Can I retire at age 59 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$954,090
2 years$506,921$497,480$488,330$479,459$470,854$436,255
3 years$334,590$325,109$315,982$307,194$298,729$265,322
4 years$248,442$238,989$229,954$221,316$213,056$181,096
5 years$196,766$187,371$178,454$169,992$161,962$131,533
6 years$162,327$153,002$144,217$135,944$128,155$99,281
7 years$137,738$128,491$119,845$111,767$104,224$76,899
8 years$119,304$110,140$101,638$93,759$86,464$60,665
9 years$104,974$95,897$87,541$79,861$72,815$48,509
10 years$93,517$84,529$76,320$68,841$62,042$39,188
11 years$84,149$75,251$67,191$59,913$53,358$31,910
12 years$76,348$67,541$59,630$52,551$46,239$26,147
13 years$69,752$61,037$53,276$46,395$40,322$21,530
14 years$64,103$55,481$47,869$41,184$35,346$17,800
15 years$59,212$50,683$43,219$36,729$31,121$14,764
16 years$54,937$46,501$39,184$32,887$27,505$12,278
17 years$51,168$42,826$35,656$29,549$24,388$10,233
18 years$47,822$39,573$32,549$26,629$21,684$8,543
19 years$44,832$36,676$29,797$24,062$19,328$7,144
20 years$42,144$34,081$27,347$21,793$17,264$5,980
21 years$39,715$31,745$25,154$19,778$15,449$5,012
22 years$37,510$29,633$23,183$17,983$13,848$4,204
23 years$35,499$27,715$21,405$16,377$12,431$3,528
24 years$33,659$25,967$19,796$14,937$11,173$2,963
25 years$31,969$24,369$18,335$13,641$10,054$2,490
26 years$30,411$22,903$17,005$12,473$9,056$2,093
27 years$28,972$21,554$15,791$11,417$8,165$1,760
28 years$27,637$20,310$14,680$10,460$7,368$1,480
29 years$26,397$19,160$13,661$9,592$6,653$1,246
30 years$25,241$18,095$12,724$8,803$6,011$1,048
31 years$24,162$17,106$11,863$8,085$5,435$882
32 years$23,153$16,186$11,068$7,431$4,916$743
33 years$22,207$15,328$10,334$6,833$4,449$625
34 years$21,318$14,527$9,656$6,287$4,028$526
35 years$20,482$13,779$9,027$5,787$3,648$443
36 years$19,694$13,078$8,445$5,330$3,306$373
37 years$18,951$12,421$7,904$4,911$2,996$314
38 years$18,248$11,805$7,402$4,527$2,716$265
39 years$17,583$11,225$6,935$4,174$2,463$223
40 years$16,953$10,680$6,500$3,850$2,234$188
41 years$16,355$10,166$6,095$3,552$2,027$158
42 years$15,787$9,682$5,717$3,278$1,839$133
43 years$15,247$9,225$5,365$3,026$1,669$112
44 years$14,733$8,793$5,036$2,794$1,515$95
45 years$14,243$8,385$4,729$2,580$1,375$80
46 years$13,776$7,999$4,441$2,383$1,249$67
47 years$13,330$7,634$4,172$2,202$1,134$57
48 years$12,904$7,287$3,921$2,035$1,030$48
49 years$12,497$6,959$3,685$1,880$935$40
50 years$12,107$6,648$3,465$1,738$850$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,400,000, adding $2,565 every year, while hoping to spend $43,965 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: 76/19/5 Blend
58$12,400,000$12,400,000$12,400,000$12,400,000
59$13,667,446$13,010,246$12,818,046$14,701,970
60$15,014,747$13,600,969$13,200,672$15,972,245
61$16,497,999$14,219,165$13,594,642$17,358,200
62$18,131,023$14,866,132$14,000,291$18,875,933
63$19,929,048$15,543,233$14,417,961$20,538,490
64$21,908,854$16,251,895$14,848,006$22,360,226
65$24,088,932$16,993,612$15,290,789$24,356,945
66$26,489,657$17,769,954$15,746,685$26,546,044
67$29,133,482$18,582,561$16,216,078$28,946,673
68$32,045,145$19,433,155$16,699,365$31,579,918
69$35,251,910$20,323,539$17,196,954$34,468,990
70$38,783,817$21,255,605$17,709,264$37,639,449
71$42,673,969$22,231,333$18,236,728$41,119,436
72$46,958,845$23,252,798$18,779,788$44,939,939
73$51,678,639$24,322,178$19,338,903$49,135,081
74$56,877,647$25,441,751$19,914,544$53,742,438
75$62,604,680$26,613,910$20,507,193$58,803,391
76$68,913,523$27,841,157$21,117,350$64,363,514
77$75,863,448$29,126,120$21,745,527$70,472,997
78$83,519,769$30,471,549$22,392,252$77,187,116
79$91,954,460$31,880,329$23,058,066$84,566,756
80$101,246,832$33,355,483$23,743,530$92,678,974
81$111,484,287$34,900,179$24,449,216$101,597,629
82$122,763,136$36,517,740$25,175,716$111,404,079
83$135,189,513$38,211,645$25,923,639$122,187,937
84$148,880,372$39,985,545$26,693,610$134,047,916
85$163,964,598$41,843,264$27,486,273$147,092,754
86$180,584,214$43,788,812$28,302,292$161,442,233
87$198,895,732$45,826,392$29,142,346$177,228,307
88$219,071,620$47,960,408$30,007,138$194,596,337
89$241,301,937$50,195,480$30,897,389$213,706,459
90$265,796,124$52,536,448$31,813,841$234,735,087
91$292,784,982$54,988,388$32,757,258$257,876,573
92$322,522,850$57,556,618$33,728,426$283,345,033
93$355,290,005$60,246,717$34,728,152$311,376,356
94$391,395,309$63,064,529$35,757,269$342,230,431
95$431,179,124$66,016,185$36,816,631$376,193,584
96$475,016,526$69,108,109$37,907,120$413,581,273
97$523,320,842$72,347,037$39,029,639$454,741,059
98$576,547,557$75,740,031$40,185,120$500,055,875
99$635,198,608$79,294,492$41,374,522$549,947,629
100$699,827,127$83,018,183$42,598,829$604,881,179