Can I retire at age 59 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$726,696$720,223$713,907$707,743$701,724$681,996
2 years$359,750$353,050$346,557$340,261$334,154$314,429
3 years$237,451$230,722$224,245$218,009$212,001$192,896
4 years$176,314$169,605$163,193$157,063$151,201$132,863
5 years$139,641$132,973$126,645$120,639$114,941$97,420
6 years$115,200$108,582$102,348$96,476$90,949$74,262
7 years$97,749$91,187$85,051$79,318$73,966$58,113
8 years$84,667$78,164$72,130$66,538$61,362$46,334
9 years$74,498$68,056$62,126$56,676$51,675$37,459
10 years$66,367$59,988$54,163$48,855$44,030$30,605
11 years$59,718$53,404$47,684$42,519$37,867$25,213
12 years$54,182$47,932$42,318$37,295$32,815$20,907
13 years$49,501$43,317$37,809$32,925$28,615$17,427
14 years$45,493$39,374$33,971$29,228$25,084$14,589
15 years$42,022$35,969$30,671$26,066$22,086$12,256
16 years$38,987$33,001$27,808$23,339$19,520$10,325
17 years$36,313$30,392$25,304$20,970$17,307$8,720
18 years$33,938$28,084$23,100$18,898$15,389$7,378
19 years$31,816$26,028$21,147$17,076$13,717$6,254
20 years$29,908$24,186$19,407$15,466$12,252$5,308
21 years$28,185$22,529$17,851$14,036$10,964$4,511
22 years$26,620$21,030$16,452$12,762$9,828$3,837
23 years$25,193$19,669$15,191$11,623$8,822$3,266
24 years$23,887$18,428$14,049$10,601$7,929$2,783
25 years$22,688$17,294$13,012$9,681$7,135$2,372
26 years$21,582$16,254$12,068$8,852$6,427$2,023
27 years$20,560$15,296$11,206$8,102$5,795$1,726
28 years$19,613$14,414$10,418$7,423$5,229$1,474
29 years$18,733$13,598$9,695$6,807$4,721$1,258
30 years$17,913$12,842$9,030$6,248$4,266$1,075
31 years$17,147$12,140$8,419$5,738$3,857$918
32 years$16,431$11,487$7,855$5,273$3,489$784
33 years$15,760$10,878$7,334$4,849$3,157$670
34 years$15,129$10,310$6,852$4,462$2,859$573
35 years$14,536$9,779$6,407$4,107$2,589$490
36 years$13,976$9,281$5,993$3,783$2,346$419
37 years$13,449$8,815$5,609$3,485$2,126$358
38 years$12,950$8,378$5,253$3,212$1,928$306
39 years$12,478$7,966$4,922$2,962$1,748$262
40 years$12,031$7,579$4,613$2,732$1,585$224
41 years$11,607$7,215$4,325$2,521$1,438$191
42 years$11,204$6,871$4,057$2,326$1,305$164
43 years$10,820$6,547$3,807$2,147$1,185$140
44 years$10,456$6,240$3,574$1,983$1,075$120
45 years$10,108$5,951$3,356$1,831$976$102
46 years$9,777$5,677$3,152$1,691$886$88
47 years$9,460$5,417$2,961$1,563$805$75
48 years$9,158$5,172$2,783$1,444$731$64
49 years$8,869$4,939$2,615$1,335$664$55
50 years$8,592$4,718$2,459$1,233$603$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $8,800,000, adding $4,945 every year, while hoping to spend $34,382 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: 89/5/6 Blend
58$8,800,000$8,800,000$8,800,000$8,800,000
59$9,702,701$9,236,301$9,099,901$10,564,458
60$10,655,794$9,652,297$9,368,165$11,541,657
61$11,704,951$10,087,525$9,644,264$12,610,707
62$12,859,932$10,542,891$9,928,424$13,785,108
63$14,131,496$11,019,343$10,220,877$15,075,474
64$15,531,495$11,517,877$10,521,862$16,493,497
65$17,072,989$12,039,535$10,831,626$18,052,057
66$18,770,370$12,585,408$11,150,422$19,765,342
67$20,639,495$13,156,641$11,478,509$21,648,981
68$22,697,840$13,754,432$11,816,155$23,720,192
69$24,964,659$14,380,039$12,163,635$25,997,944
70$27,461,170$15,034,777$12,521,233$28,503,133
71$30,210,754$15,720,025$12,889,239$31,258,781
72$33,239,174$16,437,230$13,267,952$34,290,251
73$36,574,822$17,187,906$13,657,680$37,625,487
74$40,248,981$17,973,641$14,058,740$41,295,274
75$44,296,126$18,796,098$14,471,456$45,333,532
76$48,754,244$19,657,020$14,896,163$49,777,632
77$53,665,197$20,558,235$15,333,205$54,668,747
78$59,075,116$21,501,656$15,782,936$60,052,243
79$65,034,832$22,489,292$16,245,719$65,978,104
80$71,600,362$23,523,245$16,721,928$72,501,403
81$78,833,434$24,605,718$17,211,947$79,682,821
82$86,802,069$25,739,023$17,716,172$87,589,217
83$95,581,224$26,925,579$18,235,008$96,294,263
84$105,253,502$28,167,926$18,768,873$105,879,129
85$115,909,926$29,468,721$19,318,198$116,433,258
86$127,650,803$30,830,753$19,883,422$128,055,202
87$140,586,669$32,256,944$20,465,001$140,853,554
88$154,839,331$33,750,356$21,063,400$154,947,970
89$170,543,019$35,314,199$21,679,100$170,470,297
90$187,845,650$36,951,838$22,312,593$187,565,818
91$206,910,227$38,666,799$22,964,386$206,394,620
92$227,916,378$40,462,780$23,635,000$227,133,104
93$251,062,047$42,343,655$24,324,971$249,975,646
94$276,565,367$44,313,485$25,034,849$275,136,435
95$304,666,719$46,376,530$25,765,201$302,851,489
96$335,630,996$48,537,252$26,516,607$333,380,883
97$369,750,110$50,800,330$27,289,666$367,011,199
98$407,345,744$53,170,668$28,084,992$404,058,232
99$448,772,387$55,653,409$28,903,217$444,869,970
100$494,420,686$58,253,941$29,744,990$489,829,872