Can I retire at age 59 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$982,691$973,938$965,398$957,062$948,923$935,515
2 years$486,481$477,420$468,640$460,126$451,868$438,386
3 years$321,099$311,999$303,241$294,807$286,684$273,546
4 years$238,424$229,353$220,682$212,392$204,465$191,773
5 years$188,832$179,815$171,258$163,137$155,431$143,222
6 years$155,782$146,833$138,402$130,462$122,987$111,276
7 years$132,184$123,310$115,013$107,260$100,022$88,811
8 years$114,493$105,699$97,540$89,978$82,978$72,267
9 years$100,741$92,030$84,011$76,641$69,879$59,663
10 years$89,746$81,120$73,243$66,065$59,541$49,812
11 years$80,756$72,217$64,482$57,497$51,207$41,956
12 years$73,269$64,818$57,226$50,432$44,375$35,590
13 years$66,939$58,576$51,128$44,524$38,696$30,366
14 years$61,518$53,244$45,938$39,524$33,920$26,033
15 years$56,825$48,640$41,476$35,248$29,866$22,407
16 years$52,721$44,626$37,604$31,561$26,396$19,350
17 years$49,105$41,099$34,218$28,357$23,404$16,758
18 years$45,894$37,977$31,237$25,556$20,810$14,548
19 years$43,024$35,197$28,596$23,092$18,548$12,655
20 years$40,444$32,707$26,244$20,914$16,568$11,028
21 years$38,113$30,465$24,139$18,981$14,826$9,625
22 years$35,997$28,438$22,248$17,258$13,290$8,411
23 years$34,068$26,597$20,542$15,717$11,930$7,359
24 years$32,302$24,920$18,998$14,335$10,723$6,445
25 years$30,680$23,386$17,596$13,091$9,649$5,649
26 years$29,185$21,979$16,319$11,970$8,691$4,955
27 years$27,803$20,685$15,154$10,957$7,836$4,349
28 years$26,523$19,491$14,088$10,039$7,070$3,820
29 years$25,332$18,388$13,110$9,206$6,384$3,356
30 years$24,223$17,365$12,211$8,448$5,769$2,950
31 years$23,188$16,416$11,384$7,759$5,215$2,594
32 years$22,219$15,533$10,622$7,131$4,718$2,282
33 years$21,311$14,710$9,917$6,557$4,270$2,008
34 years$20,458$13,942$9,266$6,033$3,866$1,768
35 years$19,656$13,223$8,663$5,554$3,501$1,556
36 years$18,900$12,551$8,104$5,115$3,172$1,370
37 years$18,186$11,921$7,586$4,713$2,875$1,207
38 years$17,512$11,329$7,104$4,344$2,607$1,063
39 years$16,874$10,773$6,655$4,005$2,364$936
40 years$16,269$10,249$6,238$3,694$2,144$825
41 years$15,695$9,756$5,849$3,409$1,945$727
42 years$15,150$9,292$5,487$3,146$1,765$641
43 years$14,632$8,853$5,149$2,904$1,602$565
44 years$14,139$8,439$4,833$2,681$1,454$498
45 years$13,669$8,047$4,538$2,476$1,320$439
46 years$13,221$7,677$4,262$2,287$1,198$387
47 years$12,793$7,326$4,004$2,113$1,088$341
48 years$12,384$6,994$3,763$1,953$988$300
49 years$11,993$6,678$3,537$1,805$898$265
50 years$11,619$6,379$3,325$1,668$815$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $11,900,000, adding $6,053 every year, while hoping to spend $39,915 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: 67/17/16 Blend
58$11,900,000$11,900,000$11,900,000$11,900,000
59$13,120,044$12,489,344$12,304,894$13,948,503
60$14,415,819$13,058,852$12,674,638$15,071,923
61$15,842,425$13,654,929$13,055,432$16,294,620
62$17,413,166$14,278,834$13,447,602$17,630,583
63$19,142,698$14,931,886$13,851,486$19,090,928
64$21,047,175$15,615,470$14,267,432$20,687,884
65$23,144,394$16,331,035$14,695,798$22,434,911
66$25,453,967$17,080,100$15,136,952$24,346,819
67$27,997,505$17,864,259$15,591,273$26,439,912
68$30,798,822$18,685,179$16,059,152$28,732,136
69$33,884,158$19,544,609$16,540,991$31,243,243
70$37,282,430$20,444,383$17,037,202$33,994,979
71$41,025,502$21,386,422$17,548,212$37,011,283
72$45,148,486$22,372,739$18,074,460$40,318,511
73$49,690,073$23,405,444$18,616,396$43,945,682
74$54,692,899$24,486,750$19,174,484$47,924,748
75$60,203,949$25,618,975$19,749,203$52,290,891
76$66,274,996$26,804,549$20,341,046$57,082,853
77$72,963,092$28,046,019$20,950,517$62,343,296
78$80,331,108$29,346,053$21,578,140$68,119,201
79$88,448,323$30,707,452$22,224,449$74,462,309
80$97,391,082$32,133,148$22,889,999$81,429,604
81$107,243,515$33,626,215$23,575,357$89,083,843
82$118,098,331$35,189,877$24,281,108$97,494,149
83$130,057,691$36,827,511$25,007,856$106,736,654
84$143,234,176$38,542,659$25,756,219$116,895,216
85$157,751,846$40,339,034$26,526,837$128,062,200
86$173,747,414$42,220,526$27,320,365$140,339,350
87$191,371,533$44,191,215$28,137,481$153,838,739
88$210,790,222$46,255,377$28,978,879$168,683,823
89$232,186,429$48,417,494$29,845,275$185,010,598
90$255,761,761$50,682,268$30,737,408$202,968,878
91$281,738,384$53,054,623$31,656,035$222,723,703
92$310,361,124$55,539,724$32,601,937$244,456,886
93$341,899,775$58,142,986$33,575,918$268,368,727
94$376,651,645$60,870,086$34,578,804$294,679,889
95$414,944,365$63,726,973$35,611,447$323,633,478
96$457,138,983$66,719,887$36,674,723$355,497,326
97$503,633,365$69,855,367$37,769,532$390,566,511
98$554,865,960$73,140,272$38,896,803$429,166,134
99$611,319,932$76,581,789$40,057,490$471,654,373
100$673,527,725$80,187,457$41,252,576$518,425,861