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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,142,359
2 years$609,123$597,778$586,784$576,124$565,784$520,200
3 years$402,048$390,655$379,688$369,128$358,957$315,011
4 years$298,531$287,173$276,316$265,936$256,011$214,037
5 years$236,437$225,147$214,432$204,264$194,615$154,722
6 years$195,055$183,849$173,293$163,352$153,993$116,207
7 years$165,507$154,396$144,007$134,301$125,237$89,546
8 years$143,357$132,346$122,130$112,661$103,896$70,266
9 years$126,138$115,231$105,190$95,963$87,496$55,877
10 years$112,371$101,571$91,707$82,721$74,551$44,884
11 years$101,114$90,422$80,738$71,992$64,116$36,335
12 years$91,740$81,158$71,653$63,146$55,562$29,594
13 years$83,815$73,343$64,017$55,749$48,451$24,219
14 years$77,027$66,667$57,519$49,488$42,472$19,897
15 years$71,150$60,902$51,932$44,134$37,395$16,398
16 years$66,013$55,876$47,084$39,517$33,050$13,548
17 years$61,484$51,460$42,845$35,506$29,305$11,217
18 years$57,464$47,551$39,112$31,998$26,056$9,302
19 years$53,870$44,070$35,805$28,913$23,225$7,725
20 years$50,640$40,952$32,860$26,186$20,745$6,423
21 years$47,722$38,145$30,225$23,766$18,564$5,345
22 years$45,072$35,607$27,857$21,609$16,640$4,452
23 years$42,657$33,303$25,721$19,679$14,937$3,710
24 years$40,446$31,202$23,787$17,949$13,426$3,094
25 years$38,415$29,282$22,032$16,392$12,081$2,581
26 years$36,543$27,520$20,434$14,988$10,882$2,154
27 years$34,813$25,900$18,974$13,719$9,811$1,798
28 years$33,209$24,405$17,639$12,569$8,853$1,501
29 years$31,718$23,023$16,415$11,526$7,994$1,254
30 years$30,330$21,743$15,290$10,578$7,223$1,047
31 years$29,034$20,555$14,254$9,715$6,530$875
32 years$27,821$19,449$13,299$8,929$5,907$731
33 years$26,684$18,418$12,418$8,211$5,346$611
34 years$25,616$17,456$11,602$7,554$4,840$511
35 years$24,611$16,557$10,847$6,954$4,384$427
36 years$23,665$15,715$10,147$6,405$3,972$357
37 years$22,771$14,926$9,498$5,901$3,600$298
38 years$21,927$14,185$8,894$5,439$3,264$249
39 years$21,128$13,488$8,333$5,015$2,960$208
40 years$20,371$12,833$7,811$4,626$2,685$174
41 years$19,652$12,216$7,324$4,268$2,435$146
42 years$18,970$11,634$6,870$3,939$2,210$122
43 years$18,321$11,085$6,447$3,636$2,006$102
44 years$17,703$10,566$6,051$3,357$1,821$85
45 years$17,115$10,076$5,682$3,100$1,653$71
46 years$16,553$9,612$5,337$2,864$1,501$60
47 years$16,018$9,173$5,014$2,646$1,363$50
48 years$15,506$8,757$4,711$2,445$1,237$42
49 years$15,016$8,362$4,428$2,260$1,124$35
50 years$14,548$7,988$4,163$2,089$1,021$29

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 $6,935 every year, while hoping to spend $34,153 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: 57/38/5 Blend
58$14,900,000$14,900,000$14,900,000$14,900,000
59$16,426,953$15,637,253$15,406,303$17,347,308
60$18,066,164$16,367,140$15,886,076$18,696,113
61$19,871,430$17,131,647$16,380,776$20,160,474
62$21,859,652$17,932,434$16,890,869$21,755,017
63$24,049,454$18,771,241$17,416,831$23,492,159
64$26,461,361$19,649,894$17,959,157$25,385,546
65$29,117,985$20,570,305$18,518,354$27,450,170
66$32,044,249$21,534,479$19,094,949$29,702,513
67$35,267,613$22,544,519$19,689,480$32,160,690
68$38,818,338$23,602,629$20,302,506$34,844,616
69$42,729,770$24,711,119$20,934,601$37,776,188
70$47,038,655$25,872,412$21,586,359$40,979,483
71$51,785,485$27,089,048$22,258,389$44,480,982
72$57,014,882$28,363,688$22,951,322$48,309,806
73$62,776,016$29,699,126$23,665,808$52,497,988
74$69,123,073$31,098,286$24,402,516$57,080,766
75$76,115,763$32,564,239$25,162,137$62,096,904
76$83,819,884$34,100,200$25,945,382$67,589,053
77$92,307,946$35,709,543$26,752,986$73,604,141
78$101,659,851$37,395,805$27,585,705$80,193,807
79$111,963,649$39,162,693$28,444,320$87,414,878
80$123,316,372$41,014,095$29,329,635$95,329,893
81$135,824,944$42,954,088$30,242,479$104,007,685
82$149,607,194$44,986,945$31,183,709$113,524,016
83$164,792,970$47,117,147$32,154,205$123,962,278
84$181,525,358$49,349,393$33,154,876$135,414,272
85$199,962,041$51,688,609$34,186,661$147,981,054
86$220,276,780$54,139,961$35,250,525$161,773,883
87$242,661,058$56,708,867$36,347,464$176,915,246
88$267,325,889$59,401,003$37,478,507$193,540,006
89$294,503,804$62,222,327$38,644,711$211,796,655
90$324,451,053$65,179,082$39,847,170$231,848,699
91$357,450,019$68,277,815$41,087,008$253,876,183
92$393,811,885$71,525,393$42,365,388$278,077,371
93$433,879,574$74,929,014$43,683,505$304,670,596
94$478,030,982$78,496,227$45,042,593$333,896,304
95$526,682,547$82,234,947$46,443,926$366,019,299
96$580,293,183$86,153,476$47,888,813$401,331,218
97$639,368,608$90,260,516$49,378,609$440,153,263
98$704,466,120$94,565,196$50,914,706$482,839,207
99$776,199,859$99,077,085$52,498,543$529,778,703
100$855,246,602$103,806,219$54,131,602$581,400,941