Can I retire at age 59 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,067,773
2 years$564,154$553,647$543,464$533,591$524,015$491,382
3 years$372,367$361,815$351,657$341,877$332,457$300,872
4 years$276,492$265,972$255,917$246,303$237,111$206,817
5 years$218,982$208,525$198,602$189,185$180,248$151,327
6 years$180,655$170,277$160,500$151,292$142,624$115,102
7 years$153,289$142,998$133,376$124,386$115,992$89,867
8 years$132,774$122,576$113,113$104,344$96,226$71,484
9 years$116,826$106,724$97,425$88,878$81,036$57,651
10 years$104,075$94,072$84,937$76,614$69,047$46,986
11 years$93,649$83,747$74,777$66,677$59,383$38,608
12 years$84,967$75,167$66,363$58,485$51,460$31,929
13 years$77,627$67,929$59,291$51,633$44,874$26,544
14 years$71,341$61,745$53,273$45,834$39,336$22,159
15 years$65,897$56,405$48,098$40,876$34,635$18,563
16 years$61,139$51,751$43,608$36,600$30,610$15,594
17 years$56,945$47,661$39,682$32,885$27,141$13,130
18 years$53,221$44,041$36,224$29,636$24,133$11,078
19 years$49,893$40,816$33,162$26,779$21,510$9,361
20 years$46,902$37,929$30,434$24,253$19,213$7,921
21 years$44,199$35,329$27,994$22,011$17,194$6,711
22 years$41,745$32,978$25,800$20,013$15,412$5,690
23 years$39,507$30,844$23,822$18,226$13,834$4,829
24 years$37,460$28,899$22,031$16,624$12,435$4,101
25 years$35,579$27,120$20,405$15,182$11,189$3,485
26 years$33,845$25,489$18,925$13,881$10,079$2,963
27 years$32,243$23,988$17,574$12,706$9,087$2,520
28 years$30,757$22,603$16,337$11,641$8,199$2,144
29 years$29,377$21,324$15,203$10,675$7,404$1,825
30 years$28,091$20,138$14,161$9,797$6,690$1,553
31 years$26,890$19,037$13,202$8,998$6,048$1,322
32 years$25,767$18,013$12,318$8,269$5,471$1,126
33 years$24,714$17,059$11,501$7,604$4,951$959
34 years$23,725$16,168$10,746$6,997$4,483$817
35 years$22,794$15,335$10,047$6,441$4,060$696
36 years$21,918$14,555$9,398$5,932$3,679$593
37 years$21,090$13,824$8,797$5,465$3,334$505
38 years$20,308$13,138$8,238$5,038$3,023$431
39 years$19,568$12,493$7,718$4,645$2,741$367
40 years$18,867$11,886$7,234$4,284$2,486$313
41 years$18,201$11,314$6,783$3,953$2,256$267
42 years$17,569$10,775$6,363$3,648$2,047$227
43 years$16,968$10,266$5,971$3,367$1,858$194
44 years$16,396$9,786$5,604$3,109$1,686$165
45 years$15,851$9,332$5,262$2,872$1,531$141
46 years$15,331$8,902$4,943$2,652$1,390$120
47 years$14,835$8,496$4,643$2,451$1,262$102
48 years$14,361$8,110$4,364$2,264$1,146$87
49 years$13,908$7,745$4,101$2,093$1,041$74
50 years$13,474$7,398$3,856$1,934$945$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,800,000, adding $5,870 every year, while hoping to spend $58,437 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: 64/19/17 Blend
58$13,800,000$13,800,000$13,800,000$13,800,000
59$15,213,655$14,482,255$14,268,355$16,122,737
60$16,703,271$15,129,709$14,684,168$17,380,912
61$18,342,870$15,806,930$15,111,953$18,747,582
62$20,147,687$16,515,314$15,552,048$20,239,156
63$22,134,512$17,256,325$16,004,802$21,867,829
64$24,321,843$18,031,496$16,470,574$23,647,016
65$26,730,066$18,842,433$16,949,733$25,591,478
66$29,381,639$19,690,820$17,442,656$27,717,460
67$32,301,314$20,578,417$17,949,732$30,042,836
68$35,516,362$21,507,074$18,471,363$32,587,279
69$39,056,836$22,478,725$19,007,958$35,372,442
70$42,955,848$23,495,398$19,559,939$38,422,159
71$47,249,889$24,559,217$20,127,742$41,762,664
72$51,979,167$25,672,408$20,711,810$45,422,838
73$57,187,990$26,837,303$21,312,604$49,434,477
74$62,925,181$28,056,348$21,930,593$53,832,584
75$69,244,543$29,332,102$22,566,261$58,655,701
76$76,205,361$30,667,250$23,220,105$63,946,262
77$83,872,966$32,064,603$23,892,636$69,750,995
78$92,319,347$33,527,107$24,584,379$76,121,353
79$101,623,837$35,057,852$25,295,872$83,113,997
80$111,873,854$36,660,073$26,027,670$90,791,325
81$123,165,732$38,337,160$26,780,341$99,222,053
82$135,605,624$40,092,669$27,554,469$108,481,863
83$149,310,510$41,930,322$28,350,657$118,654,105
84$164,409,297$43,854,023$29,169,519$129,830,581
85$181,044,038$45,867,863$30,011,691$142,112,406
86$199,371,270$47,976,128$30,877,822$155,610,951
87$219,563,493$50,183,312$31,768,583$170,448,890
88$241,810,798$52,494,123$32,684,659$186,761,350
89$266,322,660$54,913,496$33,626,756$204,697,178
90$293,329,918$57,446,604$34,595,599$224,420,338
91$323,086,951$60,098,868$35,591,932$246,111,450
92$355,874,078$62,875,970$36,616,520$269,969,486
93$392,000,208$65,783,867$37,670,147$296,213,637
94$431,805,753$68,828,800$38,753,621$325,085,376
95$475,665,841$72,017,313$39,867,769$356,850,723
96$523,993,860$75,356,264$41,013,442$391,802,749
97$577,245,354$78,852,842$42,191,513$430,264,328
98$635,922,331$82,514,582$43,402,880$472,591,174
99$700,577,995$86,349,383$44,648,462$519,175,188
100$771,821,972$90,365,524$45,929,207$570,448,145