Can I retire at age 59 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$970,576
2 years$502,833$493,468$484,392$475,592$467,057$456,742
3 years$331,892$322,487$313,434$304,717$296,320$286,253
4 years$246,438$237,062$228,100$219,531$211,338$201,596
5 years$195,180$185,859$177,015$168,621$160,656$151,268
6 years$161,018$151,768$143,054$134,848$127,121$118,100
7 years$136,627$127,455$118,879$110,866$103,384$94,731
8 years$118,342$109,252$100,818$93,002$85,767$77,483
9 years$104,127$95,124$86,835$79,217$72,228$64,310
10 years$92,762$83,847$75,705$68,286$61,542$53,985
11 years$83,470$74,644$66,649$59,429$52,928$45,726
12 years$75,732$66,996$59,149$52,128$45,866$39,012
13 years$69,189$60,545$52,846$46,021$39,996$33,481
14 years$63,586$55,034$47,482$40,852$35,061$28,875
15 years$58,735$50,274$42,870$36,433$30,870$25,006
16 years$54,494$46,126$38,868$32,622$27,283$21,730
17 years$50,755$42,480$35,369$29,310$24,191$18,938
18 years$47,436$39,254$32,287$26,415$21,510$16,547
19 years$44,470$36,380$29,557$23,868$19,172$14,489
20 years$41,804$33,806$27,126$21,617$17,125$12,710
21 years$39,395$31,489$24,951$19,619$15,325$11,168
22 years$37,207$29,394$22,996$17,838$13,736$9,827
23 years$35,213$27,491$21,233$16,245$12,331$8,657
24 years$33,388$25,758$19,637$14,817$11,083$7,635
25 years$31,711$24,172$18,187$13,531$9,973$6,739
26 years$30,166$22,718$16,868$12,372$8,983$5,954
27 years$28,738$21,380$15,663$11,325$8,099$5,263
28 years$27,414$20,147$14,561$10,376$7,308$4,656
29 years$26,184$19,006$13,550$9,515$6,599$4,121
30 years$25,037$17,949$12,622$8,732$5,963$3,650
31 years$23,967$16,968$11,767$8,020$5,391$3,233
32 years$22,966$16,055$10,979$7,371$4,876$2,865
33 years$22,027$15,204$10,251$6,778$4,413$2,540
34 years$21,146$14,410$9,578$6,236$3,996$2,253
35 years$20,317$13,668$8,955$5,741$3,619$1,998
36 years$19,535$12,973$8,377$5,287$3,279$1,773
37 years$18,798$12,321$7,841$4,871$2,972$1,574
38 years$18,101$11,710$7,342$4,490$2,694$1,397
39 years$17,441$11,135$6,879$4,140$2,443$1,240
40 years$16,816$10,594$6,448$3,819$2,216$1,101
41 years$16,223$10,084$6,046$3,523$2,010$978
42 years$15,660$9,604$5,671$3,251$1,824$868
43 years$15,124$9,151$5,322$3,001$1,656$771
44 years$14,614$8,722$4,995$2,771$1,503$685
45 years$14,128$8,318$4,690$2,559$1,364$608
46 years$13,665$7,935$4,405$2,364$1,239$541
47 years$13,223$7,572$4,139$2,184$1,125$480
48 years$12,800$7,229$3,889$2,018$1,022$427
49 years$12,396$6,903$3,656$1,865$928$379
50 years$12,009$6,594$3,437$1,724$843$337

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,300,000, adding $6,235 every year, while hoping to spend $59,924 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: 59/20/21 Blend
58$12,300,000$12,300,000$12,300,000$12,300,000
59$13,561,031$12,909,131$12,718,481$14,285,307
60$14,880,498$13,477,920$13,080,792$15,346,570
61$16,332,542$14,072,571$13,453,231$16,496,404
62$17,930,622$14,694,288$13,836,076$17,749,131
63$19,689,570$15,344,333$14,229,609$19,114,718
64$21,625,726$16,024,025$14,634,121$20,604,131
65$23,757,097$16,734,749$15,049,910$22,229,431
66$26,103,522$17,477,953$15,477,283$24,003,889
67$28,686,863$18,255,155$15,916,554$25,942,106
68$31,531,210$19,067,944$16,368,046$28,060,148
69$34,663,106$19,917,986$16,832,088$30,375,695
70$38,111,800$20,807,025$17,309,020$32,908,203
71$41,909,523$21,736,888$17,799,191$35,679,087
72$46,091,788$22,709,489$18,302,958$38,711,916
73$50,697,730$23,726,834$18,820,687$42,032,637
74$55,770,473$24,791,023$19,352,755$45,669,808
75$61,357,535$25,904,257$19,899,546$49,654,872
76$67,511,280$27,068,842$20,461,457$54,022,444
77$74,289,407$28,287,192$21,038,892$58,810,635
78$81,755,501$29,561,839$21,632,269$64,061,406
79$89,979,626$30,895,433$22,242,015$69,820,963
80$99,038,992$32,290,753$22,868,566$76,140,182
81$109,018,679$33,750,710$23,512,373$83,075,090
82$120,012,441$35,278,352$24,173,894$90,687,383
83$132,123,594$36,876,875$24,853,604$99,045,009
84$145,465,986$38,549,627$25,551,984$108,222,798
85$160,165,074$40,300,116$26,269,533$118,303,162
86$176,359,107$42,132,018$27,006,759$129,376,872
87$194,200,434$44,049,185$27,764,183$141,543,901
88$213,856,937$46,055,653$28,542,341$154,914,368
89$235,513,616$48,155,651$29,341,782$169,609,563
90$259,374,340$50,353,613$30,163,066$185,763,088
91$285,663,765$52,654,183$31,006,772$203,522,112
92$314,629,459$55,062,227$31,873,488$223,048,747
93$346,544,235$57,582,848$32,763,821$244,521,573
94$381,708,729$60,221,390$33,678,391$268,137,314
95$420,454,237$62,983,455$34,617,835$294,112,685
96$463,145,839$65,874,915$35,582,803$322,686,430
97$510,185,851$68,901,922$36,573,963$354,121,560
98$562,017,618$72,070,926$37,592,000$388,707,831
99$619,129,698$75,388,684$38,637,615$426,764,467
100$682,060,478$78,862,280$39,711,526$468,643,157