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%16.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,109,138
2 years$584,594$573,707$563,155$552,924$543,001$511,831
3 years$385,858$374,924$364,399$354,264$344,502$314,302
4 years$286,510$275,609$265,189$255,227$245,702$216,704
5 years$226,916$216,081$205,797$196,039$186,779$159,063
6 years$187,200$176,446$166,315$156,774$147,792$121,384
7 years$158,843$148,179$138,208$128,893$120,194$95,096
8 years$137,584$127,017$117,212$108,125$99,713$75,910
9 years$121,058$110,591$100,954$92,098$83,972$61,444
10 years$107,846$97,481$88,014$79,390$71,549$50,265
11 years$97,042$86,781$77,486$69,093$61,534$41,462
12 years$88,046$77,890$68,767$60,604$53,324$34,426
13 years$80,440$70,390$61,439$53,504$46,500$28,735
14 years$73,925$63,982$55,203$47,495$40,761$24,088
15 years$68,285$58,449$49,841$42,357$35,890$20,264
16 years$63,354$53,626$45,188$37,926$31,719$17,097
17 years$59,008$49,388$41,120$34,076$28,125$14,459
18 years$55,150$45,636$37,537$30,710$25,007$12,253
19 years$51,701$42,295$34,363$27,749$22,289$10,401
20 years$48,601$39,303$31,537$25,132$19,909$8,842
21 years$45,800$36,609$29,008$22,809$17,817$7,525
22 years$43,257$34,173$26,735$20,738$15,970$6,411
23 years$40,939$31,961$24,685$18,887$14,336$5,466
24 years$38,817$29,946$22,830$17,226$12,885$4,664
25 years$36,868$28,103$21,145$15,732$11,595$3,983
26 years$35,071$26,412$19,611$14,384$10,444$3,402
27 years$33,411$24,857$18,210$13,166$9,416$2,908
28 years$31,872$23,422$16,929$12,063$8,496$2,486
29 years$30,441$22,096$15,754$11,062$7,672$2,126
30 years$29,109$20,868$14,674$10,152$6,932$1,819
31 years$27,864$19,727$13,680$9,324$6,267$1,556
32 years$26,700$18,666$12,764$8,569$5,669$1,332
33 years$25,609$17,677$11,918$7,880$5,131$1,140
34 years$24,584$16,753$11,135$7,250$4,645$976
35 years$23,620$15,890$10,411$6,674$4,207$836
36 years$22,712$15,082$9,739$6,147$3,812$716
37 years$21,854$14,325$9,115$5,663$3,455$613
38 years$21,044$13,614$8,536$5,220$3,132$525
39 years$20,277$12,945$7,997$4,813$2,840$450
40 years$19,550$12,316$7,496$4,440$2,576$385
41 years$18,861$11,724$7,029$4,096$2,337$330
42 years$18,206$11,165$6,593$3,780$2,121$283
43 years$17,583$10,638$6,187$3,490$1,925$242
44 years$16,990$10,141$5,808$3,222$1,747$208
45 years$16,426$9,670$5,453$2,976$1,586$178
46 years$15,887$9,225$5,122$2,749$1,440$152
47 years$15,373$8,803$4,812$2,539$1,308$131
48 years$14,881$8,404$4,522$2,346$1,188$112
49 years$14,411$8,025$4,250$2,169$1,079$96
50 years$13,962$7,666$3,996$2,004$980$82

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 $4,964 every year, while hoping to spend $38,490 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: 67/16/17 Blend
58$14,300,000$14,300,000$14,300,000$14,300,000
59$15,763,720$15,005,820$14,784,170$16,754,648
60$17,330,667$15,700,153$15,238,487$18,111,717
61$19,056,152$16,427,217$15,706,733$19,590,116
62$20,956,305$17,188,577$16,189,335$21,205,762
63$23,048,902$17,985,871$16,686,731$22,972,130
64$25,353,528$18,820,816$17,199,375$24,904,050
65$27,891,766$19,695,214$17,727,731$27,017,840
66$30,687,397$20,610,950$18,272,281$29,331,462
67$33,766,628$21,570,004$18,833,520$31,864,683
68$37,158,339$22,574,449$19,411,957$34,639,264
69$40,894,350$23,626,458$20,008,119$37,679,159
70$45,009,730$24,728,310$20,622,547$41,010,734
71$49,543,119$25,882,394$21,255,799$44,663,021
72$54,537,099$27,091,213$21,908,450$48,667,981
73$60,038,594$28,357,393$22,581,094$53,060,804
74$66,099,310$29,683,685$23,274,340$57,880,236
75$72,776,228$31,072,974$23,988,819$63,168,943
76$80,132,138$32,528,284$24,725,179$68,973,907
77$88,236,231$34,052,785$25,484,087$75,346,866
78$97,164,757$35,649,801$26,266,234$82,344,795
79$107,001,737$37,322,817$27,072,328$90,030,441
80$117,839,764$39,075,485$27,903,101$98,472,911
81$129,780,871$40,911,635$28,759,306$107,748,315
82$142,937,497$42,835,282$29,641,719$117,940,481
83$157,433,546$44,850,635$30,551,142$129,141,740
84$173,405,560$46,962,108$31,488,397$141,453,793
85$191,004,003$49,174,328$32,454,334$154,988,660
86$210,394,687$51,492,145$33,449,830$169,869,732
87$231,760,331$53,920,646$34,475,785$186,232,933
88$255,302,290$56,465,163$35,533,130$204,227,989
89$281,242,455$59,131,288$36,622,821$224,019,838
90$309,825,346$61,924,881$37,745,846$245,790,176
91$341,320,420$64,852,090$38,903,221$269,739,165
92$376,024,618$67,919,357$40,095,994$296,087,313
93$414,265,165$71,133,441$41,325,245$325,077,548
94$456,402,657$74,501,425$42,592,086$356,977,498
95$502,834,470$78,030,737$43,897,663$392,082,009
96$553,998,508$81,729,166$45,243,157$430,715,919
97$610,377,339$85,604,877$46,629,786$473,237,111
98$672,502,746$89,666,435$48,058,802$520,039,879
99$740,960,753$93,922,817$49,531,499$571,558,644
100$816,397,152$98,383,438$51,049,207$628,272,033