Can I retire at age 59 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$883,596$875,725$868,047$860,552$853,233$842,921
2 years$437,424$429,277$421,382$413,727$406,301$395,923
3 years$288,719$280,537$272,662$265,079$257,774$247,653
4 years$214,381$206,225$198,428$190,974$183,847$174,060
5 years$169,790$161,683$153,988$146,687$139,757$130,333
6 years$140,073$132,026$124,445$117,306$110,585$101,536
7 years$118,854$110,875$103,415$96,444$89,935$81,264
8 years$102,948$95,041$87,704$80,905$74,610$66,316
9 years$90,582$82,750$75,539$68,913$62,833$54,912
10 years$80,696$72,940$65,857$59,403$53,536$45,984
11 years$72,612$64,934$57,979$51,699$46,043$38,853
12 years$65,881$58,281$51,455$45,347$39,900$33,064
13 years$60,189$52,669$45,972$40,034$34,794$28,302
14 years$55,315$47,875$41,306$35,538$30,500$24,345
15 years$51,094$43,735$37,294$31,694$26,854$21,025
16 years$47,405$40,126$33,812$28,378$23,734$18,220
17 years$44,153$36,954$30,768$25,498$21,044$15,835
18 years$41,266$34,147$28,087$22,979$18,712$13,796
19 years$38,685$31,648$25,712$20,763$16,678$12,045
20 years$36,366$29,408$23,597$18,805$14,897$10,536
21 years$34,270$27,393$21,705$17,067$13,331$9,230
22 years$32,367$25,570$20,005$15,518$11,950$8,097
23 years$30,633$23,915$18,471$14,132$10,727$7,111
24 years$29,045$22,407$17,082$12,889$9,641$6,252
25 years$27,586$21,028$15,822$11,771$8,676$5,501
26 years$26,242$19,763$14,674$10,763$7,815$4,845
27 years$25,000$18,599$13,626$9,852$7,046$4,269
28 years$23,848$17,526$12,667$9,026$6,357$3,765
29 years$22,778$16,534$11,788$8,277$5,741$3,321
30 years$21,781$15,614$10,980$7,596$5,187$2,932
31 years$20,850$14,761$10,236$6,977$4,690$2,589
32 years$19,979$13,967$9,551$6,412$4,242$2,287
33 years$19,162$13,227$8,917$5,896$3,839$2,021
34 years$18,395$12,536$8,332$5,425$3,476$1,786
35 years$17,674$11,890$7,790$4,994$3,148$1,579
36 years$16,994$11,285$7,287$4,599$2,852$1,396
37 years$16,353$10,718$6,821$4,238$2,585$1,235
38 years$15,746$10,186$6,387$3,906$2,344$1,092
39 years$15,172$9,686$5,984$3,602$2,125$966
40 years$14,629$9,216$5,609$3,322$1,928$855
41 years$14,113$8,772$5,259$3,065$1,749$757
42 years$13,623$8,355$4,933$2,828$1,587$670
43 years$13,157$7,960$4,629$2,611$1,440$593
44 years$12,713$7,588$4,345$2,411$1,307$525
45 years$12,290$7,236$4,080$2,226$1,187$465
46 years$11,887$6,903$3,832$2,057$1,078$411
47 years$11,503$6,587$3,600$1,900$979$364
48 years$11,135$6,288$3,383$1,756$889$322
49 years$10,783$6,005$3,180$1,623$807$285
50 years$10,447$5,736$2,990$1,500$733$253

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,700,000, adding $5,025 every year, while hoping to spend $42,285 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: 43/48/9 Blend
58$10,700,000$10,700,000$10,700,000$10,700,000
59$11,796,583$11,229,483$11,063,633$12,272,917
60$12,954,844$11,734,737$11,389,274$13,109,998
61$14,229,830$12,263,331$11,724,407$14,011,592
62$15,633,402$12,816,364$12,069,304$14,987,336
63$17,178,632$13,394,988$12,424,248$16,044,028
64$18,879,919$14,000,409$12,789,527$17,189,128
65$20,753,133$14,633,892$13,165,439$18,430,818
66$22,815,760$15,296,760$13,552,288$19,778,081
67$25,087,068$15,990,401$13,950,390$21,240,775
68$27,588,288$16,716,270$14,360,068$22,829,723
69$30,342,816$17,475,891$14,781,653$24,556,810
70$33,376,433$18,270,859$15,215,488$26,435,087
71$36,717,547$19,102,848$15,661,924$28,478,892
72$40,397,460$19,973,612$16,121,322$30,703,973
73$44,450,668$20,884,986$16,594,054$33,127,638
74$48,915,183$21,838,897$17,080,501$35,768,902
75$53,832,891$22,837,362$17,581,057$38,648,667
76$59,249,947$23,882,494$18,096,124$41,789,907
77$65,217,216$24,976,511$18,626,119$45,217,877
78$71,790,746$26,121,733$19,171,467$48,960,347
79$79,032,298$27,320,594$19,732,607$53,047,848
80$87,009,934$28,575,645$20,309,991$57,513,959
81$95,798,654$29,889,558$20,904,082$62,395,608
82$105,481,104$31,265,135$21,515,357$67,733,414
83$116,148,361$32,705,310$22,144,306$73,572,056
84$127,900,786$34,213,163$22,791,432$79,960,690
85$140,848,975$35,791,916$23,457,254$86,953,395
86$155,114,802$37,444,952$24,142,304$94,609,672
87$170,832,569$39,175,812$24,847,128$102,994,999
88$188,150,274$40,988,210$25,572,290$112,181,426
89$207,231,008$42,886,038$26,318,367$122,248,251
90$228,254,493$44,873,375$27,085,955$133,282,747
91$251,418,780$46,954,499$27,875,663$145,380,971
92$276,942,117$49,133,892$28,688,119$158,648,659
93$305,065,012$51,416,251$29,523,970$173,202,203
94$336,052,498$53,806,502$30,383,877$189,169,734
95$370,196,639$56,309,807$31,268,524$206,692,313
96$407,819,287$58,931,578$32,178,610$225,925,242
97$449,275,116$61,677,487$33,114,855$247,039,511
98$494,954,975$64,553,482$34,078,000$270,223,391
99$545,289,574$67,565,794$35,068,805$295,684,187
100$600,753,552$70,720,959$36,088,051$323,650,176