Can I retire at age 59 with 17,100,000?

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 $17,100,000?

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$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,323,110
2 years$699,060$686,041$673,423$661,189$649,323$608,886
3 years$461,411$448,335$435,749$423,630$411,957$372,819
4 years$342,609$329,574$317,114$305,202$293,811$256,273
5 years$271,347$258,390$246,093$234,424$223,351$187,514
6 years$223,855$210,995$198,880$187,471$176,730$142,626
7 years$189,945$177,193$165,270$154,130$143,729$111,357
8 years$164,524$151,887$140,162$129,296$119,237$88,578
9 years$144,762$132,245$120,722$110,132$100,415$71,437
10 years$128,962$116,568$105,248$94,934$85,558$58,221
11 years$116,044$103,773$92,659$82,621$73,583$47,840
12 years$105,286$93,141$82,232$72,470$63,765$39,565
13 years$96,190$84,173$73,469$63,980$55,605$32,891
14 years$88,400$76,511$66,012$56,794$48,743$27,458
15 years$81,655$69,894$59,600$50,651$42,917$23,002
16 years$75,759$64,126$54,036$45,352$37,930$19,323
17 years$70,563$59,058$49,171$40,749$33,631$16,270
18 years$65,948$54,572$44,887$36,723$29,904$13,727
19 years$61,824$50,577$41,092$33,182$26,654$11,600
20 years$58,117$46,998$37,712$30,053$23,808$9,816
21 years$54,768$43,777$34,688$27,275$21,305$8,315
22 years$51,727$40,864$31,970$24,799$19,097$7,051
23 years$48,955$38,220$29,519$22,585$17,143$5,984
24 years$46,417$35,809$27,300$20,599$15,408$5,082
25 years$44,086$33,605$25,285$18,812$13,865$4,318
26 years$41,938$31,584$23,451$17,201$12,489$3,671
27 years$39,953$29,724$21,776$15,744$11,260$3,122
28 years$38,112$28,009$20,244$14,425$10,160$2,656
29 years$36,402$26,423$18,838$13,228$9,174$2,261
30 years$34,808$24,954$17,547$12,140$8,290$1,925
31 years$33,320$23,589$16,359$11,150$7,495$1,639
32 years$31,928$22,320$15,263$10,247$6,779$1,396
33 years$30,624$21,138$14,251$9,423$6,135$1,189
34 years$29,398$20,034$13,315$8,670$5,555$1,013
35 years$28,245$19,002$12,449$7,981$5,031$863
36 years$27,159$18,035$11,646$7,350$4,559$735
37 years$26,133$17,130$10,900$6,772$4,132$626
38 years$25,164$16,279$10,208$6,242$3,746$534
39 years$24,247$15,480$9,563$5,756$3,397$455
40 years$23,378$14,728$8,964$5,309$3,081$388
41 years$22,554$14,020$8,405$4,898$2,795$330
42 years$21,771$13,352$7,884$4,520$2,536$282
43 years$21,026$12,722$7,398$4,173$2,302$240
44 years$20,317$12,126$6,945$3,853$2,089$205
45 years$19,642$11,564$6,521$3,558$1,897$174
46 years$18,998$11,031$6,125$3,287$1,722$149
47 years$18,383$10,527$5,754$3,037$1,564$127
48 years$17,795$10,049$5,407$2,806$1,420$108
49 years$17,233$9,597$5,082$2,593$1,290$92
50 years$16,696$9,167$4,778$2,397$1,172$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,100,000, adding $2,330 every year, while hoping to spend $37,443 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: 64/21/15 Blend
58$17,100,000$17,100,000$17,100,000$17,100,000
59$18,846,603$17,940,303$17,675,253$19,984,114
60$20,729,118$18,779,539$18,227,535$21,585,711
61$22,802,394$19,658,643$18,797,064$23,330,002
62$25,085,850$20,579,528$19,384,377$25,234,492
63$27,600,883$21,544,201$19,990,030$27,314,801
64$30,371,072$22,554,766$20,614,595$29,588,111
65$33,422,399$23,613,428$21,258,662$32,073,325
66$36,783,497$24,722,498$21,922,840$34,791,240
67$40,485,915$25,884,402$22,607,757$37,764,738
68$44,564,420$27,101,680$23,314,059$41,019,000
69$49,057,325$28,376,996$24,042,413$44,581,738
70$54,006,847$29,713,144$24,793,509$48,483,449
71$59,459,509$31,113,051$25,568,055$52,757,700
72$65,466,577$32,579,789$26,366,783$57,441,438
73$72,084,546$34,116,576$27,190,448$62,575,333
74$79,375,669$35,726,788$28,039,828$68,204,157
75$87,408,549$37,413,963$28,915,724$74,377,197
76$96,258,785$39,181,811$29,818,965$81,148,716
77$106,009,684$41,034,223$30,750,403$88,578,460
78$116,753,049$42,975,276$31,710,918$96,732,210
79$128,590,043$45,009,248$32,701,417$105,682,398
80$141,632,149$47,140,623$33,722,836$115,508,783
81$156,002,216$49,374,101$34,776,139$126,299,193
82$171,835,622$51,714,613$35,862,320$138,150,348
83$189,281,554$54,167,327$36,982,406$151,168,765
84$208,504,409$56,737,663$38,137,454$165,471,747
85$229,685,354$59,431,303$39,328,554$181,188,489
86$253,024,031$62,254,208$40,556,830$198,461,282
87$278,740,441$65,212,623$41,823,444$217,446,845
88$307,077,027$68,313,102$43,129,590$238,317,795
89$338,300,953$71,562,514$44,476,501$261,264,265
90$372,706,636$74,968,062$45,865,448$286,495,683
91$410,618,515$78,537,300$47,297,744$314,242,739
92$452,394,125$82,278,149$48,774,739$344,759,548
93$498,427,461$86,198,913$50,297,828$378,326,034
94$549,152,704$90,308,303$51,868,448$415,250,558
95$605,048,321$94,615,450$53,488,082$455,872,814
96$666,641,575$99,129,932$55,158,258$500,567,018
97$734,513,508$103,861,791$56,880,551$549,745,423
98$809,304,424$108,821,558$58,656,589$603,862,197
99$891,719,936$114,020,275$60,488,045$663,417,685
100$982,537,624$119,469,522$62,376,649$728,963,118