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

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 $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%16.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,329,535
2 years$699,060$686,041$673,423$661,189$649,323$615,241
3 years$461,411$448,335$435,749$423,630$411,957$378,901
4 years$342,609$329,574$317,114$305,202$293,811$262,036
5 years$271,347$258,390$246,093$234,424$223,351$192,945
6 years$223,855$210,995$198,880$187,471$176,730$147,723
7 years$189,945$177,193$165,270$154,130$143,729$116,125
8 years$164,524$151,887$140,162$129,296$119,237$93,023
9 years$144,762$132,245$120,722$110,132$100,415$75,569
10 years$128,962$116,568$105,248$94,934$85,558$62,052
11 years$116,044$103,773$92,659$82,621$73,583$51,381
12 years$105,286$93,141$82,232$72,470$63,765$42,830
13 years$96,190$84,173$73,469$63,980$55,605$35,895
14 years$88,400$76,511$66,012$56,794$48,743$30,215
15 years$81,655$69,894$59,600$50,651$42,917$25,525
16 years$75,759$64,126$54,036$45,352$37,930$21,628
17 years$70,563$59,058$49,171$40,749$33,631$18,371
18 years$65,948$54,572$44,887$36,723$29,904$15,637
19 years$61,824$50,577$41,092$33,182$26,654$13,334
20 years$58,117$46,998$37,712$30,053$23,808$11,386
21 years$54,768$43,777$34,688$27,275$21,305$9,736
22 years$51,727$40,864$31,970$24,799$19,097$8,333
23 years$48,955$38,220$29,519$22,585$17,143$7,139
24 years$46,417$35,809$27,300$20,599$15,408$6,121
25 years$44,086$33,605$25,285$18,812$13,865$5,251
26 years$41,938$31,584$23,451$17,201$12,489$4,508
27 years$39,953$29,724$21,776$15,744$11,260$3,871
28 years$38,112$28,009$20,244$14,425$10,160$3,326
29 years$36,402$26,423$18,838$13,228$9,174$2,859
30 years$34,808$24,954$17,547$12,140$8,290$2,458
31 years$33,320$23,589$16,359$11,150$7,495$2,113
32 years$31,928$22,320$15,263$10,247$6,779$1,818
33 years$30,624$21,138$14,251$9,423$6,135$1,564
34 years$29,398$20,034$13,315$8,670$5,555$1,346
35 years$28,245$19,002$12,449$7,981$5,031$1,158
36 years$27,159$18,035$11,646$7,350$4,559$997
37 years$26,133$17,130$10,900$6,772$4,132$858
38 years$25,164$16,279$10,208$6,242$3,746$739
39 years$24,247$15,480$9,563$5,756$3,397$636
40 years$23,378$14,728$8,964$5,309$3,081$547
41 years$22,554$14,020$8,405$4,898$2,795$471
42 years$21,771$13,352$7,884$4,520$2,536$406
43 years$21,026$12,722$7,398$4,173$2,302$350
44 years$20,317$12,126$6,945$3,853$2,089$301
45 years$19,642$11,564$6,521$3,558$1,897$259
46 years$18,998$11,031$6,125$3,287$1,722$223
47 years$18,383$10,527$5,754$3,037$1,564$192
48 years$17,795$10,049$5,407$2,806$1,420$166
49 years$17,233$9,597$5,082$2,593$1,290$143
50 years$16,696$9,167$4,778$2,397$1,172$123

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 $3,011 every year, while hoping to spend $20,435 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: 65/7/28 Blend
58$17,100,000$17,100,000$17,100,000$17,100,000
59$18,847,306$17,941,006$17,675,956$19,932,556
60$20,747,988$18,798,372$18,246,358$21,524,000
61$22,841,856$19,697,065$18,835,183$23,260,276
62$25,148,591$20,639,087$19,443,028$25,157,717
63$27,689,884$21,626,540$20,070,506$27,232,192
64$30,489,638$22,661,626$20,718,254$29,501,166
65$33,574,191$23,746,656$21,386,926$31,983,867
66$36,972,569$24,884,052$22,077,198$34,701,459
67$40,716,757$26,076,356$22,789,770$37,677,240
68$44,842,001$27,326,232$23,525,361$40,936,864
69$49,387,141$28,636,474$24,284,718$44,508,571
70$54,394,981$30,010,013$25,068,607$48,423,459
71$59,912,686$31,449,921$25,877,823$52,715,769
72$65,992,235$32,959,421$26,713,184$57,423,205
73$72,690,903$34,541,893$27,575,536$62,587,288
74$80,071,810$36,200,881$28,465,752$68,253,743
75$88,204,513$37,940,102$29,384,732$74,472,927
76$97,165,661$39,763,455$30,333,408$81,300,300
77$107,039,721$41,675,026$31,312,740$88,796,944
78$117,919,774$43,679,105$32,323,719$97,030,135
79$129,908,396$45,780,186$33,367,369$106,073,973
80$143,118,623$47,982,986$34,444,746$116,010,080
81$157,675,020$50,292,449$35,556,942$126,928,358
82$173,714,855$52,713,763$36,705,083$138,927,842
83$191,389,399$55,252,365$37,890,332$152,117,622
84$210,865,348$57,913,962$39,113,889$166,617,869
85$232,326,403$60,704,535$40,376,993$182,560,965
86$255,974,998$63,630,359$41,680,924$200,092,746
87$282,034,215$66,698,014$43,027,002$219,373,871
88$310,749,890$69,914,403$44,416,593$240,581,334
89$342,392,933$73,286,762$45,851,102$263,910,124
90$377,261,881$76,822,683$47,331,983$289,575,066
91$415,685,726$80,530,127$48,860,738$317,812,832
92$458,027,012$84,417,445$50,438,914$348,884,175
93$504,685,262$88,493,394$52,068,112$383,076,380
94$556,100,747$92,767,159$53,749,982$420,705,964
95$612,758,645$97,248,372$55,486,229$462,121,663
96$675,193,621$101,947,136$57,278,612$507,707,707
97$743,994,873$106,874,048$59,128,948$557,887,442
98$819,811,695$112,040,221$61,039,112$613,127,318
99$903,359,607$117,457,312$63,011,042$673,941,278
100$995,427,110$123,137,543$65,046,735$740,895,600