Can I retire at age 59 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,133,927
2 years$588,682$577,719$567,093$556,791$546,798$532,360
3 years$388,557$377,546$366,947$356,741$346,911$332,833
4 years$288,513$277,536$267,043$257,012$247,420$233,809
5 years$228,503$217,592$207,237$197,410$188,085$174,981
6 years$188,509$177,680$167,478$157,870$148,825$136,245
7 years$159,953$149,215$139,175$129,794$121,035$108,983
8 years$138,546$127,905$118,031$108,881$100,410$88,885
9 years$121,905$111,364$101,660$92,742$84,560$73,557
10 years$108,600$98,162$88,630$79,945$72,049$61,560
11 years$97,721$87,388$78,028$69,576$61,965$51,981
12 years$88,662$78,435$69,248$61,027$53,697$44,207
13 years$81,002$70,882$61,869$53,878$46,825$37,817
14 years$74,442$64,430$55,589$47,827$41,047$32,507
15 years$68,762$58,858$50,190$42,653$36,141$28,055
16 years$63,797$54,001$45,504$38,191$31,941$24,296
17 years$59,421$49,733$41,407$34,315$28,321$21,101
18 years$55,535$45,955$37,799$30,924$25,182$18,371
19 years$52,063$42,591$34,603$27,943$22,445$16,027
20 years$48,941$39,578$31,757$25,308$20,048$14,008
21 years$46,120$36,865$29,211$22,968$17,941$12,263
22 years$43,560$34,412$26,922$20,883$16,082$10,749
23 years$41,225$32,185$24,858$19,019$14,436$9,433
24 years$39,088$30,155$22,989$17,346$12,975$8,287
25 years$37,125$28,299$21,293$15,842$11,676$7,287
26 years$35,316$26,597$19,748$14,485$10,517$6,412
27 years$33,644$25,031$18,338$13,258$9,482$5,646
28 years$32,094$23,586$17,047$12,147$8,556$4,974
29 years$30,654$22,251$15,864$11,139$7,726$4,385
30 years$29,312$21,014$14,777$10,223$6,981$3,867
31 years$28,059$19,865$13,776$9,389$6,311$3,412
32 years$26,887$18,796$12,853$8,629$5,709$3,012
33 years$25,788$17,800$12,001$7,935$5,167$2,659
34 years$24,756$16,871$11,213$7,301$4,678$2,348
35 years$23,785$16,002$10,483$6,721$4,237$2,074
36 years$22,871$15,188$9,807$6,190$3,839$1,833
37 years$22,007$14,425$9,179$5,703$3,479$1,619
38 years$21,191$13,709$8,596$5,257$3,154$1,431
39 years$20,419$13,036$8,053$4,847$2,860$1,265
40 years$19,687$12,402$7,548$4,471$2,594$1,119
41 years$18,993$11,806$7,078$4,125$2,354$989
42 years$18,333$11,244$6,639$3,807$2,136$875
43 years$17,706$10,713$6,230$3,514$1,938$773
44 years$17,109$10,212$5,848$3,245$1,759$684
45 years$16,540$9,738$5,491$2,996$1,597$605
46 years$15,998$9,289$5,157$2,768$1,450$535
47 years$15,480$8,865$4,845$2,557$1,317$473
48 years$14,985$8,463$4,553$2,363$1,196$419
49 years$14,512$8,081$4,280$2,184$1,086$370
50 years$14,059$7,720$4,024$2,018$987$328

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,400,000, adding $4,197 every year, while hoping to spend $25,253 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: 32/38/30 Blend
58$14,400,000$14,400,000$14,400,000$14,400,000
59$15,873,129$15,109,929$14,886,729$16,235,985
60$17,465,319$15,823,447$15,358,566$17,230,083
61$19,219,067$16,571,080$15,845,362$18,297,529
62$21,150,823$17,354,475$16,347,593$19,446,791
63$23,278,718$18,175,355$16,865,749$20,685,101
64$25,622,729$19,035,530$17,400,334$22,020,380
65$28,204,872$19,936,895$17,951,869$23,461,312
66$31,049,404$20,881,438$18,520,892$25,017,408
67$34,183,060$21,871,245$19,107,958$26,699,099
68$37,635,296$22,908,500$19,713,639$28,517,822
69$41,438,577$23,995,497$20,338,526$30,486,122
70$45,628,672$25,134,637$20,983,228$32,617,760
71$50,245,004$26,328,441$21,648,373$34,927,836
72$55,331,011$27,579,551$22,334,610$37,432,924
73$60,934,562$28,890,738$23,042,607$40,151,216
74$67,108,409$30,264,905$23,773,056$43,102,685
75$73,910,682$31,705,101$24,526,669$46,309,267
76$81,405,439$33,214,518$25,304,180$49,795,052
77$89,663,271$34,796,507$26,106,347$53,586,503
78$98,761,968$36,454,579$26,933,953$57,712,696
79$108,787,253$38,192,418$27,787,805$62,205,577
80$119,833,591$40,013,884$28,668,735$67,100,256
81$132,005,082$41,923,029$29,577,602$72,435,325
82$145,416,442$43,924,099$30,515,293$78,253,204
83$160,194,085$46,021,547$31,482,722$84,600,531
84$176,477,322$48,220,042$32,480,832$91,528,586
85$194,419,666$50,524,482$33,510,598$99,093,758
86$214,190,292$52,940,002$34,573,023$107,358,064
87$235,975,627$55,471,986$35,669,144$116,389,712
88$259,981,110$58,126,083$36,800,029$126,263,732
89$286,433,135$60,908,213$37,966,783$137,062,663
90$315,581,186$63,824,587$39,170,541$148,877,310
91$347,700,193$66,881,717$40,412,480$161,807,584
92$383,093,124$70,086,433$41,693,810$175,963,423
93$422,093,851$73,445,897$43,015,781$191,465,806
94$465,070,298$76,967,619$44,379,683$208,447,871
95$512,427,912$80,659,476$45,786,846$227,056,148
96$564,613,496$84,529,728$47,238,643$247,451,916
97$622,119,426$88,587,037$48,736,490$269,812,698
98$685,488,293$92,840,489$50,281,849$294,333,908
99$755,318,035$97,299,608$51,876,227$321,230,668
100$832,267,574$101,974,388$53,521,179$350,739,805