Can I retire at age 59 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$842,306$834,804$827,484$820,339$813,362$787,011
2 years$416,983$409,217$401,691$394,394$387,315$361,014
3 years$275,228$267,428$259,921$252,692$245,729$220,303
4 years$204,364$196,588$189,156$182,050$175,256$150,900
5 years$161,856$154,127$146,793$139,832$133,227$110,007
6 years$133,527$125,857$118,630$111,825$105,418$83,352
7 years$113,300$105,694$98,582$91,937$85,733$64,820
8 years$98,137$90,599$83,606$77,124$71,124$51,348
9 years$86,349$78,883$72,009$65,692$59,896$41,235
10 years$76,925$69,532$62,779$56,628$51,035$33,459
11 years$69,219$61,900$55,270$49,283$43,892$27,369
12 years$62,802$55,558$49,051$43,228$38,036$22,530
13 years$57,377$50,208$43,824$38,164$33,168$18,641
14 years$52,730$45,638$39,376$33,877$29,075$15,487
15 years$48,707$41,691$35,551$30,213$25,600$12,909
16 years$45,190$38,251$32,232$27,052$22,625$10,790
17 years$42,090$35,227$29,330$24,306$20,061$9,039
18 years$39,337$32,552$26,775$21,905$17,837$7,586
19 years$36,878$30,169$24,511$19,793$15,899$6,377
20 years$34,667$28,034$22,495$17,926$14,201$5,367
21 years$32,669$26,113$20,691$16,269$12,708$4,523
22 years$30,855$24,375$19,070$14,792$11,391$3,814
23 years$29,201$22,798$17,608$13,472$10,225$3,219
24 years$27,688$21,360$16,284$12,287$9,191$2,719
25 years$26,297$20,045$15,082$11,221$8,270$2,297
26 years$25,016$18,839$13,988$10,260$7,450$1,942
27 years$23,831$17,730$12,989$9,391$6,716$1,642
28 years$22,734$16,707$12,075$8,604$6,060$1,389
29 years$21,713$15,761$11,237$7,890$5,472$1,176
30 years$20,763$14,885$10,467$7,241$4,945$995
31 years$19,875$14,071$9,758$6,651$4,470$842
32 years$19,045$13,314$9,104$6,112$4,044$713
33 years$18,267$12,609$8,501$5,621$3,660$604
34 years$17,536$11,950$7,943$5,172$3,313$511
35 years$16,848$11,334$7,426$4,761$3,001$433
36 years$16,200$10,758$6,947$4,384$2,719$367
37 years$15,588$10,218$6,502$4,040$2,464$311
38 years$15,010$9,710$6,089$3,723$2,234$263
39 years$14,463$9,234$5,704$3,433$2,026$223
40 years$13,945$8,785$5,347$3,167$1,838$189
41 years$13,453$8,363$5,014$2,922$1,667$160
42 years$12,986$7,964$4,703$2,696$1,513$136
43 years$12,542$7,588$4,413$2,489$1,373$115
44 years$12,119$7,233$4,142$2,298$1,246$97
45 years$11,716$6,898$3,890$2,122$1,131$83
46 years$11,332$6,580$3,653$1,961$1,027$70
47 years$10,965$6,279$3,432$1,811$933$59
48 years$10,615$5,994$3,225$1,674$847$50
49 years$10,279$5,724$3,032$1,547$769$43
50 years$9,959$5,468$2,850$1,430$699$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,200,000, adding $6,751 every year, while hoping to spend $26,895 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: 50/24/26 Blend
58$10,200,000$10,200,000$10,200,000$10,200,000
59$11,247,364$10,706,764$10,548,664$11,726,866
60$12,365,979$11,202,779$10,873,428$12,557,910
61$13,597,791$11,722,198$11,208,170$13,457,420
62$14,954,318$12,266,138$11,553,197$14,434,588
63$16,448,253$12,835,773$11,908,822$15,496,785
64$18,093,579$13,432,330$12,275,372$16,652,116
65$19,905,708$14,057,098$12,653,181$17,909,484
66$21,901,621$14,711,427$13,042,594$19,278,681
67$24,100,032$15,396,732$13,443,966$20,770,468
68$26,521,561$16,114,498$13,857,665$22,396,680
69$29,188,930$16,866,278$14,284,067$24,170,330
70$32,127,180$17,653,705$14,723,562$26,105,730
71$35,363,901$18,478,486$15,176,550$28,218,621
72$38,929,501$19,342,413$15,643,446$30,526,319
73$42,857,484$20,247,365$16,124,676$33,047,872
74$47,184,772$21,195,310$16,620,677$35,804,240
75$51,952,052$22,188,314$17,131,903$38,818,481
76$57,204,159$23,228,539$17,658,819$42,115,969
77$62,990,500$24,318,255$18,201,907$45,724,629
78$69,365,521$25,459,839$18,761,661$49,675,192
79$76,389,219$26,655,786$19,338,592$54,001,480
80$84,127,709$27,908,710$19,933,224$58,740,724
81$92,653,850$29,221,350$20,546,101$63,933,904
82$102,047,927$30,596,581$21,177,780$69,626,131
83$112,398,417$32,037,415$21,828,837$75,867,068
84$123,802,817$33,547,010$22,499,865$82,711,392
85$136,368,569$35,128,678$23,191,475$90,219,300
86$150,214,070$36,785,890$23,904,296$98,457,073
87$165,469,793$38,522,287$24,638,978$107,497,692
88$182,279,518$40,341,685$25,396,190$117,421,521
89$200,801,686$42,248,085$26,176,620$128,317,054
90$221,210,900$44,245,683$26,980,978$140,281,743
91$243,699,568$46,338,877$27,809,997$153,422,911
92$268,479,723$48,532,281$28,664,430$167,858,751
93$295,785,021$50,830,729$29,545,056$183,719,434
94$325,872,951$53,239,293$30,452,673$201,148,329
95$359,027,263$55,763,289$31,388,109$220,303,342
96$395,560,646$58,408,292$32,352,212$241,358,397
97$435,817,680$61,180,148$33,345,860$264,505,065
98$480,178,093$64,084,984$34,369,955$289,954,361
99$529,060,338$67,129,228$35,425,429$317,938,723
100$582,925,551$70,319,618$36,513,239$348,714,189