Can I retire at age 59 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,397,609
2 years$727,677$714,125$700,990$688,256$675,903$654,005
3 years$480,299$466,688$453,587$440,972$428,821$407,494
4 years$356,634$343,065$330,095$317,696$305,839$285,247
5 years$282,455$268,967$256,167$244,021$232,494$212,697
6 years$233,018$219,632$207,021$195,145$183,964$164,985
7 years$197,720$184,447$172,036$160,440$149,612$131,457
8 years$171,259$158,105$145,900$134,589$124,118$106,784
9 years$150,688$137,659$125,664$114,640$104,525$88,004
10 years$134,242$121,339$109,556$98,821$89,061$73,338
11 years$120,794$108,021$96,452$86,004$76,595$61,656
12 years$109,596$96,954$85,598$75,437$66,376$52,202
13 years$100,128$87,618$76,477$66,599$57,881$44,451
14 years$92,019$79,643$68,715$59,119$50,738$38,032
15 years$84,998$72,755$62,040$52,724$44,674$32,667
16 years$78,861$66,751$56,248$47,209$39,483$28,152
17 years$73,451$61,475$51,184$42,417$35,008$24,329
18 years$68,648$56,806$46,724$38,226$31,128$21,075
19 years$64,355$52,647$42,774$34,540$27,745$18,293
20 years$60,497$48,922$39,256$31,283$24,782$15,906
21 years$57,010$45,569$36,108$28,391$22,177$13,851
22 years$53,845$42,537$33,279$25,814$19,879$12,076
23 years$50,959$39,784$30,727$23,510$17,844$10,541
24 years$48,317$37,275$28,417$21,442$16,039$9,210
25 years$45,891$34,981$26,320$19,582$14,433$8,054
26 years$43,655$32,876$24,411$17,905$13,000$7,047
27 years$41,588$30,941$22,667$16,389$11,721$6,171
28 years$39,672$29,155$21,072$15,016$10,576$5,406
29 years$37,892$27,505$19,610$13,770$9,550$4,739
30 years$36,233$25,975$18,266$12,637$8,629$4,155
31 years$34,684$24,555$17,028$11,606$7,801$3,645
32 years$33,235$23,234$15,888$10,666$7,057$3,199
33 years$31,877$22,003$14,835$9,809$6,386$2,808
34 years$30,602$20,854$13,861$9,025$5,782$2,465
35 years$29,401$19,780$12,959$8,308$5,237$2,165
36 years$28,271$18,774$12,122$7,651$4,745$1,901
37 years$27,203$17,831$11,346$7,050$4,301$1,670
38 years$26,195$16,946$10,625$6,498$3,899$1,467
39 years$25,240$16,114$9,955$5,991$3,536$1,289
40 years$24,335$15,331$9,331$5,526$3,207$1,133
41 years$23,477$14,593$8,749$5,099$2,909$996
42 years$22,662$13,898$8,207$4,705$2,640$875
43 years$21,887$13,242$7,701$4,344$2,396$769
44 years$21,149$12,623$7,229$4,011$2,175$676
45 years$20,446$12,037$6,788$3,704$1,974$595
46 years$19,775$11,483$6,375$3,421$1,793$523
47 years$19,135$10,958$5,989$3,161$1,628$460
48 years$18,524$10,461$5,628$2,921$1,478$404
49 years$17,939$9,990$5,290$2,699$1,343$355
50 years$17,379$9,542$4,974$2,495$1,220$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,800,000, adding $5,358 every year, while hoping to spend $49,972 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: 70/16/14 Blend
58$17,800,000$17,800,000$17,800,000$17,800,000
59$19,621,127$18,677,727$18,401,827$20,932,703
60$21,569,312$19,539,766$18,965,118$22,666,647
61$23,714,537$20,442,369$19,545,605$24,557,098
62$26,076,848$21,387,473$20,143,810$26,624,710
63$28,678,332$22,377,105$20,760,274$28,886,940
64$31,543,329$23,413,391$21,395,550$31,363,002
65$34,698,660$24,498,558$22,050,213$34,074,041
66$38,173,879$25,634,943$22,724,851$37,043,333
67$42,001,553$26,824,994$23,420,071$40,296,500
68$46,217,569$28,071,276$24,136,501$43,861,745
69$50,861,472$29,376,479$24,874,785$47,770,120
70$55,976,839$30,743,424$25,635,587$52,055,808
71$61,611,689$32,175,064$26,419,592$56,756,447
72$67,818,938$33,674,500$27,227,505$61,913,479
73$74,656,897$35,244,977$28,060,054$67,572,535
74$82,189,821$36,889,902$28,917,986$73,783,861
75$90,488,518$38,612,842$29,802,074$80,602,790
76$99,631,015$40,417,539$30,713,111$88,090,255
77$109,703,296$42,307,916$31,651,918$96,313,359
78$120,800,111$44,288,083$32,619,337$105,346,008
79$133,025,875$46,362,352$33,616,237$115,269,595
80$146,495,648$48,535,240$34,643,514$126,173,765
81$161,336,223$50,811,486$35,702,091$138,157,257
82$177,687,324$53,196,056$36,792,918$151,328,824
83$195,702,924$55,694,155$37,916,973$165,808,257
84$215,552,698$58,311,244$39,075,267$181,727,504
85$237,423,622$61,053,044$40,268,838$199,231,913
86$261,521,745$63,925,556$41,498,757$218,481,589
87$288,074,124$66,935,070$42,766,127$239,652,902
88$317,330,977$70,088,181$44,072,084$262,940,140
89$349,568,037$73,391,802$45,417,800$288,557,335
90$385,089,161$76,853,184$46,804,480$316,740,272
91$424,229,192$80,479,928$48,233,367$347,748,707
92$467,357,126$84,280,001$49,705,741$381,868,806
93$514,879,591$88,261,759$51,222,922$419,415,833
94$567,244,687$92,433,962$52,786,267$460,737,122
95$624,946,215$96,805,796$54,397,177$506,215,336
96$688,528,339$101,386,891$56,057,093$556,272,067
97$758,590,725$106,187,344$57,767,501$611,371,808
98$835,794,198$111,217,743$59,529,931$672,026,318
99$920,866,983$116,489,188$61,345,960$738,799,441
100$1,014,611,578$122,013,321$63,217,212$812,312,415