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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,174,887
2 years$625,475$613,826$602,537$591,591$580,973$535,989
3 years$412,841$401,142$389,881$379,038$368,593$325,195
4 years$306,545$294,882$283,734$273,075$262,884$221,404
5 years$242,784$231,191$220,189$209,748$199,840$160,386
6 years$200,291$188,785$177,945$167,737$158,127$120,726
7 years$169,950$158,541$147,873$137,906$128,599$93,242
8 years$147,205$135,899$125,408$115,686$106,686$73,340
9 years$129,524$118,325$108,014$98,539$89,845$58,465
10 years$115,387$104,297$94,169$84,941$76,552$47,083
11 years$103,829$92,850$82,905$73,924$65,837$38,214
12 years$94,203$83,337$73,576$64,842$57,053$31,207
13 years$86,065$75,312$65,735$57,245$49,752$25,610
14 years$79,095$68,457$59,064$50,816$43,612$21,099
15 years$73,060$62,537$53,326$45,319$38,399$17,438
16 years$67,785$57,376$48,348$40,578$33,937$14,449
17 years$63,135$52,841$43,995$36,459$30,091$11,998
18 years$59,006$48,828$40,162$32,857$26,756$9,980
19 years$55,316$45,253$36,766$29,689$23,848$8,313
20 years$52,000$42,051$33,742$26,889$21,302$6,933
21 years$49,003$39,169$31,036$24,404$19,062$5,788
22 years$46,282$36,563$28,605$22,189$17,087$4,835
23 years$43,802$34,197$26,411$20,208$15,338$4,043
24 years$41,531$32,040$24,426$18,431$13,786$3,382
25 years$39,446$30,068$22,623$16,832$12,405$2,830
26 years$37,524$28,259$20,982$15,390$11,174$2,369
27 years$35,747$26,595$19,484$14,087$10,075$1,984
28 years$34,100$25,060$18,113$12,907$9,091$1,662
29 years$32,570$23,642$16,855$11,836$8,209$1,393
30 years$31,144$22,327$15,700$10,862$7,417$1,167
31 years$29,813$21,106$14,637$9,976$6,706$979
32 years$28,568$19,971$13,656$9,168$6,066$820
33 years$27,400$18,913$12,751$8,431$5,489$688
34 years$26,304$17,925$11,914$7,757$4,970$577
35 years$25,272$17,002$11,139$7,141$4,502$484
36 years$24,300$16,137$10,420$6,577$4,079$406
37 years$23,383$15,326$9,753$6,060$3,697$340
38 years$22,516$14,566$9,133$5,585$3,351$285
39 years$21,695$13,850$8,557$5,150$3,039$239
40 years$20,918$13,178$8,020$4,750$2,757$201
41 years$20,180$12,544$7,520$4,382$2,501$168
42 years$19,479$11,946$7,054$4,044$2,269$141
43 years$18,813$11,382$6,620$3,734$2,059$118
44 years$18,179$10,850$6,214$3,447$1,869$99
45 years$17,574$10,346$5,834$3,184$1,697$83
46 years$16,998$9,870$5,480$2,941$1,541$70
47 years$16,448$9,419$5,148$2,717$1,399$59
48 years$15,922$8,992$4,838$2,511$1,271$49
49 years$15,419$8,587$4,547$2,320$1,154$41
50 years$14,938$8,202$4,275$2,145$1,048$35

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 $2,583 every year, while hoping to spend $53,419 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: 55/17/28 Blend
58$15,300,000$15,300,000$15,300,000$15,300,000
59$16,863,264$16,052,364$15,815,214$17,659,853
60$18,526,480$16,782,093$16,288,187$18,939,321
61$20,357,553$17,545,788$16,775,213$20,326,392
62$22,373,549$18,345,057$17,276,708$21,836,079
63$24,593,271$19,181,585$17,793,098$23,480,205
64$27,037,441$20,057,138$18,324,823$25,271,769
65$29,728,888$20,973,567$18,872,333$27,225,070
66$32,692,773$21,932,809$19,436,094$29,355,838
67$35,956,817$22,936,898$20,016,585$31,681,376
68$39,551,570$23,987,963$20,614,297$34,220,722
69$43,510,692$25,088,236$21,229,739$36,994,823
70$47,871,278$26,240,055$21,863,430$40,026,731
71$52,674,203$27,445,872$22,515,910$43,341,811
72$57,964,507$28,708,256$23,187,728$46,967,983
73$63,791,825$30,029,898$23,879,456$50,935,972
74$70,210,850$31,413,622$24,591,676$55,279,603
75$77,281,852$32,862,385$25,324,992$60,036,106
76$85,071,245$34,379,286$26,080,024$65,246,467
77$93,652,215$35,967,574$26,857,408$70,955,809
78$103,105,411$37,630,655$27,657,801$77,213,810
79$113,519,704$39,372,098$28,481,878$84,075,168
80$124,993,028$41,195,645$29,330,335$91,600,107
81$137,633,301$43,105,216$30,203,886$99,854,944
82$151,559,448$45,104,922$31,103,266$108,912,706
83$166,902,521$47,199,072$32,029,234$118,853,809
84$183,806,932$49,392,181$32,982,568$129,766,816
85$202,431,825$51,688,983$33,964,070$141,749,258
86$222,952,570$54,094,442$34,974,565$154,908,550
87$245,562,420$56,613,758$36,014,901$169,362,998
88$270,474,339$59,252,384$37,085,952$185,242,905
89$297,923,007$62,016,036$38,188,617$202,691,788
90$328,167,038$64,910,706$39,323,820$221,867,732
91$361,491,420$67,942,676$40,492,513$242,944,863
92$398,210,207$71,118,529$41,695,674$266,114,986
93$438,669,480$74,445,169$42,934,311$291,589,384
94$483,250,617$77,929,831$44,209,460$319,600,801
95$532,373,890$81,580,104$45,522,187$350,405,627
96$586,502,437$85,403,938$46,873,590$384,286,303
97$646,146,626$89,409,672$48,264,796$421,553,980
98$711,868,883$93,606,047$49,696,967$462,551,437
99$784,288,992$98,002,226$51,171,299$507,656,307
100$864,089,950$102,607,816$52,689,018$557,284,624