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%11.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,173,719
2 years$605,035$593,767$582,846$572,257$561,987$555,475
3 years$399,350$388,033$377,140$366,651$356,548$350,179
4 years$296,528$285,245$274,461$264,151$254,293$248,116
5 years$234,850$223,636$212,993$202,894$193,309$187,343
6 years$193,746$182,615$172,130$162,256$152,959$147,211
7 years$164,396$153,360$143,041$133,399$124,397$118,870
8 years$142,395$131,458$121,310$111,905$103,199$97,894
9 years$125,291$114,458$104,484$95,319$86,909$81,823
10 years$111,617$100,889$91,092$82,165$74,050$69,183
11 years$100,435$89,816$80,196$71,509$63,686$59,032
12 years$91,125$80,614$71,172$62,723$55,189$50,746
13 years$83,252$72,851$63,587$55,375$48,126$43,889
14 years$76,510$66,220$57,133$49,155$42,187$38,151
15 years$70,673$60,493$51,584$43,838$37,144$33,305
16 years$65,570$55,501$46,768$39,252$32,828$29,180
17 years$61,072$51,114$42,557$35,268$29,108$25,644
18 years$57,078$47,232$38,849$31,783$25,881$22,597
19 years$53,509$43,774$35,565$28,719$23,069$19,958
20 years$50,301$40,677$32,639$26,011$20,605$17,662
21 years$47,402$37,889$30,022$23,606$18,439$15,657
22 years$44,770$35,368$27,670$21,463$16,528$13,901
23 years$42,370$33,079$25,548$19,547$14,837$12,358
24 years$40,174$30,993$23,628$17,828$13,336$10,999
25 years$38,157$29,085$21,884$16,282$12,000$9,800
26 years$36,298$27,336$20,296$14,887$10,809$8,739
27 years$34,579$25,726$18,847$13,627$9,745$7,800
28 years$32,986$24,241$17,521$12,485$8,793$6,966
29 years$31,506$22,869$16,305$11,449$7,940$6,226
30 years$30,126$21,597$15,187$10,507$7,175$5,567
31 years$28,839$20,417$14,158$9,650$6,486$4,981
32 years$27,634$19,318$13,210$8,869$5,867$4,458
33 years$26,505$18,295$12,334$8,155$5,310$3,992
34 years$25,444$17,339$11,524$7,504$4,808$3,576
35 years$24,446$16,446$10,775$6,908$4,354$3,204
36 years$23,506$15,610$10,079$6,362$3,945$2,872
37 years$22,618$14,826$9,434$5,861$3,576$2,574
38 years$21,780$14,090$8,835$5,403$3,242$2,308
39 years$20,986$13,398$8,277$4,982$2,940$2,070
40 years$20,234$12,747$7,758$4,595$2,666$1,857
41 years$19,520$12,134$7,275$4,239$2,419$1,666
42 years$18,843$11,556$6,824$3,912$2,195$1,495
43 years$18,198$11,010$6,403$3,612$1,992$1,342
44 years$17,585$10,495$6,011$3,335$1,808$1,204
45 years$17,000$10,008$5,644$3,080$1,642$1,081
46 years$16,442$9,547$5,301$2,845$1,491$971
47 years$15,910$9,111$4,980$2,628$1,353$871
48 years$15,402$8,698$4,680$2,429$1,229$782
49 years$14,915$8,306$4,399$2,244$1,116$703
50 years$14,450$7,934$4,135$2,075$1,014$631

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 $2,355 every year, while hoping to spend $49,541 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: 42/47/11 Blend
58$14,800,000$14,800,000$14,800,000$14,800,000
59$16,312,029$15,527,629$15,298,229$16,944,457
60$17,923,145$16,235,772$15,758,009$18,095,386
61$19,696,934$16,976,953$16,231,530$19,335,739
62$21,649,937$17,752,739$16,719,202$20,677,713
63$23,800,380$18,564,773$17,221,444$22,130,601
64$26,168,345$19,414,773$17,738,690$23,704,596
65$28,775,963$20,304,544$18,271,383$25,410,879
66$31,647,619$21,235,975$18,819,982$27,261,723
67$34,810,185$22,211,045$19,384,959$29,270,592
68$38,293,269$23,231,832$19,966,801$31,452,271
69$42,129,499$24,300,509$20,566,006$33,822,990
70$46,354,830$25,419,356$21,183,089$36,400,573
71$51,008,881$26,590,762$21,818,580$39,204,596
72$56,135,309$27,817,232$22,473,025$42,256,561
73$61,782,224$29,101,389$23,146,985$45,580,094
74$68,002,639$30,445,986$23,841,037$49,201,154
75$74,854,973$31,853,905$24,555,777$53,148,268
76$82,403,602$33,328,167$25,291,817$57,452,792
77$90,719,464$34,871,941$26,049,787$62,149,192
78$99,880,730$36,488,548$26,830,336$67,275,360
79$109,973,543$38,181,466$27,634,131$72,872,958
80$121,092,831$39,954,343$28,461,861$78,987,800
81$133,343,198$41,811,005$29,314,232$85,670,266
82$146,839,918$43,755,458$30,191,972$92,975,769
83$161,710,019$45,791,904$31,095,832$100,965,260
84$178,093,481$47,924,748$32,026,583$109,705,785
85$196,144,562$50,158,606$32,985,019$119,271,109
86$216,033,247$52,498,318$33,971,957$129,742,387
87$237,946,859$54,948,956$34,988,239$141,208,916
88$262,091,823$57,515,840$36,034,729$153,768,959
89$288,695,618$60,204,544$37,112,321$167,530,653
90$318,008,917$63,020,913$38,221,930$182,613,004
91$350,307,963$65,971,074$39,364,501$199,146,999
92$385,897,169$69,061,451$40,541,006$217,276,808
93$425,111,995$72,298,776$41,752,444$237,161,130
94$468,322,112$75,690,110$42,999,844$258,974,662
95$515,934,895$79,242,853$44,284,267$282,909,723
96$568,399,265$82,964,764$45,606,801$309,178,040
97$626,209,930$86,863,977$46,968,569$338,012,723
98$689,912,052$90,949,021$48,370,725$369,670,430
99$760,106,395$95,228,837$49,814,458$404,433,763
100$837,454,995$99,712,798$51,300,990$442,613,900