Can I retire at age 59 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,147,919
2 years$605,035$593,767$582,846$572,257$561,987$529,727
3 years$399,350$388,033$377,140$366,651$356,548$325,292
4 years$296,528$285,245$274,461$264,151$254,293$224,281
5 years$234,850$223,636$212,993$202,894$193,309$164,624
6 years$193,746$182,615$172,130$162,256$152,959$125,628
7 years$164,396$153,360$143,041$133,399$124,397$98,421
8 years$142,395$131,458$121,310$111,905$103,199$78,564
9 years$125,291$114,458$104,484$95,319$86,909$63,592
10 years$111,617$100,889$91,092$82,165$74,050$52,023
11 years$100,435$89,816$80,196$71,509$63,686$42,912
12 years$91,125$80,614$71,172$62,723$55,189$35,630
13 years$83,252$72,851$63,587$55,375$48,126$29,740
14 years$76,510$66,220$57,133$49,155$42,187$24,931
15 years$70,673$60,493$51,584$43,838$37,144$20,973
16 years$65,570$55,501$46,768$39,252$32,828$17,694
17 years$61,072$51,114$42,557$35,268$29,108$14,965
18 years$57,078$47,232$38,849$31,783$25,881$12,682
19 years$53,509$43,774$35,565$28,719$23,069$10,765
20 years$50,301$40,677$32,639$26,011$20,605$9,151
21 years$47,402$37,889$30,022$23,606$18,439$7,788
22 years$44,770$35,368$27,670$21,463$16,528$6,635
23 years$42,370$33,079$25,548$19,547$14,837$5,658
24 years$40,174$30,993$23,628$17,828$13,336$4,828
25 years$38,157$29,085$21,884$16,282$12,000$4,122
26 years$36,298$27,336$20,296$14,887$10,809$3,521
27 years$34,579$25,726$18,847$13,627$9,745$3,009
28 years$32,986$24,241$17,521$12,485$8,793$2,573
29 years$31,506$22,869$16,305$11,449$7,940$2,201
30 years$30,126$21,597$15,187$10,507$7,175$1,883
31 years$28,839$20,417$14,158$9,650$6,486$1,611
32 years$27,634$19,318$13,210$8,869$5,867$1,379
33 years$26,505$18,295$12,334$8,155$5,310$1,180
34 years$25,444$17,339$11,524$7,504$4,808$1,010
35 years$24,446$16,446$10,775$6,908$4,354$865
36 years$23,506$15,610$10,079$6,362$3,945$741
37 years$22,618$14,826$9,434$5,861$3,576$635
38 years$21,780$14,090$8,835$5,403$3,242$543
39 years$20,986$13,398$8,277$4,982$2,940$465
40 years$20,234$12,747$7,758$4,595$2,666$399
41 years$19,520$12,134$7,275$4,239$2,419$342
42 years$18,843$11,556$6,824$3,912$2,195$293
43 years$18,198$11,010$6,403$3,612$1,992$251
44 years$17,585$10,495$6,011$3,335$1,808$215
45 years$17,000$10,008$5,644$3,080$1,642$184
46 years$16,442$9,547$5,301$2,845$1,491$158
47 years$15,910$9,111$4,980$2,628$1,353$135
48 years$15,402$8,698$4,680$2,429$1,229$116
49 years$14,915$8,306$4,399$2,244$1,116$99
50 years$14,450$7,934$4,135$2,075$1,014$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,800,000, adding $2,651 every year, while hoping to spend $27,478 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: 65/10/25 Blend
58$14,800,000$14,800,000$14,800,000$14,800,000
59$16,312,335$15,527,935$15,298,535$17,265,947
60$17,946,956$16,259,567$15,781,799$18,640,982
61$19,747,388$17,026,128$16,280,332$20,139,926
62$21,730,515$17,829,301$16,794,616$21,777,646
63$23,914,940$18,670,850$17,325,148$23,567,782
64$26,321,166$19,552,624$17,872,443$25,525,348
65$28,971,785$20,476,562$18,437,029$27,666,865
66$31,891,691$21,444,697$19,019,454$30,010,520
67$35,108,318$22,459,162$19,620,280$32,576,335
68$38,651,897$23,522,192$20,240,090$35,386,347
69$42,555,741$24,636,130$20,879,483$38,464,819
70$46,856,559$25,803,433$21,539,079$41,838,465
71$51,594,805$27,026,678$22,219,515$45,536,697
72$56,815,057$28,308,567$22,921,450$49,591,899
73$62,566,438$29,651,932$23,645,564$54,039,732
74$68,903,082$31,059,744$24,392,558$58,919,463
75$75,884,641$32,535,116$25,163,154$64,274,337
76$83,576,854$34,081,316$25,958,099$70,151,976
77$92,052,159$35,701,767$26,778,161$76,604,826
78$101,390,386$37,400,060$27,624,136$83,690,651
79$111,679,501$39,179,959$28,496,841$91,473,070
80$123,016,447$41,045,413$29,397,121$100,022,152
81$135,508,049$43,000,563$30,325,849$109,415,078
82$149,272,027$45,049,748$31,283,922$119,736,858
83$164,438,109$47,197,521$32,272,269$131,081,133
84$181,149,252$49,448,656$33,291,846$143,551,052
85$199,562,994$51,808,157$34,343,641$157,260,238
86$219,852,937$54,281,275$35,428,670$172,333,858
87$242,210,391$56,873,512$36,547,986$188,909,796
88$266,846,179$59,590,642$37,702,671$207,139,948
89$293,992,622$62,438,716$38,893,843$227,191,652
90$323,905,738$65,424,082$40,122,656$249,249,256
91$356,867,657$68,553,395$41,390,298$273,515,857
92$393,189,283$71,833,637$42,697,998$300,215,204
93$433,213,230$75,272,126$44,047,022$329,593,806
94$477,317,058$78,876,537$45,438,675$361,923,253
95$525,916,832$82,654,922$46,874,305$397,502,765
96$579,471,056$86,615,720$48,355,301$436,662,013
97$638,484,998$90,767,785$49,883,098$479,764,220
98$703,515,461$95,120,400$51,459,175$527,209,579
99$775,176,039$99,683,300$53,085,058$579,439,025
100$854,142,908$104,466,695$54,762,321$636,938,380