Can I retire at age 59 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$981,328
2 years$506,921$497,480$488,330$479,459$470,854$463,328
3 years$334,590$325,109$315,982$307,194$298,729$291,375
4 years$248,442$238,989$229,954$221,316$213,056$205,930
5 years$196,766$187,371$178,454$169,992$161,962$155,086
6 years$162,327$153,002$144,217$135,944$128,155$121,537
7 years$137,738$128,491$119,845$111,767$104,224$97,868
8 years$119,304$110,140$101,638$93,759$86,464$80,369
9 years$104,974$95,897$87,541$79,861$72,815$66,980
10 years$93,517$84,529$76,320$68,841$62,042$56,463
11 years$84,149$75,251$67,191$59,913$53,358$48,032
12 years$76,348$67,541$59,630$52,551$46,239$41,160
13 years$69,752$61,037$53,276$46,395$40,322$35,485
14 years$64,103$55,481$47,869$41,184$35,346$30,745
15 years$59,212$50,683$43,219$36,729$31,121$26,750
16 years$54,937$46,501$39,184$32,887$27,505$23,358
17 years$51,168$42,826$35,656$29,549$24,388$20,457
18 years$47,822$39,573$32,549$26,629$21,684$17,963
19 years$44,832$36,676$29,797$24,062$19,328$15,808
20 years$42,144$34,081$27,347$21,793$17,264$13,939
21 years$39,715$31,745$25,154$19,778$15,449$12,311
22 years$37,510$29,633$23,183$17,983$13,848$10,890
23 years$35,499$27,715$21,405$16,377$12,431$9,644
24 years$33,659$25,967$19,796$14,937$11,173$8,551
25 years$31,969$24,369$18,335$13,641$10,054$7,590
26 years$30,411$22,903$17,005$12,473$9,056$6,742
27 years$28,972$21,554$15,791$11,417$8,165$5,994
28 years$27,637$20,310$14,680$10,460$7,368$5,332
29 years$26,397$19,160$13,661$9,592$6,653$4,746
30 years$25,241$18,095$12,724$8,803$6,011$4,227
31 years$24,162$17,106$11,863$8,085$5,435$3,766
32 years$23,153$16,186$11,068$7,431$4,916$3,357
33 years$22,207$15,328$10,334$6,833$4,449$2,994
34 years$21,318$14,527$9,656$6,287$4,028$2,670
35 years$20,482$13,779$9,027$5,787$3,648$2,383
36 years$19,694$13,078$8,445$5,330$3,306$2,127
37 years$18,951$12,421$7,904$4,911$2,996$1,899
38 years$18,248$11,805$7,402$4,527$2,716$1,695
39 years$17,583$11,225$6,935$4,174$2,463$1,514
40 years$16,953$10,680$6,500$3,850$2,234$1,352
41 years$16,355$10,166$6,095$3,552$2,027$1,208
42 years$15,787$9,682$5,717$3,278$1,839$1,079
43 years$15,247$9,225$5,365$3,026$1,669$964
44 years$14,733$8,793$5,036$2,794$1,515$862
45 years$14,243$8,385$4,729$2,580$1,375$770
46 years$13,776$7,999$4,441$2,383$1,249$689
47 years$13,330$7,634$4,172$2,202$1,134$616
48 years$12,904$7,287$3,921$2,035$1,030$550
49 years$12,497$6,959$3,685$1,880$935$492
50 years$12,107$6,648$3,465$1,738$850$440

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,400,000, adding $4,784 every year, while hoping to spend $33,478 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: 79/12/9 Blend
58$12,400,000$12,400,000$12,400,000$12,400,000
59$13,669,735$13,012,535$12,820,335$14,730,657
60$15,028,427$13,614,529$13,214,196$16,029,551
61$16,524,585$14,244,898$13,620,129$17,449,284
62$18,172,192$14,904,998$14,038,503$19,005,771
63$19,986,662$15,596,250$14,469,700$20,712,641
64$21,984,977$16,320,141$14,914,109$22,584,905
65$24,185,849$17,078,232$15,372,137$24,639,086
66$26,609,900$17,872,160$15,844,198$26,893,382
67$29,279,853$18,703,639$16,330,721$29,367,831
68$32,220,747$19,574,466$16,832,149$32,084,499
69$35,460,174$20,486,526$17,348,937$35,067,687
70$39,028,539$21,441,793$17,881,554$38,344,157
71$42,959,348$22,442,339$18,430,484$41,943,385
72$47,289,520$23,490,332$18,996,224$45,897,832
73$52,059,743$24,588,050$19,579,289$50,243,252
74$57,314,849$25,737,877$20,180,207$55,019,027
75$63,104,243$26,942,312$20,799,524$60,268,533
76$69,482,369$28,203,979$21,437,802$66,039,550
77$76,509,221$29,525,624$22,095,618$72,384,707
78$84,250,911$30,910,129$22,773,571$79,361,979
79$92,780,293$32,360,514$23,472,274$87,035,228
80$102,177,648$33,879,945$24,192,361$95,474,803
81$112,531,448$35,471,742$24,934,484$104,758,205
82$123,939,183$37,139,384$25,699,317$114,970,807
83$136,508,287$38,886,521$26,487,551$126,206,663
84$150,357,150$40,716,979$27,299,902$138,569,390
85$165,616,234$42,634,766$28,137,104$152,173,139
86$182,429,310$44,644,089$28,999,916$167,143,672
87$200,954,805$46,749,356$29,889,120$183,619,543
88$221,367,309$48,955,188$30,805,519$201,753,402
89$243,859,215$51,266,432$31,749,944$221,713,429
90$268,642,537$53,688,169$32,723,249$243,684,921
91$295,950,912$56,225,726$33,726,315$267,872,029
92$326,041,808$58,884,689$34,760,048$294,499,686
93$359,198,947$61,670,914$35,825,385$323,815,722
94$395,734,993$64,590,541$36,923,288$356,093,195
95$435,994,494$67,650,010$38,054,750$391,632,969
96$480,357,142$70,856,070$39,220,794$430,766,539
97$529,241,353$74,215,800$40,422,474$473,859,159
98$583,108,219$77,736,622$41,660,874$521,313,282
99$642,465,859$81,426,319$42,937,115$573,572,351
100$707,874,217$85,293,049$44,252,349$631,124,977