Can I retire at age 59 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$990,949$982,122$973,510$965,105$956,897$948,088
2 years$490,569$481,432$472,578$463,993$455,665$446,790
3 years$323,797$314,621$305,789$297,285$289,093$280,426
4 years$240,428$231,280$222,536$214,177$206,183$197,792
5 years$190,419$181,326$172,697$164,508$156,737$148,646
6 years$157,091$148,067$139,565$131,559$124,021$116,240
7 years$133,294$124,346$115,979$108,162$100,862$93,395
8 years$115,455$106,588$98,360$90,734$83,675$76,522
9 years$101,588$92,804$84,717$77,285$70,466$63,624
10 years$90,500$81,802$73,858$66,621$60,041$53,506
11 years$81,434$72,823$65,024$57,980$51,637$45,404
12 years$73,885$65,362$57,707$50,856$44,748$38,811
13 years$67,502$59,068$51,557$44,898$39,021$33,373
14 years$62,035$53,692$46,324$39,856$34,205$28,839
15 years$57,302$49,048$41,825$35,544$30,117$25,025
16 years$53,165$45,001$37,920$31,826$26,618$21,791
17 years$49,518$41,444$34,506$28,595$23,601$19,032
18 years$46,279$38,296$31,499$25,770$20,985$16,664
19 years$43,385$35,493$28,836$23,286$18,704$14,623
20 years$40,784$32,981$26,464$21,090$16,707$12,857
21 years$38,434$30,721$24,342$19,140$14,951$11,322
22 years$36,300$28,677$22,435$17,403$13,401$9,984
23 years$34,354$26,821$20,715$15,849$12,030$8,816
24 years$32,574$25,129$19,158$14,455$10,813$7,793
25 years$30,938$23,583$17,744$13,201$9,730$6,895
26 years$29,430$22,164$16,457$12,071$8,764$6,106
27 years$28,037$20,859$15,281$11,049$7,902$5,411
28 years$26,745$19,655$14,206$10,123$7,130$4,798
29 years$25,545$18,542$13,220$9,283$6,438$4,257
30 years$24,427$17,511$12,314$8,519$5,817$3,779
31 years$23,383$16,554$11,480$7,824$5,259$3,356
32 years$22,406$15,663$10,711$7,191$4,757$2,982
33 years$21,490$14,834$10,001$6,613$4,305$2,650
34 years$20,630$14,059$9,344$6,084$3,898$2,356
35 years$19,821$13,335$8,736$5,601$3,531$2,095
36 years$19,059$12,656$8,172$5,158$3,199$1,864
37 years$18,339$12,021$7,649$4,753$2,899$1,658
38 years$17,659$11,424$7,163$4,381$2,629$1,476
39 years$17,016$10,863$6,711$4,039$2,384$1,313
40 years$16,406$10,335$6,290$3,725$2,162$1,169
41 years$15,827$9,838$5,898$3,437$1,961$1,041
42 years$15,278$9,370$5,533$3,172$1,780$927
43 years$14,755$8,927$5,192$2,928$1,615$825
44 years$14,258$8,510$4,873$2,704$1,466$735
45 years$13,784$8,115$4,576$2,497$1,331$655
46 years$13,332$7,741$4,298$2,307$1,209$583
47 years$12,900$7,387$4,038$2,131$1,097$519
48 years$12,488$7,052$3,794$1,969$997$463
49 years$12,094$6,735$3,567$1,820$905$412
50 years$11,716$6,433$3,353$1,682$822$367

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,000,000, adding $5,193 every year, while hoping to spend $24,518 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: 38/37/25 Blend
58$12,000,000$12,000,000$12,000,000$12,000,000
59$13,229,357$12,593,357$12,407,357$13,633,186
60$14,552,664$13,184,344$12,796,916$14,519,419
61$16,010,127$13,803,468$13,198,704$15,473,912
62$17,615,404$14,452,082$13,613,104$16,505,010
63$19,383,544$15,131,603$14,040,513$17,619,668
64$21,331,133$15,843,519$14,481,337$18,825,513
65$23,476,446$16,589,389$14,935,999$20,130,913
66$25,839,621$17,370,847$15,404,933$21,545,047
67$28,442,850$18,189,606$15,888,586$23,077,989
68$31,310,588$19,047,463$16,387,420$24,740,796
69$34,469,781$19,946,303$16,901,913$26,545,607
70$37,950,127$20,888,099$17,432,554$28,505,751
71$41,784,346$21,874,923$17,979,852$30,635,866
72$46,008,501$22,908,945$18,544,328$32,952,029
73$50,662,326$23,992,442$19,126,521$35,471,905
74$55,789,613$25,127,801$19,726,989$38,214,901
75$61,438,614$26,317,523$20,346,303$41,202,341
76$67,662,504$27,564,234$20,985,057$44,457,667
77$74,519,882$28,870,684$21,643,858$48,006,641
78$82,075,320$30,239,757$22,323,337$51,877,586
79$90,399,976$31,674,479$23,024,143$56,101,642
80$99,572,267$33,178,021$23,746,944$60,713,050
81$109,678,602$34,753,709$24,492,432$65,749,466
82$120,814,208$36,405,029$25,261,317$71,252,303
83$133,084,020$38,135,638$26,054,333$77,267,112
84$146,603,676$39,949,370$26,872,239$83,844,003
85$161,500,607$41,850,245$27,715,815$91,038,101
86$177,915,240$43,842,479$28,585,867$98,910,054
87$196,002,326$45,930,492$29,483,225$107,526,597
88$215,932,396$48,118,918$30,408,745$116,961,163
89$237,893,375$50,412,620$31,363,313$127,294,561
90$262,092,354$52,816,693$32,347,838$138,615,727
91$288,757,545$55,336,482$33,363,262$151,022,544
92$318,140,436$57,977,591$34,410,553$164,622,751
93$350,518,165$60,745,898$35,490,711$179,534,942
94$386,196,136$63,647,565$36,604,768$195,889,667
95$425,510,901$66,689,054$37,753,787$213,830,643
96$468,833,339$69,877,144$38,938,865$233,516,094
97$516,572,156$73,218,941$40,161,133$255,120,220
98$569,177,743$76,721,896$41,421,758$278,834,821
99$627,146,431$80,393,827$42,721,945$304,871,085
100$691,025,169$84,242,927$44,062,933$333,461,554