Can I retire at age 59 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,401,940
2 years$723,589$710,113$697,052$684,389$672,106$662,543
3 years$477,601$464,066$451,039$438,495$426,412$417,063
4 years$354,631$341,138$328,241$315,911$304,120$295,059
5 years$280,868$267,456$254,728$242,650$231,188$222,440
6 years$231,709$218,398$205,858$194,049$182,931$174,509
7 years$196,609$183,410$171,069$159,538$148,772$140,679
8 years$170,296$157,217$145,080$133,833$123,420$115,657
9 years$149,842$136,885$124,958$113,996$103,938$96,502
10 years$133,487$120,658$108,941$98,265$88,560$81,447
11 years$120,115$107,415$95,910$85,520$76,165$69,370
12 years$108,980$96,409$85,118$75,013$66,003$59,521
13 years$99,565$87,126$76,047$66,225$57,556$51,379
14 years$91,502$79,195$68,328$58,787$50,453$44,575
15 years$84,521$72,346$61,691$52,428$44,423$38,835
16 years$78,418$66,376$55,932$46,944$39,261$33,956
17 years$73,038$61,130$50,896$42,178$34,812$29,780
18 years$68,262$56,487$46,462$38,011$30,953$26,186
19 years$63,994$52,351$42,533$34,346$27,589$23,078
20 years$60,157$48,648$39,035$31,107$24,643$20,379
21 years$56,690$45,313$35,905$28,232$22,053$18,026
22 years$53,542$42,298$33,092$25,669$19,767$15,968
23 years$50,673$39,561$30,554$23,377$17,744$14,164
24 years$48,046$37,066$28,258$21,322$15,949$12,578
25 years$45,633$34,784$26,172$19,472$14,351$11,180
26 years$43,410$32,692$24,273$17,804$12,927$9,947
27 years$41,355$30,767$22,540$16,297$11,655$8,857
28 years$39,449$28,991$20,954$14,931$10,517$7,892
29 years$37,679$27,350$19,499$13,692$9,496$7,036
30 years$36,030$25,829$18,163$12,566$8,580$6,276
31 years$34,490$24,417$16,933$11,541$7,757$5,602
32 years$33,049$23,104$15,799$10,606$7,017$5,001
33 years$31,698$21,879$14,751$9,753$6,351$4,467
34 years$30,430$20,737$13,783$8,974$5,750$3,991
35 years$29,236$19,669$12,886$8,261$5,208$3,568
36 years$28,112$18,668$12,054$7,608$4,718$3,189
37 years$27,050$17,731$11,283$7,010$4,277$2,852
38 years$26,047$16,850$10,566$6,461$3,877$2,551
39 years$25,098$16,023$9,899$5,958$3,516$2,282
40 years$24,199$15,245$9,278$5,495$3,189$2,042
41 years$23,345$14,511$8,700$5,070$2,893$1,827
42 years$22,535$13,820$8,161$4,679$2,625$1,635
43 years$21,764$13,168$7,658$4,319$2,383$1,464
44 years$21,030$12,552$7,188$3,988$2,163$1,311
45 years$20,331$11,969$6,750$3,683$1,963$1,173
46 years$19,664$11,418$6,339$3,402$1,783$1,051
47 years$19,028$10,896$5,956$3,143$1,619$941
48 years$18,419$10,402$5,597$2,904$1,470$842
49 years$17,838$9,933$5,261$2,684$1,335$754
50 years$17,281$9,489$4,946$2,481$1,213$676

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,700,000, adding $6,117 every year, while hoping to spend $51,267 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: 53/27/20 Blend
58$17,700,000$17,700,000$17,700,000$17,700,000
59$19,511,710$18,573,610$18,299,260$20,438,603
60$21,447,356$19,429,169$18,857,737$21,931,397
61$23,578,721$20,324,932$19,433,205$23,549,025
62$25,925,712$21,262,816$20,026,180$25,308,144
63$28,510,268$22,244,827$20,637,190$27,222,246
64$31,356,563$23,273,071$21,266,784$29,306,159
65$34,491,235$24,349,754$21,915,523$31,576,183
66$37,943,637$25,477,188$22,583,989$34,050,237
67$41,746,114$26,657,797$23,272,779$36,748,021
68$45,934,309$27,894,120$23,982,509$39,691,202
69$50,547,498$29,188,821$24,713,812$42,903,602
70$55,628,961$30,544,692$25,467,343$46,411,427
71$61,226,390$31,964,656$26,243,774$50,243,500
72$67,392,340$33,451,782$27,043,798$54,431,527
73$74,184,723$35,009,285$27,868,130$59,010,392
74$81,667,359$36,640,533$28,717,506$64,018,475
75$89,910,570$38,349,060$29,592,684$69,498,006
76$98,991,853$40,138,569$30,494,443$75,495,459
77$108,996,605$42,012,942$31,423,590$82,061,977
78$120,018,930$43,976,247$32,380,952$89,253,845
79$132,162,530$46,032,752$33,367,382$97,133,017
80$145,541,679$48,186,928$34,383,761$105,767,685
81$160,282,306$50,443,464$35,430,993$115,232,914
82$176,523,182$52,807,274$36,510,012$125,611,339
83$194,417,228$55,283,512$37,621,779$136,993,933
84$214,132,960$57,877,579$38,767,283$149,480,857
85$235,856,080$60,595,138$39,947,544$163,182,384
86$259,791,226$63,442,126$41,163,614$178,219,936
87$286,163,910$66,424,768$42,416,573$194,727,210
88$315,222,637$69,549,591$43,707,537$212,851,430
89$347,241,260$72,823,434$45,037,653$232,754,715
90$382,521,558$76,253,473$46,408,104$254,615,601
91$421,396,090$79,847,226$47,820,109$278,630,703
92$464,231,331$83,612,580$49,274,922$305,016,557
93$511,431,131$87,557,800$50,773,836$334,011,645
94$563,440,528$91,691,554$52,318,182$365,878,627
95$620,749,952$96,022,930$53,909,331$400,906,800
96$683,899,849$100,561,456$55,548,696$439,414,809
97$753,485,789$105,317,122$57,237,731$481,753,632
98$830,164,080$110,300,403$58,977,937$528,309,871
99$914,657,974$115,522,280$60,770,856$579,509,376
100$1,007,764,486$120,994,270$62,618,078$635,821,244