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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,381,654
2 years$711,325$698,077$685,238$672,789$660,714$654,812
3 years$469,506$456,201$443,394$431,063$419,184$413,409
4 years$348,620$335,356$322,677$310,556$298,966$293,362
5 years$276,108$262,923$250,411$238,537$227,269$221,853
6 years$227,782$214,697$202,369$190,760$179,830$174,609
7 years$193,277$180,302$168,170$156,834$146,250$141,226
8 years$167,410$154,552$142,621$131,564$121,329$116,503
9 years$147,302$134,565$122,840$112,064$102,176$97,547
10 years$131,225$118,613$107,094$96,600$87,059$82,625
11 years$118,079$105,594$94,284$84,071$74,874$70,632
12 years$107,133$94,775$83,675$73,741$64,884$60,830
13 years$97,878$85,649$74,758$65,103$56,580$52,711
14 years$89,951$77,853$67,170$57,791$49,598$45,910
15 years$83,088$71,120$60,646$51,539$43,670$40,158
16 years$77,089$65,251$54,984$46,148$38,596$35,255
17 years$71,800$60,094$50,034$41,463$34,221$31,048
18 years$67,105$55,529$45,674$37,367$30,428$27,416
19 years$62,909$51,464$41,813$33,764$27,121$24,265
20 years$59,137$47,823$38,373$30,580$24,225$21,520
21 years$55,729$44,545$35,296$27,753$21,679$19,119
22 years$52,635$41,581$32,531$25,234$19,432$17,012
23 years$49,814$38,890$30,036$22,981$17,443$15,158
24 years$47,232$36,438$27,779$20,960$15,678$13,523
25 years$44,860$34,195$25,729$19,142$14,108$12,076
26 years$42,674$32,138$23,862$17,502$12,708$10,794
27 years$40,654$30,245$22,158$16,020$11,457$9,657
28 years$38,781$28,500$20,599$14,678$10,338$8,645
29 years$37,040$26,886$19,169$13,460$9,335$7,745
30 years$35,419$25,391$17,855$12,353$8,435$6,942
31 years$33,905$24,003$16,646$11,345$7,626$6,226
32 years$32,489$22,712$15,531$10,427$6,898$5,586
33 years$31,161$21,509$14,501$9,588$6,243$5,015
34 years$29,914$20,385$13,549$8,822$5,652$4,503
35 years$28,741$19,335$12,667$8,121$5,119$4,045
36 years$27,635$18,352$11,850$7,479$4,639$3,634
37 years$26,592$17,430$11,091$6,891$4,204$3,266
38 years$25,606$16,565$10,387$6,352$3,811$2,936
39 years$24,673$15,751$9,731$5,857$3,456$2,640
40 years$23,789$14,986$9,121$5,402$3,135$2,375
41 years$22,950$14,266$8,553$4,984$2,844$2,136
42 years$22,153$13,586$8,023$4,600$2,581$1,922
43 years$21,395$12,945$7,528$4,246$2,342$1,729
44 years$20,674$12,339$7,066$3,920$2,126$1,556
45 years$19,986$11,766$6,635$3,621$1,930$1,400
46 years$19,331$11,225$6,232$3,344$1,752$1,260
47 years$18,705$10,712$5,855$3,090$1,591$1,135
48 years$18,107$10,226$5,502$2,855$1,445$1,021
49 years$17,536$9,765$5,171$2,639$1,312$920
50 years$16,988$9,328$4,862$2,439$1,192$828

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 $3,088 every year, while hoping to spend $48,017 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: 59/15/26 Blend
58$17,400,000$17,400,000$17,400,000$17,400,000
59$19,177,985$18,255,785$17,986,085$20,174,488
60$21,083,050$19,099,229$18,537,529$21,698,156
61$23,180,822$19,982,392$19,105,838$23,353,884
62$25,490,907$20,907,170$19,691,524$25,158,875
63$28,034,908$21,875,550$20,295,119$27,127,631
64$30,836,631$22,889,615$20,917,168$29,276,103
65$33,922,308$23,951,546$21,558,233$31,621,843
66$37,320,845$25,063,633$22,218,895$34,184,160
67$41,064,093$26,228,274$22,899,751$36,984,303
68$45,187,154$27,447,983$23,601,416$40,045,652
69$49,728,705$28,725,395$24,324,524$43,393,942
70$54,731,366$30,063,272$25,069,729$47,057,493
71$60,242,104$31,464,511$25,837,703$51,067,480
72$66,312,673$32,932,147$26,629,142$55,458,215
73$73,000,106$34,469,363$27,444,758$60,267,473
74$80,367,249$36,079,493$28,285,289$65,536,839
75$88,483,355$37,766,036$29,151,493$71,312,094
76$97,424,742$39,532,656$30,044,153$77,643,644
77$107,275,507$41,383,197$30,964,074$84,586,991
78$118,128,324$43,321,689$31,912,085$92,203,245
79$130,085,315$45,352,354$32,889,042$100,559,699
80$143,259,018$47,479,620$33,895,826$109,730,457
81$157,773,447$49,708,131$34,933,345$119,797,124
82$173,765,261$52,042,751$36,002,534$130,849,571
83$191,385,055$54,488,584$37,104,357$142,986,775
84$210,798,785$57,050,978$38,239,807$156,317,743
85$232,189,327$59,735,542$39,409,906$170,962,538
86$255,758,210$62,548,156$40,615,710$187,053,397
87$281,727,514$65,494,982$41,858,303$204,735,974
88$310,341,970$68,582,486$43,138,806$224,170,707
89$341,871,265$71,817,441$44,458,370$245,534,317
90$376,612,592$75,206,954$45,818,183$269,021,470
91$414,893,454$78,758,472$47,219,470$294,846,603
92$457,074,755$82,479,806$48,663,490$323,245,936
93$503,554,206$86,379,143$50,151,544$354,479,693
94$554,770,083$90,465,069$51,684,969$388,834,540
95$611,205,361$94,746,586$53,265,144$426,626,286
96$673,392,271$99,233,133$54,893,490$468,202,846
97$741,917,331$103,934,605$56,571,470$513,947,511
98$817,426,877$108,861,379$58,300,593$564,282,555
99$900,633,168$114,024,335$60,082,412$619,673,203
100$992,321,105$119,434,882$61,918,527$680,632,010