Can I retire at age 59 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,393,436
2 years$719,501$706,101$693,114$680,522$668,309$658,213
3 years$474,902$461,445$448,491$436,017$424,003$414,135
4 years$352,627$339,211$326,386$314,126$302,402$292,840
5 years$279,281$265,945$253,289$241,279$229,881$220,652
6 years$230,400$217,164$204,695$192,953$181,897$173,013
7 years$195,499$182,374$170,103$158,637$147,931$139,396
8 years$169,334$156,328$144,261$133,077$122,723$114,537
9 years$148,995$136,112$124,252$113,352$103,351$95,511
10 years$132,733$119,976$108,325$97,710$88,060$80,563
11 years$119,437$106,808$95,368$85,037$75,735$68,575
12 years$108,364$95,865$84,637$74,589$65,630$58,802
13 years$99,003$86,634$75,617$65,851$57,231$50,726
14 years$90,985$78,748$67,942$58,455$50,168$43,979
15 years$84,043$71,937$61,343$52,132$44,172$38,291
16 years$77,975$66,001$55,616$46,678$39,039$33,457
17 years$72,626$60,785$50,609$41,940$34,615$29,322
18 years$67,876$56,168$46,199$37,796$30,778$25,766
19 years$63,632$52,056$42,293$34,152$27,433$22,691
20 years$59,817$48,373$38,815$30,932$24,504$20,022
21 years$56,369$45,057$35,702$28,072$21,928$17,698
22 years$53,240$42,059$32,905$25,524$19,655$15,666
23 years$50,386$39,337$30,382$23,245$17,644$13,885
24 years$47,775$36,856$28,098$21,201$15,859$12,321
25 years$45,376$34,588$26,024$19,362$14,270$10,944
26 years$43,165$32,507$24,136$17,704$12,854$9,729
27 years$41,121$30,593$22,413$16,205$11,589$8,656
28 years$39,227$28,828$20,835$14,847$10,457$7,706
29 years$37,466$27,196$19,389$13,615$9,443$6,865
30 years$35,826$25,683$18,060$12,495$8,532$6,119
31 years$34,295$24,279$16,837$11,476$7,714$5,457
32 years$32,862$22,973$15,709$10,547$6,978$4,868
33 years$31,519$21,756$14,668$9,698$6,315$4,345
34 years$30,258$20,620$13,705$8,923$5,717$3,879
35 years$29,071$19,557$12,813$8,214$5,178$3,464
36 years$27,953$18,563$11,986$7,565$4,692$3,094
37 years$26,898$17,630$11,219$6,970$4,252$2,764
38 years$25,900$16,755$10,506$6,425$3,855$2,470
39 years$24,956$15,933$9,843$5,924$3,496$2,208
40 years$24,062$15,159$9,226$5,464$3,171$1,974
41 years$23,213$14,429$8,651$5,041$2,877$1,765
42 years$22,407$13,742$8,115$4,652$2,610$1,578
43 years$21,641$13,093$7,615$4,295$2,369$1,412
44 years$20,911$12,481$7,148$3,966$2,150$1,263
45 years$20,216$11,902$6,711$3,662$1,952$1,129
46 years$19,553$11,354$6,304$3,383$1,772$1,010
47 years$18,920$10,835$5,922$3,125$1,610$904
48 years$18,315$10,343$5,565$2,888$1,462$809
49 years$17,737$9,877$5,231$2,669$1,328$724
50 years$17,184$9,435$4,918$2,467$1,206$648

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,600,000, adding $3,583 every year, while hoping to spend $59,173 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: 65/14/21 Blend
58$17,600,000$17,600,000$17,600,000$17,600,000
59$19,398,896$18,466,096$18,193,296$20,555,646
60$21,314,624$19,307,975$18,739,812$22,175,478
61$23,423,772$20,189,123$19,302,653$23,937,982
62$25,746,009$21,111,401$19,882,303$25,862,814
63$28,303,003$22,076,761$20,479,261$27,965,892
64$31,118,634$23,087,247$21,094,041$30,264,732
65$34,219,214$24,145,002$21,727,171$32,778,611
66$37,633,738$25,252,271$22,379,195$35,528,745
67$41,394,154$26,411,407$23,050,673$38,538,487
68$45,535,668$27,624,876$23,742,181$41,833,543
69$50,097,075$28,895,264$24,454,313$45,442,210
70$55,121,124$30,225,280$25,187,680$49,395,639
71$60,654,921$31,617,761$25,942,910$53,728,126
72$66,750,377$33,075,685$26,720,651$58,477,432
73$73,464,691$34,602,169$27,521,569$63,685,133
74$80,860,897$36,200,483$28,346,349$69,397,008
75$89,008,455$37,874,053$29,195,698$75,663,468
76$97,983,906$39,626,470$30,070,342$82,540,025
77$107,871,595$41,461,498$30,971,029$90,087,811
78$118,764,468$43,383,082$31,898,529$98,374,149
79$130,764,949$45,395,358$32,853,635$107,473,186
80$143,985,903$47,502,660$33,837,162$117,466,580
81$158,551,708$49,709,533$34,849,948$128,444,273
82$174,599,420$52,020,738$35,892,860$140,505,326
83$192,280,075$54,441,268$36,966,785$153,758,853
84$211,760,110$56,976,358$38,072,639$168,325,038
85$233,222,934$59,631,491$39,211,365$184,336,270
86$256,870,659$62,412,421$40,383,932$201,938,376
87$282,926,010$65,325,173$41,591,338$221,291,997
88$311,634,425$68,376,069$42,834,610$242,574,090
89$343,266,373$71,571,732$44,114,805$265,979,596
90$378,119,904$74,919,108$45,433,012$291,723,263
91$416,523,466$78,425,477$46,790,351$320,041,674
92$458,839,005$82,098,471$48,187,973$351,195,459
93$505,465,379$85,946,091$49,627,065$385,471,754
94$556,842,123$89,976,725$51,108,847$423,186,897
95$613,453,603$94,199,168$52,634,577$464,689,401
96$675,833,582$98,622,638$54,205,546$510,363,236
97$744,570,261$103,256,801$55,823,086$560,631,441
98$820,311,833$108,111,790$57,488,565$615,960,102
99$903,772,602$113,198,229$59,203,393$676,862,739
100$995,739,721$118,527,256$60,969,021$743,905,144