Can I retire at age 59 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,203,422
2 years$621,387$609,814$598,598$587,724$577,176$568,456
3 years$410,143$398,520$387,333$376,560$366,184$357,662
4 years$304,542$292,955$281,879$271,291$261,166$252,907
5 years$241,198$229,680$218,750$208,377$198,534$190,563
6 years$198,982$187,551$176,782$166,641$157,093$149,420
7 years$168,840$157,505$146,907$137,005$127,759$120,387
8 years$146,243$135,011$124,589$114,930$105,988$98,918
9 years$128,678$117,551$107,308$97,895$89,257$82,487
10 years$114,633$103,616$93,554$84,386$76,052$69,577
11 years$103,150$92,243$82,363$73,441$65,407$59,224
12 years$93,587$82,792$73,095$64,418$56,680$50,783
13 years$85,502$74,820$65,306$56,871$49,426$43,809
14 years$78,578$68,009$58,678$50,484$43,327$37,982
15 years$72,583$62,128$52,978$45,023$38,148$33,069
16 years$67,342$57,001$48,032$40,313$33,716$28,895
17 years$62,722$52,496$43,707$36,221$29,895$25,324
18 years$58,621$48,509$39,899$32,642$26,581$22,252
19 years$54,955$44,957$36,526$29,495$23,692$19,597
20 years$51,660$41,776$33,522$26,714$21,162$17,292
21 years$48,683$38,913$30,833$24,244$18,938$15,284
22 years$45,980$36,324$28,418$22,044$16,975$13,529
23 years$43,515$33,973$26,239$20,076$15,238$11,992
24 years$41,260$31,831$24,266$18,310$13,696$10,641
25 years$39,188$29,871$22,476$16,722$12,324$9,451
26 years$37,279$28,074$20,845$15,290$11,101$8,402
27 years$35,514$26,421$19,356$13,995$10,009$7,475
28 years$33,877$24,897$17,994$12,822$9,031$6,655
29 years$32,357$23,487$16,745$11,758$8,155$5,929
30 years$30,941$22,181$15,598$10,791$7,368$5,285
31 years$29,618$20,968$14,541$9,911$6,662$4,713
32 years$28,381$19,840$13,567$9,108$6,026$4,204
33 years$27,221$18,789$12,668$8,376$5,454$3,752
34 years$26,132$17,808$11,836$7,707$4,938$3,350
35 years$25,107$16,890$11,066$7,094$4,472$2,991
36 years$24,141$16,032$10,352$6,534$4,052$2,672
37 years$23,230$15,226$9,689$6,020$3,672$2,387
38 years$22,368$14,470$9,073$5,549$3,329$2,134
39 years$21,553$13,760$8,501$5,116$3,019$1,907
40 years$20,781$13,091$7,968$4,719$2,739$1,705
41 years$20,048$12,462$7,471$4,354$2,485$1,524
42 years$19,352$11,868$7,008$4,018$2,254$1,363
43 years$18,690$11,308$6,576$3,709$2,046$1,219
44 years$18,060$10,779$6,173$3,425$1,857$1,090
45 years$17,459$10,279$5,796$3,163$1,686$975
46 years$16,887$9,805$5,444$2,922$1,531$873
47 years$16,340$9,357$5,115$2,699$1,390$781
48 years$15,818$8,933$4,806$2,494$1,262$699
49 years$15,318$8,530$4,518$2,305$1,147$625
50 years$14,841$8,149$4,247$2,131$1,041$559

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,200,000, adding $4,959 every year, while hoping to spend $57,740 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: 51/29/20 Blend
58$15,200,000$15,200,000$15,200,000$15,200,000
59$16,755,515$15,949,915$15,714,315$17,516,834
60$18,403,143$16,670,026$16,179,310$18,762,867
61$20,216,893$17,423,487$16,657,947$20,110,517
62$22,213,650$18,211,872$17,150,622$21,574,550
63$24,412,017$19,036,828$17,657,742$23,166,008
64$26,832,494$19,900,084$18,179,727$24,897,024
65$29,497,668$20,803,448$18,717,008$26,780,934
66$32,432,430$21,748,817$19,270,028$28,832,394
67$35,664,207$22,738,178$19,839,243$31,067,517
68$39,223,221$23,773,614$20,425,123$33,504,021
69$43,142,775$24,857,305$21,028,149$36,161,384
70$47,459,564$25,991,540$21,648,818$39,061,031
71$52,214,027$27,178,713$22,287,641$42,226,521
72$57,450,723$28,421,335$22,945,142$45,683,771
73$63,218,755$29,722,038$23,621,862$49,461,290
74$69,572,229$31,083,579$24,318,356$53,590,441
75$76,570,771$32,508,849$25,035,195$58,105,731
76$84,280,082$34,000,875$25,772,967$63,045,129
77$92,772,564$35,562,832$26,532,275$68,450,418
78$102,128,001$37,198,046$27,313,742$74,367,577
79$112,434,310$38,910,004$28,118,006$80,847,212
80$123,788,375$40,702,359$28,945,724$87,945,019
81$136,296,956$42,578,941$29,797,572$95,722,306
82$150,077,700$44,543,763$30,674,245$104,246,558
83$165,260,251$46,601,034$31,576,458$113,592,064
84$181,987,473$48,755,161$32,504,946$123,840,611
85$200,416,799$51,010,767$33,460,465$135,082,241
86$220,721,713$53,372,696$34,443,792$147,416,092
87$243,093,395$55,846,024$35,455,725$160,951,318
88$267,742,516$58,436,075$36,497,088$175,808,113
89$294,901,237$61,148,427$37,568,724$192,118,825
90$324,825,390$63,988,927$38,671,504$210,029,198
91$357,796,900$66,963,705$39,806,319$229,699,727
92$394,126,443$70,079,185$40,974,089$251,307,164
93$434,156,378$73,342,103$42,175,759$275,046,166
94$478,263,981$76,759,518$43,412,300$301,131,119
95$526,865,005$80,338,832$44,684,710$329,798,142
96$580,417,603$84,087,803$45,994,015$361,307,299
97$639,426,656$88,014,562$47,341,272$395,945,035
98$704,448,535$92,127,637$48,727,565$434,026,861
99$776,096,358$96,435,963$50,154,011$475,900,312
100$855,045,772$100,948,910$51,621,755$521,948,201