Can I retire at age 59 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,174,421
2 years$625,475$613,826$602,537$591,591$580,973$535,532
3 years$412,841$401,142$389,881$379,038$368,593$324,762
4 years$306,545$294,882$283,734$273,075$262,884$220,997
5 years$242,784$231,191$220,189$209,748$199,840$160,007
6 years$200,291$188,785$177,945$167,737$158,127$120,374
7 years$169,950$158,541$147,873$137,906$128,599$92,918
8 years$147,205$135,899$125,408$115,686$106,686$73,042
9 years$129,524$118,325$108,014$98,539$89,845$58,191
10 years$115,387$104,297$94,169$84,941$76,552$46,832
11 years$103,829$92,850$82,905$73,924$65,837$37,986
12 years$94,203$83,337$73,576$64,842$57,053$31,000
13 years$86,065$75,312$65,735$57,245$49,752$25,423
14 years$79,095$68,457$59,064$50,816$43,612$20,930
15 years$73,060$62,537$53,326$45,319$38,399$17,286
16 years$67,785$57,376$48,348$40,578$33,937$14,313
17 years$63,135$52,841$43,995$36,459$30,091$11,876
18 years$59,006$48,828$40,162$32,857$26,756$9,871
19 years$55,316$45,253$36,766$29,689$23,848$8,216
20 years$52,000$42,051$33,742$26,889$21,302$6,847
21 years$49,003$39,169$31,036$24,404$19,062$5,711
22 years$46,282$36,563$28,605$22,189$17,087$4,768
23 years$43,802$34,197$26,411$20,208$15,338$3,983
24 years$41,531$32,040$24,426$18,431$13,786$3,329
25 years$39,446$30,068$22,623$16,832$12,405$2,784
26 years$37,524$28,259$20,982$15,390$11,174$2,329
27 years$35,747$26,595$19,484$14,087$10,075$1,949
28 years$34,100$25,060$18,113$12,907$9,091$1,631
29 years$32,570$23,642$16,855$11,836$8,209$1,366
30 years$31,144$22,327$15,700$10,862$7,417$1,144
31 years$29,813$21,106$14,637$9,976$6,706$958
32 years$28,568$19,971$13,656$9,168$6,066$802
33 years$27,400$18,913$12,751$8,431$5,489$672
34 years$26,304$17,925$11,914$7,757$4,970$563
35 years$25,272$17,002$11,139$7,141$4,502$472
36 years$24,300$16,137$10,420$6,577$4,079$395
37 years$23,383$15,326$9,753$6,060$3,697$331
38 years$22,516$14,566$9,133$5,585$3,351$278
39 years$21,695$13,850$8,557$5,150$3,039$233
40 years$20,918$13,178$8,020$4,750$2,757$195
41 years$20,180$12,544$7,520$4,382$2,501$163
42 years$19,479$11,946$7,054$4,044$2,269$137
43 years$18,813$11,382$6,620$3,734$2,059$115
44 years$18,179$10,850$6,214$3,447$1,869$96
45 years$17,574$10,346$5,834$3,184$1,697$81
46 years$16,998$9,870$5,480$2,941$1,541$68
47 years$16,448$9,419$5,148$2,717$1,399$57
48 years$15,922$8,992$4,838$2,511$1,271$48
49 years$15,419$8,587$4,547$2,320$1,154$40
50 years$14,938$8,202$4,275$2,145$1,048$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,300,000, adding $2,324 every year, while hoping to spend $20,627 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: 35/43/22 Blend
58$15,300,000$15,300,000$15,300,000$15,300,000
59$16,862,997$16,052,097$15,814,947$17,340,368
60$18,561,076$16,816,703$16,322,801$18,457,240
61$20,431,667$17,618,083$16,846,977$19,659,432
62$22,492,346$18,458,018$17,387,999$20,956,163
63$24,762,478$19,338,374$17,946,410$22,355,868
64$27,263,405$20,261,108$18,522,769$23,867,789
65$30,018,644$21,228,274$19,117,653$25,502,053
66$33,054,111$22,242,024$19,731,659$27,269,763
67$36,398,361$23,304,615$20,365,401$29,183,091
68$40,082,867$24,418,414$21,019,515$31,255,387
69$44,142,306$25,585,903$21,694,655$33,501,295
70$48,614,894$26,809,685$22,391,499$35,936,884
71$53,542,743$28,092,489$23,110,744$38,579,785
72$58,972,261$29,437,179$23,853,112$41,449,354
73$64,954,586$30,846,755$24,619,346$44,566,837
74$71,546,074$32,324,366$25,410,214$47,955,566
75$78,808,826$33,873,313$26,226,508$51,641,162
76$86,811,278$35,497,057$27,069,048$55,651,769
77$95,628,845$37,199,229$27,938,678$60,018,304
78$105,344,632$38,983,637$28,836,269$64,774,736
79$116,050,222$40,854,272$29,762,721$69,958,394
80$127,846,535$42,815,322$30,718,963$75,610,304
81$140,844,787$44,871,178$31,705,953$81,775,559
82$155,167,534$47,026,445$32,724,682$88,503,732
83$170,949,834$49,285,952$33,776,170$95,849,326
84$188,340,518$51,654,764$34,861,472$103,872,268
85$207,503,596$54,138,193$35,981,677$112,638,462
86$228,619,807$56,741,809$37,137,907$122,220,386
87$251,888,323$59,471,453$38,331,323$132,697,760
88$277,528,631$62,333,253$39,563,121$144,158,275
89$305,782,602$65,333,633$40,834,537$156,698,401
90$336,916,780$68,479,333$42,146,845$170,424,272
91$371,224,890$71,777,419$43,501,364$185,452,667
92$409,030,619$75,235,304$44,899,450$201,912,084
93$450,690,668$78,860,759$46,342,507$219,943,926
94$496,598,118$82,661,938$47,831,983$239,703,813
95$547,186,143$86,647,390$49,369,372$261,363,016
96$602,932,100$90,826,083$50,956,216$285,110,046
97$664,362,034$95,207,420$52,594,108$311,152,404
98$732,055,642$99,801,264$54,284,692$339,718,502
99$806,651,752$104,617,961$56,029,663$371,059,787
100$888,854,348$109,668,358$57,830,774$405,453,078