Can I retire at age 59 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,351,217
2 years$711,325$698,077$685,238$672,789$660,714$624,407
3 years$469,506$456,201$443,394$431,063$419,184$383,989
4 years$348,620$335,356$322,677$310,556$298,966$265,153
5 years$276,108$262,923$250,411$238,537$227,269$194,932
6 years$227,782$214,697$202,369$190,760$179,830$149,000
7 years$193,277$180,302$168,170$156,834$146,250$116,930
8 years$167,410$154,552$142,621$131,564$121,329$93,504
9 years$147,302$134,565$122,840$112,064$102,176$75,822
10 years$131,225$118,613$107,094$96,600$87,059$62,143
11 years$118,079$105,594$94,284$84,071$74,874$51,359
12 years$107,133$94,775$83,675$73,741$64,884$42,727
13 years$97,878$85,649$74,758$65,103$56,580$35,737
14 years$89,951$77,853$67,170$57,791$49,598$30,019
15 years$83,088$71,120$60,646$51,539$43,670$25,307
16 years$77,089$65,251$54,984$46,148$38,596$21,397
17 years$71,800$60,094$50,034$41,463$34,221$18,136
18 years$67,105$55,529$45,674$37,367$30,428$15,403
19 years$62,909$51,464$41,813$33,764$27,121$13,104
20 years$59,137$47,823$38,373$30,580$24,225$11,165
21 years$55,729$44,545$35,296$27,753$21,679$9,524
22 years$52,635$41,581$32,531$25,234$19,432$8,133
23 years$49,814$38,890$30,036$22,981$17,443$6,951
24 years$47,232$36,438$27,779$20,960$15,678$5,946
25 years$44,860$34,195$25,729$19,142$14,108$5,089
26 years$42,674$32,138$23,862$17,502$12,708$4,358
27 years$40,654$30,245$22,158$16,020$11,457$3,733
28 years$38,781$28,500$20,599$14,678$10,338$3,200
29 years$37,040$26,886$19,169$13,460$9,335$2,743
30 years$35,419$25,391$17,855$12,353$8,435$2,353
31 years$33,905$24,003$16,646$11,345$7,626$2,018
32 years$32,489$22,712$15,531$10,427$6,898$1,732
33 years$31,161$21,509$14,501$9,588$6,243$1,486
34 years$29,914$20,385$13,549$8,822$5,652$1,275
35 years$28,741$19,335$12,667$8,121$5,119$1,095
36 years$27,635$18,352$11,850$7,479$4,639$940
37 years$26,592$17,430$11,091$6,891$4,204$807
38 years$25,606$16,565$10,387$6,352$3,811$693
39 years$24,673$15,751$9,731$5,857$3,456$595
40 years$23,789$14,986$9,121$5,402$3,135$511
41 years$22,950$14,266$8,553$4,984$2,844$439
42 years$22,153$13,586$8,023$4,600$2,581$377
43 years$21,395$12,945$7,528$4,246$2,342$324
44 years$20,674$12,339$7,066$3,920$2,126$278
45 years$19,986$11,766$6,635$3,621$1,930$239
46 years$19,331$11,225$6,232$3,344$1,752$205
47 years$18,705$10,712$5,855$3,090$1,591$176
48 years$18,107$10,226$5,502$2,855$1,445$151
49 years$17,536$9,765$5,171$2,639$1,312$130
50 years$16,988$9,328$4,862$2,439$1,192$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,400,000, adding $2,195 every year, while hoping to spend $21,156 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: 24/48/28 Blend
58$17,400,000$17,400,000$17,400,000$17,400,000
59$19,177,064$18,254,864$17,985,164$19,468,056
60$21,110,615$19,126,843$18,565,157$20,587,760
61$23,240,679$20,040,839$19,163,871$21,784,631
62$25,587,278$20,998,890$19,781,911$23,066,548
63$28,172,475$22,003,131$20,419,900$24,440,601
64$31,020,585$23,055,801$21,078,484$25,914,535
65$34,158,399$24,159,250$21,758,327$27,496,812
66$37,615,442$25,315,940$22,460,118$29,196,679
67$41,424,249$26,528,453$23,184,564$31,024,246
68$45,620,674$27,799,498$23,932,398$32,990,572
69$50,244,225$29,131,916$24,704,376$35,107,755
70$55,338,442$30,528,686$25,501,278$37,389,036
71$60,951,301$31,992,930$26,323,909$39,848,910
72$67,135,675$33,527,924$27,173,101$42,503,250
73$73,949,826$35,137,105$28,049,712$45,369,444
74$81,457,959$36,824,074$28,954,628$48,466,543
75$89,730,827$38,592,610$29,888,765$51,815,428
76$98,846,399$40,446,675$30,853,066$55,438,987
77$108,890,595$42,390,425$31,848,507$59,362,321
78$119,958,097$44,428,217$32,876,093$63,612,955
79$132,153,245$46,564,622$33,936,864$68,221,087
80$145,591,020$48,804,433$35,031,893$73,219,852
81$160,398,130$51,152,676$36,162,288$78,645,613
82$176,714,205$53,614,623$37,329,190$84,538,284
83$194,693,117$56,195,802$38,533,781$90,941,687
84$214,504,430$58,902,012$39,777,278$97,903,940
85$236,335,005$61,739,334$41,060,940$105,477,891
86$260,390,759$64,714,145$42,386,065$113,721,587
87$286,898,612$67,833,133$43,753,994$122,698,799
88$316,108,628$71,103,314$45,166,110$132,479,598
89$348,296,376$74,532,044$46,623,842$143,140,983
90$383,765,531$78,127,039$48,128,665$154,767,582
91$422,850,742$81,896,390$49,682,102$167,452,420
92$465,920,789$85,848,586$51,285,725$181,297,758
93$513,382,069$89,992,526$52,941,156$196,416,032
94$565,682,426$94,337,546$54,650,071$212,930,874
95$623,315,385$98,893,436$56,414,199$230,978,241
96$686,824,805$103,670,466$58,235,326$250,707,661
97$756,810,021$108,679,404$60,115,295$272,283,601
98$833,931,495$113,931,547$62,056,009$295,886,980
99$918,917,056$119,438,741$64,059,434$321,716,826
100$1,012,568,766$125,213,410$66,127,596$349,992,113