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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,007,465$998,491$989,735$981,190$972,845$954,374
2 years$498,745$489,456$480,454$471,726$463,260$444,722
3 years$329,194$319,865$310,886$302,239$293,911$275,885
4 years$244,435$235,135$226,245$217,746$209,620$192,245
5 years$193,593$184,348$175,575$167,250$159,350$142,674
6 years$159,709$150,534$141,891$133,751$126,088$110,131
7 years$135,516$126,419$117,912$109,964$102,543$87,309
8 years$117,379$108,364$99,999$92,246$85,069$70,554
9 years$103,281$94,350$86,129$78,573$71,641$57,834
10 years$92,008$83,165$75,089$67,731$61,042$47,932
11 years$82,791$74,037$66,107$58,946$52,498$40,069
12 years$75,116$66,452$58,669$51,704$45,493$33,729
13 years$68,627$60,053$52,416$45,647$39,671$28,551
14 years$63,069$54,586$47,096$40,520$34,776$24,280
15 years$58,257$49,866$42,522$36,137$30,619$20,727
16 years$54,051$45,751$38,552$32,357$27,061$17,750
17 years$50,343$42,135$35,081$29,072$23,994$15,241
18 years$47,051$38,934$32,024$26,200$21,335$13,117
19 years$44,109$36,084$29,317$23,674$19,016$11,310
20 years$41,464$33,531$26,906$21,441$16,986$9,768
21 years$39,074$31,233$24,748$19,459$15,200$8,448
22 years$36,905$29,155$22,809$17,693$13,625$7,315
23 years$34,927$27,268$21,060$16,113$12,230$6,341
24 years$33,116$25,548$19,477$14,696$10,993$5,501
25 years$31,453$23,976$18,040$13,421$9,892$4,776
26 years$29,921$22,533$16,731$12,272$8,910$4,150
27 years$28,504$21,206$15,536$11,233$8,033$3,607
28 years$27,191$19,983$14,443$10,292$7,249$3,137
29 years$25,971$18,851$13,440$9,438$6,545$2,730
30 years$24,834$17,803$12,519$8,661$5,914$2,376
31 years$23,772$16,830$11,671$7,955$5,347$2,069
32 years$22,779$15,925$10,889$7,311$4,837$1,802
33 years$21,848$15,081$10,167$6,723$4,377$1,570
34 years$20,974$14,293$9,500$6,186$3,963$1,368
35 years$20,152$13,557$8,882$5,694$3,590$1,192
36 years$19,376$12,867$8,309$5,244$3,252$1,039
37 years$18,645$12,221$7,777$4,832$2,948$906
38 years$17,954$11,614$7,283$4,454$2,672$790
39 years$17,299$11,044$6,823$4,106$2,423$689
40 years$16,679$10,508$6,395$3,788$2,198$601
41 years$16,091$10,002$5,997$3,495$1,994$524
42 years$15,532$9,526$5,625$3,225$1,809$457
43 years$15,001$9,076$5,278$2,977$1,642$398
44 years$14,495$8,651$4,955$2,749$1,491$348
45 years$14,013$8,250$4,652$2,539$1,353$303
46 years$13,554$7,870$4,370$2,345$1,229$264
47 years$13,115$7,511$4,105$2,166$1,116$231
48 years$12,696$7,170$3,858$2,002$1,013$201
49 years$12,295$6,847$3,626$1,850$920$176
50 years$11,911$6,540$3,409$1,710$836$153

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 $6,599 every year, while hoping to spend $35,285 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: 59/22/19 Blend
58$12,200,000$12,200,000$12,200,000$12,200,000
59$13,451,207$12,804,607$12,615,507$14,177,471
60$14,785,687$13,394,490$13,000,583$15,260,301
61$16,255,102$14,012,094$13,397,377$16,436,223
62$17,873,176$14,658,741$13,806,244$17,717,878
63$19,655,037$15,335,816$14,227,550$19,115,490
64$21,617,349$16,044,769$14,661,671$20,640,305
65$23,778,478$16,787,122$15,108,996$22,304,691
66$26,158,661$17,564,470$15,569,926$24,122,252
67$28,780,199$18,378,483$16,044,873$26,107,955
68$31,667,664$19,230,914$16,534,261$28,278,263
69$34,848,135$20,123,598$17,038,528$30,651,292
70$38,351,450$21,058,460$17,558,124$33,246,977
71$42,210,492$22,037,517$18,093,515$36,087,252
72$46,461,491$23,062,885$18,645,177$39,196,257
73$51,144,378$24,136,781$19,213,605$42,600,562
74$56,303,148$25,261,527$19,799,304$46,329,408
75$61,986,288$26,439,560$20,402,800$50,414,985
76$68,247,224$27,673,434$21,024,629$54,892,725
77$75,144,834$28,965,825$21,665,347$59,801,636
78$82,743,997$30,319,540$22,325,525$65,184,660
79$91,116,207$31,737,520$23,005,753$71,089,078
80$100,340,251$33,222,849$23,706,636$77,566,945
81$110,502,948$34,778,761$24,428,800$84,675,578
82$121,699,972$36,408,643$25,172,888$92,478,092
83$134,036,753$38,116,051$25,939,564$101,043,985
84$147,629,472$39,904,708$26,729,510$110,449,790
85$162,606,159$41,778,519$27,543,429$120,779,788
86$179,107,900$43,741,580$28,382,047$132,126,799
87$197,290,170$45,798,181$29,246,110$144,593,046
88$217,324,300$47,952,824$30,136,387$158,291,116
89$239,399,092$50,210,227$31,053,670$173,345,008
90$263,722,607$52,575,335$31,998,774$189,891,300
91$290,524,121$55,053,334$32,972,542$208,080,427
92$320,056,296$57,649,663$33,975,837$228,078,089
93$352,597,563$60,370,021$35,009,552$250,066,807
94$388,454,749$63,220,386$36,074,606$274,247,632
95$427,965,972$66,207,024$37,171,945$300,842,037
96$471,503,839$69,336,506$38,302,543$330,093,990
97$519,478,956$72,615,720$39,467,403$362,272,246
98$572,343,810$76,051,891$40,667,562$397,672,873
99$630,597,036$79,652,591$41,904,082$436,622,031
100$694,788,126$83,425,761$43,178,062$479,479,039