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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$990,949$982,122$973,510$965,105$956,897$950,468
2 years$490,569$481,432$472,578$463,993$455,665$449,181
3 years$323,797$314,621$305,789$297,285$289,093$282,755
4 years$240,428$231,280$222,536$214,177$206,183$200,040
5 years$190,419$181,326$172,697$164,508$156,737$150,807
6 years$157,091$148,067$139,565$131,559$124,021$118,311
7 years$133,294$124,346$115,979$108,162$100,862$95,375
8 years$115,455$106,588$98,360$90,734$83,675$78,411
9 years$101,588$92,804$84,717$77,285$70,466$65,425
10 years$90,500$81,802$73,858$66,621$60,041$55,219
11 years$81,434$72,823$65,024$57,980$51,637$47,031
12 years$73,885$65,362$57,707$50,856$44,748$40,353
13 years$67,502$59,068$51,557$44,898$39,021$34,833
14 years$62,035$53,692$46,324$39,856$34,205$30,220
15 years$57,302$49,048$41,825$35,544$30,117$26,329
16 years$53,165$45,001$37,920$31,826$26,618$23,021
17 years$49,518$41,444$34,506$28,595$23,601$20,190
18 years$46,279$38,296$31,499$25,770$20,985$17,753
19 years$43,385$35,493$28,836$23,286$18,704$15,646
20 years$40,784$32,981$26,464$21,090$16,707$13,816
21 years$38,434$30,721$24,342$19,140$14,951$12,221
22 years$36,300$28,677$22,435$17,403$13,401$10,826
23 years$34,354$26,821$20,715$15,849$12,030$9,603
24 years$32,574$25,129$19,158$14,455$10,813$8,527
25 years$30,938$23,583$17,744$13,201$9,730$7,580
26 years$29,430$22,164$16,457$12,071$8,764$6,744
27 years$28,037$20,859$15,281$11,049$7,902$6,005
28 years$26,745$19,655$14,206$10,123$7,130$5,350
29 years$25,545$18,542$13,220$9,283$6,438$4,770
30 years$24,427$17,511$12,314$8,519$5,817$4,255
31 years$23,383$16,554$11,480$7,824$5,259$3,798
32 years$22,406$15,663$10,711$7,191$4,757$3,391
33 years$21,490$14,834$10,001$6,613$4,305$3,029
34 years$20,630$14,059$9,344$6,084$3,898$2,706
35 years$19,821$13,335$8,736$5,601$3,531$2,419
36 years$19,059$12,656$8,172$5,158$3,199$2,162
37 years$18,339$12,021$7,649$4,753$2,899$1,934
38 years$17,659$11,424$7,163$4,381$2,629$1,729
39 years$17,016$10,863$6,711$4,039$2,384$1,547
40 years$16,406$10,335$6,290$3,725$2,162$1,384
41 years$15,827$9,838$5,898$3,437$1,961$1,239
42 years$15,278$9,370$5,533$3,172$1,780$1,109
43 years$14,755$8,927$5,192$2,928$1,615$992
44 years$14,258$8,510$4,873$2,704$1,466$888
45 years$13,784$8,115$4,576$2,497$1,331$795
46 years$13,332$7,741$4,298$2,307$1,209$712
47 years$12,900$7,387$4,038$2,131$1,097$638
48 years$12,488$7,052$3,794$1,969$997$571
49 years$12,094$6,735$3,567$1,820$905$512
50 years$11,716$6,433$3,353$1,682$822$458

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 $3,842 every year, while hoping to spend $46,812 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: 62/17/21 Blend
58$12,000,000$12,000,000$12,000,000$12,000,000
59$13,227,963$12,591,963$12,405,963$13,975,615
60$14,527,408$13,159,162$12,771,755$15,048,212
61$15,957,827$13,752,584$13,148,232$16,213,189
62$17,532,530$14,373,466$13,535,703$17,484,033
63$19,266,184$15,023,101$13,934,485$18,871,065
64$21,174,949$15,702,847$14,344,904$20,385,639
65$23,276,631$16,414,124$14,767,296$22,040,248
66$25,590,853$17,158,422$15,202,006$23,848,639
67$28,139,236$17,937,300$15,649,389$25,825,940
68$30,945,604$18,752,394$16,109,810$27,988,799
69$34,036,211$19,605,417$16,583,644$30,355,542
70$37,439,986$20,498,164$17,071,278$32,946,337
71$41,188,807$21,432,516$17,573,108$35,783,387
72$45,317,800$22,410,445$18,089,542$38,891,133
73$49,865,675$23,434,016$18,621,001$42,296,480
74$54,875,085$24,505,393$19,167,915$46,029,052
75$60,393,032$25,626,846$19,730,729$50,121,464
76$66,471,312$26,800,752$20,309,899$54,609,627
77$73,167,000$28,029,603$20,905,894$59,533,084
78$80,542,989$29,316,009$21,519,197$64,935,377
79$88,668,587$30,662,707$22,150,304$70,864,455
80$97,620,168$32,072,565$22,799,724$77,373,122
81$107,481,893$33,548,588$23,467,983$84,519,532
82$118,346,505$35,093,928$24,155,619$92,367,727
83$130,316,203$36,711,885$24,863,187$100,988,245
84$143,503,609$38,405,920$25,591,256$110,458,773
85$158,032,827$40,179,660$26,340,413$120,864,880
86$174,040,618$42,036,906$27,111,260$132,300,815
87$191,677,691$43,981,644$27,904,417$144,870,392
88$211,110,120$46,018,049$28,720,519$158,687,965
89$232,520,917$48,150,499$29,560,222$173,879,497
90$256,111,760$50,383,582$30,424,199$190,583,746
91$282,104,890$52,722,109$31,313,140$208,953,566
92$310,745,216$55,171,119$32,227,757$229,157,341
93$342,302,623$57,735,899$33,168,782$251,380,569
94$377,074,519$60,421,986$34,136,964$275,827,601
95$415,388,645$63,235,189$35,133,078$302,723,569
96$457,606,166$66,181,592$36,157,915$332,316,491
97$504,125,082$69,267,578$37,212,293$364,879,613
98$555,383,986$72,499,834$38,297,050$400,713,973
99$611,866,199$75,885,372$39,413,047$440,151,234
100$674,104,338$79,431,543$40,561,172$483,556,806