Can I retire at age 59 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,007,465$998,491$989,735$981,190$972,845$933,878
2 years$498,745$489,456$480,454$471,726$463,260$424,490
3 years$329,194$319,865$310,886$302,239$293,911$256,560
4 years$244,435$235,135$226,245$217,746$209,620$173,971
5 years$193,593$184,348$175,575$167,250$159,350$125,494
6 years$159,709$150,534$141,891$133,751$126,088$94,047
7 years$135,516$126,419$117,912$109,964$102,543$72,304
8 years$117,379$108,364$99,999$92,246$85,069$56,602
9 years$103,281$94,350$86,129$78,573$71,641$44,900
10 years$92,008$83,165$75,089$67,731$61,042$35,976
11 years$82,791$74,037$66,107$58,946$52,498$29,047
12 years$75,116$66,452$58,669$51,704$45,493$23,594
13 years$68,627$60,053$52,416$45,647$39,671$19,257
14 years$63,069$54,586$47,096$40,520$34,776$15,776
15 years$58,257$49,866$42,522$36,137$30,619$12,964
16 years$54,051$45,751$38,552$32,357$27,061$10,680
17 years$50,343$42,135$35,081$29,072$23,994$8,816
18 years$47,051$38,934$32,024$26,200$21,335$7,289
19 years$44,109$36,084$29,317$23,674$19,016$6,035
20 years$41,464$33,531$26,906$21,441$16,986$5,002
21 years$39,074$31,233$24,748$19,459$15,200$4,150
22 years$36,905$29,155$22,809$17,693$13,625$3,446
23 years$34,927$27,268$21,060$16,113$12,230$2,863
24 years$33,116$25,548$19,477$14,696$10,993$2,379
25 years$31,453$23,976$18,040$13,421$9,892$1,979
26 years$29,921$22,533$16,731$12,272$8,910$1,646
27 years$28,504$21,206$15,536$11,233$8,033$1,370
28 years$27,191$19,983$14,443$10,292$7,249$1,140
29 years$25,971$18,851$13,440$9,438$6,545$949
30 years$24,834$17,803$12,519$8,661$5,914$790
31 years$23,772$16,830$11,671$7,955$5,347$658
32 years$22,779$15,925$10,889$7,311$4,837$548
33 years$21,848$15,081$10,167$6,723$4,377$456
34 years$20,974$14,293$9,500$6,186$3,963$380
35 years$20,152$13,557$8,882$5,694$3,590$317
36 years$19,376$12,867$8,309$5,244$3,252$264
37 years$18,645$12,221$7,777$4,832$2,948$220
38 years$17,954$11,614$7,283$4,454$2,672$183
39 years$17,299$11,044$6,823$4,106$2,423$153
40 years$16,679$10,508$6,395$3,788$2,198$127
41 years$16,091$10,002$5,997$3,495$1,994$106
42 years$15,532$9,526$5,625$3,225$1,809$88
43 years$15,001$9,076$5,278$2,977$1,642$74
44 years$14,495$8,651$4,955$2,749$1,491$61
45 years$14,013$8,250$4,652$2,539$1,353$51
46 years$13,554$7,870$4,370$2,345$1,229$43
47 years$13,115$7,511$4,105$2,166$1,116$35
48 years$12,696$7,170$3,858$2,002$1,013$30
49 years$12,295$6,847$3,626$1,850$920$25
50 years$11,911$6,540$3,409$1,710$836$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,200,000, adding $5,309 every year, while hoping to spend $47,332 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: 68/17/15 Blend
58$12,200,000$12,200,000$12,200,000$12,200,000
59$13,449,876$12,803,276$12,614,176$14,317,067
60$14,771,403$13,380,276$12,986,390$15,472,584
61$16,226,139$13,983,962$13,369,487$16,729,881
62$17,827,621$14,615,593$13,763,781$18,103,867
63$19,590,767$15,276,485$14,169,597$19,606,006
64$21,532,013$15,968,021$14,587,265$21,248,913
65$23,669,470$16,691,645$15,017,130$23,046,470
66$26,023,095$17,448,875$15,459,543$25,013,957
67$28,614,879$18,241,298$15,914,866$27,168,194
68$31,469,053$19,070,579$16,383,472$29,527,693
69$34,612,321$19,938,461$16,865,742$32,112,833
70$38,074,105$20,846,773$17,362,072$34,946,052
71$41,886,827$21,797,429$17,872,865$38,052,049
72$46,086,216$22,792,435$18,398,538$41,458,019
73$50,711,641$23,833,896$18,939,520$45,193,907
74$55,806,486$24,924,013$19,496,251$49,292,684
75$61,418,555$26,065,098$20,069,183$53,790,655
76$67,600,529$27,259,569$20,658,783$58,727,802
77$74,410,460$28,509,965$21,265,528$64,148,150
78$81,912,315$29,818,941$21,889,912$70,100,188
79$90,176,587$31,189,286$22,532,440$76,637,313
80$99,280,955$32,623,917$23,193,633$83,818,339
81$109,311,020$34,125,896$23,874,027$91,708,037
82$120,361,108$35,698,428$24,574,170$100,377,752
83$132,535,166$37,344,877$25,294,631$109,906,065
84$145,947,741$39,068,764$26,035,989$120,379,530
85$160,725,059$40,873,782$26,798,843$131,893,487
86$177,006,219$42,763,801$27,583,808$144,552,959
87$194,944,505$44,742,879$28,391,517$158,473,630
88$214,708,830$46,815,266$29,222,619$173,782,939
89$236,485,336$48,985,419$30,077,782$190,621,269
90$260,479,147$51,258,011$30,957,694$209,143,273
91$286,916,303$53,637,937$31,863,060$229,519,320
92$316,045,901$56,130,331$32,794,608$251,937,100
93$348,142,438$58,740,572$33,753,082$276,603,387
94$383,508,407$61,474,300$34,739,250$303,745,981
95$422,477,151$64,337,427$35,753,902$333,615,854
96$465,416,010$67,336,151$36,797,847$366,489,506
97$512,729,787$70,476,967$37,871,920$402,671,568
98$564,864,573$73,766,685$38,976,976$442,497,671
99$622,311,951$77,212,445$40,113,896$486,337,599
100$685,613,644$80,821,729$41,283,586$534,598,770