Can I retire at age 59 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,325,527
2 years$703,148$690,053$677,361$665,056$653,120$607,204
3 years$464,109$450,957$438,298$426,108$414,366$370,002
4 years$344,613$331,501$318,968$306,987$295,529$253,056
5 years$272,934$259,901$247,533$235,795$224,657$184,187
6 years$225,164$212,229$200,043$188,567$177,763$139,329
7 years$191,055$178,229$166,237$155,032$144,569$108,165
8 years$165,486$152,776$140,982$130,052$119,934$85,533
9 years$145,609$133,019$121,428$110,776$101,002$68,562
10 years$129,717$117,249$105,863$95,490$86,059$55,528
11 years$116,722$104,380$93,200$83,105$74,013$45,333
12 years$105,901$93,686$82,713$72,894$64,138$37,244
13 years$96,753$84,665$73,899$64,354$55,930$30,752
14 years$88,917$76,958$66,398$57,127$49,028$25,495
15 years$82,133$70,302$59,949$50,947$43,168$21,206
16 years$76,202$64,501$54,352$45,617$38,152$17,687
17 years$70,975$59,403$49,458$40,987$33,828$14,784
18 years$66,334$54,891$45,149$36,937$30,078$12,380
19 years$62,186$50,873$41,332$33,376$26,810$10,383
20 years$58,457$47,273$37,932$30,229$23,947$8,719
21 years$55,088$44,033$34,890$27,434$21,430$7,330
22 years$52,030$41,103$32,157$24,944$19,209$6,167
23 years$49,241$38,443$29,691$22,717$17,243$5,193
24 years$46,689$36,019$27,459$20,719$15,498$4,375
25 years$44,344$33,802$25,433$18,922$13,946$3,688
26 years$42,184$31,768$23,588$17,301$12,562$3,110
27 years$40,186$29,898$21,903$15,836$11,326$2,624
28 years$38,335$28,172$20,362$14,509$10,219$2,214
29 years$36,615$26,577$18,949$13,305$9,228$1,869
30 years$35,012$25,100$17,650$12,211$8,338$1,578
31 years$33,515$23,727$16,454$11,215$7,538$1,333
32 years$32,115$22,451$15,352$10,307$6,819$1,125
33 years$30,803$21,261$14,334$9,478$6,171$951
34 years$29,570$20,151$13,393$8,721$5,587$803
35 years$28,410$19,113$12,522$8,028$5,061$679
36 years$27,318$18,141$11,714$7,393$4,585$573
37 years$26,286$17,230$10,964$6,812$4,156$484
38 years$25,312$16,374$10,267$6,279$3,768$409
39 years$24,389$15,570$9,619$5,789$3,417$346
40 years$23,515$14,814$9,016$5,340$3,099$292
41 years$22,686$14,102$8,454$4,927$2,811$247
42 years$21,898$13,430$7,930$4,547$2,551$209
43 years$21,149$12,796$7,442$4,197$2,315$177
44 years$20,436$12,197$6,985$3,875$2,102$149
45 years$19,757$11,631$6,559$3,579$1,908$126
46 years$19,109$11,096$6,160$3,306$1,732$107
47 years$18,490$10,589$5,788$3,054$1,573$90
48 years$17,899$10,108$5,439$2,822$1,428$76
49 years$17,334$9,653$5,112$2,608$1,297$64
50 years$16,793$9,221$4,806$2,411$1,178$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,200,000, adding $2,989 every year, while hoping to spend $32,197 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: 48/46/6 Blend
58$17,200,000$17,200,000$17,200,000$17,200,000
59$18,957,483$18,045,883$17,779,283$19,837,877
60$20,856,889$18,895,874$18,340,632$21,290,296
61$22,948,955$19,786,435$18,919,706$22,862,635
62$25,253,299$20,719,521$19,517,067$24,568,916
63$27,791,538$21,697,180$20,133,291$26,421,598
64$30,587,493$22,721,560$20,768,974$28,434,357
65$33,667,413$23,794,913$21,424,731$30,622,200
66$37,060,226$24,919,599$22,101,196$33,001,609
67$40,797,805$26,098,096$22,799,022$35,590,679
68$44,915,277$27,332,999$23,518,885$38,409,283
69$49,451,348$28,627,028$24,261,481$41,479,255
70$54,448,671$29,983,039$25,027,526$44,824,575
71$59,954,250$31,404,022$25,817,763$48,471,599
72$66,019,881$32,893,116$26,632,955$52,449,283
73$72,702,640$34,453,610$27,473,890$56,789,458
74$80,065,425$36,088,953$28,341,381$61,527,107
75$88,177,549$37,802,762$29,236,268$66,700,692
76$97,115,391$39,598,829$30,159,415$72,352,498
77$106,963,120$41,481,131$31,111,715$78,529,021
78$117,813,490$43,453,838$32,094,089$85,281,394
79$129,768,711$45,521,321$33,107,486$92,665,851
80$142,941,420$47,688,166$34,152,887$100,744,244
81$157,455,738$49,959,180$35,231,302$109,584,613
82$173,448,447$52,339,404$36,343,775$119,261,806
83$191,070,278$54,834,123$37,491,380$129,858,171
84$210,487,333$57,448,882$38,675,228$141,464,315
85$231,882,656$60,189,492$39,896,463$154,179,935
86$255,457,958$63,062,049$41,156,267$168,114,743
87$281,435,525$66,072,945$42,455,857$183,389,480
88$310,060,311$69,228,881$43,796,490$200,137,028
89$341,602,253$72,536,887$45,179,463$218,503,646
90$376,358,821$76,004,332$46,606,112$238,650,322
91$414,657,822$79,638,946$48,077,819$260,754,270
92$456,860,499$83,448,834$49,596,005$285,010,572
93$503,364,938$87,442,495$51,162,139$311,633,991
94$554,609,827$91,628,842$52,777,736$340,860,971
95$611,078,596$96,017,223$54,444,358$372,951,836
96$673,303,986$100,617,439$56,163,616$408,193,212
97$741,873,069$105,439,770$57,937,174$446,900,703
98$817,432,799$110,494,996$59,766,746$489,421,828
99$900,696,115$115,794,421$61,654,103$536,139,269
100$992,448,672$121,349,901$63,601,068$587,474,440