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%14.1%
1 years$767,985$761,144$754,470$747,956$741,595$729,009
2 years$380,191$373,110$366,248$359,594$353,141$340,500
3 years$250,943$243,832$236,987$230,396$224,047$211,744
4 years$186,331$179,242$172,466$165,987$159,792$147,922
5 years$147,575$140,528$133,840$127,494$121,471$110,069
6 years$121,745$114,752$108,163$101,958$96,116$85,194
7 years$103,303$96,368$89,884$83,825$78,168$67,729
8 years$89,478$82,605$76,229$70,319$64,848$54,890
9 years$78,730$71,923$65,656$59,896$54,611$45,129
10 years$70,137$63,396$57,240$51,631$46,532$37,517
11 years$63,111$56,438$50,393$44,934$40,019$31,461
12 years$57,261$50,656$44,723$39,414$34,679$26,569
13 years$52,314$45,778$39,957$34,796$30,241$22,565
14 years$48,077$41,611$35,901$30,888$26,509$19,254
15 years$44,409$38,012$32,414$27,547$23,341$16,493
16 years$41,203$34,876$29,388$24,665$20,629$14,174
17 years$38,376$32,119$26,742$22,162$18,291$12,214
18 years$35,867$29,680$24,412$19,972$16,263$10,550
19 years$33,624$27,507$22,348$18,046$14,496$9,130
20 years$31,608$25,561$20,510$16,344$12,948$7,915
21 years$29,786$23,809$18,865$14,834$11,587$6,872
22 years$28,132$22,225$17,387$13,487$10,386$5,973
23 years$26,625$20,786$16,054$12,283$9,323$5,198
24 years$25,245$19,475$14,847$11,203$8,380$4,527
25 years$23,977$18,277$13,752$10,231$7,541$3,946
26 years$22,809$17,177$12,754$9,355$6,792$3,442
27 years$21,729$16,166$11,843$8,563$6,124$3,004
28 years$20,728$15,233$11,010$7,845$5,526$2,624
29 years$19,797$14,370$10,245$7,194$4,990$2,292
30 years$18,931$13,571$9,543$6,603$4,508$2,003
31 years$18,122$12,829$8,897$6,064$4,076$1,752
32 years$17,365$12,139$8,301$5,573$3,687$1,532
33 years$16,655$11,496$7,751$5,125$3,337$1,340
34 years$15,988$10,896$7,242$4,715$3,021$1,173
35 years$15,361$10,334$6,771$4,341$2,736$1,026
36 years$14,771$9,809$6,334$3,998$2,479$898
37 years$14,213$9,316$5,928$3,683$2,247$786
38 years$13,686$8,854$5,551$3,395$2,037$689
39 years$13,187$8,419$5,201$3,130$1,847$603
40 years$12,715$8,010$4,875$2,887$1,676$528
41 years$12,266$7,625$4,571$2,664$1,520$463
42 years$11,840$7,261$4,288$2,458$1,379$405
43 years$11,435$6,919$4,024$2,269$1,252$355
44 years$11,050$6,595$3,777$2,095$1,136$311
45 years$10,682$6,289$3,546$1,935$1,032$272
46 years$10,332$5,999$3,331$1,788$937$239
47 years$9,998$5,725$3,129$1,651$850$209
48 years$9,678$5,466$2,941$1,526$772$183
49 years$9,372$5,219$2,764$1,410$701$161
50 years$9,080$4,986$2,599$1,304$637$141

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 $2,199 every year, while hoping to spend $28,273 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: 46/29/25 Blend
58$9,300,000$9,300,000$9,300,000$9,300,000
59$10,250,868$9,757,968$9,613,818$10,648,654
60$11,266,375$10,206,026$9,905,799$11,377,428
61$12,384,515$10,675,092$10,206,613$12,164,718
62$13,615,728$11,166,164$10,516,528$13,018,376
63$14,971,517$11,680,291$10,835,816$13,944,621
64$16,464,556$12,218,569$11,164,760$14,950,286
65$18,108,813$12,782,151$11,503,651$16,042,875
66$19,919,677$13,372,242$11,852,789$17,230,635
67$21,914,108$13,990,105$12,212,481$18,522,627
68$24,110,793$14,637,067$12,583,046$19,928,809
69$26,530,326$15,314,515$12,964,810$21,460,128
70$29,195,399$16,023,906$13,358,110$23,128,617
71$32,131,016$16,766,764$13,763,294$24,947,504
72$35,364,734$17,544,690$14,180,719$26,931,338
73$38,926,917$18,359,360$14,610,752$29,096,116
74$42,851,024$19,212,529$15,053,774$31,459,431
75$47,173,927$20,106,042$15,510,174$34,040,636
76$51,936,257$21,041,828$15,980,354$36,861,020
77$57,182,788$22,021,910$16,464,729$39,944,001
78$62,962,860$23,048,412$16,963,726$43,315,347
79$69,330,844$24,123,556$17,477,782$47,003,409
80$76,346,653$25,249,673$18,007,351$51,039,386
81$84,076,313$26,429,209$18,552,899$55,457,610
82$92,592,581$27,664,724$19,114,905$60,295,867
83$101,975,634$28,958,905$19,693,864$65,595,746
84$112,313,824$30,314,567$20,290,284$71,403,022
85$123,704,515$31,734,661$20,904,689$77,768,083
86$136,254,999$33,222,283$21,537,619$84,746,400
87$150,083,509$34,780,676$22,189,630$92,399,038
88$165,320,339$36,413,240$22,861,295$100,793,228
89$182,109,067$38,123,543$23,553,201$110,002,989
90$200,607,916$39,915,320$24,265,958$120,109,823
91$220,991,245$41,792,492$25,000,189$131,203,468
92$243,451,195$43,759,168$25,756,538$143,382,742
93$268,199,503$45,819,653$26,535,669$156,756,461
94$295,469,502$47,978,466$27,338,263$171,444,455
95$325,518,321$50,240,340$28,165,025$187,578,690
96$358,629,314$52,610,241$29,016,677$205,304,503
97$395,114,733$55,093,372$29,893,965$224,781,956
98$435,318,681$57,695,192$30,797,658$246,187,339
99$479,620,351$60,421,422$31,728,544$269,714,820
100$528,437,616$63,278,060$32,687,440$295,578,262