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%14.4%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,190,032
2 years$621,387$609,814$598,598$587,724$577,176$555,052
3 years$410,143$398,520$387,333$376,560$366,184$344,663
4 years$304,542$292,955$281,879$271,291$261,166$240,414
5 years$241,198$229,680$218,750$208,377$198,534$178,611
6 years$198,982$187,551$176,782$166,641$157,093$138,020
7 years$168,840$157,505$146,907$137,005$127,759$109,542
8 years$146,243$135,011$124,589$114,930$105,988$88,622
9 years$128,678$117,551$107,308$97,895$89,257$72,732
10 years$114,633$103,616$93,554$84,386$76,052$60,353
11 years$103,150$92,243$82,363$73,441$65,407$50,517
12 years$93,587$82,792$73,095$64,418$56,680$42,578
13 years$85,502$74,820$65,306$56,871$49,426$36,090
14 years$78,578$68,009$58,678$50,484$43,327$30,732
15 years$72,583$62,128$52,978$45,023$38,148$26,271
16 years$67,342$57,001$48,032$40,313$33,716$22,529
17 years$62,722$52,496$43,707$36,221$29,895$19,373
18 years$58,621$48,509$39,899$32,642$26,581$16,697
19 years$54,955$44,957$36,526$29,495$23,692$14,418
20 years$51,660$41,776$33,522$26,714$21,162$12,471
21 years$48,683$38,913$30,833$24,244$18,938$10,802
22 years$45,980$36,324$28,418$22,044$16,975$9,368
23 years$43,515$33,973$26,239$20,076$15,238$8,133
24 years$41,260$31,831$24,266$18,310$13,696$7,067
25 years$39,188$29,871$22,476$16,722$12,324$6,146
26 years$37,279$28,074$20,845$15,290$11,101$5,348
27 years$35,514$26,421$19,356$13,995$10,009$4,657
28 years$33,877$24,897$17,994$12,822$9,031$4,057
29 years$32,357$23,487$16,745$11,758$8,155$3,535
30 years$30,941$22,181$15,598$10,791$7,368$3,082
31 years$29,618$20,968$14,541$9,911$6,662$2,688
32 years$28,381$19,840$13,567$9,108$6,026$2,345
33 years$27,221$18,789$12,668$8,376$5,454$2,047
34 years$26,132$17,808$11,836$7,707$4,938$1,786
35 years$25,107$16,890$11,066$7,094$4,472$1,559
36 years$24,141$16,032$10,352$6,534$4,052$1,362
37 years$23,230$15,226$9,689$6,020$3,672$1,189
38 years$22,368$14,470$9,073$5,549$3,329$1,038
39 years$21,553$13,760$8,501$5,116$3,019$907
40 years$20,781$13,091$7,968$4,719$2,739$792
41 years$20,048$12,462$7,471$4,354$2,485$692
42 years$19,352$11,868$7,008$4,018$2,254$605
43 years$18,690$11,308$6,576$3,709$2,046$528
44 years$18,060$10,779$6,173$3,425$1,857$462
45 years$17,459$10,279$5,796$3,163$1,686$403
46 years$16,887$9,805$5,444$2,922$1,531$353
47 years$16,340$9,357$5,115$2,699$1,390$308
48 years$15,818$8,933$4,806$2,494$1,262$269
49 years$15,318$8,530$4,518$2,305$1,147$235
50 years$14,841$8,149$4,247$2,131$1,041$206

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 $6,056 every year, while hoping to spend $58,376 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: 22/49/29 Blend
58$15,200,000$15,200,000$15,200,000$15,200,000
59$16,756,647$15,951,047$15,715,447$16,971,283
60$18,403,713$16,670,536$16,179,803$17,883,437
61$20,216,824$17,423,325$16,657,758$18,853,308
62$22,212,853$18,210,981$17,149,706$19,889,647
63$24,410,397$19,035,151$17,656,054$20,997,927
64$26,829,942$19,897,558$18,177,216$22,184,129
65$29,494,066$20,800,009$18,713,623$23,454,781
66$32,427,645$21,744,394$19,265,714$24,817,020
67$35,658,094$22,732,698$19,833,944$26,278,647
68$39,215,617$23,766,998$20,418,779$27,848,194
69$43,133,500$24,849,470$21,020,698$29,534,992
70$47,448,420$25,982,398$21,640,195$31,349,255
71$52,200,795$27,168,171$22,277,777$33,302,163
72$57,435,159$28,409,295$22,933,966$35,405,957
73$63,200,590$29,708,396$23,609,299$37,674,045
74$69,551,168$31,068,224$24,304,327$40,121,120
75$76,546,483$32,491,664$25,019,619$42,763,279
76$84,252,206$33,981,736$25,755,757$45,618,174
77$92,740,698$35,541,609$26,513,343$48,705,154
78$102,091,702$37,174,600$27,292,992$52,045,444
79$112,393,089$38,884,189$28,095,341$55,662,326
80$123,741,691$40,674,021$28,921,041$59,581,346
81$136,244,212$42,547,917$29,770,765$63,830,537
82$150,018,237$44,509,880$30,645,201$68,440,673
83$165,193,342$46,564,109$31,545,061$73,445,539
84$181,912,316$48,715,003$32,471,072$78,882,231
85$200,332,505$50,967,172$33,423,987$84,791,494
86$220,627,306$53,325,449$34,404,576$91,218,079
87$242,987,795$55,794,899$35,413,632$98,211,153
88$267,624,533$58,380,832$36,451,972$105,824,739
89$294,769,556$61,088,813$37,520,434$114,118,204
90$324,678,562$63,924,676$38,619,879$123,156,796
91$357,633,325$66,894,536$39,751,196$133,012,237
92$393,944,358$70,004,801$40,915,294$143,763,376
93$433,953,837$73,262,191$42,113,111$155,496,906
94$478,038,838$76,673,749$43,345,610$168,308,153
95$526,614,894$80,246,856$44,613,782$182,301,950
96$580,139,914$83,989,253$45,918,645$197,593,598
97$639,118,510$87,909,052$47,261,245$214,309,917
98$704,106,760$92,014,757$48,642,658$232,590,419
99$775,717,454$96,315,284$50,063,991$252,588,581
100$854,625,879$100,819,978$51,526,380$274,473,266