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

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,039,752
2 years$547,802$537,599$527,712$518,125$508,826$480,033
3 years$361,573$351,327$341,464$331,968$322,820$294,918
4 years$268,478$258,263$248,499$239,164$230,238$203,442
5 years$212,635$202,481$192,845$183,701$175,023$149,407
6 years$175,418$165,341$155,848$146,907$138,490$114,078
7 years$148,845$138,853$129,510$120,780$112,629$89,422
8 years$128,925$119,023$109,835$101,320$93,437$71,423
9 years$113,439$103,631$94,601$86,302$78,687$57,847
10 years$101,058$91,345$82,475$74,393$67,046$47,352
11 years$90,935$81,319$72,610$64,744$57,661$39,084
12 years$82,505$72,988$64,439$56,789$49,968$32,473
13 years$75,377$65,960$57,572$50,137$43,573$27,123
14 years$69,273$59,956$51,729$44,506$38,196$22,753
15 years$63,987$54,771$46,704$39,691$33,631$19,154
16 years$59,367$50,251$42,344$35,539$29,723$16,172
17 years$55,295$46,279$38,532$31,932$26,354$13,687
18 years$51,679$42,764$35,174$28,777$23,433$11,607
19 years$48,447$39,633$32,200$26,002$20,887$9,860
20 years$45,542$36,829$29,552$23,550$18,656$8,388
21 years$42,918$34,305$27,182$21,373$16,695$7,145
22 years$40,535$32,022$25,053$19,433$14,965$6,092
23 years$38,362$29,950$23,132$17,698$13,433$5,198
24 years$36,374$28,061$21,393$16,142$12,074$4,439
25 years$34,547$26,334$19,814$14,742$10,865$3,793
26 years$32,864$24,750$18,376$13,479$9,787$3,243
27 years$31,308$23,292$17,064$12,338$8,824$2,774
28 years$29,866$21,948$15,863$11,304$7,962$2,374
29 years$28,525$20,706$14,762$10,366$7,189$2,032
30 years$27,277$19,554$13,750$9,513$6,496$1,740
31 years$26,111$18,485$12,819$8,737$5,873$1,490
32 years$25,020$17,491$11,960$8,030$5,312$1,276
33 years$23,997$16,564$11,168$7,384$4,808$1,093
34 years$23,037$15,699$10,434$6,794$4,353$937
35 years$22,134$14,890$9,755$6,254$3,943$803
36 years$21,282$14,133$9,126$5,760$3,572$688
37 years$20,479$13,423$8,542$5,307$3,238$590
38 years$19,720$12,757$7,999$4,892$2,935$506
39 years$19,001$12,130$7,494$4,510$2,662$433
40 years$18,320$11,541$7,024$4,160$2,414$372
41 years$17,674$10,986$6,586$3,838$2,190$319
42 years$17,060$10,463$6,178$3,542$1,987$273
43 years$16,477$9,969$5,798$3,270$1,804$234
44 years$15,921$9,502$5,442$3,019$1,637$201
45 years$15,392$9,061$5,110$2,788$1,486$172
46 years$14,887$8,644$4,799$2,576$1,350$148
47 years$14,405$8,249$4,509$2,380$1,225$127
48 years$13,945$7,875$4,237$2,199$1,113$109
49 years$13,504$7,520$3,983$2,032$1,011$93
50 years$13,083$7,184$3,744$1,878$918$80

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 $4,942 every year, while hoping to spend $39,845 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: 66/20/14 Blend
58$13,400,000$13,400,000$13,400,000$13,400,000
59$14,771,898$14,061,698$13,853,998$15,698,159
60$16,236,236$14,708,326$14,275,712$16,963,767
61$17,848,602$15,385,304$14,710,218$18,341,481
62$19,624,052$16,094,076$15,157,903$19,846,390
63$21,579,177$16,836,157$15,619,164$21,490,936
64$23,732,259$17,613,135$16,094,411$23,288,809
65$26,103,443$18,426,672$16,584,068$25,255,071
66$28,714,929$19,278,514$17,088,569$27,406,297
67$31,591,177$20,170,487$17,608,362$29,760,726
68$34,759,144$21,104,507$18,143,909$32,338,433
69$38,248,532$22,082,583$18,695,685$35,161,512
70$42,092,072$23,106,820$19,264,180$38,254,280
71$46,325,832$24,179,423$19,849,899$41,643,507
72$50,989,557$25,302,705$20,453,361$45,358,661
73$56,127,045$26,479,090$21,075,101$49,432,182
74$61,786,558$27,711,120$21,715,671$53,899,787
75$68,021,279$29,001,457$22,375,639$58,800,797
76$74,889,816$30,352,895$23,055,589$64,178,508
77$82,456,750$31,768,359$23,756,124$70,080,595
78$90,793,249$33,250,919$24,477,865$76,559,552
79$99,977,736$34,803,791$25,221,449$83,673,186
80$110,096,635$36,430,345$25,987,537$91,485,157
81$121,245,177$38,134,118$26,776,805$100,065,568
82$133,528,310$39,918,814$27,589,953$109,491,629
83$147,061,680$41,788,319$28,427,698$119,848,372
84$161,972,728$43,746,703$29,290,783$131,229,447
85$178,401,892$45,798,238$30,179,971$143,738,005
86$196,503,931$47,947,397$31,096,046$157,487,658
87$216,449,387$50,198,875$32,039,818$172,603,547
88$238,426,195$52,557,590$33,012,122$189,223,512
89$262,641,454$55,028,699$34,013,816$207,499,388
90$289,323,387$57,617,610$35,045,783$227,598,429
91$318,723,491$60,329,992$36,108,936$249,704,875
92$351,118,913$63,171,787$37,204,211$274,021,683
93$386,815,066$66,149,228$38,332,575$300,772,433
94$426,148,509$69,268,847$39,495,023$330,203,428
95$469,490,131$72,537,494$40,692,580$362,586,007
96$517,248,643$75,962,351$41,926,301$398,219,094
97$569,874,446$79,550,946$43,197,273$437,432,010
98$627,863,873$83,311,176$44,506,615$480,587,570
99$691,763,882$87,251,318$45,855,481$528,085,488
100$762,177,215$91,380,050$47,245,057$580,366,146