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%19.6%
1 years$817,533$810,251$803,146$796,211$789,440$759,017
2 years$404,719$397,182$389,877$382,794$375,924$345,636
3 years$267,133$259,563$252,276$245,260$238,501$209,302
4 years$198,353$190,806$183,592$176,696$170,101$142,213
5 years$157,096$149,594$142,475$135,719$129,308$102,802
6 years$129,600$122,155$115,141$108,536$102,317$77,211
7 years$109,968$102,586$95,683$89,233$83,211$59,497
8 years$95,251$87,935$81,147$74,856$69,032$46,687
9 years$83,810$76,563$69,892$63,760$58,135$37,127
10 years$74,662$67,487$60,933$54,962$49,534$29,823
11 years$67,183$60,079$53,644$47,833$42,601$24,142
12 years$60,955$53,924$47,608$41,956$36,917$19,663
13 years$55,689$48,731$42,535$37,041$32,192$16,092
14 years$51,179$44,296$38,218$32,881$28,219$13,220
15 years$47,274$40,465$34,505$29,324$24,847$10,895
16 years$43,861$37,126$31,284$26,257$21,960$9,002
17 years$40,852$34,191$28,467$23,591$19,471$7,453
18 years$38,180$31,594$25,987$21,261$17,313$6,181
19 years$35,793$29,281$23,790$19,211$15,431$5,133
20 years$33,647$27,210$21,833$17,399$13,783$4,267
21 years$31,708$25,345$20,082$15,791$12,335$3,551
22 years$29,947$23,658$18,509$14,357$11,056$2,958
23 years$28,342$22,127$17,090$13,076$9,925$2,465
24 years$26,873$20,732$15,805$11,926$8,920$2,056
25 years$25,524$19,456$14,639$10,891$8,027$1,715
26 years$24,280$18,285$13,577$9,958$7,231$1,431
27 years$23,131$17,209$12,607$9,115$6,519$1,195
28 years$22,065$16,216$11,720$8,351$5,882$998
29 years$21,075$15,297$10,906$7,658$5,311$833
30 years$20,152$14,447$10,159$7,029$4,799$696
31 years$19,291$13,657$9,471$6,455$4,339$581
32 years$18,485$12,922$8,836$5,932$3,925$486
33 years$17,729$12,238$8,251$5,455$3,552$406
34 years$17,020$11,599$7,709$5,019$3,216$339
35 years$16,352$11,001$7,207$4,621$2,913$284
36 years$15,723$10,442$6,742$4,255$2,639$237
37 years$15,130$9,917$6,311$3,921$2,392$198
38 years$14,569$9,425$5,910$3,614$2,169$166
39 years$14,038$8,962$5,537$3,332$1,966$138
40 years$13,535$8,527$5,190$3,074$1,784$116
41 years$13,058$8,117$4,866$2,836$1,618$97
42 years$12,604$7,730$4,565$2,617$1,468$81
43 years$12,173$7,365$4,283$2,416$1,333$68
44 years$11,763$7,020$4,021$2,231$1,210$57
45 years$11,372$6,695$3,775$2,060$1,098$47
46 years$10,999$6,386$3,546$1,903$997$40
47 years$10,643$6,095$3,331$1,758$905$33
48 years$10,302$5,818$3,130$1,624$822$28
49 years$9,977$5,556$2,942$1,501$747$23
50 years$9,666$5,307$2,766$1,388$678$19

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 $3,181 every year, while hoping to spend $44,389 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: 49/34/17 Blend
58$9,900,000$9,900,000$9,900,000$9,900,000
59$10,913,081$10,388,381$10,234,931$11,395,955
60$11,978,986$10,850,182$10,530,572$12,191,824
61$13,152,125$11,333,124$10,834,629$13,051,071
62$14,443,390$11,838,195$11,147,337$13,983,519
63$15,864,781$12,366,432$11,468,938$14,996,061
64$17,429,521$12,918,919$11,799,680$16,096,267
65$19,152,180$13,496,795$12,139,817$17,292,456
66$21,048,814$14,101,249$12,489,612$18,593,767
67$23,137,112$14,733,529$12,849,333$20,010,246
68$25,436,567$15,394,942$13,219,256$21,552,933
69$27,968,661$16,086,858$13,599,665$23,233,966
70$30,757,061$16,810,711$13,990,850$25,066,687
71$33,827,850$17,568,004$14,393,112$27,065,770
72$37,209,766$18,360,312$14,806,757$29,247,348
73$40,934,480$19,189,284$15,232,101$31,629,167
74$45,036,887$20,056,650$15,669,467$34,230,744
75$49,555,444$20,964,220$16,119,188$37,073,548
76$54,532,524$21,913,892$16,581,606$40,181,198
77$60,014,823$22,907,654$17,057,071$43,579,678
78$66,053,796$23,947,590$17,545,944$47,297,581
79$72,706,144$25,035,882$18,048,594$51,366,368
80$80,034,350$26,174,820$18,565,400$55,820,660
81$88,107,266$27,366,798$19,096,754$60,698,561
82$97,000,766$28,614,331$19,643,054$66,042,006
83$106,798,460$29,920,048$20,204,712$71,897,156
84$117,592,483$31,286,710$20,782,150$78,314,818
85$129,484,364$32,717,207$21,375,800$85,350,925
86$142,585,986$34,214,568$21,986,107$93,067,050
87$157,020,642$35,781,967$22,613,527$101,530,979
88$172,924,196$37,422,732$23,258,528$110,817,347
89$190,446,367$39,140,348$23,921,591$121,008,328
90$209,752,142$40,938,471$24,603,211$132,194,400
91$231,023,334$42,820,930$25,303,892$144,475,195
92$254,460,297$44,791,738$26,024,154$157,960,423
93$280,283,816$46,855,102$26,764,532$172,770,897
94$308,737,194$49,015,430$27,525,573$189,039,665
95$340,088,546$51,277,345$28,307,838$206,913,252
96$374,633,331$53,645,688$29,111,904$226,553,027
97$412,697,140$56,125,536$29,938,362$248,136,719
98$454,638,771$58,722,210$30,787,820$271,860,074
99$500,853,613$61,441,286$31,660,899$297,938,696
100$551,777,383$64,288,610$32,558,241$326,610,059