Can I retire at age 59 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$759,727$752,960$746,358$739,913$733,621$704,514
2 years$376,103$369,098$362,310$355,728$349,343$320,379
3 years$248,244$241,210$234,438$227,918$221,638$193,729
4 years$184,328$177,315$170,611$164,202$158,074$131,432
5 years$145,988$139,017$132,401$126,123$120,165$94,859
6 years$120,436$113,518$107,000$100,862$95,083$71,127
7 years$102,192$95,332$88,917$82,924$77,328$54,715
8 years$88,516$81,717$75,409$69,563$64,151$42,858
9 years$77,884$71,149$64,950$59,252$54,024$34,019
10 years$69,383$62,715$56,625$51,076$46,031$27,274
11 years$62,433$55,831$49,851$44,451$39,588$22,036
12 years$56,645$50,111$44,242$38,990$34,307$17,911
13 years$51,751$45,286$39,527$34,422$29,916$14,628
14 years$47,560$41,164$35,515$30,556$26,224$11,993
15 years$43,932$37,604$32,066$27,251$23,090$9,862
16 years$40,759$34,501$29,072$24,400$20,407$8,131
17 years$37,963$31,774$26,455$21,923$18,094$6,716
18 years$35,481$29,360$24,150$19,757$16,088$5,558
19 years$33,262$27,211$22,108$17,852$14,340$4,605
20 years$31,268$25,286$20,289$16,169$12,809$3,820
21 years$29,466$23,553$18,662$14,674$11,462$3,171
22 years$27,830$21,986$17,200$13,342$10,274$2,635
23 years$26,338$20,563$15,881$12,151$9,223$2,191
24 years$24,973$19,266$14,688$11,082$8,290$1,823
25 years$23,719$18,080$13,604$10,121$7,460$1,517
26 years$22,563$16,992$12,617$9,254$6,719$1,263
27 years$21,495$15,992$11,716$8,471$6,058$1,052
28 years$20,505$15,069$10,891$7,761$5,466$876
29 years$19,585$14,216$10,135$7,117$4,936$730
30 years$18,727$13,425$9,441$6,532$4,460$608
31 years$17,927$12,691$8,801$5,999$4,032$507
32 years$17,178$12,009$8,212$5,513$3,647$423
33 years$16,476$11,372$7,667$5,070$3,301$352
34 years$15,817$10,778$7,164$4,664$2,989$294
35 years$15,196$10,223$6,698$4,294$2,707$245
36 years$14,612$9,703$6,266$3,955$2,453$204
37 years$14,060$9,216$5,864$3,644$2,223$170
38 years$13,539$8,758$5,492$3,358$2,015$142
39 years$13,045$8,328$5,145$3,097$1,827$118
40 years$12,578$7,924$4,823$2,856$1,658$99
41 years$12,134$7,543$4,522$2,635$1,504$82
42 years$11,713$7,183$4,242$2,432$1,365$69
43 years$11,312$6,844$3,980$2,245$1,238$57
44 years$10,931$6,524$3,736$2,073$1,124$48
45 years$10,568$6,221$3,508$1,914$1,020$40
46 years$10,221$5,935$3,295$1,768$927$33
47 years$9,890$5,664$3,096$1,634$841$28
48 years$9,574$5,407$2,909$1,510$764$23
49 years$9,272$5,163$2,734$1,395$694$19
50 years$8,982$4,932$2,571$1,290$630$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,200,000, adding $4,834 every year, while hoping to spend $55,805 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: 72/20/8 Blend
58$9,200,000$9,200,000$9,200,000$9,200,000
59$10,143,386$9,655,786$9,513,186$10,860,074
60$11,118,636$10,069,544$9,772,502$11,747,653
61$12,191,490$10,501,705$10,038,634$12,711,730
62$13,371,846$10,953,113$10,311,753$13,765,725
63$14,670,609$11,424,650$10,592,031$14,918,488
64$16,099,792$11,917,239$10,879,645$16,179,761
65$17,672,635$12,431,848$11,174,778$17,560,266
66$19,403,724$12,969,488$11,477,613$19,071,804
67$21,309,132$13,531,221$11,788,340$20,727,366
68$23,406,566$14,118,154$12,107,153$22,541,252
69$25,715,542$14,731,450$12,434,249$24,529,206
70$28,257,561$15,372,324$12,769,830$26,708,559
71$31,056,316$16,042,052$13,114,103$29,098,396
72$34,137,913$16,741,965$13,467,278$31,719,726
73$37,531,119$17,473,460$13,829,570$34,595,687
74$41,267,633$18,237,999$14,201,201$37,751,754
75$45,382,384$19,037,114$14,582,393$41,215,981
76$49,913,861$19,872,407$14,973,378$45,019,263
77$54,904,477$20,745,557$15,374,388$49,195,624
78$60,400,967$21,658,322$15,785,664$53,782,534
79$66,454,831$22,612,545$16,207,448$58,821,261
80$73,122,817$23,610,153$16,639,991$64,357,258
81$80,467,459$24,653,165$17,083,546$70,440,587
82$88,557,668$25,743,698$17,538,372$77,126,390
83$97,469,378$26,883,967$18,004,735$84,475,402
84$107,286,265$28,076,292$18,482,904$92,554,526
85$118,100,537$29,323,104$18,973,155$101,437,455
86$130,013,804$30,626,948$19,475,768$111,205,369
87$143,138,035$31,990,492$19,991,030$121,947,693
88$157,596,617$33,416,528$20,519,231$133,762,935
89$173,525,517$34,907,983$21,060,670$146,759,618
90$191,074,567$36,467,921$21,615,650$161,057,292
91$210,408,878$38,099,554$22,184,479$176,787,662
92$231,710,396$39,806,246$22,767,472$194,095,825
93$255,179,624$41,591,519$23,364,950$213,141,632
94$281,037,508$43,459,066$23,977,238$234,101,194
95$309,527,527$45,412,753$24,604,669$257,168,536
96$340,917,991$47,456,634$25,247,581$282,557,423
97$375,504,569$49,594,952$25,906,318$310,503,373
98$413,613,086$51,832,156$26,581,231$341,265,868
99$455,602,594$54,172,905$27,272,676$375,130,803
100$501,868,763$56,622,081$27,981,014$412,413,173