Can I retire at age 59 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,044,203
2 years$539,626$529,576$519,835$510,392$501,232$492,781
3 years$356,177$346,083$336,368$327,013$318,002$309,746
4 years$264,470$254,408$244,790$235,594$226,802$218,804
5 years$209,461$199,459$189,967$180,959$172,411$164,695
6 years$172,800$162,873$153,521$144,714$136,423$128,998
7 years$146,624$136,781$127,577$118,978$110,948$103,818
8 years$127,001$117,246$108,195$99,807$92,042$85,207
9 years$111,746$102,084$93,189$85,014$77,513$70,970
10 years$99,550$89,982$81,244$73,283$66,045$59,791
11 years$89,578$80,106$71,526$63,778$56,801$50,832
12 years$81,273$71,899$63,477$55,942$49,222$43,532
13 years$74,252$64,975$56,713$49,388$42,923$37,506
14 years$68,239$59,061$50,957$43,841$37,626$32,475
15 years$63,032$53,953$46,007$39,099$33,129$28,236
16 years$58,481$49,501$41,712$35,009$29,279$24,638
17 years$54,469$45,589$37,956$31,455$25,961$21,563
18 years$50,907$42,126$34,649$28,347$23,083$18,921
19 years$47,724$39,042$31,720$25,614$20,575$16,639
20 years$44,863$36,280$29,111$23,199$18,378$14,661
21 years$42,277$33,793$26,776$21,054$16,446$12,940
22 years$39,930$31,544$24,679$19,143$14,742$11,437
23 years$37,790$29,503$22,786$17,434$13,233$10,122
24 years$35,831$27,642$21,073$15,901$11,894$8,968
25 years$34,032$25,941$19,518$14,522$10,703$7,953
26 years$32,373$24,380$18,102$13,278$9,641$7,059
27 years$30,841$22,945$16,809$12,153$8,692$6,270
28 years$29,420$21,621$15,627$11,135$7,843$5,574
29 years$28,100$20,397$14,542$10,211$7,082$4,957
30 years$26,869$19,262$13,545$9,371$6,399$4,411
31 years$25,721$18,209$12,628$8,607$5,785$3,927
32 years$24,647$17,230$11,782$7,910$5,233$3,498
33 years$23,639$16,317$11,001$7,274$4,736$3,117
34 years$22,693$15,465$10,279$6,693$4,288$2,778
35 years$21,803$14,668$9,610$6,161$3,884$2,477
36 years$20,965$13,922$8,990$5,674$3,519$2,209
37 years$20,173$13,223$8,414$5,228$3,189$1,970
38 years$19,425$12,566$7,880$4,819$2,891$1,757
39 years$18,717$11,949$7,382$4,443$2,622$1,568
40 years$18,046$11,369$6,919$4,098$2,378$1,400
41 years$17,410$10,822$6,488$3,781$2,158$1,249
42 years$16,806$10,307$6,086$3,489$1,958$1,115
43 years$16,231$9,820$5,711$3,221$1,777$996
44 years$15,683$9,361$5,361$2,974$1,613$889
45 years$15,162$8,926$5,034$2,747$1,464$794
46 years$14,665$8,515$4,728$2,537$1,329$709
47 years$14,190$8,126$4,442$2,344$1,207$633
48 years$13,737$7,757$4,174$2,166$1,096$566
49 years$13,303$7,408$3,923$2,002$996$505
50 years$12,888$7,076$3,688$1,850$904$451

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,200,000, adding $2,668 every year, while hoping to spend $47,765 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: 47/42/11 Blend
58$13,200,000$13,200,000$13,200,000$13,200,000
59$14,549,152$13,849,552$13,644,952$15,188,451
60$15,982,344$14,477,359$14,051,236$16,257,414
61$17,560,121$15,134,327$14,469,530$17,411,724
62$19,297,179$15,821,835$14,900,186$18,663,397
63$21,209,714$16,541,328$15,343,565$20,021,498
64$23,315,571$17,294,319$15,800,040$21,495,980
65$25,634,413$18,082,394$16,269,995$23,097,768
66$28,187,907$18,907,215$16,753,824$24,838,864
67$30,999,930$19,770,525$17,251,933$26,732,447
68$34,096,789$20,674,147$17,764,740$28,792,994
69$37,507,477$21,619,996$18,292,674$31,036,414
70$41,263,938$22,610,074$18,836,177$33,480,185
71$45,401,376$23,646,484$19,395,705$36,143,519
72$49,958,580$24,731,426$19,971,725$39,047,528
73$54,978,297$25,867,207$20,564,719$42,215,425
74$60,507,629$27,056,246$21,175,183$45,672,727
75$66,598,481$28,301,076$21,803,626$49,447,494
76$73,308,051$29,604,354$22,450,572$53,570,579
77$80,699,368$30,968,863$23,116,562$58,075,916
78$88,841,887$32,397,520$23,802,150$63,000,827
79$97,812,145$33,893,384$24,507,908$68,386,366
80$107,694,484$35,459,660$25,234,423$74,277,697
81$118,581,844$37,099,706$25,982,299$80,724,505
82$130,576,645$38,817,044$26,752,158$87,781,460
83$143,791,748$40,615,365$27,544,641$95,508,717
84$158,351,524$42,498,536$28,360,405$103,972,471
85$174,393,028$44,470,612$29,200,127$113,245,572
86$192,067,289$46,535,845$30,064,503$123,408,196
87$211,540,739$48,698,688$30,954,250$134,548,590
88$232,996,783$50,963,811$31,870,106$146,763,888
89$256,637,528$53,336,111$32,812,828$160,161,012
90$282,685,694$55,820,719$33,783,195$174,857,667
91$311,386,713$58,423,013$34,782,011$190,983,436
92$343,011,050$61,148,632$35,810,100$208,680,978
93$377,856,749$64,003,488$36,868,311$228,107,367
94$416,252,256$66,993,776$37,957,518$249,435,545
95$458,559,508$70,125,994$39,078,617$272,855,940
96$505,177,361$73,406,950$40,232,533$298,578,239
97$556,545,345$76,843,784$41,420,216$326,833,348
98$613,147,820$80,443,979$42,642,643$357,875,544
99$675,518,545$84,215,382$43,900,819$391,984,853
100$744,245,718$88,166,217$45,195,778$429,469,669