Can I retire at age 59 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$973,066
2 years$511,009$501,492$492,268$483,326$474,651$450,911
3 years$337,289$327,731$318,530$309,671$301,138$278,101
4 years$250,446$240,917$231,808$223,101$214,774$192,618
5 years$198,353$188,882$179,893$171,363$163,268$142,054
6 years$163,636$154,236$145,380$137,040$129,188$108,938
7 years$138,848$129,527$120,812$112,668$105,065$85,781
8 years$120,266$111,029$102,458$94,515$87,161$68,837
9 years$105,820$96,670$88,247$80,506$73,402$56,022
10 years$94,271$85,210$76,936$69,397$62,543$46,087
11 years$84,827$75,858$67,733$60,396$53,789$38,235
12 years$76,963$68,086$60,111$52,975$46,612$31,934
13 years$70,314$61,530$53,705$46,769$40,647$26,817
14 years$64,620$55,929$48,255$41,516$35,631$22,620
15 years$59,690$51,092$43,567$37,025$31,372$19,149
16 years$55,380$46,876$39,500$33,152$27,727$16,260
17 years$51,581$43,171$35,944$29,787$24,584$13,842
18 years$48,208$39,892$32,812$26,844$21,859$11,808
19 years$45,193$36,971$30,038$24,256$19,484$10,091
20 years$42,484$34,356$27,567$21,968$17,403$8,637
21 years$40,035$32,001$25,356$19,938$15,574$7,402
22 years$37,812$29,872$23,370$18,128$13,960$6,350
23 years$35,786$27,938$21,578$16,509$12,531$5,453
24 years$33,931$26,176$19,956$15,058$11,263$4,686
25 years$32,227$24,565$18,483$13,752$10,135$4,030
26 years$30,657$23,087$17,142$12,574$9,129$3,468
27 years$29,205$21,728$15,918$11,509$8,231$2,986
28 years$27,860$20,474$14,798$10,545$7,427$2,571
29 years$26,609$19,315$13,771$9,670$6,706$2,215
30 years$25,445$18,241$12,827$8,874$6,060$1,909
31 years$24,357$17,244$11,958$8,150$5,478$1,646
32 years$23,340$16,316$11,157$7,490$4,956$1,419
33 years$22,386$15,452$10,418$6,888$4,485$1,224
34 years$21,490$14,645$9,734$6,338$4,061$1,056
35 years$20,647$13,890$9,100$5,834$3,678$911
36 years$19,853$13,184$8,513$5,373$3,332$786
37 years$19,103$12,522$7,968$4,951$3,020$678
38 years$18,395$11,900$7,462$4,563$2,738$585
39 years$17,725$11,316$6,991$4,207$2,483$505
40 years$17,089$10,766$6,552$3,881$2,252$436
41 years$16,487$10,248$6,144$3,580$2,043$377
42 years$15,914$9,760$5,763$3,304$1,854$325
43 years$15,370$9,299$5,408$3,050$1,683$281
44 years$14,852$8,864$5,077$2,816$1,527$242
45 years$14,358$8,453$4,767$2,601$1,387$209
46 years$13,887$8,064$4,477$2,403$1,259$181
47 years$13,438$7,695$4,206$2,220$1,143$156
48 years$13,008$7,346$3,953$2,051$1,038$135
49 years$12,597$7,015$3,715$1,896$943$116
50 years$12,204$6,701$3,493$1,752$856$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,500,000, adding $6,729 every year, while hoping to spend $38,056 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: 47/41/12 Blend
58$12,500,000$12,500,000$12,500,000$12,500,000
59$13,781,941$13,119,441$12,925,691$14,383,303
60$15,147,208$13,721,802$13,318,210$15,401,597
61$16,650,456$14,352,404$13,722,604$16,501,649
62$18,305,720$15,012,589$14,139,228$17,694,680
63$20,128,464$15,703,767$14,568,453$18,989,351
64$22,135,728$16,427,412$15,010,657$20,395,169
65$24,346,289$17,185,072$15,466,231$21,922,573
66$26,780,838$17,978,367$15,935,577$23,583,027
67$29,462,174$18,808,998$16,419,109$25,389,123
68$32,415,422$19,678,745$16,917,256$27,354,692
69$35,668,267$20,589,476$17,430,455$29,494,931
70$39,251,215$21,543,145$17,959,161$31,826,539
71$43,197,886$22,541,806$18,503,839$34,367,868
72$47,545,322$23,587,606$19,064,970$37,139,088
73$52,334,346$24,682,800$19,643,048$40,162,374
74$57,609,942$25,829,750$20,238,582$43,462,103
75$63,421,680$27,030,932$20,852,099$47,065,081
76$69,824,184$28,288,940$21,484,137$51,000,783
77$76,877,649$29,606,496$22,135,253$55,301,624
78$84,648,406$30,986,451$22,806,021$60,003,259
79$93,209,551$32,431,795$23,497,030$65,144,906
80$102,641,633$33,945,661$24,208,889$70,769,708
81$113,033,417$35,531,335$24,942,224$76,925,130
82$124,482,716$37,192,261$25,697,678$83,663,395
83$137,097,320$38,932,049$26,475,918$91,041,968
84$150,996,010$40,754,483$27,277,625$99,124,081
85$166,309,682$42,663,532$28,103,504$107,979,326
86$183,182,579$44,663,354$28,954,281$117,684,291
87$201,773,655$46,758,312$29,830,702$128,323,273
88$222,258,074$48,952,975$30,733,537$139,989,057
89$244,828,864$51,252,137$31,663,577$152,783,782
90$269,698,739$53,660,823$32,621,638$166,819,881
91$297,102,108$56,184,300$33,608,560$182,221,135
92$327,297,284$58,828,092$34,625,208$199,123,818
93$360,568,927$61,597,989$35,672,473$217,677,968
94$397,230,728$64,500,061$36,751,271$238,048,782
95$437,628,372$67,540,674$37,862,548$260,418,159
96$482,142,799$70,726,500$39,007,277$284,986,394
97$531,193,802$74,064,536$40,186,458$311,974,049
98$585,243,989$77,562,117$41,401,123$341,624,010
99$644,803,151$81,226,935$42,652,335$374,203,758
100$710,433,071$85,067,054$43,941,188$410,007,867