Can I retire at age 59 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$792,759$785,698$778,808$772,084$765,517$736,017
2 years$392,455$385,146$378,062$371,194$364,532$335,162
3 years$259,038$251,697$244,631$237,828$231,274$202,960
4 years$192,342$185,024$178,029$171,341$164,947$137,903
5 years$152,335$145,061$138,158$131,607$125,390$99,687
6 years$125,673$118,453$111,652$105,247$99,217$74,871
7 years$106,636$99,477$92,783$86,529$80,690$57,694
8 years$92,364$85,270$78,688$72,587$66,940$45,272
9 years$81,270$74,243$67,774$61,828$56,373$36,002
10 years$72,400$65,441$59,087$53,297$48,033$28,919
11 years$65,147$58,259$52,019$46,384$41,310$23,411
12 years$59,108$52,290$46,165$40,685$35,798$19,067
13 years$54,001$47,255$41,246$35,919$31,217$15,604
14 years$49,628$42,953$37,060$31,885$27,364$12,820
15 years$45,842$39,239$33,460$28,435$24,094$10,565
16 years$42,532$36,001$30,336$25,461$21,294$8,729
17 years$39,614$33,155$27,605$22,876$18,881$7,227
18 years$37,024$30,637$25,200$20,616$16,788$5,993
19 years$34,708$28,394$23,069$18,629$14,963$4,977
20 years$32,627$26,385$21,172$16,872$13,366$4,138
21 years$30,747$24,577$19,474$15,312$11,961$3,444
22 years$29,040$22,941$17,948$13,922$10,721$2,868
23 years$27,483$21,457$16,572$12,679$9,624$2,390
24 years$26,059$20,104$15,326$11,564$8,650$1,993
25 years$24,750$18,866$14,195$10,561$7,784$1,663
26 years$23,544$17,731$13,165$9,657$7,011$1,388
27 years$22,430$16,687$12,225$8,839$6,321$1,158
28 years$21,396$15,724$11,365$8,098$5,704$967
29 years$20,436$14,834$10,576$7,426$5,150$808
30 years$19,541$14,009$9,851$6,816$4,654$675
31 years$18,706$13,243$9,184$6,260$4,207$564
32 years$17,925$12,531$8,569$5,753$3,806$471
33 years$17,192$11,867$8,001$5,290$3,444$394
34 years$16,504$11,247$7,475$4,867$3,118$329
35 years$15,857$10,668$6,989$4,481$2,825$275
36 years$15,247$10,125$6,538$4,127$2,559$230
37 years$14,671$9,617$6,119$3,802$2,319$192
38 years$14,127$9,139$5,731$3,504$2,103$161
39 years$13,613$8,690$5,369$3,231$1,907$134
40 years$13,125$8,268$5,032$2,980$1,730$112
41 years$12,662$7,871$4,719$2,750$1,569$94
42 years$12,222$7,496$4,426$2,538$1,424$78
43 years$11,804$7,142$4,153$2,343$1,292$66
44 years$11,406$6,808$3,899$2,163$1,173$55
45 years$11,027$6,492$3,661$1,998$1,065$46
46 years$10,665$6,193$3,438$1,845$967$38
47 years$10,320$5,910$3,230$1,705$878$32
48 years$9,990$5,642$3,036$1,575$797$27
49 years$9,675$5,388$2,853$1,456$724$22
50 years$9,373$5,146$2,682$1,346$658$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,600,000, adding $4,493 every year, while hoping to spend $51,436 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: 59/25/16 Blend
58$9,600,000$9,600,000$9,600,000$9,600,000
59$10,583,835$10,075,035$9,926,235$11,164,617
60$11,608,658$10,513,984$10,204,036$11,996,606
61$12,736,290$10,972,717$10,489,420$12,897,398
62$13,977,162$11,452,151$10,782,586$13,878,536
63$15,342,768$11,953,243$11,083,738$14,947,778
64$16,845,775$12,476,996$11,393,088$16,113,659
65$18,500,136$13,024,461$11,710,849$17,385,561
66$20,321,230$13,596,739$12,037,241$18,773,808
67$22,325,998$14,194,982$12,372,492$20,289,756
68$24,533,111$14,820,397$12,716,831$21,945,899
69$26,963,140$15,474,248$13,070,497$23,755,981
70$29,638,753$16,157,859$13,433,731$25,735,130
71$32,584,927$16,872,616$13,806,783$27,899,989
72$35,829,187$17,619,971$14,189,907$30,268,878
73$39,401,860$18,401,446$14,583,365$32,861,957
74$43,336,366$19,218,632$14,987,424$35,701,417
75$47,669,530$20,073,200$15,402,357$38,811,684
76$52,441,931$20,966,897$15,828,446$42,219,648
77$57,698,286$21,901,552$16,265,977$45,954,909
78$63,487,869$22,879,086$16,715,244$50,050,056
79$69,864,976$23,901,506$17,176,550$54,540,969
80$76,889,441$24,970,916$17,650,201$59,467,153
81$84,627,195$26,089,523$18,136,514$64,872,106
82$93,150,894$27,259,634$18,635,812$70,803,728
83$102,540,599$28,483,670$19,148,426$77,314,761
84$112,884,536$29,764,166$19,674,694$84,463,290
85$124,279,926$31,103,778$20,214,964$92,313,278
86$136,833,903$32,505,287$20,769,589$100,935,173
87$150,664,523$33,971,608$21,338,933$110,406,556
88$165,901,885$35,505,797$21,923,367$120,812,876
89$182,689,349$37,111,053$22,523,272$132,248,248
90$201,184,897$38,790,729$23,139,036$144,816,330
91$221,562,619$40,548,337$23,771,056$158,631,302
92$244,014,360$42,387,560$24,419,741$173,818,928
93$268,751,528$44,312,254$25,085,506$190,517,744
94$296,007,090$46,326,461$25,768,776$208,880,349
95$326,037,771$48,434,415$26,469,988$229,074,846
96$359,126,477$50,640,554$27,189,585$251,286,410
97$395,584,966$52,949,529$27,928,025$275,719,037
98$435,756,789$55,366,213$28,685,770$302,597,452
99$480,020,537$57,895,713$29,463,299$332,169,225
100$528,793,408$60,543,380$30,261,096$364,707,094