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

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$817,533$810,251$803,146$796,211$789,440$767,865
2 years$404,719$397,182$389,877$382,794$375,924$354,345
3 years$267,133$259,563$252,276$245,260$238,501$217,594
4 years$198,353$190,806$183,592$176,696$170,101$150,026
5 years$157,096$149,594$142,475$135,719$129,308$110,120
6 years$129,600$122,155$115,141$108,536$102,317$84,035
7 years$109,968$102,586$95,683$89,233$83,211$65,835
8 years$95,251$87,935$81,147$74,856$69,032$52,553
9 years$83,810$76,563$69,892$63,760$58,135$42,538
10 years$74,662$67,487$60,933$54,962$49,534$34,799
11 years$67,183$60,079$53,644$47,833$42,601$28,704
12 years$60,955$53,924$47,608$41,956$36,917$23,833
13 years$55,689$48,731$42,535$37,041$32,192$19,894
14 years$51,179$44,296$38,218$32,881$28,219$16,677
15 years$47,274$40,465$34,505$29,324$24,847$14,029
16 years$43,861$37,126$31,284$26,257$21,960$11,836
17 years$40,852$34,191$28,467$23,591$19,471$10,010
18 years$38,180$31,594$25,987$21,261$17,313$8,483
19 years$35,793$29,281$23,790$19,211$15,431$7,201
20 years$33,647$27,210$21,833$17,399$13,783$6,121
21 years$31,708$25,345$20,082$15,791$12,335$5,210
22 years$29,947$23,658$18,509$14,357$11,056$4,438
23 years$28,342$22,127$17,090$13,076$9,925$3,784
24 years$26,873$20,732$15,805$11,926$8,920$3,229
25 years$25,524$19,456$14,639$10,891$8,027$2,757
26 years$24,280$18,285$13,577$9,958$7,231$2,355
27 years$23,131$17,209$12,607$9,115$6,519$2,013
28 years$22,065$16,216$11,720$8,351$5,882$1,721
29 years$21,075$15,297$10,906$7,658$5,311$1,472
30 years$20,152$14,447$10,159$7,029$4,799$1,259
31 years$19,291$13,657$9,471$6,455$4,339$1,078
32 years$18,485$12,922$8,836$5,932$3,925$922
33 years$17,729$12,238$8,251$5,455$3,552$789
34 years$17,020$11,599$7,709$5,019$3,216$676
35 years$16,352$11,001$7,207$4,621$2,913$579
36 years$15,723$10,442$6,742$4,255$2,639$496
37 years$15,130$9,917$6,311$3,921$2,392$424
38 years$14,569$9,425$5,910$3,614$2,169$364
39 years$14,038$8,962$5,537$3,332$1,966$311
40 years$13,535$8,527$5,190$3,074$1,784$267
41 years$13,058$8,117$4,866$2,836$1,618$228
42 years$12,604$7,730$4,565$2,617$1,468$196
43 years$12,173$7,365$4,283$2,416$1,333$168
44 years$11,763$7,020$4,021$2,231$1,210$144
45 years$11,372$6,695$3,775$2,060$1,098$123
46 years$10,999$6,386$3,546$1,903$997$105
47 years$10,643$6,095$3,331$1,758$905$90
48 years$10,302$5,818$3,130$1,624$822$77
49 years$9,977$5,556$2,942$1,501$747$66
50 years$9,666$5,307$2,766$1,388$678$57

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 $4,422 every year, while hoping to spend $20,485 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: 38/39/23 Blend
58$9,900,000$9,900,000$9,900,000$9,900,000
59$10,914,361$10,389,661$10,236,211$11,253,912
60$12,005,830$10,876,959$10,557,328$11,988,393
61$13,207,942$11,387,447$10,888,517$12,779,406
62$14,531,962$11,922,242$11,230,091$13,633,882
63$15,990,301$12,482,510$11,582,378$14,557,576
64$17,596,637$13,069,479$11,945,713$15,556,796
65$19,366,042$13,684,431$12,320,443$16,638,461
66$21,315,125$14,328,715$12,706,924$17,810,163
67$23,462,187$15,003,741$13,105,525$19,080,230
68$25,827,396$15,710,991$13,516,626$20,457,805
69$28,432,977$16,452,016$13,940,620$21,952,922
70$31,303,419$17,228,443$14,377,909$23,576,598
71$34,465,711$18,041,979$14,828,912$25,340,932
72$37,949,590$18,894,413$15,294,057$27,259,211
73$41,787,829$19,787,620$15,773,789$29,346,032
74$46,016,541$20,723,567$16,268,564$31,617,430
75$50,675,521$21,704,315$16,778,854$34,091,027
76$55,808,624$22,732,026$17,305,146$36,786,186
77$61,464,176$23,808,968$17,847,941$39,724,192
78$67,695,431$24,937,517$18,407,756$42,928,440
79$74,561,075$26,120,164$18,985,125$46,424,652
80$82,125,776$27,359,524$19,580,598$50,241,109
81$90,460,800$28,658,336$20,194,743$54,408,909
82$99,644,680$30,019,472$20,828,145$58,962,254
83$109,763,957$31,445,946$21,481,408$63,938,761
84$120,913,999$32,940,916$22,155,154$69,379,804
85$133,199,901$34,507,694$22,850,025$75,330,902
86$146,737,473$36,149,754$23,566,683$81,842,130
87$161,654,340$37,870,737$24,305,812$88,968,584
88$178,091,142$39,674,462$25,068,116$96,770,888
89$196,202,861$41,564,933$25,854,320$105,315,754
90$216,160,287$43,546,349$26,665,175$114,676,598
91$238,151,631$45,623,114$27,501,452$124,934,220
92$262,384,295$47,799,845$28,363,949$136,177,551
93$289,086,839$50,081,384$29,253,487$148,504,477
94$318,511,133$52,472,807$30,170,914$162,022,752
95$350,934,733$54,979,439$31,117,105$176,850,990
96$386,663,507$57,606,864$32,092,960$193,119,776
97$426,034,520$60,360,935$33,099,409$210,972,875
98$469,419,213$63,247,793$34,137,411$230,568,572
99$517,226,913$66,273,875$35,207,955$252,081,145
100$569,908,698$69,445,935$36,312,061$275,702,493