Can I retire at age 59 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$801,017$793,882$786,921$780,126$773,492$751,140
2 years$396,543$389,158$382,000$375,061$368,329$345,988
3 years$261,736$254,319$247,180$240,305$233,683$212,052
4 years$194,346$186,951$179,883$173,126$166,665$145,910
5 years$153,922$146,572$139,597$132,978$126,696$106,874
6 years$126,982$119,687$112,815$106,343$100,250$81,379
7 years$107,746$100,513$93,750$87,431$81,530$63,610
8 years$93,326$86,158$79,507$73,343$67,637$50,658
9 years$82,117$75,016$68,480$62,472$56,960$40,905
10 years$73,154$66,123$59,702$53,852$48,533$33,379
11 years$65,826$58,866$52,561$46,867$41,740$27,463
12 years$59,723$52,835$46,646$41,109$36,171$22,742
13 years$54,564$47,747$41,675$36,293$31,542$18,932
14 years$50,145$43,401$37,446$32,217$27,649$15,826
15 years$46,319$39,647$33,808$28,732$24,345$13,276
16 years$42,975$36,376$30,652$25,726$21,516$11,169
17 years$40,027$33,501$27,892$23,115$19,078$9,419
18 years$37,409$30,956$25,462$20,831$16,963$7,958
19 years$35,070$28,690$23,309$18,823$15,119$6,735
20 years$32,967$26,660$21,392$17,047$13,505$5,708
21 years$31,067$24,833$19,677$15,472$12,085$4,843
22 years$29,342$23,180$18,135$14,067$10,833$4,113
23 years$27,770$21,680$16,744$12,811$9,724$3,496
24 years$26,330$20,313$15,486$11,685$8,740$2,974
25 years$25,008$19,063$14,343$10,671$7,865$2,531
26 years$23,790$17,916$13,302$9,757$7,084$2,155
27 years$22,663$16,861$12,352$8,931$6,387$1,836
28 years$21,619$15,888$11,483$8,183$5,763$1,565
29 years$20,649$14,988$10,686$7,504$5,204$1,334
30 years$19,745$14,155$9,954$6,887$4,702$1,137
31 years$18,901$13,381$9,280$6,325$4,251$970
32 years$18,111$12,661$8,658$5,813$3,846$827
33 years$17,371$11,990$8,084$5,345$3,480$706
34 years$16,676$11,364$7,553$4,918$3,151$602
35 years$16,022$10,779$7,062$4,527$2,854$514
36 years$15,406$10,231$6,606$4,170$2,586$439
37 years$14,824$9,717$6,183$3,842$2,344$374
38 years$14,275$9,234$5,790$3,541$2,125$320
39 years$13,754$8,781$5,425$3,265$1,927$273
40 years$13,261$8,354$5,085$3,011$1,748$233
41 years$12,794$7,953$4,768$2,778$1,586$199
42 years$12,350$7,574$4,472$2,564$1,439$170
43 years$11,927$7,216$4,197$2,367$1,306$145
44 years$11,525$6,879$3,939$2,186$1,185$124
45 years$11,142$6,559$3,699$2,018$1,076$106
46 years$10,776$6,257$3,474$1,864$977$90
47 years$10,428$5,971$3,264$1,723$887$77
48 years$10,094$5,701$3,067$1,592$806$66
49 years$9,776$5,444$2,883$1,471$732$56
50 years$9,471$5,200$2,710$1,360$665$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,700,000, adding $2,653 every year, while hoping to spend $57,374 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: 83/5/12 Blend
58$9,700,000$9,700,000$9,700,000$9,700,000
59$10,692,137$10,178,037$10,027,687$11,556,892
60$11,721,689$10,615,715$10,302,569$12,561,442
61$12,854,333$11,072,916$10,584,736$13,656,576
62$14,100,523$11,550,537$10,874,373$14,857,569
63$15,471,778$12,049,516$11,171,667$16,175,029
64$16,980,791$12,570,834$11,476,809$17,620,643
65$18,641,547$13,115,519$11,789,997$19,207,278
66$20,469,454$13,684,649$12,111,431$20,949,111
67$22,481,491$14,279,350$12,441,317$22,861,757
68$24,696,367$14,900,802$12,779,865$24,962,415
69$27,134,696$15,550,241$13,127,290$27,270,032
70$29,819,192$16,228,960$13,483,811$29,805,480
71$32,774,885$16,938,314$13,849,654$32,591,750
72$36,029,354$17,679,722$14,225,048$35,654,172
73$39,612,988$18,454,669$14,610,228$39,020,649
74$43,559,276$19,264,710$15,005,433$42,721,923
75$47,905,116$20,111,475$15,410,909$46,791,860
76$52,691,170$20,996,670$15,826,907$51,267,772
77$57,962,244$21,922,080$16,253,682$56,190,766
78$63,767,708$22,889,578$16,691,496$61,606,132
79$70,161,970$23,901,123$17,140,617$67,563,769
80$77,204,980$24,958,767$17,601,316$74,118,654
81$84,962,801$26,064,660$18,073,874$81,331,359
82$93,508,232$27,221,053$18,558,574$89,268,624
83$102,921,492$28,430,305$19,055,707$98,003,983
84$113,290,981$29,694,887$19,565,569$107,618,458
85$124,714,110$31,017,385$20,088,464$118,201,320
86$137,298,222$32,400,510$20,624,701$129,850,934
87$151,161,607$33,847,101$21,174,595$142,675,681
88$166,434,614$35,360,133$21,738,468$156,794,985
89$183,260,886$36,942,721$22,316,648$172,340,434
90$201,798,711$38,598,128$22,909,470$189,457,019
91$222,222,518$40,329,775$23,517,276$208,304,508
92$244,724,525$42,141,244$24,140,414$229,058,944
93$269,516,548$44,036,286$24,779,239$251,914,311
94$296,832,006$46,018,835$25,434,114$277,084,358
95$326,928,121$48,093,008$26,105,407$304,804,618
96$360,088,347$50,263,123$26,793,496$335,334,628
97$396,625,042$52,533,700$27,498,762$368,960,376
98$436,882,422$54,909,477$28,221,597$405,996,999
99$481,239,807$57,395,419$28,962,397$446,791,755
100$530,115,199$59,996,726$29,721,569$491,727,300