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%17.3%
1 years$784,501$777,513$770,696$764,041$757,543$735,061
2 years$388,367$381,134$374,124$367,327$360,735$338,270
3 years$256,339$249,075$242,083$235,350$228,865$207,122
4 years$190,339$183,097$176,174$169,557$163,228$142,374
5 years$150,748$143,550$136,719$130,236$124,084$104,174
6 years$124,364$117,219$110,489$104,151$98,183$79,237
7 years$105,525$98,441$91,817$85,628$79,849$61,865
8 years$91,402$84,382$77,868$71,831$66,243$49,210
9 years$80,423$73,470$67,068$61,184$55,786$39,687
10 years$71,646$64,760$58,471$52,741$47,532$32,345
11 years$64,469$57,652$51,477$45,901$40,879$26,578
12 years$58,492$51,745$45,685$40,261$35,425$21,980
13 years$53,439$46,763$40,816$35,545$30,891$18,273
14 years$49,111$42,506$36,673$31,552$27,079$15,255
15 years$45,364$38,830$33,111$28,139$23,843$12,779
16 years$42,089$35,626$30,020$25,196$21,072$10,735
17 years$39,201$32,810$27,317$22,638$18,684$9,039
18 years$36,638$30,318$24,937$20,401$16,613$7,626
19 years$34,347$28,098$22,829$18,434$14,808$6,444
20 years$32,287$26,110$20,951$16,696$13,226$5,453
21 years$30,427$24,321$19,271$15,153$11,836$4,620
22 years$28,737$22,702$17,761$13,777$10,609$3,917
23 years$27,197$21,233$16,399$12,547$9,524$3,324
24 years$25,787$19,894$15,167$11,444$8,560$2,823
25 years$24,492$18,670$14,047$10,451$7,703$2,399
26 years$23,299$17,546$13,028$9,556$6,938$2,040
27 years$22,196$16,513$12,098$8,747$6,256$1,735
28 years$21,173$15,560$11,246$8,014$5,644$1,476
29 years$20,223$14,679$10,466$7,349$5,097$1,256
30 years$19,338$13,863$9,748$6,745$4,605$1,069
31 years$18,511$13,105$9,088$6,194$4,164$910
32 years$17,738$12,400$8,479$5,693$3,766$775
33 years$17,013$11,743$7,917$5,235$3,408$660
34 years$16,332$11,130$7,397$4,817$3,086$563
35 years$15,692$10,557$6,916$4,434$2,795$479
36 years$15,088$10,020$6,470$4,084$2,533$408
37 years$14,519$9,516$6,056$3,762$2,295$348
38 years$13,980$9,044$5,671$3,468$2,081$297
39 years$13,471$8,600$5,313$3,198$1,887$253
40 years$12,988$8,182$4,980$2,949$1,712$215
41 years$12,530$7,789$4,670$2,721$1,553$184
42 years$12,095$7,418$4,380$2,511$1,409$156
43 years$11,681$7,068$4,110$2,318$1,279$133
44 years$11,287$6,737$3,858$2,140$1,161$114
45 years$10,912$6,424$3,623$1,977$1,054$97
46 years$10,554$6,128$3,403$1,826$957$83
47 years$10,213$5,848$3,197$1,687$869$70
48 years$9,886$5,583$3,004$1,559$789$60
49 years$9,574$5,332$2,823$1,441$717$51
50 years$9,275$5,093$2,654$1,332$651$44

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 $3,408 every year, while hoping to spend $44,188 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: 33/38/29 Blend
58$9,500,000$9,500,000$9,500,000$9,500,000
59$10,472,515$9,969,015$9,821,765$10,725,796
60$11,493,696$10,410,481$10,103,779$11,360,792
61$12,617,557$10,872,098$10,393,759$12,040,508
62$13,854,523$11,354,807$10,691,925$12,772,221
63$15,216,084$11,859,592$10,998,505$13,560,568
64$16,714,899$12,387,487$11,313,729$14,410,634
65$18,364,917$12,939,572$11,637,837$15,327,996
66$20,181,507$13,516,979$11,971,073$16,318,766
67$22,181,605$14,120,896$12,313,688$17,389,653
68$24,383,874$14,752,564$12,665,942$18,548,015
69$26,808,875$15,413,286$13,028,097$19,801,929
70$29,479,269$16,104,426$13,400,427$21,160,261
71$32,420,024$16,827,412$13,783,210$22,632,743
72$35,658,652$17,583,741$14,176,734$24,230,065
73$39,225,472$18,374,981$14,581,292$25,963,964
74$43,153,891$19,202,776$14,997,186$27,847,336
75$47,480,722$20,068,847$15,424,726$29,894,346
76$52,246,532$20,974,997$15,864,231$32,120,562
77$57,496,022$21,923,115$16,316,026$34,543,092
78$63,278,451$22,915,183$16,780,448$37,180,737
79$69,648,099$23,953,273$17,257,839$40,054,169
80$76,664,782$25,039,560$17,748,553$43,186,111
81$84,394,412$26,176,321$18,252,953$46,601,551
82$92,909,625$27,365,943$18,771,409$50,327,966
83$102,290,459$28,610,926$19,304,303$54,395,573
84$112,625,115$29,913,892$19,852,027$58,837,611
85$124,010,789$31,277,585$20,414,982$63,690,640
86$136,554,586$32,704,883$20,993,581$68,994,881
87$150,374,534$34,198,801$21,588,245$74,794,584
88$165,600,694$35,762,501$22,199,409$81,138,438
89$182,376,393$37,399,292$22,827,518$88,080,019
90$200,859,573$39,112,645$23,473,028$95,678,284
91$221,224,283$40,906,198$24,136,407$103,998,118
92$243,662,319$42,783,761$24,818,136$113,110,933
93$268,385,039$44,749,329$25,518,708$123,095,332
94$295,625,356$46,807,089$26,238,627$134,037,835
95$325,639,934$48,961,427$26,978,412$146,033,688
96$358,711,613$51,216,944$27,738,596$159,187,739
97$395,152,081$53,578,457$28,519,722$173,615,421
98$435,304,811$56,051,019$29,322,350$189,443,825
99$479,548,306$58,639,924$30,147,054$206,812,878
100$528,299,674$61,350,720$30,994,420$225,876,654