Can I retire at age 59 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$891,854$883,910$876,159$868,594$861,207$838,687
2 years$441,512$433,289$425,320$417,593$410,099$387,563
3 years$291,417$283,159$275,210$267,556$260,183$238,338
4 years$216,385$208,152$200,283$192,759$185,565$164,578
5 years$171,377$163,194$155,427$148,057$141,064$120,992
6 years$141,382$133,260$125,608$118,403$111,619$92,483
7 years$119,965$111,911$104,381$97,345$90,776$72,577
8 years$103,910$95,929$88,524$81,661$75,307$58,037
9 years$91,429$83,523$76,245$69,557$63,420$47,062
10 years$81,450$73,622$66,472$59,959$54,037$38,572
11 years$73,291$65,541$58,521$52,182$46,473$31,878
12 years$66,496$58,826$51,936$45,771$40,273$26,520
13 years$60,752$53,162$46,401$40,409$35,119$22,181
14 years$55,832$48,322$41,692$35,870$30,785$18,633
15 years$51,572$44,143$37,642$31,990$27,105$15,708
16 years$47,848$40,501$34,128$28,644$23,956$13,281
17 years$44,566$37,300$31,055$25,736$21,241$11,257
18 years$41,651$34,467$28,349$23,193$18,886$9,560
19 years$39,047$31,943$25,953$20,957$16,834$8,134
20 years$36,706$29,683$23,818$18,981$15,036$6,930
21 years$34,590$27,649$21,908$17,226$13,456$5,912
22 years$32,670$25,809$20,192$15,663$12,061$5,048
23 years$30,919$24,139$18,643$14,264$10,827$4,315
24 years$29,316$22,616$17,242$13,010$9,731$3,690
25 years$27,844$21,224$15,970$11,881$8,757$3,158
26 years$26,487$19,948$14,811$10,864$7,888$2,705
27 years$25,233$18,773$13,753$9,944$7,112$2,317
28 years$24,071$17,690$12,785$9,111$6,417$1,986
29 years$22,991$16,688$11,898$8,355$5,794$1,703
30 years$21,984$15,760$11,082$7,667$5,235$1,460
31 years$21,044$14,899$10,332$7,042$4,733$1,253
32 years$20,165$14,097$9,640$6,472$4,282$1,075
33 years$19,341$13,350$9,001$5,951$3,875$922
34 years$18,567$12,653$8,410$5,476$3,508$792
35 years$17,839$12,001$7,863$5,041$3,178$680
36 years$17,153$11,391$7,355$4,642$2,879$583
37 years$16,505$10,819$6,884$4,277$2,609$501
38 years$15,893$10,282$6,447$3,942$2,366$430
39 years$15,314$9,777$6,040$3,635$2,145$369
40 years$14,765$9,302$5,661$3,353$1,946$317
41 years$14,245$8,854$5,309$3,093$1,765$272
42 years$13,750$8,433$4,980$2,855$1,602$234
43 years$13,280$8,035$4,673$2,635$1,454$201
44 years$12,832$7,659$4,386$2,433$1,320$173
45 years$12,405$7,303$4,118$2,247$1,198$148
46 years$11,998$6,967$3,868$2,076$1,088$127
47 years$11,610$6,649$3,634$1,918$988$109
48 years$11,239$6,347$3,415$1,772$897$94
49 years$10,884$6,061$3,210$1,638$815$81
50 years$10,545$5,790$3,018$1,514$740$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,800,000, adding $3,885 every year, while hoping to spend $40,845 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: 62/18/20 Blend
58$10,800,000$10,800,000$10,800,000$10,800,000
59$11,905,607$11,333,207$11,165,807$12,581,980
60$13,076,521$11,845,076$11,496,403$13,550,718
61$14,365,498$12,380,657$11,836,705$14,602,976
62$15,784,539$12,941,069$12,186,995$15,750,855
63$17,346,866$13,527,485$12,547,563$17,003,670
64$19,067,047$14,141,133$12,918,707$18,371,670
65$20,961,137$14,783,300$13,300,736$19,866,129
66$23,046,826$15,455,335$13,693,963$21,499,455
67$25,343,606$16,158,650$14,098,715$23,285,299
68$27,872,957$16,894,727$14,515,325$25,238,686
69$30,658,548$17,665,117$14,944,137$27,376,152
70$33,726,458$18,471,447$15,385,504$29,715,895
71$37,105,429$19,315,420$15,839,791$32,277,950
72$40,827,130$20,198,822$16,307,370$35,084,369
73$44,926,458$21,123,525$16,788,628$38,159,429
74$49,441,868$22,091,490$17,283,959$41,529,855
75$54,415,737$23,104,771$17,793,770$45,225,073
76$59,894,761$24,165,523$18,318,480$49,277,482
77$65,930,396$25,276,004$18,858,519$53,722,754
78$72,579,348$26,438,579$19,414,330$58,600,170
79$79,904,099$27,655,728$19,986,368$63,952,984
80$87,973,508$28,930,049$20,575,102$69,828,830
81$96,863,451$30,264,266$21,181,013$76,280,163
82$106,657,542$31,661,235$21,804,596$83,364,756
83$117,447,923$33,123,946$22,446,361$91,146,230
84$129,336,128$34,655,537$23,106,832$99,694,662
85$142,434,049$36,259,294$23,786,546$109,087,231
86$156,864,985$37,938,663$24,486,059$119,408,945
87$172,764,810$39,697,254$25,205,939$130,753,440
88$190,283,255$41,538,854$25,946,772$143,223,852
89$209,585,319$43,467,430$26,709,161$156,933,791
90$230,852,829$45,487,141$27,493,725$172,008,400
91$254,286,153$47,602,346$28,301,100$188,585,536
92$280,106,096$49,817,617$29,131,943$206,817,058
93$308,555,980$52,137,742$29,986,925$226,870,259
94$339,903,943$54,567,744$30,866,739$248,929,432
95$374,445,468$57,112,887$31,772,098$273,197,604
96$412,506,176$59,778,688$32,703,733$299,898,447
97$454,444,895$62,570,932$33,662,397$329,278,374
98$500,657,050$65,495,684$34,648,864$361,608,861
99$551,578,397$68,559,300$35,663,928$397,188,998
100$607,689,132$71,768,445$36,708,409$436,348,303