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

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$759,727$752,960$746,358$739,913$733,621$728,692
2 years$376,103$369,098$362,310$355,728$349,343$344,372
3 years$248,244$241,210$234,438$227,918$221,638$216,779
4 years$184,328$177,315$170,611$164,202$158,074$153,364
5 years$145,988$139,017$132,401$126,123$120,165$115,619
6 years$120,436$113,518$107,000$100,862$95,083$90,705
7 years$102,192$95,332$88,917$82,924$77,328$73,121
8 years$88,516$81,717$75,409$69,563$64,151$60,115
9 years$77,884$71,149$64,950$59,252$54,024$50,159
10 years$69,383$62,715$56,625$51,076$46,031$42,334
11 years$62,433$55,831$49,851$44,451$39,588$36,057
12 years$56,645$50,111$44,242$38,990$34,307$30,937
13 years$51,751$45,286$39,527$34,422$29,916$26,706
14 years$47,560$41,164$35,515$30,556$26,224$23,169
15 years$43,932$37,604$32,066$27,251$23,090$20,186
16 years$40,759$34,501$29,072$24,400$20,407$17,649
17 years$37,963$31,774$26,455$21,923$18,094$15,479
18 years$35,481$29,360$24,150$19,757$16,088$13,611
19 years$33,262$27,211$22,108$17,852$14,340$11,995
20 years$31,268$25,286$20,289$16,169$12,809$10,592
21 years$29,466$23,553$18,662$14,674$11,462$9,369
22 years$27,830$21,986$17,200$13,342$10,274$8,300
23 years$26,338$20,563$15,881$12,151$9,223$7,362
24 years$24,973$19,266$14,688$11,082$8,290$6,538
25 years$23,719$18,080$13,604$10,121$7,460$5,811
26 years$22,563$16,992$12,617$9,254$6,719$5,170
27 years$21,495$15,992$11,716$8,471$6,058$4,604
28 years$20,505$15,069$10,891$7,761$5,466$4,102
29 years$19,585$14,216$10,135$7,117$4,936$3,657
30 years$18,727$13,425$9,441$6,532$4,460$3,262
31 years$17,927$12,691$8,801$5,999$4,032$2,912
32 years$17,178$12,009$8,212$5,513$3,647$2,600
33 years$16,476$11,372$7,667$5,070$3,301$2,322
34 years$15,817$10,778$7,164$4,664$2,989$2,075
35 years$15,196$10,223$6,698$4,294$2,707$1,854
36 years$14,612$9,703$6,266$3,955$2,453$1,658
37 years$14,060$9,216$5,864$3,644$2,223$1,482
38 years$13,539$8,758$5,492$3,358$2,015$1,326
39 years$13,045$8,328$5,145$3,097$1,827$1,186
40 years$12,578$7,924$4,823$2,856$1,658$1,061
41 years$12,134$7,543$4,522$2,635$1,504$950
42 years$11,713$7,183$4,242$2,432$1,365$850
43 years$11,312$6,844$3,980$2,245$1,238$761
44 years$10,931$6,524$3,736$2,073$1,124$681
45 years$10,568$6,221$3,508$1,914$1,020$610
46 years$10,221$5,935$3,295$1,768$927$546
47 years$9,890$5,664$3,096$1,634$841$489
48 years$9,574$5,407$2,909$1,510$764$438
49 years$9,272$5,163$2,734$1,395$694$392
50 years$8,982$4,932$2,571$1,290$630$351

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 $4,904 every year, while hoping to spend $59,993 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: 47/46/7 Blend
58$9,200,000$9,200,000$9,200,000$9,200,000
59$10,143,458$9,655,858$9,513,258$10,600,909
60$11,114,259$10,065,163$9,768,121$11,324,687
61$12,182,071$10,492,514$10,029,510$12,103,019
62$13,356,725$10,938,730$10,297,582$12,946,282
63$14,649,055$11,404,672$10,572,494$13,860,511
64$16,070,996$11,891,237$10,854,410$14,852,334
65$17,635,698$12,399,369$11,143,493$15,929,029
66$19,357,652$12,930,051$11,439,913$17,098,589
67$21,252,823$13,484,314$11,743,841$18,369,792
68$23,338,803$14,063,238$12,055,452$19,752,284
69$25,634,977$14,667,952$12,374,925$21,256,663
70$28,162,702$15,299,639$12,702,443$22,894,575
71$30,945,513$15,959,537$13,038,190$24,678,821
72$34,009,343$16,648,942$13,382,357$26,623,471
73$37,382,766$17,369,210$13,735,136$28,743,994
74$41,097,269$18,121,763$14,096,724$31,057,399
75$45,187,548$18,908,086$14,467,322$33,582,387
76$49,691,833$19,729,737$14,847,132$36,339,527
77$54,652,253$20,588,347$15,236,364$39,351,439
78$60,115,228$21,485,622$15,635,228$42,643,008
79$66,131,914$22,423,350$16,043,940$46,241,605
80$72,758,676$23,403,401$16,462,719$50,177,345
81$80,057,630$24,427,736$16,891,789$54,483,361
82$88,097,220$25,498,407$17,331,376$59,196,111
83$96,952,871$26,617,563$17,781,711$64,355,713
84$106,707,694$27,787,454$18,243,029$70,006,319
85$117,453,276$29,010,437$18,715,568$76,196,518
86$129,290,543$30,288,981$19,199,572$82,979,793
87$142,330,706$31,625,669$19,695,286$90,415,012
88$156,696,321$33,023,210$20,202,961$98,566,974
89$172,522,438$34,484,439$20,722,851$107,507,014
90$189,957,875$36,012,325$21,255,216$117,313,665
91$209,166,629$37,609,980$21,800,316$128,073,385
92$230,329,416$39,280,660$22,358,418$139,881,369
93$253,645,384$41,027,779$22,929,792$152,842,427
94$279,333,985$42,854,912$23,514,711$167,071,969
95$307,637,051$44,765,803$24,113,454$182,697,076
96$338,821,076$46,764,373$24,726,301$199,857,691
97$373,179,731$48,854,733$25,353,538$218,707,919
98$411,036,635$51,041,186$25,995,452$239,417,475
99$452,748,408$53,328,240$26,652,336$262,173,265
100$498,708,043$55,720,621$27,324,487$287,181,135