Can I retire at age 59 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,051,266
2 years$547,802$537,599$527,712$518,125$508,826$491,475
3 years$361,573$351,327$341,464$331,968$322,820$305,928
4 years$268,478$258,263$248,499$239,164$230,238$213,934
5 years$212,635$202,481$192,845$183,701$175,023$159,355
6 years$175,418$165,341$155,848$146,907$138,490$123,475
7 years$148,845$138,853$129,510$120,780$112,629$98,273
8 years$128,925$119,023$109,835$101,320$93,437$79,736
9 years$113,439$103,631$94,601$86,302$78,687$65,634
10 years$101,058$91,345$82,475$74,393$67,046$54,630
11 years$90,935$81,319$72,610$64,744$57,661$45,870
12 years$82,505$72,988$64,439$56,789$49,968$38,787
13 years$75,377$65,960$57,572$50,137$43,573$32,985
14 years$69,273$59,956$51,729$44,506$38,196$28,183
15 years$63,987$54,771$46,704$39,691$33,631$24,175
16 years$59,367$50,251$42,344$35,539$29,723$20,804
17 years$55,295$46,279$38,532$31,932$26,354$17,954
18 years$51,679$42,764$35,174$28,777$23,433$15,530
19 years$48,447$39,633$32,200$26,002$20,887$13,460
20 years$45,542$36,829$29,552$23,550$18,656$11,686
21 years$42,918$34,305$27,182$21,373$16,695$10,161
22 years$40,535$32,022$25,053$19,433$14,965$8,846
23 years$38,362$29,950$23,132$17,698$13,433$7,709
24 years$36,374$28,061$21,393$16,142$12,074$6,725
25 years$34,547$26,334$19,814$14,742$10,865$5,871
26 years$32,864$24,750$18,376$13,479$9,787$5,130
27 years$31,308$23,292$17,064$12,338$8,824$4,485
28 years$29,866$21,948$15,863$11,304$7,962$3,923
29 years$28,525$20,706$14,762$10,366$7,189$3,433
30 years$27,277$19,554$13,750$9,513$6,496$3,005
31 years$26,111$18,485$12,819$8,737$5,873$2,632
32 years$25,020$17,491$11,960$8,030$5,312$2,306
33 years$23,997$16,564$11,168$7,384$4,808$2,020
34 years$23,037$15,699$10,434$6,794$4,353$1,771
35 years$22,134$14,890$9,755$6,254$3,943$1,552
36 years$21,282$14,133$9,126$5,760$3,572$1,361
37 years$20,479$13,423$8,542$5,307$3,238$1,194
38 years$19,720$12,757$7,999$4,892$2,935$1,047
39 years$19,001$12,130$7,494$4,510$2,662$918
40 years$18,320$11,541$7,024$4,160$2,414$806
41 years$17,674$10,986$6,586$3,838$2,190$707
42 years$17,060$10,463$6,178$3,542$1,987$620
43 years$16,477$9,969$5,798$3,270$1,804$544
44 years$15,921$9,502$5,442$3,019$1,637$478
45 years$15,392$9,061$5,110$2,788$1,486$419
46 years$14,887$8,644$4,799$2,576$1,350$368
47 years$14,405$8,249$4,509$2,380$1,225$323
48 years$13,945$7,875$4,237$2,199$1,113$283
49 years$13,504$7,520$3,983$2,032$1,011$249
50 years$13,083$7,184$3,744$1,878$918$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,400,000, adding $6,426 every year, while hoping to spend $47,106 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: 67/28/5 Blend
58$13,400,000$13,400,000$13,400,000$13,400,000
59$14,773,428$14,063,228$13,855,528$15,753,894
60$16,230,198$14,702,206$14,269,568$17,043,313
61$17,833,979$15,370,915$14,695,900$18,446,025
62$19,599,717$16,070,762$15,134,884$19,978,120
63$21,543,880$16,803,222$15,586,895$21,652,210
64$23,684,616$17,569,840$16,052,316$23,482,167
65$26,041,919$18,372,234$16,531,541$25,483,251
66$28,637,823$19,212,102$17,024,977$27,672,250
67$31,496,609$20,091,222$17,533,040$30,067,634
68$34,645,028$21,011,458$18,056,163$32,689,726
69$38,112,563$21,974,761$18,594,786$35,560,890
70$41,931,699$22,983,180$19,149,366$38,705,737
71$46,138,235$24,038,857$19,720,372$42,151,351
72$50,771,616$25,144,043$20,308,286$45,927,543
73$55,875,312$26,301,092$20,913,605$50,067,126
74$61,497,222$27,512,473$21,536,838$54,606,217
75$67,690,129$28,780,775$22,178,513$59,584,577
76$74,512,199$30,108,710$22,839,170$65,045,975
77$82,027,527$31,499,120$23,519,366$71,038,599
78$90,306,743$32,954,986$24,219,673$77,615,505
79$99,427,681$34,479,430$24,940,682$84,835,107
80$109,476,108$36,075,725$25,682,998$92,761,724
81$120,546,538$37,747,304$26,447,247$101,466,180
82$132,743,125$39,497,761$27,234,069$111,026,465
83$146,180,640$41,330,868$28,044,127$121,528,461
84$160,985,559$43,250,575$28,878,099$133,066,747
85$177,297,257$45,261,023$29,736,686$145,745,481
86$195,269,320$47,366,556$30,620,608$159,679,375
87$215,070,997$49,571,724$31,530,605$174,994,767
88$236,888,798$51,881,298$32,467,439$191,830,806
89$260,928,252$54,300,278$33,431,895$210,340,753
90$287,415,850$56,833,907$34,424,779$230,693,416
91$316,601,179$59,487,681$35,446,922$253,074,733
92$348,759,283$62,267,361$36,499,177$277,689,515
93$384,193,253$65,178,986$37,582,424$304,763,369
94$423,237,096$68,228,887$38,697,566$334,544,810
95$466,258,878$71,423,701$39,845,533$367,307,594
96$513,664,208$74,770,386$41,027,282$403,353,292
97$565,900,059$78,276,237$42,243,798$443,014,116
98$623,458,994$81,948,901$43,496,094$486,656,043
99$686,883,809$85,796,395$44,785,211$534,682,252
100$756,772,663$89,827,124$46,112,221$587,536,911