Can I retire at age 59 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,153,729
2 years$600,947$589,755$578,908$568,391$558,190$539,630
3 years$396,652$385,411$374,592$364,174$354,139$336,066
4 years$294,524$283,318$272,607$262,367$252,575$235,128
5 years$233,263$222,125$211,554$201,523$192,003$175,234
6 years$192,436$181,382$170,967$161,159$151,926$135,852
7 years$163,286$152,324$142,074$132,498$123,556$108,184
8 years$141,433$130,570$120,490$111,149$102,502$87,828
9 years$124,445$113,684$103,778$94,674$86,321$72,339
10 years$110,862$100,207$90,476$81,610$73,550$60,247
11 years$99,757$89,209$79,654$71,025$63,256$50,618
12 years$90,509$80,069$70,691$62,299$54,816$42,829
13 years$82,690$72,359$63,158$55,001$47,801$36,446
14 years$75,993$65,772$56,747$48,823$41,902$31,162
15 years$70,195$60,084$51,235$43,542$36,894$26,748
16 years$65,127$55,126$46,452$38,987$32,607$23,035
17 years$60,659$50,769$42,270$35,029$28,911$19,893
18 years$56,692$46,913$38,587$31,569$25,707$17,220
19 years$53,147$43,478$35,324$28,525$22,913$14,936
20 years$49,961$40,402$32,419$25,835$20,466$12,977
21 years$47,081$37,633$29,819$23,447$18,315$11,292
22 years$44,467$35,129$27,483$21,318$16,417$9,838
23 years$42,084$32,856$25,376$19,415$14,737$8,580
24 years$39,903$30,784$23,468$17,708$13,246$7,491
25 years$37,899$28,889$21,736$16,172$11,919$6,545
26 years$36,052$27,151$20,159$14,787$10,736$5,723
27 years$34,345$25,552$18,720$13,535$9,680$5,007
28 years$32,763$24,078$17,402$12,401$8,734$4,383
29 years$31,293$22,714$16,194$11,372$7,887$3,839
30 years$29,923$21,451$15,084$10,436$7,126$3,364
31 years$28,644$20,279$14,063$9,585$6,443$2,948
32 years$27,447$19,188$13,121$8,809$5,828$2,585
33 years$26,326$18,171$12,251$8,100$5,274$2,267
34 years$25,272$17,222$11,447$7,453$4,775$1,989
35 years$24,281$16,335$10,702$6,861$4,325$1,745
36 years$23,347$15,504$10,011$6,319$3,919$1,531
37 years$22,466$14,725$9,370$5,822$3,552$1,344
38 years$21,633$13,994$8,775$5,366$3,220$1,180
39 years$20,844$13,307$8,221$4,948$2,920$1,036
40 years$20,097$12,661$7,706$4,564$2,648$909
41 years$19,388$12,052$7,225$4,211$2,403$799
42 years$18,715$11,478$6,778$3,886$2,180$701
43 years$18,075$10,936$6,360$3,587$1,979$616
44 years$17,466$10,424$5,970$3,312$1,796$541
45 years$16,885$9,941$5,606$3,059$1,631$475
46 years$16,331$9,483$5,265$2,825$1,480$417
47 years$15,803$9,050$4,946$2,610$1,344$367
48 years$15,298$8,639$4,648$2,412$1,221$322
49 years$14,815$8,250$4,369$2,229$1,109$283
50 years$14,352$7,881$4,107$2,060$1,007$249

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,700,000, adding $2,636 every year, while hoping to spend $24,332 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: 63/30/7 Blend
58$14,700,000$14,700,000$14,700,000$14,700,000
59$16,202,119$15,423,019$15,195,169$17,201,181
60$17,828,846$16,152,858$15,678,318$18,597,512
61$19,620,684$16,917,643$16,176,837$20,118,323
62$21,594,448$17,719,062$16,691,216$21,778,116
63$23,768,668$18,558,883$17,221,958$23,590,349
64$26,163,764$19,438,960$17,769,585$25,569,819
65$28,802,236$20,361,237$18,334,634$27,732,799
66$31,708,880$21,327,753$18,917,661$30,097,185
67$34,911,020$22,340,647$19,519,236$32,682,660
68$38,438,764$23,402,159$20,139,951$35,510,878
69$42,325,293$24,514,640$20,780,414$38,605,657
70$46,607,170$25,680,555$21,441,256$41,993,203
71$51,324,687$26,902,487$22,123,123$45,702,348
72$56,522,243$28,183,147$22,826,686$49,764,820
73$62,248,767$29,525,377$23,552,635$54,215,530
74$68,558,176$30,932,155$24,301,682$59,092,903
75$75,509,885$32,406,606$25,074,564$64,439,223
76$83,169,370$33,952,006$25,872,039$70,301,034
77$91,608,784$35,571,792$26,694,890$76,729,565
78$100,907,635$37,269,566$27,543,925$83,781,211
79$111,153,545$39,049,105$28,419,977$91,518,051
80$122,443,067$40,914,372$29,323,906$100,008,429
81$134,882,604$42,869,520$30,256,602$109,327,586
82$148,589,410$44,918,907$31,218,978$119,558,365
83$163,692,696$47,067,100$32,211,980$130,791,979
84$180,334,854$49,318,890$33,236,584$143,128,862
85$198,672,794$51,679,301$34,293,795$156,679,605
86$218,879,434$54,153,602$35,384,652$171,565,992
87$241,145,325$56,747,317$36,510,226$187,922,129
88$265,680,452$59,466,240$37,671,623$205,895,706
89$292,716,219$62,316,447$38,869,983$225,649,371
90$322,507,630$65,304,309$40,106,484$247,362,254
91$355,335,697$68,436,508$41,382,340$271,231,641
92$391,510,093$71,720,053$42,698,804$297,474,822
93$431,372,078$75,162,291$44,057,169$326,331,126
94$475,297,717$78,770,929$45,458,770$358,064,161
95$523,701,429$82,554,050$46,904,984$392,964,287
96$577,039,905$86,520,129$48,397,232$431,351,336
97$635,816,415$90,678,055$49,936,979$473,577,610
98$700,585,560$95,037,151$51,525,739$520,031,192
99$771,958,508$99,607,192$53,165,072$571,139,580
100$850,608,763$104,398,431$54,856,589$627,373,704