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%12.7%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,119,571
2 years$580,506$569,695$559,217$549,058$539,204$526,362
3 years$383,160$372,302$361,850$351,787$342,093$329,564
4 years$284,506$273,681$263,334$253,443$243,984$231,864
5 years$225,329$214,569$204,358$194,668$185,472$173,798
6 years$185,891$175,212$165,152$155,678$146,758$135,543
7 years$157,732$147,143$137,242$127,991$119,354$108,602
8 years$136,622$126,129$116,392$107,369$99,015$88,727
9 years$120,212$109,818$100,248$91,454$83,385$73,556
10 years$107,092$96,799$87,399$78,834$71,048$61,672
11 years$96,364$86,174$76,945$68,610$61,104$52,172
12 years$87,430$77,345$68,286$60,180$52,951$44,455
13 years$79,877$69,898$61,009$53,130$46,175$38,103
14 years$73,408$63,535$54,817$47,163$40,476$32,818
15 years$67,807$58,040$49,493$42,061$35,639$28,382
16 years$62,911$53,251$44,872$37,661$31,498$24,629
17 years$58,596$49,042$40,832$33,838$27,928$21,435
18 years$54,764$45,317$37,274$30,495$24,832$18,702
19 years$51,339$41,999$34,123$27,555$22,133$16,352
20 years$48,261$39,028$31,316$24,956$19,770$14,324
21 years$45,480$36,353$28,805$22,649$17,692$12,567
22 years$42,955$33,934$26,548$20,593$15,858$11,041
23 years$40,653$31,738$24,513$18,755$14,235$9,712
24 years$38,545$29,736$22,670$17,105$12,795$8,552
25 years$36,610$27,906$20,997$15,622$11,514$7,537
26 years$34,826$26,227$19,474$14,284$10,371$6,648
27 years$33,177$24,683$18,083$13,074$9,350$5,868
28 years$31,649$23,259$16,810$11,979$8,437$5,182
29 years$30,228$21,942$15,644$10,985$7,618$4,580
30 years$28,905$20,722$14,571$10,081$6,884$4,049
31 years$27,670$19,589$13,584$9,259$6,224$3,581
32 years$26,514$18,535$12,675$8,509$5,630$3,169
33 years$25,430$17,553$11,834$7,825$5,095$2,804
34 years$24,412$16,636$11,057$7,200$4,613$2,483
35 years$23,455$15,779$10,338$6,628$4,178$2,199
36 years$22,553$14,977$9,671$6,104$3,785$1,948
37 years$21,701$14,225$9,052$5,624$3,431$1,725
38 years$20,897$13,518$8,476$5,184$3,110$1,529
39 years$20,135$12,855$7,942$4,780$2,821$1,355
40 years$19,414$12,230$7,444$4,408$2,558$1,201
41 years$18,729$11,642$6,980$4,067$2,321$1,065
42 years$18,079$11,087$6,547$3,754$2,106$944
43 years$17,460$10,564$6,144$3,465$1,911$837
44 years$16,872$10,070$5,767$3,199$1,735$742
45 years$16,311$9,602$5,415$2,955$1,575$658
46 years$15,776$9,160$5,086$2,729$1,430$584
47 years$15,265$8,742$4,778$2,522$1,299$518
48 years$14,777$8,345$4,490$2,330$1,179$459
49 years$14,311$7,969$4,220$2,153$1,071$407
50 years$13,864$7,612$3,968$1,990$973$361

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 $3,128 every year, while hoping to spend $24,083 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: 43/39/18 Blend
58$14,200,000$14,200,000$14,200,000$14,200,000
59$15,651,627$14,899,027$14,678,927$16,242,519
60$17,222,468$15,603,455$15,145,046$17,363,769
61$18,952,729$16,341,593$15,625,974$18,575,173
62$20,858,643$17,115,067$16,122,180$19,887,112
63$22,958,102$17,925,582$16,634,151$21,308,853
64$25,270,820$18,774,927$17,162,386$22,850,562
65$27,818,521$19,664,977$17,707,404$24,523,396
66$30,625,146$20,597,696$18,269,737$26,339,604
67$33,717,073$21,575,146$18,849,936$28,312,631
68$37,123,375$22,599,488$19,448,569$30,457,242
69$40,876,085$23,672,988$20,066,222$32,789,654
70$45,010,504$24,798,023$20,703,499$35,327,679
71$49,565,533$25,977,084$21,361,024$38,090,887
72$54,584,040$27,212,784$22,039,441$41,100,778
73$60,113,264$28,507,862$22,739,413$44,380,981
74$66,205,260$29,865,190$23,461,627$47,957,468
75$72,917,394$31,287,782$24,206,789$51,858,785
76$80,312,880$32,778,795$24,975,629$56,116,315
77$88,461,380$34,341,543$25,768,899$60,764,562
78$97,439,660$35,979,497$26,587,375$65,841,469
79$107,332,314$37,696,301$27,431,861$71,388,760
80$118,232,563$39,495,773$28,303,181$77,452,326
81$130,243,137$41,381,918$29,202,190$84,082,644
82$143,477,241$43,358,936$30,129,768$91,335,238
83$158,059,627$45,431,231$31,086,822$99,271,195
84$174,127,768$47,603,422$32,074,291$107,957,722
85$191,833,162$49,880,350$33,093,141$117,468,768
86$211,342,753$52,267,096$34,144,369$127,885,705
87$232,840,514$54,768,984$35,229,006$139,298,082
88$256,529,182$57,391,600$36,348,113$151,804,448
89$282,632,171$60,140,800$37,502,787$165,513,273
90$311,395,680$63,022,728$38,694,159$180,543,942
91$343,091,021$66,043,823$39,923,394$197,027,873
92$378,017,175$69,210,840$41,191,698$215,109,727
93$416,503,620$72,530,864$42,500,313$234,948,761
94$458,913,436$76,011,323$43,850,520$256,720,300
95$505,646,736$79,660,008$45,243,642$280,617,378
96$557,144,443$83,485,088$46,681,044$306,852,524
97$613,892,450$87,495,131$48,164,133$335,659,753
98$676,426,212$91,699,125$49,694,363$367,296,742
99$745,335,794$96,106,490$51,273,233$402,047,232
100$821,271,448$100,727,112$52,902,290$440,223,683