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%18.5%
1 years$801,017$793,882$786,921$780,126$773,492$746,939
2 years$396,543$389,158$382,000$375,061$368,329$341,849
3 years$261,736$254,319$247,180$240,305$233,683$208,106
4 years$194,346$186,951$179,883$173,126$166,665$142,187
5 years$153,922$146,572$139,597$132,978$126,696$103,381
6 years$126,982$119,687$112,815$106,343$100,250$78,118
7 years$107,746$100,513$93,750$87,431$81,530$60,576
8 years$93,326$86,158$79,507$73,343$67,637$47,845
9 years$82,117$75,016$68,480$62,472$56,960$38,305
10 years$73,154$66,123$59,702$53,852$48,533$30,984
11 years$65,826$58,866$52,561$46,867$41,740$25,262
12 years$59,723$52,835$46,646$41,109$36,171$20,727
13 years$54,564$47,747$41,675$36,293$31,542$17,091
14 years$50,145$43,401$37,446$32,217$27,649$14,149
15 years$46,319$39,647$33,808$28,732$24,345$11,753
16 years$42,975$36,376$30,652$25,726$21,516$9,788
17 years$40,027$33,501$27,892$23,115$19,078$8,169
18 years$37,409$30,956$25,462$20,831$16,963$6,831
19 years$35,070$28,690$23,309$18,823$15,119$5,720
20 years$32,967$26,660$21,392$17,047$13,505$4,796
21 years$31,067$24,833$19,677$15,472$12,085$4,026
22 years$29,342$23,180$18,135$14,067$10,833$3,382
23 years$27,770$21,680$16,744$12,811$9,724$2,843
24 years$26,330$20,313$15,486$11,685$8,740$2,391
25 years$25,008$19,063$14,343$10,671$7,865$2,013
26 years$23,790$17,916$13,302$9,757$7,084$1,695
27 years$22,663$16,861$12,352$8,931$6,387$1,427
28 years$21,619$15,888$11,483$8,183$5,763$1,203
29 years$20,649$14,988$10,686$7,504$5,204$1,013
30 years$19,745$14,155$9,954$6,887$4,702$854
31 years$18,901$13,381$9,280$6,325$4,251$720
32 years$18,111$12,661$8,658$5,813$3,846$607
33 years$17,371$11,990$8,084$5,345$3,480$512
34 years$16,676$11,364$7,553$4,918$3,151$432
35 years$16,022$10,779$7,062$4,527$2,854$364
36 years$15,406$10,231$6,606$4,170$2,586$307
37 years$14,824$9,717$6,183$3,842$2,344$259
38 years$14,275$9,234$5,790$3,541$2,125$219
39 years$13,754$8,781$5,425$3,265$1,927$185
40 years$13,261$8,354$5,085$3,011$1,748$156
41 years$12,794$7,953$4,768$2,778$1,586$131
42 years$12,350$7,574$4,472$2,564$1,439$111
43 years$11,927$7,216$4,197$2,367$1,306$94
44 years$11,525$6,879$3,939$2,186$1,185$79
45 years$11,142$6,559$3,699$2,018$1,076$67
46 years$10,776$6,257$3,474$1,864$977$56
47 years$10,428$5,971$3,264$1,723$887$47
48 years$10,094$5,701$3,067$1,592$806$40
49 years$9,776$5,444$2,883$1,471$732$34
50 years$9,471$5,200$2,710$1,360$665$28

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 $3,685 every year, while hoping to spend $52,538 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: 62/28/10 Blend
58$9,700,000$9,700,000$9,700,000$9,700,000
59$10,693,201$10,179,101$10,028,751$11,331,994
60$11,728,008$10,621,977$10,308,814$12,202,836
61$12,866,603$11,084,793$10,596,499$13,146,582
62$14,119,520$11,568,471$10,892,004$14,175,377
63$15,498,360$12,073,975$11,195,536$15,297,453
64$17,015,910$12,602,317$11,507,303$16,521,864
65$18,686,256$13,154,553$11,827,521$17,858,569
66$20,524,921$13,731,794$12,156,410$19,318,522
67$22,549,009$14,335,198$12,494,196$20,913,772
68$24,777,366$14,965,980$12,841,109$22,657,578
69$27,230,759$15,625,415$13,197,388$24,564,526
70$29,932,070$16,314,834$13,563,274$26,650,667
71$32,906,514$17,035,634$13,939,017$28,933,665
72$36,181,874$17,789,276$14,324,870$31,432,959
73$39,788,767$18,577,291$14,721,094$34,169,943
74$43,760,927$19,401,285$15,127,957$37,168,165
75$48,135,529$20,262,935$15,545,731$40,453,548
76$52,953,537$21,164,003$15,974,696$44,054,624
77$58,260,089$22,106,330$16,415,140$48,002,805
78$64,104,926$23,091,849$16,867,356$52,332,674
79$70,542,859$24,122,580$17,331,643$57,082,305
80$77,634,288$25,200,643$17,808,310$62,293,620
81$85,445,767$26,328,257$18,297,670$68,012,777
82$94,050,641$27,507,747$18,800,047$74,290,602
83$103,529,727$28,741,548$19,315,770$81,183,065
84$113,972,088$30,032,212$19,845,177$88,751,800
85$125,475,862$31,382,411$20,388,611$97,064,680
86$138,149,197$32,794,947$20,946,427$106,196,458
87$152,111,269$34,272,753$21,518,987$116,229,456
88$167,493,405$35,818,904$22,106,659$127,254,344
89$184,440,322$37,436,620$22,709,821$139,370,985
90$203,111,495$39,129,275$23,328,861$152,689,370
91$223,682,664$40,900,406$23,964,174$167,330,650
92$246,347,487$42,753,717$24,616,165$183,428,271
93$271,319,371$44,693,090$25,285,247$201,129,225
94$298,833,487$46,722,591$25,971,843$220,595,428
95$329,148,989$48,846,484$26,676,386$242,005,242
96$362,551,458$51,069,234$27,399,317$265,555,144
97$399,355,601$53,395,521$28,141,088$291,461,578
98$439,908,219$55,830,248$28,902,162$319,962,979
99$484,591,482$58,378,555$29,683,009$351,322,021
100$533,826,536$61,045,827$30,484,112$385,828,078