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%12.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,244,686
2 years$645,915$633,886$622,227$610,924$599,959$584,634
3 years$426,333$414,251$402,622$391,425$380,639$365,693
4 years$316,563$304,519$293,006$281,999$271,475$257,023
5 years$250,719$238,746$227,385$216,603$206,371$192,455
6 years$206,836$194,954$183,761$173,219$163,294$149,931
7 years$175,504$163,722$152,706$142,413$132,802$119,997
8 years$152,016$140,340$129,507$119,467$110,172$97,924
9 years$133,757$122,191$111,544$101,759$92,781$81,085
10 years$119,158$107,706$97,247$87,717$79,054$67,902
11 years$107,222$95,884$85,614$76,340$67,989$57,371
12 years$97,282$86,060$75,981$66,961$58,918$48,823
13 years$88,877$77,773$67,884$59,116$51,377$41,792
14 years$81,680$70,694$60,994$52,477$45,037$35,948
15 years$75,448$64,580$55,069$46,800$39,654$31,046
16 years$70,000$59,251$49,928$41,904$35,047$26,905
17 years$65,198$54,568$45,433$37,651$31,075$23,383
18 years$60,935$50,423$41,474$33,931$27,630$20,372
19 years$57,124$46,732$37,968$30,659$24,627$17,787
20 years$53,699$43,425$34,845$27,768$21,998$15,557
21 years$50,604$40,449$32,051$25,201$19,685$13,629
22 years$47,795$37,758$29,540$22,914$17,645$11,956
23 years$45,233$35,314$27,275$20,868$15,839$10,500
24 years$42,889$33,087$25,224$19,033$14,237$9,232
25 years$40,735$31,051$23,363$17,382$12,811$8,123
26 years$38,750$29,182$21,668$15,893$11,540$7,154
27 years$36,915$27,464$20,120$14,547$10,404$6,304
28 years$35,215$25,879$18,705$13,328$9,388$5,559
29 years$33,634$24,414$17,406$12,222$8,477$4,904
30 years$32,162$23,057$16,213$11,217$7,659$4,329
31 years$30,787$21,796$15,115$10,302$6,925$3,823
32 years$29,501$20,624$14,103$9,468$6,264$3,377
33 years$28,295$19,531$13,168$8,707$5,669$2,984
34 years$27,163$18,511$12,303$8,011$5,133$2,637
35 years$26,098$17,557$11,503$7,374$4,649$2,331
36 years$25,094$16,664$10,760$6,792$4,212$2,062
37 years$24,147$15,827$10,072$6,258$3,817$1,823
38 years$23,251$15,042$9,432$5,768$3,461$1,613
39 years$22,404$14,303$8,836$5,318$3,138$1,427
40 years$21,601$13,608$8,282$4,905$2,847$1,263
41 years$20,839$12,954$7,766$4,526$2,583$1,117
42 years$20,116$12,337$7,285$4,177$2,343$989
43 years$19,428$11,754$6,836$3,856$2,127$875
44 years$18,773$11,204$6,417$3,560$1,930$775
45 years$18,149$10,684$6,025$3,288$1,753$686
46 years$17,553$10,192$5,659$3,037$1,591$607
47 years$16,985$9,727$5,316$2,806$1,445$538
48 years$16,442$9,285$4,996$2,593$1,312$476
49 years$15,923$8,867$4,696$2,396$1,192$421
50 years$15,426$8,470$4,415$2,215$1,082$373

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 $2,765 every year, while hoping to spend $43,802 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: 48/32/20 Blend
58$15,800,000$15,800,000$15,800,000$15,800,000
59$17,414,452$16,577,052$16,332,152$18,151,786
60$19,144,121$17,342,723$16,832,674$19,430,718
61$21,048,749$18,144,443$17,348,496$20,814,036
62$23,146,134$18,983,933$17,880,083$22,315,256
63$25,455,890$19,862,997$18,427,916$23,945,458
64$27,999,630$20,783,523$18,992,491$25,716,809
65$30,801,170$21,747,493$19,574,317$27,642,679
66$33,886,752$22,756,984$20,173,920$29,737,755
67$37,285,296$23,814,171$20,791,841$32,018,175
68$41,028,667$24,921,336$21,428,639$34,501,678
69$45,151,980$26,080,871$22,084,887$37,207,760
70$49,693,931$27,295,282$22,761,180$40,157,852
71$54,697,159$28,567,198$23,458,126$43,375,517
72$60,208,651$29,899,372$24,176,355$46,886,666
73$66,280,185$31,294,693$24,916,515$50,719,789
74$72,968,819$32,756,188$25,679,273$54,906,222
75$80,337,427$34,287,030$26,465,317$59,480,431
76$88,455,295$35,890,545$27,275,356$64,480,328
77$97,398,775$37,570,221$28,110,120$69,947,623
78$107,252,002$39,329,715$28,970,362$75,928,202
79$118,107,693$41,172,857$29,856,855$82,472,556
80$130,068,018$43,103,668$30,770,400$89,636,242
81$143,245,567$45,126,358$31,711,819$97,480,401
82$157,764,409$47,245,344$32,681,960$106,072,318
83$173,761,270$49,465,257$33,681,696$115,486,050
84$191,386,813$51,790,949$34,711,927$125,803,109
85$210,807,072$54,227,509$35,773,581$137,113,218
86$232,205,010$56,780,273$36,867,612$149,515,146
87$255,782,249$59,454,835$37,995,005$163,117,627
88$281,760,976$62,257,059$39,156,775$178,040,364
89$310,386,033$65,193,093$40,353,965$194,415,151
90$341,927,238$68,269,383$41,587,652$212,387,096
91$376,681,923$71,492,690$42,858,945$232,115,976
92$414,977,747$74,870,100$44,168,988$253,777,723
93$457,175,784$78,409,041$45,518,955$277,566,070
94$503,673,935$82,117,306$46,910,062$303,694,356
95$554,910,684$86,003,061$48,343,557$332,397,521
96$611,369,235$90,074,872$49,820,726$363,934,302
97$673,582,074$94,341,718$51,342,898$398,589,653
98$742,135,997$98,813,014$52,911,437$436,677,408
99$817,677,650$103,498,633$54,527,752$478,543,222
100$900,919,631$108,408,927$56,193,292$524,567,806