Can I retire at age 59 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,216,743
2 years$641,827$629,874$618,289$607,057$596,162$560,969
3 years$423,635$411,630$400,074$388,947$378,230$344,144
4 years$314,560$302,591$291,151$280,215$269,757$237,040
5 years$249,132$237,235$225,945$215,232$205,065$173,806
6 years$205,527$193,720$182,598$172,122$162,261$132,490
7 years$174,394$162,686$151,739$141,511$131,961$103,679
8 years$151,054$139,452$128,687$118,710$109,475$82,665
9 years$132,910$121,418$110,838$101,115$92,194$66,830
10 years$118,404$107,024$96,631$87,162$78,553$54,603
11 years$106,543$95,277$85,073$75,857$67,559$44,982
12 years$96,666$85,516$75,500$66,537$58,545$37,300
13 years$88,315$77,281$67,454$58,742$51,052$31,092
14 years$81,163$70,247$60,608$52,145$44,752$26,028
15 years$74,970$64,171$54,721$46,504$39,403$21,865
16 years$69,557$58,876$49,612$41,639$34,825$18,421
17 years$64,785$54,223$45,145$37,412$30,878$15,556
18 years$60,549$50,104$41,212$33,716$27,455$13,164
19 years$56,763$46,436$37,727$30,465$24,472$11,157
20 years$53,359$43,151$34,624$27,592$21,858$9,470
21 years$50,284$40,193$31,848$25,042$19,561$8,047
22 years$47,492$37,519$29,353$22,769$17,533$6,845
23 years$44,947$35,091$27,102$20,736$15,739$5,828
24 years$42,617$32,878$25,065$18,912$14,147$4,965
25 years$40,477$30,854$23,215$17,272$12,730$4,232
26 years$38,505$28,998$21,531$15,792$11,467$3,610
27 years$36,682$27,290$19,993$14,455$10,338$3,080
28 years$34,992$25,716$18,586$13,244$9,328$2,629
29 years$33,421$24,260$17,296$12,145$8,423$2,245
30 years$31,958$22,911$16,111$11,146$7,611$1,917
31 years$30,592$21,658$15,019$10,237$6,881$1,638
32 years$29,314$20,493$14,013$9,408$6,224$1,399
33 years$28,116$19,407$13,084$8,651$5,633$1,196
34 years$26,991$18,394$12,225$7,960$5,100$1,022
35 years$25,933$17,446$11,430$7,328$4,619$874
36 years$24,935$16,559$10,692$6,749$4,185$747
37 years$23,994$15,727$10,008$6,218$3,793$639
38 years$23,104$14,946$9,372$5,731$3,439$546
39 years$22,262$14,213$8,780$5,284$3,119$467
40 years$21,464$13,522$8,230$4,874$2,829$399
41 years$20,707$12,872$7,717$4,497$2,566$342
42 years$19,988$12,259$7,239$4,150$2,329$292
43 years$19,305$11,680$6,793$3,831$2,113$250
44 years$18,654$11,133$6,376$3,537$1,918$214
45 years$18,034$10,617$5,987$3,267$1,741$183
46 years$17,442$10,128$5,623$3,018$1,581$156
47 years$16,878$9,665$5,283$2,788$1,436$134
48 years$16,338$9,227$4,964$2,576$1,304$114
49 years$15,822$8,811$4,666$2,381$1,184$98
50 years$15,329$8,417$4,387$2,201$1,076$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,700,000, adding $3,218 every year, while hoping to spend $33,113 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: 56/26/18 Blend
58$15,700,000$15,700,000$15,700,000$15,700,000
59$17,304,719$16,472,619$16,229,269$18,190,710
60$19,034,569$17,244,546$16,737,718$19,566,282
61$20,939,753$18,053,187$17,262,090$21,060,191
62$23,038,121$18,900,306$17,802,883$22,686,870
63$25,349,342$19,787,754$18,360,612$24,459,057
64$27,895,090$20,717,468$18,935,807$26,390,755
65$30,699,247$21,691,483$19,529,015$28,497,359
66$33,788,133$22,711,928$20,140,799$30,795,797
67$37,190,748$23,781,037$20,771,742$33,304,683
68$40,939,050$24,901,155$21,422,442$36,044,491
69$45,068,258$26,074,736$22,093,518$39,037,738
70$49,617,177$27,304,355$22,785,608$42,309,195
71$54,628,573$28,592,712$23,499,369$45,886,110
72$60,149,570$29,942,638$24,235,481$49,798,463
73$66,232,099$31,357,099$24,994,642$54,079,243
74$72,933,384$32,839,209$25,777,574$58,764,746
75$80,316,488$34,392,228$26,585,021$63,894,916
76$88,450,901$36,019,579$27,417,750$69,513,716
77$97,413,201$37,724,846$28,276,553$75,669,527
78$107,287,776$39,511,792$29,162,246$82,415,604
79$118,167,617$41,384,358$30,075,670$89,810,567
80$130,155,202$43,346,680$31,017,693$97,918,945
81$143,363,457$45,403,091$31,989,209$106,811,777
82$157,916,825$47,558,138$32,991,144$116,567,270
83$173,952,441$49,816,587$34,024,447$127,271,531
84$191,621,425$52,183,435$35,090,101$139,019,364
85$211,090,310$54,663,922$36,189,118$151,915,157
86$232,542,610$57,263,543$37,322,543$166,073,856
87$256,180,560$59,988,060$38,491,451$181,622,033
88$282,227,017$62,843,515$39,696,954$198,699,073
89$310,927,567$65,836,241$40,940,197$217,458,474
90$342,552,845$68,972,884$42,222,360$238,069,281
91$377,401,088$72,260,408$43,544,662$260,717,670
92$415,800,949$75,706,118$44,908,358$285,608,683
93$458,114,602$79,317,673$46,314,744$312,968,157
94$504,741,158$83,103,107$47,765,155$343,044,832
95$556,120,438$87,070,841$49,260,970$376,112,681
96$612,737,119$91,229,708$50,803,608$412,473,483
97$675,125,311$95,588,970$52,394,535$452,459,646
98$743,873,603$100,158,339$54,035,262$496,437,332
99$819,630,614$104,948,001$55,727,346$544,809,883
100$903,111,120$109,968,637$57,472,396$598,021,615