Can I retire at age 59 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,181,154
2 years$609,123$597,778$586,784$576,124$565,784$558,729
3 years$402,048$390,655$379,688$369,128$358,957$352,058
4 years$298,531$287,173$276,316$265,936$256,011$249,322
5 years$236,437$225,147$214,432$204,264$194,615$188,156
6 years$195,055$183,849$173,293$163,352$153,993$147,770
7 years$165,507$154,396$144,007$134,301$125,237$119,256
8 years$143,357$132,346$122,130$112,661$103,896$98,155
9 years$126,138$115,231$105,190$95,963$87,496$81,994
10 years$112,371$101,571$91,707$82,721$74,551$69,286
11 years$101,114$90,422$80,738$71,992$64,116$59,084
12 years$91,740$81,158$71,653$63,146$55,562$50,759
13 years$83,815$73,343$64,017$55,749$48,451$43,872
14 years$77,027$66,667$57,519$49,488$42,472$38,112
15 years$71,150$60,902$51,932$44,134$37,395$33,249
16 years$66,013$55,876$47,084$39,517$33,050$29,111
17 years$61,484$51,460$42,845$35,506$29,305$25,566
18 years$57,464$47,551$39,112$31,998$26,056$22,512
19 years$53,870$44,070$35,805$28,913$23,225$19,869
20 years$50,640$40,952$32,860$26,186$20,745$17,570
21 years$47,722$38,145$30,225$23,766$18,564$15,564
22 years$45,072$35,607$27,857$21,609$16,640$13,808
23 years$42,657$33,303$25,721$19,679$14,937$12,266
24 years$40,446$31,202$23,787$17,949$13,426$10,909
25 years$38,415$29,282$22,032$16,392$12,081$9,712
26 years$36,543$27,520$20,434$14,988$10,882$8,655
27 years$34,813$25,900$18,974$13,719$9,811$7,718
28 years$33,209$24,405$17,639$12,569$8,853$6,888
29 years$31,718$23,023$16,415$11,526$7,994$6,151
30 years$30,330$21,743$15,290$10,578$7,223$5,496
31 years$29,034$20,555$14,254$9,715$6,530$4,913
32 years$27,821$19,449$13,299$8,929$5,907$4,394
33 years$26,684$18,418$12,418$8,211$5,346$3,931
34 years$25,616$17,456$11,602$7,554$4,840$3,518
35 years$24,611$16,557$10,847$6,954$4,384$3,150
36 years$23,665$15,715$10,147$6,405$3,972$2,821
37 years$22,771$14,926$9,498$5,901$3,600$2,527
38 years$21,927$14,185$8,894$5,439$3,264$2,264
39 years$21,128$13,488$8,333$5,015$2,960$2,029
40 years$20,371$12,833$7,811$4,626$2,685$1,818
41 years$19,652$12,216$7,324$4,268$2,435$1,630
42 years$18,970$11,634$6,870$3,939$2,210$1,461
43 years$18,321$11,085$6,447$3,636$2,006$1,310
44 years$17,703$10,566$6,051$3,357$1,821$1,175
45 years$17,115$10,076$5,682$3,100$1,653$1,054
46 years$16,553$9,612$5,337$2,864$1,501$945
47 years$16,018$9,173$5,014$2,646$1,363$848
48 years$15,506$8,757$4,711$2,445$1,237$761
49 years$15,016$8,362$4,428$2,260$1,124$682
50 years$14,548$7,988$4,163$2,089$1,021$612

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,900,000, adding $6,599 every year, while hoping to spend $23,720 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: 52/30/18 Blend
58$14,900,000$14,900,000$14,900,000$14,900,000
59$16,426,607$15,636,907$15,405,957$17,199,505
60$18,076,883$16,377,877$15,896,819$18,472,042
61$19,894,692$17,154,361$16,403,329$19,852,363
62$21,897,098$17,968,071$16,925,988$21,353,187
63$24,102,903$18,820,808$17,465,309$22,985,951
64$26,532,828$19,714,456$18,021,826$24,763,219
65$29,209,705$20,650,993$18,596,086$26,698,801
66$32,158,695$21,632,492$19,188,655$28,807,872
67$35,407,525$22,661,127$19,800,118$31,107,114
68$38,986,747$23,739,177$20,431,077$33,614,864
69$42,930,032$24,869,033$21,082,154$36,351,284
70$47,274,480$26,053,201$21,753,991$39,338,544
71$52,060,978$27,294,309$22,447,251$42,601,023
72$57,334,581$28,595,113$23,162,617$46,165,533
73$63,144,937$29,958,503$23,900,794$50,061,567
74$69,546,761$31,387,509$24,662,510$54,321,566
75$76,600,343$32,885,310$25,448,517$58,981,220
76$84,372,124$34,455,237$26,259,589$64,079,794
77$92,935,322$36,100,784$27,096,526$69,660,494
78$102,370,618$37,825,616$27,960,153$75,770,862
79$112,766,926$39,633,576$28,851,323$82,463,213
80$124,222,224$41,528,692$29,770,914$89,795,128
81$136,844,484$43,515,191$30,719,832$97,829,975
82$150,752,689$45,597,504$31,699,015$106,637,507
83$166,077,959$47,780,277$32,709,427$116,294,501
84$182,964,784$50,068,384$33,752,066$126,885,476
85$201,572,391$52,466,934$34,827,960$138,503,475
86$222,076,249$54,981,288$35,938,170$151,250,932
87$244,669,719$57,617,063$37,083,792$165,240,625
88$269,565,886$60,380,156$38,265,955$180,596,723
89$296,999,568$63,276,745$39,485,826$197,455,949
90$327,229,531$66,313,313$40,744,608$215,968,850
91$360,540,935$69,496,657$42,043,544$236,301,205
92$397,248,023$72,833,905$43,383,915$258,635,570
93$437,697,089$76,332,534$44,767,044$283,172,982
94$482,269,747$80,000,383$46,194,295$310,134,845
95$531,386,534$83,845,675$47,667,077$339,764,993
96$585,510,880$87,877,033$49,186,844$372,331,972
97$645,153,481$92,103,499$50,755,094$408,131,558
98$710,877,123$96,534,557$52,373,377$447,489,521
99$783,301,993$101,180,153$54,043,288$490,764,682
100$863,111,535$106,050,719$55,766,477$538,352,270