Can I retire at age 59 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$652,375$646,564$640,894$635,360$629,957$622,602
2 years$322,958$316,943$311,114$305,462$299,980$292,576
3 years$213,166$207,126$201,311$195,712$190,319$183,097
4 years$158,282$152,259$146,503$141,000$135,737$128,753
5 years$125,359$119,373$113,692$108,301$103,185$96,459
6 years$103,418$97,477$91,880$86,609$81,647$75,186
7 years$87,752$81,861$76,353$71,206$66,401$60,209
8 years$76,008$70,170$64,753$59,733$55,086$49,162
9 years$66,878$61,096$55,772$50,879$46,390$40,732
10 years$59,579$53,853$48,623$43,859$39,527$34,130
11 years$53,611$47,942$42,807$38,170$33,994$28,855
12 years$48,641$43,030$37,990$33,480$29,459$24,571
13 years$44,439$38,887$33,942$29,558$25,689$21,047
14 years$40,840$35,347$30,497$26,238$22,519$18,115
15 years$37,724$32,290$27,535$23,400$19,827$15,656
16 years$35,000$29,626$24,964$20,952$17,523$13,577
17 years$32,599$27,284$22,716$18,825$15,537$11,808
18 years$30,467$25,212$20,737$16,965$13,815$10,295
19 years$28,562$23,366$18,984$15,330$12,314$8,995
20 years$26,850$21,713$17,422$13,884$10,999$7,873
21 years$25,302$20,225$16,025$12,601$9,843$6,902
22 years$23,897$18,879$14,770$11,457$8,823$6,060
23 years$22,617$17,657$13,637$10,434$7,920$5,326
24 years$21,444$16,544$12,612$9,516$7,118$4,686
25 years$20,367$15,525$11,681$8,691$6,405$4,127
26 years$19,375$14,591$10,834$7,947$5,770$3,637
27 years$18,458$13,732$10,060$7,274$5,202$3,208
28 years$17,607$12,940$9,352$6,664$4,694$2,831
29 years$16,817$12,207$8,703$6,111$4,238$2,500
30 years$16,081$11,528$8,107$5,609$3,830$2,208
31 years$15,394$10,898$7,558$5,151$3,462$1,951
32 years$14,751$10,312$7,051$4,734$3,132$1,725
33 years$14,148$9,765$6,584$4,353$2,834$1,526
34 years$13,582$9,255$6,152$4,005$2,566$1,350
35 years$13,049$8,779$5,751$3,687$2,324$1,194
36 years$12,547$8,332$5,380$3,396$2,106$1,057
37 years$12,073$7,914$5,036$3,129$1,909$936
38 years$11,626$7,521$4,716$2,884$1,730$828
39 years$11,202$7,152$4,418$2,659$1,569$733
40 years$10,801$6,804$4,141$2,453$1,423$650
41 years$10,420$6,477$3,883$2,263$1,291$575
42 years$10,058$6,168$3,642$2,088$1,172$510
43 years$9,714$5,877$3,418$1,928$1,063$451
44 years$9,386$5,602$3,208$1,780$965$400
45 years$9,074$5,342$3,013$1,644$876$354
46 years$8,777$5,096$2,829$1,518$796$314
47 years$8,493$4,863$2,658$1,403$722$278
48 years$8,221$4,643$2,498$1,296$656$247
49 years$7,962$4,434$2,348$1,198$596$219
50 years$7,713$4,235$2,207$1,107$541$194

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,900,000, adding $5,249 every year, while hoping to spend $56,759 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: 36/35/29 Blend
58$7,900,000$7,900,000$7,900,000$7,900,000
59$8,711,214$8,292,514$8,170,064$8,948,856
60$9,539,367$8,638,456$8,383,370$9,472,529
61$10,450,089$8,999,447$8,601,920$10,031,992
62$11,451,742$9,376,165$8,825,828$10,634,913
63$12,553,540$9,769,317$9,055,214$11,285,243
64$13,765,634$10,179,646$9,290,196$11,987,318
65$15,099,207$10,607,927$9,530,896$12,745,895
66$16,566,584$11,054,973$9,777,439$13,566,199
67$18,181,342$11,521,633$10,029,949$14,453,967
68$19,958,441$12,008,795$10,288,555$15,415,498
69$21,914,366$12,517,391$10,553,386$16,457,712
70$24,067,281$13,048,393$10,824,574$17,588,213
71$26,437,200$13,602,819$11,102,253$18,815,354
72$29,046,174$14,181,737$11,386,558$20,148,317
73$31,918,504$14,786,262$11,677,628$21,597,192
74$35,080,964$15,417,562$11,975,601$23,173,073
75$38,563,058$16,076,859$12,280,620$24,888,156
76$42,397,297$16,765,432$12,592,828$26,755,851
77$46,619,504$17,484,621$12,912,370$28,790,905
78$51,269,153$18,235,826$13,239,394$31,009,538
79$56,389,741$19,020,517$13,574,048$33,429,589
80$62,029,201$19,840,228$13,916,485$36,070,684
81$68,240,348$20,696,567$14,266,855$38,954,411
82$75,081,383$21,591,219$14,625,315$42,104,525
83$82,616,440$22,525,945$14,992,019$45,547,164
84$90,916,191$23,502,590$15,367,125$49,311,088
85$100,058,511$24,523,086$15,750,793$53,427,951
86$110,129,218$25,589,456$16,143,184$57,932,587
87$121,222,877$26,703,818$16,544,458$62,863,340
88$133,443,693$27,868,388$16,954,781$68,262,414
89$146,906,500$29,085,489$17,374,316$74,176,266
90$161,737,836$30,357,551$17,803,229$80,656,041
91$178,077,146$31,687,121$18,241,687$87,758,042
92$196,078,089$33,076,865$18,689,858$95,544,261
93$215,909,997$34,529,574$19,147,911$104,082,949
94$237,759,465$36,048,171$19,616,015$113,449,258
95$261,832,119$37,635,720$20,094,339$123,725,937
96$288,354,551$39,295,426$20,583,055$135,004,111
97$317,576,460$41,030,647$21,082,333$147,384,124
98$349,773,012$42,844,901$21,592,344$160,976,483
99$385,247,430$44,741,872$22,113,258$175,902,885
100$424,333,862$46,725,418$22,645,247$192,297,364