Can I retire at age 59 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,236,499
2 years$645,915$633,886$622,227$610,924$599,959$576,457
3 years$426,333$414,251$402,622$391,425$380,639$357,781
4 years$316,563$304,519$293,006$281,999$271,475$249,438
5 years$250,719$238,746$227,385$216,603$206,371$185,217
6 years$206,836$194,954$183,761$173,219$163,294$143,048
7 years$175,504$163,722$152,706$142,413$132,802$113,468
8 years$152,016$140,340$129,507$119,467$110,172$91,746
9 years$133,757$122,191$111,544$101,759$92,781$75,251
10 years$119,158$107,706$97,247$87,717$79,054$62,405
11 years$107,222$95,884$85,614$76,340$67,989$52,201
12 years$97,282$86,060$75,981$66,961$58,918$43,969
13 years$88,877$77,773$67,884$59,116$51,377$37,244
14 years$81,680$70,694$60,994$52,477$45,037$31,694
15 years$75,448$64,580$55,069$46,800$39,654$27,074
16 years$70,000$59,251$49,928$41,904$35,047$23,202
17 years$65,198$54,568$45,433$37,651$31,075$19,937
18 years$60,935$50,423$41,474$33,931$27,630$17,170
19 years$57,124$46,732$37,968$30,659$24,627$14,816
20 years$53,699$43,425$34,845$27,768$21,998$12,806
21 years$50,604$40,449$32,051$25,201$19,685$11,084
22 years$47,795$37,758$29,540$22,914$17,645$9,605
23 years$45,233$35,314$27,275$20,868$15,839$8,332
24 years$42,889$33,087$25,224$19,033$14,237$7,235
25 years$40,735$31,051$23,363$17,382$12,811$6,286
26 years$38,750$29,182$21,668$15,893$11,540$5,466
27 years$36,915$27,464$20,120$14,547$10,404$4,755
28 years$35,215$25,879$18,705$13,328$9,388$4,139
29 years$33,634$24,414$17,406$12,222$8,477$3,605
30 years$32,162$23,057$16,213$11,217$7,659$3,140
31 years$30,787$21,796$15,115$10,302$6,925$2,736
32 years$29,501$20,624$14,103$9,468$6,264$2,385
33 years$28,295$19,531$13,168$8,707$5,669$2,080
34 years$27,163$18,511$12,303$8,011$5,133$1,814
35 years$26,098$17,557$11,503$7,374$4,649$1,582
36 years$25,094$16,664$10,760$6,792$4,212$1,380
37 years$24,147$15,827$10,072$6,258$3,817$1,204
38 years$23,251$15,042$9,432$5,768$3,461$1,051
39 years$22,404$14,303$8,836$5,318$3,138$917
40 years$21,601$13,608$8,282$4,905$2,847$800
41 years$20,839$12,954$7,766$4,526$2,583$699
42 years$20,116$12,337$7,285$4,177$2,343$610
43 years$19,428$11,754$6,836$3,856$2,127$532
44 years$18,773$11,204$6,417$3,560$1,930$465
45 years$18,149$10,684$6,025$3,288$1,753$406
46 years$17,553$10,192$5,659$3,037$1,591$354
47 years$16,985$9,727$5,316$2,806$1,445$309
48 years$16,442$9,285$4,996$2,593$1,312$270
49 years$15,923$8,867$4,696$2,396$1,192$236
50 years$15,426$8,470$4,415$2,215$1,082$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,800,000, adding $5,479 every year, while hoping to spend $33,149 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: 71/24/5 Blend
58$15,800,000$15,800,000$15,800,000$15,800,000
59$17,417,252$16,579,852$16,334,952$18,645,373
60$19,158,541$17,356,994$16,846,902$20,233,414
61$21,076,331$18,171,105$17,374,892$21,966,271
62$23,188,589$19,023,962$17,919,424$23,861,897
63$25,515,116$19,917,427$18,481,015$25,936,278
64$28,077,729$20,853,452$19,060,200$28,207,006
65$30,900,471$21,834,085$19,657,530$30,693,435
66$34,009,835$22,861,471$20,273,574$33,416,863
67$37,435,016$23,937,861$20,908,916$36,400,732
68$41,208,185$25,065,614$21,564,163$39,670,836
69$45,364,794$26,247,202$22,239,936$43,255,569
70$49,943,908$27,485,220$22,936,878$47,186,184
71$54,988,576$28,782,386$23,655,654$51,497,080
72$60,546,238$30,141,550$24,396,945$56,226,130
73$66,669,169$31,565,701$25,161,458$61,415,022
74$73,414,977$33,057,973$25,949,919$67,109,658
75$80,847,142$34,621,651$26,763,079$73,360,572
76$89,035,619$36,260,180$27,601,710$80,223,404
77$98,057,495$37,977,172$28,466,611$87,759,421
78$107,997,721$39,776,415$29,358,604$96,036,085
79$118,949,908$41,661,879$30,278,536$105,127,684
80$131,017,215$43,637,727$31,227,284$115,116,024
81$144,313,322$45,708,327$32,205,749$126,091,198
82$158,963,501$47,878,255$33,214,861$138,152,420
83$175,105,799$50,152,311$34,255,581$151,408,962
84$192,892,345$52,535,528$35,328,897$165,981,169
85$212,490,780$55,033,185$36,435,831$182,001,588
86$234,085,843$57,650,814$37,577,434$199,616,211
87$257,881,114$60,394,219$38,754,793$218,985,840
88$284,100,936$63,269,484$39,969,027$240,287,595
89$312,992,532$66,282,989$41,221,290$263,716,576
90$344,828,339$69,441,425$42,512,773$289,487,688
91$379,908,582$72,751,807$43,844,703$317,837,663
92$418,564,104$76,221,493$45,218,347$349,027,277
93$461,159,492$79,858,195$46,635,011$383,343,800
94$508,096,518$83,670,004$48,096,041$421,103,693
95$559,817,931$87,665,403$49,602,827$462,655,580
96$616,811,639$91,853,286$51,156,801$508,383,522
97$679,615,312$96,242,983$52,759,439$558,710,629
98$748,821,459$100,844,274$54,412,266$614,103,035
99$825,083,023$105,667,419$56,116,852$675,074,277
100$909,119,542$110,723,173$57,874,817$742,190,130