Can I retire at age 59 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$941,401$933,016$924,835$916,849$909,052$888,882
2 years$466,040$457,361$448,949$440,793$432,882$412,666
3 years$307,607$298,890$290,500$282,420$274,638$255,007
4 years$228,406$219,716$211,409$203,468$195,874$176,979
5 years$180,898$172,260$164,062$156,283$148,900$130,795
6 years$149,236$140,663$132,587$124,981$117,820$100,523
7 years$126,630$118,129$110,180$102,754$95,819$79,334
8 years$109,682$101,258$93,442$86,197$79,491$63,812
9 years$96,508$88,163$80,481$73,421$66,943$52,058
10 years$85,975$77,712$70,165$63,290$57,039$42,932
11 years$77,362$69,182$61,772$55,081$49,055$35,708
12 years$70,191$62,094$54,821$48,313$42,510$29,902
13 years$64,127$56,115$48,979$42,653$37,070$25,178
14 years$58,934$51,007$44,008$37,863$32,495$21,295
15 years$54,437$46,596$39,733$33,767$28,611$18,078
16 years$50,506$42,751$36,024$30,235$25,287$15,394
17 years$47,042$39,372$32,781$27,166$22,421$13,143
18 years$43,965$36,381$29,924$24,482$19,936$11,245
19 years$41,216$33,718$27,394$22,121$17,769$9,638
20 years$38,745$31,332$25,141$20,035$15,872$8,274
21 years$36,512$29,185$23,125$18,183$14,203$7,113
22 years$34,485$27,243$21,313$16,533$12,731$6,121
23 years$32,637$25,480$19,679$15,057$11,428$5,273
24 years$30,945$23,873$18,200$13,733$10,272$4,546
25 years$29,391$22,404$16,857$12,541$9,243$3,922
26 years$27,959$21,056$15,634$11,467$8,326$3,386
27 years$26,635$19,816$14,517$10,496$7,507$2,924
28 years$25,408$18,672$13,496$9,617$6,773$2,527
29 years$24,268$17,615$12,559$8,819$6,116$2,184
30 years$23,205$16,636$11,698$8,093$5,526$1,889
31 years$22,214$15,726$10,906$7,433$4,996$1,634
32 years$21,286$14,880$10,175$6,831$4,520$1,413
33 years$20,416$14,092$9,501$6,282$4,090$1,223
34 years$19,599$13,356$8,877$5,780$3,703$1,059
35 years$18,830$12,668$8,299$5,321$3,354$916
36 years$18,106$12,024$7,764$4,900$3,039$793
37 years$17,422$11,420$7,267$4,515$2,754$687
38 years$16,776$10,853$6,805$4,162$2,497$595
39 years$16,165$10,320$6,376$3,837$2,264$515
40 years$15,586$9,819$5,976$3,539$2,054$446
41 years$15,036$9,346$5,603$3,265$1,863$387
42 years$14,514$8,901$5,256$3,014$1,691$335
43 years$14,017$8,481$4,932$2,782$1,535$290
44 years$13,545$8,084$4,630$2,569$1,393$251
45 years$13,095$7,709$4,347$2,372$1,264$218
46 years$12,665$7,354$4,083$2,191$1,148$189
47 years$12,255$7,018$3,836$2,024$1,043$163
48 years$11,863$6,700$3,605$1,871$947$142
49 years$11,489$6,398$3,388$1,729$860$123
50 years$11,130$6,111$3,185$1,598$781$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,400,000, adding $5,084 every year, while hoping to spend $41,292 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: 53/25/22 Blend
58$11,400,000$11,400,000$11,400,000$11,400,000
59$12,568,044$11,963,844$11,787,144$13,157,667
60$13,806,050$12,506,138$12,138,079$14,106,369
61$15,168,949$13,073,621$12,499,386$15,133,458
62$16,669,436$13,667,482$12,871,370$16,250,256
63$18,321,500$14,288,970$13,254,343$17,465,331
64$20,140,556$14,939,393$13,648,626$18,788,102
65$22,143,589$15,620,119$14,054,551$20,228,924
66$24,349,315$16,332,585$14,472,458$21,799,183
67$26,778,358$17,078,295$14,902,699$23,511,399
68$29,453,444$17,858,825$15,345,633$25,379,341
69$32,399,615$18,675,827$15,801,631$27,418,151
70$35,644,466$19,531,033$16,271,076$29,644,489
71$39,218,405$20,426,257$16,754,361$32,076,680
72$43,154,939$21,363,400$17,251,888$34,734,884
73$47,490,992$22,344,455$17,764,075$37,641,284
74$52,267,250$23,371,511$18,291,349$40,820,290
75$57,528,551$24,446,756$18,834,151$44,298,763
76$63,324,301$25,572,485$19,392,932$48,106,263
77$69,708,944$26,751,101$19,968,160$52,275,327
78$76,742,475$27,985,124$20,560,313$56,841,764
79$84,491,009$29,277,196$21,169,884$61,844,995
80$93,027,398$30,630,085$21,797,381$67,328,412
81$102,431,926$32,046,692$22,443,326$73,339,783
82$112,793,060$33,530,058$23,108,256$79,931,701
83$124,208,293$35,083,372$23,792,723$87,162,067
84$136,785,055$36,709,973$24,497,296$95,094,634
85$150,641,733$38,413,365$25,222,558$103,799,598
86$165,908,788$40,197,217$25,969,112$113,354,254
87$182,729,983$42,065,379$26,737,575$123,843,721
88$201,263,742$44,021,884$27,528,585$135,361,729
89$221,684,646$46,070,959$28,342,795$148,011,502
90$244,185,081$48,217,037$29,180,880$161,906,721
91$268,977,052$50,464,764$30,043,531$177,172,585
92$296,294,183$52,819,009$30,931,462$193,946,985
93$326,393,929$55,284,880$31,845,404$212,381,795
94$359,559,997$57,867,726$32,786,113$232,644,293
95$396,105,031$60,573,160$33,754,363$254,918,730
96$436,373,562$63,407,062$34,750,951$279,408,055
97$480,745,255$66,375,598$35,776,698$306,335,820
98$529,638,502$69,485,233$36,832,448$335,948,279
99$583,514,363$72,742,743$37,919,069$368,516,692
100$642,880,922$76,155,232$39,037,452$404,339,879