Can I retire at age 59 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$809,275$802,066$795,033$788,169$781,466$755,242
2 years$400,631$393,170$385,938$378,927$372,127$345,965
3 years$264,434$256,941$249,728$242,782$236,092$210,815
4 years$196,349$188,879$181,738$174,911$168,383$144,183
5 years$155,509$148,083$141,036$134,348$128,002$104,943
6 years$128,291$120,921$113,978$107,440$101,284$79,385
7 years$108,857$101,549$94,716$88,332$82,371$61,629
8 years$94,288$87,047$80,327$74,099$68,335$48,734
9 years$82,963$75,790$69,186$63,116$57,548$39,064
10 years$73,908$66,805$60,318$54,407$49,033$31,638
11 years$66,505$59,472$53,103$47,350$42,170$25,829
12 years$60,339$53,379$47,127$41,533$36,544$21,220
13 years$55,126$48,239$42,105$36,667$31,867$17,522
14 years$50,662$43,848$37,832$32,549$27,934$14,526
15 years$46,797$40,056$34,157$29,028$24,596$12,083
16 years$43,418$36,751$30,968$25,991$21,738$10,077
17 years$40,439$33,846$28,180$23,353$19,274$8,423
18 years$37,795$31,275$25,725$21,046$17,138$7,054
19 years$35,431$28,986$23,550$19,017$15,275$5,916
20 years$33,307$26,935$21,613$17,223$13,644$4,968
21 years$31,388$25,089$19,879$15,631$12,210$4,176
22 years$29,645$23,419$18,322$14,212$10,944$3,514
23 years$28,056$21,904$16,917$12,943$9,824$2,959
24 years$26,602$20,522$15,645$11,805$8,830$2,493
25 years$25,266$19,259$14,491$10,781$7,946$2,101
26 years$24,035$18,101$13,440$9,858$7,157$1,772
27 years$22,897$17,035$12,480$9,023$6,453$1,495
28 years$21,842$16,052$11,602$8,267$5,823$1,262
29 years$20,862$15,143$10,796$7,581$5,258$1,065
30 years$19,949$14,301$10,056$6,958$4,751$899
31 years$19,096$13,519$9,375$6,390$4,295$759
32 years$18,298$12,792$8,747$5,872$3,885$641
33 years$17,550$12,114$8,167$5,400$3,516$542
34 years$16,848$11,481$7,631$4,969$3,183$458
35 years$16,187$10,890$7,135$4,574$2,883$387
36 years$15,565$10,336$6,674$4,213$2,612$327
37 years$14,977$9,817$6,247$3,881$2,368$276
38 years$14,422$9,330$5,850$3,577$2,147$233
39 years$13,896$8,872$5,481$3,299$1,947$197
40 years$13,398$8,441$5,137$3,042$1,766$167
41 years$12,926$8,035$4,817$2,807$1,602$141
42 years$12,477$7,652$4,519$2,591$1,454$119
43 years$12,050$7,291$4,240$2,391$1,319$101
44 years$11,644$6,950$3,980$2,208$1,197$85
45 years$11,257$6,627$3,737$2,039$1,087$72
46 years$10,888$6,322$3,510$1,884$987$61
47 years$10,535$6,033$3,298$1,740$896$51
48 years$10,198$5,759$3,099$1,608$814$43
49 years$9,876$5,500$2,913$1,486$739$37
50 years$9,568$5,254$2,738$1,374$671$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,800,000, adding $4,080 every year, while hoping to spend $21,049 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: 69/12/19 Blend
58$9,800,000$9,800,000$9,800,000$9,800,000
59$10,803,809$10,284,409$10,132,509$11,498,924
60$11,883,401$10,765,949$10,449,552$12,444,895
61$13,072,406$11,270,379$10,776,510$13,476,750
62$14,381,963$11,798,798$11,113,694$14,605,299
63$15,824,343$12,352,359$11,461,423$15,840,082
64$17,413,072$12,932,271$11,820,027$17,191,601
65$19,163,053$13,539,800$12,189,845$18,671,412
66$21,090,708$14,176,273$12,571,228$20,292,240
67$23,214,134$14,843,084$12,964,538$22,068,091
68$25,553,273$15,541,693$13,370,147$24,014,386
69$28,130,100$16,273,629$13,788,440$26,148,103
70$30,968,830$17,040,497$14,219,814$28,487,934
71$34,096,149$17,843,980$14,664,676$31,054,462
72$37,541,463$18,685,841$15,123,449$33,870,352
73$41,337,175$19,567,930$15,596,567$36,960,561
74$45,518,993$20,492,185$16,084,479$40,352,574
75$50,126,268$21,460,640$16,587,647$44,076,657
76$55,202,362$22,475,426$17,106,547$48,166,145
77$60,795,059$23,538,778$17,641,672$52,657,750
78$66,957,015$24,653,038$18,193,529$57,591,906
79$73,746,258$25,820,664$18,762,639$63,013,147
80$81,226,732$27,044,233$19,349,543$68,970,525
81$89,468,903$28,326,444$19,954,797$75,518,070
82$98,550,422$29,670,131$20,578,974$82,715,297
83$108,556,860$31,078,262$21,222,665$90,627,762
84$119,582,515$32,553,953$21,886,479$99,327,679
85$131,731,302$34,100,467$22,571,047$108,894,596
86$145,117,734$35,721,228$23,277,015$119,416,146
87$159,868,001$37,419,827$24,005,054$130,988,866
88$176,121,166$39,200,027$24,755,852$143,719,104
89$194,030,472$41,065,776$25,530,120$157,724,021
90$213,764,794$43,021,212$26,328,593$173,132,690
91$235,510,227$45,070,676$27,152,025$190,087,310
92$259,471,850$47,218,718$28,001,197$208,744,545
93$285,875,655$49,470,112$28,876,913$229,276,992
94$314,970,684$51,829,860$29,780,003$251,874,814
95$347,031,382$54,303,211$30,711,321$276,747,518
96$382,360,182$56,895,668$31,671,749$304,125,936
97$421,290,365$59,613,000$32,662,197$334,264,394
98$464,189,204$62,461,258$33,683,602$367,443,104
99$511,461,432$65,446,790$34,736,933$403,970,806
100$563,553,063$68,576,247$35,823,184$444,187,673