,814,210
62$13,146,602$10,777,072$10,148,690$12,643,069
63$14,444,308$11,261,901$10,445,424$13,541,050
64$15,873,018$11,769,124$10,750,736$14,514,540
65$17,446,051$12,299,797$11,064,871$15,570,549
66$19,178,084$12,855,023$11,388,080$16,716,771
67$21,085,289$13,435,959$11,720,622$17,961,650
68$23,185,487$14,043,820$12,062,761$19,314,462
69$25,498,315$14,679,875$12,414,771$20,785,389
70$28,045,409$15,345,455$12,776,933$22,385,618
71$30,850,615$16,041,957$13,149,534$24,127,436
72$33,940,206$16,770,841$13,532,872$26,024,343
73$37,343,135$17,533,639$13,927,250$28,091,174
74$41,091,304$18,331,957$14,332,983$30,344,233
75$45,219,871$19,167,477$14,750,391$32,801,441
76$49,767,574$20,041,960$15,179,806$35,482,496
77$54,777,105$20,957,254$15,621,568$38,409,056
78$60,295,505$21,915,295$16,076,026$41,604,935
79$66,374,613$22,918,111$16,543,539$45,096,318
80$73,071,552$23,967,827$17,024,476$48,912,006
81$80,449,270$25,066,670$17,519,216$53,083,673
82$88,577,135$26,216,977$18,028,149$57,646,162
83$97,531,587$27,421,193$18,551,676$62,637,803
84$107,396,860$28,681,882$19,090,208$68,100,765
85$118,265,777$30,001,732$19,644,168$74,081,444
86$130,240,629$31,383,559$20,213,990$80,630,892
87$143,434,136$32,830,316$20,800,122$87,805,290
88$157,970,513$34,345,097$21,403,021$95,666,462
89$173,986,642$35,931,143$22,023,159$104,282,452
90$191,633,365$37,591,855$22,661,020$113,728,152
91$211,076,907$39,330,794$23,317,103$124,085,996
92$232,500,443$41,151,695$23,991,917$135,446,725
93$256,105,832$43,058,471$24,685,990$147,910,229
94$282,115,515$45,055,226$25,399,860$161,586,479
95$310,774,624$47,146,258$26,134,081$176,596,542
96$342,353,287$49,336,075$26,889,223$193,073,718
97$377,149,182$51,629,403$27,665,872$211,164,770
98$415,490,347$54,031,193$28,464,628$231,031,303
99$457,738,279$56,546,637$29,286,109$252,851,263
100$504,291,338$59,181,177$30,130,949$276,820,602