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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,114,198
2 years$588,682$577,719$567,093$556,791$546,798$512,746
3 years$388,557$377,546$366,947$356,741$346,911$313,953
4 years$288,513$277,536$267,043$257,012$247,420$215,809
5 years$228,503$217,592$207,237$197,410$188,085$157,906
6 years$188,509$177,680$167,478$157,870$148,825$120,106
7 years$159,953$149,215$139,175$129,794$121,035$93,775
8 years$138,546$127,905$118,031$108,881$100,410$74,592
9 years$121,905$111,364$101,660$92,742$84,560$60,158
10 years$108,600$98,162$88,630$79,945$72,049$49,029
11 years$97,721$87,388$78,028$69,576$61,965$40,286
12 years$88,662$78,435$69,248$61,027$53,697$33,318
13 years$81,002$70,882$61,869$53,878$46,825$27,698
14 years$74,442$64,430$55,589$47,827$41,047$23,123
15 years$68,762$58,858$50,190$42,653$36,141$19,370
16 years$63,797$54,001$45,504$38,191$31,941$16,272
17 years$59,421$49,733$41,407$34,315$28,321$13,701
18 years$55,535$45,955$37,799$30,924$25,182$11,559
19 years$52,063$42,591$34,603$27,943$22,445$9,768
20 years$48,941$39,578$31,757$25,308$20,048$8,266
21 years$46,120$36,865$29,211$22,968$17,941$7,002
22 years$43,560$34,412$26,922$20,883$16,082$5,938
23 years$41,225$32,185$24,858$19,019$14,436$5,039
24 years$39,088$30,155$22,989$17,346$12,975$4,279
25 years$37,125$28,299$21,293$15,842$11,676$3,636
26 years$35,316$26,597$19,748$14,485$10,517$3,092
27 years$33,644$25,031$18,338$13,258$9,482$2,629
28 years$32,094$23,586$17,047$12,147$8,556$2,237
29 years$30,654$22,251$15,864$11,139$7,726$1,904
30 years$29,312$21,014$14,777$10,223$6,981$1,621
31 years$28,059$19,865$13,776$9,389$6,311$1,380
32 years$26,887$18,796$12,853$8,629$5,709$1,175
33 years$25,788$17,800$12,001$7,935$5,167$1,001
34 years$24,756$16,871$11,213$7,301$4,678$853
35 years$23,785$16,002$10,483$6,721$4,237$726
36 years$22,871$15,188$9,807$6,190$3,839$619
37 years$22,007$14,425$9,179$5,703$3,479$527
38 years$21,191$13,709$8,596$5,257$3,154$449
39 years$20,419$13,036$8,053$4,847$2,860$383
40 years$19,687$12,402$7,548$4,471$2,594$326
41 years$18,993$11,806$7,078$4,125$2,354$278
42 years$18,333$11,244$6,639$3,807$2,136$237
43 years$17,706$10,713$6,230$3,514$1,938$202
44 years$17,109$10,212$5,848$3,245$1,759$172
45 years$16,540$9,738$5,491$2,996$1,597$147
46 years$15,998$9,289$5,157$2,768$1,450$125
47 years$15,480$8,865$4,845$2,557$1,317$107
48 years$14,985$8,463$4,553$2,363$1,196$91
49 years$14,512$8,081$4,280$2,184$1,086$78
50 years$14,059$7,720$4,024$2,018$987$66

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 $5,630 every year, while hoping to spend $47,638 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: 51/36/13 Blend
58$14,400,000$14,400,000$14,400,000$14,400,000
59$15,874,607$15,111,407$14,888,207$16,628,394
60$17,443,131$15,801,180$15,336,276$17,834,803
61$19,170,047$16,523,155$15,797,758$19,140,131
62$21,071,462$17,278,859$16,273,053$20,558,129
63$23,165,122$18,069,894$16,762,571$22,099,430
64$25,470,584$18,897,938$17,266,736$23,775,714
65$28,009,394$19,764,749$17,785,983$25,599,816
66$30,805,300$20,672,168$18,320,761$27,585,837
67$33,884,464$21,622,128$18,871,530$29,749,273
68$37,275,719$22,616,652$19,438,766$32,107,156
69$41,010,837$23,657,862$20,022,959$34,678,210
70$45,124,825$24,747,981$20,624,611$37,483,017
71$49,656,263$25,889,338$21,244,241$40,544,209
72$54,647,662$27,084,375$21,882,384$43,886,673
73$60,145,867$28,335,653$22,539,587$47,537,777
74$66,202,500$29,645,854$23,216,417$51,527,622
75$72,874,444$31,017,791$23,913,457$55,889,320
76$80,224,384$32,454,409$24,631,305$60,659,293
77$88,321,396$33,958,800$25,370,578$65,877,612
78$97,241,598$35,534,201$26,131,912$71,588,368
79$107,068,870$37,184,006$26,915,960$77,840,071
80$117,895,646$38,911,773$27,723,396$84,686,106
81$129,823,784$40,721,232$28,554,912$92,185,220
82$142,965,530$42,616,292$29,411,221$100,402,071
83$157,444,575$44,601,052$30,293,058$109,407,821
84$173,397,224$46,679,806$31,201,178$119,280,801
85$190,973,683$48,857,058$32,136,359$130,107,235
86$210,339,474$51,137,529$33,099,402$141,982,040
87$231,676,999$53,526,167$34,091,131$155,009,710
88$255,187,263$56,028,159$35,112,394$169,305,285
89$281,091,769$58,648,944$36,164,064$184,995,428
90$309,634,610$61,394,223$37,247,041$202,219,596
91$341,084,772$64,269,972$38,362,249$221,131,348
92$375,738,675$67,282,457$39,510,641$241,899,770
93$413,922,969$70,438,246$40,693,196$264,711,060
94$455,997,617$73,744,226$41,910,924$289,770,261
95$502,359,297$77,207,615$43,164,863$317,303,179
96$553,445,140$80,835,984$44,456,081$347,558,493
97$609,736,864$84,637,266$45,785,678$380,810,083
98$671,765,313$88,619,781$47,154,787$417,359,588
99$740,115,475$92,792,251$48,564,573$457,539,233
100$815,432,002$97,163,820$50,016,235$501,714,941