Can I retire at age 59 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,129,675
2 years$592,771$581,731$571,031$560,658$550,595$523,968
3 years$391,255$380,167$369,495$359,219$349,320$323,473
4 years$290,517$279,463$268,898$258,797$249,138$224,269
5 years$230,090$219,103$208,676$198,781$189,391$165,570
6 years$189,818$178,914$168,641$158,967$149,859$127,111
7 years$161,064$150,252$140,141$130,695$121,875$100,204
8 years$139,508$128,793$118,851$109,637$101,107$80,505
9 years$122,752$112,138$102,366$93,386$85,147$65,597
10 years$109,354$98,844$89,245$80,500$72,549$54,031
11 years$98,400$87,995$78,570$70,059$62,395$44,882
12 years$89,277$78,980$69,729$61,451$54,070$37,535
13 years$81,565$71,374$62,298$54,252$47,150$31,563
14 years$74,959$64,877$55,975$48,159$41,332$26,659
15 years$69,240$59,267$50,538$42,949$36,392$22,600
16 years$64,240$54,376$45,820$38,457$32,163$19,218
17 years$59,834$50,078$41,695$34,553$28,518$16,383
18 years$55,921$46,275$38,062$31,139$25,357$13,997
19 years$52,424$42,887$34,844$28,137$22,601$11,980
20 years$49,281$39,852$31,978$25,483$20,188$10,269
21 years$46,441$37,121$29,413$23,128$18,066$8,814
22 years$43,862$34,651$27,109$21,028$16,193$7,573
23 years$41,511$32,408$25,030$19,151$14,536$6,513
24 years$39,360$30,365$23,149$17,467$13,065$5,606
25 years$37,383$28,496$21,441$15,952$11,757$4,829
26 years$35,562$26,781$19,885$14,585$10,590$4,162
27 years$33,878$25,204$18,465$13,350$9,548$3,589
28 years$32,317$23,750$17,166$12,232$8,615$3,096
29 years$30,867$22,405$15,974$11,217$7,779$2,672
30 years$29,516$21,160$14,879$10,294$7,029$2,307
31 years$28,254$20,003$13,871$9,454$6,355$1,992
32 years$27,074$18,927$12,942$8,689$5,749$1,720
33 years$25,967$17,924$12,084$7,990$5,202$1,486
34 years$24,928$16,988$11,291$7,352$4,710$1,284
35 years$23,951$16,113$10,556$6,768$4,266$1,110
36 years$23,029$15,293$9,875$6,233$3,865$959
37 years$22,160$14,525$9,243$5,743$3,503$829
38 years$21,338$13,804$8,656$5,293$3,176$717
39 years$20,561$13,126$8,109$4,881$2,880$620
40 years$19,824$12,489$7,601$4,502$2,612$536
41 years$19,125$11,888$7,127$4,153$2,370$463
42 years$18,461$11,322$6,686$3,833$2,151$401
43 years$17,829$10,787$6,273$3,538$1,952$347
44 years$17,228$10,282$5,889$3,267$1,772$300
45 years$16,655$9,805$5,529$3,017$1,608$259
46 years$16,109$9,354$5,193$2,787$1,460$224
47 years$15,588$8,926$4,879$2,575$1,326$194
48 years$15,089$8,521$4,585$2,379$1,204$168
49 years$14,613$8,138$4,310$2,199$1,094$145
50 years$14,157$7,773$4,052$2,032$993$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,500,000, adding $4,468 every year, while hoping to spend $52,892 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: 46/27/27 Blend
58$14,500,000$14,500,000$14,500,000$14,500,000
59$15,983,609$15,215,109$14,990,359$16,594,452
60$17,557,660$15,904,372$15,436,259$17,716,229
61$19,290,492$16,625,637$15,895,324$18,927,143
62$21,198,244$17,380,416$16,367,940$20,240,004
63$23,298,701$18,170,292$16,854,502$21,664,388
64$25,611,459$18,996,926$17,355,418$23,210,811
65$28,158,111$19,862,059$17,871,108$24,890,831
66$30,962,452$20,767,514$18,402,003$26,717,147
67$34,050,700$21,715,200$18,948,549$28,703,713
68$37,451,747$22,707,120$19,511,200$30,865,871
69$41,197,429$23,745,373$20,090,429$33,220,484
70$45,322,827$24,832,156$20,686,719$35,786,095
71$49,866,598$25,969,775$21,300,567$38,583,089
72$54,871,341$27,160,643$21,932,485$41,633,889
73$60,383,995$28,407,292$22,583,001$44,963,153
74$66,456,287$29,712,374$23,252,656$48,598,005
75$73,145,216$31,078,668$23,942,008$52,568,282
76$80,513,593$32,509,088$24,651,630$56,906,810
77$88,630,633$34,006,686$25,382,113$61,649,704
78$97,572,608$35,574,664$26,134,064$66,836,703
79$107,423,565$37,216,374$26,908,107$72,511,540
80$118,276,125$38,935,333$27,704,885$78,722,338
81$130,232,350$40,735,224$28,525,058$85,522,064
82$143,404,710$42,619,910$29,369,308$92,969,015
83$157,917,143$44,593,439$30,238,332$101,127,360
84$173,906,227$46,660,052$31,132,851$110,067,735
85$191,522,465$48,824,198$32,053,605$119,867,899
86$210,931,711$51,090,538$33,001,355$130,613,461
87$232,316,729$53,463,958$33,976,884$142,398,669
88$255,878,923$55,949,580$34,980,998$155,327,296
89$281,840,237$58,552,773$36,014,525$169,513,600
90$310,445,247$61,279,165$37,078,318$185,083,396
91$341,963,474$64,134,656$38,173,253$202,175,223
92$376,691,923$67,125,429$39,300,232$220,941,643
93$414,957,892$70,257,967$40,460,182$241,550,666
94$457,122,056$73,539,066$41,654,057$264,187,316
95$503,581,876$76,975,851$42,882,838$289,055,366
96$554,775,349$80,575,790$44,147,535$316,379,243
97$611,185,142$84,346,711$45,449,185$346,406,127
98$673,343,150$88,296,823$46,788,856$379,408,269
99$741,835,513$92,434,729$48,167,645$415,685,540
100$817,308,156$96,769,451$49,586,681$455,568,241