Can I retire at age 59 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$677,148$671,117$665,232$659,488$653,880$633,202
2 years$335,222$328,979$322,928$317,062$311,371$290,726
3 years$221,261$214,991$208,956$203,144$197,547$177,582
4 years$164,292$158,041$152,066$146,354$140,892$121,761
5 years$130,120$123,906$118,010$112,414$107,104$88,857
6 years$107,345$101,179$95,369$89,898$84,748$67,401
7 years$91,085$84,970$79,252$73,910$68,922$52,475
8 years$78,894$72,835$67,212$62,002$57,178$41,618
9 years$69,418$63,416$57,890$52,812$48,152$33,462
10 years$61,842$55,898$50,470$45,524$41,028$27,187
11 years$55,647$49,763$44,433$39,620$35,285$22,267
12 years$50,488$44,664$39,433$34,752$30,578$18,354
13 years$46,126$40,363$35,231$30,681$26,664$15,207
14 years$42,391$36,689$31,655$27,235$23,374$12,651
15 years$39,156$33,516$28,580$24,289$20,580$10,560
16 years$36,329$30,751$25,912$21,748$18,189$8,840
17 years$33,837$28,320$23,579$19,540$16,127$7,416
18 years$31,624$26,169$21,525$17,610$14,340$6,233
19 years$29,647$24,253$19,705$15,912$12,781$5,248
20 years$27,869$22,537$18,084$14,411$11,416$4,424
21 years$26,263$20,993$16,634$13,079$10,216$3,733
22 years$24,805$19,596$15,331$11,892$9,158$3,153
23 years$23,475$18,328$14,155$10,830$8,220$2,665
24 years$22,259$17,172$13,091$9,878$7,389$2,255
25 years$21,141$16,115$12,125$9,021$6,649$1,908
26 years$20,111$15,145$11,245$8,248$5,989$1,616
27 years$19,159$14,254$10,442$7,550$5,400$1,369
28 years$18,276$13,431$9,707$6,917$4,872$1,160
29 years$17,456$12,671$9,034$6,343$4,399$983
30 years$16,692$11,966$8,414$5,822$3,975$833
31 years$15,978$11,312$7,845$5,347$3,594$707
32 years$15,311$10,703$7,319$4,914$3,251$599
33 years$14,685$10,136$6,834$4,519$2,942$508
34 years$14,097$9,607$6,385$4,157$2,664$431
35 years$13,544$9,112$5,970$3,827$2,413$366
36 years$13,023$8,649$5,585$3,525$2,186$310
37 years$12,532$8,214$5,227$3,248$1,981$263
38 years$12,067$7,806$4,895$2,993$1,796$224
39 years$11,627$7,423$4,586$2,760$1,629$190
40 years$11,211$7,062$4,298$2,546$1,477$161
41 years$10,815$6,723$4,031$2,349$1,340$137
42 years$10,440$6,403$3,781$2,168$1,216$116
43 years$10,083$6,100$3,548$2,001$1,104$98
44 years$9,743$5,815$3,330$1,848$1,002$84
45 years$9,419$5,545$3,127$1,706$910$71
46 years$9,110$5,290$2,937$1,576$826$60
47 years$8,815$5,048$2,759$1,456$750$51
48 years$8,533$4,819$2,593$1,346$681$43
49 years$8,264$4,602$2,437$1,244$619$37
50 years$8,006$4,396$2,291$1,149$562$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,200,000, adding $4,740 every year, while hoping to spend $53,369 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: 40/49/11 Blend
58$8,200,000$8,200,000$8,200,000$8,200,000
59$9,041,289$8,606,689$8,479,589$9,372,992
60$9,906,717$8,971,633$8,706,871$9,972,120
61$10,858,629$9,352,670$8,939,979$10,614,203
62$11,905,791$9,750,533$9,179,050$11,307,603
63$13,057,861$10,165,988$9,424,227$12,056,986
64$14,325,478$10,599,837$9,675,654$12,867,473
65$15,720,368$11,052,920$9,933,480$13,744,679
66$17,255,447$11,526,115$10,197,853$14,694,767
67$18,944,950$12,020,342$10,468,929$15,724,503
68$20,804,561$12,536,564$10,746,863$16,841,311
69$22,851,558$13,075,788$11,031,816$18,053,347
70$25,104,985$13,639,070$11,323,950$19,369,563
71$27,585,823$14,227,514$11,623,431$20,799,796
72$30,317,190$14,842,275$11,930,429$22,354,849
73$33,324,561$15,484,564$12,245,116$24,046,594
74$36,636,007$16,155,649$12,567,669$25,888,077
75$40,282,460$16,856,855$12,898,265$27,893,633
76$44,298,002$17,589,573$13,237,089$30,079,023
77$48,720,192$18,355,255$13,584,325$32,461,569
78$53,590,415$19,155,426$13,940,162$35,060,320
79$58,954,274$19,991,679$14,304,795$37,896,219
80$64,862,022$20,865,683$14,678,418$40,992,298
81$71,369,035$21,779,188$15,061,232$44,373,888
82$78,536,333$22,734,025$15,453,439$48,068,851
83$86,431,156$23,732,109$15,855,246$52,107,836
84$95,127,600$24,775,449$16,266,863$56,524,560
85$104,707,317$25,866,147$16,688,505$61,356,121
86$115,260,280$27,006,406$17,120,387$66,643,337
87$126,885,640$28,198,531$17,562,731$72,431,122
88$139,692,654$29,444,937$18,015,761$78,768,905
89$153,801,721$30,748,155$18,479,705$85,711,084
90$169,345,516$32,110,834$18,954,795$93,317,531
91$186,470,242$33,535,749$19,441,264$101,654,146
92$205,337,012$35,025,806$19,939,352$110,793,468
93$226,123,368$36,584,051$20,449,300$120,815,351
94$249,024,954$38,213,672$20,971,354$131,807,702
95$274,257,367$39,918,009$21,505,762$143,867,302
96$302,058,190$41,700,564$22,052,777$157,100,706
97$332,689,234$43,565,000$22,612,654$171,625,233
98$366,439,009$45,515,159$23,185,652$187,570,062
99$403,625,450$47,555,062$23,772,032$205,077,437
100$444,598,911$49,688,926$24,372,060$224,303,990