Can I retire at age 59 with 8,600,000?

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 $8,600,000?

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$710,180$703,854$697,682$691,658$685,776$662,235
2 years$351,574$345,026$338,681$332,528$326,560$303,082
3 years$232,055$225,479$219,149$213,054$207,183$184,506
4 years$172,307$165,751$159,484$153,493$147,765$126,062
5 years$136,467$129,951$123,766$117,898$112,328$91,658
6 years$112,582$106,114$100,022$94,284$88,882$69,259
7 years$95,528$89,115$83,118$77,516$72,285$53,706
8 years$82,743$76,388$70,491$65,026$59,967$42,419
9 years$72,804$66,509$60,714$55,388$50,501$33,961
10 years$64,858$58,625$52,932$47,745$43,029$27,470
11 years$58,361$52,190$46,600$41,552$37,007$22,397
12 years$52,951$46,843$41,357$36,447$32,069$18,376
13 years$48,376$42,332$36,949$32,177$27,965$15,153
14 years$44,459$38,479$33,199$28,563$24,514$12,545
15 years$41,066$35,151$29,974$25,473$21,584$10,420
16 years$38,101$32,251$27,176$22,809$19,076$8,678
17 years$35,488$29,702$24,729$20,493$16,914$7,243
18 years$33,167$27,446$22,575$18,469$15,039$6,056
19 years$31,093$25,436$20,666$16,688$13,405$5,072
20 years$29,229$23,637$18,966$15,114$11,973$4,252
21 years$27,544$22,017$17,445$13,717$10,715$3,569
22 years$26,015$20,552$16,078$12,472$9,604$2,998
23 years$24,621$19,222$14,846$11,359$8,621$2,521
24 years$23,344$18,009$13,730$10,360$7,749$2,120
25 years$22,172$16,901$12,716$9,461$6,973$1,784
26 years$21,092$15,884$11,794$8,651$6,281$1,502
27 years$20,093$14,949$10,952$7,918$5,663$1,265
28 years$19,168$14,086$10,181$7,255$5,110$1,066
29 years$18,307$13,289$9,474$6,653$4,614$899
30 years$17,506$12,550$8,825$6,106$4,169$757
31 years$16,758$11,864$8,227$5,607$3,769$639
32 years$16,058$11,225$7,676$5,153$3,409$538
33 years$15,401$10,631$7,167$4,739$3,086$454
34 years$14,785$10,076$6,697$4,360$2,794$383
35 years$14,205$9,556$6,261$4,014$2,530$323
36 years$13,659$9,070$5,857$3,697$2,293$272
37 years$13,143$8,615$5,482$3,406$2,078$230
38 years$12,656$8,187$5,134$3,139$1,884$194
39 years$12,195$7,785$4,810$2,895$1,708$164
40 years$11,758$7,407$4,508$2,670$1,549$138
41 years$11,343$7,051$4,227$2,463$1,406$116
42 years$10,949$6,715$3,965$2,273$1,276$98
43 years$10,575$6,398$3,721$2,099$1,158$83
44 years$10,218$6,099$3,493$1,938$1,051$70
45 years$9,878$5,816$3,279$1,790$954$59
46 years$9,554$5,548$3,080$1,653$866$50
47 years$9,245$5,294$2,894$1,527$786$42
48 years$8,950$5,054$2,719$1,411$714$35
49 years$8,667$4,826$2,556$1,304$649$30
50 years$8,397$4,610$2,403$1,205$589$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,600,000, adding $5,585 every year, while hoping to spend $21,150 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: 51/25/24 Blend
58$8,600,000$8,600,000$8,600,000$8,600,000
59$9,482,961$9,027,161$8,893,861$9,902,603
60$10,427,720$9,446,988$9,169,302$10,614,040
61$11,468,135$9,886,679$9,453,261$11,384,568
62$12,613,941$10,347,182$9,746,002$12,221,965
63$13,875,865$10,829,497$10,047,795$13,132,590
64$15,265,728$11,334,666$10,358,921$14,123,429
65$16,796,554$11,863,787$10,679,666$15,202,162
66$18,482,696$12,418,006$11,010,329$16,377,229
67$20,339,972$12,998,529$11,351,216$17,657,912
68$22,385,808$13,606,616$11,702,641$19,054,415
69$24,639,412$14,243,591$12,064,930$20,577,960
70$27,121,946$14,910,841$12,438,419$22,240,888
71$29,856,731$15,609,820$12,823,454$24,056,774
72$32,869,468$16,342,051$13,220,390$26,040,548
73$36,188,476$17,109,134$13,629,595$28,208,637
74$39,844,961$17,912,742$14,051,447$30,579,115
75$43,873,314$18,754,633$14,486,337$33,171,865
76$48,311,430$19,636,648$14,934,667$36,008,768
77$53,201,069$20,560,717$15,396,852$39,113,905
78$58,588,251$21,528,865$15,873,319$42,513,776
79$64,523,686$22,543,213$16,364,509$46,237,546
80$71,063,258$23,605,987$16,870,876$50,317,320
81$78,268,549$24,719,518$17,392,889$54,788,436
82$86,207,419$25,886,253$17,931,029$59,689,795
83$94,954,651$27,108,755$18,485,794$65,064,221
84$104,592,655$28,389,713$19,057,697$70,958,863
85$115,212,243$29,731,946$19,647,267$77,425,629
86$126,913,490$31,138,410$20,255,049$84,521,674
87$139,806,676$32,612,202$20,881,603$92,309,930
88$154,013,329$34,156,572$21,527,509$100,859,694
89$169,667,372$35,774,928$22,193,364$110,247,273
90$186,916,385$37,470,840$22,879,783$120,556,701
91$205,922,999$39,248,054$23,587,399$131,880,521
92$226,866,435$41,110,498$24,316,866$144,320,647
93$249,944,188$43,062,290$25,068,858$157,989,326
94$275,373,900$45,107,746$25,844,069$173,010,179
95$303,395,407$47,251,396$26,643,215$189,519,366
96$334,273,010$49,497,985$27,467,034$207,666,856
97$368,297,962$51,852,492$28,316,285$227,617,835
98$405,791,227$54,320,137$29,191,753$249,554,252
99$447,106,502$56,906,393$30,094,246$273,676,529
100$492,633,558$59,616,999$31,024,597$300,205,437