Can I retire at age 59 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,006,250
2 years$527,361$517,540$508,021$498,792$489,840$467,371
3 years$348,082$338,218$328,723$319,581$310,775$288,952
4 years$258,460$248,626$239,226$230,240$221,647$200,639
5 years$204,701$194,926$185,649$176,846$168,493$148,359
6 years$168,873$159,172$150,032$141,425$133,322$114,084
7 years$143,292$133,672$124,678$116,274$108,427$90,087
8 years$124,114$114,582$105,736$97,539$89,951$72,503
9 years$109,207$99,764$91,071$83,082$75,751$59,184
10 years$97,287$87,937$79,398$71,617$64,544$48,839
11 years$87,542$78,285$69,900$62,328$55,510$40,647
12 years$79,426$70,265$62,035$54,670$48,104$34,060
13 years$72,564$63,499$55,424$48,266$41,947$28,698
14 years$66,688$57,718$49,799$42,845$36,771$24,289
15 years$61,600$52,727$44,962$38,210$32,376$20,634
16 years$57,152$48,376$40,764$34,213$28,614$17,583
17 years$53,231$44,552$37,094$30,740$25,371$15,022
18 years$49,750$41,168$33,862$27,703$22,559$12,862
19 years$46,639$38,154$30,999$25,032$20,107$11,033
20 years$43,843$35,455$28,449$22,671$17,960$9,479
21 years$41,316$33,025$26,168$20,576$16,072$8,154
22 years$39,022$30,828$24,118$18,708$14,407$7,023
23 years$36,931$28,832$22,268$17,038$12,932$6,054
24 years$35,017$27,014$20,595$15,539$11,624$5,224
25 years$33,258$25,351$19,075$14,192$10,460$4,510
26 years$31,638$23,826$17,691$12,976$9,422$3,897
27 years$30,140$22,423$16,427$11,877$8,494$3,368
28 years$28,751$21,129$15,271$10,882$7,665$2,913
29 years$27,461$19,933$14,211$9,979$6,921$2,520
30 years$26,259$18,825$13,237$9,158$6,254$2,181
31 years$25,136$17,796$12,341$8,411$5,654$1,888
32 years$24,086$16,838$11,514$7,730$5,114$1,635
33 years$23,102$15,946$10,751$7,108$4,628$1,416
34 years$22,178$15,113$10,045$6,540$4,190$1,226
35 years$21,308$14,335$9,391$6,021$3,795$1,063
36 years$20,488$13,606$8,785$5,545$3,439$921
37 years$19,715$12,922$8,223$5,109$3,117$798
38 years$18,984$12,281$7,700$4,709$2,826$692
39 years$18,292$11,678$7,214$4,342$2,562$599
40 years$17,636$11,111$6,762$4,005$2,324$520
41 years$17,014$10,576$6,341$3,695$2,109$450
42 years$16,424$10,072$5,948$3,410$1,913$391
43 years$15,862$9,597$5,581$3,148$1,736$339
44 years$15,327$9,148$5,239$2,907$1,576$294
45 years$14,817$8,723$4,919$2,684$1,431$255
46 years$14,332$8,322$4,620$2,479$1,299$221
47 years$13,868$7,941$4,341$2,291$1,180$191
48 years$13,424$7,581$4,079$2,117$1,071$166
49 years$13,001$7,240$3,834$1,956$973$144
50 years$12,595$6,916$3,605$1,808$884$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,900,000, adding $6,985 every year, while hoping to spend $29,232 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: 39/49/12 Blend
58$12,900,000$12,900,000$12,900,000$12,900,000
59$14,223,005$13,539,305$13,339,355$14,725,960
60$15,642,649$14,171,628$13,755,121$15,715,275
61$17,206,117$14,833,956$14,183,835$16,780,901
62$18,928,048$15,527,727$14,625,901$17,932,451
63$20,824,573$16,254,450$15,081,733$19,177,686
64$22,913,469$17,015,707$15,551,760$20,525,111
65$25,214,323$17,813,157$16,036,424$21,984,053
66$27,748,720$18,648,538$16,536,181$23,564,738
67$30,540,446$19,523,672$17,051,499$25,278,383
68$33,615,710$20,440,471$17,582,863$27,137,296
69$37,003,395$21,400,937$18,130,772$29,154,982
70$40,735,330$22,407,171$18,695,741$31,346,262
71$44,846,585$23,461,375$19,278,300$33,727,408
72$49,375,811$24,565,856$19,878,997$36,316,285
73$54,365,596$25,723,035$20,498,396$39,132,511
74$59,862,873$26,935,450$21,137,078$42,197,633
75$65,919,360$28,205,761$21,795,644$45,535,320
76$72,592,048$29,536,757$22,474,712$49,171,577
77$79,943,742$30,931,362$23,174,919$53,134,978
78$88,043,648$32,392,644$23,896,923$57,456,924
79$96,968,032$33,923,816$24,641,403$62,171,930
80$106,800,938$35,528,249$25,409,056$67,317,935
81$117,634,978$37,209,477$26,200,604$72,936,648
82$129,572,211$38,971,207$27,016,789$79,073,930
83$142,725,103$40,817,323$27,858,379$85,780,207
84$157,217,591$42,751,900$28,726,162$93,110,939
85$173,186,251$44,779,208$29,620,953$101,127,118
86$190,781,586$46,903,727$30,543,593$109,895,835
87$210,169,452$49,130,153$31,494,947$119,490,893
88$231,532,616$51,463,410$32,475,908$129,993,483
89$255,072,488$53,908,663$33,487,396$141,492,937
90$281,011,018$56,471,324$34,530,361$154,087,544
91$309,592,795$59,157,072$35,605,780$167,885,463
92$341,087,350$61,971,858$36,714,664$183,005,719
93$375,791,707$64,921,927$37,858,053$199,579,304
94$414,033,182$68,013,822$39,037,018$217,750,390
95$456,172,475$71,254,407$40,252,666$237,677,664
96$502,607,075$74,650,881$41,506,138$259,535,800
97$553,775,011$78,210,789$42,798,609$283,517,080
98$610,158,991$81,942,047$44,131,291$309,833,179
99$672,290,953$85,852,952$45,505,434$338,717,135
100$740,757,092$89,952,207$46,922,327$370,425,516