Can I retire at age 59 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$784,501$777,513$770,696$764,041$757,543$747,458
2 years$388,367$381,134$374,124$367,327$360,735$350,590
3 years$256,339$249,075$242,083$235,350$228,865$218,976
4 years$190,339$183,097$176,174$169,557$163,228$153,672
5 years$150,748$143,550$136,719$130,236$124,084$114,887
6 years$124,364$117,219$110,489$104,151$98,183$89,357
7 years$105,525$98,441$91,817$85,628$79,849$71,397
8 years$91,402$84,382$77,868$71,831$66,243$58,164
9 years$80,423$73,470$67,068$61,184$55,786$48,077
10 years$71,646$64,760$58,471$52,741$47,532$40,187
11 years$64,469$57,652$51,477$45,901$40,879$33,891
12 years$58,492$51,745$45,685$40,261$35,425$28,786
13 years$53,439$46,763$40,816$35,545$30,891$24,593
14 years$49,111$42,506$36,673$31,552$27,079$21,112
15 years$45,364$38,830$33,111$28,139$23,843$18,196
16 years$42,089$35,626$30,020$25,196$21,072$15,736
17 years$39,201$32,810$27,317$22,638$18,684$13,647
18 years$36,638$30,318$24,937$20,401$16,613$11,864
19 years$34,347$28,098$22,829$18,434$14,808$10,336
20 years$32,287$26,110$20,951$16,696$13,226$9,020
21 years$30,427$24,321$19,271$15,153$11,836$7,884
22 years$28,737$22,702$17,761$13,777$10,609$6,901
23 years$27,197$21,233$16,399$12,547$9,524$6,047
24 years$25,787$19,894$15,167$11,444$8,560$5,304
25 years$24,492$18,670$14,047$10,451$7,703$4,656
26 years$23,299$17,546$13,028$9,556$6,938$4,091
27 years$22,196$16,513$12,098$8,747$6,256$3,596
28 years$21,173$15,560$11,246$8,014$5,644$3,163
29 years$20,223$14,679$10,466$7,349$5,097$2,784
30 years$19,338$13,863$9,748$6,745$4,605$2,451
31 years$18,511$13,105$9,088$6,194$4,164$2,159
32 years$17,738$12,400$8,479$5,693$3,766$1,903
33 years$17,013$11,743$7,917$5,235$3,408$1,677
34 years$16,332$11,130$7,397$4,817$3,086$1,479
35 years$15,692$10,557$6,916$4,434$2,795$1,304
36 years$15,088$10,020$6,470$4,084$2,533$1,150
37 years$14,519$9,516$6,056$3,762$2,295$1,015
38 years$13,980$9,044$5,671$3,468$2,081$895
39 years$13,471$8,600$5,313$3,198$1,887$790
40 years$12,988$8,182$4,980$2,949$1,712$697
41 years$12,530$7,789$4,670$2,721$1,553$615
42 years$12,095$7,418$4,380$2,511$1,409$543
43 years$11,681$7,068$4,110$2,318$1,279$480
44 years$11,287$6,737$3,858$2,140$1,161$423
45 years$10,912$6,424$3,623$1,977$1,054$374
46 years$10,554$6,128$3,403$1,826$957$330
47 years$10,213$5,848$3,197$1,687$869$292
48 years$9,886$5,583$3,004$1,559$789$257
49 years$9,574$5,332$2,823$1,441$717$227
50 years$9,275$5,093$2,654$1,332$651$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,500,000, adding $5,659 every year, while hoping to spend $21,323 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: 32/38/30 Blend
58$9,500,000$9,500,000$9,500,000$9,500,000
59$10,474,837$9,971,337$9,824,087$10,714,221
60$11,520,583$10,437,245$10,130,507$11,365,468
61$12,672,280$10,925,268$10,446,476$12,064,148
62$13,940,714$11,436,467$10,772,294$12,816,288
63$15,337,767$11,971,954$11,108,266$13,626,615
64$16,876,535$12,532,896$11,454,709$14,500,311
65$18,571,448$13,120,515$11,811,949$15,443,054
66$20,438,409$13,736,092$12,180,321$16,461,066
67$22,494,938$14,380,972$12,560,174$17,561,168
68$24,760,345$15,056,563$12,951,863$18,750,843
69$27,255,908$15,764,343$13,355,758$20,038,297
70$30,005,073$16,505,858$13,772,239$21,432,534
71$33,033,679$17,282,734$14,201,697$22,943,433
72$36,370,198$18,096,671$14,644,538$24,581,839
73$40,046,004$18,949,454$15,101,176$26,359,656
74$44,095,674$19,842,954$15,572,042$28,289,956
75$48,557,306$20,779,133$16,057,579$30,387,093
76$53,472,887$21,760,046$16,558,243$32,666,836
77$58,888,683$22,787,850$17,074,506$35,146,505
78$64,855,679$23,864,805$17,606,853$37,845,131
79$71,430,061$24,993,283$18,155,785$40,783,628
80$78,673,740$26,175,767$18,721,817$43,984,978
81$86,654,947$27,414,865$19,305,483$47,474,447
82$95,448,866$28,713,307$19,907,331$51,279,806
83$105,138,350$30,073,959$20,527,927$55,431,592
84$115,814,703$31,499,825$21,167,854$59,963,379
85$127,578,541$32,994,054$21,827,714$64,912,090
86$140,540,737$34,559,948$22,508,128$70,318,333
87$154,823,477$36,200,971$23,209,736$76,226,774
88$170,561,406$37,920,752$23,933,196$82,686,547
89$187,902,900$39,723,100$24,679,189$89,751,702
90$207,011,470$41,612,006$25,448,415$97,481,711
91$228,067,302$43,591,656$26,241,599$105,942,005
92$251,268,960$45,666,440$27,059,486$115,204,588
93$276,835,258$47,840,960$27,902,843$125,348,697
94$305,007,331$50,120,044$28,772,465$136,461,532
95$336,050,903$52,508,750$29,669,167$148,639,072
96$370,258,804$55,012,388$30,593,793$161,986,956
97$407,953,728$57,636,521$31,547,211$176,621,467
98$449,491,283$60,386,985$32,530,317$192,670,611
99$495,263,346$63,269,899$33,544,034$210,275,304
100$545,701,764$66,291,681$34,589,316$229,590,687