Can I retire at age 59 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,086,915
2 years$568,242$557,659$547,403$537,458$527,812$506,248
3 years$375,065$364,436$354,206$344,355$334,866$313,901
4 years$278,495$267,899$257,771$248,088$238,829$218,624
5 years$220,569$210,036$200,041$190,555$181,554$162,167
6 years$181,964$171,510$161,663$152,389$143,658$125,110
7 years$154,399$144,034$134,343$125,287$116,832$99,128
8 years$133,736$123,464$113,933$105,100$96,923$80,058
9 years$117,672$107,498$98,131$89,522$81,624$65,586
10 years$104,829$94,754$85,552$77,169$69,547$54,323
11 years$94,328$84,354$75,319$67,160$59,813$45,383
12 years$85,583$75,711$66,844$58,908$51,833$38,177
13 years$78,190$68,421$59,720$52,007$45,199$32,295
14 years$71,858$62,193$53,659$46,166$39,621$27,445
15 years$66,375$56,814$48,447$41,172$34,886$23,413
16 years$61,582$52,126$43,924$36,865$30,832$20,036
17 years$57,358$48,006$39,969$33,123$27,338$17,192
18 years$53,607$44,360$36,487$29,851$24,308$14,784
19 years$50,255$41,112$33,402$26,973$21,666$12,739
20 years$47,242$38,203$30,655$24,429$19,352$10,994
21 years$44,519$35,585$28,196$22,171$17,318$9,501
22 years$42,047$33,217$25,987$20,158$15,523$8,221
23 years$39,794$31,067$23,995$18,359$13,935$7,120
24 years$37,731$29,108$22,191$16,744$12,525$6,172
25 years$35,836$27,317$20,553$15,292$11,270$5,355
26 years$34,090$25,673$19,062$13,982$10,152$4,649
27 years$32,476$24,161$17,701$12,798$9,153$4,038
28 years$30,980$22,767$16,455$11,726$8,259$3,509
29 years$29,590$21,478$15,313$10,753$7,457$3,051
30 years$28,294$20,284$14,264$9,868$6,738$2,653
31 years$27,085$19,175$13,297$9,063$6,092$2,308
32 years$25,954$18,144$12,407$8,329$5,511$2,009
33 years$24,893$17,182$11,584$7,660$4,987$1,748
34 years$23,897$16,285$10,824$7,047$4,515$1,522
35 years$22,960$15,446$10,119$6,488$4,090$1,326
36 years$22,076$14,660$9,466$5,975$3,705$1,154
37 years$21,243$13,924$8,860$5,505$3,358$1,006
38 years$20,455$13,233$8,297$5,074$3,045$876
39 years$19,710$12,583$7,774$4,679$2,761$763
40 years$19,003$11,972$7,286$4,315$2,504$665
41 years$18,333$11,396$6,832$3,981$2,272$579
42 years$17,697$10,853$6,409$3,674$2,062$505
43 years$17,091$10,341$6,014$3,392$1,871$440
44 years$16,515$9,857$5,645$3,132$1,698$383
45 years$15,966$9,400$5,301$2,892$1,542$334
46 years$15,442$8,967$4,978$2,672$1,400$291
47 years$14,943$8,557$4,677$2,468$1,271$254
48 years$14,465$8,169$4,395$2,281$1,154$221
49 years$14,008$7,801$4,131$2,108$1,048$193
50 years$13,571$7,452$3,884$1,948$952$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,900,000, adding $6,976 every year, while hoping to spend $42,092 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: 41/41/18 Blend
58$13,900,000$13,900,000$13,900,000$13,900,000
59$15,324,996$14,588,296$14,372,846$15,871,711
60$16,843,360$15,258,337$14,809,551$16,930,688
61$18,515,186$15,959,799$15,259,474$18,071,540
62$20,356,084$16,694,178$15,723,015$19,305,474
63$22,383,252$17,463,040$16,200,584$20,641,013
64$24,615,642$18,268,028$16,692,602$22,087,505
65$27,074,140$19,110,863$17,199,507$23,655,207
66$29,781,757$19,993,350$17,721,745$25,355,375
67$32,763,852$20,917,380$18,259,779$27,200,367
68$36,048,367$21,884,934$18,814,084$29,203,748
69$39,666,095$22,898,091$19,385,150$31,380,417
70$43,650,967$23,959,027$19,973,482$33,746,734
71$48,040,371$25,070,025$20,579,600$36,320,670
72$52,875,511$26,233,478$21,204,038$39,121,972
73$58,201,788$27,451,893$21,847,348$42,172,332
74$64,069,234$28,727,899$22,510,098$45,495,594
75$70,532,981$30,064,252$23,192,872$49,117,961
76$77,653,785$31,463,840$23,896,273$53,068,237
77$85,498,593$32,929,690$24,620,920$57,378,090
78$94,141,181$34,464,977$25,367,453$62,082,335
79$103,662,848$36,073,027$26,136,529$67,219,260
80$114,153,182$37,757,329$26,928,826$72,830,968
81$125,710,907$39,521,538$27,745,042$78,963,767
82$138,444,814$41,369,488$28,585,895$85,668,593
83$152,474,789$43,305,197$29,452,126$93,001,480
84$167,932,941$45,332,876$30,344,497$101,024,070
85$184,964,856$47,456,941$31,263,792$109,804,187
86$203,730,963$49,682,023$32,210,821$119,416,459
87$224,408,053$52,012,973$33,186,415$129,943,005
88$247,190,947$54,454,882$34,191,432$141,474,197
89$272,294,334$57,013,081$35,226,756$154,109,495
90$299,954,799$59,693,165$36,293,295$167,958,367
91$330,433,054$62,500,996$37,391,986$183,141,305
92$364,016,401$65,442,720$38,523,793$199,790,940
93$401,021,444$68,524,784$39,689,710$218,053,277
94$441,797,075$71,753,942$40,890,760$238,089,050
95$486,727,772$75,137,280$42,127,995$260,075,215
96$536,237,222$78,682,224$43,402,500$284,206,600
97$590,792,327$82,396,562$44,715,393$310,697,717
98$650,907,609$86,288,458$46,067,823$339,784,764
99$717,150,066$90,366,473$47,460,975$371,727,823
100$790,144,524$94,639,581$48,896,069$406,813,292