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%17.8%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,374,511
2 years$727,677$714,125$700,990$688,256$675,903$631,089
3 years$480,299$466,688$453,587$440,972$428,821$385,483
4 years$356,634$343,065$330,095$317,696$305,839$264,310
5 years$282,455$268,967$256,167$244,021$232,494$192,886
6 years$233,018$219,632$207,021$195,145$183,964$146,311
7 years$197,720$184,447$172,036$160,440$149,612$113,910
8 years$171,259$158,105$145,900$134,589$124,118$90,342
9 years$150,688$137,659$125,664$114,640$104,525$72,638
10 years$134,242$121,339$109,556$98,821$89,061$59,015
11 years$120,794$108,021$96,452$86,004$76,595$48,336
12 years$109,596$96,954$85,598$75,437$66,376$39,843
13 years$100,128$87,618$76,477$66,599$57,881$33,010
14 years$92,019$79,643$68,715$59,119$50,738$27,462
15 years$84,998$72,755$62,040$52,724$44,674$22,924
16 years$78,861$66,751$56,248$47,209$39,483$19,188
17 years$73,451$61,475$51,184$42,417$35,008$16,098
18 years$68,648$56,806$46,724$38,226$31,128$13,531
19 years$64,355$52,647$42,774$34,540$27,745$11,391
20 years$60,497$48,922$39,256$31,283$24,782$9,602
21 years$57,010$45,569$36,108$28,391$22,177$8,103
22 years$53,845$42,537$33,279$25,814$19,879$6,845
23 years$50,959$39,784$30,727$23,510$17,844$5,786
24 years$48,317$37,275$28,417$21,442$16,039$4,894
25 years$45,891$34,981$26,320$19,582$14,433$4,142
26 years$43,655$32,876$24,411$17,905$13,000$3,507
27 years$41,588$30,941$22,667$16,389$11,721$2,971
28 years$39,672$29,155$21,072$15,016$10,576$2,517
29 years$37,892$27,505$19,610$13,770$9,550$2,134
30 years$36,233$25,975$18,266$12,637$8,629$1,809
31 years$34,684$24,555$17,028$11,606$7,801$1,534
32 years$33,235$23,234$15,888$10,666$7,057$1,301
33 years$31,877$22,003$14,835$9,809$6,386$1,103
34 years$30,602$20,854$13,861$9,025$5,782$936
35 years$29,401$19,780$12,959$8,308$5,237$794
36 years$28,271$18,774$12,122$7,651$4,745$674
37 years$27,203$17,831$11,346$7,050$4,301$572
38 years$26,195$16,946$10,625$6,498$3,899$485
39 years$25,240$16,114$9,955$5,991$3,536$412
40 years$24,335$15,331$9,331$5,526$3,207$349
41 years$23,477$14,593$8,749$5,099$2,909$297
42 years$22,662$13,898$8,207$4,705$2,640$252
43 years$21,887$13,242$7,701$4,344$2,396$214
44 years$21,149$12,623$7,229$4,011$2,175$181
45 years$20,446$12,037$6,788$3,704$1,974$154
46 years$19,775$11,483$6,375$3,421$1,793$131
47 years$19,135$10,958$5,989$3,161$1,628$111
48 years$18,524$10,461$5,628$2,921$1,478$94
49 years$17,939$9,990$5,290$2,699$1,343$80
50 years$17,379$9,542$4,974$2,495$1,220$68

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 $5,800 every year, while hoping to spend $51,918 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: 78/17/5 Blend
58$17,800,000$17,800,000$17,800,000$17,800,000
59$19,621,583$18,678,183$18,402,283$21,147,210
60$21,567,744$19,538,173$18,963,519$23,007,900
61$23,710,673$20,438,563$19,541,816$25,040,482
62$26,070,387$21,381,278$20,137,692$27,267,864
63$28,668,939$22,368,334$20,751,678$29,709,391
64$31,530,635$23,401,845$21,384,323$32,386,359
65$34,682,253$24,484,029$22,036,191$35,322,212
66$38,153,305$25,617,209$22,707,865$38,542,760
67$41,976,307$26,803,818$23,399,944$42,076,419
68$46,187,094$28,046,408$24,113,046$45,954,477
69$50,825,152$29,347,656$24,847,807$50,211,386
70$55,933,990$30,710,365$25,604,882$54,885,079
71$61,561,558$32,137,473$26,384,946$60,017,330
72$67,760,690$33,632,062$27,188,694$65,654,138
73$74,589,609$35,197,362$28,016,844$71,846,164
74$82,112,473$36,836,756$28,870,133$78,649,198
75$90,399,983$38,553,796$29,749,320$86,124,682
76$99,530,049$40,352,199$30,655,190$94,340,290
77$109,588,523$42,235,866$31,588,548$103,370,553
78$120,670,013$44,208,884$32,550,225$113,297,566
79$132,878,775$46,275,540$33,541,078$124,211,751
80$146,329,693$48,440,324$34,561,987$136,212,705
81$161,149,370$50,707,948$35,613,861$149,410,136
82$177,477,316$53,083,348$36,697,636$163,924,894
83$195,467,269$55,571,699$37,814,274$179,890,097
84$215,288,647$58,178,429$38,964,769$197,452,388
85$237,128,143$60,909,226$40,150,142$216,773,310
86$261,191,489$63,770,053$41,371,447$238,030,821
87$287,705,399$66,767,164$42,629,769$261,420,964
88$316,919,707$69,907,112$43,926,224$287,159,717
89$349,109,728$73,196,772$45,261,964$315,485,012
90$384,578,854$76,643,348$46,638,173$346,658,981
91$423,661,419$80,254,393$48,056,074$380,970,413
92$466,725,855$84,037,829$49,516,923$418,737,477
93$514,178,168$88,001,959$51,022,016$460,310,707
94$566,465,775$92,155,489$52,572,687$506,076,306
95$624,081,723$96,507,547$54,170,311$556,459,777
96$687,569,346$101,067,704$55,816,304$611,929,929
97$757,527,392$105,845,994$57,512,122$673,003,287
98$834,615,676$110,852,938$59,259,269$740,248,956
99$919,561,311$116,099,568$61,059,291$814,293,980
100$1,013,165,569$121,597,450$62,913,780$895,829,246