Can I retire at age 59 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,110,304
2 years$576,418$565,683$555,279$545,191$535,407$521,269
3 years$380,462$369,680$359,302$349,309$339,684$325,899
4 years$282,503$271,754$261,480$251,658$242,265$228,938
5 years$223,742$213,058$202,919$193,297$184,166$171,336
6 years$184,582$173,978$163,989$154,581$145,725$133,407
7 years$156,621$146,107$136,275$127,090$118,513$106,712
8 years$135,660$125,240$115,572$106,613$98,318$87,033
9 years$119,365$109,044$99,543$90,810$82,798$72,024
10 years$106,337$96,117$86,783$78,279$70,548$60,278
11 years$95,685$85,567$76,403$68,126$60,674$50,898
12 years$86,815$76,801$67,805$59,756$52,579$43,286
13 years$79,315$69,405$60,580$52,756$45,849$37,029
14 years$72,892$63,088$54,431$46,831$40,191$31,830
15 years$67,330$57,632$49,144$41,765$35,388$27,471
16 years$62,468$52,876$44,556$37,396$31,276$23,790
17 years$58,183$48,697$40,544$33,600$27,731$20,661
18 years$54,378$44,998$37,012$30,280$24,657$17,988
19 years$50,978$41,704$33,883$27,361$21,978$15,693
20 years$47,921$38,753$31,096$24,780$19,631$13,716
21 years$45,160$36,097$28,602$22,490$17,567$12,007
22 years$42,652$33,695$26,361$20,448$15,747$10,525
23 years$40,366$31,514$24,340$18,623$14,135$9,237
24 years$38,274$29,527$22,510$16,985$12,705$8,114
25 years$36,352$27,710$20,849$15,512$11,433$7,135
26 years$34,581$26,043$19,336$14,183$10,298$6,278
27 years$32,943$24,509$17,956$12,982$9,285$5,528
28 years$31,426$23,095$16,692$11,894$8,378$4,871
29 years$30,015$21,787$15,533$10,907$7,565$4,294
30 years$28,702$20,576$14,469$10,010$6,835$3,787
31 years$27,475$19,451$13,489$9,194$6,180$3,341
32 years$26,327$18,405$12,585$8,449$5,590$2,949
33 years$25,251$17,429$11,751$7,770$5,059$2,604
34 years$24,241$16,519$10,979$7,149$4,580$2,299
35 years$23,290$15,668$10,265$6,581$4,149$2,031
36 years$22,394$14,871$9,603$6,061$3,759$1,794
37 years$21,549$14,124$8,988$5,584$3,407$1,586
38 years$20,750$13,423$8,417$5,147$3,089$1,402
39 years$19,993$12,764$7,886$4,746$2,801$1,239
40 years$19,277$12,144$7,391$4,377$2,540$1,095
41 years$18,597$11,560$6,931$4,039$2,305$968
42 years$17,951$11,009$6,501$3,727$2,091$856
43 years$17,337$10,490$6,100$3,441$1,898$757
44 years$16,753$9,999$5,726$3,177$1,723$670
45 years$16,196$9,535$5,377$2,934$1,564$592
46 years$15,665$9,096$5,050$2,710$1,420$524
47 years$15,158$8,680$4,744$2,504$1,289$464
48 years$14,673$8,286$4,458$2,314$1,171$410
49 years$14,210$7,913$4,191$2,138$1,064$363
50 years$13,767$7,559$3,940$1,976$966$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,100,000, adding $6,180 every year, while hoping to spend $29,755 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: 71/16/13 Blend
58$14,100,000$14,100,000$14,100,000$14,100,000
59$15,544,575$14,797,275$14,578,725$16,604,146
60$17,098,462$15,490,682$15,035,453$18,000,902
61$18,809,849$16,217,069$15,506,484$19,525,212
62$20,694,769$16,978,020$15,992,266$21,193,083
63$22,770,889$17,775,197$16,493,261$23,018,680
64$25,057,679$18,610,341$17,009,945$25,017,593
65$27,576,593$19,485,279$17,542,808$27,206,979
66$30,351,271$20,401,923$18,092,358$29,605,726
67$33,407,765$21,362,282$18,659,117$32,234,623
68$36,774,783$22,368,459$19,243,623$35,116,558
69$40,483,958$23,422,661$19,846,432$38,276,727
70$44,570,151$24,527,201$20,468,116$41,742,870
71$49,071,776$25,684,503$21,109,268$45,545,529
72$54,031,163$26,897,110$21,770,495$49,718,335
73$59,494,962$28,167,688$22,452,426$54,298,317
74$65,514,575$29,499,032$23,155,709$59,326,252
75$72,146,649$30,894,072$23,881,013$64,847,041
76$79,453,607$32,355,882$24,629,027$70,910,135
77$87,504,237$33,887,681$25,400,461$77,569,991
78$96,374,341$35,492,850$26,196,048$84,886,583
79$106,147,453$37,174,929$27,016,545$92,925,967
80$116,915,624$38,937,632$27,862,731$101,760,893
81$128,780,295$40,784,853$28,735,410$111,471,492
82$141,853,250$42,720,675$29,635,410$122,146,023
83$156,257,672$44,749,379$30,563,588$133,881,702
84$172,129,311$46,875,455$31,520,824$146,785,611
85$189,617,758$49,103,609$32,508,028$160,975,709
86$208,887,861$51,438,778$33,526,139$176,581,929
87$230,121,280$53,886,136$34,576,122$193,747,405
88$253,518,205$56,451,110$35,658,976$212,629,814
89$279,299,239$59,139,392$36,775,729$233,402,854
90$307,707,487$61,956,948$37,927,442$256,257,880
91$339,010,848$64,910,036$39,115,209$281,405,698
92$373,504,544$68,005,216$40,340,157$309,078,549
93$411,513,906$71,249,370$41,603,451$339,532,291
94$453,397,447$74,649,713$42,906,290$373,048,803
95$499,550,248$78,213,810$44,249,912$409,938,639
96$550,407,681$81,949,594$45,635,592$450,543,949
97$606,449,526$85,865,387$47,064,646$495,241,695
98$668,204,499$89,969,911$48,538,432$544,447,200
99$736,255,237$94,272,316$50,058,349$598,618,057
100$811,243,808$98,782,197$51,625,841$658,258,436