Can I retire at age 59 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,188,831
2 years$633,651$621,850$610,413$599,324$588,568$541,609
3 years$418,238$406,386$394,978$383,993$373,411$328,132
4 years$310,552$298,737$287,443$276,645$266,320$223,065
5 years$245,958$234,213$223,067$212,490$202,452$161,334
6 years$202,909$191,253$180,271$169,930$160,194$121,239
7 years$172,172$160,614$149,806$139,709$130,280$93,478
8 years$149,130$137,676$127,048$117,198$108,080$73,395
9 years$131,217$119,871$109,426$99,827$91,019$58,401
10 years$116,896$105,661$95,400$86,052$77,553$46,941
11 years$105,186$94,064$83,989$74,891$66,698$38,025
12 years$95,434$84,426$74,538$65,689$57,799$30,991
13 years$87,190$76,297$66,595$57,994$50,402$25,380
14 years$80,129$69,352$59,836$51,480$44,182$20,866
15 years$74,015$63,354$54,024$45,911$38,901$17,208
16 years$68,671$58,126$48,980$41,109$34,381$14,228
17 years$63,960$53,532$44,570$36,936$30,485$11,788
18 years$59,778$49,466$40,687$33,287$27,106$9,783
19 years$56,040$45,845$37,247$30,077$24,160$8,131
20 years$52,680$42,601$34,183$27,241$21,580$6,765
21 years$49,644$39,681$31,442$24,723$19,312$5,635
22 years$46,887$37,041$28,979$22,479$17,310$4,696
23 years$44,374$34,644$26,757$20,472$15,539$3,917
24 years$42,074$32,459$24,745$18,671$13,966$3,269
25 years$39,961$30,461$22,919$17,052$12,568$2,729
26 years$38,014$28,628$21,256$15,591$11,320$2,279
27 years$36,214$26,943$19,738$14,271$10,206$1,904
28 years$34,546$25,388$18,349$13,075$9,209$1,592
29 years$32,996$23,951$17,076$11,990$8,316$1,330
30 years$31,551$22,619$15,905$11,004$7,514$1,112
31 years$30,203$21,382$14,828$10,106$6,793$930
32 years$28,941$20,232$13,835$9,288$6,145$778
33 years$27,758$19,160$12,918$8,541$5,561$650
34 years$26,647$18,159$12,070$7,859$5,035$544
35 years$25,602$17,224$11,284$7,234$4,560$455
36 years$24,618$16,348$10,556$6,663$4,132$381
37 years$23,688$15,527$9,880$6,139$3,745$319
38 years$22,810$14,756$9,252$5,658$3,395$266
39 years$21,979$14,031$8,669$5,217$3,079$223
40 years$21,191$13,350$8,125$4,812$2,793$187
41 years$20,444$12,708$7,619$4,440$2,534$156
42 years$19,734$12,102$7,147$4,097$2,299$131
43 years$19,059$11,531$6,706$3,782$2,086$109
44 years$18,416$10,992$6,295$3,492$1,894$91
45 years$17,804$10,482$5,911$3,225$1,719$77
46 years$17,220$9,999$5,551$2,979$1,561$64
47 years$16,663$9,542$5,216$2,752$1,417$54
48 years$16,130$9,109$4,901$2,543$1,287$45
49 years$15,621$8,699$4,607$2,351$1,169$38
50 years$15,133$8,309$4,331$2,173$1,062$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,500,000, adding $3,346 every year, while hoping to spend $33,966 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: 51/35/14 Blend
58$15,500,000$15,500,000$15,500,000$15,500,000
59$17,084,451$16,262,951$16,022,701$17,890,816
60$18,790,926$17,023,696$16,523,322$19,204,555
61$20,670,322$17,820,580$17,039,576$20,628,170
62$22,740,243$18,655,336$17,571,949$22,175,103
63$25,020,084$19,529,784$18,120,946$23,856,997
64$27,531,220$20,445,830$18,687,085$25,686,639
65$30,297,203$21,405,474$19,270,901$27,678,078
66$33,343,987$22,410,812$19,872,945$29,846,749
67$36,700,171$23,464,039$20,493,786$32,209,615
68$40,397,272$24,567,461$21,134,012$34,785,319
69$44,470,018$25,723,491$21,794,225$37,594,354
70$48,956,680$26,934,661$22,475,051$40,659,249
71$53,899,428$28,203,627$23,177,133$44,004,772
72$59,344,736$29,533,170$23,901,133$47,658,159
73$65,343,813$30,926,210$24,647,735$51,649,363
74$71,953,092$32,385,805$25,417,645$56,011,325
75$79,234,761$33,915,162$26,211,589$60,780,277
76$87,257,347$35,517,646$27,030,317$65,996,079
77$96,096,367$37,196,781$27,874,604$71,702,577
78$105,835,038$38,956,265$28,745,245$77,948,015
79$116,565,065$40,799,975$29,643,063$84,785,475
80$128,387,501$42,731,974$30,568,906$92,273,366
81$141,413,710$44,756,524$31,523,648$100,475,967
82$155,766,408$46,878,094$32,508,190$109,464,020
83$171,580,830$49,101,368$33,523,462$119,315,382
84$189,005,999$51,431,259$34,570,423$130,115,752
85$208,206,139$53,872,919$35,650,060$141,959,460
86$229,362,222$56,431,749$36,763,393$154,950,346
87$252,673,675$59,113,411$37,911,474$169,202,726
88$278,360,266$61,923,845$39,095,384$184,842,449
89$306,664,177$64,869,277$40,316,243$202,008,075
90$337,852,289$67,956,237$41,575,203$220,852,160
91$372,218,701$71,191,571$42,873,451$241,542,681
92$410,087,510$74,582,460$44,212,213$264,264,599
93$451,815,866$78,136,430$45,592,752$289,221,587
94$497,797,347$81,861,378$47,016,372$316,637,930
95$548,465,671$85,765,580$48,484,415$346,760,622
96$604,298,793$89,857,717$49,998,267$379,861,670
97$665,823,417$94,146,892$51,559,356$416,240,640
98$733,619,966$98,642,650$53,169,155$456,227,461
99$808,328,064$103,355,002$54,829,183$500,185,509
100$890,652,571$108,294,442$56,541,006$548,515,010