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%12.3%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,018,770
2 years$527,361$517,540$508,021$498,792$489,840$479,873
3 years$348,082$338,218$328,723$319,581$310,775$301,043
4 years$258,460$248,626$239,226$230,240$221,647$212,227
5 years$204,701$194,926$185,649$176,846$168,493$159,411
6 years$168,873$159,172$150,032$141,425$133,322$124,591
7 years$143,292$133,672$124,678$116,274$108,427$100,050
8 years$124,114$114,582$105,736$97,539$89,951$81,927
9 years$109,207$99,764$91,071$83,082$75,751$68,078
10 years$97,287$87,937$79,398$71,617$64,544$57,217
11 years$87,542$78,285$69,900$62,328$55,510$48,524
12 years$79,426$70,265$62,035$54,670$48,104$41,451
13 years$72,564$63,499$55,424$48,266$41,947$35,620
14 years$66,688$57,718$49,799$42,845$36,771$30,761
15 years$61,600$52,727$44,962$38,210$32,376$26,675
16 years$57,152$48,376$40,764$34,213$28,614$23,212
17 years$53,231$44,552$37,094$30,740$25,371$20,259
18 years$49,750$41,168$33,862$27,703$22,559$17,726
19 years$46,639$38,154$30,999$25,032$20,107$15,543
20 years$43,843$35,455$28,449$22,671$17,960$13,656
21 years$41,316$33,025$26,168$20,576$16,072$12,016
22 years$39,022$30,828$24,118$18,708$14,407$10,589
23 years$36,931$28,832$22,268$17,038$12,932$9,343
24 years$35,017$27,014$20,595$15,539$11,624$8,252
25 years$33,258$25,351$19,075$14,192$10,460$7,296
26 years$31,638$23,826$17,691$12,976$9,422$6,455
27 years$30,140$22,423$16,427$11,877$8,494$5,716
28 years$28,751$21,129$15,271$10,882$7,665$5,065
29 years$27,461$19,933$14,211$9,979$6,921$4,490
30 years$26,259$18,825$13,237$9,158$6,254$3,983
31 years$25,136$17,796$12,341$8,411$5,654$3,534
32 years$24,086$16,838$11,514$7,730$5,114$3,137
33 years$23,102$15,946$10,751$7,108$4,628$2,786
34 years$22,178$15,113$10,045$6,540$4,190$2,475
35 years$21,308$14,335$9,391$6,021$3,795$2,199
36 years$20,488$13,606$8,785$5,545$3,439$1,954
37 years$19,715$12,922$8,223$5,109$3,117$1,737
38 years$18,984$12,281$7,700$4,709$2,826$1,545
39 years$18,292$11,678$7,214$4,342$2,562$1,374
40 years$17,636$11,111$6,762$4,005$2,324$1,222
41 years$17,014$10,576$6,341$3,695$2,109$1,087
42 years$16,424$10,072$5,948$3,410$1,913$967
43 years$15,862$9,597$5,581$3,148$1,736$860
44 years$15,327$9,148$5,239$2,907$1,576$765
45 years$14,817$8,723$4,919$2,684$1,431$681
46 years$14,332$8,322$4,620$2,479$1,299$606
47 years$13,868$7,941$4,341$2,291$1,180$540
48 years$13,424$7,581$4,079$2,117$1,071$480
49 years$13,001$7,240$3,834$1,956$973$427
50 years$12,595$6,916$3,605$1,808$884$380

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 $3,829 every year, while hoping to spend $32,096 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: 59/19/22 Blend
58$12,900,000$12,900,000$12,900,000$12,900,000
59$14,219,750$13,536,050$13,336,100$14,975,192
60$15,636,014$14,165,166$13,748,709$16,118,152
61$17,195,662$14,824,034$14,174,065$17,360,318
62$18,913,284$15,514,076$14,612,561$18,714,400
63$20,804,960$16,236,786$15,064,602$20,191,242
64$22,888,405$16,993,728$15,530,606$21,802,768
65$25,183,144$17,786,543$16,011,003$23,562,099
66$27,710,690$18,616,949$16,506,237$25,483,666
67$30,494,751$19,486,749$17,016,766$27,583,344
68$33,561,449$20,397,833$17,543,061$29,878,605
69$36,939,571$21,352,182$18,085,608$32,388,668
70$40,660,840$22,351,871$18,644,909$35,134,689
71$44,760,212$23,399,079$19,221,479$38,139,944
72$49,276,206$24,496,086$19,815,851$41,430,057
73$54,251,271$25,645,287$20,428,574$45,033,226
74$59,732,182$26,849,188$21,060,214$48,980,495
75$65,770,486$28,110,419$21,711,352$53,306,032
76$72,422,984$29,431,738$22,382,591$58,047,457
77$79,752,271$30,816,035$23,074,549$63,246,183
78$87,827,321$32,266,340$23,787,866$68,947,806
79$96,724,147$33,785,830$24,523,198$75,202,531
80$106,526,510$35,377,835$25,281,226$82,065,636
81$117,326,714$37,045,849$26,062,646$89,597,989
82$129,226,475$38,793,532$26,868,181$97,866,620
83$142,337,884$40,624,723$27,698,574$106,945,340
84$156,784,461$42,543,448$28,554,589$116,915,437
85$172,702,324$44,553,925$29,437,016$127,866,434
86$190,241,474$46,660,580$30,346,669$139,896,923
87$209,567,208$48,868,052$31,284,386$153,115,493
88$230,861,681$51,181,204$32,251,031$167,641,745
89$254,325,627$53,605,138$33,247,495$183,607,411
90$280,180,251$56,145,200$34,274,696$201,157,588
91$308,669,319$58,806,998$35,333,581$220,452,102
92$340,061,459$61,596,410$36,425,125$241,667,002
93$374,652,695$64,519,601$37,550,334$264,996,215
94$412,769,244$67,583,035$38,710,244$290,653,364
95$454,770,592$70,793,489$39,905,923$318,873,775
96$501,052,893$74,158,071$41,138,472$349,916,686
97$552,052,703$77,684,231$42,409,026$384,067,680
98$608,251,105$81,379,785$43,718,754$421,641,371
99$670,178,249$85,252,925$45,068,863$462,984,360
100$738,418,355$89,312,243$46,460,595$508,478,490