Can I retire at age 59 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$693,664$687,485$681,457$675,573$669,828$650,734
2 years$343,398$337,003$330,804$324,795$318,966$299,877
3 years$226,658$220,235$214,052$208,099$202,365$183,880
4 years$168,299$161,896$155,775$149,924$144,328$126,589
5 years$133,293$126,928$120,888$115,156$109,716$92,771
6 years$109,964$103,647$97,695$92,091$86,815$70,679
7 years$93,306$87,042$81,185$75,713$70,604$55,278
8 years$80,819$74,611$68,852$63,514$58,572$44,048
9 years$71,111$64,963$59,302$54,100$49,326$35,589
10 years$63,350$57,261$51,701$46,634$42,029$29,060
11 years$57,004$50,976$45,517$40,586$36,146$23,924
12 years$51,719$45,754$40,395$35,599$31,323$19,825
13 years$47,251$41,348$36,090$31,429$27,315$16,514
14 years$43,425$37,584$32,427$27,899$23,944$13,815
15 years$40,111$34,334$29,277$24,881$21,082$11,597
16 years$37,215$31,501$26,544$22,278$18,632$9,764
17 years$34,662$29,011$24,154$20,017$16,521$8,239
18 years$32,396$26,807$22,050$18,039$14,689$6,967
19 years$30,370$24,845$20,185$16,300$13,093$5,900
20 years$28,549$23,087$18,525$14,763$11,695$5,004
21 years$26,904$21,505$17,040$13,398$10,466$4,249
22 years$25,410$20,074$15,705$12,182$9,381$3,612
23 years$24,048$18,775$14,500$11,094$8,421$3,072
24 years$22,802$17,591$13,410$10,119$7,569$2,615
25 years$21,656$16,508$12,421$9,241$6,811$2,228
26 years$20,601$15,515$11,520$8,449$6,135$1,898
27 years$19,626$14,601$10,697$7,734$5,531$1,619
28 years$18,722$13,759$9,944$7,086$4,991$1,380
29 years$17,882$12,980$9,254$6,498$4,507$1,178
30 years$17,099$12,258$8,620$5,964$4,072$1,005
31 years$16,368$11,588$8,036$5,477$3,682$858
32 years$15,684$10,964$7,498$5,034$3,330$732
33 years$15,043$10,383$7,001$4,629$3,014$625
34 years$14,441$9,841$6,541$4,259$2,729$534
35 years$13,875$9,334$6,115$3,921$2,471$456
36 years$13,341$8,860$5,721$3,611$2,239$390
37 years$12,837$8,415$5,354$3,327$2,030$333
38 years$12,361$7,997$5,014$3,066$1,840$284
39 years$11,911$7,604$4,698$2,827$1,669$243
40 years$11,484$7,235$4,403$2,608$1,513$208
41 years$11,079$6,887$4,129$2,406$1,373$177
42 years$10,694$6,559$3,873$2,221$1,246$152
43 years$10,329$6,249$3,634$2,050$1,131$130
44 years$9,980$5,957$3,411$1,893$1,026$111
45 years$9,649$5,680$3,203$1,748$932$95
46 years$9,332$5,419$3,009$1,615$846$81
47 years$9,030$5,171$2,826$1,492$768$69
48 years$8,741$4,937$2,656$1,378$698$59
49 years$8,465$4,714$2,497$1,274$634$50
50 years$8,201$4,503$2,347$1,177$575$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,400,000, adding $4,581 every year, while hoping to spend $41,324 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: 37/46/17 Blend
58$8,400,000$8,400,000$8,400,000$8,400,000
59$9,261,525$8,816,325$8,686,125$9,556,321
60$10,162,232$9,204,357$8,933,142$10,157,428
61$11,153,427$9,610,017$9,187,049$10,802,027
62$12,244,294$10,034,126$9,448,033$11,497,414
63$13,444,957$10,477,542$9,716,286$12,248,166
64$14,766,566$10,941,166$9,992,006$13,059,299
65$16,221,412$11,425,939$10,275,395$13,936,314
66$17,823,036$11,932,849$10,566,660$14,885,245
67$19,586,356$12,462,930$10,866,013$15,912,711
68$21,527,814$13,017,263$11,173,675$17,025,978
69$23,665,526$13,596,984$11,489,868$18,233,017
70$26,019,454$14,203,280$11,814,822$19,542,584
71$28,611,593$14,837,396$12,148,774$20,964,287
72$31,466,183$15,500,636$12,491,965$22,508,683
73$34,609,931$16,194,365$12,844,644$24,187,363
74$38,072,269$16,920,014$13,207,064$26,013,064
75$41,885,628$17,679,081$13,579,488$27,999,777
76$46,085,743$18,473,138$13,962,182$30,162,879
77$50,711,996$19,303,828$14,355,422$32,519,269
78$55,807,779$20,172,876$14,759,489$35,087,521
79$61,420,912$21,082,086$15,174,671$37,888,056
80$67,604,088$22,033,351$15,601,265$40,943,322
81$74,415,373$23,028,653$16,039,575$44,278,007
82$81,918,752$24,070,068$16,489,912$47,919,257
83$90,184,735$25,159,772$16,952,595$51,896,927
84$99,291,023$26,300,046$17,427,952$56,243,856
85$109,323,236$27,493,277$17,916,317$60,996,168
86$120,375,728$28,741,969$18,418,035$66,193,603
87$132,552,472$30,048,745$18,933,459$71,879,882
88$145,968,044$31,416,353$19,462,950$78,103,113
89$160,748,703$32,847,674$20,006,878$84,916,232
90$177,033,586$34,345,725$20,565,623$92,377,492
91$194,976,014$35,913,668$21,139,574$100,551,006
92$214,744,948$37,554,818$21,729,130$109,507,332
93$236,526,577$39,272,648$22,334,700$119,324,138
94$260,526,077$41,070,798$22,956,702$130,086,910
95$286,969,551$42,953,081$23,595,566$141,889,756
96$316,106,159$44,923,495$24,251,730$154,836,276
97$348,210,470$46,986,229$24,925,647$169,040,522
98$383,585,058$49,145,675$25,617,776$184,628,067
99$422,563,353$51,406,432$26,328,590$201,737,166
100$465,512,792$53,773,324$27,058,575$220,520,051