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

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 $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%12.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,190,530
2 years$617,299$605,802$594,660$583,857$573,379$559,723
3 years$407,445$395,899$384,785$374,083$363,775$350,452
4 years$302,538$291,027$280,025$269,506$259,447$246,560
5 years$239,611$228,169$217,311$207,006$197,228$184,814
6 years$197,673$186,317$175,619$165,545$156,060$144,134
7 years$167,729$156,469$145,940$136,103$126,918$115,486
8 years$145,281$134,123$123,769$114,174$105,291$94,351
9 years$127,831$116,778$106,602$97,251$88,670$78,218
10 years$113,879$102,934$92,938$83,831$75,551$65,581
11 years$102,471$91,636$81,821$72,958$64,977$55,479
12 years$92,972$82,248$72,614$63,994$56,307$47,272
13 years$84,940$74,328$64,876$56,497$49,101$40,518
14 years$78,061$67,562$58,292$50,152$43,042$34,898
15 years$72,105$61,719$52,629$44,727$37,897$30,180
16 years$66,899$56,626$47,716$40,048$33,494$26,190
17 years$62,310$52,150$43,420$35,983$29,698$22,794
18 years$58,235$48,189$39,637$32,428$26,406$19,888
19 years$54,593$44,661$36,286$29,301$23,536$17,389
20 years$51,320$41,502$33,301$26,538$21,023$15,232
21 years$48,362$38,657$30,631$24,085$18,813$13,364
22 years$45,677$36,085$28,231$21,899$16,863$11,741
23 years$43,229$33,750$26,066$19,943$15,138$10,327
24 years$40,988$31,621$24,107$18,190$13,606$9,094
25 years$38,930$29,675$22,328$16,612$12,243$8,015
26 years$37,033$27,890$20,708$15,189$11,028$7,069
27 years$35,280$26,247$19,229$13,903$9,943$6,240
28 years$33,655$24,733$17,876$12,738$8,972$5,511
29 years$32,144$23,333$16,635$11,681$8,101$4,870
30 years$30,737$22,035$15,495$10,720$7,320$4,305
31 years$29,423$20,830$14,445$9,846$6,618$3,808
32 years$28,194$19,710$13,478$9,048$5,986$3,369
33 years$27,042$18,666$12,584$8,321$5,418$2,982
34 years$25,960$17,691$11,758$7,656$4,905$2,640
35 years$24,942$16,779$10,993$7,048$4,443$2,338
36 years$23,982$15,926$10,284$6,491$4,025$2,071
37 years$23,077$15,126$9,625$5,980$3,648$1,835
38 years$22,221$14,375$9,014$5,512$3,308$1,626
39 years$21,411$13,669$8,445$5,083$2,999$1,441
40 years$20,644$13,005$7,915$4,688$2,721$1,277
41 years$19,916$12,380$7,422$4,325$2,468$1,132
42 years$19,225$11,790$6,962$3,992$2,240$1,004
43 years$18,567$11,234$6,533$3,685$2,033$890
44 years$17,941$10,708$6,132$3,402$1,845$789
45 years$17,345$10,211$5,758$3,142$1,675$700
46 years$16,776$9,741$5,408$2,902$1,521$621
47 years$16,233$9,296$5,081$2,681$1,381$550
48 years$15,714$8,874$4,775$2,478$1,254$488
49 years$15,218$8,474$4,488$2,290$1,139$433
50 years$14,743$8,095$4,219$2,117$1,035$384

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 $3,597 every year, while hoping to spend $59,735 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: 65/18/17 Blend
58$15,100,000$15,100,000$15,100,000$15,100,000
59$16,643,910$15,843,610$15,609,560$17,655,845
60$18,278,032$16,556,390$16,068,923$19,047,097
61$20,076,831$17,302,093$16,541,672$20,559,603
62$22,057,043$18,082,271$17,028,194$22,210,988
63$24,237,107$18,898,547$17,528,883$24,014,838
64$26,637,339$19,752,624$18,044,148$25,986,098
65$29,280,129$20,646,284$18,574,409$28,141,216
66$32,190,146$21,581,395$19,120,095$30,498,292
67$35,394,572$22,559,915$19,681,650$33,077,245
68$38,923,363$23,583,895$20,259,529$35,899,997
69$42,809,525$24,655,485$20,854,202$38,990,680
70$47,089,428$25,776,935$21,466,150$42,375,857
71$51,803,151$26,950,607$22,095,868$46,084,769
72$56,994,859$28,178,972$22,743,865$50,149,606
73$62,713,215$29,464,623$23,410,665$54,605,810
74$69,011,848$30,810,274$24,096,807$59,492,400
75$75,949,851$32,218,772$24,802,844$64,852,341
76$83,592,341$33,693,098$25,529,346$70,732,940
77$92,011,078$35,236,377$26,276,897$77,186,290
78$101,285,134$36,851,885$27,046,098$84,269,755
79$111,501,644$38,543,055$27,837,570$92,046,508
80$122,756,630$40,313,482$28,651,946$100,586,120
81$135,155,901$42,166,938$29,489,881$109,965,209
82$148,816,058$44,107,373$30,352,047$120,268,161
83$163,865,590$46,138,928$31,239,135$131,587,916
84$180,446,088$48,265,944$32,151,854$144,026,841
85$198,713,583$50,492,969$33,090,936$157,697,687
86$218,840,016$52,824,772$34,057,129$172,724,648
87$241,014,860$55,266,348$35,051,205$189,244,524
88$265,446,913$57,822,936$36,073,958$207,408,005
89$292,366,264$60,500,026$37,126,201$227,381,084
90$322,026,468$63,303,372$38,208,774$249,346,616
91$354,706,936$66,239,006$39,322,536$273,506,034
92$390,715,576$69,313,250$40,468,373$300,081,243
93$430,391,695$72,532,730$41,647,195$329,316,699
94$474,109,208$75,904,393$42,859,935$361,481,713
95$522,280,160$79,435,521$44,107,556$396,872,979
96$575,358,621$83,133,746$45,391,044$435,817,361
97$633,844,970$87,007,070$46,711,414$478,674,970
98$698,290,620$91,063,879$48,069,709$525,842,551
99$769,303,220$95,312,966$49,467,001$577,757,212
100$847,552,394$99,763,547$50,904,392$634,900,540