Can I retire at age 59 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,121,873
2 years$584,594$573,707$563,155$552,924$543,001$524,485
3 years$385,858$374,924$364,399$354,264$344,502$326,475
4 years$286,510$275,609$265,189$255,227$245,702$228,303
5 years$226,916$216,081$205,797$196,039$186,779$170,058
6 years$187,200$176,446$166,315$156,774$147,792$131,768
7 years$158,843$148,179$138,208$128,893$120,194$104,873
8 years$137,584$127,017$117,212$108,125$99,713$85,091
9 years$121,058$110,591$100,954$92,098$83,972$70,043
10 years$107,846$97,481$88,014$79,390$71,549$58,299
11 years$97,042$86,781$77,486$69,093$61,534$48,951
12 years$88,046$77,890$68,767$60,604$53,324$41,392
13 years$80,440$70,390$61,439$53,504$46,500$35,200
14 years$73,925$63,982$55,203$47,495$40,761$30,076
15 years$68,285$58,449$49,841$42,357$35,890$25,798
16 years$63,354$53,626$45,188$37,926$31,719$22,202
17 years$59,008$49,388$41,120$34,076$28,125$19,159
18 years$55,150$45,636$37,537$30,710$25,007$16,573
19 years$51,701$42,295$34,363$27,749$22,289$14,364
20 years$48,601$39,303$31,537$25,132$19,909$12,471
21 years$45,800$36,609$29,008$22,809$17,817$10,843
22 years$43,257$34,173$26,735$20,738$15,970$9,440
23 years$40,939$31,961$24,685$18,887$14,336$8,227
24 years$38,817$29,946$22,830$17,226$12,885$7,177
25 years$36,868$28,103$21,145$15,732$11,595$6,266
26 years$35,071$26,412$19,611$14,384$10,444$5,474
27 years$33,411$24,857$18,210$13,166$9,416$4,786
28 years$31,872$23,422$16,929$12,063$8,496$4,186
29 years$30,441$22,096$15,754$11,062$7,672$3,663
30 years$29,109$20,868$14,674$10,152$6,932$3,207
31 years$27,864$19,727$13,680$9,324$6,267$2,809
32 years$26,700$18,666$12,764$8,569$5,669$2,460
33 years$25,609$17,677$11,918$7,880$5,131$2,156
34 years$24,584$16,753$11,135$7,250$4,645$1,890
35 years$23,620$15,890$10,411$6,674$4,207$1,657
36 years$22,712$15,082$9,739$6,147$3,812$1,453
37 years$21,854$14,325$9,115$5,663$3,455$1,274
38 years$21,044$13,614$8,536$5,220$3,132$1,117
39 years$20,277$12,945$7,997$4,813$2,840$980
40 years$19,550$12,316$7,496$4,440$2,576$860
41 years$18,861$11,724$7,029$4,096$2,337$754
42 years$18,206$11,165$6,593$3,780$2,121$662
43 years$17,583$10,638$6,187$3,490$1,925$581
44 years$16,990$10,141$5,808$3,222$1,747$510
45 years$16,426$9,670$5,453$2,976$1,586$447
46 years$15,887$9,225$5,122$2,749$1,440$393
47 years$15,373$8,803$4,812$2,539$1,308$345
48 years$14,881$8,404$4,522$2,346$1,188$302
49 years$14,411$8,025$4,250$2,169$1,079$265
50 years$13,962$7,666$3,996$2,004$980$233

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,300,000, adding $3,687 every year, while hoping to spend $52,589 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: 37/42/21 Blend
58$14,300,000$14,300,000$14,300,000$14,300,000
59$15,762,403$15,004,503$14,782,853$16,245,794
60$17,314,214$15,683,770$15,222,124$17,277,043
61$19,022,547$16,394,557$15,674,349$18,385,022
62$20,903,312$17,138,356$16,139,905$19,580,748
63$22,974,039$17,916,725$16,619,181$20,872,143
64$25,254,047$18,731,300$17,112,579$22,267,889
65$27,764,619$19,583,793$17,620,510$23,777,511
66$30,529,212$20,476,001$18,143,399$25,411,455
67$33,573,671$21,409,804$18,681,682$27,181,182
68$36,926,474$22,387,173$19,235,807$29,099,271
69$40,619,004$23,410,174$19,806,236$31,179,528
70$44,685,842$24,480,972$20,393,445$33,437,110
71$49,165,094$25,601,836$20,997,922$35,888,660
72$54,098,751$26,775,144$21,620,169$38,552,457
73$59,533,084$28,003,386$22,260,705$41,448,576
74$65,519,080$29,289,174$22,920,060$44,599,074
75$72,112,928$30,635,244$23,598,784$48,028,186
76$79,376,541$32,044,466$24,297,437$51,762,542
77$87,378,148$33,519,844$25,016,601$55,831,413
78$96,192,932$35,064,530$25,756,871$60,266,970
79$105,903,744$36,681,825$26,518,859$65,104,584
80$116,601,882$38,375,190$27,303,196$70,383,142
81$128,387,952$40,148,253$28,110,532$76,145,404
82$141,372,821$42,004,815$28,941,532$82,438,396
83$155,678,659$43,948,862$29,796,884$89,313,836
84$171,440,096$45,984,569$30,677,294$96,828,611
85$188,805,489$48,116,317$31,583,486$105,045,299
86$207,938,326$50,348,692$32,516,209$114,032,746
87$229,018,763$52,686,507$33,476,231$123,866,694
88$252,245,334$55,134,802$34,464,341$134,630,486
89$277,836,814$57,698,864$35,481,353$146,415,832
90$306,034,293$60,384,232$36,528,102$159,323,656
91$337,103,445$63,196,713$37,605,447$173,465,029
92$371,337,041$66,142,397$38,714,274$188,962,200
93$409,057,708$69,227,664$39,855,492$205,949,727
94$450,620,979$72,459,204$41,030,036$224,575,725
95$496,418,644$75,844,030$42,238,867$245,003,241
96$546,882,452$79,389,494$43,482,975$267,411,771
97$602,488,186$83,103,302$44,763,378$291,998,926
98$663,760,151$86,993,535$46,081,122$318,982,275
99$731,276,130$91,068,661$47,437,283$348,601,368
100$805,672,830$95,337,560$48,832,967$381,119,969