Can I retire at age 59 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,092,152
2 years$580,506$569,695$559,217$549,058$539,204$499,155
3 years$383,160$372,302$361,850$351,787$342,093$303,431
4 years$284,506$273,681$263,334$253,443$243,984$207,003
5 years$225,329$214,569$204,358$194,668$185,472$150,270
6 years$185,891$175,212$165,152$155,678$146,758$113,361
7 years$157,732$147,143$137,242$127,991$119,354$87,755
8 years$136,622$126,129$116,392$107,369$99,015$69,188
9 years$120,212$109,818$100,248$91,454$83,385$55,291
10 years$107,092$96,799$87,399$78,834$71,048$44,639
11 years$96,364$86,174$76,945$68,610$61,104$36,325
12 years$87,430$77,345$68,286$60,180$52,951$29,744
13 years$79,877$69,898$61,009$53,130$46,175$24,476
14 years$73,408$63,535$54,817$47,163$40,476$20,221
15 years$67,807$58,040$49,493$42,061$35,639$16,760
16 years$62,911$53,251$44,872$37,661$31,498$13,928
17 years$58,596$49,042$40,832$33,838$27,928$11,599
18 years$54,764$45,317$37,274$30,495$24,832$9,677
19 years$51,339$41,999$34,123$27,555$22,133$8,085
20 years$48,261$39,028$31,316$24,956$19,770$6,764
21 years$45,480$36,353$28,805$22,649$17,692$5,664
22 years$42,955$33,934$26,548$20,593$15,858$4,747
23 years$40,653$31,738$24,513$18,755$14,235$3,981
24 years$38,545$29,736$22,670$17,105$12,795$3,341
25 years$36,610$27,906$20,997$15,622$11,514$2,805
26 years$34,826$26,227$19,474$14,284$10,371$2,356
27 years$33,177$24,683$18,083$13,074$9,350$1,980
28 years$31,649$23,259$16,810$11,979$8,437$1,664
29 years$30,228$21,942$15,644$10,985$7,618$1,399
30 years$28,905$20,722$14,571$10,081$6,884$1,176
31 years$27,670$19,589$13,584$9,259$6,224$989
32 years$26,514$18,535$12,675$8,509$5,630$832
33 years$25,430$17,553$11,834$7,825$5,095$700
34 years$24,412$16,636$11,057$7,200$4,613$589
35 years$23,455$15,779$10,338$6,628$4,178$495
36 years$22,553$14,977$9,671$6,104$3,785$417
37 years$21,701$14,225$9,052$5,624$3,431$351
38 years$20,897$13,518$8,476$5,184$3,110$295
39 years$20,135$12,855$7,942$4,780$2,821$248
40 years$19,414$12,230$7,444$4,408$2,558$209
41 years$18,729$11,642$6,980$4,067$2,321$176
42 years$18,079$11,087$6,547$3,754$2,106$148
43 years$17,460$10,564$6,144$3,465$1,911$125
44 years$16,872$10,070$5,767$3,199$1,735$105
45 years$16,311$9,602$5,415$2,955$1,575$88
46 years$15,776$9,160$5,086$2,729$1,430$74
47 years$15,265$8,742$4,778$2,522$1,299$63
48 years$14,777$8,345$4,490$2,330$1,179$53
49 years$14,311$7,969$4,220$2,153$1,071$44
50 years$13,864$7,612$3,968$1,990$973$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,200,000, adding $2,043 every year, while hoping to spend $42,660 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: 50/44/6 Blend
58$14,200,000$14,200,000$14,200,000$14,200,000
59$15,650,507$14,897,907$14,677,807$16,409,721
60$17,201,469$15,582,515$15,124,124$17,611,507
61$18,909,199$16,299,238$15,583,962$18,911,898
62$20,789,643$17,049,607$16,057,731$20,323,851
63$22,860,371$17,835,222$16,545,849$21,857,812
64$25,140,744$18,657,762$17,048,750$23,525,251
65$27,652,096$19,518,989$17,566,879$25,338,764
66$30,417,937$20,420,746$18,100,697$27,312,184
67$33,464,171$21,364,968$18,650,674$29,460,706
68$36,819,344$22,353,679$19,217,300$31,801,025
69$40,514,913$23,389,005$19,801,075$34,351,486
70$44,585,540$24,473,172$20,402,517$37,132,245
71$49,069,421$25,608,513$21,022,157$40,165,461
72$54,008,647$26,797,475$21,660,544$43,475,488
73$59,449,599$28,042,622$22,318,243$47,089,101
74$65,443,388$29,346,641$22,995,835$51,035,739
75$72,046,337$30,712,350$23,693,918$55,347,774
76$79,320,511$32,142,701$24,413,111$60,060,803
77$87,334,301$33,640,792$25,154,049$65,213,981
78$96,163,075$35,209,867$25,917,385$70,850,373
79$105,889,886$36,853,327$26,703,795$77,017,353
80$116,606,254$38,574,740$27,513,972$83,767,038
81$128,413,033$40,377,843$28,348,631$91,156,769
82$141,421,362$42,266,556$29,208,509$99,249,638
83$155,753,710$44,244,988$30,094,364$108,115,070
84$171,545,041$46,317,444$31,006,977$117,829,465
85$188,944,078$48,488,441$31,947,153$128,476,904
86$208,114,711$50,762,713$32,915,721$140,149,928
87$229,237,547$53,145,221$33,913,533$152,950,395
88$252,511,609$55,641,169$34,941,468$166,990,421
89$278,156,219$58,256,012$36,000,433$182,393,428
90$306,413,063$60,995,466$37,091,357$199,295,283
91$337,548,481$63,865,529$38,215,203$217,845,564
92$371,855,971$66,872,486$39,372,958$238,208,953
93$409,658,969$70,022,926$40,565,640$260,566,768
94$451,313,893$73,323,758$41,794,298$285,118,649
95$497,213,515$76,782,228$43,060,012$312,084,425
96$547,790,665$80,405,929$44,363,895$341,706,160
97$603,522,318$84,202,824$45,707,090$374,250,413
98$664,934,095$88,181,263$47,090,778$410,010,728
99$732,605,227$92,350,000$48,516,174$449,310,379
100$807,174,022$96,718,211$49,984,527$492,505,387