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%12.6%
1 years$759,727$752,960$746,358$739,913$733,621$725,658
2 years$376,103$369,098$362,310$355,728$349,343$341,325
3 years$248,244$241,210$234,438$227,918$221,638$213,814
4 years$184,328$177,315$170,611$164,202$158,074$150,504
5 years$145,988$139,017$132,401$126,123$120,165$112,872
6 years$120,436$113,518$107,000$100,862$95,083$88,075
7 years$102,192$95,332$88,917$82,924$77,328$70,609
8 years$88,516$81,717$75,409$69,563$64,151$57,720
9 years$77,884$71,149$64,950$59,252$54,024$47,879
10 years$69,383$62,715$56,625$51,076$46,031$40,167
11 years$62,433$55,831$49,851$44,451$39,588$34,001
12 years$56,645$50,111$44,242$38,990$34,307$28,990
13 years$51,751$45,286$39,527$34,422$29,916$24,864
14 years$47,560$41,164$35,515$30,556$26,224$21,429
15 years$43,932$37,604$32,066$27,251$23,090$18,545
16 years$40,759$34,501$29,072$24,400$20,407$16,104
17 years$37,963$31,774$26,455$21,923$18,094$14,026
18 years$35,481$29,360$24,150$19,757$16,088$12,246
19 years$33,262$27,211$22,108$17,852$14,340$10,715
20 years$31,268$25,286$20,289$16,169$12,809$9,393
21 years$29,466$23,553$18,662$14,674$11,462$8,247
22 years$27,830$21,986$17,200$13,342$10,274$7,251
23 years$26,338$20,563$15,881$12,151$9,223$6,383
24 years$24,973$19,266$14,688$11,082$8,290$5,625
25 years$23,719$18,080$13,604$10,121$7,460$4,961
26 years$22,563$16,992$12,617$9,254$6,719$4,379
27 years$21,495$15,992$11,716$8,471$6,058$3,869
28 years$20,505$15,069$10,891$7,761$5,466$3,420
29 years$19,585$14,216$10,135$7,117$4,936$3,024
30 years$18,727$13,425$9,441$6,532$4,460$2,676
31 years$17,927$12,691$8,801$5,999$4,032$2,369
32 years$17,178$12,009$8,212$5,513$3,647$2,098
33 years$16,476$11,372$7,667$5,070$3,301$1,858
34 years$15,817$10,778$7,164$4,664$2,989$1,646
35 years$15,196$10,223$6,698$4,294$2,707$1,459
36 years$14,612$9,703$6,266$3,955$2,453$1,294
37 years$14,060$9,216$5,864$3,644$2,223$1,147
38 years$13,539$8,758$5,492$3,358$2,015$1,017
39 years$13,045$8,328$5,145$3,097$1,827$902
40 years$12,578$7,924$4,823$2,856$1,658$800
41 years$12,134$7,543$4,522$2,635$1,504$710
42 years$11,713$7,183$4,242$2,432$1,365$630
43 years$11,312$6,844$3,980$2,245$1,238$559
44 years$10,931$6,524$3,736$2,073$1,124$496
45 years$10,568$6,221$3,508$1,914$1,020$441
46 years$10,221$5,935$3,295$1,768$927$391
47 years$9,890$5,664$3,096$1,634$841$347
48 years$9,574$5,407$2,909$1,510$764$308
49 years$9,272$5,163$2,734$1,395$694$274
50 years$8,982$4,932$2,571$1,290$630$243

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 $6,262 every year, while hoping to spend $21,588 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: 35/45/20 Blend
58$9,200,000$9,200,000$9,200,000$9,200,000
59$10,144,859$9,657,259$9,514,659$10,437,845
60$11,156,665$10,107,495$9,810,431$11,103,666
61$12,270,952$10,579,070$10,115,387$11,819,134
62$13,498,150$11,073,005$10,429,813$12,590,666
63$14,849,752$11,590,373$10,754,003$13,423,262
64$16,338,424$12,132,298$11,088,259$14,322,400
65$17,978,121$12,699,958$11,432,893$15,294,084
66$19,784,222$13,294,589$11,788,228$16,344,895
67$21,773,673$13,917,485$12,154,595$17,482,049
68$23,965,150$14,570,004$12,532,336$18,713,460
69$26,379,231$15,253,569$12,921,804$20,047,810
70$29,038,591$15,969,672$13,323,363$21,494,626
71$31,968,219$16,719,878$13,737,387$23,064,361
72$35,195,651$17,505,826$14,164,264$24,768,489
73$38,751,232$18,329,236$14,604,391$26,619,609
74$42,668,399$19,191,910$15,058,180$28,631,554
75$46,984,000$20,095,738$15,526,053$30,819,515
76$51,738,641$21,042,702$16,008,449$33,200,179
77$56,977,066$22,034,879$16,505,816$35,791,879
78$62,748,585$23,074,446$17,018,619$38,614,757
79$69,107,535$24,163,687$17,547,336$41,690,948
80$76,113,792$25,304,997$18,092,461$45,044,778
81$83,833,343$26,500,886$18,654,503$48,702,989
82$92,338,901$27,753,986$19,233,985$52,694,977
83$101,710,593$29,067,056$19,831,448$57,053,061
84$112,036,722$30,442,990$20,447,450$61,812,781
85$123,414,593$31,884,822$21,082,565$67,013,219
86$135,951,435$33,395,732$21,737,385$72,697,357
87$149,765,415$34,979,056$22,412,521$78,912,472
88$164,986,750$36,638,292$23,108,602$85,710,571
89$181,758,936$38,377,106$23,826,278$93,148,865
90$200,240,106$40,199,344$24,566,217$101,290,300
91$220,604,522$42,109,036$25,329,110$110,204,133
92$243,044,215$44,110,411$26,115,667$119,966,575
93$267,770,805$46,207,901$26,926,623$130,661,492
94$295,017,494$48,406,155$27,762,731$142,381,179
95$325,041,268$50,710,046$28,624,772$155,227,218
96$358,125,325$53,124,686$29,513,550$169,311,418
97$394,581,746$55,655,433$30,429,891$184,756,849
98$434,754,442$58,307,908$31,374,651$201,698,987
99$479,022,402$61,088,003$32,348,709$220,286,973
100$527,803,269$64,001,896$33,352,972$240,684,994