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

Use the below retirement simulation to view the chances of a successful retirement.
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 years$767,985$761,144$754,470$747,956$741,595$729,309
2 years$380,191$373,110$366,248$359,594$353,141$340,799
3 years$250,943$243,832$236,987$230,396$224,047$212,033
4 years$186,331$179,242$172,466$165,987$159,792$148,199
5 years$147,575$140,528$133,840$127,494$121,471$110,333
6 years$121,745$114,752$108,163$101,958$96,116$85,444
7 years$103,303$96,368$89,884$83,825$78,168$67,966
8 years$89,478$82,605$76,229$70,319$64,848$55,114
9 years$78,730$71,923$65,656$59,896$54,611$45,340
10 years$70,137$63,396$57,240$51,631$46,532$37,715
11 years$63,111$56,438$50,393$44,934$40,019$31,648
12 years$57,261$50,656$44,723$39,414$34,679$26,743
13 years$52,314$45,778$39,957$34,796$30,241$22,728
14 years$48,077$41,611$35,901$30,888$26,509$19,406
15 years$44,409$38,012$32,414$27,547$23,341$16,635
16 years$41,203$34,876$29,388$24,665$20,629$14,306
17 years$38,376$32,119$26,742$22,162$18,291$12,337
18 years$35,867$29,680$24,412$19,972$16,263$10,663
19 years$33,624$27,507$22,348$18,046$14,496$9,235
20 years$31,608$25,561$20,510$16,344$12,948$8,012
21 years$29,786$23,809$18,865$14,834$11,587$6,961
22 years$28,132$22,225$17,387$13,487$10,386$6,056
23 years$26,625$20,786$16,054$12,283$9,323$5,274
24 years$25,245$19,475$14,847$11,203$8,380$4,597
25 years$23,977$18,277$13,752$10,231$7,541$4,010
26 years$22,809$17,177$12,754$9,355$6,792$3,501
27 years$21,729$16,166$11,843$8,563$6,124$3,058
28 years$20,728$15,233$11,010$7,845$5,526$2,673
29 years$19,797$14,370$10,245$7,194$4,990$2,337
30 years$18,931$13,571$9,543$6,603$4,508$2,044
31 years$18,122$12,829$8,897$6,064$4,076$1,789
32 years$17,365$12,139$8,301$5,573$3,687$1,566
33 years$16,655$11,496$7,751$5,125$3,337$1,371
34 years$15,988$10,896$7,242$4,715$3,021$1,200
35 years$15,361$10,334$6,771$4,341$2,736$1,052
36 years$14,771$9,809$6,334$3,998$2,479$921
37 years$14,213$9,316$5,928$3,683$2,247$807
38 years$13,686$8,854$5,551$3,395$2,037$707
39 years$13,187$8,419$5,201$3,130$1,847$620
40 years$12,715$8,010$4,875$2,887$1,676$543
41 years$12,266$7,625$4,571$2,664$1,520$476
42 years$11,840$7,261$4,288$2,458$1,379$418
43 years$11,435$6,919$4,024$2,269$1,252$366
44 years$11,050$6,595$3,777$2,095$1,136$321
45 years$10,682$6,289$3,546$1,935$1,032$282
46 years$10,332$5,999$3,331$1,788$937$247
47 years$9,998$5,725$3,129$1,651$850$216
48 years$9,678$5,466$2,941$1,526$772$190
49 years$9,372$5,219$2,764$1,410$701$166
50 years$9,080$4,986$2,599$1,304$637$146

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 $5,638 every year, while hoping to spend $32,664 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: 73/15/12 Blend
58$9,300,000$9,300,000$9,300,000$9,300,000
59$10,254,416$9,761,516$9,617,366$10,977,488
60$11,265,612$10,205,076$9,904,793$11,899,878
61$12,378,855$10,669,275$10,200,755$12,905,279
62$13,604,520$11,155,092$10,505,502$14,005,612
63$14,954,038$11,663,548$10,819,293$15,210,267
64$16,440,005$12,195,717$11,142,395$16,529,580
65$18,076,302$12,752,724$11,475,081$17,974,926
66$19,878,223$13,335,745$11,817,634$19,558,830
67$21,862,620$13,946,015$12,170,344$21,295,081
68$24,048,066$14,584,829$12,533,509$23,198,859
69$26,455,025$15,253,541$12,907,437$25,286,878
70$29,106,046$15,953,573$13,292,445$27,577,541
71$32,025,978$16,686,414$13,688,858$30,091,114
72$35,242,204$17,453,624$14,097,010$32,849,910
73$38,784,896$18,256,839$14,517,248$35,878,505
74$42,687,305$19,097,773$14,949,924$39,203,958
75$46,986,069$19,978,223$15,395,406$42,856,075
76$51,721,564$20,900,072$15,854,068$46,867,677
77$56,938,281$21,865,293$16,326,297$51,274,915
78$62,685,249$22,875,956$16,812,491$56,117,605
79$69,016,494$23,934,227$17,313,059$61,439,602
80$75,991,552$25,042,380$17,828,423$67,289,210
81$83,676,031$26,202,798$18,359,015$73,719,637
82$92,142,227$27,417,976$18,905,283$80,789,489
83$101,469,809$28,690,531$19,467,685$88,563,328
84$111,746,571$30,023,208$20,046,693$97,112,268
85$123,069,257$31,418,881$20,642,793$106,514,652
86$135,544,480$32,880,566$21,256,486$116,856,780
87$149,289,724$34,411,420$21,888,286$128,233,725
88$164,434,454$36,014,758$22,538,721$140,750,224
89$181,121,337$37,694,050$23,208,337$154,521,660
90$199,507,592$39,452,936$23,897,694$169,675,152
91$219,766,468$41,295,232$24,607,369$186,350,745
92$242,088,887$43,224,938$25,337,955$204,702,730
93$266,685,238$45,246,245$26,090,062$224,901,094
94$293,787,372$47,363,550$26,864,317$247,133,119
95$323,650,780$49,581,460$27,661,368$271,605,144
96$356,557,014$51,904,806$28,481,879$298,544,510
97$392,816,341$54,338,653$29,326,533$328,201,695
98$432,770,670$56,888,309$30,196,034$360,852,674
99$476,796,783$59,559,341$31,091,106$396,801,520
100$525,309,890$62,357,584$32,012,494$436,383,263