Can I retire at age 59 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$974,433$965,753$957,285$949,019$940,949$917,085
2 years$482,393$473,408$464,701$456,259$448,071$424,184
3 years$318,401$309,378$300,693$292,330$284,274$261,111
4 years$236,421$227,425$218,827$210,607$202,747$180,485
5 years$187,245$178,304$169,819$161,766$154,125$132,826
6 years$154,473$145,599$137,239$129,366$121,954$101,640
7 years$131,073$122,274$114,046$106,359$99,181$79,853
8 years$113,531$104,811$96,720$89,222$82,280$63,930
9 years$99,894$91,257$83,305$75,997$69,292$51,904
10 years$88,992$80,438$72,627$65,510$59,040$42,593
11 years$80,077$71,610$63,940$57,014$50,777$35,246
12 years$72,653$64,273$56,745$50,009$44,002$29,361
13 years$66,377$58,084$50,698$44,150$38,370$24,590
14 years$61,001$52,797$45,552$39,192$33,635$20,685
15 years$56,347$48,231$41,128$34,952$29,615$17,462
16 years$52,278$44,251$37,288$31,296$26,174$14,785
17 years$48,692$40,753$33,931$28,119$23,208$12,550
18 years$45,508$37,658$30,974$25,341$20,635$10,675
19 years$42,662$34,901$28,356$22,898$18,393$9,095
20 years$40,104$32,432$26,023$20,738$16,429$7,761
21 years$37,793$30,209$23,936$18,821$14,702$6,631
22 years$35,695$28,199$22,061$17,113$13,178$5,671
23 years$33,782$26,374$20,370$15,585$11,829$4,855
24 years$32,031$24,711$18,838$14,214$10,633$4,159
25 years$30,422$23,190$17,448$12,981$9,568$3,565
26 years$28,940$21,795$16,182$11,870$8,618$3,058
27 years$27,570$20,511$15,027$10,864$7,770$2,624
28 years$26,300$19,328$13,969$9,954$7,011$2,253
29 years$25,119$18,233$13,000$9,128$6,331$1,934
30 years$24,020$17,219$12,109$8,377$5,720$1,662
31 years$22,993$16,278$11,289$7,694$5,172$1,428
32 years$22,033$15,402$10,532$7,071$4,678$1,227
33 years$21,132$14,586$9,834$6,502$4,234$1,055
34 years$20,286$13,825$9,188$5,983$3,833$907
35 years$19,491$13,112$8,591$5,507$3,472$780
36 years$18,741$12,446$8,036$5,072$3,146$671
37 years$18,034$11,820$7,522$4,673$2,851$577
38 years$17,365$11,234$7,044$4,308$2,585$496
39 years$16,732$10,682$6,599$3,972$2,344$427
40 years$16,132$10,163$6,186$3,663$2,126$367
41 years$15,564$9,674$5,800$3,380$1,929$316
42 years$15,023$9,213$5,441$3,119$1,750$272
43 years$14,509$8,779$5,105$2,879$1,588$234
44 years$14,020$8,368$4,792$2,659$1,442$201
45 years$13,554$7,979$4,500$2,455$1,309$173
46 years$13,109$7,612$4,226$2,268$1,188$149
47 years$12,685$7,264$3,971$2,095$1,079$128
48 years$12,280$6,935$3,731$1,936$980$110
49 years$11,892$6,622$3,507$1,789$890$95
50 years$11,521$6,326$3,297$1,654$808$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,800,000, adding $6,247 every year, while hoping to spend $30,567 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: 66/26/8 Blend
58$11,800,000$11,800,000$11,800,000$11,800,000
59$13,010,044$12,384,644$12,201,744$13,848,560
60$14,304,545$12,958,968$12,577,979$14,981,049
61$15,730,061$13,560,410$12,965,794$16,214,042
62$17,299,923$14,190,266$13,365,544$17,560,760
63$19,028,821$14,849,895$13,777,595$19,032,287
64$20,932,942$15,540,721$14,202,326$20,640,818
65$23,030,124$16,264,238$14,640,125$22,399,766
66$25,340,022$17,022,011$15,091,395$24,323,886
67$27,884,295$17,815,680$15,556,548$26,429,413
68$30,686,812$18,646,967$16,036,010$28,734,212
69$33,773,872$19,517,674$16,530,222$31,257,939
70$37,174,458$20,429,691$17,039,636$34,022,227
71$40,920,506$21,385,000$17,564,717$37,050,883
72$45,047,211$22,385,678$18,105,948$40,370,111
73$49,593,353$23,433,903$18,663,824$44,008,752
74$54,601,669$24,531,957$19,238,856$47,998,554
75$60,119,251$25,682,235$19,831,569$52,374,465
76$66,197,995$26,887,245$20,442,508$57,174,959
77$72,895,088$28,149,618$21,072,230$62,442,393
78$80,273,549$29,472,111$21,721,311$68,223,402
79$88,402,823$30,857,617$22,390,347$74,569,333
80$97,359,436$32,309,165$23,079,949$81,536,721
81$107,227,719$33,829,934$23,790,747$89,187,821
82$118,100,601$35,423,256$24,523,392$97,591,186
83$130,080,491$37,092,624$25,278,554$106,822,307
84$143,280,238$38,841,700$26,056,923$116,964,319
85$157,824,203$40,674,324$26,859,211$128,108,777
86$173,849,428$42,594,522$27,686,151$140,356,514
87$191,506,932$44,606,516$28,538,499$153,818,583
88$210,963,134$46,714,730$29,417,033$168,617,295
89$232,401,427$48,923,805$30,322,558$184,887,368
90$256,023,908$51,238,607$31,255,899$202,777,187
91$282,053,284$53,664,236$32,217,909$222,450,193
92$310,734,977$56,206,042$33,209,467$244,086,418
93$342,339,439$58,869,632$34,231,478$267,884,172
94$377,164,706$61,660,888$35,284,876$294,061,902
95$415,539,208$64,585,974$36,370,622$322,860,246
96$457,824,877$67,651,356$37,489,707$354,544,288
97$504,420,554$70,863,813$38,643,153$389,406,047
98$555,765,764$74,230,452$39,832,011$427,767,224
99$612,344,856$77,758,728$41,057,367$469,982,219
100$674,691,581$81,456,456$42,320,339$516,441,464