Can I retire at age 59 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$809,275$802,066$795,033$788,169$781,466$764,750
2 years$400,631$393,170$385,938$378,927$372,127$355,367
3 years$264,434$256,941$249,728$242,782$236,092$219,812
4 years$196,349$188,879$181,738$174,911$168,383$152,708
5 years$155,509$148,083$141,036$134,348$128,002$112,976
6 years$128,291$120,921$113,978$107,440$101,284$86,923
7 years$108,857$101,549$94,716$88,332$82,371$68,678
8 years$94,288$87,047$80,327$74,099$68,335$55,305
9 years$82,963$75,790$69,186$63,116$57,548$45,172
10 years$73,908$66,805$60,318$54,407$49,033$37,299
11 years$66,505$59,472$53,103$47,350$42,170$31,063
12 years$60,339$53,379$47,127$41,533$36,544$26,046
13 years$55,126$48,239$42,105$36,667$31,867$21,960
14 years$50,662$43,848$37,832$32,549$27,934$18,599
15 years$46,797$40,056$34,157$29,028$24,596$15,811
16 years$43,418$36,751$30,968$25,991$21,738$13,483
17 years$40,439$33,846$28,180$23,353$19,274$11,527
18 years$37,795$31,275$25,725$21,046$17,138$9,877
19 years$35,431$28,986$23,550$19,017$15,275$8,479
20 years$33,307$26,935$21,613$17,223$13,644$7,290
21 years$31,388$25,089$19,879$15,631$12,210$6,276
22 years$29,645$23,419$18,322$14,212$10,944$5,410
23 years$28,056$21,904$16,917$12,943$9,824$4,667
24 years$26,602$20,522$15,645$11,805$8,830$4,030
25 years$25,266$19,259$14,491$10,781$7,946$3,482
26 years$24,035$18,101$13,440$9,858$7,157$3,011
27 years$22,897$17,035$12,480$9,023$6,453$2,605
28 years$21,842$16,052$11,602$8,267$5,823$2,254
29 years$20,862$15,143$10,796$7,581$5,258$1,952
30 years$19,949$14,301$10,056$6,958$4,751$1,691
31 years$19,096$13,519$9,375$6,390$4,295$1,465
32 years$18,298$12,792$8,747$5,872$3,885$1,269
33 years$17,550$12,114$8,167$5,400$3,516$1,100
34 years$16,848$11,481$7,631$4,969$3,183$954
35 years$16,187$10,890$7,135$4,574$2,883$827
36 years$15,565$10,336$6,674$4,213$2,612$717
37 years$14,977$9,817$6,247$3,881$2,368$622
38 years$14,422$9,330$5,850$3,577$2,147$540
39 years$13,896$8,872$5,481$3,299$1,947$468
40 years$13,398$8,441$5,137$3,042$1,766$406
41 years$12,926$8,035$4,817$2,807$1,602$352
42 years$12,477$7,652$4,519$2,591$1,454$306
43 years$12,050$7,291$4,240$2,391$1,319$265
44 years$11,644$6,950$3,980$2,208$1,197$230
45 years$11,257$6,627$3,737$2,039$1,087$200
46 years$10,888$6,322$3,510$1,884$987$173
47 years$10,535$6,033$3,298$1,740$896$151
48 years$10,198$5,759$3,099$1,608$814$131
49 years$9,876$5,500$2,913$1,486$739$113
50 years$9,568$5,254$2,738$1,374$671$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,800,000, adding $5,215 every year, while hoping to spend $45,811 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: 54/22/24 Blend
58$9,800,000$9,800,000$9,800,000$9,800,000
59$10,804,979$10,285,579$10,133,679$11,316,693
60$11,858,345$10,740,830$10,424,415$12,124,706
61$13,017,618$11,216,853$10,723,355$12,998,686
62$14,293,553$11,714,617$11,030,726$13,949,201
63$15,698,000$12,235,138$11,346,760$14,983,595
64$17,244,016$12,779,479$11,671,696$16,109,942
65$18,945,987$13,348,755$12,005,779$17,337,123
66$20,819,766$13,944,132$12,349,261$18,674,903
67$22,882,821$14,566,834$12,702,400$20,134,022
68$25,154,400$15,218,140$13,065,462$21,726,296
69$27,655,713$15,899,393$13,438,718$23,464,725
70$30,410,129$16,611,997$13,822,449$25,363,608
71$33,443,402$17,357,425$14,216,942$27,438,683
72$36,783,910$18,137,219$14,622,490$29,707,265
73$40,462,922$18,952,996$15,039,396$32,188,410
74$44,514,895$19,806,447$15,467,971$34,903,092
75$48,977,799$20,699,348$15,908,532$37,874,392
76$53,893,474$21,633,556$16,361,408$41,127,721
77$59,308,027$22,611,018$16,826,933$44,691,047
78$65,272,262$23,633,775$17,305,452$48,595,160
79$71,842,166$24,703,963$17,797,319$52,873,957
80$79,079,433$25,823,823$18,302,894$57,564,759
81$87,052,045$26,995,701$18,822,552$62,708,654
82$95,834,920$28,222,056$19,356,673$68,350,886
83$105,510,610$29,505,465$19,905,650$74,541,273
84$116,170,087$30,848,628$20,469,884$81,334,674
85$127,913,598$32,254,373$21,049,787$88,791,499
86$140,851,614$33,725,666$21,645,784$96,978,276
87$155,105,868$35,265,614$22,258,308$105,968,271
88$170,810,510$36,877,471$22,887,804$115,842,176
89$188,113,365$38,564,651$23,534,729$126,688,860
90$207,177,338$40,330,729$24,199,552$138,606,206
91$228,181,943$42,179,451$24,882,753$151,702,023
92$251,325,002$44,114,744$25,584,826$166,095,061
93$276,824,510$46,140,725$26,306,276$181,916,119
94$304,920,696$48,261,706$27,047,622$199,309,276
95$335,878,285$50,482,208$27,809,396$218,433,242
96$369,989,002$52,806,969$28,592,143$239,462,844
97$407,574,324$55,240,953$29,396,422$262,590,672
98$448,988,511$57,789,366$30,222,808$288,028,883
99$494,621,955$60,457,661$31,071,889$316,011,197
100$544,904,864$63,251,557$31,944,267$346,795,091