Can I retire at age 59 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,038,464
2 years$535,538$525,564$515,897$506,525$497,434$491,232
3 years$353,479$343,462$333,820$324,536$315,593$309,528
4 years$262,467$252,481$242,935$233,810$225,083$219,203
5 years$207,874$197,948$188,528$179,588$171,105$165,425
6 years$171,491$161,639$152,358$143,618$135,389$129,919
7 years$145,513$135,744$126,611$118,076$110,108$104,849
8 years$126,039$116,358$107,376$99,051$91,345$86,298
9 years$110,900$101,311$92,483$84,370$76,926$72,089
10 years$98,796$89,300$80,629$72,728$65,545$60,916
11 years$88,899$79,499$70,984$63,295$56,371$51,947
12 years$80,658$71,354$62,997$55,518$48,850$44,627
13 years$73,689$64,483$56,283$49,014$42,598$38,572
14 years$67,722$58,613$50,571$43,509$37,341$33,508
15 years$62,555$53,544$45,659$38,803$32,878$29,232
16 years$58,038$49,126$41,396$34,744$29,058$25,594
17 years$54,057$45,243$37,669$31,217$25,764$22,477
18 years$50,522$41,807$34,387$28,133$22,909$19,793
19 years$47,362$38,746$31,480$25,420$20,419$17,468
20 years$44,523$36,005$28,890$23,023$18,239$15,447
21 years$41,957$33,537$26,574$20,895$16,321$13,684
22 years$39,627$31,305$24,492$18,998$14,630$12,140
23 years$37,503$29,279$22,614$17,302$13,133$10,785
24 years$35,559$27,433$20,914$15,780$11,804$9,591
25 years$33,774$25,744$19,370$14,412$10,622$8,539
26 years$32,128$24,196$17,965$13,177$9,568$7,609
27 years$30,607$22,771$16,682$12,061$8,626$6,786
28 years$29,197$21,457$15,508$11,051$7,783$6,056
29 years$27,887$20,242$14,432$10,134$7,028$5,408
30 years$26,666$19,117$13,443$9,300$6,350$4,832
31 years$25,526$18,071$12,532$8,542$5,741$4,319
32 years$24,460$17,099$11,693$7,850$5,194$3,863
33 years$23,460$16,193$10,918$7,219$4,700$3,456
34 years$22,521$15,348$10,201$6,642$4,255$3,093
35 years$21,638$14,557$9,537$6,114$3,854$2,769
36 years$20,806$13,817$8,922$5,631$3,492$2,480
37 years$20,020$13,123$8,350$5,188$3,165$2,221
38 years$19,278$12,471$7,820$4,782$2,869$1,990
39 years$18,575$11,859$7,326$4,409$2,602$1,783
40 years$17,910$11,283$6,867$4,067$2,360$1,599
41 years$17,278$10,740$6,439$3,752$2,141$1,433
42 years$16,678$10,229$6,040$3,463$1,943$1,285
43 years$16,108$9,746$5,668$3,197$1,763$1,152
44 years$15,565$9,290$5,320$2,952$1,601$1,033
45 years$15,047$8,859$4,995$2,726$1,453$927
46 years$14,554$8,451$4,692$2,518$1,319$831
47 years$14,083$8,065$4,408$2,326$1,198$745
48 years$13,632$7,699$4,142$2,150$1,088$669
49 years$13,202$7,352$3,893$1,987$988$600
50 years$12,790$7,023$3,660$1,836$898$538

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,100,000, adding $3,897 every year, while hoping to spend $36,212 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: 76/14/10 Blend
58$13,100,000$13,100,000$13,100,000$13,100,000
59$14,440,220$13,745,920$13,542,870$15,512,002
60$15,874,593$14,380,941$13,958,027$16,853,216
61$17,454,058$15,045,864$14,385,878$18,318,026
62$19,193,377$15,742,116$14,826,810$19,922,672
63$21,108,816$16,471,194$15,281,221$21,681,039
64$23,218,297$17,234,664$15,749,524$23,608,411
65$25,541,571$18,034,170$16,232,141$25,721,614
66$28,100,402$18,871,435$16,729,508$28,039,174
67$30,918,771$19,748,264$17,242,076$30,581,488
68$34,023,107$20,666,550$17,770,306$33,371,015
69$37,442,529$21,628,276$18,314,676$36,432,486
70$41,209,128$22,635,522$18,875,679$39,793,132
71$45,358,264$23,690,469$19,453,820$43,482,943
72$49,928,906$24,795,400$20,049,622$47,534,943
73$54,963,992$25,952,713$20,663,622$51,985,502
74$60,510,841$27,164,917$21,296,374$56,874,678
75$66,621,595$28,434,646$21,948,451$62,246,585
76$73,353,713$29,764,659$22,620,439$68,149,814
77$80,770,513$31,157,849$23,312,946$74,637,882
78$88,941,771$32,617,249$24,026,595$81,769,737
79$97,944,376$34,146,039$24,762,031$89,610,311
80$107,863,059$35,747,552$25,519,915$98,231,123
81$118,791,191$37,425,282$26,300,932$107,710,960
82$130,831,665$39,182,893$27,105,786$118,136,606
83$144,097,866$41,024,225$27,935,200$129,603,663
84$158,714,742$42,953,306$28,789,924$142,217,447
85$174,819,985$44,974,358$29,670,725$156,093,977
86$192,565,327$47,091,805$30,578,399$171,361,064
87$212,117,976$49,310,289$31,513,761$188,159,513
88$233,662,192$51,634,675$32,477,653$206,644,448
89$257,401,025$54,070,063$33,470,944$226,986,767
90$283,558,235$56,621,802$34,494,527$249,374,751
91$312,380,404$59,295,499$35,549,322$274,015,836
92$344,139,259$62,097,033$36,636,278$301,138,561
93$379,134,244$65,032,568$37,756,374$330,994,722
94$417,695,339$68,108,566$38,910,615$363,861,739
95$460,186,183$71,331,805$40,100,039$400,045,268
96$507,007,498$74,709,388$41,325,716$439,882,077
97$558,600,882$78,248,767$42,588,746$483,743,220
98$615,452,967$81,957,752$43,890,264$532,037,527
99$678,100,020$85,844,532$45,231,439$585,215,456
100$747,133,005$89,917,697$46,613,475$643,773,337