Can I retire at age 59 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$908,370$900,278$892,384$884,679$877,155$871,262
2 years$449,688$441,313$433,196$425,327$417,693$411,750
3 years$296,814$288,403$280,307$272,511$265,002$259,192
4 years$220,392$212,007$203,991$196,329$189,001$183,370
5 years$174,551$166,216$158,306$150,799$143,676$138,240
6 years$144,000$135,728$127,935$120,595$113,686$108,452
7 years$122,187$113,984$106,314$99,148$92,457$87,427
8 years$105,834$97,705$90,163$83,173$76,702$71,877
9 years$93,122$85,070$77,657$70,845$64,594$59,973
10 years$82,958$74,985$67,703$61,069$55,037$50,617
11 years$74,648$66,755$59,605$53,148$47,334$43,111
12 years$67,728$59,915$52,898$46,618$41,019$36,990
13 years$61,877$54,146$47,261$41,157$35,769$31,931
14 years$56,866$49,217$42,464$36,534$31,355$27,702
15 years$52,527$44,961$38,339$32,582$27,607$24,135
16 years$48,734$41,251$34,760$29,174$24,400$21,102
17 years$45,391$37,990$31,630$26,213$21,634$18,507
18 years$42,423$35,105$28,874$23,623$19,236$16,274
19 years$39,770$32,535$26,433$21,345$17,146$14,342
20 years$37,386$30,233$24,259$19,332$15,315$12,665
21 years$35,231$28,161$22,314$17,545$13,705$11,202
22 years$33,275$26,287$20,566$15,953$12,285$9,924
23 years$31,491$24,586$18,989$14,528$11,027$8,802
24 years$29,859$23,035$17,561$13,251$9,912$7,817
25 years$28,360$21,617$16,265$12,101$8,919$6,948
26 years$26,978$20,317$15,085$11,065$8,034$6,182
27 years$25,701$19,121$14,008$10,128$7,243$5,504
28 years$24,517$18,017$13,022$9,279$6,536$4,904
29 years$23,416$16,997$12,118$8,509$5,902$4,373
30 years$22,391$16,052$11,288$7,809$5,332$3,901
31 years$21,434$15,175$10,523$7,172$4,821$3,481
32 years$20,539$14,358$9,818$6,592$4,361$3,108
33 years$19,699$13,597$9,167$6,061$3,947$2,776
34 years$18,911$12,887$8,565$5,577$3,573$2,481
35 years$18,169$12,223$8,008$5,134$3,236$2,217
36 years$17,471$11,602$7,491$4,728$2,932$1,982
37 years$16,811$11,019$7,012$4,357$2,658$1,772
38 years$16,188$10,472$6,566$4,016$2,409$1,585
39 years$15,598$9,958$6,152$3,702$2,185$1,418
40 years$15,039$9,474$5,766$3,415$1,982$1,269
41 years$14,508$9,018$5,407$3,151$1,798$1,136
42 years$14,005$8,589$5,072$2,908$1,632$1,016
43 years$13,526$8,183$4,759$2,684$1,481$910
44 years$13,070$7,801$4,467$2,478$1,344$814
45 years$12,635$7,439$4,195$2,289$1,220$729
46 years$12,221$7,096$3,940$2,114$1,108$653
47 years$11,825$6,772$3,701$1,953$1,006$585
48 years$11,447$6,465$3,478$1,805$914$524
49 years$11,086$6,173$3,269$1,668$830$469
50 years$10,740$5,897$3,074$1,542$754$420

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,000,000, adding $6,478 every year, while hoping to spend $38,505 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: 49/26/25 Blend
58$11,000,000$11,000,000$11,000,000$11,000,000
59$12,128,682$11,545,682$11,375,182$12,636,803
60$13,324,839$12,070,451$11,715,282$13,517,090
61$14,641,713$12,619,644$12,065,484$14,468,538
62$16,091,577$13,194,416$12,426,087$15,501,464
63$17,687,954$13,795,978$12,797,397$16,623,580
64$19,445,745$14,425,601$13,179,730$17,843,362
65$21,381,369$15,084,614$13,573,409$19,170,121
66$23,512,921$15,774,412$13,978,771$20,614,094
67$25,860,336$16,496,456$14,396,157$22,186,534
68$28,445,584$17,252,276$14,825,922$23,899,813
69$31,292,874$18,043,478$15,268,430$25,767,535
70$34,428,881$18,871,742$15,724,057$27,804,661
71$37,883,001$19,738,832$16,193,187$30,027,643
72$41,687,626$20,646,593$16,676,217$32,454,580
73$45,878,451$21,596,963$17,173,557$35,105,379
74$50,494,808$22,591,969$17,685,627$38,001,940
75$55,580,041$23,633,739$18,212,858$41,168,362
76$61,181,914$24,724,500$18,755,697$44,631,157
77$67,353,057$25,866,589$19,314,601$48,419,502
78$74,151,471$27,062,454$19,890,042$52,565,505
79$81,641,067$28,314,660$20,482,505$57,104,502
80$89,892,276$29,625,899$21,092,489$62,075,387
81$98,982,709$30,998,988$21,720,508$67,520,970
82$108,997,890$32,436,884$22,367,090$73,488,376
83$120,032,067$33,942,683$23,032,780$80,029,482
84$132,189,096$35,519,633$23,718,136$87,201,398
85$145,583,426$37,171,137$24,423,735$95,067,001
86$160,341,175$38,900,762$25,150,170$103,695,520
87$176,601,324$40,712,249$25,898,050$113,163,179
88$194,517,026$42,609,516$26,668,002$123,553,910
89$214,257,055$44,596,675$27,460,672$134,960,133
90$236,007,395$46,678,032$28,276,725$147,483,624
91$259,972,997$48,858,103$29,116,843$161,236,460
92$286,379,715$51,141,622$29,981,729$176,342,072
93$315,476,436$53,533,553$30,872,108$192,936,394
94$347,537,432$56,039,096$31,788,723$211,169,138
95$382,864,945$58,663,707$32,732,340$231,205,195
96$421,792,044$61,413,102$33,703,747$253,226,179
97$464,685,764$64,293,277$34,703,755$277,432,126
98$511,950,579$67,310,514$35,733,198$304,043,373
99$564,032,211$70,471,402$36,792,933$333,302,621
100$621,421,844$73,782,848$37,883,843$365,477,210