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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,210,412
2 years$641,827$629,874$618,289$607,057$596,162$554,726
3 years$423,635$411,630$400,074$388,947$378,230$338,187
4 years$314,560$302,591$291,151$280,215$269,757$231,413
5 years$249,132$237,235$225,945$215,232$205,065$168,523
6 years$205,527$193,720$182,598$172,122$162,261$127,550
7 years$174,394$162,686$151,739$141,511$131,961$99,078
8 years$151,054$139,452$128,687$118,710$109,475$78,393
9 years$132,910$121,418$110,838$101,115$92,194$62,877
10 years$118,404$107,024$96,631$87,162$78,553$50,956
11 years$106,543$95,277$85,073$75,857$67,559$41,628
12 years$96,666$85,516$75,500$66,537$58,545$34,222
13 years$88,315$77,281$67,454$58,742$51,052$28,276
14 years$81,163$70,247$60,608$52,145$44,752$23,459
15 years$74,970$64,171$54,721$46,504$39,403$19,527
16 years$69,557$58,876$49,612$41,639$34,825$16,298
17 years$64,785$54,223$45,145$37,412$30,878$13,633
18 years$60,549$50,104$41,212$33,716$27,455$11,425
19 years$56,763$46,436$37,727$30,465$24,472$9,589
20 years$53,359$43,151$34,624$27,592$21,858$8,059
21 years$50,284$40,193$31,848$25,042$19,561$6,780
22 years$47,492$37,519$29,353$22,769$17,533$5,709
23 years$44,947$35,091$27,102$20,736$15,739$4,810
24 years$42,617$32,878$25,065$18,912$14,147$4,056
25 years$40,477$30,854$23,215$17,272$12,730$3,422
26 years$38,505$28,998$21,531$15,792$11,467$2,888
27 years$36,682$27,290$19,993$14,455$10,338$2,438
28 years$34,992$25,716$18,586$13,244$9,328$2,059
29 years$33,421$24,260$17,296$12,145$8,423$1,740
30 years$31,958$22,911$16,111$11,146$7,611$1,470
31 years$30,592$21,658$15,019$10,237$6,881$1,243
32 years$29,314$20,493$14,013$9,408$6,224$1,050
33 years$28,116$19,407$13,084$8,651$5,633$888
34 years$26,991$18,394$12,225$7,960$5,100$751
35 years$25,933$17,446$11,430$7,328$4,619$635
36 years$24,935$16,559$10,692$6,749$4,185$537
37 years$23,994$15,727$10,008$6,218$3,793$454
38 years$23,104$14,946$9,372$5,731$3,439$384
39 years$22,262$14,213$8,780$5,284$3,119$325
40 years$21,464$13,522$8,230$4,874$2,829$275
41 years$20,707$12,872$7,717$4,497$2,566$232
42 years$19,988$12,259$7,239$4,150$2,329$197
43 years$19,305$11,680$6,793$3,831$2,113$166
44 years$18,654$11,133$6,376$3,537$1,918$141
45 years$18,034$10,617$5,987$3,267$1,741$119
46 years$17,442$10,128$5,623$3,018$1,581$101
47 years$16,878$9,665$5,283$2,788$1,436$85
48 years$16,338$9,227$4,964$2,576$1,304$72
49 years$15,822$8,811$4,666$2,381$1,184$61
50 years$15,329$8,417$4,387$2,201$1,076$52

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 $4,970 every year, while hoping to spend $37,747 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: 28/46/26 Blend
58$15,700,000$15,700,000$15,700,000$15,700,000
59$17,306,527$16,474,427$16,231,077$17,650,818
60$19,031,630$17,241,511$16,734,655$18,691,290
61$20,931,428$18,044,917$17,253,838$19,804,753
62$23,023,701$18,886,386$17,789,109$21,000,297
63$25,328,040$19,767,740$18,340,966$22,284,983
64$27,866,033$20,690,892$18,909,921$23,666,531
65$30,661,469$21,657,846$19,496,504$25,153,391
66$33,740,562$22,670,704$20,101,260$26,754,813
67$37,132,199$23,731,668$20,724,752$28,480,923
68$40,868,211$24,843,047$21,367,559$30,342,815
69$44,983,675$26,007,263$22,030,278$32,352,639
70$49,517,243$27,226,852$22,713,526$34,523,713
71$54,511,511$28,504,477$23,417,938$36,870,635
72$60,013,414$29,842,925$24,144,168$39,409,409
73$66,074,676$31,245,122$24,892,891$42,157,587
74$72,752,293$32,714,133$25,664,803$45,134,423
75$80,109,074$34,253,173$26,460,621$48,361,041
76$88,214,232$35,865,611$27,281,085$51,860,621
77$97,144,039$37,554,981$28,126,956$55,658,609
78$106,982,542$39,324,986$28,999,020$59,782,937
79$117,822,362$41,179,511$29,898,088$64,264,275
80$129,765,562$43,122,627$30,824,993$69,136,305
81$142,924,617$45,158,603$31,780,598$74,436,024
82$157,423,469$47,291,915$32,765,789$80,204,074
83$173,398,700$49,527,257$33,781,481$86,485,109
84$191,000,824$51,869,549$34,828,616$93,328,200
85$210,395,701$54,323,950$35,908,168$100,787,276
86$231,766,108$56,895,869$37,021,137$108,921,613
87$255,313,464$59,590,979$38,168,558$117,796,376
88$281,259,727$62,415,226$39,351,494$127,483,209
89$309,849,493$65,374,847$40,571,044$138,060,888
90$341,352,306$68,476,379$41,828,339$149,616,043
91$376,065,199$71,726,679$43,124,545$162,243,949
92$414,315,497$75,132,935$44,460,865$176,049,396
93$456,463,913$78,702,683$45,838,539$191,147,656
94$502,907,947$82,443,829$47,258,845$207,665,541
95$554,085,640$86,364,660$48,723,099$225,742,565
96$610,479,712$90,473,865$50,232,660$245,532,234
97$672,622,116$94,780,558$51,788,927$267,203,461
98$741,099,060$99,294,293$53,393,344$290,942,125
99$816,556,540$104,025,090$55,047,398$316,952,791
100$899,706,443$108,983,455$56,752,621$345,460,599