Can I retire at age 59 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$988,097
2 years$515,097$505,504$496,207$487,192$478,448$461,727
3 years$339,987$330,352$321,079$312,149$303,547$287,271
4 years$252,449$242,844$233,663$224,886$216,493$200,786
5 years$199,940$190,393$181,332$172,734$164,574$149,483
6 years$164,946$155,470$146,543$138,137$130,222$115,763
7 years$139,959$130,563$121,778$113,570$105,905$92,083
8 years$121,228$111,917$103,277$95,271$87,859$74,670
9 years$106,667$97,444$88,953$81,150$73,990$61,428
10 years$95,025$85,892$77,551$69,952$63,043$51,098
11 years$85,506$76,465$68,275$60,879$54,219$42,878
12 years$77,579$68,630$60,592$53,399$46,985$36,233
13 years$70,877$62,022$54,135$47,143$40,972$30,793
14 years$65,137$56,376$48,641$41,849$35,916$26,292
15 years$60,167$51,501$43,916$37,322$31,623$22,537
16 years$55,823$47,251$39,816$33,417$27,949$19,382
17 years$51,993$43,516$36,231$30,025$24,781$16,714
18 years$48,593$40,211$33,074$27,059$22,034$14,447
19 years$45,555$37,267$30,278$24,450$19,640$12,512
20 years$42,823$34,630$27,788$22,144$17,542$10,855
21 years$40,355$32,257$25,559$20,097$15,698$9,431
22 years$38,115$30,111$23,557$18,273$14,071$8,204
23 years$36,072$28,162$21,751$16,642$12,631$7,145
24 years$34,202$26,386$20,116$15,178$11,353$6,228
25 years$32,485$24,762$18,631$13,862$10,216$5,433
26 years$30,902$23,272$17,279$12,674$9,202$4,743
27 years$29,439$21,902$16,045$11,601$8,297$4,143
28 years$28,083$20,638$14,916$10,629$7,486$3,621
29 years$26,822$19,470$13,881$9,747$6,760$3,166
30 years$25,648$18,387$12,930$8,945$6,108$2,769
31 years$24,552$17,382$12,054$8,216$5,522$2,423
32 years$23,526$16,447$11,246$7,550$4,995$2,121
33 years$22,565$15,575$10,501$6,943$4,521$1,857
34 years$21,662$14,762$9,811$6,388$4,093$1,626
35 years$20,812$14,001$9,173$5,881$3,707$1,425
36 years$20,012$13,289$8,581$5,416$3,359$1,248
37 years$19,256$12,622$8,032$4,990$3,044$1,094
38 years$18,542$11,995$7,521$4,600$2,760$958
39 years$17,867$11,406$7,047$4,241$2,503$840
40 years$17,226$10,852$6,605$3,912$2,270$736
41 years$16,619$10,330$6,193$3,609$2,060$645
42 years$16,042$9,838$5,810$3,331$1,869$566
43 years$15,493$9,374$5,451$3,075$1,696$496
44 years$14,971$8,935$5,117$2,839$1,540$435
45 years$14,473$8,520$4,805$2,622$1,398$381
46 years$13,998$8,128$4,513$2,422$1,269$334
47 years$13,545$7,757$4,240$2,237$1,152$293
48 years$13,112$7,405$3,984$2,068$1,046$257
49 years$12,698$7,071$3,745$1,911$950$226
50 years$12,302$6,755$3,521$1,766$863$198

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,600,000, adding $6,850 every year, while hoping to spend $46,519 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: 38/39/23 Blend
58$12,600,000$12,600,000$12,600,000$12,600,000
59$13,892,266$13,224,466$13,029,166$14,324,421
60$15,259,781$13,822,969$13,416,147$15,237,632
61$16,765,224$14,449,239$13,814,533$16,219,065
62$18,422,613$15,104,589$14,224,657$17,278,817
63$20,247,398$15,790,392$14,646,860$18,424,002
64$22,256,599$16,508,087$15,081,497$19,662,419
65$24,468,974$17,259,185$15,528,929$21,002,627
66$26,905,190$18,045,267$15,989,529$22,454,017
67$29,588,023$18,867,988$16,463,681$24,026,895
68$32,542,567$19,729,085$16,951,781$25,732,574
69$35,796,477$20,630,378$17,454,233$27,583,476
70$39,380,224$21,573,773$17,971,456$29,593,240
71$43,327,387$22,561,269$18,503,881$31,776,848
72$47,674,968$23,594,958$19,051,948$34,150,756
73$52,463,741$24,677,037$19,616,114$36,733,044
74$57,738,634$25,809,804$20,196,846$39,543,581
75$63,549,160$26,995,669$20,794,626$42,604,199
76$69,949,877$28,237,160$21,409,948$45,938,898
77$77,000,907$29,536,922$22,043,323$49,574,057
78$84,768,499$30,897,732$22,695,275$53,538,680
79$93,325,662$32,322,496$23,366,342$57,864,658
80$102,752,844$33,814,263$24,057,079$62,587,057
81$113,138,700$35,376,228$24,768,057$67,744,447
82$124,580,923$37,011,738$25,499,863$73,379,246
83$137,187,167$38,724,304$26,253,099$79,538,115
84$151,076,067$40,517,604$27,028,387$86,272,386
85$166,378,353$42,395,494$27,826,364$93,638,533
86$183,238,087$44,362,015$28,647,689$101,698,694
87$201,814,021$46,421,403$29,493,036$110,521,240
88$222,281,099$48,578,099$30,363,100$120,181,415
89$244,832,103$50,836,758$31,258,596$130,762,020
90$269,679,477$53,202,258$32,180,259$142,354,192
91$297,057,330$55,679,715$33,128,843$155,058,236
92$327,223,645$58,274,489$34,105,128$168,984,566
93$360,462,719$60,992,201$35,109,912$184,254,722
94$397,087,840$63,838,743$36,144,017$201,002,502
95$437,444,248$66,820,289$37,208,290$219,375,208
96$481,912,392$69,943,315$38,303,599$239,535,013
97$530,911,526$73,214,607$39,430,839$261,660,471
98$584,903,660$76,641,280$40,590,930$285,948,185
99$644,397,925$80,230,795$41,784,818$312,614,635
100$709,955,378$83,990,969$43,013,475$341,898,200