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%17.4%
1 years$792,759$785,698$778,808$772,084$765,517$742,500
2 years$392,455$385,146$378,062$371,194$364,532$341,536
3 years$259,038$251,697$244,631$237,828$231,274$209,021
4 years$192,342$185,024$178,029$171,341$164,947$143,607
5 years$152,335$145,061$138,158$131,607$125,390$105,021
6 years$125,673$118,453$111,652$105,247$99,217$79,837
7 years$106,636$99,477$92,783$86,529$80,690$62,298
8 years$92,364$85,270$78,688$72,587$66,940$49,526
9 years$81,270$74,243$67,774$61,828$56,373$39,917
10 years$72,400$65,441$59,087$53,297$48,033$32,512
11 years$65,147$58,259$52,019$46,384$41,310$26,698
12 years$59,108$52,290$46,165$40,685$35,798$22,065
13 years$54,001$47,255$41,246$35,919$31,217$18,331
14 years$49,628$42,953$37,060$31,885$27,364$15,292
15 years$45,842$39,239$33,460$28,435$24,094$12,801
16 years$42,532$36,001$30,336$25,461$21,294$10,746
17 years$39,614$33,155$27,605$22,876$18,881$9,042
18 years$37,024$30,637$25,200$20,616$16,788$7,623
19 years$34,708$28,394$23,069$18,629$14,963$6,437
20 years$32,627$26,385$21,172$16,872$13,366$5,443
21 years$30,747$24,577$19,474$15,312$11,961$4,607
22 years$29,040$22,941$17,948$13,922$10,721$3,904
23 years$27,483$21,457$16,572$12,679$9,624$3,310
24 years$26,059$20,104$15,326$11,564$8,650$2,809
25 years$24,750$18,866$14,195$10,561$7,784$2,385
26 years$23,544$17,731$13,165$9,657$7,011$2,026
27 years$22,430$16,687$12,225$8,839$6,321$1,722
28 years$21,396$15,724$11,365$8,098$5,704$1,464
29 years$20,436$14,834$10,576$7,426$5,150$1,245
30 years$19,541$14,009$9,851$6,816$4,654$1,059
31 years$18,706$13,243$9,184$6,260$4,207$901
32 years$17,925$12,531$8,569$5,753$3,806$766
33 years$17,192$11,867$8,001$5,290$3,444$652
34 years$16,504$11,247$7,475$4,867$3,118$555
35 years$15,857$10,668$6,989$4,481$2,825$473
36 years$15,247$10,125$6,538$4,127$2,559$402
37 years$14,671$9,617$6,119$3,802$2,319$343
38 years$14,127$9,139$5,731$3,504$2,103$292
39 years$13,613$8,690$5,369$3,231$1,907$248
40 years$13,125$8,268$5,032$2,980$1,730$211
41 years$12,662$7,871$4,719$2,750$1,569$180
42 years$12,222$7,496$4,426$2,538$1,424$153
43 years$11,804$7,142$4,153$2,343$1,292$131
44 years$11,406$6,808$3,899$2,163$1,173$111
45 years$11,027$6,492$3,661$1,998$1,065$95
46 years$10,665$6,193$3,438$1,845$967$81
47 years$10,320$5,910$3,230$1,705$878$69
48 years$9,990$5,642$3,036$1,575$797$59
49 years$9,675$5,388$2,853$1,456$724$50
50 years$9,373$5,146$2,682$1,346$658$42

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 $5,152 every year, while hoping to spend $21,295 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: 66/21/13 Blend
58$9,600,000$9,600,000$9,600,000$9,600,000
59$10,584,514$10,075,714$9,926,914$11,251,203
60$11,641,477$10,546,767$10,236,808$12,167,650
61$12,805,536$11,040,187$10,556,370$13,165,982
62$14,087,593$11,557,048$10,885,901$14,256,642
63$15,499,661$12,098,477$11,225,711$15,448,655
64$17,054,976$12,665,652$11,576,122$16,751,954
65$18,768,125$13,259,810$11,937,464$18,177,463
66$20,655,182$13,882,249$12,310,077$19,737,205
67$22,733,859$14,534,328$12,694,313$21,444,410
68$25,023,675$15,217,472$13,090,535$23,313,635
69$27,546,137$15,933,175$13,499,115$25,360,904
70$30,324,946$16,683,004$13,920,439$27,603,852
71$33,386,221$17,468,602$14,354,904$30,061,890
72$36,758,742$18,291,689$14,802,919$32,756,385
73$40,474,224$19,154,073$15,264,908$35,710,860
74$44,567,618$20,057,646$15,741,305$38,951,209
75$49,077,436$21,004,391$16,232,560$42,505,941
76$54,046,119$21,996,391$16,739,135$46,406,445
77$59,520,435$23,035,826$17,261,508$50,687,282
78$65,551,923$24,124,985$17,800,172$55,386,505
79$72,197,375$25,266,265$18,355,633$60,546,019
80$79,519,376$26,462,181$18,928,416$66,211,967
81$87,586,894$27,715,370$19,519,060$72,435,164
82$96,475,931$29,028,596$20,128,122$79,271,571
83$106,270,236$30,404,758$20,756,175$86,782,818
84$117,062,105$31,846,895$21,403,811$95,036,781
85$128,953,242$33,358,195$22,071,641$104,108,217
86$142,055,725$34,941,999$22,760,293$114,079,462
87$156,493,063$36,601,811$23,470,417$125,041,206
88$172,401,360$38,341,305$24,202,681$137,093,340
89$189,930,603$40,164,333$24,957,774$150,345,894
90$209,246,074$42,074,934$25,736,409$164,920,066
91$230,529,913$44,077,346$26,539,319$180,949,362
92$253,982,837$46,176,009$27,367,259$198,580,849
93$279,826,034$48,375,582$28,221,010$217,976,530
94$308,303,252$50,680,947$29,101,376$239,314,873
95$339,683,096$53,097,226$30,009,185$262,792,480
96$374,261,571$55,629,790$30,945,292$288,625,939
97$412,364,872$58,284,269$31,910,579$317,053,857
98$454,352,460$61,066,570$32,905,955$348,339,100
99$500,620,463$63,982,883$33,932,356$382,771,271
100$551,605,410$67,039,704$34,990,750$420,669,426