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%17.2%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$975,315
2 years$515,097$505,504$496,207$487,192$478,448$449,040
3 years$339,987$330,352$321,079$312,149$303,547$275,079
4 years$252,449$242,844$233,663$224,886$216,493$189,182
5 years$199,940$190,393$181,332$172,734$164,574$138,497
6 years$164,946$155,470$146,543$138,137$130,222$105,401
7 years$139,959$130,563$121,778$113,570$105,905$82,340
8 years$121,228$111,917$103,277$95,271$87,859$65,535
9 years$106,667$97,444$88,953$81,150$73,990$52,885
10 years$95,025$85,892$77,551$69,952$63,043$43,129
11 years$85,506$76,465$68,275$60,879$54,219$35,461
12 years$77,579$68,630$60,592$53,399$46,985$29,347
13 years$70,877$62,022$54,135$47,143$40,972$24,413
14 years$65,137$56,376$48,641$41,849$35,916$20,395
15 years$60,167$51,501$43,916$37,322$31,623$17,096
16 years$55,823$47,251$39,816$33,417$27,949$14,372
17 years$51,993$43,516$36,231$30,025$24,781$12,111
18 years$48,593$40,211$33,074$27,059$22,034$10,225
19 years$45,555$37,267$30,278$24,450$19,640$8,647
20 years$42,823$34,630$27,788$22,144$17,542$7,323
21 years$40,355$32,257$25,559$20,097$15,698$6,208
22 years$38,115$30,111$23,557$18,273$14,071$5,269
23 years$36,072$28,162$21,751$16,642$12,631$4,475
24 years$34,202$26,386$20,116$15,178$11,353$3,803
25 years$32,485$24,762$18,631$13,862$10,216$3,234
26 years$30,902$23,272$17,279$12,674$9,202$2,752
27 years$29,439$21,902$16,045$11,601$8,297$2,342
28 years$28,083$20,638$14,916$10,629$7,486$1,994
29 years$26,822$19,470$13,881$9,747$6,760$1,699
30 years$25,648$18,387$12,930$8,945$6,108$1,447
31 years$24,552$17,382$12,054$8,216$5,522$1,233
32 years$23,526$16,447$11,246$7,550$4,995$1,051
33 years$22,565$15,575$10,501$6,943$4,521$896
34 years$21,662$14,762$9,811$6,388$4,093$764
35 years$20,812$14,001$9,173$5,881$3,707$651
36 years$20,012$13,289$8,581$5,416$3,359$556
37 years$19,256$12,622$8,032$4,990$3,044$474
38 years$18,542$11,995$7,521$4,600$2,760$404
39 years$17,867$11,406$7,047$4,241$2,503$345
40 years$17,226$10,852$6,605$3,912$2,270$294
41 years$16,619$10,330$6,193$3,609$2,060$251
42 years$16,042$9,838$5,810$3,331$1,869$214
43 years$15,493$9,374$5,451$3,075$1,696$182
44 years$14,971$8,935$5,117$2,839$1,540$156
45 years$14,473$8,520$4,805$2,622$1,398$133
46 years$13,998$8,128$4,513$2,422$1,269$113
47 years$13,545$7,757$4,240$2,237$1,152$97
48 years$13,112$7,405$3,984$2,068$1,046$82
49 years$12,698$7,071$3,745$1,911$950$70
50 years$12,302$6,755$3,521$1,766$863$60

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 $3,052 every year, while hoping to spend $47,167 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: 65/24/11 Blend
58$12,600,000$12,600,000$12,600,000$12,600,000
59$13,888,348$13,220,548$13,025,248$14,757,147
60$15,254,774$13,818,170$13,411,409$15,934,636
61$16,758,995$14,443,494$13,808,925$17,214,861
62$18,415,016$15,097,828$14,218,127$18,612,458
63$20,238,269$15,782,543$14,639,355$20,138,862
64$22,245,758$16,499,074$15,072,960$21,806,657
65$24,456,222$17,248,925$15,519,301$23,629,684
66$26,890,308$18,033,673$15,978,748$25,623,170
67$29,570,765$18,854,969$16,451,682$27,803,873
68$32,522,666$19,714,545$16,938,496$30,190,230
69$35,773,634$20,614,214$17,439,592$32,802,532
70$39,354,111$21,555,877$17,955,385$35,663,109
71$43,297,641$22,541,526$18,486,301$38,796,540
72$47,641,188$23,573,248$19,032,779$42,229,877
73$52,425,482$24,653,231$19,595,271$45,992,898
74$57,695,409$25,783,767$20,174,240$50,118,384
75$63,500,429$26,967,259$20,770,165$54,642,423
76$69,895,042$28,206,225$21,383,535$59,604,743
77$76,939,310$29,503,303$22,014,857$65,049,089
78$84,699,415$30,861,260$22,664,650$71,023,622
79$93,248,288$32,282,995$23,333,449$77,581,374
80$102,666,297$33,771,544$24,021,802$84,780,739
81$113,042,002$35,330,093$24,730,276$92,686,020
82$124,472,998$36,961,979$25,459,452$101,368,030
83$137,066,827$38,670,700$26,209,927$110,904,751
84$150,942,001$40,459,922$26,982,317$121,382,066
85$166,229,115$42,333,488$27,777,254$132,894,559
86$183,072,082$44,295,426$28,595,390$145,546,404
87$201,629,491$46,349,959$29,437,392$159,452,338
88$222,076,104$48,501,511$30,303,949$174,738,734
89$244,604,504$50,754,722$31,195,768$191,544,790
90$269,426,914$53,114,455$32,113,578$210,023,828
91$296,777,202$55,585,806$33,058,126$230,344,735
92$326,913,085$58,174,119$34,030,181$252,693,548
93$360,118,563$60,884,994$35,030,536$277,275,196
94$396,706,601$63,724,303$36,060,003$304,315,426
95$437,022,081$66,698,200$37,119,419$334,062,923
96$481,445,059$69,813,138$38,209,646$366,791,644
97$530,394,352$73,075,879$39,331,566$402,803,391
98$584,331,494$76,493,515$40,486,091$442,430,649
99$643,765,087$80,073,477$41,674,156$486,039,708
100$709,255,607$83,823,559$42,896,721$534,034,108