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%11.4%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,403,116
2 years$723,589$710,113$697,052$684,389$672,106$663,726
3 years$477,601$464,066$451,039$438,495$426,412$418,217
4 years$354,631$341,138$328,241$315,911$304,120$296,174
5 years$280,868$267,456$254,728$242,650$231,188$223,514
6 years$231,709$218,398$205,858$194,049$182,931$175,539
7 years$196,609$183,410$171,069$159,538$148,772$141,666
8 years$170,296$157,217$145,080$133,833$123,420$116,601
9 years$149,842$136,885$124,958$113,996$103,938$97,403
10 years$133,487$120,658$108,941$98,265$88,560$82,306
11 years$120,115$107,415$95,910$85,520$76,165$70,188
12 years$108,980$96,409$85,118$75,013$66,003$60,297
13 years$99,565$87,126$76,047$66,225$57,556$52,117
14 years$91,502$79,195$68,328$58,787$50,453$45,274
15 years$84,521$72,346$61,691$52,428$44,423$39,497
16 years$78,418$66,376$55,932$46,944$39,261$34,581
17 years$73,038$61,130$50,896$42,178$34,812$30,370
18 years$68,262$56,487$46,462$38,011$30,953$26,743
19 years$63,994$52,351$42,533$34,346$27,589$23,602
20 years$60,157$48,648$39,035$31,107$24,643$20,872
21 years$56,690$45,313$35,905$28,232$22,053$18,489
22 years$53,542$42,298$33,092$25,669$19,767$16,403
23 years$50,673$39,561$30,554$23,377$17,744$14,571
24 years$48,046$37,066$28,258$21,322$15,949$12,959
25 years$45,633$34,784$26,172$19,472$14,351$11,538
26 years$43,410$32,692$24,273$17,804$12,927$10,281
27 years$41,355$30,767$22,540$16,297$11,655$9,169
28 years$39,449$28,991$20,954$14,931$10,517$8,182
29 years$37,679$27,350$19,499$13,692$9,496$7,307
30 years$36,030$25,829$18,163$12,566$8,580$6,529
31 years$34,490$24,417$16,933$11,541$7,757$5,836
32 years$33,049$23,104$15,799$10,606$7,017$5,219
33 years$31,698$21,879$14,751$9,753$6,351$4,670
34 years$30,430$20,737$13,783$8,974$5,750$4,179
35 years$29,236$19,669$12,886$8,261$5,208$3,742
36 years$28,112$18,668$12,054$7,608$4,718$3,351
37 years$27,050$17,731$11,283$7,010$4,277$3,001
38 years$26,047$16,850$10,566$6,461$3,877$2,689
39 years$25,098$16,023$9,899$5,958$3,516$2,410
40 years$24,199$15,245$9,278$5,495$3,189$2,160
41 years$23,345$14,511$8,700$5,070$2,893$1,936
42 years$22,535$13,820$8,161$4,679$2,625$1,736
43 years$21,764$13,168$7,658$4,319$2,383$1,556
44 years$21,030$12,552$7,188$3,988$2,163$1,396
45 years$20,331$11,969$6,750$3,683$1,963$1,252
46 years$19,664$11,418$6,339$3,402$1,783$1,123
47 years$19,028$10,896$5,956$3,143$1,619$1,007
48 years$18,419$10,402$5,597$2,904$1,470$904
49 years$17,838$9,933$5,261$2,684$1,335$811
50 years$17,281$9,489$4,946$2,481$1,213$727

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 $6,359 every year, while hoping to spend $24,007 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: 45/25/30 Blend
58$17,700,000$17,700,000$17,700,000$17,700,000
59$19,511,959$18,573,859$18,299,509$20,220,291
60$21,476,636$19,458,435$18,887,000$21,610,895
61$23,640,905$20,385,551$19,493,366$23,115,350
62$26,025,099$21,357,265$20,119,216$24,746,606
63$28,651,626$22,375,737$20,765,176$26,516,533
64$31,545,174$23,443,231$21,431,892$28,438,170
65$34,732,954$24,562,121$22,120,033$30,525,839
66$38,244,948$25,734,898$22,830,286$32,795,275
67$42,114,196$26,964,171$23,563,364$35,263,769
68$46,377,108$28,252,679$24,320,001$37,950,322
69$51,073,805$29,603,293$25,100,953$40,875,817
70$56,248,502$31,019,023$25,907,004$44,063,213
71$61,949,921$32,503,027$26,738,960$47,537,750
72$68,231,753$34,058,615$27,597,655$51,327,179
73$75,153,164$35,689,260$28,483,949$55,462,018
74$82,779,355$37,398,602$29,398,730$59,975,831
75$91,182,176$39,190,459$30,342,913$64,905,533
76$100,440,802$41,068,837$31,317,446$70,291,732
77$110,642,488$43,037,933$32,323,304$76,179,099
78$121,883,382$45,102,152$33,361,495$82,616,784
79$134,269,440$47,266,111$34,433,059$89,658,863
80$147,917,427$49,534,654$35,539,070$97,364,843
81$162,956,012$51,912,860$36,680,636$105,800,206
82$179,526,989$54,406,054$37,858,901$115,037,021
83$197,786,614$57,019,823$39,075,047$125,154,604
84$217,907,079$59,760,025$40,330,291$136,240,261
85$240,078,138$62,632,802$41,625,893$148,390,092
86$264,508,898$65,644,599$42,963,149$161,709,885
87$291,429,792$68,802,172$44,343,402$176,316,100
88$321,094,760$72,112,607$45,768,035$192,336,953
89$353,783,636$75,583,335$47,238,475$209,913,606
90$389,804,800$79,222,152$48,756,197$229,201,485
91$429,498,082$83,037,230$50,322,722$250,371,729
92$473,237,975$87,037,143$51,939,622$273,612,782
93$521,437,167$91,230,881$53,608,517$299,132,158
94$574,550,436$95,627,873$55,331,081$327,158,373
95$633,078,950$100,238,007$57,109,041$357,943,085
96$697,574,989$105,071,656$58,944,181$391,763,443
97$768,647,168$110,139,697$60,838,340$428,924,681
98$846,966,173$115,453,536$62,793,419$469,762,976
99$933,271,102$121,025,139$64,811,378$514,648,590
100$1,028,376,438$126,867,054$66,894,242$563,989,343