Can I retire at age 59 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$644,117$638,379$632,782$627,318$621,983$600,632
2 years$318,870$312,931$307,176$301,595$296,182$274,889
3 years$210,468$204,504$198,763$193,235$187,910$167,343
4 years$156,278$150,332$144,648$139,215$134,019$114,336
5 years$123,772$117,862$112,253$106,930$101,879$83,131
6 years$102,109$96,243$90,717$85,513$80,614$62,816
7 years$86,641$80,825$75,386$70,305$65,560$48,711
8 years$75,046$69,282$63,934$58,977$54,389$38,473
9 years$66,032$60,322$55,066$50,235$45,803$30,802
10 years$58,825$53,171$48,008$43,303$39,027$24,915
11 years$52,932$47,335$42,265$37,687$33,564$20,314
12 years$48,025$42,486$37,509$33,057$29,086$16,667
13 years$43,876$38,395$33,512$29,184$25,364$13,743
14 years$40,323$34,900$30,111$25,906$22,234$11,378
15 years$37,246$31,881$27,186$23,104$19,576$9,450
16 years$34,557$29,251$24,648$20,687$17,301$7,871
17 years$32,186$26,939$22,429$18,587$15,341$6,569
18 years$30,082$24,893$20,475$16,751$13,640$5,493
19 years$28,201$23,070$18,744$15,136$12,158$4,600
20 years$26,510$21,438$17,202$13,708$10,860$3,857
21 years$24,982$19,969$15,822$12,441$9,718$3,237
22 years$23,595$18,640$14,583$11,312$8,711$2,719
23 years$22,330$17,434$13,465$10,302$7,819$2,286
24 years$21,173$16,334$12,453$9,396$7,028$1,923
25 years$20,110$15,329$11,534$8,581$6,324$1,618
26 years$19,130$14,407$10,697$7,846$5,697$1,363
27 years$18,224$13,558$9,933$7,182$5,136$1,148
28 years$17,384$12,776$9,234$6,580$4,634$967
29 years$16,604$12,053$8,593$6,034$4,185$815
30 years$15,877$11,382$8,004$5,538$3,781$687
31 years$15,199$10,760$7,462$5,086$3,419$579
32 years$14,564$10,181$6,962$4,674$3,092$488
33 years$13,969$9,642$6,501$4,298$2,799$412
34 years$13,410$9,138$6,074$3,955$2,534$347
35 years$12,884$8,667$5,678$3,640$2,295$293
36 years$12,388$8,227$5,312$3,353$2,079$247
37 years$11,921$7,813$4,972$3,089$1,885$208
38 years$11,479$7,426$4,656$2,847$1,709$176
39 years$11,060$7,061$4,362$2,625$1,549$148
40 years$10,664$6,718$4,089$2,422$1,405$125
41 years$10,288$6,395$3,834$2,234$1,275$106
42 years$9,931$6,090$3,596$2,062$1,157$89
43 years$9,591$5,803$3,375$1,903$1,050$75
44 years$9,268$5,531$3,168$1,757$953$63
45 years$8,959$5,275$2,974$1,623$865$54
46 years$8,666$5,032$2,794$1,499$786$45
47 years$8,385$4,802$2,625$1,385$713$38
48 years$8,117$4,584$2,466$1,280$648$32
49 years$7,861$4,377$2,318$1,183$588$27
50 years$7,616$4,182$2,179$1,093$534$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,800,000, adding $5,512 every year, while hoping to spend $24,790 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: 62/26/12 Blend
58$7,800,000$7,800,000$7,800,000$7,800,000
59$8,601,286$8,187,886$8,066,986$9,109,919
60$9,452,240$8,562,716$8,310,853$9,826,366
61$10,389,162$8,955,081$8,562,060$10,604,743
62$11,420,792$9,365,816$8,820,824$11,453,778
63$12,556,764$9,795,793$9,087,374$12,380,320
64$13,807,694$10,245,927$9,361,941$13,391,900
65$15,185,278$10,717,176$9,644,765$14,496,800
66$16,702,406$11,210,547$9,936,094$15,704,132
67$18,373,279$11,727,092$10,236,181$17,023,919
68$20,213,550$12,267,916$10,545,289$18,467,188
69$22,240,463$12,834,174$10,863,687$20,046,071
70$24,473,023$13,427,082$11,191,653$21,773,917
71$26,932,171$14,047,909$11,529,474$23,665,417
72$29,640,984$14,697,987$11,877,442$25,736,737
73$32,624,890$15,378,714$12,235,862$28,005,670
74$35,911,911$16,091,553$12,605,046$30,491,799
75$39,532,925$16,838,039$12,985,314$33,216,681
76$43,521,960$17,619,780$13,376,999$36,204,044
77$47,916,512$18,438,461$13,780,440$39,480,009
78$52,757,900$19,295,850$14,195,989$43,073,332
79$58,091,658$20,193,798$14,624,007$47,015,674
80$63,967,962$21,134,249$15,064,866$51,341,894
81$70,442,104$22,119,237$15,518,948$56,090,371
82$77,575,014$23,150,895$15,986,649$61,303,367
83$85,433,838$24,231,461$16,468,374$67,027,418
84$94,092,566$25,363,279$16,964,541$73,313,770
85$103,632,735$26,548,807$17,475,581$80,218,855
86$114,144,197$27,790,623$18,001,936$87,804,822
87$125,725,968$29,091,426$18,544,063$96,140,115
88$138,487,160$30,454,048$19,102,432$105,300,116
89$152,548,013$31,881,460$19,677,527$115,367,848
90$168,041,031$33,376,772$20,269,845$126,434,751
91$185,112,230$34,943,248$20,879,899$138,601,545
92$203,922,518$36,584,308$21,508,216$151,979,167
93$224,649,215$38,303,538$22,155,341$166,689,814
94$247,487,722$40,104,699$22,821,832$182,868,087
95$272,653,372$41,991,732$23,508,266$200,662,258
96$300,383,458$43,968,769$24,215,235$220,235,654
97$330,939,475$46,040,143$24,943,350$241,768,198
98$364,609,589$48,210,397$25,693,239$265,458,092
99$401,711,354$50,484,294$26,465,550$291,523,683
100$442,594,715$52,866,827$27,260,948$320,205,510