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%14.6%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,376,802
2 years$719,501$706,101$693,114$680,522$668,309$641,567
3 years$474,902$461,445$448,491$436,017$424,003$397,998
4 years$352,627$339,211$326,386$314,126$302,402$277,336
5 years$279,281$265,945$253,289$241,279$229,881$205,825
6 years$230,400$217,164$204,695$192,953$181,897$158,878
7 years$195,499$182,374$170,103$158,637$147,931$125,954
8 years$169,334$156,328$144,261$133,077$122,723$101,782
9 years$148,995$136,112$124,252$113,352$103,351$83,433
10 years$132,733$119,976$108,325$97,710$88,060$69,147
11 years$119,437$106,808$95,368$85,037$75,735$57,805
12 years$108,364$95,865$84,637$74,589$65,630$48,658
13 years$99,003$86,634$75,617$65,851$57,231$41,189
14 years$90,985$78,748$67,942$58,455$50,168$35,027
15 years$84,043$71,937$61,343$52,132$44,172$29,901
16 years$77,975$66,001$55,616$46,678$39,039$25,606
17 years$72,626$60,785$50,609$41,940$34,615$21,987
18 years$67,876$56,168$46,199$37,796$30,778$18,922
19 years$63,632$52,056$42,293$34,152$27,433$16,316
20 years$59,817$48,373$38,815$30,932$24,504$14,092
21 years$56,369$45,057$35,702$28,072$21,928$12,187
22 years$53,240$42,059$32,905$25,524$19,655$10,553
23 years$50,386$39,337$30,382$23,245$17,644$9,148
24 years$47,775$36,856$28,098$21,201$15,859$7,936
25 years$45,376$34,588$26,024$19,362$14,270$6,890
26 years$43,165$32,507$24,136$17,704$12,854$5,986
27 years$41,121$30,593$22,413$16,205$11,589$5,204
28 years$39,227$28,828$20,835$14,847$10,457$4,526
29 years$37,466$27,196$19,389$13,615$9,443$3,938
30 years$35,826$25,683$18,060$12,495$8,532$3,428
31 years$34,295$24,279$16,837$11,476$7,714$2,985
32 years$32,862$22,973$15,709$10,547$6,978$2,600
33 years$31,519$21,756$14,668$9,698$6,315$2,265
34 years$30,258$20,620$13,705$8,923$5,717$1,973
35 years$29,071$19,557$12,813$8,214$5,178$1,720
36 years$27,953$18,563$11,986$7,565$4,692$1,499
37 years$26,898$17,630$11,219$6,970$4,252$1,307
38 years$25,900$16,755$10,506$6,425$3,855$1,139
39 years$24,956$15,933$9,843$5,924$3,496$993
40 years$24,062$15,159$9,226$5,464$3,171$866
41 years$23,213$14,429$8,651$5,041$2,877$756
42 years$22,407$13,742$8,115$4,652$2,610$659
43 years$21,641$13,093$7,615$4,295$2,369$575
44 years$20,911$12,481$7,148$3,966$2,150$501
45 years$20,216$11,902$6,711$3,662$1,952$437
46 years$19,553$11,354$6,304$3,383$1,772$382
47 years$18,920$10,835$5,922$3,125$1,610$333
48 years$18,315$10,343$5,565$2,888$1,462$290
49 years$17,737$9,877$5,231$2,669$1,328$253
50 years$17,184$9,435$4,918$2,467$1,206$221

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 $5,715 every year, while hoping to spend $57,738 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: 76/5/19 Blend
58$17,600,000$17,600,000$17,600,000$17,600,000
59$19,401,095$18,468,295$18,195,495$20,789,917
60$21,318,574$19,311,809$18,743,611$22,553,529
61$23,429,701$20,194,719$19,308,154$24,478,972
62$25,754,166$21,118,897$19,889,614$26,588,582
63$28,313,668$22,086,300$20,488,493$28,900,733
64$31,132,115$23,098,981$21,105,310$31,435,659
65$34,235,854$24,159,094$21,740,601$34,215,643
66$37,653,913$25,268,892$22,394,914$37,265,225
67$41,418,284$26,430,740$23,068,815$40,611,431
68$45,564,217$27,647,114$23,762,888$44,284,031
69$50,130,554$28,920,610$24,477,732$48,315,809
70$55,160,100$30,253,949$25,213,965$52,742,879
71$60,700,021$31,649,983$25,972,224$57,605,019
72$66,802,291$33,111,700$26,753,162$62,946,044
73$73,524,186$34,642,235$27,557,453$68,814,218
74$80,928,818$36,244,869$28,385,793$75,262,711
75$89,085,735$37,923,045$29,238,894$82,350,089
76$98,071,576$39,680,370$30,117,494$90,140,875
77$107,970,794$41,520,626$31,022,347$98,706,146
78$118,876,454$43,447,776$31,954,235$108,124,206
79$130,891,110$45,465,974$32,913,959$118,481,323
80$144,127,772$47,579,576$33,902,345$129,872,536
81$158,710,975$49,793,145$34,920,244$142,402,553
82$174,777,953$52,111,468$35,968,531$156,186,732
83$192,479,935$54,539,561$37,048,108$171,352,171
84$211,983,570$57,082,680$38,159,900$188,038,899
85$233,472,501$59,746,339$39,304,865$206,401,201
86$257,149,102$62,536,316$40,483,983$226,609,062
87$283,236,382$65,458,667$41,698,268$248,849,776
88$311,980,094$68,519,742$42,948,761$273,329,702
89$343,651,053$71,726,199$44,236,534$300,276,213
90$378,547,692$75,085,015$45,562,690$329,939,838
91$416,998,883$78,603,506$46,928,366$362,596,619
92$459,367,033$82,289,342$48,334,731$398,550,712
93$506,051,514$86,150,564$49,782,988$438,137,257
94$557,492,428$90,195,600$51,274,377$481,725,535
95$614,174,759$94,433,289$52,810,172$529,722,444
96$676,632,959$98,872,894$54,391,687$582,576,341
97$745,455,985$103,524,130$56,020,273$640,781,267
98$821,292,863$108,397,180$57,697,319$704,881,600
99$904,858,814$113,502,721$59,424,259$775,477,194
100$996,942,005$118,851,947$61,202,564$853,229,033