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%17.3%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,222,522
2 years$645,915$633,886$622,227$610,924$599,959$562,597
3 years$426,333$414,251$402,622$391,425$380,639$344,476
4 years$316,563$304,519$293,006$281,999$271,475$236,790
5 years$250,719$238,746$227,385$216,603$206,371$173,258
6 years$206,836$194,954$183,761$173,219$163,294$131,783
7 years$175,504$163,722$152,706$142,413$132,802$102,892
8 years$152,016$140,340$129,507$119,467$110,172$81,844
9 years$133,757$122,191$111,544$101,759$92,781$66,006
10 years$119,158$107,706$97,247$87,717$79,054$53,795
11 years$107,222$95,884$85,614$76,340$67,989$44,203
12 years$97,282$86,060$75,981$66,961$58,918$36,557
13 years$88,877$77,773$67,884$59,116$51,377$30,391
14 years$81,680$70,694$60,994$52,477$45,037$25,371
15 years$75,448$64,580$55,069$46,800$39,654$21,253
16 years$70,000$59,251$49,928$41,904$35,047$17,854
17 years$65,198$54,568$45,433$37,651$31,075$15,033
18 years$60,935$50,423$41,474$33,931$27,630$12,683
19 years$57,124$46,732$37,968$30,659$24,627$10,718
20 years$53,699$43,425$34,845$27,768$21,998$9,069
21 years$50,604$40,449$32,051$25,201$19,685$7,683
22 years$47,795$37,758$29,540$22,914$17,645$6,515
23 years$45,233$35,314$27,275$20,868$15,839$5,529
24 years$42,889$33,087$25,224$19,033$14,237$4,696
25 years$40,735$31,051$23,363$17,382$12,811$3,990
26 years$38,750$29,182$21,668$15,893$11,540$3,392
27 years$36,915$27,464$20,120$14,547$10,404$2,885
28 years$35,215$25,879$18,705$13,328$9,388$2,455
29 years$33,634$24,414$17,406$12,222$8,477$2,089
30 years$32,162$23,057$16,213$11,217$7,659$1,778
31 years$30,787$21,796$15,115$10,302$6,925$1,514
32 years$29,501$20,624$14,103$9,468$6,264$1,289
33 years$28,295$19,531$13,168$8,707$5,669$1,098
34 years$27,163$18,511$12,303$8,011$5,133$936
35 years$26,098$17,557$11,503$7,374$4,649$797
36 years$25,094$16,664$10,760$6,792$4,212$679
37 years$24,147$15,827$10,072$6,258$3,817$579
38 years$23,251$15,042$9,432$5,768$3,461$493
39 years$22,404$14,303$8,836$5,318$3,138$420
40 years$21,601$13,608$8,282$4,905$2,847$358
41 years$20,839$12,954$7,766$4,526$2,583$305
42 years$20,116$12,337$7,285$4,177$2,343$260
43 years$19,428$11,754$6,836$3,856$2,127$222
44 years$18,773$11,204$6,417$3,560$1,930$189
45 years$18,149$10,684$6,025$3,288$1,753$161
46 years$17,553$10,192$5,659$3,037$1,591$137
47 years$16,985$9,727$5,316$2,806$1,445$117
48 years$16,442$9,285$4,996$2,593$1,312$100
49 years$15,923$8,867$4,696$2,396$1,192$85
50 years$15,426$8,470$4,415$2,215$1,082$73

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 $2,441 every year, while hoping to spend $43,377 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: 45/40/15 Blend
58$15,800,000$15,800,000$15,800,000$15,800,000
59$17,414,118$16,576,718$16,331,818$18,122,914
60$19,144,205$17,342,824$16,832,781$19,383,417
61$21,049,307$18,145,016$17,349,073$20,744,898
62$23,147,231$18,985,016$17,881,160$22,220,314
63$25,457,595$19,864,628$18,429,526$23,820,229
64$28,002,021$20,785,747$18,994,667$25,556,235
65$30,804,333$21,750,354$19,577,093$27,441,057
66$33,890,783$22,760,529$20,177,334$29,488,669
67$37,290,299$23,818,451$20,795,931$31,714,415
68$41,034,760$24,926,406$21,433,445$34,135,149
69$45,159,293$26,086,787$22,090,453$36,769,385
70$49,702,606$27,302,105$22,767,549$39,637,463
71$54,707,355$28,574,991$23,465,344$42,761,737
72$60,220,543$29,908,203$24,184,471$46,166,769
73$66,293,967$31,304,634$24,925,580$49,879,562
74$72,984,704$32,767,314$25,689,339$53,929,794
75$80,355,653$34,299,421$26,476,441$58,350,098
76$88,476,123$35,904,286$27,287,595$63,176,353
77$97,422,493$37,585,402$28,123,535$68,448,015
78$107,278,930$39,346,429$28,985,017$74,208,474
79$118,138,183$41,191,206$29,872,816$80,505,456
80$130,102,459$43,123,756$30,787,737$87,391,459
81$143,284,387$45,148,298$31,730,604$94,924,233
82$157,808,084$47,269,254$32,702,269$103,167,317
83$173,810,322$49,491,261$33,703,608$112,190,616
84$191,441,821$51,819,179$34,735,525$122,071,053
85$210,868,672$54,258,105$35,798,951$132,893,275
86$232,273,906$56,813,381$36,894,845$144,750,438
87$255,859,218$59,490,610$38,024,195$157,745,067
88$281,846,872$62,295,664$39,188,020$171,990,004
89$310,481,803$65,234,701$40,387,368$187,609,459
90$342,033,923$68,314,177$41,623,321$204,740,160
91$376,800,672$71,540,862$42,896,992$223,532,618
92$415,109,828$74,921,851$44,209,529$244,152,536
93$457,322,596$78,464,587$45,562,113$266,782,341
94$503,837,020$82,176,872$46,955,964$291,622,885
95$555,091,743$86,066,885$48,392,335$318,895,319
96$611,570,143$90,143,204$49,872,520$348,843,150
97$673,804,899$94,414,822$51,397,851$381,734,515
98$742,383,020$98,891,170$52,969,700$417,864,680
99$817,951,385$103,582,135$54,589,483$457,558,801
100$901,222,851$108,498,084$56,258,654$501,174,959