Can I retire at age 59 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,346,724
2 years$707,237$694,065$681,300$668,923$656,917$624,061
3 years$466,808$453,579$440,846$428,585$416,775$384,892
4 years$346,617$333,429$320,823$308,772$297,248$266,583
5 years$274,521$261,412$248,972$237,166$225,963$196,602
6 years$226,473$213,463$201,206$189,664$178,797$150,770
7 years$192,166$179,266$167,203$155,933$145,410$118,721
8 years$166,448$153,664$141,802$130,808$120,631$95,270
9 years$146,455$133,792$122,134$111,420$101,589$77,535
10 years$130,471$117,931$106,479$96,045$86,559$63,784
11 years$117,401$104,987$93,742$83,588$74,444$52,917
12 years$106,517$94,231$83,194$73,318$64,511$44,197
13 years$97,315$85,157$74,328$64,729$56,255$37,115
14 years$89,434$77,405$66,784$57,459$49,313$31,306
15 years$82,611$70,711$60,297$51,243$43,419$26,502
16 years$76,646$64,876$54,668$45,883$38,374$22,504
17 years$71,388$59,749$49,746$41,225$34,025$19,157
18 years$66,719$55,210$45,412$37,152$30,253$16,342
19 years$62,547$51,168$41,572$33,570$26,965$13,966
20 years$58,797$47,548$38,153$30,404$24,086$11,954
21 years$55,409$44,289$35,093$27,594$21,554$10,244
22 years$52,332$41,342$32,344$25,089$19,320$8,789
23 years$49,527$38,667$29,864$22,849$17,343$7,547
24 years$46,960$36,228$27,619$20,840$15,588$6,486
25 years$44,602$33,998$25,581$19,032$14,027$5,578
26 years$42,429$31,953$23,725$17,402$12,635$4,800
27 years$40,420$30,071$22,031$15,928$11,392$4,132
28 years$38,558$28,336$20,480$14,594$10,279$3,559
29 years$36,827$26,732$19,059$13,383$9,282$3,066
30 years$35,215$25,246$17,752$12,282$8,386$2,643
31 years$33,710$23,865$16,550$11,280$7,582$2,278
32 years$32,302$22,581$15,442$10,367$6,859$1,965
33 years$30,982$21,385$14,418$9,533$6,207$1,694
34 years$29,742$20,268$13,471$8,771$5,620$1,462
35 years$28,576$19,224$12,595$8,074$5,090$1,261
36 years$27,476$18,246$11,782$7,436$4,612$1,088
37 years$26,439$17,330$11,028$6,852$4,180$939
38 years$25,459$16,470$10,327$6,315$3,789$810
39 years$24,531$15,661$9,675$5,823$3,436$699
40 years$23,652$14,900$9,069$5,371$3,117$604
41 years$22,818$14,184$8,503$4,955$2,828$521
42 years$22,025$13,508$7,977$4,573$2,566$450
43 years$21,272$12,870$7,485$4,222$2,329$388
44 years$20,555$12,268$7,026$3,898$2,114$335
45 years$19,872$11,699$6,597$3,600$1,919$289
46 years$19,220$11,160$6,196$3,325$1,742$250
47 years$18,598$10,650$5,821$3,072$1,582$216
48 years$18,003$10,167$5,470$2,839$1,437$186
49 years$17,435$9,709$5,142$2,624$1,305$161
50 years$16,891$9,274$4,834$2,425$1,185$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,300,000, adding $4,198 every year, while hoping to spend $31,201 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: 50/45/5 Blend
58$17,300,000$17,300,000$17,300,000$17,300,000
59$19,068,930$18,152,030$17,883,880$19,999,472
60$20,980,763$19,008,282$18,449,793$21,489,134
61$23,086,558$19,905,445$19,033,617$23,103,180
62$25,406,065$20,845,489$19,635,921$24,856,181
63$27,961,049$21,830,484$20,257,290$26,761,136
64$30,775,494$22,862,595$20,898,327$28,832,314
65$33,875,828$23,944,096$21,559,655$31,085,384
66$37,291,175$25,077,369$22,241,916$33,537,549
67$41,053,628$26,264,914$22,945,773$36,207,706
68$45,198,552$27,509,348$23,671,910$39,116,615
69$49,764,917$28,813,420$24,421,033$42,287,081
70$54,795,670$30,180,008$25,193,869$45,744,163
71$60,338,134$31,612,134$25,991,169$49,515,402
72$66,444,458$33,112,963$26,813,707$53,631,068
73$73,172,109$34,685,815$27,662,283$58,124,432
74$80,584,417$36,334,172$28,537,722$63,032,076
75$88,751,165$38,061,684$29,440,873$68,394,217
76$97,749,256$39,872,180$30,372,615$74,255,082
77$107,663,435$41,769,671$31,333,853$80,663,306
78$118,587,089$43,758,369$32,325,520$87,672,381
79$130,623,128$45,842,684$33,348,581$95,341,142
80$143,884,958$48,027,247$34,404,029$103,734,314
81$158,497,550$50,316,908$35,492,890$112,923,099
82$174,598,620$52,716,757$36,616,222$122,985,836
83$192,339,931$55,232,129$37,775,117$134,008,720
84$211,888,721$57,868,621$38,970,701$146,086,601
85$233,429,287$60,632,100$40,204,136$159,323,855
86$257,164,720$63,528,718$41,476,620$173,835,353
87$283,318,825$66,564,929$42,789,390$189,747,520
88$312,138,232$69,747,498$44,143,722$207,199,511
89$343,894,727$73,083,521$45,540,932$226,344,496
90$378,887,814$76,580,438$46,982,378$247,351,086
91$417,447,545$80,246,053$48,469,461$270,404,894
92$459,937,632$84,088,548$50,003,627$295,710,264
93$506,758,888$88,116,504$51,586,365$323,492,172
94$558,353,002$92,338,919$53,219,215$353,998,315
95$615,206,713$96,765,232$54,903,764$387,501,424
96$677,856,407$101,405,337$56,641,650$424,301,803
97$746,893,176$106,269,614$58,434,560$464,730,132
98$822,968,400$111,368,946$60,284,239$509,150,549
99$906,799,900$116,714,747$62,192,483$557,964,053
100$999,178,707$122,318,986$64,161,149$611,612,250