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%19.1%
1 years$792,759$785,698$778,808$772,084$765,517$737,477
2 years$392,455$385,146$378,062$371,194$364,532$336,594
3 years$259,038$251,697$244,631$237,828$231,274$204,317
4 years$192,342$185,024$178,029$171,341$164,947$139,176
5 years$152,335$145,061$138,158$131,607$125,390$100,872
6 years$125,673$118,453$111,652$105,247$99,217$75,971
7 years$106,636$99,477$92,783$86,529$80,690$58,709
8 years$92,364$85,270$78,688$72,587$66,940$46,206
9 years$81,270$74,243$67,774$61,828$56,373$36,857
10 years$72,400$65,441$59,087$53,297$48,033$29,700
11 years$65,147$58,259$52,019$46,384$41,310$24,121
12 years$59,108$52,290$46,165$40,685$35,798$19,712
13 years$54,001$47,255$41,246$35,919$31,217$16,187
14 years$49,628$42,953$37,060$31,885$27,364$13,345
15 years$45,842$39,239$33,460$28,435$24,094$11,037
16 years$42,532$36,001$30,336$25,461$21,294$9,152
17 years$39,614$33,155$27,605$22,876$18,881$7,605
18 years$37,024$30,637$25,200$20,616$16,788$6,331
19 years$34,708$28,394$23,069$18,629$14,963$5,278
20 years$32,627$26,385$21,172$16,872$13,366$4,405
21 years$30,747$24,577$19,474$15,312$11,961$3,680
22 years$29,040$22,941$17,948$13,922$10,721$3,077
23 years$27,483$21,457$16,572$12,679$9,624$2,574
24 years$26,059$20,104$15,326$11,564$8,650$2,155
25 years$24,750$18,866$14,195$10,561$7,784$1,805
26 years$23,544$17,731$13,165$9,657$7,011$1,513
27 years$22,430$16,687$12,225$8,839$6,321$1,268
28 years$21,396$15,724$11,365$8,098$5,704$1,063
29 years$20,436$14,834$10,576$7,426$5,150$891
30 years$19,541$14,009$9,851$6,816$4,654$748
31 years$18,706$13,243$9,184$6,260$4,207$627
32 years$17,925$12,531$8,569$5,753$3,806$526
33 years$17,192$11,867$8,001$5,290$3,444$442
34 years$16,504$11,247$7,475$4,867$3,118$371
35 years$15,857$10,668$6,989$4,481$2,825$311
36 years$15,247$10,125$6,538$4,127$2,559$261
37 years$14,671$9,617$6,119$3,802$2,319$219
38 years$14,127$9,139$5,731$3,504$2,103$184
39 years$13,613$8,690$5,369$3,231$1,907$154
40 years$13,125$8,268$5,032$2,980$1,730$130
41 years$12,662$7,871$4,719$2,750$1,569$109
42 years$12,222$7,496$4,426$2,538$1,424$91
43 years$11,804$7,142$4,153$2,343$1,292$77
44 years$11,406$6,808$3,899$2,163$1,173$64
45 years$11,027$6,492$3,661$1,998$1,065$54
46 years$10,665$6,193$3,438$1,845$967$45
47 years$10,320$5,910$3,230$1,705$878$38
48 years$9,990$5,642$3,036$1,575$797$32
49 years$9,675$5,388$2,853$1,456$724$27
50 years$9,373$5,146$2,682$1,346$658$23

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 $3,831 every year, while hoping to spend $57,993 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: 65/7/28 Blend
58$9,600,000$9,600,000$9,600,000$9,600,000
59$10,583,152$10,074,352$9,925,552$11,192,415
60$11,600,929$10,506,291$10,196,354$12,036,725
61$12,720,576$10,957,451$10,474,284$12,952,438
62$13,952,422$11,428,714$10,759,519$13,952,114
63$15,307,848$11,921,000$11,052,243$15,044,026
64$16,799,395$12,435,275$11,352,639$16,237,282
65$18,440,879$12,972,549$11,660,898$17,541,907
66$20,247,525$13,533,880$11,977,214$18,968,941
67$22,236,107$14,120,375$12,301,785$20,530,538
68$24,425,109$14,733,193$12,634,815$22,240,083
69$26,834,899$15,373,548$12,976,510$24,112,314
70$29,487,918$16,042,711$13,327,082$26,163,460
71$32,408,895$16,742,013$13,686,748$28,411,395
72$35,625,077$17,472,846$14,055,729$30,875,803
73$39,166,490$18,236,671$14,434,251$33,578,364
74$43,066,218$19,035,014$14,822,544$36,542,956
75$47,360,717$19,869,475$15,220,845$39,795,878
76$52,090,161$20,741,730$15,629,394$43,366,099
77$57,298,815$21,653,532$16,048,437$47,285,527
78$63,035,459$22,606,720$16,478,224$51,589,310
79$69,353,844$23,603,218$16,919,013$56,316,166
80$76,313,201$24,645,039$17,371,064$61,508,746
81$83,978,797$25,734,296$17,834,645$67,214,034
82$92,422,557$26,873,199$18,310,027$73,483,790
83$101,723,734$28,064,062$18,797,490$80,375,034
84$111,969,665$29,309,312$19,297,316$87,950,586
85$123,256,589$30,611,486$19,809,794$96,279,654
86$135,690,559$31,973,247$20,335,220$105,438,482
87$149,388,441$33,397,381$20,873,895$115,511,075
88$164,479,016$34,886,807$21,426,125$126,589,982
89$181,104,198$36,444,583$21,992,222$138,777,171
90$199,420,371$38,073,912$22,572,506$152,184,988
91$219,599,865$39,778,150$23,167,301$166,937,213
92$241,832,583$41,560,811$23,776,938$183,170,230
93$266,327,796$43,425,580$24,401,754$201,034,304
94$293,316,111$45,376,313$25,042,093$220,695,006
95$323,051,655$47,417,053$25,698,304$242,334,763
96$355,814,469$49,552,034$26,370,742$266,154,584
97$391,913,154$51,785,693$27,059,772$292,375,951
98$431,687,782$54,122,678$27,765,760$321,242,905
99$475,513,105$56,567,859$28,489,083$353,024,348
100$523,802,096$59,126,339$29,230,121$388,016,579