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

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,095,334
2 years$564,154$553,647$543,464$533,591$524,015$518,870
3 years$372,367$361,815$351,657$341,877$332,457$327,423
4 years$276,492$265,972$255,917$246,303$237,111$232,227
5 years$218,982$208,525$198,602$189,185$180,248$175,529
6 years$180,655$170,277$160,500$151,292$142,624$138,075
7 years$153,289$142,998$133,376$124,386$115,992$111,616
8 years$132,774$122,576$113,113$104,344$96,226$92,024
9 years$116,826$106,724$97,425$88,878$81,036$77,007
10 years$104,075$94,072$84,937$76,614$69,047$65,188
11 years$93,649$83,747$74,777$66,677$59,383$55,692
12 years$84,967$75,167$66,363$58,485$51,460$47,934
13 years$77,627$67,929$59,291$51,633$44,874$41,510
14 years$71,341$61,745$53,273$45,834$39,336$36,130
15 years$65,897$56,405$48,098$40,876$34,635$31,583
16 years$61,139$51,751$43,608$36,600$30,610$27,708
17 years$56,945$47,661$39,682$32,885$27,141$24,385
18 years$53,221$44,041$36,224$29,636$24,133$21,517
19 years$49,893$40,816$33,162$26,779$21,510$19,031
20 years$46,902$37,929$30,434$24,253$19,213$16,866
21 years$44,199$35,329$27,994$22,011$17,194$14,973
22 years$41,745$32,978$25,800$20,013$15,412$13,313
23 years$39,507$30,844$23,822$18,226$13,834$11,854
24 years$37,460$28,899$22,031$16,624$12,435$10,566
25 years$35,579$27,120$20,405$15,182$11,189$9,429
26 years$33,845$25,489$18,925$13,881$10,079$8,422
27 years$32,243$23,988$17,574$12,706$9,087$7,528
28 years$30,757$22,603$16,337$11,641$8,199$6,734
29 years$29,377$21,324$15,203$10,675$7,404$6,028
30 years$28,091$20,138$14,161$9,797$6,690$5,399
31 years$26,890$19,037$13,202$8,998$6,048$4,838
32 years$25,767$18,013$12,318$8,269$5,471$4,338
33 years$24,714$17,059$11,501$7,604$4,951$3,890
34 years$23,725$16,168$10,746$6,997$4,483$3,490
35 years$22,794$15,335$10,047$6,441$4,060$3,133
36 years$21,918$14,555$9,398$5,932$3,679$2,813
37 years$21,090$13,824$8,797$5,465$3,334$2,526
38 years$20,308$13,138$8,238$5,038$3,023$2,269
39 years$19,568$12,493$7,718$4,645$2,741$2,038
40 years$18,867$11,886$7,234$4,284$2,486$1,831
41 years$18,201$11,314$6,783$3,953$2,256$1,646
42 years$17,569$10,775$6,363$3,648$2,047$1,480
43 years$16,968$10,266$5,971$3,367$1,858$1,330
44 years$16,396$9,786$5,604$3,109$1,686$1,196
45 years$15,851$9,332$5,262$2,872$1,531$1,075
46 years$15,331$8,902$4,943$2,652$1,390$967
47 years$14,835$8,496$4,643$2,451$1,262$870
48 years$14,361$8,110$4,364$2,264$1,146$782
49 years$13,908$7,745$4,101$2,093$1,041$704
50 years$13,474$7,398$3,856$1,934$945$633

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 $2,140 every year, while hoping to spend $31,088 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: 42/46/12 Blend
58$13,800,000$13,800,000$13,800,000$13,800,000
59$15,209,807$14,478,407$14,264,507$15,795,049
60$16,728,130$15,154,772$14,709,291$16,881,773
61$18,400,280$15,863,236$15,167,933$18,054,527
62$20,241,915$16,605,341$15,640,865$19,323,732
63$22,270,287$17,382,700$16,128,531$20,698,208
64$24,504,411$18,197,006$16,631,390$22,187,628
65$26,965,235$19,050,034$17,149,916$23,802,606
66$29,675,846$19,943,643$17,684,596$25,554,783
67$32,661,685$20,879,784$18,235,932$27,456,937
68$35,950,785$21,860,501$18,804,444$29,523,096
69$39,574,037$22,887,938$19,390,665$31,768,658
70$43,565,484$23,964,342$19,995,148$34,210,531
71$47,962,638$25,092,069$20,618,459$36,867,284
72$52,806,835$26,273,589$21,261,187$39,759,316
73$58,143,630$27,511,492$21,923,933$42,909,035
74$64,023,218$28,808,493$22,607,323$46,341,060
75$70,500,915$30,167,438$23,311,997$50,082,449
76$77,637,678$31,591,313$24,038,619$54,162,935
77$85,500,680$33,083,246$24,787,872$58,615,206
78$94,163,943$34,646,518$25,560,459$63,475,190
79$103,709,038$36,284,570$26,357,107$68,782,394
80$114,225,854$38,001,009$27,178,564$74,580,255
81$125,813,448$39,799,615$28,025,603$80,916,541
82$138,580,978$41,684,354$28,899,019$87,843,786
83$152,648,735$43,659,384$29,799,633$95,419,775
84$168,149,276$45,729,065$30,728,291$103,708,069
85$185,228,679$47,897,966$31,685,866$112,778,592
86$204,047,920$50,170,881$32,673,258$122,708,275
87$224,784,389$52,552,836$33,691,393$133,581,762
88$247,633,570$55,049,099$34,741,228$145,492,191
89$272,810,885$57,665,195$35,823,751$158,542,058
90$300,553,725$60,406,920$36,939,976$172,844,158
91$331,123,693$63,280,347$38,090,953$188,522,632
92$364,809,072$66,291,846$39,277,762$205,714,120
93$401,927,549$69,448,098$40,501,519$224,569,019
94$442,829,212$72,756,107$41,763,372$245,252,887
95$487,899,852$76,223,218$43,064,506$267,947,976
96$537,564,614$79,857,132$44,406,144$292,854,927
97$592,291,998$83,665,925$45,789,543$320,194,635
98$652,598,293$87,658,067$47,216,005$350,210,306
99$719,052,445$91,842,438$48,686,866$383,169,723
100$792,281,427$96,228,350$50,203,509$419,367,740