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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$990,000
2 years$523,273$513,528$504,083$494,925$486,043$455,382
3 years$345,384$335,596$326,175$317,104$308,366$278,695
4 years$256,456$246,699$237,372$228,455$219,929$191,476
5 years$203,114$193,415$184,210$175,476$167,186$140,028
6 years$167,564$157,938$148,869$140,329$132,289$106,449
7 years$142,181$132,636$123,711$115,372$107,586$83,065
8 years$123,152$113,693$104,917$96,783$89,253$66,034
9 years$108,360$98,991$90,365$82,438$75,164$53,223
10 years$96,533$87,255$78,782$71,062$64,044$43,350
11 years$86,863$77,678$69,359$61,845$55,080$35,597
12 years$78,810$69,720$61,554$54,247$47,731$29,420
13 years$72,002$63,006$54,994$47,892$41,622$24,441
14 years$66,171$57,271$49,413$42,513$36,486$20,390
15 years$61,122$52,318$44,613$37,914$32,125$17,068
16 years$56,709$48,001$40,448$33,948$28,392$14,328
17 years$52,819$44,207$36,806$30,502$25,174$12,056
18 years$49,365$40,849$33,599$27,488$22,384$10,164
19 years$46,278$37,859$30,759$24,838$19,951$8,582
20 years$43,503$35,180$28,229$22,496$17,821$7,257
21 years$40,996$32,769$25,965$20,416$15,948$6,143
22 years$38,720$30,589$23,931$18,563$14,295$5,205
23 years$36,645$28,609$22,096$16,906$12,832$4,414
24 years$34,745$26,805$20,435$15,419$11,534$3,745
25 years$33,000$25,155$18,927$14,082$10,378$3,180
26 years$31,392$23,642$17,554$12,875$9,349$2,701
27 years$29,906$22,249$16,300$11,785$8,428$2,296
28 years$28,528$20,966$15,153$10,798$7,605$1,952
29 years$27,248$19,779$14,101$9,902$6,867$1,659
30 years$26,055$18,679$13,135$9,087$6,205$1,412
31 years$24,942$17,658$12,245$8,346$5,610$1,201
32 years$23,900$16,708$11,425$7,670$5,075$1,022
33 years$22,923$15,822$10,668$7,053$4,592$870
34 years$22,006$14,996$9,967$6,490$4,158$740
35 years$21,143$14,224$9,319$5,974$3,766$630
36 years$20,329$13,500$8,717$5,502$3,412$536
37 years$19,562$12,822$8,159$5,069$3,093$457
38 years$18,837$12,186$7,641$4,673$2,804$389
39 years$18,150$11,587$7,159$4,308$2,543$331
40 years$17,500$11,024$6,710$3,974$2,306$282
41 years$16,882$10,494$6,292$3,666$2,092$240
42 years$16,296$9,994$5,902$3,384$1,898$204
43 years$15,739$9,523$5,538$3,123$1,723$174
44 years$15,208$9,077$5,198$2,884$1,564$148
45 years$14,703$8,656$4,881$2,663$1,420$126
46 years$14,220$8,257$4,584$2,460$1,289$108
47 years$13,760$7,880$4,307$2,273$1,171$92
48 years$13,320$7,522$4,047$2,100$1,063$78
49 years$12,900$7,184$3,804$1,941$965$66
50 years$12,497$6,862$3,577$1,794$877$57

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 $5,336 every year, while hoping to spend $51,079 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: 83/10/7 Blend
58$12,800,000$12,800,000$12,800,000$12,800,000
59$14,111,104$13,432,704$13,234,304$15,272,883
60$15,496,089$14,036,559$13,623,306$16,636,661
61$17,020,631$14,668,291$14,023,627$18,126,485
62$18,698,909$15,329,211$14,435,593$19,760,836
63$20,546,551$16,020,696$14,859,538$21,554,175
64$22,580,773$16,744,184$15,295,807$23,522,425
65$24,820,548$17,501,185$15,744,752$25,683,124
66$27,286,781$18,293,280$16,206,739$28,055,585
67$30,002,508$19,122,126$16,682,139$30,661,080
68$32,993,111$19,989,458$17,171,339$33,523,035
69$36,286,563$20,897,095$17,674,732$36,667,254
70$39,913,683$21,846,943$18,192,726$40,122,157
71$43,908,434$22,841,000$18,725,739$43,919,049
72$48,308,243$23,881,357$19,274,199$48,092,411
73$53,154,348$24,970,208$19,838,549$52,680,226
74$58,492,194$26,109,850$20,419,243$57,724,334
75$64,371,857$27,302,692$21,016,747$63,270,825
76$70,848,520$28,551,258$21,631,542$69,370,472
77$77,982,991$29,858,191$22,264,120$76,079,207
78$85,842,277$31,226,263$22,914,989$83,458,646
79$94,500,218$32,658,380$23,584,671$91,576,671
80$104,038,184$34,157,583$24,273,700$100,508,064
81$114,545,838$35,727,065$24,982,629$110,335,214
82$126,121,990$37,370,167$25,712,024$121,148,889
83$138,875,523$39,090,395$26,462,466$133,049,088
84$152,926,422$40,891,420$27,234,554$146,145,989
85$168,406,909$42,777,091$28,028,903$160,560,977
86$185,462,688$44,751,444$28,846,146$176,427,790
87$204,254,323$46,818,705$29,686,933$193,893,782
88$224,958,749$48,983,306$30,551,930$213,121,300
89$247,770,947$51,249,894$31,441,825$234,289,225
90$272,905,780$53,623,336$32,357,324$257,594,644
91$300,600,027$56,108,736$33,299,150$283,254,717
92$331,114,608$58,711,443$34,268,051$311,508,715
93$364,737,059$61,437,064$35,264,791$342,620,277
94$401,784,235$64,291,477$36,290,158$376,879,893
95$442,605,309$67,280,841$37,344,961$414,607,643
96$487,585,064$70,411,616$38,430,030$456,156,209
97$537,147,525$73,690,570$39,546,221$501,914,203
98$591,759,964$77,124,799$40,694,411$552,309,829
99$651,937,309$80,721,743$41,875,502$607,814,916
100$718,247,004$84,489,198$43,090,421$668,949,368