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%17.1%
1 years$767,985$761,144$754,470$747,956$741,595$720,165
2 years$380,191$373,110$366,248$359,594$353,141$331,720
3 years$250,943$243,832$236,987$230,396$224,047$203,308
4 years$186,331$179,242$172,466$165,987$159,792$139,893
5 years$147,575$140,528$133,840$127,494$121,471$102,467
6 years$121,745$114,752$108,163$101,958$96,116$78,024
7 years$103,303$96,368$89,884$83,825$78,168$60,987
8 years$89,478$82,605$76,229$70,319$64,848$48,569
9 years$78,730$71,923$65,656$59,896$54,611$39,218
10 years$70,137$63,396$57,240$51,631$46,532$32,003
11 years$63,111$56,438$50,393$44,934$40,019$26,330
12 years$57,261$50,656$44,723$39,414$34,679$21,804
13 years$52,314$45,778$39,957$34,796$30,241$18,151
14 years$48,077$41,611$35,901$30,888$26,509$15,174
15 years$44,409$38,012$32,414$27,547$23,341$12,729
16 years$41,203$34,876$29,388$24,665$20,629$10,709
17 years$38,376$32,119$26,742$22,162$18,291$9,030
18 years$35,867$29,680$24,412$19,972$16,263$7,630
19 years$33,624$27,507$22,348$18,046$14,496$6,457
20 years$31,608$25,561$20,510$16,344$12,948$5,472
21 years$29,786$23,809$18,865$14,834$11,587$4,643
22 years$28,132$22,225$17,387$13,487$10,386$3,943
23 years$26,625$20,786$16,054$12,283$9,323$3,352
24 years$25,245$19,475$14,847$11,203$8,380$2,851
25 years$23,977$18,277$13,752$10,231$7,541$2,426
26 years$22,809$17,177$12,754$9,355$6,792$2,066
27 years$21,729$16,166$11,843$8,563$6,124$1,760
28 years$20,728$15,233$11,010$7,845$5,526$1,500
29 years$19,797$14,370$10,245$7,194$4,990$1,279
30 years$18,931$13,571$9,543$6,603$4,508$1,090
31 years$18,122$12,829$8,897$6,064$4,076$930
32 years$17,365$12,139$8,301$5,573$3,687$793
33 years$16,655$11,496$7,751$5,125$3,337$677
34 years$15,988$10,896$7,242$4,715$3,021$577
35 years$15,361$10,334$6,771$4,341$2,736$493
36 years$14,771$9,809$6,334$3,998$2,479$421
37 years$14,213$9,316$5,928$3,683$2,247$359
38 years$13,686$8,854$5,551$3,395$2,037$306
39 years$13,187$8,419$5,201$3,130$1,847$262
40 years$12,715$8,010$4,875$2,887$1,676$223
41 years$12,266$7,625$4,571$2,664$1,520$191
42 years$11,840$7,261$4,288$2,458$1,379$163
43 years$11,435$6,919$4,024$2,269$1,252$139
44 years$11,050$6,595$3,777$2,095$1,136$119
45 years$10,682$6,289$3,546$1,935$1,032$101
46 years$10,332$5,999$3,331$1,788$937$87
47 years$9,998$5,725$3,129$1,651$850$74
48 years$9,678$5,466$2,941$1,526$772$63
49 years$9,372$5,219$2,764$1,410$701$54
50 years$9,080$4,986$2,599$1,304$637$46

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 $3,360 every year, while hoping to spend $30,726 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: 73/13/14 Blend
58$9,300,000$9,300,000$9,300,000$9,300,000
59$10,252,066$9,759,166$9,615,016$10,969,135
60$11,265,084$10,204,673$9,904,427$11,889,788
61$12,380,401$10,670,980$10,202,503$12,893,823
62$13,608,418$11,159,073$10,509,502$13,992,785
63$14,960,596$11,669,988$10,825,691$15,196,075
64$16,449,567$12,204,807$11,151,341$16,514,041
65$18,089,247$12,764,667$11,486,735$17,958,073
66$19,894,971$13,350,757$11,832,162$19,540,714
67$21,883,639$13,964,325$12,187,921$21,275,771
68$24,073,872$14,606,678$12,554,318$23,178,447
69$26,486,189$15,279,187$12,931,669$25,265,481
70$29,143,200$15,983,288$13,320,300$27,555,306
71$32,069,823$16,720,485$13,720,546$30,068,220
72$35,293,512$17,492,356$14,132,752$32,826,576
73$38,844,524$18,300,555$14,557,273$35,854,988
74$42,756,197$19,146,815$14,994,474$39,180,568
75$47,065,272$20,032,951$15,444,731$42,833,172
76$51,812,233$20,960,869$15,908,432$46,845,686
77$57,041,692$21,932,562$16,385,976$51,254,326
78$62,802,811$22,950,125$16,877,773$56,098,989
79$69,149,764$24,015,747$17,384,245$61,423,613
80$76,142,250$25,131,729$17,905,828$67,276,602
81$83,846,056$26,300,480$18,442,968$73,711,270
82$92,333,674$27,524,524$18,996,128$80,786,348
83$101,684,991$28,806,508$19,565,781$88,566,530
84$111,988,042$30,149,209$20,152,417$97,123,086
85$123,339,836$31,555,533$20,756,536$106,534,526
86$135,847,276$33,028,532$21,378,658$116,887,341
87$149,628,169$34,571,401$22,019,314$128,276,813
88$164,812,335$36,187,491$22,679,052$140,807,914
89$181,542,830$37,880,316$23,358,438$154,596,289
90$199,977,305$39,653,558$24,058,052$169,769,348
91$220,289,486$41,511,078$24,778,492$186,467,458
92$242,670,815$43,456,922$25,520,374$204,845,270
93$267,332,262$45,495,335$26,284,330$225,073,170
94$294,506,310$47,630,764$27,071,012$247,338,884
95$324,449,156$49,867,873$27,881,093$271,849,243
96$357,443,122$52,211,552$28,715,262$298,832,133
97$393,799,328$54,666,925$29,574,231$328,538,639
98$433,860,622$57,239,367$30,458,731$361,245,408
99$478,004,822$59,934,513$31,369,515$397,257,256
100$526,648,279$62,758,269$32,307,358$436,910,038