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%15.1%
1 years$776,243$769,329$762,583$755,999$749,569$733,835
2 years$384,279$377,122$370,186$363,461$356,938$341,160
3 years$253,641$246,453$239,535$232,873$226,456$211,127
4 years$188,335$181,169$174,320$167,772$161,510$146,748
5 years$149,162$142,039$135,279$128,865$122,778$108,624
6 years$123,055$115,985$109,326$103,054$97,150$83,620
7 years$104,414$97,404$90,850$84,727$79,009$66,105
8 years$90,440$83,494$77,048$71,075$65,545$53,264
9 years$79,577$72,696$66,362$60,540$55,199$43,531
10 years$70,892$64,078$57,856$52,186$47,032$35,967
11 years$63,790$57,045$50,935$45,418$40,449$29,972
12 years$57,876$51,201$45,204$39,837$35,052$25,148
13 years$52,876$46,270$40,386$35,170$30,566$21,217
14 years$48,594$42,058$36,287$31,220$26,794$17,982
15 years$44,887$38,421$32,763$27,843$23,592$15,297
16 years$41,646$35,251$29,704$24,930$20,850$13,054
17 years$38,789$32,465$27,030$22,400$18,487$11,169
18 years$36,252$29,999$24,675$20,187$16,438$9,577
19 years$33,985$27,802$22,588$18,240$14,652$8,227
20 years$31,948$25,835$20,730$16,520$13,087$7,079
21 years$30,106$24,065$19,068$14,993$11,712$6,099
22 years$28,435$22,463$17,574$13,632$10,498$5,261
23 years$26,911$21,010$16,227$12,415$9,423$4,542
24 years$25,516$19,685$15,007$11,323$8,470$3,925
25 years$24,235$18,473$13,899$10,341$7,622$3,395
26 years$23,054$17,362$12,891$9,455$6,865$2,938
27 years$21,962$16,339$11,970$8,655$6,190$2,543
28 years$20,951$15,397$11,128$7,930$5,585$2,203
29 years$20,010$14,525$10,356$7,272$5,043$1,909
30 years$19,134$13,717$9,646$6,674$4,557$1,655
31 years$18,317$12,967$8,993$6,129$4,120$1,435
32 years$17,551$12,270$8,390$5,633$3,727$1,245
33 years$16,834$11,620$7,834$5,180$3,373$1,080
34 years$16,160$11,013$7,320$4,766$3,054$937
35 years$15,527$10,445$6,843$4,387$2,766$813
36 years$14,929$9,914$6,402$4,041$2,506$706
37 years$14,366$9,416$5,992$3,723$2,271$613
38 years$13,833$8,949$5,611$3,431$2,059$532
39 years$13,329$8,509$5,257$3,164$1,867$462
40 years$12,851$8,096$4,927$2,918$1,694$401
41 years$12,398$7,707$4,620$2,692$1,536$348
42 years$11,968$7,340$4,334$2,485$1,394$302
43 years$11,558$6,993$4,067$2,294$1,265$263
44 years$11,169$6,666$3,818$2,118$1,149$228
45 years$10,797$6,357$3,585$1,956$1,043$198
46 years$10,443$6,064$3,367$1,807$947$172
47 years$10,105$5,787$3,163$1,669$860$149
48 years$9,782$5,524$2,972$1,542$781$130
49 years$9,473$5,275$2,794$1,425$709$113
50 years$9,178$5,039$2,627$1,318$644$98

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 $4,776 every year, while hoping to spend $40,662 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: 63/7/30 Blend
58$9,400,000$9,400,000$9,400,000$9,400,000
59$10,363,726$9,865,526$9,719,826$10,932,796
60$11,377,562$10,305,673$10,002,177$11,760,270
61$12,493,447$10,766,024$10,292,623$12,658,947
62$13,721,746$11,247,527$10,591,393$13,639,805
63$15,073,881$11,751,173$10,898,722$14,710,922
64$16,562,439$12,278,002$11,214,851$15,881,185
65$18,201,287$12,829,103$11,540,027$17,160,379
66$20,005,705$13,405,617$11,874,505$18,559,277
67$21,992,533$14,008,738$12,218,547$20,089,737
68$24,180,324$14,639,718$12,572,421$21,764,816
69$26,589,523$15,299,871$12,936,403$23,598,890
70$29,242,659$15,990,569$13,310,777$25,607,789
71$32,164,556$16,713,253$13,695,834$27,808,943
72$35,382,570$17,469,431$14,091,874$30,221,549
73$38,926,844$18,260,685$14,499,204$32,866,744
74$42,830,594$19,088,671$14,918,139$35,767,811
75$47,130,424$19,955,124$15,349,005$38,950,387
76$51,866,665$20,861,864$15,792,135$42,442,713
77$57,083,765$21,810,795$16,247,872$46,275,892
78$62,830,700$22,803,915$16,716,567$50,484,183
79$69,161,441$23,843,316$17,198,581$55,105,320
80$76,135,460$24,931,192$17,694,286$60,180,869
81$83,818,296$26,069,838$18,204,063$65,756,619
82$92,282,167$27,261,665$18,728,304$71,883,006
83$101,606,656$28,509,195$19,267,410$78,615,592
84$111,879,462$29,815,073$19,821,796$86,015,584
85$123,197,226$31,182,070$20,391,884$94,150,412
86$135,666,442$32,613,091$20,978,112$103,094,360
87$149,404,466$34,111,179$21,580,925$112,929,264
88$164,540,620$35,679,525$22,200,785$123,745,286
89$181,217,413$37,321,472$22,838,162$135,641,757
90$199,591,890$39,040,525$23,493,541$148,728,112
91$219,837,108$40,840,356$24,167,419$163,124,923
92$242,143,774$42,724,814$24,860,309$178,965,032
93$266,722,043$44,697,934$25,572,733$196,394,800
94$293,803,503$46,763,944$26,305,231$215,575,487
95$323,643,360$48,927,277$27,058,356$236,684,771
96$356,522,847$51,192,578$27,832,675$259,918,416
97$392,751,879$53,564,717$28,628,772$285,492,123
98$432,671,980$56,048,797$29,447,245$313,643,560
99$476,659,502$58,650,168$30,288,708$344,634,595
100$525,129,183$61,374,438$31,153,792$378,753,774