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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$964,474
2 years$511,009$501,492$492,268$483,326$474,651$442,419
3 years$337,289$327,731$318,530$309,671$301,138$269,979
4 years$250,446$240,917$231,808$223,101$214,774$184,927
5 years$198,353$188,882$179,893$171,363$163,268$134,812
6 years$163,636$154,236$145,380$137,040$129,188$102,148
7 years$138,848$129,527$120,812$112,668$105,065$79,436
8 years$120,266$111,029$102,458$94,515$87,161$62,927
9 years$105,820$96,670$88,247$80,506$73,402$50,533
10 years$94,271$85,210$76,936$69,397$62,543$41,004
11 years$84,827$75,858$67,733$60,396$53,789$33,541
12 years$76,963$68,086$60,111$52,975$46,612$27,611
13 years$70,314$61,530$53,705$46,769$40,647$22,845
14 years$64,620$55,929$48,255$41,516$35,631$18,979
15 years$59,690$51,092$43,567$37,025$31,372$15,820
16 years$55,380$46,876$39,500$33,152$27,727$13,223
17 years$51,581$43,171$35,944$29,787$24,584$11,077
18 years$48,208$39,892$32,812$26,844$21,859$9,297
19 years$45,193$36,971$30,038$24,256$19,484$7,815
20 years$42,484$34,356$27,567$21,968$17,403$6,578
21 years$40,035$32,001$25,356$19,938$15,574$5,542
22 years$37,812$29,872$23,370$18,128$13,960$4,674
23 years$35,786$27,938$21,578$16,509$12,531$3,945
24 years$33,931$26,176$19,956$15,058$11,263$3,332
25 years$32,227$24,565$18,483$13,752$10,135$2,815
26 years$30,657$23,087$17,142$12,574$9,129$2,380
27 years$29,205$21,728$15,918$11,509$8,231$2,013
28 years$27,860$20,474$14,798$10,545$7,427$1,703
29 years$26,609$19,315$13,771$9,670$6,706$1,441
30 years$25,445$18,241$12,827$8,874$6,060$1,219
31 years$24,357$17,244$11,958$8,150$5,478$1,032
32 years$23,340$16,316$11,157$7,490$4,956$874
33 years$22,386$15,452$10,418$6,888$4,485$740
34 years$21,490$14,645$9,734$6,338$4,061$627
35 years$20,647$13,890$9,100$5,834$3,678$531
36 years$19,853$13,184$8,513$5,373$3,332$450
37 years$19,103$12,522$7,968$4,951$3,020$381
38 years$18,395$11,900$7,462$4,563$2,738$323
39 years$17,725$11,316$6,991$4,207$2,483$273
40 years$17,089$10,766$6,552$3,881$2,252$232
41 years$16,487$10,248$6,144$3,580$2,043$196
42 years$15,914$9,760$5,763$3,304$1,854$166
43 years$15,370$9,299$5,408$3,050$1,683$141
44 years$14,852$8,864$5,077$2,816$1,527$119
45 years$14,358$8,453$4,767$2,601$1,387$101
46 years$13,887$8,064$4,477$2,403$1,259$86
47 years$13,438$7,695$4,206$2,220$1,143$73
48 years$13,008$7,346$3,953$2,051$1,038$62
49 years$12,597$7,015$3,715$1,896$943$52
50 years$12,204$6,701$3,493$1,752$856$44

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 $3,854 every year, while hoping to spend $46,028 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: 49/30/21 Blend
58$12,500,000$12,500,000$12,500,000$12,500,000
59$13,778,975$13,116,475$12,922,725$14,372,525
60$15,135,457$13,710,209$13,306,663$15,378,971
61$16,628,758$14,331,493$13,701,920$16,466,737
62$18,272,784$14,981,629$14,108,827$17,647,503
63$20,082,859$15,661,980$14,527,724$18,930,047
64$22,075,869$16,373,976$14,958,961$20,324,012
65$24,270,419$17,119,112$15,402,898$21,839,995
66$26,687,013$17,898,959$15,859,906$23,489,640
67$29,348,240$18,715,160$16,330,365$25,285,748
68$32,278,996$19,569,438$16,814,667$27,242,387
69$35,506,712$20,463,599$17,313,217$29,375,026
70$39,061,615$21,399,535$17,826,429$31,700,673
71$42,977,016$22,379,227$18,354,730$34,238,030
72$47,289,617$23,404,755$18,898,559$37,007,668
73$52,039,865$24,478,295$19,458,368$40,032,209
74$57,272,330$25,602,130$20,034,622$43,336,539
75$63,036,125$26,778,652$20,627,799$46,948,035
76$69,385,370$28,010,366$21,238,390$50,896,817
77$76,379,705$29,299,901$21,866,903$55,216,026
78$84,084,848$30,650,010$22,513,858$59,942,127
79$92,573,219$32,063,577$23,179,789$65,115,252
80$101,924,624$33,543,629$23,865,249$70,779,563
81$112,227,004$35,093,334$24,570,802$76,983,670
82$123,577,267$36,716,017$25,297,033$83,781,073
83$136,082,205$38,415,159$26,044,541$91,230,664
84$149,859,499$40,194,410$26,813,941$99,397,270
85$165,038,829$42,057,597$27,605,870$108,352,259
86$181,763,101$44,008,731$28,420,978$118,174,200
87$200,189,794$46,052,016$29,259,937$128,949,599
88$220,492,445$48,191,857$30,123,437$140,773,698
89$242,862,291$50,432,874$31,012,189$153,751,369
90$267,510,068$52,779,909$31,926,921$167,998,088
91$294,668,008$55,238,037$32,868,385$183,641,017
92$324,592,022$57,812,578$33,837,354$200,820,184
93$357,564,124$60,509,110$34,834,621$219,689,799
94$393,895,088$63,333,480$35,861,004$240,419,690
95$433,927,382$66,291,815$36,917,342$263,196,896
96$478,038,402$69,390,541$38,004,501$288,227,413
97$526,644,034$72,636,393$39,123,367$315,738,123
98$580,202,581$76,036,432$40,274,855$345,978,921
99$639,219,087$79,598,060$41,459,905$379,225,055
100$704,250,106$83,329,036$42,679,484$415,779,705