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%15.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,223,165
2 years$641,827$629,874$618,289$607,057$596,162$567,331
3 years$423,635$411,630$400,074$388,947$378,230$350,243
4 years$314,560$302,591$291,151$280,215$269,757$242,829
5 years$249,132$237,235$225,945$215,232$205,065$179,273
6 years$205,527$193,720$182,598$172,122$162,261$137,631
7 years$174,394$162,686$151,739$141,511$131,961$108,497
8 years$151,054$139,452$128,687$118,710$109,475$87,167
9 years$132,910$121,418$110,838$101,115$92,194$71,026
10 years$118,404$107,024$96,631$87,162$78,553$58,502
11 years$106,543$95,277$85,073$75,857$67,559$48,597
12 years$96,666$85,516$75,500$66,537$58,545$40,642
13 years$88,315$77,281$67,454$58,742$51,052$34,175
14 years$81,163$70,247$60,608$52,145$44,752$28,866
15 years$74,970$64,171$54,721$46,504$39,403$24,471
16 years$69,557$58,876$49,612$41,639$34,825$20,808
17 years$64,785$54,223$45,145$37,412$30,878$17,739
18 years$60,549$50,104$41,212$33,716$27,455$15,155
19 years$56,763$46,436$37,727$30,465$24,472$12,971
20 years$53,359$43,151$34,624$27,592$21,858$11,119
21 years$50,284$40,193$31,848$25,042$19,561$9,543
22 years$47,492$37,519$29,353$22,769$17,533$8,200
23 years$44,947$35,091$27,102$20,736$15,739$7,052
24 years$42,617$32,878$25,065$18,912$14,147$6,070
25 years$40,477$30,854$23,215$17,272$12,730$5,229
26 years$38,505$28,998$21,531$15,792$11,467$4,507
27 years$36,682$27,290$19,993$14,455$10,338$3,886
28 years$34,992$25,716$18,586$13,244$9,328$3,352
29 years$33,421$24,260$17,296$12,145$8,423$2,893
30 years$31,958$22,911$16,111$11,146$7,611$2,498
31 years$30,592$21,658$15,019$10,237$6,881$2,157
32 years$29,314$20,493$14,013$9,408$6,224$1,863
33 years$28,116$19,407$13,084$8,651$5,633$1,609
34 years$26,991$18,394$12,225$7,960$5,100$1,391
35 years$25,933$17,446$11,430$7,328$4,619$1,202
36 years$24,935$16,559$10,692$6,749$4,185$1,039
37 years$23,994$15,727$10,008$6,218$3,793$898
38 years$23,104$14,946$9,372$5,731$3,439$776
39 years$22,262$14,213$8,780$5,284$3,119$671
40 years$21,464$13,522$8,230$4,874$2,829$580
41 years$20,707$12,872$7,717$4,497$2,566$502
42 years$19,988$12,259$7,239$4,150$2,329$434
43 years$19,305$11,680$6,793$3,831$2,113$375
44 years$18,654$11,133$6,376$3,537$1,918$324
45 years$18,034$10,617$5,987$3,267$1,741$281
46 years$17,442$10,128$5,623$3,018$1,581$243
47 years$16,878$9,665$5,283$2,788$1,436$210
48 years$16,338$9,227$4,964$2,576$1,304$182
49 years$15,822$8,811$4,666$2,381$1,184$157
50 years$15,329$8,417$4,387$2,201$1,076$136

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 $3,682 every year, while hoping to spend $26,735 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: 66/19/15 Blend
58$15,700,000$15,700,000$15,700,000$15,700,000
59$17,305,198$16,473,098$16,229,748$18,385,376
60$19,041,882$17,251,834$16,744,999$19,886,221
61$20,954,812$18,067,832$17,276,614$21,522,657
62$23,061,937$18,922,890$17,825,115$23,310,739
63$25,383,035$19,818,892$18,391,037$25,265,312
64$27,939,902$20,757,814$18,974,933$27,402,708
65$30,756,555$21,741,730$19,577,376$29,740,897
66$33,859,459$22,772,811$20,198,955$32,299,652
67$37,277,781$23,853,336$20,840,277$35,100,734
68$41,043,659$24,985,693$21,501,970$38,168,092
69$45,192,507$26,172,387$22,184,681$41,528,084
70$49,763,354$27,416,045$22,889,079$45,209,721
71$54,799,205$28,719,420$23,615,852$49,244,940
72$60,347,452$30,085,400$24,365,711$53,668,894
73$66,460,321$31,517,013$25,139,391$58,520,287
74$73,195,361$33,017,435$25,937,648$63,841,725
75$80,615,992$34,589,993$26,761,264$69,680,119
76$88,792,101$36,238,180$27,611,043$76,087,120
77$97,800,701$37,965,657$28,487,819$83,119,600
78$107,726,660$39,776,262$29,392,449$90,840,185
79$118,663,501$41,674,020$30,325,817$99,317,833
80$130,714,285$43,663,153$31,288,839$108,628,488
81$143,992,582$45,748,088$32,282,455$118,855,779
82$158,623,547$47,933,466$33,307,639$130,091,809
83$174,745,097$50,224,155$34,365,394$142,438,016
84$192,509,217$52,625,259$35,456,754$156,006,117
85$212,083,392$55,142,130$36,582,790$170,919,161
86$233,652,186$57,780,383$37,744,602$187,312,675
87$257,418,990$60,545,903$38,943,327$205,335,940
88$283,607,939$63,444,864$40,180,140$225,153,383
89$312,466,024$66,483,738$41,456,251$246,946,128
90$344,265,432$69,669,315$42,772,908$270,913,685
91$379,306,108$73,008,712$44,131,402$297,275,830
92$417,918,589$76,509,397$45,533,062$326,274,665
93$460,467,125$80,179,198$46,979,260$358,176,889
94$507,353,119$84,026,326$48,471,412$393,276,305
95$559,018,912$88,059,391$50,010,979$431,896,581
96$615,951,963$92,287,422$51,599,469$474,394,289
97$678,689,448$96,719,891$53,238,436$521,162,257
98$747,823,334$101,366,728$54,929,486$572,633,261
99$824,005,964$106,238,348$56,674,274$629,284,098
100$907,956,219$111,345,674$58,474,509$691,640,066