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%14.6%
1 years$776,243$769,329$762,583$755,999$749,569$735,337
2 years$384,279$377,122$370,186$363,461$356,938$342,655
3 years$253,641$246,453$239,535$232,873$226,456$212,567
4 years$188,335$181,169$174,320$167,772$161,510$148,123
5 years$149,162$142,039$135,279$128,865$122,778$109,929
6 years$123,055$115,985$109,326$103,054$97,150$84,855
7 years$104,414$97,404$90,850$84,727$79,009$67,271
8 years$90,440$83,494$77,048$71,075$65,545$54,361
9 years$79,577$72,696$66,362$60,540$55,199$44,561
10 years$70,892$64,078$57,856$52,186$47,032$36,931
11 years$63,790$57,045$50,935$45,418$40,449$30,873
12 years$57,876$51,201$45,204$39,837$35,052$25,988
13 years$52,876$46,270$40,386$35,170$30,566$21,998
14 years$48,594$42,058$36,287$31,220$26,794$18,708
15 years$44,887$38,421$32,763$27,843$23,592$15,970
16 years$41,646$35,251$29,704$24,930$20,850$13,676
17 years$38,789$32,465$27,030$22,400$18,487$11,743
18 years$36,252$29,999$24,675$20,187$16,438$10,106
19 years$33,985$27,802$22,588$18,240$14,652$8,714
20 years$31,948$25,835$20,730$16,520$13,087$7,526
21 years$30,106$24,065$19,068$14,993$11,712$6,509
22 years$28,435$22,463$17,574$13,632$10,498$5,636
23 years$26,911$21,010$16,227$12,415$9,423$4,886
24 years$25,516$19,685$15,007$11,323$8,470$4,239
25 years$24,235$18,473$13,899$10,341$7,622$3,680
26 years$23,054$17,362$12,891$9,455$6,865$3,197
27 years$21,962$16,339$11,970$8,655$6,190$2,779
28 years$20,951$15,397$11,128$7,930$5,585$2,417
29 years$20,010$14,525$10,356$7,272$5,043$2,103
30 years$19,134$13,717$9,646$6,674$4,557$1,831
31 years$18,317$12,967$8,993$6,129$4,120$1,594
32 years$17,551$12,270$8,390$5,633$3,727$1,388
33 years$16,834$11,620$7,834$5,180$3,373$1,210
34 years$16,160$11,013$7,320$4,766$3,054$1,054
35 years$15,527$10,445$6,843$4,387$2,766$918
36 years$14,929$9,914$6,402$4,041$2,506$801
37 years$14,366$9,416$5,992$3,723$2,271$698
38 years$13,833$8,949$5,611$3,431$2,059$609
39 years$13,329$8,509$5,257$3,164$1,867$531
40 years$12,851$8,096$4,927$2,918$1,694$463
41 years$12,398$7,707$4,620$2,692$1,536$404
42 years$11,968$7,340$4,334$2,485$1,394$352
43 years$11,558$6,993$4,067$2,294$1,265$307
44 years$11,169$6,666$3,818$2,118$1,149$268
45 years$10,797$6,357$3,585$1,956$1,043$234
46 years$10,443$6,064$3,367$1,807$947$204
47 years$10,105$5,787$3,163$1,669$860$178
48 years$9,782$5,524$2,972$1,542$781$155
49 years$9,473$5,275$2,794$1,425$709$135
50 years$9,178$5,039$2,627$1,318$644$118

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 $5,203 every year, while hoping to spend $46,784 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: 47/30/23 Blend
58$9,400,000$9,400,000$9,400,000$9,400,000
59$10,364,167$9,865,967$9,720,267$10,783,015
60$11,371,534$10,299,621$9,996,118$11,510,692
61$12,480,085$10,752,957$10,279,642$12,295,025
62$13,700,090$11,226,889$10,571,047$13,145,443
63$15,042,868$11,722,375$10,870,545$14,068,160
64$16,520,888$12,240,419$11,178,356$15,070,004
65$18,147,891$12,782,072$11,494,704$16,158,474
66$19,939,017$13,348,435$11,819,818$17,341,815
67$21,910,950$13,940,661$12,153,934$18,629,085
68$24,082,071$14,559,958$12,497,296$20,030,244
69$26,472,637$15,207,591$12,850,150$21,556,241
70$29,104,969$15,884,885$13,212,752$23,219,113
71$32,003,659$16,593,228$13,585,363$25,032,098
72$35,195,811$17,334,075$13,968,252$27,009,755
73$38,711,287$18,108,948$14,361,692$29,168,096
74$42,582,996$18,919,443$14,765,965$31,524,735
75$46,847,197$19,767,232$15,181,361$34,099,047
76$51,543,851$20,654,066$15,608,176$36,912,350
77$56,716,988$21,581,779$16,046,714$39,988,100
78$62,415,128$22,552,294$16,497,287$43,352,105
79$68,691,738$23,567,623$16,960,213$47,032,770
80$75,605,736$24,629,878$17,435,821$51,061,350
81$83,222,047$25,741,267$17,924,446$55,472,250
82$91,612,213$26,904,106$18,426,432$60,303,335
83$100,855,074$28,120,823$18,942,133$65,596,286
84$111,037,507$29,393,958$19,471,910$71,396,986
85$122,255,247$30,726,177$20,016,134$77,755,949
86$134,613,792$32,120,270$20,575,184$84,728,783
87$148,229,397$33,579,161$21,149,451$92,376,716
88$163,230,171$35,105,916$21,739,333$100,767,159
89$179,757,288$36,703,744$22,345,239$109,974,341
90$197,966,316$38,376,012$22,967,589$120,079,994
91$218,028,688$40,126,246$23,606,812$131,174,124
92$240,133,322$41,958,139$24,263,348$143,355,845
93$264,488,399$43,875,565$24,937,648$156,734,310
94$291,323,329$45,882,582$25,630,173$171,429,725
95$320,890,922$47,983,442$26,341,397$187,574,483
96$353,469,766$50,182,601$27,071,804$205,314,393
97$389,366,864$52,484,730$27,821,891$224,810,052
98$428,920,526$54,894,723$28,592,166$246,238,346
99$472,503,566$57,417,711$29,383,150$269,794,109
100$520,526,820$60,059,069$30,195,376$295,691,949