Can I retire at age 59 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$767,985$761,144$754,470$747,956$741,595$717,569
2 years$380,191$373,110$366,248$359,594$353,141$329,160
3 years$250,943$243,832$236,987$230,396$224,047$200,865
4 years$186,331$179,242$172,466$165,987$159,792$137,586
5 years$147,575$140,528$133,840$127,494$121,471$100,300
6 years$121,745$114,752$108,163$101,958$96,116$75,998
7 years$103,303$96,368$89,884$83,825$78,168$59,100
8 years$89,478$82,605$76,229$70,319$64,848$46,817
9 years$78,730$71,923$65,656$59,896$54,611$37,597
10 years$70,137$63,396$57,240$51,631$46,532$30,507
11 years$63,111$56,438$50,393$44,934$40,019$24,954
12 years$57,261$50,656$44,723$39,414$34,679$20,542
13 years$52,314$45,778$39,957$34,796$30,241$16,996
14 years$48,077$41,611$35,901$30,888$26,509$14,120
15 years$44,409$38,012$32,414$27,547$23,341$11,770
16 years$41,203$34,876$29,388$24,665$20,629$9,838
17 years$38,376$32,119$26,742$22,162$18,291$8,241
18 years$35,867$29,680$24,412$19,972$16,263$6,917
19 years$33,624$27,507$22,348$18,046$14,496$5,814
20 years$31,608$25,561$20,510$16,344$12,948$4,894
21 years$29,786$23,809$18,865$14,834$11,587$4,123
22 years$28,132$22,225$17,387$13,487$10,386$3,478
23 years$26,625$20,786$16,054$12,283$9,323$2,935
24 years$25,245$19,475$14,847$11,203$8,380$2,479
25 years$23,977$18,277$13,752$10,231$7,541$2,094
26 years$22,809$17,177$12,754$9,355$6,792$1,771
27 years$21,729$16,166$11,843$8,563$6,124$1,497
28 years$20,728$15,233$11,010$7,845$5,526$1,267
29 years$19,797$14,370$10,245$7,194$4,990$1,072
30 years$18,931$13,571$9,543$6,603$4,508$907
31 years$18,122$12,829$8,897$6,064$4,076$768
32 years$17,365$12,139$8,301$5,573$3,687$650
33 years$16,655$11,496$7,751$5,125$3,337$551
34 years$15,988$10,896$7,242$4,715$3,021$466
35 years$15,361$10,334$6,771$4,341$2,736$395
36 years$14,771$9,809$6,334$3,998$2,479$335
37 years$14,213$9,316$5,928$3,683$2,247$283
38 years$13,686$8,854$5,551$3,395$2,037$240
39 years$13,187$8,419$5,201$3,130$1,847$203
40 years$12,715$8,010$4,875$2,887$1,676$172
41 years$12,266$7,625$4,571$2,664$1,520$146
42 years$11,840$7,261$4,288$2,458$1,379$124
43 years$11,435$6,919$4,024$2,269$1,252$105
44 years$11,050$6,595$3,777$2,095$1,136$89
45 years$10,682$6,289$3,546$1,935$1,032$75
46 years$10,332$5,999$3,331$1,788$937$64
47 years$9,998$5,725$3,129$1,651$850$54
48 years$9,678$5,466$2,941$1,526$772$46
49 years$9,372$5,219$2,764$1,410$701$39
50 years$9,080$4,986$2,599$1,304$637$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,300,000, adding $6,006 every year, while hoping to spend $54,997 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: 56/20/24 Blend
58$9,300,000$9,300,000$9,300,000$9,300,000
59$10,254,795$9,761,895$9,617,745$10,761,606
60$11,242,268$10,181,712$9,881,423$11,529,326
61$12,328,620$10,620,256$10,152,091$12,359,017
62$13,523,878$11,078,387$10,429,925$13,261,807
63$14,839,091$11,557,006$10,715,106$14,244,749
64$16,286,433$12,057,054$11,007,817$15,315,598
65$17,879,318$12,579,518$11,308,246$16,482,887
66$19,632,524$13,125,430$11,616,588$17,756,000
67$21,562,336$13,695,872$11,933,039$19,145,264
68$23,686,700$14,291,974$12,257,801$20,662,039
69$26,025,386$14,914,924$12,591,081$22,318,828
70$28,600,181$15,565,961$12,933,088$24,129,387
71$31,435,093$16,246,386$13,284,039$26,108,859
72$34,556,572$16,957,559$13,644,154$28,273,908
73$37,993,768$17,700,905$14,013,659$30,642,876
74$41,778,799$18,477,916$14,392,783$33,235,957
75$45,947,058$19,290,155$14,781,763$36,075,376
76$50,537,544$20,139,259$15,180,838$39,185,606
77$55,593,232$21,026,942$15,590,255$42,593,586
78$61,161,478$21,954,998$16,010,265$46,328,982
79$67,294,463$22,925,307$16,441,123$50,424,452
80$74,049,690$23,939,839$16,883,092$54,915,961
81$81,490,523$25,000,655$17,336,440$59,843,113
82$89,686,785$26,109,916$17,801,440$65,249,516
83$98,715,419$27,269,884$18,278,370$71,183,199
84$108,661,212$28,482,929$18,767,515$77,697,054
85$119,617,596$29,751,532$19,269,167$84,849,331
86$131,687,528$31,078,295$19,783,622$92,704,188
87$144,984,465$32,465,941$20,311,183$101,332,287
88$159,633,432$33,917,323$20,852,158$110,811,460
89$175,772,200$35,435,430$21,406,864$121,227,434
90$193,552,591$37,023,393$21,975,621$132,674,638
91$213,141,909$38,684,493$22,558,758$145,257,088
92$234,724,516$40,422,165$23,156,608$159,089,363
93$258,503,576$42,240,011$23,769,514$174,297,678
94$284,702,971$44,141,802$24,397,823$191,021,075
95$313,569,414$46,131,489$25,041,890$209,412,721
96$345,374,775$48,213,213$25,702,074$229,641,353
97$380,418,654$50,391,312$26,378,745$251,892,860
98$419,031,201$52,670,332$27,072,278$276,372,032
99$461,576,239$55,055,033$27,783,054$303,304,486
100$508,454,692$57,550,406$28,511,463$332,938,784