Can I retire at age 59 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,001,310
2 years$523,273$513,528$504,083$494,925$486,043$466,594
3 years$345,384$335,596$326,175$317,104$308,366$289,453
4 years$256,456$246,699$237,372$228,455$219,929$201,699
5 years$203,114$193,415$184,210$175,476$167,186$149,691
6 years$167,564$157,938$148,869$140,329$132,289$115,547
7 years$142,181$132,636$123,711$115,372$107,586$91,603
8 years$123,152$113,693$104,917$96,783$89,253$74,024
9 years$108,360$98,991$90,365$82,438$75,164$60,679
10 years$96,533$87,255$78,782$71,062$64,044$50,289
11 years$86,863$77,678$69,359$61,845$55,080$42,040
12 years$78,810$69,720$61,554$54,247$47,731$35,387
13 years$72,002$63,006$54,994$47,892$41,622$29,955
14 years$66,171$57,271$49,413$42,513$36,486$25,474
15 years$61,122$52,318$44,613$37,914$32,125$21,746
16 years$56,709$48,001$40,448$33,948$28,392$18,623
17 years$52,819$44,207$36,806$30,502$25,174$15,991
18 years$49,365$40,849$33,599$27,488$22,384$13,762
19 years$46,278$37,859$30,759$24,838$19,951$11,866
20 years$43,503$35,180$28,229$22,496$17,821$10,248
21 years$40,996$32,769$25,965$20,416$15,948$8,864
22 years$38,720$30,589$23,931$18,563$14,295$7,675
23 years$36,645$28,609$22,096$16,906$12,832$6,653
24 years$34,745$26,805$20,435$15,419$11,534$5,772
25 years$33,000$25,155$18,927$14,082$10,378$5,011
26 years$31,392$23,642$17,554$12,875$9,349$4,354
27 years$29,906$22,249$16,300$11,785$8,428$3,785
28 years$28,528$20,966$15,153$10,798$7,605$3,292
29 years$27,248$19,779$14,101$9,902$6,867$2,864
30 years$26,055$18,679$13,135$9,087$6,205$2,493
31 years$24,942$17,658$12,245$8,346$5,610$2,171
32 years$23,900$16,708$11,425$7,670$5,075$1,891
33 years$22,923$15,822$10,668$7,053$4,592$1,647
34 years$22,006$14,996$9,967$6,490$4,158$1,435
35 years$21,143$14,224$9,319$5,974$3,766$1,251
36 years$20,329$13,500$8,717$5,502$3,412$1,090
37 years$19,562$12,822$8,159$5,069$3,093$950
38 years$18,837$12,186$7,641$4,673$2,804$829
39 years$18,150$11,587$7,159$4,308$2,543$723
40 years$17,500$11,024$6,710$3,974$2,306$630
41 years$16,882$10,494$6,292$3,666$2,092$550
42 years$16,296$9,994$5,902$3,384$1,898$479
43 years$15,739$9,523$5,538$3,123$1,723$418
44 years$15,208$9,077$5,198$2,884$1,564$365
45 years$14,703$8,656$4,881$2,663$1,420$318
46 years$14,220$8,257$4,584$2,460$1,289$277
47 years$13,760$7,880$4,307$2,273$1,171$242
48 years$13,320$7,522$4,047$2,100$1,063$211
49 years$12,900$7,184$3,804$1,941$965$184
50 years$12,497$6,862$3,577$1,794$877$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,800,000, adding $3,501 every year, while hoping to spend $49,523 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: 57/21/22 Blend
58$12,800,000$12,800,000$12,800,000$12,800,000
59$14,109,211$13,430,811$13,232,411$14,829,613
60$15,495,659$14,036,229$13,623,005$15,926,941
61$17,021,864$14,669,652$14,025,024$17,116,681
62$18,702,030$15,332,401$14,438,798$18,412,267
63$20,551,807$16,025,859$14,864,668$19,823,912
64$22,588,440$16,751,474$15,302,983$21,362,846
65$24,830,930$17,510,766$15,754,102$23,041,421
66$27,300,216$18,305,325$16,218,395$24,873,225
67$30,019,370$19,136,817$16,696,243$26,873,204
68$33,013,816$20,006,991$17,188,037$29,057,801
69$36,311,567$20,917,676$17,694,179$31,445,108
70$39,943,495$21,870,790$18,215,082$34,055,033
71$43,943,616$22,868,344$18,751,172$36,909,483
72$48,349,416$23,912,443$19,302,887$40,032,566
73$53,202,198$25,005,295$19,870,675$43,450,818
74$58,547,480$26,149,212$20,455,001$47,193,444
75$64,435,419$27,346,619$21,056,339$51,292,591
76$70,921,285$28,600,057$21,675,180$55,783,648
77$78,065,982$29,912,186$22,312,025$60,705,573
78$85,936,627$31,285,797$22,967,392$66,101,257
79$94,607,176$32,723,815$23,641,813$72,017,920
80$104,159,130$34,229,304$24,335,836$78,507,555
81$114,682,297$35,805,475$25,050,021$85,627,410
82$126,275,643$37,455,695$25,784,949$93,440,523
83$139,048,226$39,183,492$26,541,213$102,016,311
84$153,120,226$40,992,564$27,319,424$111,431,216
85$168,624,076$42,886,786$28,120,212$121,769,422
86$185,705,714$44,870,222$28,944,221$133,123,642
87$204,525,963$46,947,128$29,792,118$145,595,982
88$225,262,041$49,121,968$30,664,585$159,298,902
89$248,109,245$51,399,419$31,562,323$174,356,262
90$273,282,783$53,784,386$32,486,056$190,904,491
91$301,019,813$56,282,007$33,436,526$209,093,858
92$331,581,679$58,897,671$34,414,495$229,089,883
93$365,256,378$61,637,024$35,420,748$251,074,892
94$402,361,277$64,505,987$36,456,091$275,249,723
95$443,246,112$67,510,765$37,521,355$301,835,616
96$488,296,285$70,657,862$38,617,390$331,076,283
97$537,936,507$73,954,098$39,745,073$363,240,205
98$592,634,802$77,406,620$40,905,304$398,623,147
99$652,906,929$81,022,922$42,099,010$437,550,938
100$719,321,250$84,810,859$43,327,141$480,382,536