Can I retire at age 59 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$776,243$769,329$762,583$755,999$749,569$728,789
2 years$384,279$377,122$370,186$363,461$356,938$336,157
3 years$253,641$246,453$239,535$232,873$226,456$206,326
4 years$188,335$181,169$174,320$167,772$161,510$142,185
5 years$149,162$142,039$135,279$128,865$122,778$104,310
6 years$123,055$115,985$109,326$103,054$97,150$79,558
7 years$104,414$97,404$90,850$84,727$79,009$62,292
8 years$90,440$83,494$77,048$71,075$65,545$49,696
9 years$79,577$72,696$66,362$60,540$55,199$40,201
10 years$70,892$64,078$57,856$52,186$47,032$32,866
11 years$63,790$57,045$50,935$45,418$40,449$27,093
12 years$57,876$51,201$45,204$39,837$35,052$22,480
13 years$52,876$46,270$40,386$35,170$30,566$18,752
14 years$48,594$42,058$36,287$31,220$26,794$15,709
15 years$44,887$38,421$32,763$27,843$23,592$13,205
16 years$41,646$35,251$29,704$24,930$20,850$11,133
17 years$38,789$32,465$27,030$22,400$18,487$9,409
18 years$36,252$29,999$24,675$20,187$16,438$7,967
19 years$33,985$27,802$22,588$18,240$14,652$6,758
20 years$31,948$25,835$20,730$16,520$13,087$5,741
21 years$30,106$24,065$19,068$14,993$11,712$4,882
22 years$28,435$22,463$17,574$13,632$10,498$4,156
23 years$26,911$21,010$16,227$12,415$9,423$3,541
24 years$25,516$19,685$15,007$11,323$8,470$3,019
25 years$24,235$18,473$13,899$10,341$7,622$2,576
26 years$23,054$17,362$12,891$9,455$6,865$2,199
27 years$21,962$16,339$11,970$8,655$6,190$1,877
28 years$20,951$15,397$11,128$7,930$5,585$1,604
29 years$20,010$14,525$10,356$7,272$5,043$1,371
30 years$19,134$13,717$9,646$6,674$4,557$1,172
31 years$18,317$12,967$8,993$6,129$4,120$1,002
32 years$17,551$12,270$8,390$5,633$3,727$857
33 years$16,834$11,620$7,834$5,180$3,373$733
34 years$16,160$11,013$7,320$4,766$3,054$627
35 years$15,527$10,445$6,843$4,387$2,766$536
36 years$14,929$9,914$6,402$4,041$2,506$459
37 years$14,366$9,416$5,992$3,723$2,271$393
38 years$13,833$8,949$5,611$3,431$2,059$336
39 years$13,329$8,509$5,257$3,164$1,867$288
40 years$12,851$8,096$4,927$2,918$1,694$246
41 years$12,398$7,707$4,620$2,692$1,536$211
42 years$11,968$7,340$4,334$2,485$1,394$180
43 years$11,558$6,993$4,067$2,294$1,265$154
44 years$11,169$6,666$3,818$2,118$1,149$132
45 years$10,797$6,357$3,585$1,956$1,043$113
46 years$10,443$6,064$3,367$1,807$947$97
47 years$10,105$5,787$3,163$1,669$860$83
48 years$9,782$5,524$2,972$1,542$781$71
49 years$9,473$5,275$2,794$1,425$709$61
50 years$9,178$5,039$2,627$1,318$644$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,400,000, adding $2,547 every year, while hoping to spend $39,348 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: 54/41/5 Blend
58$9,400,000$9,400,000$9,400,000$9,400,000
59$10,361,427$9,863,227$9,717,527$10,909,905
60$11,376,427$10,304,659$10,001,198$11,721,844
61$12,493,638$10,766,403$10,293,054$12,600,448
62$13,723,444$11,249,412$10,593,326$13,555,639
63$15,077,287$11,754,685$10,902,254$14,594,669
64$16,567,774$12,283,269$11,220,084$15,725,502
65$18,208,799$12,836,260$11,547,068$16,956,891
66$20,015,668$13,414,808$11,883,467$18,298,452
67$22,005,249$14,020,117$12,229,546$19,760,754
68$24,196,128$14,653,447$12,585,580$21,355,416
69$26,608,788$15,316,120$12,951,851$23,095,207
70$29,265,795$16,009,521$13,328,649$24,994,169
71$32,192,019$16,735,100$13,716,271$27,067,739
72$35,414,862$17,494,377$14,115,024$29,332,895
73$38,964,522$18,288,946$14,525,222$31,808,306
74$42,874,274$19,120,475$14,947,187$34,514,511
75$47,180,785$19,990,713$15,381,252$37,474,096
76$51,924,460$20,901,493$15,827,759$40,711,914
77$57,149,823$21,854,735$16,287,058$44,255,304
78$62,905,939$22,852,451$16,759,509$48,134,347
79$69,246,875$23,896,751$17,245,482$52,382,144
80$76,232,208$24,989,844$17,745,358$57,035,118
81$83,927,594$26,134,046$18,259,527$62,133,356
82$92,405,379$27,331,785$18,788,392$67,720,976
83$101,745,289$28,585,604$19,332,365$73,846,535
84$112,035,179$29,898,169$19,891,869$80,563,482
85$123,371,861$31,272,273$20,467,341$87,930,655
86$135,862,022$32,710,845$21,059,227$96,012,821
87$149,623,225$34,216,954$21,667,988$104,881,284
88$164,785,024$35,793,815$22,294,096$114,614,548
89$181,490,184$37,444,799$22,938,036$125,299,043
90$199,896,028$39,173,440$23,600,305$137,029,936
91$220,175,924$40,983,440$24,281,417$149,912,013
92$242,520,921$42,878,681$24,981,897$164,060,661
93$267,141,550$44,863,231$25,702,286$179,602,939
94$294,269,813$46,941,354$26,443,137$196,678,771
95$324,161,373$49,117,519$27,205,021$215,442,249
96$357,097,967$51,396,412$27,988,524$236,063,074
97$393,390,067$53,782,943$28,794,246$258,728,145
98$433,379,805$56,282,260$29,622,806$283,643,305
99$477,444,212$58,899,757$30,474,836$311,035,269
100$525,998,768$61,641,091$31,350,989$341,153,750