Can I retire at age 59 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,060,888
2 years$560,066$549,635$539,526$529,725$520,218$488,663
3 years$369,668$359,193$349,109$339,400$330,048$299,496
4 years$274,488$264,045$254,062$244,518$235,393$206,079
5 years$217,395$207,014$197,163$187,814$178,942$150,946
6 years$179,346$169,043$159,337$150,196$141,591$114,938
7 years$152,178$141,962$132,410$123,484$115,151$89,841
8 years$131,811$121,687$112,294$103,588$95,529$71,548
9 years$115,979$105,951$96,719$88,234$80,449$57,772
10 years$103,321$93,390$84,321$76,059$68,547$47,144
11 years$92,971$83,140$74,235$66,194$58,952$38,787
12 years$84,352$74,622$65,882$58,061$51,087$32,120
13 years$77,065$67,437$58,861$51,259$44,549$26,739
14 years$70,824$61,298$52,887$45,502$39,051$22,353
15 years$65,420$55,997$47,750$40,580$34,384$18,751
16 years$60,696$51,376$43,292$36,335$30,388$15,775
17 years$56,533$47,315$39,394$32,647$26,945$13,302
18 years$52,836$43,721$35,962$29,421$23,958$11,240
19 years$49,532$40,521$32,921$26,584$21,354$9,512
20 years$46,562$37,654$30,214$24,077$19,074$8,061
21 years$43,878$35,073$27,791$21,852$17,069$6,840
22 years$41,442$32,739$25,613$19,868$15,300$5,809
23 years$39,221$30,620$23,649$18,094$13,734$4,938
24 years$37,188$28,689$21,872$16,503$12,345$4,200
25 years$35,321$26,924$20,258$15,072$11,108$3,575
26 years$33,600$25,304$18,788$13,781$10,006$3,044
27 years$32,009$23,814$17,446$12,614$9,021$2,593
28 years$30,534$22,440$16,219$11,557$8,140$2,210
29 years$29,164$21,169$15,093$10,598$7,350$1,884
30 years$27,887$19,992$14,058$9,726$6,641$1,606
31 years$26,695$18,899$13,106$8,933$6,004$1,370
32 years$25,580$17,882$12,228$8,210$5,431$1,169
33 years$24,535$16,935$11,418$7,549$4,915$997
34 years$23,553$16,051$10,668$6,946$4,450$851
35 years$22,629$15,224$9,974$6,394$4,031$726
36 years$21,759$14,449$9,330$5,889$3,652$620
37 years$20,937$13,724$8,733$5,426$3,310$529
38 years$20,161$13,042$8,178$5,001$3,001$451
39 years$19,426$12,402$7,662$4,611$2,721$385
40 years$18,730$11,800$7,182$4,253$2,468$329
41 years$18,070$11,232$6,734$3,924$2,239$281
42 years$17,442$10,697$6,317$3,622$2,032$240
43 years$16,845$10,192$5,927$3,343$1,844$205
44 years$16,278$9,715$5,564$3,087$1,674$175
45 years$15,736$9,264$5,224$2,851$1,520$149
46 years$15,220$8,838$4,907$2,633$1,380$127
47 years$14,728$8,434$4,610$2,433$1,253$109
48 years$14,257$8,051$4,332$2,248$1,138$93
49 years$13,807$7,689$4,072$2,078$1,033$79
50 years$13,376$7,344$3,828$1,920$939$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,700,000, adding $4,907 every year, while hoping to spend $36,076 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: 62/31/7 Blend
58$13,700,000$13,700,000$13,700,000$13,700,000
59$15,102,462$14,376,362$14,164,012$16,017,941
60$16,604,528$15,042,419$14,600,121$17,295,868
61$18,258,596$15,739,904$15,049,632$18,685,426
62$20,080,132$16,470,318$15,512,954$20,201,116
63$22,086,178$17,235,236$15,990,510$21,855,123
64$24,295,514$18,036,308$16,482,738$23,660,848
65$26,728,833$18,875,264$16,990,086$25,633,024
66$29,408,939$19,753,917$17,513,019$27,787,854
67$32,360,959$20,674,167$18,052,014$30,143,160
68$35,612,583$21,638,008$18,607,562$32,718,543
69$39,194,323$22,647,527$19,180,172$35,535,567
70$43,139,802$23,704,914$19,770,366$38,617,955
71$47,486,072$24,812,464$20,378,683$41,991,806
72$52,273,960$25,972,583$21,005,677$45,685,839
73$57,548,458$27,187,794$21,651,922$49,731,656
74$63,359,146$28,460,741$22,318,006$54,164,033
75$69,760,657$29,794,195$23,004,537$59,021,246
76$76,813,197$31,191,064$23,712,142$64,345,418
77$84,583,110$32,654,393$24,441,466$70,182,917
78$93,143,505$34,187,377$25,193,174$76,584,780
79$102,574,948$35,793,364$25,967,950$83,607,192
80$112,966,219$37,475,864$26,766,503$91,312,004
81$124,415,151$39,238,559$27,589,558$99,767,308
82$137,029,554$41,085,307$28,437,866$109,048,075
83$150,928,235$43,020,153$29,312,201$119,236,849
84$166,242,114$45,047,339$30,213,359$130,424,518
85$183,115,463$47,171,312$31,142,160$142,711,160
86$201,707,268$49,396,735$32,099,450$156,206,977
87$222,192,729$51,728,495$33,086,101$171,033,327
88$244,764,914$54,171,717$34,103,012$187,323,852
89$269,636,580$56,731,776$35,151,108$205,225,732
90$297,042,185$59,414,306$36,231,343$224,901,059
91$327,240,094$62,225,215$37,344,700$246,528,351
92$360,515,029$65,170,695$38,492,193$270,304,229
93$397,180,744$68,257,242$39,674,864$296,445,250
94$437,582,998$71,491,664$40,893,790$325,189,943
95$482,102,811$74,881,103$42,150,079$356,801,039
96$531,160,065$78,433,044$43,444,874$391,567,934
97$585,217,466$82,155,338$44,779,351$429,809,406
98$644,784,913$86,056,215$46,154,725$471,876,603
99$710,424,310$90,144,305$47,572,244$518,156,339
100$782,754,873$94,428,659$49,033,197$569,074,722