Can I retire at age 59 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$759,727$752,960$746,358$739,913$733,621$728,997
2 years$376,103$369,098$362,310$355,728$349,343$344,680
3 years$248,244$241,210$234,438$227,918$221,638$217,078
4 years$184,328$177,315$170,611$164,202$158,074$153,654
5 years$145,988$139,017$132,401$126,123$120,165$115,897
6 years$120,436$113,518$107,000$100,862$95,083$90,973
7 years$102,192$95,332$88,917$82,924$77,328$73,377
8 years$88,516$81,717$75,409$69,563$64,151$60,360
9 years$77,884$71,149$64,950$59,252$54,024$50,393
10 years$69,383$62,715$56,625$51,076$46,031$42,557
11 years$62,433$55,831$49,851$44,451$39,588$36,269
12 years$56,645$50,111$44,242$38,990$34,307$31,139
13 years$51,751$45,286$39,527$34,422$29,916$26,897
14 years$47,560$41,164$35,515$30,556$26,224$23,350
15 years$43,932$37,604$32,066$27,251$23,090$20,357
16 years$40,759$34,501$29,072$24,400$20,407$17,811
17 years$37,963$31,774$26,455$21,923$18,094$15,632
18 years$35,481$29,360$24,150$19,757$16,088$13,755
19 years$33,262$27,211$22,108$17,852$14,340$12,131
20 years$31,268$25,286$20,289$16,169$12,809$10,720
21 years$29,466$23,553$18,662$14,674$11,462$9,489
22 years$27,830$21,986$17,200$13,342$10,274$8,412
23 years$26,338$20,563$15,881$12,151$9,223$7,467
24 years$24,973$19,266$14,688$11,082$8,290$6,636
25 years$23,719$18,080$13,604$10,121$7,460$5,903
26 years$22,563$16,992$12,617$9,254$6,719$5,256
27 years$21,495$15,992$11,716$8,471$6,058$4,684
28 years$20,505$15,069$10,891$7,761$5,466$4,177
29 years$19,585$14,216$10,135$7,117$4,936$3,727
30 years$18,727$13,425$9,441$6,532$4,460$3,327
31 years$17,927$12,691$8,801$5,999$4,032$2,972
32 years$17,178$12,009$8,212$5,513$3,647$2,656
33 years$16,476$11,372$7,667$5,070$3,301$2,374
34 years$15,817$10,778$7,164$4,664$2,989$2,123
35 years$15,196$10,223$6,698$4,294$2,707$1,899
36 years$14,612$9,703$6,266$3,955$2,453$1,699
37 years$14,060$9,216$5,864$3,644$2,223$1,521
38 years$13,539$8,758$5,492$3,358$2,015$1,361
39 years$13,045$8,328$5,145$3,097$1,827$1,219
40 years$12,578$7,924$4,823$2,856$1,658$1,092
41 years$12,134$7,543$4,522$2,635$1,504$978
42 years$11,713$7,183$4,242$2,432$1,365$876
43 years$11,312$6,844$3,980$2,245$1,238$785
44 years$10,931$6,524$3,736$2,073$1,124$703
45 years$10,568$6,221$3,508$1,914$1,020$630
46 years$10,221$5,935$3,295$1,768$927$565
47 years$9,890$5,664$3,096$1,634$841$506
48 years$9,574$5,407$2,909$1,510$764$453
49 years$9,272$5,163$2,734$1,395$694$406
50 years$8,982$4,932$2,571$1,290$630$364

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,200,000, adding $2,525 every year, while hoping to spend $43,040 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: 39/40/21 Blend
58$9,200,000$9,200,000$9,200,000$9,200,000
59$10,141,005$9,653,405$9,510,805$10,472,974
60$11,129,593$10,080,627$9,783,622$11,139,537
61$12,217,574$10,527,341$10,064,137$11,855,549
62$13,415,042$10,994,456$10,352,561$12,628,895
63$14,733,117$11,482,925$10,649,112$13,464,802
64$16,184,052$11,993,746$10,954,015$14,369,005
65$17,781,350$12,527,963$11,267,498$15,347,795
66$19,539,887$13,086,673$11,589,799$16,408,077
67$21,476,058$13,671,023$11,921,160$17,557,429
68$23,607,926$14,282,213$12,261,829$18,804,175
69$25,955,396$14,921,502$12,612,061$20,157,452
70$28,540,400$15,590,210$12,972,119$21,627,297
71$31,387,108$16,289,717$13,342,272$23,224,735
72$34,522,152$17,021,472$13,722,797$24,961,880
73$37,974,876$17,786,989$14,113,976$26,852,041
74$41,777,620$18,587,858$14,516,100$28,909,848
75$45,966,017$19,425,743$14,929,469$31,151,377
76$50,579,333$20,302,387$15,354,389$33,594,303
77$55,660,839$21,219,617$15,791,174$36,258,057
78$61,258,213$22,179,347$16,240,148$39,164,005
79$67,423,999$23,183,584$16,701,641$42,335,641
80$74,216,095$24,234,427$17,175,994$45,798,806
81$81,698,302$25,334,080$17,663,555$49,581,920
82$89,940,928$26,484,848$18,164,683$53,716,244
83$99,021,448$27,689,151$18,679,745$58,236,171
84$109,025,236$28,949,520$19,209,118$63,179,538
85$120,046,375$30,268,611$19,753,188$68,587,977
86$132,188,538$31,649,205$20,312,352$74,507,300
87$145,565,970$33,094,218$20,887,017$80,987,917
88$160,304,567$34,606,703$21,477,600$88,085,309
89$176,543,064$36,189,863$22,084,531$95,860,537
90$194,434,342$37,847,051$22,708,248$104,380,811
91$214,146,873$39,581,784$23,349,202$113,720,108
92$235,866,308$41,397,747$24,007,855$123,959,866
93$259,797,235$43,298,799$24,684,681$135,189,735
94$286,165,101$45,288,989$25,380,167$147,508,412
95$315,218,350$47,372,558$26,094,810$161,024,560
96$347,230,758$49,553,950$26,829,124$175,857,821
97$382,504,027$51,837,825$27,583,630$192,139,927
98$421,370,625$54,229,065$28,358,869$210,015,933
99$464,196,927$56,732,788$29,155,390$229,645,568
100$511,386,678$59,354,359$29,973,759$251,204,726