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

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,146,084
2 years$592,771$581,731$571,031$560,658$550,595$540,351
3 years$391,255$380,167$369,495$359,219$349,320$339,315
4 years$290,517$279,463$268,898$258,797$249,138$239,449
5 years$230,090$219,103$208,676$198,781$189,391$180,047
6 years$189,818$178,914$168,641$158,967$149,859$140,871
7 years$161,064$150,252$140,141$130,695$121,875$113,248
8 years$139,508$128,793$118,851$109,637$101,107$92,840
9 years$122,752$112,138$102,366$93,386$85,147$77,238
10 years$109,354$98,844$89,245$80,500$72,549$64,994
11 years$98,400$87,995$78,570$70,059$62,395$55,186
12 years$89,277$78,980$69,729$61,451$54,070$47,202
13 years$81,565$71,374$62,298$54,252$47,150$40,615
14 years$74,959$64,877$55,975$48,159$41,332$35,121
15 years$69,240$59,267$50,538$42,949$36,392$30,496
16 years$64,240$54,376$45,820$38,457$32,163$26,574
17 years$59,834$50,078$41,695$34,553$28,518$23,225
18 years$55,921$46,275$38,062$31,139$25,357$20,350
19 years$52,424$42,887$34,844$28,137$22,601$17,871
20 years$49,281$39,852$31,978$25,483$20,188$15,723
21 years$46,441$37,121$29,413$23,128$18,066$13,856
22 years$43,862$34,651$27,109$21,028$16,193$12,229
23 years$41,511$32,408$25,030$19,151$14,536$10,806
24 years$39,360$30,365$23,149$17,467$13,065$9,559
25 years$37,383$28,496$21,441$15,952$11,757$8,464
26 years$35,562$26,781$19,885$14,585$10,590$7,501
27 years$33,878$25,204$18,465$13,350$9,548$6,653
28 years$32,317$23,750$17,166$12,232$8,615$5,904
29 years$30,867$22,405$15,974$11,217$7,779$5,243
30 years$29,516$21,160$14,879$10,294$7,029$4,658
31 years$28,254$20,003$13,871$9,454$6,355$4,140
32 years$27,074$18,927$12,942$8,689$5,749$3,681
33 years$25,967$17,924$12,084$7,990$5,202$3,275
34 years$24,928$16,988$11,291$7,352$4,710$2,914
35 years$23,951$16,113$10,556$6,768$4,266$2,593
36 years$23,029$15,293$9,875$6,233$3,865$2,309
37 years$22,160$14,525$9,243$5,743$3,503$2,056
38 years$21,338$13,804$8,656$5,293$3,176$1,831
39 years$20,561$13,126$8,109$4,881$2,880$1,631
40 years$19,824$12,489$7,601$4,502$2,612$1,453
41 years$19,125$11,888$7,127$4,153$2,370$1,295
42 years$18,461$11,322$6,686$3,833$2,151$1,154
43 years$17,829$10,787$6,273$3,538$1,952$1,028
44 years$17,228$10,282$5,889$3,267$1,772$917
45 years$16,655$9,805$5,529$3,017$1,608$817
46 years$16,109$9,354$5,193$2,787$1,460$728
47 years$15,588$8,926$4,879$2,575$1,326$649
48 years$15,089$8,521$4,585$2,379$1,204$579
49 years$14,613$8,138$4,310$2,199$1,094$516
50 years$14,157$7,773$4,052$2,032$993$460

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 $6,421 every year, while hoping to spend $40,623 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: 75/5/20 Blend
58$14,500,000$14,500,000$14,500,000$14,500,000
59$15,985,623$15,217,123$14,992,373$17,108,612
60$17,572,934$15,919,540$15,451,395$18,556,515
61$19,320,790$16,655,013$15,924,433$20,137,587
62$21,245,522$17,425,120$16,411,913$21,869,652
63$23,365,128$18,231,514$16,914,275$23,767,765
64$25,699,439$19,075,927$17,431,972$25,848,498
65$28,270,309$19,960,175$17,965,470$28,130,108
66$31,101,818$20,886,161$18,515,251$30,632,693
67$34,220,501$21,855,880$19,081,809$33,378,395
68$37,655,598$22,871,424$19,665,655$36,391,594
69$41,439,330$23,934,984$20,267,316$39,699,144
70$45,607,203$25,048,860$20,887,332$43,330,625
71$50,198,342$26,215,458$21,526,262$47,318,616
72$55,255,862$27,437,305$22,184,681$51,699,001
73$60,827,274$28,717,047$22,863,182$56,511,311
74$66,964,932$30,057,459$23,562,375$61,799,088
75$73,726,530$31,461,449$24,282,889$67,610,298
76$81,175,643$32,932,066$25,025,372$73,997,781
77$89,382,328$34,472,508$25,790,492$81,019,744
78$98,423,789$36,086,124$26,578,938$88,740,315
79$108,385,100$37,776,428$27,391,416$97,230,138
80$119,360,010$39,547,103$28,228,658$106,567,041
81$131,451,829$41,402,009$29,091,416$116,836,769
82$144,774,403$43,345,194$29,980,466$128,133,786
83$159,453,185$45,380,902$30,896,604$140,562,169
84$175,626,424$47,513,581$31,840,655$154,236,583
85$193,446,468$49,747,895$32,813,466$169,283,364
86$213,081,200$52,088,734$33,815,909$185,841,706
87$234,715,625$54,541,224$34,848,884$204,064,968
88$258,553,616$57,110,742$35,913,319$224,122,127
89$284,819,837$59,802,921$37,010,168$246,199,361
90$313,761,866$62,623,670$38,140,415$270,501,805
91$345,652,530$65,579,183$39,305,072$297,255,485
92$380,792,481$68,675,956$40,505,185$326,709,449
93$419,513,034$71,920,797$41,741,828$359,138,106
94$462,179,294$75,320,847$43,016,110$394,843,821
95$509,193,605$78,883,591$44,329,172$434,159,760
96$560,999,343$82,616,878$45,682,190$477,453,028
97$618,085,109$86,528,938$47,076,377$525,128,135
98$680,989,334$90,628,399$48,512,979$577,630,807
99$750,305,366$94,924,310$49,993,283$635,452,185
100$826,687,068$99,426,157$51,518,614$699,133,461