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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,224,492
2 years$645,915$633,886$622,227$610,924$599,959$564,542
3 years$426,333$414,251$402,622$391,425$380,639$346,336
4 years$316,563$304,519$293,006$281,999$271,475$238,550
5 years$250,719$238,746$227,385$216,603$206,371$174,914
6 years$206,836$194,954$183,761$173,219$163,294$133,334
7 years$175,504$163,722$152,706$142,413$132,802$104,339
8 years$152,016$140,340$129,507$119,467$110,172$83,191
9 years$133,757$122,191$111,544$101,759$92,781$67,256
10 years$119,158$107,706$97,247$87,717$79,054$54,951
11 years$107,222$95,884$85,614$76,340$67,989$45,269
12 years$97,282$86,060$75,981$66,961$58,918$37,537
13 years$88,877$77,773$67,884$59,116$51,377$31,290
14 years$81,680$70,694$60,994$52,477$45,037$26,194
15 years$75,448$64,580$55,069$46,800$39,654$22,004
16 years$70,000$59,251$49,928$41,904$35,047$18,538
17 years$65,198$54,568$45,433$37,651$31,075$15,656
18 years$60,935$50,423$41,474$33,931$27,630$13,247
19 years$57,124$46,732$37,968$30,659$24,627$11,228
20 years$53,699$43,425$34,845$27,768$21,998$9,530
21 years$50,604$40,449$32,051$25,201$19,685$8,099
22 years$47,795$37,758$29,540$22,914$17,645$6,889
23 years$45,233$35,314$27,275$20,868$15,839$5,865
24 years$42,889$33,087$25,224$19,033$14,237$4,996
25 years$40,735$31,051$23,363$17,382$12,811$4,259
26 years$38,750$29,182$21,668$15,893$11,540$3,633
27 years$36,915$27,464$20,120$14,547$10,404$3,100
28 years$35,215$25,879$18,705$13,328$9,388$2,646
29 years$33,634$24,414$17,406$12,222$8,477$2,259
30 years$32,162$23,057$16,213$11,217$7,659$1,929
31 years$30,787$21,796$15,115$10,302$6,925$1,648
32 years$29,501$20,624$14,103$9,468$6,264$1,408
33 years$28,295$19,531$13,168$8,707$5,669$1,204
34 years$27,163$18,511$12,303$8,011$5,133$1,029
35 years$26,098$17,557$11,503$7,374$4,649$879
36 years$25,094$16,664$10,760$6,792$4,212$752
37 years$24,147$15,827$10,072$6,258$3,817$643
38 years$23,251$15,042$9,432$5,768$3,461$550
39 years$22,404$14,303$8,836$5,318$3,138$470
40 years$21,601$13,608$8,282$4,905$2,847$402
41 years$20,839$12,954$7,766$4,526$2,583$344
42 years$20,116$12,337$7,285$4,177$2,343$294
43 years$19,428$11,754$6,836$3,856$2,127$251
44 years$18,773$11,204$6,417$3,560$1,930$215
45 years$18,149$10,684$6,025$3,288$1,753$184
46 years$17,553$10,192$5,659$3,037$1,591$157
47 years$16,985$9,727$5,316$2,806$1,445$135
48 years$16,442$9,285$4,996$2,593$1,312$115
49 years$15,923$8,867$4,696$2,396$1,192$98
50 years$15,426$8,470$4,415$2,215$1,082$84

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 $2,383 every year, while hoping to spend $59,938 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: 52/18/30 Blend
58$15,800,000$15,800,000$15,800,000$15,800,000
59$17,414,058$16,576,658$16,331,758$18,172,441
60$19,126,518$17,325,141$16,815,098$19,449,700
61$21,011,641$18,108,290$17,312,622$20,832,227
62$23,086,974$18,927,742$17,824,740$22,335,136
63$25,371,853$19,785,209$18,351,877$23,969,962
64$27,887,585$20,682,488$18,894,468$25,749,391
65$30,657,648$21,621,459$19,452,962$27,687,368
66$33,707,911$22,604,093$20,027,819$29,799,236
67$37,066,882$23,632,457$20,619,515$32,101,865
68$40,765,971$24,708,715$21,228,536$34,613,817
69$44,839,793$25,835,135$21,855,385$37,355,510
70$49,326,489$27,014,094$22,500,577$40,349,410
71$54,268,089$28,248,083$23,164,645$43,620,237
72$59,710,907$29,539,711$23,848,133$47,195,193
73$65,705,977$30,891,715$24,551,603$51,104,214
74$72,309,538$32,306,960$25,275,633$55,380,247
75$79,583,561$33,788,451$26,020,817$60,059,556
76$87,596,336$35,339,337$26,787,765$65,182,057
77$96,423,114$36,962,916$27,577,107$70,791,691
78$106,146,819$38,662,647$28,389,489$76,936,830
79$116,858,833$40,442,155$29,225,574$83,670,729
80$128,659,850$42,305,236$30,086,047$91,052,021
81$141,660,835$44,255,874$30,971,610$99,145,263
82$155,984,068$46,298,239$31,882,987$108,021,537
83$171,764,296$48,436,706$32,820,920$117,759,116
84$189,150,008$50,675,859$33,786,175$128,444,194
85$208,304,834$53,020,501$34,779,537$140,171,686
86$229,409,090$55,475,668$35,801,814$153,046,125
87$252,661,481$58,046,640$36,853,839$167,182,629
88$278,280,974$60,738,948$37,936,465$182,707,987
89$306,508,869$63,558,391$39,050,572$199,761,840
90$337,611,071$66,511,049$40,197,063$218,497,992
91$371,880,604$69,603,294$41,376,868$239,085,847
92$409,640,375$72,841,805$42,590,943$261,712,004
93$451,246,223$76,233,584$43,840,269$286,581,998
94$497,090,277$79,785,969$45,125,857$313,922,235
95$547,604,658$83,506,654$46,448,747$343,982,112
96$603,265,558$87,403,705$47,810,005$377,036,362
97$664,597,735$91,485,577$49,210,730$413,387,627
98$732,179,465$95,761,131$50,652,050$453,369,308
99$806,648,003$100,239,659$52,135,127$497,348,692
100$888,705,599$104,930,902$53,661,153$545,730,406