Can I retire at age 59 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,223,877
2 years$650,004$637,898$626,165$614,790$603,756$559,870
3 years$429,031$416,873$405,171$393,902$383,048$340,666
4 years$318,567$306,446$294,860$283,784$273,193$232,640
5 years$252,305$240,257$228,824$217,973$207,677$169,059
6 years$208,146$196,188$184,924$174,315$164,328$127,675
7 years$176,615$164,759$153,672$143,314$133,642$98,949
8 years$152,978$141,229$130,326$120,223$110,869$78,106
9 years$134,604$122,965$112,250$102,403$93,368$62,494
10 years$119,912$108,387$97,862$88,272$79,554$50,518
11 years$107,900$96,491$86,156$76,823$68,419$41,163
12 years$97,897$86,605$76,461$67,384$59,291$33,750
13 years$89,440$78,266$68,313$59,490$51,703$27,810
14 years$82,197$71,141$61,380$52,809$45,322$23,008
15 years$75,925$64,989$55,418$47,096$39,905$19,097
16 years$70,443$59,626$50,244$42,170$35,268$15,893
17 years$65,611$54,913$45,720$37,889$31,271$13,255
18 years$61,320$50,742$41,737$34,146$27,805$11,075
19 years$57,486$47,028$38,208$30,854$24,783$9,268
20 years$54,039$43,700$35,065$27,944$22,137$7,765
21 years$50,925$40,705$32,253$25,361$19,810$6,512
22 years$48,097$37,997$29,726$23,059$17,757$5,466
23 years$45,519$35,538$27,447$21,000$15,940$4,592
24 years$43,160$33,296$25,384$19,153$14,327$3,859
25 years$40,993$31,247$23,511$17,492$12,892$3,245
26 years$38,995$29,367$21,805$15,994$11,613$2,730
27 years$37,149$27,638$20,248$14,639$10,470$2,298
28 years$35,438$26,043$18,823$13,413$9,447$1,934
29 years$33,847$24,569$17,516$12,300$8,530$1,629
30 years$32,366$23,203$16,316$11,288$7,708$1,372
31 years$30,982$21,934$15,211$10,367$6,969$1,156
32 years$29,688$20,754$14,192$9,528$6,304$974
33 years$28,475$19,654$13,251$8,762$5,705$820
34 years$27,335$18,628$12,381$8,061$5,165$691
35 years$26,263$17,668$11,575$7,421$4,678$583
36 years$25,253$16,770$10,829$6,835$4,239$491
37 years$24,300$15,927$10,135$6,297$3,842$414
38 years$23,399$15,137$9,491$5,804$3,483$349
39 years$22,546$14,394$8,892$5,352$3,158$294
40 years$21,738$13,694$8,335$4,936$2,865$248
41 years$20,971$13,036$7,815$4,554$2,599$209
42 years$20,243$12,415$7,331$4,203$2,358$176
43 years$19,551$11,829$6,879$3,880$2,140$149
44 years$18,891$11,275$6,457$3,582$1,943$125
45 years$18,263$10,752$6,063$3,309$1,764$106
46 years$17,664$10,257$5,695$3,056$1,601$89
47 years$17,093$9,788$5,350$2,823$1,454$75
48 years$16,546$9,344$5,028$2,609$1,320$63
49 years$16,024$8,923$4,726$2,411$1,199$53
50 years$15,524$8,524$4,443$2,229$1,089$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,900,000, adding $4,274 every year, while hoping to spend $25,396 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: 37/42/21 Blend
58$15,900,000$15,900,000$15,900,000$15,900,000
59$17,526,209$16,683,509$16,437,059$18,063,685
60$19,286,861$17,473,979$16,960,679$19,245,537
61$21,226,248$18,302,332$17,500,989$20,518,581
62$23,362,575$19,170,396$18,058,522$21,893,160
63$25,715,902$20,080,090$18,633,827$23,378,419
64$28,308,334$21,033,424$19,227,470$24,984,379
65$31,164,230$22,032,508$19,840,036$26,722,030
66$34,310,434$23,079,553$20,472,130$28,603,422
67$37,776,526$24,176,878$21,124,374$30,641,772
68$41,595,101$25,326,915$21,797,410$32,851,583
69$45,802,080$26,532,213$22,491,902$35,248,767
70$50,437,046$27,795,445$23,208,534$37,850,790
71$55,543,617$29,119,414$23,948,013$40,676,827
72$61,169,862$30,507,061$24,711,067$43,747,929
73$67,368,748$31,961,468$25,498,448$47,087,215
74$74,198,647$33,485,867$26,310,933$50,720,079
75$81,723,882$35,083,647$27,149,322$54,674,414
76$90,015,336$36,758,363$28,014,442$58,980,868
77$99,151,119$38,513,742$28,907,145$63,673,116
78$109,217,311$40,353,693$29,828,312$68,788,170
79$120,308,767$42,282,314$30,778,850$74,366,710
80$132,530,016$44,303,903$31,759,697$80,453,452
81$145,996,251$46,422,967$32,771,820$87,097,561
82$160,834,409$48,644,233$33,816,216$94,353,094
83$177,184,375$50,972,656$34,893,916$102,279,495
84$195,200,300$53,413,436$36,005,981$110,942,137
85$215,052,058$55,972,022$37,153,509$120,412,926
86$236,926,847$58,654,130$38,337,631$130,770,952
87$261,030,959$61,465,755$39,559,514$142,103,225
88$287,591,723$64,413,184$40,820,364$154,505,466
89$316,859,657$67,503,008$42,121,425$168,082,996
90$349,110,828$70,742,141$43,463,978$182,951,704
91$384,649,460$74,137,833$44,849,349$199,239,115
92$423,810,806$77,697,689$46,278,904$217,085,572
93$466,964,313$81,429,680$47,754,052$236,645,533
94$514,517,109$85,342,171$49,276,249$258,089,000
95$566,917,848$89,443,931$50,846,997$281,603,097
96$624,660,941$93,744,156$52,467,844$307,393,805
97$688,291,231$98,252,493$54,140,390$335,687,873
98$758,409,128$102,979,058$55,866,285$366,734,929
99$835,676,285$107,934,457$57,647,232$400,809,798
100$920,821,839$113,129,819$59,484,987$438,215,062