Can I retire at age 59 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$792,759$785,698$778,808$772,084$765,517$744,296
2 years$392,455$385,146$378,062$371,194$364,532$343,310
3 years$259,038$251,697$244,631$237,828$231,274$210,716
4 years$192,342$185,024$178,029$171,341$164,947$145,210
5 years$152,335$145,061$138,158$131,607$125,390$106,530
6 years$125,673$118,453$111,652$105,247$99,217$81,250
7 years$106,636$99,477$92,783$86,529$80,690$63,618
8 years$92,364$85,270$78,688$72,587$66,940$50,753
9 years$81,270$74,243$67,774$61,828$56,373$41,056
10 years$72,400$65,441$59,087$53,297$48,033$33,566
11 years$65,147$58,259$52,019$46,384$41,310$27,669
12 years$59,108$52,290$46,165$40,685$35,798$22,959
13 years$54,001$47,255$41,246$35,919$31,217$19,151
14 years$49,628$42,953$37,060$31,885$27,364$16,043
15 years$45,842$39,239$33,460$28,435$24,094$13,486
16 years$42,532$36,001$30,336$25,461$21,294$11,370
17 years$39,614$33,155$27,605$22,876$18,881$9,609
18 years$37,024$30,637$25,200$20,616$16,788$8,137
19 years$34,708$28,394$23,069$18,629$14,963$6,902
20 years$32,627$26,385$21,172$16,872$13,366$5,863
21 years$30,747$24,577$19,474$15,312$11,961$4,986
22 years$29,040$22,941$17,948$13,922$10,721$4,244
23 years$27,483$21,457$16,572$12,679$9,624$3,616
24 years$26,059$20,104$15,326$11,564$8,650$3,083
25 years$24,750$18,866$14,195$10,561$7,784$2,630
26 years$23,544$17,731$13,165$9,657$7,011$2,245
27 years$22,430$16,687$12,225$8,839$6,321$1,917
28 years$21,396$15,724$11,365$8,098$5,704$1,638
29 years$20,436$14,834$10,576$7,426$5,150$1,400
30 years$19,541$14,009$9,851$6,816$4,654$1,196
31 years$18,706$13,243$9,184$6,260$4,207$1,023
32 years$17,925$12,531$8,569$5,753$3,806$875
33 years$17,192$11,867$8,001$5,290$3,444$748
34 years$16,504$11,247$7,475$4,867$3,118$640
35 years$15,857$10,668$6,989$4,481$2,825$548
36 years$15,247$10,125$6,538$4,127$2,559$469
37 years$14,671$9,617$6,119$3,802$2,319$401
38 years$14,127$9,139$5,731$3,504$2,103$343
39 years$13,613$8,690$5,369$3,231$1,907$294
40 years$13,125$8,268$5,032$2,980$1,730$251
41 years$12,662$7,871$4,719$2,750$1,569$215
42 years$12,222$7,496$4,426$2,538$1,424$184
43 years$11,804$7,142$4,153$2,343$1,292$158
44 years$11,406$6,808$3,899$2,163$1,173$135
45 years$11,027$6,492$3,661$1,998$1,065$115
46 years$10,665$6,193$3,438$1,845$967$99
47 years$10,320$5,910$3,230$1,705$878$85
48 years$9,990$5,642$3,036$1,575$797$72
49 years$9,675$5,388$2,853$1,456$724$62
50 years$9,373$5,146$2,682$1,346$658$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,600,000, adding $5,043 every year, while hoping to spend $27,216 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: 56/25/19 Blend
58$9,600,000$9,600,000$9,600,000$9,600,000
59$10,584,402$10,075,602$9,926,802$11,123,055
60$11,635,053$10,540,349$10,230,392$11,955,515
61$12,791,959$11,026,956$10,543,240$12,858,578
62$14,065,928$11,536,466$10,865,628$13,841,766
63$15,468,871$12,069,972$11,197,846$14,912,772
64$17,013,914$12,628,618$11,540,191$16,080,054
65$18,715,518$13,213,605$11,892,973$17,352,913
66$20,589,621$13,826,192$12,256,507$18,741,576
67$22,653,784$14,467,697$12,631,121$20,257,291
68$24,927,357$15,139,501$13,017,152$21,912,429
69$27,431,666$15,843,056$13,414,945$23,720,596
70$30,190,209$16,579,878$13,824,858$25,696,764
71$33,228,880$17,351,562$14,247,260$27,857,401
72$36,576,212$18,159,774$14,682,530$30,220,629
73$40,263,648$19,006,266$15,131,057$32,806,388
74$44,325,837$19,892,870$15,593,245$35,636,619
75$48,800,962$20,821,510$16,069,508$38,735,472
76$53,731,097$21,794,201$16,560,273$42,129,524
77$59,162,608$22,813,056$17,065,981$45,848,029
78$65,146,587$23,880,288$17,587,085$49,923,188
79$71,739,338$24,998,222$18,124,051$54,390,446
80$79,002,905$26,169,289$18,677,361$59,288,827
81$87,005,660$27,396,043$19,247,512$64,661,289
82$95,822,946$28,681,158$19,835,012$70,555,131
83$105,537,791$30,027,439$20,440,390$77,022,430
84$116,241,689$31,437,827$21,064,186$84,120,526
85$128,035,464$32,915,403$21,706,959$91,912,559
86$141,030,223$34,463,400$22,369,284$100,468,054
87$155,348,405$36,085,206$23,051,754$109,863,577
88$171,124,934$37,784,372$23,754,979$120,183,444
89$188,508,495$39,564,625$24,479,589$131,520,511
90$207,662,937$41,429,867$25,226,231$143,977,044
91$228,768,820$43,384,193$25,995,573$157,665,675
92$252,025,116$45,431,896$26,788,302$172,710,456
93$277,651,094$47,577,475$27,605,126$189,248,020
94$305,888,384$49,825,649$28,446,776$207,428,862
95$337,003,259$52,181,366$29,314,002$227,418,752
96$371,289,150$54,649,811$30,207,580$249,400,283
97$409,069,416$57,236,425$31,128,306$273,574,589
98$450,700,395$59,946,909$32,077,004$300,163,232
99$496,574,771$62,787,242$33,054,518$329,410,278
100$547,125,275$65,763,694$34,061,722$361,584,591