Can I retire at age 59 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$767,985$761,144$754,470$747,956$741,595$715,852
2 years$380,191$373,110$366,248$359,594$353,141$327,471
3 years$250,943$243,832$236,987$230,396$224,047$199,258
4 years$186,331$179,242$172,466$165,987$159,792$136,072
5 years$147,575$140,528$133,840$127,494$121,471$98,884
6 years$121,745$114,752$108,163$101,958$96,116$74,678
7 years$103,303$96,368$89,884$83,825$78,168$57,876
8 years$89,478$82,605$76,229$70,319$64,848$45,685
9 years$78,730$71,923$65,656$59,896$54,611$36,553
10 years$70,137$63,396$57,240$51,631$46,532$29,548
11 years$63,111$56,438$50,393$44,934$40,019$24,076
12 years$57,261$50,656$44,723$39,414$34,679$19,741
13 years$52,314$45,778$39,957$34,796$30,241$16,266
14 years$48,077$41,611$35,901$30,888$26,509$13,458
15 years$44,409$38,012$32,414$27,547$23,341$11,170
16 years$41,203$34,876$29,388$24,665$20,629$9,296
17 years$38,376$32,119$26,742$22,162$18,291$7,753
18 years$35,867$29,680$24,412$19,972$16,263$6,478
19 years$33,624$27,507$22,348$18,046$14,496$5,421
20 years$31,608$25,561$20,510$16,344$12,948$4,542
21 years$29,786$23,809$18,865$14,834$11,587$3,809
22 years$28,132$22,225$17,387$13,487$10,386$3,197
23 years$26,625$20,786$16,054$12,283$9,323$2,686
24 years$25,245$19,475$14,847$11,203$8,380$2,257
25 years$23,977$18,277$13,752$10,231$7,541$1,898
26 years$22,809$17,177$12,754$9,355$6,792$1,597
27 years$21,729$16,166$11,843$8,563$6,124$1,344
28 years$20,728$15,233$11,010$7,845$5,526$1,131
29 years$19,797$14,370$10,245$7,194$4,990$953
30 years$18,931$13,571$9,543$6,603$4,508$802
31 years$18,122$12,829$8,897$6,064$4,076$676
32 years$17,365$12,139$8,301$5,573$3,687$569
33 years$16,655$11,496$7,751$5,125$3,337$480
34 years$15,988$10,896$7,242$4,715$3,021$404
35 years$15,361$10,334$6,771$4,341$2,736$341
36 years$14,771$9,809$6,334$3,998$2,479$287
37 years$14,213$9,316$5,928$3,683$2,247$242
38 years$13,686$8,854$5,551$3,395$2,037$204
39 years$13,187$8,419$5,201$3,130$1,847$172
40 years$12,715$8,010$4,875$2,887$1,676$145
41 years$12,266$7,625$4,571$2,664$1,520$122
42 years$11,840$7,261$4,288$2,458$1,379$103
43 years$11,435$6,919$4,024$2,269$1,252$87
44 years$11,050$6,595$3,777$2,095$1,136$73
45 years$10,682$6,289$3,546$1,935$1,032$62
46 years$10,332$5,999$3,331$1,788$937$52
47 years$9,998$5,725$3,129$1,651$850$44
48 years$9,678$5,466$2,941$1,526$772$37
49 years$9,372$5,219$2,764$1,410$701$31
50 years$9,080$4,986$2,599$1,304$637$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,300,000, adding $4,380 every year, while hoping to spend $23,191 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: 68/18/14 Blend
58$9,300,000$9,300,000$9,300,000$9,300,000
59$10,253,118$9,760,218$9,616,068$10,917,175
60$11,274,261$10,213,794$9,913,531$11,813,482
61$12,398,783$10,688,817$10,220,182$12,790,282
62$13,637,205$11,186,315$10,536,304$13,858,050
63$15,001,119$11,707,364$10,862,189$15,025,717
64$16,503,299$12,253,090$11,198,139$16,303,114
65$18,157,821$12,824,678$11,544,462$17,701,057
66$19,980,198$13,423,365$11,901,480$19,231,449
67$21,987,520$14,050,452$12,269,522$20,907,392
68$24,198,623$14,707,301$12,648,927$22,743,307
69$26,634,263$15,395,339$13,040,046$24,755,067
70$29,317,310$16,116,063$13,443,241$26,960,146
71$32,272,969$16,871,043$13,858,882$29,377,780
72$35,529,011$17,661,923$14,287,354$32,029,148
73$39,116,042$18,490,429$14,729,052$34,937,567
74$43,067,787$19,358,369$15,184,384$38,128,709
75$47,421,410$20,267,638$15,653,770$41,630,843
76$52,217,865$21,220,223$16,137,642$45,475,096
77$57,502,282$22,218,208$16,636,447$49,695,744
78$63,324,392$23,263,778$17,150,646$54,330,533
79$69,738,999$24,359,222$17,680,711$59,421,033
80$76,806,495$25,506,942$18,227,133$65,013,022
81$84,593,430$26,709,455$18,790,415$71,156,919
82$93,173,142$27,969,400$19,371,076$77,908,254
83$102,626,446$29,289,545$19,969,651$85,328,187
84$113,042,402$30,672,791$20,586,692$93,484,083
85$124,519,148$32,122,179$21,222,768$102,450,141
86$137,164,836$33,640,900$21,878,465$112,308,091
87$151,098,642$35,232,297$22,554,386$123,147,959
88$166,451,901$36,899,877$23,251,156$135,068,914
89$183,369,340$38,647,316$23,969,415$148,180,196
90$202,010,447$40,478,469$24,709,824$162,602,142
91$222,550,976$42,397,378$25,473,067$178,467,319
92$245,184,607$44,408,280$26,259,846$195,921,762
93$270,124,770$46,515,620$27,070,884$215,126,354
94$297,606,668$48,724,056$27,906,930$236,258,332
95$327,889,488$51,038,475$28,768,752$259,512,956
96$361,258,854$53,463,998$29,657,143$285,105,344
97$398,029,521$56,005,999$30,572,922$313,272,493
98$438,548,348$58,670,108$31,516,931$344,275,510
99$483,197,570$61,462,234$32,490,038$378,402,068
100$532,398,406$64,388,568$33,493,139$415,969,112