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%16.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,188,139
2 years$625,475$613,826$602,537$591,591$580,973$549,048
3 years$412,841$401,142$389,881$379,038$368,593$337,645
4 years$306,545$294,882$283,734$273,075$262,884$233,152
5 years$242,784$231,191$220,189$209,748$199,840$171,406
6 years$200,291$188,785$177,945$167,737$158,127$131,018
7 years$169,950$158,541$147,873$137,906$128,599$102,818
8 years$147,205$135,899$125,408$115,686$106,686$82,219
9 years$129,524$118,325$108,014$98,539$89,845$66,671
10 years$115,387$104,297$94,169$84,941$76,552$54,643
11 years$103,829$92,850$82,905$73,924$65,837$45,160
12 years$94,203$83,337$73,576$64,842$57,053$37,571
13 years$86,065$75,312$65,735$57,245$49,752$31,423
14 years$79,095$68,457$59,064$50,816$43,612$26,396
15 years$73,060$62,537$53,326$45,319$38,399$22,253
16 years$67,785$57,376$48,348$40,578$33,937$18,815
17 years$63,135$52,841$43,995$36,459$30,091$15,947
18 years$59,006$48,828$40,162$32,857$26,756$13,544
19 years$55,316$45,253$36,766$29,689$23,848$11,523
20 years$52,000$42,051$33,742$26,889$21,302$9,817
21 years$49,003$39,169$31,036$24,404$19,062$8,375
22 years$46,282$36,563$28,605$22,189$17,087$7,152
23 years$43,802$34,197$26,411$20,208$15,338$6,112
24 years$41,531$32,040$24,426$18,431$13,786$5,228
25 years$39,446$30,068$22,623$16,832$12,405$4,475
26 years$37,524$28,259$20,982$15,390$11,174$3,832
27 years$35,747$26,595$19,484$14,087$10,075$3,283
28 years$34,100$25,060$18,113$12,907$9,091$2,814
29 years$32,570$23,642$16,855$11,836$8,209$2,412
30 years$31,144$22,327$15,700$10,862$7,417$2,069
31 years$29,813$21,106$14,637$9,976$6,706$1,775
32 years$28,568$19,971$13,656$9,168$6,066$1,523
33 years$27,400$18,913$12,751$8,431$5,489$1,307
34 years$26,304$17,925$11,914$7,757$4,970$1,122
35 years$25,272$17,002$11,139$7,141$4,502$963
36 years$24,300$16,137$10,420$6,577$4,079$826
37 years$23,383$15,326$9,753$6,060$3,697$710
38 years$22,516$14,566$9,133$5,585$3,351$609
39 years$21,695$13,850$8,557$5,150$3,039$523
40 years$20,918$13,178$8,020$4,750$2,757$449
41 years$20,180$12,544$7,520$4,382$2,501$386
42 years$19,479$11,946$7,054$4,044$2,269$331
43 years$18,813$11,382$6,620$3,734$2,059$285
44 years$18,179$10,850$6,214$3,447$1,869$245
45 years$17,574$10,346$5,834$3,184$1,697$210
46 years$16,998$9,870$5,480$2,941$1,541$180
47 years$16,448$9,419$5,148$2,717$1,399$155
48 years$15,922$8,992$4,838$2,511$1,271$133
49 years$15,419$8,587$4,547$2,320$1,154$114
50 years$14,938$8,202$4,275$2,145$1,048$98

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 $3,327 every year, while hoping to spend $55,750 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: 60/19/21 Blend
58$15,300,000$15,300,000$15,300,000$15,300,000
59$16,864,032$16,053,132$15,815,982$17,782,403
60$18,524,845$16,780,418$16,286,500$19,132,473
61$20,353,194$17,541,472$16,770,911$20,598,342
62$22,366,106$18,337,891$17,269,623$22,196,401
63$24,582,347$19,171,346$17,783,054$23,939,482
64$27,022,594$20,043,590$18,311,634$25,841,700
65$29,709,632$20,956,458$18,855,807$27,918,581
66$32,668,565$21,911,875$19,416,027$30,187,209
67$35,927,058$22,911,857$19,992,764$32,666,378
68$39,515,596$23,958,516$20,586,499$35,376,770
69$43,467,771$25,054,067$21,197,731$38,341,147
70$47,820,597$26,200,830$21,826,968$41,584,555
71$52,614,864$27,401,236$22,474,738$45,134,563
72$57,895,517$28,657,834$23,141,579$49,021,515
73$63,712,087$29,973,295$23,828,048$53,278,813
74$70,119,150$31,350,416$24,534,718$57,943,226
75$77,176,848$32,792,133$25,262,177$63,055,233
76$84,951,457$34,301,517$26,011,030$68,659,398
77$93,516,007$35,881,793$26,781,901$74,804,787
78$102,950,976$37,536,337$27,575,430$81,545,424
79$113,345,045$39,268,687$28,392,277$88,940,796
80$124,795,942$41,082,555$29,233,120$97,056,404
81$137,411,356$42,981,828$30,098,657$105,964,381
82$151,309,958$44,970,581$30,989,606$115,744,160
83$166,622,520$47,053,086$31,906,705$126,483,220
84$183,493,151$49,233,821$32,850,713$138,277,902
85$202,080,653$51,517,479$33,822,413$151,234,312
86$222,560,023$53,908,979$34,822,607$165,469,313
87$245,124,104$56,413,477$35,852,122$181,111,620
88$269,985,404$59,036,379$36,911,810$198,303,006
89$297,378,104$61,783,350$38,002,544$217,199,631
90$327,560,266$64,660,330$39,125,225$237,973,505
91$360,816,271$67,673,544$40,280,778$260,814,102
92$397,459,501$70,829,519$41,470,155$285,930,138
93$437,835,301$74,135,095$42,694,336$313,551,532
94$482,324,232$77,597,445$43,954,326$343,931,560
95$531,345,670$81,224,087$45,251,163$377,349,236
96$585,361,763$85,022,902$46,585,911$414,111,934
97$644,881,790$89,002,152$47,959,667$454,558,276
98$710,466,974$93,170,498$49,373,557$499,061,313
99$782,735,775$97,537,022$50,828,741$548,032,032
100$862,369,730$102,111,242$52,326,410$601,923,224