Can I retire at age 59 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,380,327
2 years$715,413$702,089$689,176$676,656$664,512$649,260
3 years$472,204$458,823$445,942$433,540$421,594$406,711
4 years$350,624$337,283$324,532$312,341$300,684$286,286
5 years$277,695$264,434$251,850$239,908$228,575$214,703
6 years$229,091$215,930$203,532$191,856$180,864$167,534
7 years$194,388$181,338$169,136$157,736$147,091$134,310
8 years$168,372$155,440$143,441$132,321$122,026$109,793
9 years$148,149$135,339$123,546$112,708$102,763$91,073
10 years$131,979$119,294$107,710$97,155$87,560$76,405
11 years$118,758$106,201$94,826$84,554$75,304$64,676
12 years$107,749$95,320$84,156$74,165$65,257$55,144
13 years$98,440$86,142$75,188$65,477$56,905$47,295
14 years$90,468$78,300$67,556$58,123$49,883$40,763
15 years$83,566$71,529$60,994$51,836$43,921$35,276
16 years$77,532$65,626$55,300$46,413$38,817$30,633
17 years$72,213$60,439$50,321$41,702$34,418$26,680
18 years$67,491$55,849$45,937$37,582$30,603$23,294
19 years$63,271$51,760$42,053$33,958$27,277$20,382
20 years$59,477$48,098$38,594$30,756$24,364$17,867
21 years$56,049$44,801$35,499$27,913$21,803$15,687
22 years$52,937$41,820$32,718$25,379$19,544$13,793
23 years$50,100$39,114$30,209$23,113$17,544$12,142
24 years$47,503$36,647$27,938$21,081$15,769$10,699
25 years$45,118$34,391$25,877$19,252$14,189$9,437
26 years$42,919$32,322$23,999$17,603$12,781$8,331
27 years$40,887$30,419$22,285$16,113$11,523$7,359
28 years$39,004$28,664$20,717$14,763$10,398$6,505
29 years$37,253$27,041$19,279$13,538$9,389$5,753
30 years$35,622$25,537$17,958$12,424$8,483$5,090
31 years$34,100$24,141$16,741$11,411$7,670$4,506
32 years$32,675$22,843$15,620$10,487$6,938$3,990
33 years$31,340$21,632$14,585$9,643$6,279$3,534
34 years$30,086$20,502$13,627$8,873$5,685$3,132
35 years$28,906$19,446$12,740$8,168$5,149$2,776
36 years$27,794$18,457$11,918$7,522$4,665$2,461
37 years$26,745$17,530$11,155$6,931$4,228$2,182
38 years$25,753$16,660$10,446$6,388$3,833$1,935
39 years$24,815$15,842$9,787$5,890$3,476$1,716
40 years$23,925$15,072$9,173$5,433$3,153$1,523
41 years$23,082$14,347$8,602$5,013$2,860$1,351
42 years$22,280$13,664$8,069$4,626$2,596$1,199
43 years$21,518$13,019$7,571$4,270$2,356$1,064
44 years$20,792$12,410$7,107$3,943$2,138$944
45 years$20,101$11,834$6,673$3,641$1,941$838
46 years$19,442$11,289$6,268$3,364$1,762$744
47 years$18,813$10,773$5,888$3,108$1,600$660
48 years$18,211$10,285$5,534$2,872$1,453$586
49 years$17,636$9,821$5,201$2,654$1,320$520
50 years$17,086$9,382$4,890$2,453$1,199$462

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,500,000, adding $5,891 every year, while hoping to spend $59,852 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: 58/14/28 Blend
58$17,500,000$17,500,000$17,500,000$17,500,000
59$19,291,077$18,363,577$18,092,327$20,262,059
60$21,195,084$19,199,710$18,634,737$21,764,041
61$23,291,295$20,074,807$19,193,313$23,394,164
62$25,599,250$20,990,716$19,768,532$25,170,440
63$28,140,482$21,949,369$20,360,886$27,107,058
64$30,938,718$22,952,795$20,970,883$29,219,628
65$34,020,103$24,003,118$21,599,043$31,525,325
66$37,413,447$25,102,564$22,245,904$34,043,045
67$41,150,495$26,253,467$22,912,019$36,793,581
68$45,266,231$27,458,272$23,597,957$39,799,816
69$49,799,200$28,719,541$24,304,302$43,086,935
70$54,791,881$30,039,961$25,031,659$46,682,656
71$60,291,079$31,422,345$25,780,646$50,617,489
72$66,348,374$32,869,646$26,551,903$54,925,019
73$73,020,603$34,384,953$27,346,086$59,642,219
74$80,370,397$35,971,508$28,163,872$64,809,793
75$88,466,774$37,632,708$29,005,958$70,472,553
76$97,385,786$39,372,112$29,873,059$76,679,840
77$107,211,243$41,193,453$30,765,914$83,485,984
78$118,035,498$43,100,640$31,685,280$90,950,807
79$129,960,321$45,097,774$32,631,939$99,140,184
80$143,097,860$47,189,151$33,606,696$108,126,661
81$157,571,699$49,379,276$34,610,376$117,990,128
82$173,518,021$51,672,869$35,643,833$128,818,568
83$191,086,899$54,074,880$36,707,941$140,708,882
84$210,443,709$56,590,495$37,803,603$153,767,795
85$231,770,691$59,225,153$38,931,748$168,112,856
86$255,268,669$61,984,553$40,093,329$183,873,536
87$281,158,948$64,874,671$41,289,331$201,192,447
88$309,685,402$67,901,771$42,520,764$220,226,677
89$341,116,773$71,072,418$43,788,670$241,149,260
90$375,749,213$74,393,496$45,094,119$264,150,807
91$413,909,075$77,872,220$46,438,215$289,441,288
92$455,955,997$81,516,155$47,822,092$317,252,009
93$502,286,294$85,333,231$49,246,916$347,837,780
94$553,336,698$89,331,761$50,713,890$381,479,315
95$609,588,485$93,520,462$52,224,249$418,485,861
96$671,572,015$97,908,469$53,779,266$459,198,116
97$739,871,738$102,505,362$55,380,250$503,991,421
98$815,131,714$107,321,183$57,028,546$553,279,299
99$898,061,688$112,366,460$58,725,542$607,517,339
100$989,443,796$117,652,232$60,472,663$667,207,485