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%12.5%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,373,010
2 years$711,325$698,077$685,238$672,789$660,714$646,123
3 years$469,506$456,201$443,394$431,063$419,184$404,943
4 years$348,620$335,356$322,677$310,556$298,966$285,185
5 years$276,108$262,923$250,411$238,537$227,269$213,989
6 years$227,782$214,697$202,369$190,760$179,830$167,068
7 years$193,277$180,302$168,170$156,834$146,250$134,010
8 years$167,410$154,552$142,621$131,564$121,329$109,610
9 years$147,302$134,565$122,840$112,064$102,176$90,976
10 years$131,225$118,613$107,094$96,600$87,059$76,369
11 years$118,079$105,594$94,284$84,071$74,874$64,686
12 years$107,133$94,775$83,675$73,741$64,884$55,187
13 years$97,878$85,649$74,758$65,103$56,580$47,363
14 years$89,951$77,853$67,170$57,791$49,598$40,848
15 years$83,088$71,120$60,646$51,539$43,670$35,374
16 years$77,089$65,251$54,984$46,148$38,596$30,739
17 years$71,800$60,094$50,034$41,463$34,221$26,791
18 years$67,105$55,529$45,674$37,367$30,428$23,408
19 years$62,909$51,464$41,813$33,764$27,121$20,497
20 years$59,137$47,823$38,373$30,580$24,225$17,981
21 years$55,729$44,545$35,296$27,753$21,679$15,799
22 years$52,635$41,581$32,531$25,234$19,432$13,901
23 years$49,814$38,890$30,036$22,981$17,443$12,246
24 years$47,232$36,438$27,779$20,960$15,678$10,800
25 years$44,860$34,195$25,729$19,142$14,108$9,533
26 years$42,674$32,138$23,862$17,502$12,708$8,422
27 years$40,654$30,245$22,158$16,020$11,457$7,446
28 years$38,781$28,500$20,599$14,678$10,338$6,587
29 years$37,040$26,886$19,169$13,460$9,335$5,830
30 years$35,419$25,391$17,855$12,353$8,435$5,163
31 years$33,905$24,003$16,646$11,345$7,626$4,574
32 years$32,489$22,712$15,531$10,427$6,898$4,054
33 years$31,161$21,509$14,501$9,588$6,243$3,594
34 years$29,914$20,385$13,549$8,822$5,652$3,187
35 years$28,741$19,335$12,667$8,121$5,119$2,827
36 years$27,635$18,352$11,850$7,479$4,639$2,508
37 years$26,592$17,430$11,091$6,891$4,204$2,226
38 years$25,606$16,565$10,387$6,352$3,811$1,976
39 years$24,673$15,751$9,731$5,857$3,456$1,754
40 years$23,789$14,986$9,121$5,402$3,135$1,557
41 years$22,950$14,266$8,553$4,984$2,844$1,383
42 years$22,153$13,586$8,023$4,600$2,581$1,228
43 years$21,395$12,945$7,528$4,246$2,342$1,091
44 years$20,674$12,339$7,066$3,920$2,126$969
45 years$19,986$11,766$6,635$3,621$1,930$861
46 years$19,331$11,225$6,232$3,344$1,752$765
47 years$18,705$10,712$5,855$3,090$1,591$679
48 years$18,107$10,226$5,502$2,855$1,445$604
49 years$17,536$9,765$5,171$2,639$1,312$536
50 years$16,988$9,328$4,862$2,439$1,192$477

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 $2,414 every year, while hoping to spend $23,879 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: 29/41/30 Blend
58$17,400,000$17,400,000$17,400,000$17,400,000
59$19,177,290$18,255,090$17,985,390$19,556,232
60$21,107,967$19,124,182$18,562,494$20,727,622
61$23,234,772$20,035,060$19,158,130$21,983,790
62$25,577,686$20,989,745$19,772,894$23,333,796
63$28,158,725$21,990,358$20,407,402$24,785,779
64$31,002,152$23,039,123$21,062,287$26,348,644
65$34,134,703$24,138,371$21,738,204$28,032,142
66$37,585,839$25,290,548$22,435,831$29,846,951
67$41,388,027$26,498,217$23,155,864$31,804,765
68$45,577,044$27,764,068$23,899,023$33,918,397
69$50,192,315$29,090,920$24,666,053$36,201,889
70$55,277,286$30,481,729$25,457,720$38,670,637
71$60,879,832$31,939,597$26,274,817$41,341,519
72$67,052,712$33,467,775$27,118,161$44,233,048
73$73,854,065$35,069,672$27,988,596$47,365,532
74$81,347,959$36,748,865$28,886,992$50,761,254
75$89,604,993$38,509,102$29,814,250$54,444,668
76$98,702,971$40,354,317$30,771,296$58,442,616
77$108,727,629$42,288,632$31,759,088$62,784,569
78$119,773,445$44,316,373$32,778,616$67,502,888
79$131,944,536$46,442,075$33,830,899$72,633,112
80$145,355,635$48,670,494$34,916,991$78,214,281
81$160,133,179$51,006,617$36,037,979$84,289,282
82$176,416,497$53,455,674$37,194,985$90,905,242
83$194,359,130$56,023,153$38,389,167$98,113,946
84$214,130,278$58,714,804$39,621,721$105,972,313
85$235,916,398$61,536,662$40,893,881$114,542,908
86$259,922,965$64,495,053$42,206,920$123,894,512
87$286,376,410$67,596,612$43,562,154$134,102,751
88$315,526,256$70,848,299$44,960,939$145,250,781
89$347,647,480$74,257,411$46,404,676$157,430,051
90$383,043,102$77,831,603$47,894,811$170,741,142
91$422,047,047$81,578,900$49,432,836$185,294,684
92$465,027,302$85,507,723$51,020,292$201,212,377
93$512,389,383$89,626,898$52,658,769$218,628,105
94$564,580,170$93,945,685$54,349,907$237,689,175
95$622,092,120$98,473,796$56,095,402$258,557,666
96$685,467,919$103,221,415$57,897,000$281,411,935
97$755,305,605$108,199,222$59,756,508$306,448,254
98$832,264,213$113,418,421$61,675,788$333,882,635
99$917,069,999$118,890,760$63,656,763$363,952,823
100$1,010,523,293$124,628,561$65,701,418$396,920,503