Can I retire at age 59 with 9,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$817,533$810,251$803,146$796,211$789,440$773,185
2 years$404,719$397,182$389,877$382,794$375,924$359,621
3 years$267,133$259,563$252,276$245,260$238,501$222,659
4 years$198,353$190,806$183,592$176,696$170,101$154,842
5 years$157,096$149,594$142,475$135,719$129,308$114,675
6 years$129,600$122,155$115,141$108,536$102,317$88,326
7 years$109,968$102,586$95,683$89,233$83,211$69,865
8 years$95,251$87,935$81,147$74,856$69,032$56,327
9 years$83,810$76,563$69,892$63,760$58,135$46,062
10 years$74,662$67,487$60,933$54,962$49,534$38,081
11 years$67,183$60,079$53,644$47,833$42,601$31,754
12 years$60,955$53,924$47,608$41,956$36,917$26,660
13 years$55,689$48,731$42,535$37,041$32,192$22,508
14 years$51,179$44,296$38,218$32,881$28,219$19,089
15 years$47,274$40,465$34,505$29,324$24,847$16,250
16 years$43,861$37,126$31,284$26,257$21,960$13,877
17 years$40,852$34,191$28,467$23,591$19,471$11,881
18 years$38,180$31,594$25,987$21,261$17,313$10,195
19 years$35,793$29,281$23,790$19,211$15,431$8,765
20 years$33,647$27,210$21,833$17,399$13,783$7,547
21 years$31,708$25,345$20,082$15,791$12,335$6,508
22 years$29,947$23,658$18,509$14,357$11,056$5,618
23 years$28,342$22,127$17,090$13,076$9,925$4,854
24 years$26,873$20,732$15,805$11,926$8,920$4,198
25 years$25,524$19,456$14,639$10,891$8,027$3,634
26 years$24,280$18,285$13,577$9,958$7,231$3,147
27 years$23,131$17,209$12,607$9,115$6,519$2,727
28 years$22,065$16,216$11,720$8,351$5,882$2,364
29 years$21,075$15,297$10,906$7,658$5,311$2,050
30 years$20,152$14,447$10,159$7,029$4,799$1,778
31 years$19,291$13,657$9,471$6,455$4,339$1,543
32 years$18,485$12,922$8,836$5,932$3,925$1,340
33 years$17,729$12,238$8,251$5,455$3,552$1,163
34 years$17,020$11,599$7,709$5,019$3,216$1,010
35 years$16,352$11,001$7,207$4,621$2,913$877
36 years$15,723$10,442$6,742$4,255$2,639$762
37 years$15,130$9,917$6,311$3,921$2,392$662
38 years$14,569$9,425$5,910$3,614$2,169$575
39 years$14,038$8,962$5,537$3,332$1,966$500
40 years$13,535$8,527$5,190$3,074$1,784$435
41 years$13,058$8,117$4,866$2,836$1,618$378
42 years$12,604$7,730$4,565$2,617$1,468$328
43 years$12,173$7,365$4,283$2,416$1,333$285
44 years$11,763$7,020$4,021$2,231$1,210$248
45 years$11,372$6,695$3,775$2,060$1,098$216
46 years$10,999$6,386$3,546$1,903$997$187
47 years$10,643$6,095$3,331$1,758$905$163
48 years$10,302$5,818$3,130$1,624$822$142
49 years$9,977$5,556$2,942$1,501$747$123
50 years$9,666$5,307$2,766$1,388$678$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,900,000, adding $5,278 every year, while hoping to spend $29,918 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: 62/25/13 Blend
58$9,900,000$9,900,000$9,900,000$9,900,000
59$10,915,244$10,390,544$10,237,094$11,557,622
60$11,996,767$10,867,848$10,548,204$12,466,510
61$13,187,602$11,367,538$10,868,734$13,454,324
62$14,498,867$11,890,678$11,198,967$14,531,878
63$15,942,815$12,438,384$11,539,196$15,707,874
64$17,532,946$13,011,828$11,889,722$16,991,883
65$19,284,134$13,612,236$12,250,856$18,394,432
66$21,212,773$14,240,892$12,622,916$19,927,102
67$23,336,925$14,899,145$13,006,233$21,602,632
68$25,676,494$15,588,406$13,401,145$23,435,036
69$28,253,415$16,310,157$13,808,002$25,439,736
70$31,091,856$17,065,947$14,227,163$27,633,700
71$34,218,450$17,857,404$14,658,998$30,035,603
72$37,662,547$18,686,231$15,103,889$32,665,994
73$41,456,487$19,554,217$15,562,230$35,547,491
74$45,635,908$20,463,233$16,034,424$38,704,989
75$50,240,083$21,415,243$16,520,888$42,165,893
76$55,312,286$22,412,304$17,022,053$45,960,366
77$60,900,207$23,456,575$17,538,360$50,121,617
78$67,056,397$24,550,316$18,070,264$54,686,205
79$73,838,766$25,695,898$18,618,234$59,694,382
80$81,311,129$26,895,806$19,182,754$65,190,466
81$89,543,809$28,152,645$19,764,321$71,223,253
82$98,614,298$29,469,146$20,363,446$77,846,476
83$108,607,994$30,848,172$20,980,659$85,119,302
84$119,619,001$32,292,723$21,616,503$93,106,888
85$131,751,019$33,805,947$22,271,536$101,880,987
86$145,118,326$35,391,141$22,946,335$111,520,619
87$159,846,852$37,051,765$23,641,495$122,112,814
88$176,075,372$38,791,442$24,357,625$133,753,418
89$193,956,811$40,613,973$25,095,357$146,548,000
90$213,659,692$42,523,344$25,855,337$160,612,833
91$235,369,724$44,523,732$26,638,235$176,075,986
92$259,291,557$46,619,516$27,444,737$193,078,526
93$285,650,711$48,815,288$28,275,551$211,775,836
94$314,695,710$51,115,862$29,131,408$232,339,078
95$346,700,419$53,526,287$30,013,057$254,956,793
96$381,966,640$56,051,853$30,921,273$279,836,676
97$420,826,953$58,698,110$31,856,851$307,207,521
98$463,647,859$61,470,874$32,820,613$337,321,373
99$510,833,239$64,376,245$33,813,401$370,455,892
100$562,828,167$67,420,618$34,836,088$406,916,964