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%15.2%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,225,160
2 years$641,827$629,874$618,289$607,057$596,162$569,312
3 years$423,635$411,630$400,074$388,947$378,230$352,148
4 years$314,560$302,591$291,151$280,215$269,757$244,644
5 years$249,132$237,235$225,945$215,232$205,065$180,992
6 years$205,527$193,720$182,598$172,122$162,261$139,254
7 years$174,394$162,686$151,739$141,511$131,961$110,024
8 years$151,054$139,452$128,687$118,710$109,475$88,601
9 years$132,910$121,418$110,838$101,115$92,194$72,367
10 years$118,404$107,024$96,631$87,162$78,553$59,755
11 years$106,543$95,277$85,073$75,857$67,559$49,764
12 years$96,666$85,516$75,500$66,537$58,545$41,726
13 years$88,315$77,281$67,454$58,742$51,052$35,181
14 years$81,163$70,247$60,608$52,145$44,752$29,796
15 years$74,970$64,171$54,721$46,504$39,403$25,330
16 years$69,557$58,876$49,612$41,639$34,825$21,600
17 years$64,785$54,223$45,145$37,412$30,878$18,468
18 years$60,549$50,104$41,212$33,716$27,455$15,824
19 years$56,763$46,436$37,727$30,465$24,472$13,584
20 years$53,359$43,151$34,624$27,592$21,858$11,679
21 years$50,284$40,193$31,848$25,042$19,561$10,055
22 years$47,492$37,519$29,353$22,769$17,533$8,666
23 years$44,947$35,091$27,102$20,736$15,739$7,477
24 years$42,617$32,878$25,065$18,912$14,147$6,456
25 years$40,477$30,854$23,215$17,272$12,730$5,579
26 years$38,505$28,998$21,531$15,792$11,467$4,824
27 years$36,682$27,290$19,993$14,455$10,338$4,173
28 years$34,992$25,716$18,586$13,244$9,328$3,612
29 years$33,421$24,260$17,296$12,145$8,423$3,127
30 years$31,958$22,911$16,111$11,146$7,611$2,709
31 years$30,592$21,658$15,019$10,237$6,881$2,347
32 years$29,314$20,493$14,013$9,408$6,224$2,034
33 years$28,116$19,407$13,084$8,651$5,633$1,763
34 years$26,991$18,394$12,225$7,960$5,100$1,528
35 years$25,933$17,446$11,430$7,328$4,619$1,325
36 years$24,935$16,559$10,692$6,749$4,185$1,149
37 years$23,994$15,727$10,008$6,218$3,793$997
38 years$23,104$14,946$9,372$5,731$3,439$865
39 years$22,262$14,213$8,780$5,284$3,119$750
40 years$21,464$13,522$8,230$4,874$2,829$651
41 years$20,707$12,872$7,717$4,497$2,566$565
42 years$19,988$12,259$7,239$4,150$2,329$490
43 years$19,305$11,680$6,793$3,831$2,113$425
44 years$18,654$11,133$6,376$3,537$1,918$369
45 years$18,034$10,617$5,987$3,267$1,741$320
46 years$17,442$10,128$5,623$3,018$1,581$278
47 years$16,878$9,665$5,283$2,788$1,436$241
48 years$16,338$9,227$4,964$2,576$1,304$209
49 years$15,822$8,811$4,666$2,381$1,184$182
50 years$15,329$8,417$4,387$2,201$1,076$158

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 $5,792 every year, while hoping to spend $50,190 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: 43/44/13 Blend
58$15,700,000$15,700,000$15,700,000$15,700,000
59$17,307,374$16,475,274$16,231,924$17,986,023
60$19,019,325$17,229,161$16,722,292$19,215,239
61$20,904,212$18,018,306$17,227,405$20,540,631
62$22,979,623$18,844,384$17,747,704$21,975,395
63$25,264,935$19,709,150$18,283,643$23,529,586
64$27,781,504$20,614,443$18,835,690$25,214,233
65$30,552,858$21,562,192$19,404,326$27,041,442
66$33,604,925$22,554,415$19,990,048$29,024,497
67$36,966,278$23,593,232$20,593,364$31,177,984
68$40,668,398$24,680,860$21,214,802$33,517,915
69$44,745,979$25,819,627$21,854,902$36,061,878
70$49,237,249$27,011,969$22,514,222$38,829,187
71$54,184,336$28,260,442$23,193,335$41,841,060
72$59,633,658$29,567,724$23,892,832$45,120,812
73$65,636,371$30,936,622$24,613,322$48,694,058
74$72,248,844$32,370,079$25,355,431$52,588,952
75$79,533,192$33,871,179$26,119,804$56,836,439
76$87,557,864$35,443,154$26,907,104$61,470,536
77$96,398,291$37,089,393$27,718,016$66,528,641
78$106,137,590$38,813,447$28,553,244$72,051,876
79$116,867,359$40,619,040$29,413,512$78,085,460
80$128,688,532$42,510,075$30,299,567$84,679,125
81$141,712,336$44,490,643$31,212,176$91,887,568
82$156,061,342$46,565,032$32,152,132$99,770,956
83$171,870,619$48,737,739$33,120,248$108,395,477
84$189,289,009$51,013,475$34,117,363$117,833,951
85$208,480,533$53,397,181$35,144,341$128,166,497
86$229,625,941$55,894,036$36,202,069$139,481,274
87$252,924,412$58,509,469$37,291,464$151,875,296
88$278,595,442$61,249,173$38,413,468$165,455,325
89$306,880,908$64,119,113$39,569,050$180,338,864
90$338,047,356$67,125,545$40,759,208$196,655,238
91$372,388,517$70,275,027$41,984,972$214,546,800
92$410,228,076$73,574,434$43,247,400$234,170,249
93$451,922,732$77,030,974$44,547,580$255,698,082
94$497,865,563$80,652,203$45,886,636$279,320,201
95$548,489,733$84,446,044$47,265,721$305,245,680
96$604,272,588$88,420,803$48,686,025$333,704,705
97$665,740,157$92,585,187$50,148,771$364,950,726
98$733,472,118$96,948,326$51,655,220$399,262,813
99$808,107,273$101,519,793$53,206,669$436,948,260
100$890,349,575$106,309,623$54,804,453$478,345,455