Can I retire at age 59 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,042,562
2 years$543,714$533,587$523,774$514,258$505,029$486,951
3 years$358,875$348,705$338,916$329,490$320,411$302,817
4 years$266,474$256,335$246,644$237,379$228,520$211,545
5 years$211,048$200,970$191,406$182,330$173,717$157,410
6 years$174,109$164,107$154,685$145,811$137,456$121,836
7 years$147,735$137,817$128,544$119,879$111,789$96,860
8 years$127,963$118,135$109,015$100,564$92,740$78,498
9 years$112,593$102,857$93,895$85,658$78,100$64,539
10 years$100,304$90,664$81,860$73,838$66,545$53,653
11 years$90,256$80,713$72,068$64,261$57,231$44,993
12 years$81,889$72,443$63,958$56,366$49,595$37,996
13 years$74,814$65,468$57,143$49,762$43,248$32,270
14 years$68,756$59,508$51,343$44,173$37,911$27,535
15 years$63,510$54,362$46,356$39,395$33,380$23,586
16 years$58,924$49,876$42,028$35,274$29,501$20,270
17 years$54,882$45,934$38,244$31,693$26,158$17,467
18 years$51,293$42,445$34,912$28,562$23,258$15,087
19 years$48,086$39,338$31,960$25,808$20,731$13,057
20 years$45,202$36,554$29,331$23,374$18,517$11,319
21 years$42,597$34,049$26,979$21,214$16,571$9,827
22 years$40,232$31,783$24,866$19,288$14,853$8,542
23 years$38,076$29,726$22,959$17,566$13,333$7,433
24 years$36,102$27,852$21,233$16,021$11,984$6,474
25 years$34,289$26,137$19,666$14,632$10,784$5,643
26 years$32,619$24,565$18,239$13,378$9,714$4,923
27 years$31,074$23,119$16,937$12,246$8,758$4,297
28 years$29,643$21,784$15,745$11,220$7,902$3,752
29 years$28,312$20,551$14,652$10,289$7,136$3,278
30 years$27,073$19,408$13,648$9,442$6,447$2,865
31 years$25,916$18,347$12,723$8,672$5,829$2,505
32 years$24,833$17,360$11,871$7,970$5,273$2,191
33 years$23,818$16,441$11,084$7,329$4,772$1,917
34 years$22,865$15,582$10,356$6,743$4,320$1,677
35 years$21,968$14,779$9,683$6,208$3,913$1,468
36 years$21,123$14,028$9,058$5,717$3,546$1,285
37 years$20,326$13,323$8,478$5,267$3,213$1,125
38 years$19,572$12,662$7,939$4,855$2,913$985
39 years$18,859$12,040$7,438$4,477$2,642$862
40 years$18,183$11,455$6,972$4,129$2,396$755
41 years$17,542$10,904$6,537$3,810$2,174$662
42 years$16,933$10,385$6,132$3,516$1,973$579
43 years$16,354$9,895$5,754$3,245$1,790$508
44 years$15,802$9,432$5,401$2,997$1,625$445
45 years$15,277$8,994$5,072$2,768$1,475$390
46 years$14,776$8,580$4,764$2,556$1,339$341
47 years$14,298$8,188$4,475$2,362$1,216$299
48 years$13,841$7,816$4,205$2,182$1,105$262
49 years$13,404$7,464$3,953$2,017$1,003$230
50 years$12,985$7,130$3,716$1,864$911$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,300,000, adding $5,740 every year, while hoping to spend $48,317 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: 56/38/6 Blend
58$13,300,000$13,300,000$13,300,000$13,300,000
59$14,662,521$13,957,621$13,751,471$15,464,590
60$16,106,689$14,590,135$14,160,736$16,637,784
61$17,696,543$15,252,024$14,582,093$17,909,011
62$19,446,892$15,944,674$15,015,894$19,292,320
63$21,374,053$16,669,541$15,462,505$20,798,385
64$23,496,007$17,428,150$15,922,300$22,438,932
65$25,832,568$18,222,097$16,395,664$24,226,849
66$28,405,567$19,053,057$16,882,996$26,176,302
67$31,239,061$19,922,783$17,384,702$28,302,860
68$34,359,559$20,833,113$17,901,204$30,623,643
69$37,796,273$21,785,974$18,432,933$33,157,471
70$41,581,390$22,783,385$18,980,334$35,925,041
71$45,750,382$23,827,461$19,543,865$38,949,115
72$50,342,333$24,920,418$20,123,997$42,254,726
73$55,400,313$26,064,581$20,721,213$45,869,409
74$60,971,784$27,262,384$21,336,013$49,823,455
75$67,109,045$28,516,380$21,968,908$54,150,190
76$73,869,728$29,829,243$22,620,427$58,886,277
77$81,317,341$31,203,777$23,291,112$64,072,061
78$89,521,866$32,642,919$23,981,521$69,751,934
79$98,560,424$34,149,749$24,692,229$75,974,752
80$108,517,994$35,727,494$25,423,826$82,794,282
81$119,488,226$37,379,538$26,176,921$90,269,703
82$131,574,316$39,109,426$26,952,138$98,466,151
83$144,889,983$40,920,874$27,750,121$107,455,327
84$159,560,543$42,817,779$28,571,532$117,316,160
85$175,724,091$44,804,223$29,417,052$128,135,541
86$193,532,806$46,884,487$30,287,380$140,009,132
87$213,154,381$49,063,056$31,183,237$153,042,254
88$234,773,617$51,344,634$32,105,363$167,350,871
89$258,594,155$53,734,151$33,054,523$183,062,668
90$284,840,408$56,236,773$34,031,498$200,318,243
91$313,759,672$58,857,917$35,037,096$219,272,416
92$345,624,466$61,603,263$36,072,145$240,095,680
93$380,735,099$64,478,761$37,137,501$262,975,788
94$419,422,512$67,490,652$38,234,039$288,119,510
95$462,051,391$70,645,478$39,362,663$315,754,568
96$509,023,622$73,950,095$40,524,301$346,131,764
97$560,782,074$77,411,692$41,719,908$379,527,326
98$617,814,787$81,037,806$42,950,466$416,245,499
99$680,659,574$84,836,338$44,216,985$456,621,391
100$749,909,102$88,815,569$45,520,505$501,024,113