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

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 $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%13.8%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,106,638
2 years$576,418$565,683$555,279$545,191$535,407$517,604
3 years$380,462$369,680$359,302$349,309$339,684$322,349
4 years$282,503$271,754$261,480$251,658$242,265$225,531
5 years$223,742$213,058$202,919$193,297$184,166$168,081
6 years$184,582$173,978$163,989$154,581$145,725$130,307
7 years$156,621$146,107$136,275$127,090$118,513$103,768
8 years$135,660$125,240$115,572$106,613$98,318$84,243
9 years$119,365$109,044$99,543$90,810$82,798$69,386
10 years$106,337$96,117$86,783$78,279$70,548$57,788
11 years$95,685$85,567$76,403$68,126$60,674$48,552
12 years$86,815$76,801$67,805$59,756$52,579$41,081
13 years$79,315$69,405$60,580$52,756$45,849$34,959
14 years$72,892$63,088$54,431$46,831$40,191$29,890
15 years$67,330$57,632$49,144$41,765$35,388$25,656
16 years$62,468$52,876$44,556$37,396$31,276$22,095
17 years$58,183$48,697$40,544$33,600$27,731$19,081
18 years$54,378$44,998$37,012$30,280$24,657$16,517
19 years$50,978$41,704$33,883$27,361$21,978$14,326
20 years$47,921$38,753$31,096$24,780$19,631$12,447
21 years$45,160$36,097$28,602$22,490$17,567$10,831
22 years$42,652$33,695$26,361$20,448$15,747$9,436
23 years$40,366$31,514$24,340$18,623$14,135$8,230
24 years$38,274$29,527$22,510$16,985$12,705$7,185
25 years$36,352$27,710$20,849$15,512$11,433$6,278
26 years$34,581$26,043$19,336$14,183$10,298$5,489
27 years$32,943$24,509$17,956$12,982$9,285$4,803
28 years$31,426$23,095$16,692$11,894$8,378$4,204
29 years$30,015$21,787$15,533$10,907$7,565$3,682
30 years$28,702$20,576$14,469$10,010$6,835$3,226
31 years$27,475$19,451$13,489$9,194$6,180$2,828
32 years$26,327$18,405$12,585$8,449$5,590$2,479
33 years$25,251$17,429$11,751$7,770$5,059$2,174
34 years$24,241$16,519$10,979$7,149$4,580$1,907
35 years$23,290$15,668$10,265$6,581$4,149$1,674
36 years$22,394$14,871$9,603$6,061$3,759$1,469
37 years$21,549$14,124$8,988$5,584$3,407$1,289
38 years$20,750$13,423$8,417$5,147$3,089$1,132
39 years$19,993$12,764$7,886$4,746$2,801$993
40 years$19,277$12,144$7,391$4,377$2,540$872
41 years$18,597$11,560$6,931$4,039$2,305$766
42 years$17,951$11,009$6,501$3,727$2,091$673
43 years$17,337$10,490$6,100$3,441$1,898$591
44 years$16,753$9,999$5,726$3,177$1,723$519
45 years$16,196$9,535$5,377$2,934$1,564$456
46 years$15,665$9,096$5,050$2,710$1,420$400
47 years$15,158$8,680$4,744$2,504$1,289$352
48 years$14,673$8,286$4,458$2,314$1,171$309
49 years$14,210$7,913$4,191$2,138$1,064$271
50 years$13,767$7,559$3,940$1,976$966$238

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 $2,419 every year, while hoping to spend $59,153 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: 42/37/21 Blend
58$14,100,000$14,100,000$14,100,000$14,100,000
59$15,540,695$14,793,395$14,574,845$16,097,698
60$17,062,908$15,455,333$15,000,164$17,155,915
61$18,738,403$16,147,724$15,437,749$18,295,245
62$20,582,755$16,871,996$15,887,947$19,527,845
63$22,613,120$17,629,649$16,351,118$20,862,315
64$24,848,407$18,422,250$16,827,630$22,308,095
65$27,309,449$19,251,445$17,317,860$23,875,549
66$30,019,203$20,118,955$17,822,197$25,576,054
67$33,002,962$21,026,585$18,341,042$27,422,106
68$36,288,603$21,976,226$18,874,805$29,427,428
69$39,906,837$22,969,858$19,423,908$31,607,098
70$43,891,511$24,009,557$19,988,785$33,977,679
71$48,279,918$25,097,498$20,569,882$36,557,374
72$53,113,153$26,235,960$21,167,658$39,366,188
73$58,436,503$27,427,330$21,782,582$42,426,109
74$64,299,867$28,674,109$22,415,139$45,761,309
75$70,758,233$29,978,921$23,065,826$49,398,366
76$77,872,196$31,344,511$23,735,155$53,366,502
77$85,708,527$32,773,759$24,423,649$57,697,852
78$94,340,805$34,269,681$25,131,849$62,427,761
79$103,850,110$35,835,439$25,860,309$67,595,102
80$114,325,791$37,474,345$26,609,599$73,242,639
81$125,866,304$39,189,870$27,380,304$79,417,418
82$138,580,148$40,985,654$28,173,024$86,171,198
83$152,586,881$42,865,509$28,988,378$93,560,929
84$168,018,254$44,833,431$29,827,001$101,649,281
85$185,019,455$46,893,608$30,689,544$110,505,219
86$203,750,473$49,050,428$31,576,677$120,204,642
87$224,387,614$51,308,492$32,489,089$130,831,086
88$247,125,164$53,672,622$33,427,487$142,476,500
89$272,177,219$56,147,868$34,392,596$155,242,094
90$299,779,710$58,739,529$35,385,163$169,239,286
91$330,192,629$61,453,154$36,405,954$184,590,729
92$363,702,480$64,294,561$37,455,756$201,431,461
93$400,624,987$67,269,849$38,535,378$219,910,152
94$441,308,072$70,385,408$39,645,650$240,190,496
95$486,135,142$73,647,939$40,787,425$262,452,736
96$535,528,702$77,064,465$41,961,580$286,895,339
97$589,954,351$80,642,344$43,169,014$313,736,856
98$649,925,170$84,389,294$44,410,651$343,217,957
99$716,006,570$88,313,402$45,687,440$375,603,682
100$788,821,627$92,423,146$47,000,357$411,185,919