Can I retire at age 59 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$957,917$949,385$941,060$932,934$925,000$914,960
2 years$474,216$465,385$456,825$448,526$440,476$430,367
3 years$313,004$304,134$295,596$287,375$279,456$269,591
4 years$232,413$223,571$215,118$207,038$199,311$189,766
5 years$184,072$175,282$166,941$159,025$151,513$142,317
6 years$151,855$143,131$134,913$127,173$119,887$111,051
7 years$128,851$120,201$112,113$104,556$97,500$89,028
8 years$111,607$103,035$95,081$87,710$80,886$72,777
9 years$98,201$89,710$81,893$74,709$68,118$60,369
10 years$87,483$79,075$71,396$64,400$58,040$50,646
11 years$78,720$70,396$62,856$56,047$49,916$42,871
12 years$71,422$63,184$55,783$49,161$43,256$36,553
13 years$65,252$57,100$49,839$43,402$37,720$31,350
14 years$59,968$51,902$44,780$38,527$33,065$27,020
15 years$55,392$47,413$40,431$34,360$29,113$23,383
16 years$51,392$43,501$36,656$30,765$25,730$20,306
17 years$47,867$40,063$33,356$27,642$22,814$17,685
18 years$44,737$37,020$30,449$24,911$20,285$15,441
19 years$41,939$34,309$27,875$22,509$18,081$13,510
20 years$39,425$31,882$25,582$20,387$16,150$11,843
21 years$37,153$29,697$23,531$18,502$14,453$10,399
22 years$35,090$27,721$21,687$16,823$12,955$9,143
23 years$33,209$25,927$20,024$15,321$11,629$8,048
24 years$31,488$24,292$18,519$13,973$10,452$7,092
25 years$29,907$22,797$17,152$12,761$9,405$6,255
26 years$28,449$21,425$15,908$11,668$8,472$5,522
27 years$27,102$20,164$14,772$10,680$7,638$4,878
28 years$25,854$19,000$13,732$9,785$6,892$4,312
29 years$24,694$17,924$12,779$8,973$6,223$3,813
30 years$23,613$16,928$11,903$8,235$5,623$3,374
31 years$22,603$16,002$11,097$7,564$5,084$2,987
32 years$21,659$15,141$10,354$6,951$4,599$2,645
33 years$20,774$14,339$9,667$6,392$4,162$2,343
34 years$19,943$13,590$9,033$5,881$3,768$2,076
35 years$19,160$12,890$8,445$5,414$3,413$1,840
36 years$18,423$12,235$7,900$4,986$3,092$1,631
37 years$17,728$11,620$7,394$4,594$2,803$1,446
38 years$17,071$11,043$6,924$4,235$2,541$1,283
39 years$16,449$10,501$6,487$3,904$2,304$1,138
40 years$15,859$9,991$6,081$3,601$2,090$1,009
41 years$15,300$9,510$5,702$3,323$1,896$895
42 years$14,768$9,057$5,348$3,066$1,720$795
43 years$14,263$8,630$5,019$2,831$1,561$705
44 years$13,782$8,226$4,711$2,614$1,417$626
45 years$13,324$7,844$4,423$2,414$1,287$555
46 years$12,887$7,483$4,155$2,230$1,168$493
47 years$12,470$7,141$3,903$2,060$1,061$438
48 years$12,072$6,817$3,668$1,903$963$388
49 years$11,690$6,510$3,448$1,759$875$345
50 years$11,326$6,219$3,241$1,626$795$306

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,600,000, adding $4,305 every year, while hoping to spend $30,385 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: 89/6/5 Blend
58$11,600,000$11,600,000$11,600,000$11,600,000
59$12,787,641$12,172,841$11,993,041$13,927,338
60$14,059,651$12,736,980$12,362,478$15,233,005
61$15,460,387$13,327,745$12,743,273$16,663,777
62$17,002,948$13,946,406$13,135,775$18,236,011
63$18,701,767$14,594,298$13,540,341$19,963,966
64$20,572,748$15,272,819$13,957,343$21,863,348
65$22,633,416$15,983,435$14,387,162$23,951,457
66$24,903,083$16,727,682$14,830,190$26,247,351
67$27,403,029$17,507,170$15,286,834$28,772,023
68$30,156,705$18,323,588$15,757,509$31,548,601
69$33,189,950$19,178,705$16,242,647$34,602,563
70$36,531,240$20,074,377$16,742,691$37,961,975
71$40,211,953$21,012,547$17,258,097$41,657,759
72$44,266,666$21,995,256$17,789,337$45,723,981
73$48,733,482$23,024,640$18,336,897$50,198,170
74$53,654,390$24,102,940$18,901,275$55,121,676
75$59,075,658$25,232,504$19,482,988$60,540,052
76$65,048,274$26,415,796$20,082,567$66,503,488
77$71,628,424$27,655,396$20,700,559$73,067,283
78$78,878,024$28,954,011$21,337,528$80,292,360
79$86,865,303$30,314,478$21,994,056$88,245,847
80$95,665,449$31,739,772$22,670,742$97,001,705
81$105,361,316$33,233,013$23,368,204$106,641,425
82$116,044,209$34,797,469$24,087,077$117,254,793
83$127,814,741$36,436,568$24,828,017$128,940,741
84$140,783,790$38,153,905$25,591,701$141,808,275
85$155,073,538$39,953,248$26,378,824$155,977,504
86$170,818,629$41,838,547$27,190,105$171,580,769
87$188,167,438$43,813,945$28,026,282$188,763,893
88$207,283,473$45,883,785$28,888,119$207,687,554
89$228,346,917$48,052,620$29,776,401$228,528,798
90$251,556,329$50,325,224$30,691,937$251,482,712
91$277,130,519$52,706,604$31,635,561$276,764,258
92$305,310,612$55,202,009$32,608,133$304,610,302
93$336,362,328$57,816,940$33,610,538$335,281,849
94$370,578,484$60,557,170$34,643,690$369,066,500
95$408,281,766$63,428,747$35,708,530$406,281,166
96$449,827,767$66,438,016$36,806,027$447,275,056
97$495,608,349$69,591,629$37,937,179$492,432,974
98$546,055,343$72,896,561$39,103,016$542,178,939
99$601,644,621$76,360,126$40,304,600$596,980,196
100$662,900,592$79,989,991$41,543,024$657,351,611