Can I retire at age 59 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,218,351
2 years$637,739$625,862$614,351$603,190$592,365$566,675
3 years$420,936$409,008$397,526$386,470$375,821$350,857
4 years$312,556$300,664$289,297$278,430$268,038$243,994
5 years$247,545$235,724$224,506$213,861$203,758$180,700
6 years$204,218$192,487$181,434$171,026$161,227$139,181
7 years$173,283$161,650$150,773$140,610$131,121$110,091
8 years$150,092$138,564$127,867$117,954$108,777$88,757
9 years$132,064$120,645$110,132$100,471$91,606$72,582
10 years$117,650$106,342$96,016$86,607$78,053$60,006
11 years$105,864$94,670$84,531$75,374$67,128$50,036
12 years$96,050$84,971$75,019$66,113$58,172$42,010
13 years$87,752$76,789$67,024$58,368$50,727$35,467
14 years$80,646$69,799$60,222$51,813$44,467$30,079
15 years$74,493$63,763$54,372$46,208$39,152$25,606
16 years$69,114$58,501$49,296$41,374$34,603$21,867
17 years$64,373$53,877$44,858$37,174$30,681$18,722
18 years$60,163$49,785$40,949$33,501$27,280$16,066
19 years$56,401$46,140$37,487$30,271$24,316$13,812
20 years$53,019$42,876$34,404$27,417$21,719$11,893
21 years$49,964$39,937$31,645$24,882$19,436$10,255
22 years$47,190$37,280$29,166$22,624$17,422$8,852
23 years$44,661$34,867$26,929$20,604$15,639$7,649
24 years$42,346$32,668$24,905$18,792$14,057$6,615
25 years$40,219$30,657$23,067$17,162$12,649$5,726
26 years$38,260$28,813$21,394$15,692$11,394$4,958
27 years$36,448$27,116$19,866$14,363$10,272$4,296
28 years$34,769$25,552$18,468$13,160$9,269$3,725
29 years$33,209$24,105$17,186$12,068$8,369$3,230
30 years$31,755$22,765$16,008$11,075$7,562$2,802
31 years$30,398$21,520$14,924$10,172$6,837$2,432
32 years$29,128$20,362$13,924$9,348$6,185$2,111
33 years$27,937$19,284$13,001$8,596$5,597$1,833
34 years$26,819$18,277$12,147$7,909$5,068$1,592
35 years$25,768$17,335$11,357$7,281$4,590$1,383
36 years$24,776$16,453$10,624$6,706$4,159$1,201
37 years$23,841$15,627$9,944$6,178$3,769$1,044
38 years$22,957$14,851$9,312$5,695$3,417$907
39 years$22,120$14,122$8,725$5,251$3,099$788
40 years$21,328$13,436$8,177$4,843$2,811$685
41 years$20,576$12,790$7,668$4,468$2,550$595
42 years$19,861$12,181$7,193$4,124$2,314$517
43 years$19,182$11,606$6,749$3,807$2,100$450
44 years$18,535$11,063$6,335$3,515$1,906$391
45 years$17,919$10,549$5,949$3,246$1,730$340
46 years$17,331$10,063$5,587$2,998$1,571$295
47 years$16,770$9,604$5,249$2,770$1,427$257
48 years$16,234$9,168$4,933$2,560$1,296$223
49 years$15,722$8,755$4,636$2,366$1,177$194
50 years$15,231$8,363$4,359$2,187$1,069$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,600,000, adding $6,903 every year, while hoping to spend $34,167 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: 54/21/25 Blend
58$15,600,000$15,600,000$15,600,000$15,600,000
59$17,198,320$16,371,520$16,129,720$18,007,850
60$18,916,196$17,137,372$16,633,713$19,332,258
61$20,808,149$17,939,604$17,153,443$20,769,215
62$22,891,901$18,779,965$17,689,404$22,332,903
63$25,186,976$19,660,285$18,242,101$24,035,475
64$27,714,893$20,582,484$18,812,056$25,890,294
65$30,499,361$21,548,575$19,399,809$27,912,051
66$33,566,507$22,560,666$20,005,914$30,116,903
67$36,945,123$23,620,971$20,630,944$32,522,618
68$40,666,934$24,731,808$21,275,490$35,148,740
69$44,766,903$25,895,608$21,940,161$38,016,765
70$49,283,555$27,114,921$22,625,584$41,150,345
71$54,259,344$28,392,418$23,332,407$44,575,498
72$59,741,053$29,730,902$24,061,299$48,320,854
73$65,780,235$31,133,311$24,812,946$52,417,916
74$72,433,699$32,602,723$25,588,060$56,901,353
75$79,764,049$34,142,369$26,387,373$61,809,319
76$87,840,271$35,755,635$27,211,639$67,183,808
77$96,738,387$37,446,069$28,061,637$73,071,042
78$106,542,171$39,217,394$28,938,170$79,521,900
79$117,343,939$41,073,514$29,842,066$86,592,392
80$129,245,424$43,018,518$30,774,178$94,344,179
81$142,358,730$45,056,699$31,735,386$102,845,146
82$156,807,397$47,192,554$32,726,598$112,170,033
83$172,727,563$49,430,801$33,748,751$122,401,134
84$190,269,249$51,776,384$34,802,808$133,629,063
85$209,597,776$54,234,491$35,889,766$145,953,600
86$230,895,327$56,810,558$37,010,651$159,484,620
87$254,362,663$59,510,288$38,166,520$174,343,123
88$280,221,021$62,339,659$39,358,465$190,662,361
89$308,714,203$65,304,941$40,587,612$208,589,088
90$340,110,875$68,412,706$41,855,120$228,284,929
91$374,707,104$71,669,848$43,162,186$249,927,896
92$412,829,153$75,083,595$44,510,044$273,714,053
93$454,836,562$78,661,526$45,899,965$299,859,353
94$501,125,539$82,411,589$47,333,262$328,601,662
95$552,132,706$86,342,118$48,811,288$360,202,990
96$608,339,212$90,461,853$50,335,437$394,951,946
97$670,275,285$94,779,957$51,907,147$433,166,448
98$738,525,230$99,306,041$53,527,902$475,196,705
99$813,732,948$104,050,181$55,199,232$521,428,505
100$896,608,015$109,022,946$56,922,712$572,286,837