Can I retire at age 59 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$776,243$769,329$762,583$755,999$749,569$738,673
2 years$384,279$377,122$370,186$363,461$356,938$345,983
3 years$253,641$246,453$239,535$232,873$226,456$215,783
4 years$188,335$181,169$174,320$167,772$161,510$151,201
5 years$149,162$142,039$135,279$128,865$122,778$112,863
6 years$123,055$115,985$109,326$103,054$97,150$87,640
7 years$104,414$97,404$90,850$84,727$79,009$69,908
8 years$90,440$83,494$77,048$71,075$65,545$56,853
9 years$79,577$72,696$66,362$60,540$55,199$46,910
10 years$70,892$64,078$57,856$52,186$47,032$39,140
11 years$63,790$57,045$50,935$45,418$40,449$32,947
12 years$57,876$51,201$45,204$39,837$35,052$27,930
13 years$52,876$46,270$40,386$35,170$30,566$23,815
14 years$48,594$42,058$36,287$31,220$26,794$20,403
15 years$44,887$38,421$32,763$27,843$23,592$17,549
16 years$41,646$35,251$29,704$24,930$20,850$15,145
17 years$38,789$32,465$27,030$22,400$18,487$13,106
18 years$36,252$29,999$24,675$20,187$16,438$11,370
19 years$33,985$27,802$22,588$18,240$14,652$9,883
20 years$31,948$25,835$20,730$16,520$13,087$8,606
21 years$30,106$24,065$19,068$14,993$11,712$7,506
22 years$28,435$22,463$17,574$13,632$10,498$6,554
23 years$26,911$21,010$16,227$12,415$9,423$5,730
24 years$25,516$19,685$15,007$11,323$8,470$5,014
25 years$24,235$18,473$13,899$10,341$7,622$4,391
26 years$23,054$17,362$12,891$9,455$6,865$3,849
27 years$21,962$16,339$11,970$8,655$6,190$3,376
28 years$20,951$15,397$11,128$7,930$5,585$2,962
29 years$20,010$14,525$10,356$7,272$5,043$2,601
30 years$19,134$13,717$9,646$6,674$4,557$2,284
31 years$18,317$12,967$8,993$6,129$4,120$2,007
32 years$17,551$12,270$8,390$5,633$3,727$1,764
33 years$16,834$11,620$7,834$5,180$3,373$1,551
34 years$16,160$11,013$7,320$4,766$3,054$1,364
35 years$15,527$10,445$6,843$4,387$2,766$1,200
36 years$14,929$9,914$6,402$4,041$2,506$1,056
37 years$14,366$9,416$5,992$3,723$2,271$929
38 years$13,833$8,949$5,611$3,431$2,059$818
39 years$13,329$8,509$5,257$3,164$1,867$720
40 years$12,851$8,096$4,927$2,918$1,694$633
41 years$12,398$7,707$4,620$2,692$1,536$558
42 years$11,968$7,340$4,334$2,485$1,394$491
43 years$11,558$6,993$4,067$2,294$1,265$432
44 years$11,169$6,666$3,818$2,118$1,149$381
45 years$10,797$6,357$3,585$1,956$1,043$335
46 years$10,443$6,064$3,367$1,807$947$295
47 years$10,105$5,787$3,163$1,669$860$260
48 years$9,782$5,524$2,972$1,542$781$229
49 years$9,473$5,275$2,794$1,425$709$202
50 years$9,178$5,039$2,627$1,318$644$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,400,000, adding $4,769 every year, while hoping to spend $21,290 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: 81/8/11 Blend
58$9,400,000$9,400,000$9,400,000$9,400,000
59$10,363,719$9,865,519$9,719,819$11,183,331
60$11,398,166$10,326,277$10,022,781$12,182,296
61$12,537,413$10,808,899$10,335,178$13,275,291
62$13,792,127$11,314,433$10,657,304$14,474,386
63$15,174,063$11,843,979$10,989,463$15,790,199
64$16,696,173$12,398,690$11,331,966$17,234,425
65$18,372,731$12,979,773$11,685,134$18,819,941
66$20,219,464$13,588,497$12,049,301$20,560,931
67$22,253,705$14,226,188$12,424,808$22,473,017
68$24,494,551$14,894,240$12,812,007$24,573,403
69$26,963,049$15,594,112$13,211,264$26,881,039
70$29,682,391$16,327,334$13,622,952$29,416,798
71$32,678,133$17,095,512$14,047,459$32,203,670
72$35,978,437$17,900,326$14,485,183$35,266,981
73$39,614,336$18,743,541$14,936,535$38,634,625
74$43,620,029$19,627,005$15,401,940$42,337,333
75$48,033,202$20,552,658$15,881,835$46,408,956
76$52,895,382$21,522,531$16,376,669$50,886,785
77$58,252,332$22,538,757$16,886,909$55,811,900
78$64,154,482$23,603,568$17,413,033$61,229,557
79$70,657,404$24,719,308$17,955,535$67,189,616
80$77,822,338$25,888,433$18,514,924$73,747,003
81$85,716,769$27,113,519$19,091,726$80,962,232
82$94,415,063$28,397,265$19,686,482$88,901,974
83$103,999,172$29,742,502$20,299,752$97,639,679
84$114,559,403$31,152,201$20,932,109$107,256,276
85$126,195,275$32,629,472$21,584,148$117,840,924
86$139,016,458$34,177,581$22,256,481$129,491,859
87$153,143,802$35,799,948$22,949,739$142,317,316
88$168,710,488$37,500,163$23,664,573$156,436,547
89$185,863,275$39,281,988$24,401,654$171,980,947
90$204,763,892$41,149,369$25,161,672$189,095,287
91$225,590,563$43,106,442$25,945,342$207,939,082
92$248,539,688$45,157,545$26,753,398$228,688,091
93$273,827,698$47,307,227$27,586,600$251,535,973
94$301,693,100$49,560,258$28,445,728$276,696,111
95$332,398,725$51,921,639$29,331,588$304,403,627
96$366,234,211$54,396,615$30,245,012$334,917,592
97$403,518,737$56,990,686$31,186,857$368,523,470
98$444,604,037$59,709,618$32,158,005$405,535,811
99$489,877,718$62,559,459$33,159,368$446,301,212
100$539,766,924$65,546,551$34,191,885$491,201,589