Can I retire at age 59 with 8,100,000?

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 $8,100,000?

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$668,890$662,932$657,119$651,446$645,905$629,524
2 years$331,134$324,967$318,990$313,195$307,574$291,177
3 years$218,563$212,369$206,408$200,667$195,138$179,237
4 years$162,289$156,114$150,212$144,569$139,174$123,892
5 years$128,533$122,395$116,571$111,043$105,798$91,177
6 years$106,036$99,945$94,206$88,802$83,714$69,770
7 years$89,974$83,934$78,286$73,009$68,082$54,815
8 years$77,932$71,947$66,393$61,245$56,481$43,884
9 years$68,572$62,642$57,184$52,168$47,565$35,629
10 years$61,087$55,216$49,854$44,969$40,528$29,238
11 years$54,968$49,156$43,891$39,136$34,855$24,194
12 years$49,872$44,120$38,952$34,328$30,205$20,155
13 years$45,564$39,871$34,801$30,306$26,339$16,880
14 years$41,874$36,242$31,269$26,903$23,089$14,199
15 years$38,679$33,108$28,232$23,992$20,329$11,987
16 years$35,886$30,376$25,596$21,483$17,967$10,149
17 years$33,424$27,975$23,291$19,302$15,931$8,615
18 years$31,239$25,850$21,262$17,395$14,165$7,327
19 years$29,285$23,957$19,464$15,718$12,625$6,243
20 years$27,529$22,262$17,863$14,236$11,277$5,327
21 years$25,943$20,737$16,431$12,920$10,092$4,552
22 years$24,502$19,357$15,144$11,747$9,046$3,893
23 years$23,189$18,104$13,983$10,698$8,120$3,332
24 years$21,987$16,962$12,931$9,757$7,299$2,855
25 years$20,883$15,918$11,977$8,911$6,568$2,447
26 years$19,866$14,961$11,108$8,148$5,916$2,099
27 years$18,925$14,080$10,315$7,458$5,334$1,801
28 years$18,053$13,267$9,589$6,833$4,813$1,546
29 years$17,243$12,516$8,923$6,266$4,346$1,328
30 years$16,488$11,820$8,312$5,751$3,927$1,141
31 years$15,783$11,174$7,749$5,281$3,550$980
32 years$15,124$10,573$7,230$4,854$3,211$842
33 years$14,506$10,013$6,751$4,463$2,906$724
34 years$13,925$9,490$6,307$4,107$2,631$623
35 years$13,379$9,001$5,897$3,781$2,383$535
36 years$12,865$8,543$5,516$3,482$2,159$460
37 years$12,379$8,114$5,163$3,208$1,957$396
38 years$11,920$7,711$4,835$2,957$1,774$341
39 years$11,486$7,333$4,530$2,726$1,609$293
40 years$11,074$6,976$4,246$2,515$1,459$252
41 years$10,683$6,641$3,981$2,320$1,324$217
42 years$10,312$6,325$3,735$2,141$1,201$186
43 years$9,960$6,026$3,504$1,977$1,090$160
44 years$9,624$5,744$3,290$1,825$990$138
45 years$9,304$5,477$3,089$1,685$898$119
46 years$8,999$5,225$2,901$1,557$816$102
47 years$8,708$4,987$2,726$1,438$741$88
48 years$8,429$4,760$2,561$1,329$673$76
49 years$8,163$4,546$2,407$1,228$611$65
50 years$7,908$4,342$2,263$1,135$555$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,100,000, adding $5,870 every year, while hoping to spend $29,034 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: 70/6/24 Blend
58$8,100,000$8,100,000$8,100,000$8,100,000
59$8,932,255$8,502,955$8,377,405$9,502,950
60$9,812,453$8,888,708$8,627,156$10,271,206
61$10,781,458$9,292,389$8,884,301$11,107,967
62$11,848,298$9,714,848$9,149,056$12,023,269
63$13,022,920$10,156,971$9,421,645$13,024,898
64$14,316,286$10,619,690$9,702,298$14,121,425
65$15,740,473$11,103,982$9,991,251$15,322,288
66$17,308,792$11,610,867$10,288,748$16,637,876
67$19,035,906$12,141,417$10,595,039$18,079,634
68$20,937,977$12,696,755$10,910,382$19,660,162
69$23,032,813$13,278,058$11,235,041$21,393,336
70$25,340,035$13,886,558$11,569,290$23,294,440
71$27,881,267$14,523,547$11,913,410$25,380,303
72$30,680,335$15,190,381$12,267,688$27,669,463
73$33,763,497$15,888,477$12,632,424$30,182,337
74$37,159,685$16,619,324$13,007,921$32,941,415
75$40,900,782$17,384,480$13,394,496$35,971,466
76$45,021,922$18,185,579$13,792,471$39,299,775
77$49,561,819$19,024,334$14,202,180$42,956,400
78$54,563,138$19,902,539$14,623,966$46,974,446
79$60,072,890$20,822,075$15,058,181$51,390,387
80$66,142,883$21,784,915$15,505,188$56,244,401
81$72,830,205$22,793,124$15,965,360$61,580,749
82$80,197,768$23,848,870$16,439,082$67,448,191
83$88,314,897$24,954,421$16,926,748$73,900,447
84$97,257,988$26,112,159$17,428,765$80,996,699
85$107,111,225$27,324,577$17,945,552$88,802,148
86$117,967,380$28,594,291$18,477,537$97,388,630
87$129,928,683$29,924,041$19,025,165$106,835,286
88$143,107,790$31,316,702$19,588,890$117,229,316
89$157,628,848$32,775,283$20,169,181$128,666,789
90$173,628,662$34,302,943$20,766,519$141,253,557
91$191,257,989$35,902,991$21,381,401$155,106,246
92$210,682,962$37,578,896$22,014,337$170,353,355
93$232,086,658$39,334,295$22,665,851$187,136,468
94$255,670,822$41,173,001$23,336,482$205,611,587
95$281,657,778$43,099,010$24,026,786$225,950,601
96$310,292,523$45,116,513$24,737,335$248,342,906
97$341,845,039$47,229,901$25,468,714$272,997,190
98$376,612,846$49,443,779$26,221,529$300,143,399
99$414,923,808$51,762,975$26,996,402$330,034,905
100$457,139,225$54,192,551$27,793,971$362,950,893