Can I retire at age 59 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,198,517
2 years$617,299$605,802$594,660$583,857$573,379$567,749
3 years$407,445$395,899$384,785$374,083$363,775$358,267
4 years$302,538$291,027$280,025$269,506$259,447$254,103
5 years$239,611$228,169$217,311$207,006$197,228$192,064
6 years$197,673$186,317$175,619$165,545$156,060$151,083
7 years$167,729$156,469$145,940$136,103$126,918$122,131
8 years$145,281$134,123$123,769$114,174$105,291$100,693
9 years$127,831$116,778$106,602$97,251$88,670$84,261
10 years$113,879$102,934$92,938$83,831$75,551$71,329
11 years$102,471$91,636$81,821$72,958$64,977$60,938
12 years$92,972$82,248$72,614$63,994$56,307$52,449
13 years$84,940$74,328$64,876$56,497$49,101$45,420
14 years$78,061$67,562$58,292$50,152$43,042$39,534
15 years$72,105$61,719$52,629$44,727$37,897$34,558
16 years$66,899$56,626$47,716$40,048$33,494$30,318
17 years$62,310$52,150$43,420$35,983$29,698$26,682
18 years$58,235$48,189$39,637$32,428$26,406$23,544
19 years$54,593$44,661$36,286$29,301$23,536$20,824
20 years$51,320$41,502$33,301$26,538$21,023$18,455
21 years$48,362$38,657$30,631$24,085$18,813$16,384
22 years$45,677$36,085$28,231$21,899$16,863$14,568
23 years$43,229$33,750$26,066$19,943$15,138$12,970
24 years$40,988$31,621$24,107$18,190$13,606$11,562
25 years$38,930$29,675$22,328$16,612$12,243$10,317
26 years$37,033$27,890$20,708$15,189$11,028$9,215
27 years$35,280$26,247$19,229$13,903$9,943$8,237
28 years$33,655$24,733$17,876$12,738$8,972$7,369
29 years$32,144$23,333$16,635$11,681$8,101$6,596
30 years$30,737$22,035$15,495$10,720$7,320$5,908
31 years$29,423$20,830$14,445$9,846$6,618$5,294
32 years$28,194$19,710$13,478$9,048$5,986$4,746
33 years$27,042$18,666$12,584$8,321$5,418$4,257
34 years$25,960$17,691$11,758$7,656$4,905$3,819
35 years$24,942$16,779$10,993$7,048$4,443$3,428
36 years$23,982$15,926$10,284$6,491$4,025$3,077
37 years$23,077$15,126$9,625$5,980$3,648$2,764
38 years$22,221$14,375$9,014$5,512$3,308$2,482
39 years$21,411$13,669$8,445$5,083$2,999$2,230
40 years$20,644$13,005$7,915$4,688$2,721$2,004
41 years$19,916$12,380$7,422$4,325$2,468$1,801
42 years$19,225$11,790$6,962$3,992$2,240$1,619
43 years$18,567$11,234$6,533$3,685$2,033$1,455
44 years$17,941$10,708$6,132$3,402$1,845$1,309
45 years$17,345$10,211$5,758$3,142$1,675$1,177
46 years$16,776$9,741$5,408$2,902$1,521$1,058
47 years$16,233$9,296$5,081$2,681$1,381$952
48 years$15,714$8,874$4,775$2,478$1,254$856
49 years$15,218$8,474$4,488$2,290$1,139$770
50 years$14,743$8,095$4,219$2,117$1,035$693

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,100,000, adding $5,267 every year, while hoping to spend $46,005 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: 70/18/12 Blend
58$15,100,000$15,100,000$15,100,000$15,100,000
59$16,645,633$15,845,333$15,611,283$17,768,011
60$18,294,539$16,572,805$16,085,312$19,240,708
61$20,110,091$17,334,382$16,573,679$20,845,723
62$22,109,238$18,131,685$17,076,816$22,600,945
63$24,310,659$18,966,416$17,595,167$24,521,159
64$26,734,932$19,840,356$18,129,191$26,622,633
65$29,404,735$20,755,374$18,679,360$28,923,272
66$32,345,058$21,713,427$19,246,158$31,442,783
67$35,583,437$22,716,568$19,830,087$34,202,856
68$39,150,214$23,766,946$20,431,662$37,227,369
69$43,078,827$24,866,817$21,051,413$40,542,607
70$47,406,119$26,018,544$21,689,888$44,177,505
71$52,172,693$27,224,602$22,347,649$48,163,920
72$57,423,289$28,487,589$23,025,276$52,536,929
73$63,207,209$29,810,225$23,723,367$57,335,150
74$69,578,780$31,195,362$24,442,536$62,601,108
75$76,597,872$32,645,991$25,183,417$68,381,628
76$84,330,456$34,165,245$25,946,662$74,728,273
77$92,849,231$35,756,411$26,732,944$81,697,828
78$102,234,308$37,422,931$27,542,953$89,352,826
79$112,573,969$39,168,416$28,377,404$97,762,139
80$123,965,496$40,996,650$29,237,029$107,001,614
81$136,516,091$42,911,600$30,122,584$117,154,793
82$150,343,889$44,917,426$31,034,848$128,313,685
83$165,579,073$47,018,487$31,974,622$140,579,635
84$182,365,099$49,219,353$32,942,732$154,064,273
85$200,860,053$51,524,816$33,940,028$168,890,556
86$221,238,145$53,939,898$34,967,385$185,193,927
87$243,691,349$56,469,866$36,025,706$203,123,581
88$268,431,217$59,120,240$37,115,917$222,843,867
89$295,690,877$61,896,808$38,238,977$244,535,832
90$325,727,233$64,805,638$39,395,869$268,398,919
91$358,823,387$67,853,091$40,587,607$294,652,841
92$395,291,317$71,045,836$41,815,235$323,539,646
93$435,474,815$74,390,866$43,079,830$355,325,991
94$479,752,739$77,895,512$44,382,497$390,305,647
95$528,542,586$81,567,459$45,724,378$428,802,265
96$582,304,431$85,414,766$47,106,647$471,172,414
97$641,545,276$89,445,882$48,530,512$517,808,942
98$706,823,829$93,669,666$49,997,219$569,144,663
99$778,755,784$98,095,404$51,508,051$625,656,436
100$858,019,631$102,732,835$53,064,327$687,869,652