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%19.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$943,395
2 years$502,833$493,468$484,392$475,592$467,057$429,793
3 years$331,892$322,487$313,434$304,717$296,320$260,389
4 years$246,438$237,062$228,100$219,531$211,338$177,013
5 years$195,180$185,859$177,015$168,621$160,656$128,026
6 years$161,018$151,768$143,054$134,848$127,121$96,209
7 years$136,627$127,455$118,879$110,866$103,384$74,179
8 years$118,342$109,252$100,818$93,002$85,767$58,242
9 years$104,127$95,124$86,835$79,217$72,228$46,344
10 years$92,762$83,847$75,705$68,286$61,542$37,250
11 years$83,470$74,644$66,649$59,429$52,928$30,175
12 years$75,732$66,996$59,149$52,128$45,866$24,593
13 years$69,189$60,545$52,846$46,021$39,996$20,140
14 years$63,586$55,034$47,482$40,852$35,061$16,558
15 years$58,735$50,274$42,870$36,433$30,870$13,655
16 years$54,494$46,126$38,868$32,622$27,283$11,290
17 years$50,755$42,480$35,369$29,310$24,191$9,354
18 years$47,436$39,254$32,287$26,415$21,510$7,763
19 years$44,470$36,380$29,557$23,868$19,172$6,452
20 years$41,804$33,806$27,126$21,617$17,125$5,369
21 years$39,395$31,489$24,951$19,619$15,325$4,471
22 years$37,207$29,394$22,996$17,838$13,736$3,727
23 years$35,213$27,491$21,233$16,245$12,331$3,108
24 years$33,388$25,758$19,637$14,817$11,083$2,594
25 years$31,711$24,172$18,187$13,531$9,973$2,166
26 years$30,166$22,718$16,868$12,372$8,983$1,809
27 years$28,738$21,380$15,663$11,325$8,099$1,511
28 years$27,414$20,147$14,561$10,376$7,308$1,263
29 years$26,184$19,006$13,550$9,515$6,599$1,056
30 years$25,037$17,949$12,622$8,732$5,963$883
31 years$23,967$16,968$11,767$8,020$5,391$738
32 years$22,966$16,055$10,979$7,371$4,876$617
33 years$22,027$15,204$10,251$6,778$4,413$516
34 years$21,146$14,410$9,578$6,236$3,996$432
35 years$20,317$13,668$8,955$5,741$3,619$361
36 years$19,535$12,973$8,377$5,287$3,279$302
37 years$18,798$12,321$7,841$4,871$2,972$253
38 years$18,101$11,710$7,342$4,490$2,694$211
39 years$17,441$11,135$6,879$4,140$2,443$177
40 years$16,816$10,594$6,448$3,819$2,216$148
41 years$16,223$10,084$6,046$3,523$2,010$124
42 years$15,660$9,604$5,671$3,251$1,824$104
43 years$15,124$9,151$5,322$3,001$1,656$87
44 years$14,614$8,722$4,995$2,771$1,503$73
45 years$14,128$8,318$4,690$2,559$1,364$61
46 years$13,665$7,935$4,405$2,364$1,239$51
47 years$13,223$7,572$4,139$2,184$1,125$43
48 years$12,800$7,229$3,889$2,018$1,022$36
49 years$12,396$6,903$3,656$1,865$928$30
50 years$12,009$6,594$3,437$1,724$843$25

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 $4,486 every year, while hoping to spend $51,228 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: 49/21/30 Blend
58$12,300,000$12,300,000$12,300,000$12,300,000
59$13,559,227$12,907,327$12,716,677$14,107,547
60$14,887,762$13,485,280$13,088,180$15,071,589
61$16,350,091$14,089,836$13,470,411$16,113,026
62$17,959,806$14,722,244$13,863,675$17,243,610
63$19,731,885$15,383,812$14,268,287$18,471,813
64$21,682,832$16,075,914$14,684,570$19,806,949
65$23,830,832$16,799,985$15,112,854$21,259,257
66$26,195,923$17,557,530$15,553,480$22,839,996
67$28,800,185$18,350,127$16,006,800$24,561,544
68$31,667,948$19,179,428$16,473,172$26,437,514
69$34,826,023$20,047,164$16,952,968$28,482,880
70$38,303,952$20,955,149$17,446,567$30,714,112
71$42,134,288$21,905,285$17,954,360$33,149,329
72$46,352,904$22,899,562$18,476,749$35,808,463
73$50,999,327$23,940,067$19,014,147$38,713,447
74$56,117,116$25,028,988$19,566,979$41,888,415
75$61,754,269$26,168,616$20,135,679$45,359,925
76$67,963,678$27,361,351$20,720,698$49,157,207
77$74,803,626$28,609,710$21,322,494$53,312,428
78$82,338,340$29,916,330$21,941,542$57,860,999
79$90,638,594$31,283,974$22,578,327$62,841,894
80$99,782,379$32,715,537$23,233,349$68,298,022
81$109,855,638$34,214,054$23,907,122$74,276,616
82$120,953,075$35,782,706$24,600,174$80,829,681
83$133,179,055$37,424,824$25,313,045$88,014,472
84$146,648,580$39,143,902$26,046,294$95,894,033
85$161,488,383$40,943,601$26,800,493$104,537,778
86$177,838,118$42,827,757$27,576,229$114,022,148
87$195,851,680$44,800,391$28,374,107$124,431,315
88$215,698,659$46,865,718$29,194,747$135,857,976
89$237,565,938$49,028,154$30,038,787$148,404,215
90$261,659,459$51,292,329$30,906,881$162,182,459
91$288,206,165$53,663,095$31,799,704$177,316,531
92$317,456,146$56,145,538$32,717,945$193,942,809
93$349,684,992$58,744,988$33,662,315$212,211,502
94$385,196,402$61,467,034$34,633,544$232,288,059
95$424,325,048$64,317,531$35,632,381$254,354,717
96$467,439,732$67,302,620$36,659,595$278,612,214
97$514,946,870$70,428,733$37,715,976$305,281,670
98$567,294,327$73,702,618$38,802,338$334,606,660
99$624,975,645$77,131,343$39,919,513$366,855,505
100$688,534,703$80,722,320$41,068,358$402,323,786