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

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,214,516
2 years$633,651$621,850$610,413$599,324$588,568$567,001
3 years$418,238$406,386$394,978$383,993$373,411$352,426
4 years$310,552$298,737$287,443$276,645$266,320$246,077
5 years$245,958$234,213$223,067$212,490$202,452$183,009
6 years$202,909$191,253$180,271$169,930$160,194$141,573
7 years$172,172$160,614$149,806$139,709$130,280$112,487
8 years$149,130$137,676$127,048$117,198$108,080$91,111
9 years$131,217$119,871$109,426$99,827$91,019$74,864
10 years$116,896$105,661$95,400$86,052$77,553$62,198
11 years$105,186$94,064$83,989$74,891$66,698$52,127
12 years$95,434$84,426$74,538$65,689$57,799$43,992
13 years$87,190$76,297$66,595$57,994$50,402$37,337
14 years$80,129$69,352$59,836$51,480$44,182$31,838
15 years$74,015$63,354$54,024$45,911$38,901$27,253
16 years$68,671$58,126$48,980$41,109$34,381$23,405
17 years$63,960$53,532$44,570$36,936$30,485$20,154
18 years$59,778$49,466$40,687$33,287$27,106$17,395
19 years$56,040$45,845$37,247$30,077$24,160$15,044
20 years$52,680$42,601$34,183$27,241$21,580$13,032
21 years$49,644$39,681$31,442$24,723$19,312$11,305
22 years$46,887$37,041$28,979$22,479$17,310$9,819
23 years$44,374$34,644$26,757$20,472$15,539$8,538
24 years$42,074$32,459$24,745$18,671$13,966$7,431
25 years$39,961$30,461$22,919$17,052$12,568$6,472
26 years$38,014$28,628$21,256$15,591$11,320$5,641
27 years$36,214$26,943$19,738$14,271$10,206$4,920
28 years$34,546$25,388$18,349$13,075$9,209$4,293
29 years$32,996$23,951$17,076$11,990$8,316$3,747
30 years$31,551$22,619$15,905$11,004$7,514$3,272
31 years$30,203$21,382$14,828$10,106$6,793$2,859
32 years$28,941$20,232$13,835$9,288$6,145$2,498
33 years$27,758$19,160$12,918$8,541$5,561$2,184
34 years$26,647$18,159$12,070$7,859$5,035$1,909
35 years$25,602$17,224$11,284$7,234$4,560$1,669
36 years$24,618$16,348$10,556$6,663$4,132$1,460
37 years$23,688$15,527$9,880$6,139$3,745$1,277
38 years$22,810$14,756$9,252$5,658$3,395$1,117
39 years$21,979$14,031$8,669$5,217$3,079$978
40 years$21,191$13,350$8,125$4,812$2,793$855
41 years$20,444$12,708$7,619$4,440$2,534$749
42 years$19,734$12,102$7,147$4,097$2,299$655
43 years$19,059$11,531$6,706$3,782$2,086$573
44 years$18,416$10,992$6,295$3,492$1,894$502
45 years$17,804$10,482$5,911$3,225$1,719$439
46 years$17,220$9,999$5,551$2,979$1,561$385
47 years$16,663$9,542$5,216$2,752$1,417$337
48 years$16,130$9,109$4,901$2,543$1,287$295
49 years$15,621$8,699$4,607$2,351$1,169$258
50 years$15,133$8,309$4,331$2,173$1,062$226

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 $4,434 every year, while hoping to spend $53,669 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: 61/29/10 Blend
58$15,500,000$15,500,000$15,500,000$15,500,000
59$17,085,574$16,264,074$16,023,824$18,088,655
60$18,771,199$17,003,910$16,503,518$19,501,329
61$20,626,959$17,778,199$16,997,484$21,035,550
62$22,670,151$18,588,573$17,506,142$22,708,266
63$24,919,835$19,436,742$18,029,927$24,532,856
64$27,397,013$20,324,497$18,569,283$26,524,028
65$30,124,826$21,253,715$19,124,673$28,697,958
66$33,128,776$22,226,365$19,696,567$31,072,436
67$36,436,962$23,244,508$20,285,453$33,667,028
68$40,080,348$24,310,305$20,891,831$36,503,259
69$44,093,054$25,426,020$21,516,218$39,604,806
70$48,512,679$26,594,028$22,159,145$42,997,722
71$53,380,652$27,816,816$22,821,156$46,710,670
72$58,742,629$29,096,990$23,502,815$50,775,191
73$64,648,917$30,437,282$24,204,699$55,225,994
74$71,154,955$31,840,557$24,927,405$60,101,280
75$78,321,831$33,309,816$25,671,544$65,443,089
76$86,216,865$34,848,204$26,437,748$71,297,698
77$94,914,238$36,459,019$27,226,665$77,716,042
78$104,495,696$38,145,716$28,038,964$84,754,193
79$115,051,318$39,911,918$28,875,331$92,473,880
80$126,680,372$41,761,421$29,736,473$100,943,057
81$139,492,244$43,698,205$30,623,120$110,236,545
82$153,607,477$45,726,441$31,536,018$120,436,720
83$169,158,906$47,850,502$32,475,940$131,634,286
84$186,292,909$50,074,971$33,443,679$143,929,120
85$205,170,794$52,404,653$34,440,051$157,431,202
86$225,970,317$54,844,584$35,465,895$172,261,641
87$248,887,363$57,400,042$36,522,076$188,553,812
88$274,137,792$60,076,562$37,609,484$206,454,595
89$301,959,479$62,879,945$38,729,033$226,125,753
90$332,614,555$65,816,273$39,881,665$247,745,446
91$366,391,889$68,891,919$41,068,350$271,509,896
92$403,609,806$72,113,567$42,290,084$297,635,223
93$444,619,098$75,488,224$43,547,894$326,359,475
94$489,806,332$79,023,233$44,842,834$357,944,854
95$539,597,501$82,726,294$46,175,992$392,680,176
96$594,462,043$86,605,479$47,548,485$430,883,577
97$654,917,274$90,669,251$48,961,462$472,905,502
98$721,533,273$94,926,481$50,416,107$519,131,990
99$794,938,258$99,386,469$51,913,638$569,988,299
100$875,824,522$104,058,968$53,455,307$625,942,896