Can I retire at age 59 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$817,533$810,251$803,146$796,211$789,440$770,043
2 years$404,719$397,182$389,877$382,794$375,924$356,501
3 years$267,133$259,563$252,276$245,260$238,501$219,661
4 years$198,353$190,806$183,592$176,696$170,101$151,987
5 years$157,096$149,594$142,475$135,719$129,308$111,971
6 years$129,600$122,155$115,141$108,536$102,317$85,775
7 years$109,968$102,586$95,683$89,233$83,211$67,466
8 years$95,251$87,935$81,147$74,856$69,032$54,076
9 years$83,810$76,563$69,892$63,760$58,135$43,956
10 years$74,662$67,487$60,933$54,962$49,534$36,116
11 years$67,183$60,079$53,644$47,833$42,601$29,924
12 years$60,955$53,924$47,608$41,956$36,917$24,961
13 years$55,689$48,731$42,535$37,041$32,192$20,933
14 years$51,179$44,296$38,218$32,881$28,219$17,632
15 years$47,274$40,465$34,505$29,324$24,847$14,906
16 years$43,861$37,126$31,284$26,257$21,960$12,639
17 years$40,852$34,191$28,467$23,591$19,471$10,744
18 years$38,180$31,594$25,987$21,261$17,313$9,152
19 years$35,793$29,281$23,790$19,211$15,431$7,810
20 years$33,647$27,210$21,833$17,399$13,783$6,674
21 years$31,708$25,345$20,082$15,791$12,335$5,711
22 years$29,947$23,658$18,509$14,357$11,056$4,892
23 years$28,342$22,127$17,090$13,076$9,925$4,194
24 years$26,873$20,732$15,805$11,926$8,920$3,599
25 years$25,524$19,456$14,639$10,891$8,027$3,090
26 years$24,280$18,285$13,577$9,958$7,231$2,655
27 years$23,131$17,209$12,607$9,115$6,519$2,282
28 years$22,065$16,216$11,720$8,351$5,882$1,962
29 years$21,075$15,297$10,906$7,658$5,311$1,688
30 years$20,152$14,447$10,159$7,029$4,799$1,452
31 years$19,291$13,657$9,471$6,455$4,339$1,250
32 years$18,485$12,922$8,836$5,932$3,925$1,076
33 years$17,729$12,238$8,251$5,455$3,552$926
34 years$17,020$11,599$7,709$5,019$3,216$798
35 years$16,352$11,001$7,207$4,621$2,913$687
36 years$15,723$10,442$6,742$4,255$2,639$592
37 years$15,130$9,917$6,311$3,921$2,392$510
38 years$14,569$9,425$5,910$3,614$2,169$439
39 years$14,038$8,962$5,537$3,332$1,966$379
40 years$13,535$8,527$5,190$3,074$1,784$326
41 years$13,058$8,117$4,866$2,836$1,618$281
42 years$12,604$7,730$4,565$2,617$1,468$242
43 years$12,173$7,365$4,283$2,416$1,333$209
44 years$11,763$7,020$4,021$2,231$1,210$180
45 years$11,372$6,695$3,775$2,060$1,098$155
46 years$10,999$6,386$3,546$1,903$997$134
47 years$10,643$6,095$3,331$1,758$905$115
48 years$10,302$5,818$3,130$1,624$822$99
49 years$9,977$5,556$2,942$1,501$747$86
50 years$9,666$5,307$2,766$1,388$678$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $9,900,000, adding $4,134 every year, while hoping to spend $27,158 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: 68/10/22 Blend
58$9,900,000$9,900,000$9,900,000$9,900,000
59$10,914,064$10,389,364$10,235,914$11,595,399
60$11,998,403$10,869,547$10,549,921$12,532,433
61$13,192,434$11,372,349$10,873,538$13,553,591
62$14,507,317$11,898,849$11,207,056$14,670,050
63$15,955,350$12,450,179$11,550,779$15,891,214
64$17,550,083$13,027,525$11,905,018$17,227,432
65$19,306,449$13,632,131$12,270,093$18,690,096
66$21,240,901$14,265,300$12,646,335$20,291,750
67$23,371,570$14,928,397$13,034,085$22,046,200
68$25,718,437$15,622,856$13,433,694$23,968,648
69$28,303,518$16,350,176$13,845,523$26,075,833
70$31,151,074$17,111,932$14,269,945$28,386,185
71$34,287,840$17,909,772$14,707,344$30,919,997
72$37,743,275$18,745,427$15,158,116$33,699,619
73$41,549,844$19,620,707$15,622,668$36,749,659
74$45,743,321$20,537,515$16,101,420$40,097,221
75$50,363,127$21,497,841$16,594,805$43,772,153
76$55,452,705$22,503,773$17,103,269$47,807,329
77$61,059,924$23,557,501$17,627,272$52,238,955
78$67,237,537$24,661,320$18,167,287$57,106,911
79$74,043,676$25,817,635$18,723,801$62,455,122
80$81,542,400$27,028,968$19,297,318$68,331,969
81$89,804,302$28,297,965$19,888,355$74,790,748
82$98,907,172$29,627,396$20,497,446$81,890,163
83$108,936,734$31,020,169$21,125,141$89,694,884
84$119,987,454$32,479,330$21,772,006$98,276,146
85$132,163,431$34,008,074$22,438,625$107,712,427
86$145,579,381$35,609,750$23,125,599$118,090,178
87$160,361,720$37,287,869$23,833,548$129,504,639
88$176,649,754$39,046,114$24,563,111$142,060,733
89$194,596,998$40,888,343$25,314,945$155,874,051
90$214,372,624$42,818,604$26,089,728$171,071,944
91$236,163,056$44,841,140$26,888,158$187,794,713
92$260,173,732$46,960,399$27,710,955$206,196,937
93$286,631,040$49,181,047$28,558,860$226,448,920
94$315,784,462$51,507,973$29,432,636$248,738,300
95$347,908,919$53,946,306$30,333,072$273,271,810
96$383,307,376$56,501,422$31,260,977$300,277,227
97$422,313,695$59,178,959$32,217,187$330,005,516
98$465,295,792$61,984,828$33,202,562$362,733,195
99$512,659,104$64,925,226$34,217,990$398,764,934
100$564,850,424$68,006,653$35,264,384$438,436,430