Can I retire at age 59 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,002,975
2 years$519,185$509,516$500,145$491,059$482,246$472,433
3 years$342,685$332,974$323,627$314,626$305,956$296,376
4 years$254,453$244,771$235,517$226,670$218,211$208,937
5 years$201,527$191,904$182,771$174,105$165,880$156,940
6 years$166,255$156,704$147,706$139,233$131,255$122,660
7 years$141,070$131,600$122,745$114,471$106,746$98,498
8 years$122,190$112,805$104,097$96,027$88,556$80,657
9 years$107,513$98,217$89,659$81,794$74,577$67,023
10 years$95,779$86,574$78,167$70,507$63,543$56,330
11 years$86,184$77,071$68,817$61,362$54,649$47,771
12 years$78,195$69,175$61,073$53,823$47,358$40,808
13 years$71,439$62,514$54,565$47,517$41,297$35,068
14 years$65,654$56,824$49,027$42,181$36,201$30,284
15 years$60,645$51,909$44,264$37,618$31,874$26,261
16 years$56,266$47,626$40,132$33,683$28,170$22,852
17 years$52,406$43,862$36,519$30,264$24,978$19,944
18 years$48,979$40,530$33,337$27,274$22,209$17,451
19 years$45,916$37,563$30,518$24,644$19,795$15,302
20 years$43,163$34,905$28,008$22,320$17,682$13,444
21 years$40,676$32,513$25,762$20,257$15,823$11,830
22 years$38,417$30,350$23,744$18,418$14,183$10,425
23 years$36,358$28,385$21,923$16,774$12,732$9,198
24 years$34,474$26,595$20,275$15,299$11,443$8,124
25 years$32,743$24,958$18,779$13,972$10,297$7,183
26 years$31,147$23,457$17,417$12,775$9,276$6,355
27 years$29,672$22,076$16,173$11,693$8,363$5,627
28 years$28,306$20,802$15,035$10,713$7,546$4,986
29 years$27,035$19,624$13,991$9,824$6,814$4,421
30 years$25,852$18,533$13,032$9,016$6,157$3,921
31 years$24,747$17,520$12,150$8,281$5,566$3,479
32 years$23,713$16,577$11,336$7,610$5,035$3,089
33 years$22,744$15,699$10,584$6,998$4,557$2,743
34 years$21,834$14,879$9,889$6,439$4,126$2,437
35 years$20,977$14,112$9,246$5,927$3,737$2,165
36 years$20,171$13,395$8,649$5,459$3,386$1,924
37 years$19,409$12,722$8,095$5,030$3,068$1,711
38 years$18,689$12,090$7,581$4,636$2,782$1,521
39 years$18,008$11,497$7,103$4,275$2,523$1,352
40 years$17,363$10,938$6,657$3,943$2,288$1,203
41 years$16,751$10,412$6,242$3,638$2,076$1,070
42 years$16,169$9,916$5,856$3,357$1,884$952
43 years$15,616$9,448$5,495$3,099$1,710$847
44 years$15,089$9,006$5,158$2,861$1,552$754
45 years$14,588$8,588$4,843$2,643$1,409$671
46 years$14,109$8,193$4,549$2,441$1,279$597
47 years$13,653$7,818$4,273$2,255$1,161$531
48 years$13,216$7,464$4,016$2,084$1,055$473
49 years$12,799$7,127$3,775$1,926$958$421
50 years$12,400$6,808$3,549$1,780$870$375

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,700,000, adding $5,428 every year, while hoping to spend $50,213 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: 74/18/8 Blend
58$12,700,000$12,700,000$12,700,000$12,700,000
59$14,000,999$13,327,899$13,131,049$15,019,297
60$15,375,675$13,927,540$13,517,513$16,290,628
61$16,888,884$14,554,880$13,915,240$17,676,105
62$18,554,705$15,211,224$14,324,556$19,192,473
63$20,388,650$15,897,938$14,745,793$20,852,667
64$22,407,809$16,616,455$15,179,294$22,670,924
65$24,631,018$17,368,273$15,625,412$24,662,915
66$27,079,028$18,154,965$16,084,511$26,845,891
67$29,774,709$18,978,178$16,556,961$29,238,842
68$32,743,258$19,839,637$17,043,148$31,862,675
69$36,012,442$20,741,152$17,543,466$34,740,407
70$39,612,858$21,684,615$18,058,319$37,897,381
71$43,578,222$22,672,013$18,588,125$41,361,501
72$47,945,686$23,705,427$19,133,312$45,163,491
73$52,756,189$24,787,036$19,694,321$49,337,186
74$58,054,845$25,919,126$20,271,606$53,919,844
75$63,891,366$27,104,090$20,865,631$58,952,495
76$70,320,532$28,344,437$21,476,877$64,480,325
77$77,402,709$29,642,797$22,105,835$70,553,098
78$85,204,417$31,001,926$22,753,012$77,225,622
79$93,798,958$32,424,710$23,418,928$84,558,262
80$103,267,108$33,914,178$24,104,119$92,617,505
81$113,697,880$35,473,500$24,809,134$101,476,586
82$125,189,363$37,106,000$25,534,539$111,216,166
83$137,849,648$38,815,164$26,280,916$121,925,100
84$151,797,847$40,604,643$27,048,862$133,701,259
85$167,165,220$42,478,263$27,838,991$146,652,458
86$184,096,411$44,440,036$28,651,936$160,897,459
87$202,750,814$46,494,167$29,488,345$176,567,095
88$223,304,078$48,645,062$30,348,886$193,805,490
89$245,949,765$50,897,341$31,234,244$212,771,420
90$270,901,174$53,255,844$32,145,124$233,639,800
91$298,393,361$55,725,647$33,082,252$256,603,329
92$328,685,348$58,312,068$34,046,373$281,874,303
93$362,062,578$61,020,684$35,038,251$309,686,611
94$398,839,602$63,857,339$36,058,673$340,297,932
95$439,363,052$66,828,159$37,108,449$373,992,161
96$484,014,911$69,939,566$38,188,410$411,082,079
97$533,216,120$73,198,293$39,299,409$451,912,298
98$587,430,550$76,611,395$40,442,325$496,862,501
99$647,169,383$80,186,270$41,618,060$546,351,017
100$712,995,935$83,930,673$42,827,541$600,838,763