Can I retire at age 59 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,203,715
2 years$629,563$617,838$606,475$595,457$584,770$560,389
3 years$415,540$403,764$392,429$381,515$371,002$347,302
4 years$308,549$296,809$285,588$274,860$264,602$241,765
5 years$244,371$232,702$221,628$211,119$201,146$179,238
6 years$201,600$190,019$179,108$168,834$159,160$138,205
7 years$171,061$159,577$148,840$138,807$129,440$109,442
8 years$148,168$136,787$126,228$116,442$107,383$88,336
9 years$130,371$119,098$108,720$99,183$90,432$72,325
10 years$116,142$104,979$94,785$85,497$77,052$59,867
11 years$104,507$93,457$83,447$74,408$66,268$49,984
12 years$94,819$83,882$74,057$65,265$57,426$42,020
13 years$86,627$75,805$66,165$57,620$50,077$35,523
14 years$79,612$68,904$59,450$51,148$43,897$30,167
15 years$73,538$62,945$53,675$45,615$38,650$25,717
16 years$68,228$57,751$48,664$40,844$34,159$21,992
17 years$63,548$53,187$44,283$36,698$30,288$18,857
18 years$59,392$49,147$40,424$33,072$26,931$16,205
19 years$55,678$45,549$37,006$29,883$24,004$13,952
20 years$52,340$42,326$33,963$27,065$21,441$12,032
21 years$49,323$39,425$31,239$24,563$19,187$10,390
22 years$46,585$36,802$28,792$22,334$17,198$8,983
23 years$44,088$34,420$26,584$20,340$15,438$7,775
24 years$41,803$32,249$24,586$18,551$13,876$6,734
25 years$39,704$30,264$22,771$16,942$12,487$5,838
26 years$37,769$28,444$21,119$15,491$11,247$5,064
27 years$35,981$26,769$19,611$14,179$10,141$4,395
28 years$34,323$25,224$18,231$12,991$9,150$3,816
29 years$32,783$23,796$16,966$11,913$8,262$3,315
30 years$31,348$22,473$15,803$10,933$7,465$2,881
31 years$30,008$21,244$14,732$10,041$6,749$2,504
32 years$28,754$20,101$13,746$9,228$6,105$2,177
33 years$27,579$19,036$12,834$8,486$5,525$1,894
34 years$26,475$18,042$11,992$7,808$5,003$1,647
35 years$25,437$17,113$11,211$7,188$4,531$1,433
36 years$24,459$16,242$10,488$6,620$4,105$1,247
37 years$23,535$15,427$9,817$6,099$3,721$1,085
38 years$22,663$14,661$9,193$5,622$3,373$945
39 years$21,837$13,941$8,613$5,183$3,059$822
40 years$21,054$13,264$8,073$4,781$2,775$716
41 years$20,312$12,626$7,570$4,411$2,517$623
42 years$19,606$12,024$7,101$4,071$2,284$543
43 years$18,936$11,457$6,663$3,758$2,073$473
44 years$18,297$10,921$6,254$3,470$1,882$411
45 years$17,689$10,414$5,873$3,204$1,708$358
46 years$17,109$9,934$5,516$2,960$1,551$312
47 years$16,555$9,481$5,182$2,735$1,408$272
48 years$16,026$9,050$4,869$2,527$1,279$237
49 years$15,520$8,643$4,577$2,335$1,162$206
50 years$15,036$8,256$4,303$2,159$1,055$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,400,000, adding $6,842 every year, while hoping to spend $43,478 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: 72/10/18 Blend
58$15,400,000$15,400,000$15,400,000$15,400,000
59$16,977,858$16,161,658$15,922,958$18,127,821
60$18,663,339$16,907,318$16,410,116$19,638,494
61$20,519,282$17,688,060$16,912,138$21,286,487
62$22,563,028$18,505,554$17,429,474$23,090,199
63$24,813,686$19,361,555$17,962,590$25,065,062
64$27,292,312$20,257,901$18,511,967$27,228,065
65$30,022,107$21,196,518$19,078,098$29,597,912
66$33,028,641$22,179,426$19,661,492$32,195,195
67$36,340,085$23,208,741$20,262,676$35,042,589
68$39,987,487$24,286,682$20,882,188$38,165,060
69$44,005,055$25,415,575$21,520,586$41,590,099
70$48,430,490$26,597,857$22,178,445$45,347,981
71$53,305,331$27,836,083$22,856,354$49,472,045
72$58,675,357$29,132,933$23,554,924$53,999,006
73$64,591,012$30,491,215$24,274,782$58,969,299
74$71,107,882$31,913,871$25,016,574$64,427,461
75$78,287,223$33,403,989$25,780,967$70,422,541
76$86,196,537$34,964,801$26,568,646$77,008,564
77$94,910,208$36,599,700$27,380,320$84,245,037
78$104,510,204$38,312,240$28,216,715$92,197,506
79$115,086,852$40,106,148$29,078,583$100,938,172
80$126,739,693$41,985,331$29,966,697$110,546,565
81$139,578,413$43,953,884$30,881,853$121,110,296
82$153,723,888$46,016,101$31,824,872$132,725,874
83$169,309,319$48,176,484$32,796,599$145,499,615
84$186,481,489$50,439,751$33,797,905$159,548,643
85$205,402,154$52,810,852$34,829,688$175,001,985
86$226,249,562$55,294,972$35,892,871$192,001,787
87$249,220,142$57,897,550$36,988,407$210,704,653
88$274,530,354$60,624,288$38,117,276$231,283,110
89$302,418,736$63,481,164$39,280,491$253,927,240
90$333,148,151$66,474,445$40,479,091$278,846,459
91$367,008,271$69,610,701$41,714,149$306,271,496
92$404,318,312$72,896,823$42,986,770$336,456,556
93$445,430,046$76,340,033$44,298,093$369,681,720
94$490,731,121$79,947,906$45,649,290$406,255,577
95$540,648,724$83,728,382$47,041,570$446,518,130
96$595,653,607$87,689,786$48,476,176$490,844,000
97$656,264,538$91,840,849$49,954,391$539,645,951
98$723,053,193$96,190,722$51,477,535$593,378,782
99$796,649,556$100,749,005$53,046,970$652,543,605
100$877,747,864$105,525,759$54,664,096$717,692,573