Can I retire at age 59 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,121,134
2 years$596,859$585,743$574,970$564,524$554,393$511,466
3 years$393,953$382,789$372,043$361,696$351,729$310,317
4 years$292,520$281,391$270,752$260,582$250,856$211,274
5 years$231,677$220,614$210,115$200,152$190,697$153,048
6 years$191,127$180,148$169,804$160,063$150,892$115,202
7 years$162,175$151,288$141,108$131,597$122,716$88,976
8 years$140,471$129,682$119,671$110,393$101,804$69,985
9 years$123,598$112,911$103,072$94,030$85,734$55,790
10 years$110,108$99,526$89,861$81,055$73,050$44,928
11 years$99,078$88,602$79,112$70,542$62,825$36,466
12 years$89,893$79,524$70,210$61,875$54,443$29,779
13 years$82,127$71,867$62,728$54,626$47,475$24,438
14 years$75,476$65,325$56,361$48,491$41,617$20,134
15 years$69,718$59,675$50,887$43,246$36,643$16,640
16 years$64,684$54,751$46,136$38,722$32,385$13,788
17 years$60,246$50,424$41,982$34,791$28,715$11,449
18 years$56,307$46,594$38,324$31,354$25,532$9,523
19 years$52,786$43,183$35,084$28,331$22,757$7,933
20 years$49,621$40,127$32,198$25,659$20,327$6,616
21 years$46,761$37,377$29,616$23,287$18,190$5,523
22 years$44,165$34,890$27,296$21,173$16,305$4,614
23 years$41,798$32,632$25,203$19,283$14,636$3,858
24 years$39,631$30,574$23,309$17,587$13,155$3,227
25 years$37,641$28,692$21,588$16,062$11,838$2,701
26 years$35,807$26,966$20,022$14,686$10,663$2,261
27 years$34,112$25,378$18,592$13,442$9,614$1,894
28 years$32,540$23,914$17,284$12,316$8,675$1,586
29 years$31,080$22,560$16,084$11,294$7,833$1,329
30 years$29,719$21,305$14,982$10,365$7,078$1,114
31 years$28,449$20,141$13,967$9,520$6,399$934
32 years$27,261$19,057$13,032$8,749$5,788$783
33 years$26,146$18,047$12,168$8,045$5,238$656
34 years$25,100$17,105$11,369$7,402$4,743$550
35 years$24,116$16,224$10,629$6,814$4,296$462
36 years$23,188$15,399$9,943$6,276$3,892$387
37 years$22,313$14,625$9,307$5,782$3,528$325
38 years$21,485$13,899$8,715$5,330$3,198$272
39 years$20,702$13,217$8,165$4,914$2,900$228
40 years$19,961$12,575$7,653$4,533$2,630$192
41 years$19,257$11,970$7,176$4,182$2,386$161
42 years$18,588$11,400$6,732$3,859$2,165$135
43 years$17,952$10,862$6,317$3,563$1,965$113
44 years$17,347$10,353$5,929$3,290$1,784$95
45 years$16,770$9,873$5,567$3,038$1,619$80
46 years$16,220$9,418$5,229$2,806$1,470$67
47 years$15,695$8,988$4,913$2,593$1,335$56
48 years$15,193$8,580$4,617$2,396$1,213$47
49 years$14,714$8,194$4,339$2,214$1,101$39
50 years$14,255$7,827$4,080$2,046$1,000$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,600,000, adding $4,136 every year, while hoping to spend $45,058 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: 58/33/9 Blend
58$14,600,000$14,600,000$14,600,000$14,600,000
59$16,093,466$15,319,666$15,093,366$16,993,084
60$17,687,058$16,022,389$15,551,053$18,301,568
61$19,441,687$16,758,034$16,022,561$19,721,690
62$21,373,730$17,528,169$16,508,308$21,268,476
63$23,501,234$18,334,433$17,008,720$22,954,068
64$25,844,087$19,178,547$17,524,239$24,791,813
65$28,424,200$20,062,312$18,055,318$26,796,384
66$31,265,722$20,987,619$18,602,425$28,983,912
67$34,395,260$21,956,447$19,166,040$31,372,134
68$37,842,135$22,970,871$19,746,661$33,980,555
69$41,638,656$24,033,066$20,344,797$36,830,626
70$45,820,425$25,145,313$20,960,974$39,945,942
71$50,426,675$26,310,000$21,595,733$43,352,457
72$55,500,639$27,529,633$22,249,633$47,078,721
73$61,089,956$28,806,837$22,923,248$51,156,146
74$67,247,124$30,144,364$23,617,169$55,619,295
75$74,029,991$31,545,099$24,332,004$60,506,198
76$81,502,306$33,012,064$25,068,382$65,858,705
77$89,734,317$34,548,431$25,826,949$71,722,873
78$98,803,434$36,157,521$26,608,368$78,149,393
79$108,794,962$37,842,817$27,413,326$85,194,057
80$119,802,903$39,607,970$28,242,528$92,918,278
81$131,930,847$41,456,808$29,096,700$101,389,657
82$145,292,944$43,393,343$29,976,591$110,682,615
83$160,014,987$45,421,780$30,882,970$120,879,081
84$176,235,597$47,546,528$31,816,630$132,069,256
85$194,107,530$49,772,210$32,778,390$144,352,453
86$213,799,122$52,103,672$33,769,089$157,838,019
87$235,495,873$54,545,993$34,789,594$172,646,360
88$259,402,204$57,104,498$35,840,798$188,910,059
89$285,743,382$59,784,772$36,923,617$206,775,117
90$314,767,648$62,592,666$38,038,999$226,402,314
91$346,748,559$65,534,319$39,187,918$247,968,712
92$381,987,575$68,616,163$40,371,375$271,669,312
93$420,816,895$71,844,943$41,590,404$297,718,874
94$463,602,604$75,227,730$42,846,068$326,353,932
95$510,748,120$78,771,940$44,139,462$357,835,004
96$562,698,008$82,485,344$45,471,713$392,449,033
97$619,942,171$86,376,093$46,843,983$430,512,076
98$683,020,482$90,452,731$48,257,465$472,372,267
99$752,527,874$94,724,216$49,713,393$518,413,079
100$829,119,957$99,199,943$51,213,031$569,056,922