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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$776,243$769,329$762,583$755,999$749,569$729,673
2 years$384,279$377,122$370,186$363,461$356,938$337,031
3 years$253,641$246,453$239,535$232,873$226,456$207,162
4 years$188,335$181,169$174,320$167,772$161,510$142,978
5 years$149,162$142,039$135,279$128,865$122,778$105,058
6 years$123,055$115,985$109,326$103,054$97,150$80,259
7 years$104,414$97,404$90,850$84,727$79,009$62,949
8 years$90,440$83,494$77,048$71,075$65,545$50,308
9 years$79,577$72,696$66,362$60,540$55,199$40,770
10 years$70,892$64,078$57,856$52,186$47,032$33,394
11 years$63,790$57,045$50,935$45,418$40,449$27,581
12 years$57,876$51,201$45,204$39,837$35,052$22,931
13 years$52,876$46,270$40,386$35,170$30,566$19,166
14 years$48,594$42,058$36,287$31,220$26,794$16,089
15 years$44,887$38,421$32,763$27,843$23,592$13,554
16 years$41,646$35,251$29,704$24,930$20,850$11,451
17 years$38,789$32,465$27,030$22,400$18,487$9,699
18 years$36,252$29,999$24,675$20,187$16,438$8,231
19 years$33,985$27,802$22,588$18,240$14,652$6,998
20 years$31,948$25,835$20,730$16,520$13,087$5,958
21 years$30,106$24,065$19,068$14,993$11,712$5,078
22 years$28,435$22,463$17,574$13,632$10,498$4,333
23 years$26,911$21,010$16,227$12,415$9,423$3,701
24 years$25,516$19,685$15,007$11,323$8,470$3,163
25 years$24,235$18,473$13,899$10,341$7,622$2,705
26 years$23,054$17,362$12,891$9,455$6,865$2,314
27 years$21,962$16,339$11,970$8,655$6,190$1,981
28 years$20,951$15,397$11,128$7,930$5,585$1,697
29 years$20,010$14,525$10,356$7,272$5,043$1,453
30 years$19,134$13,717$9,646$6,674$4,557$1,245
31 years$18,317$12,967$8,993$6,129$4,120$1,067
32 years$17,551$12,270$8,390$5,633$3,727$915
33 years$16,834$11,620$7,834$5,180$3,373$785
34 years$16,160$11,013$7,320$4,766$3,054$673
35 years$15,527$10,445$6,843$4,387$2,766$577
36 years$14,929$9,914$6,402$4,041$2,506$495
37 years$14,366$9,416$5,992$3,723$2,271$425
38 years$13,833$8,949$5,611$3,431$2,059$364
39 years$13,329$8,509$5,257$3,164$1,867$313
40 years$12,851$8,096$4,927$2,918$1,694$268
41 years$12,398$7,707$4,620$2,692$1,536$230
42 years$11,968$7,340$4,334$2,485$1,394$198
43 years$11,558$6,993$4,067$2,294$1,265$170
44 years$11,169$6,666$3,818$2,118$1,149$145
45 years$10,797$6,357$3,585$1,956$1,043$125
46 years$10,443$6,064$3,367$1,807$947$107
47 years$10,105$5,787$3,163$1,669$860$92
48 years$9,782$5,524$2,972$1,542$781$79
49 years$9,473$5,275$2,794$1,425$709$68
50 years$9,178$5,039$2,627$1,318$644$58

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 $4,554 every year, while hoping to spend $40,052 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: 29/47/24 Blend
58$9,400,000$9,400,000$9,400,000$9,400,000
59$10,363,497$9,865,297$9,719,597$10,586,418
60$11,377,959$10,306,082$10,002,589$11,201,003
61$12,494,554$10,767,123$10,293,718$11,857,444
62$13,723,656$11,249,370$10,593,216$12,562,374
63$15,076,699$11,753,818$10,901,318$13,319,996
64$16,566,278$12,281,512$11,218,269$14,134,910
65$18,206,275$12,833,543$11,544,318$15,012,154
66$20,011,985$13,411,056$11,879,721$15,957,242
67$22,000,259$14,015,250$12,224,744$16,976,218
68$24,189,670$14,647,381$12,579,658$18,075,704
69$26,600,681$15,308,767$12,944,740$19,262,957
70$29,255,840$16,000,786$13,320,278$20,545,935
71$32,179,994$16,724,883$13,706,567$21,933,364
72$35,400,524$17,482,573$14,103,908$23,434,816
73$38,947,601$18,275,443$14,512,612$25,060,792
74$42,854,471$19,105,154$14,932,998$26,822,817
75$47,157,769$19,973,448$15,365,396$28,733,537
76$51,897,866$20,882,152$15,810,141$30,806,840
77$57,119,247$21,833,177$16,267,580$33,057,970
78$62,870,936$22,828,528$16,738,070$35,503,670
79$69,206,951$23,870,305$17,221,974$38,162,331
80$76,186,819$24,960,709$17,719,670$41,054,155
81$83,876,138$26,102,047$18,231,542$44,201,338
82$92,347,193$27,296,736$18,757,988$47,628,271
83$101,679,640$28,547,309$19,299,413$51,361,760
84$111,961,256$29,856,421$19,856,237$55,431,271
85$123,288,772$31,226,853$20,428,888$59,869,195
86$135,768,780$32,661,522$21,017,809$64,711,143
87$149,518,742$34,163,483$21,623,452$69,996,274
88$164,668,098$35,735,939$22,246,283$75,767,648
89$181,359,490$37,382,246$22,886,779$82,072,624
90$199,750,105$39,105,922$23,545,433$88,963,294
91$220,013,158$40,910,655$24,222,747$96,496,955
92$242,339,532$42,800,308$24,919,241$104,736,645
93$266,939,574$44,778,934$25,635,446$113,751,715
94$294,045,085$46,850,776$26,371,908$123,618,474
95$323,911,505$49,020,286$27,129,188$134,420,887
96$356,820,326$51,292,126$27,907,863$146,251,357
97$393,081,746$53,671,187$28,708,523$159,211,574
98$433,037,602$56,162,594$29,531,776$173,413,461
99$477,064,593$58,771,716$30,378,247$188,980,206
100$525,577,838$61,504,187$31,248,574$206,047,407