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%18.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,101,597
2 years$584,594$573,707$563,155$552,924$543,001$504,394
3 years$385,858$374,924$364,399$354,264$344,502$307,206
4 years$286,510$275,609$265,189$255,227$245,702$210,002
5 years$226,916$216,081$205,797$196,039$186,779$152,769
6 years$187,200$176,446$166,315$156,774$147,792$115,500
7 years$158,843$148,179$138,208$128,893$120,194$89,615
8 years$137,584$127,017$117,212$108,125$99,713$70,822
9 years$121,058$110,591$100,954$92,098$83,972$56,735
10 years$107,846$97,481$88,014$79,390$71,549$45,921
11 years$97,042$86,781$77,486$69,093$61,534$37,465
12 years$88,046$77,890$68,767$60,604$53,324$30,760
13 years$80,440$70,390$61,439$53,504$46,500$25,381
14 years$73,925$63,982$55,203$47,495$40,761$21,027
15 years$68,285$58,449$49,841$42,357$35,890$17,478
16 years$63,354$53,626$45,188$37,926$31,719$14,566
17 years$59,008$49,388$41,120$34,076$28,125$12,167
18 years$55,150$45,636$37,537$30,710$25,007$10,181
19 years$51,701$42,295$34,363$27,749$22,289$8,532
20 years$48,601$39,303$31,537$25,132$19,909$7,159
21 years$45,800$36,609$29,008$22,809$17,817$6,014
22 years$43,257$34,173$26,735$20,738$15,970$5,056
23 years$40,939$31,961$24,685$18,887$14,336$4,254
24 years$38,817$29,946$22,830$17,226$12,885$3,581
25 years$36,868$28,103$21,145$15,732$11,595$3,016
26 years$35,071$26,412$19,611$14,384$10,444$2,542
27 years$33,411$24,857$18,210$13,166$9,416$2,142
28 years$31,872$23,422$16,929$12,063$8,496$1,807
29 years$30,441$22,096$15,754$11,062$7,672$1,524
30 years$29,109$20,868$14,674$10,152$6,932$1,285
31 years$27,864$19,727$13,680$9,324$6,267$1,085
32 years$26,700$18,666$12,764$8,569$5,669$915
33 years$25,609$17,677$11,918$7,880$5,131$772
34 years$24,584$16,753$11,135$7,250$4,645$652
35 years$23,620$15,890$10,411$6,674$4,207$550
36 years$22,712$15,082$9,739$6,147$3,812$465
37 years$21,854$14,325$9,115$5,663$3,455$392
38 years$21,044$13,614$8,536$5,220$3,132$331
39 years$20,277$12,945$7,997$4,813$2,840$280
40 years$19,550$12,316$7,496$4,440$2,576$236
41 years$18,861$11,724$7,029$4,096$2,337$199
42 years$18,206$11,165$6,593$3,780$2,121$168
43 years$17,583$10,638$6,187$3,490$1,925$142
44 years$16,990$10,141$5,808$3,222$1,747$120
45 years$16,426$9,670$5,453$2,976$1,586$101
46 years$15,887$9,225$5,122$2,749$1,440$86
47 years$15,373$8,803$4,812$2,539$1,308$72
48 years$14,881$8,404$4,522$2,346$1,188$61
49 years$14,411$8,025$4,250$2,169$1,079$52
50 years$13,962$7,666$3,996$2,004$980$44

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 $2,095 every year, while hoping to spend $39,935 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: 82/6/12 Blend
58$14,300,000$14,300,000$14,300,000$14,300,000
59$15,760,761$15,002,861$14,781,211$17,019,304
60$17,325,868$15,695,511$15,233,891$18,537,380
61$19,049,278$16,420,762$15,700,397$20,198,346
62$20,947,094$17,180,169$16,181,151$22,020,835
63$23,037,064$17,975,364$16,676,586$24,021,037
64$25,338,742$18,808,054$17,187,149$26,216,788
65$27,873,676$19,680,031$17,713,301$28,627,729
66$30,665,610$20,593,172$18,255,515$31,275,492
67$33,740,709$21,549,444$18,814,282$34,183,907
68$37,127,806$22,550,911$19,390,104$37,379,219
69$40,858,670$23,599,734$19,983,501$40,890,339
70$44,968,314$24,698,180$20,595,008$44,749,113
71$49,495,316$25,848,625$21,225,175$48,990,621
72$54,482,190$27,053,559$21,874,570$53,653,506
73$59,975,783$28,315,593$22,543,777$58,780,340
74$66,027,719$29,637,463$23,233,400$64,418,019
75$72,694,886$31,022,039$23,944,059$70,618,206
76$80,039,974$32,472,328$24,676,394$77,437,820
77$88,132,061$33,991,483$25,431,064$84,939,563
78$97,047,275$35,582,808$26,208,747$93,192,518
79$106,869,500$37,249,770$27,010,144$102,272,793
80$117,691,180$38,995,999$27,835,975$112,264,242
81$129,614,183$40,825,305$28,686,982$123,259,248
82$142,750,765$42,741,680$29,563,931$135,359,597
83$157,224,629$44,749,310$30,467,610$148,677,435
84$173,172,097$46,852,581$31,398,830$163,336,322
85$190,743,389$49,056,096$32,358,429$179,472,398
86$210,104,046$51,364,676$33,347,268$197,235,664
87$231,436,493$53,783,379$34,366,236$216,791,393
88$254,941,757$56,317,507$35,416,246$238,321,690
89$280,841,368$58,972,616$36,498,242$262,027,206
90$309,379,450$61,754,537$37,613,195$288,129,026
91$340,825,022$64,669,377$38,762,106$316,870,758
92$375,474,542$67,723,544$39,946,004$348,520,824
93$413,654,702$70,923,754$41,165,952$383,374,990
94$455,725,513$74,277,050$42,423,043$421,759,156
95$502,083,706$77,790,816$43,718,405$464,032,429
96$553,166,470$81,472,793$45,053,198$510,590,502
97$609,455,590$85,331,099$46,428,620$561,869,394
98$671,481,982$89,374,245$47,845,901$618,349,552
99$739,830,717$93,611,156$49,306,311$680,560,388
100$815,146,537$98,051,189$50,811,159$749,085,269