Can I retire at age 59 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,400,844
2 years$731,765$718,137$704,928$692,122$679,701$653,074
3 years$482,997$469,310$456,135$443,449$431,230$405,334
4 years$358,638$344,993$331,950$319,480$307,557$282,591
5 years$284,042$270,478$257,607$245,392$233,800$209,835
6 years$234,327$220,866$208,184$196,242$184,998$162,061
7 years$198,831$185,483$173,002$161,341$150,453$128,549
8 years$172,221$158,993$146,720$135,345$124,815$103,940
9 years$151,535$138,432$126,370$115,284$105,112$85,253
10 years$134,996$122,021$110,172$99,376$89,561$70,699
11 years$121,473$108,628$96,994$86,487$77,025$59,139
12 years$110,211$97,499$86,079$75,860$66,749$49,813
13 years$100,690$88,110$76,906$66,973$58,206$42,195
14 years$92,536$80,090$69,101$59,452$51,023$35,907
15 years$85,476$73,164$62,388$53,020$44,925$30,673
16 years$79,304$67,126$56,564$47,474$39,705$26,286
17 years$73,864$61,821$51,471$42,655$35,205$22,587
18 years$69,033$57,125$46,987$38,441$31,303$19,453
19 years$64,717$52,943$43,014$34,734$27,901$16,786
20 years$60,836$49,197$39,476$31,459$24,921$14,508
21 years$57,330$45,825$36,310$28,551$22,302$12,557
22 years$54,147$42,776$33,466$25,959$19,990$10,882
23 years$51,245$40,008$30,900$23,642$17,945$9,440
24 years$48,589$37,485$28,577$21,562$16,129$8,196
25 years$46,149$35,177$26,468$19,692$14,514$7,122
26 years$43,900$33,061$24,548$18,005$13,073$6,192
27 years$41,822$31,114$22,795$16,481$11,787$5,387
28 years$39,895$29,319$21,191$15,100$10,635$4,689
29 years$38,105$27,659$19,720$13,847$9,603$4,084
30 years$36,437$26,121$18,368$12,708$8,677$3,557
31 years$34,879$24,693$17,124$11,671$7,845$3,100
32 years$33,422$23,365$15,977$10,726$7,096$2,702
33 years$32,056$22,127$14,918$9,864$6,422$2,356
34 years$30,773$20,971$13,938$9,075$5,815$2,055
35 years$29,567$19,891$13,031$8,354$5,267$1,792
36 years$28,429$18,879$12,191$7,694$4,772$1,563
37 years$27,356$17,931$11,410$7,089$4,325$1,364
38 years$26,342$17,041$10,685$6,534$3,921$1,190
39 years$25,382$16,204$10,011$6,025$3,556$1,039
40 years$24,472$15,417$9,383$5,557$3,225$907
41 years$23,609$14,675$8,798$5,127$2,926$791
42 years$22,789$13,976$8,253$4,732$2,655$691
43 years$22,010$13,317$7,745$4,368$2,409$603
44 years$21,268$12,694$7,270$4,033$2,187$527
45 years$20,561$12,104$6,826$3,725$1,985$460
46 years$19,886$11,547$6,411$3,441$1,803$401
47 years$19,243$11,020$6,023$3,179$1,637$350
48 years$18,628$10,520$5,660$2,937$1,487$306
49 years$18,039$10,046$5,320$2,714$1,350$267
50 years$17,477$9,596$5,002$2,509$1,226$233

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,900,000, adding $6,181 every year, while hoping to spend $59,943 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: 60/32/8 Blend
58$17,900,000$17,900,000$17,900,000$17,900,000
59$19,732,176$18,783,476$18,506,026$20,881,723
60$21,681,079$19,640,087$19,062,199$22,509,451
61$23,826,761$20,536,663$19,634,994$24,276,657
62$26,189,230$21,475,100$20,224,906$26,202,675
63$28,790,534$22,457,382$20,832,443$28,302,790
64$31,654,966$23,485,591$21,458,127$30,593,809
65$34,809,295$24,561,908$22,102,497$33,094,207
66$38,283,020$25,688,618$22,766,108$35,824,302
67$42,108,645$26,868,117$23,449,529$38,806,437
68$46,321,987$28,102,915$24,153,349$42,065,187
69$50,962,516$29,395,644$24,878,172$45,627,581
70$56,073,722$30,749,061$25,624,621$49,523,353
71$61,703,533$32,166,055$26,393,336$53,785,215
72$67,904,758$33,649,657$27,184,978$58,449,158
73$74,735,593$35,203,040$28,000,224$63,554,783
74$82,260,166$36,829,532$28,839,775$69,145,665
75$90,549,145$38,532,620$29,704,349$75,269,760
76$99,680,400$40,315,961$30,594,687$81,979,846
77$109,739,744$42,183,386$31,511,552$89,334,010
78$120,821,736$44,138,911$32,455,728$97,396,189
79$133,030,582$46,186,746$33,428,023$106,236,763
80$146,481,107$48,331,302$34,429,268$115,933,207
81$161,299,851$50,577,207$35,460,319$126,570,810
82$177,626,253$52,929,307$36,522,057$138,243,471
83$195,613,973$55,392,686$37,615,388$151,054,571
84$215,432,341$57,972,670$38,741,246$165,117,937
85$237,267,953$60,674,844$39,900,591$180,558,901
86$261,326,435$63,505,063$41,094,412$197,515,469
87$287,834,383$66,469,462$42,323,727$216,139,612
88$317,041,500$69,574,475$43,589,581$236,598,678
89$349,222,955$72,826,847$44,893,054$259,076,965
90$384,681,980$76,233,646$46,235,255$283,777,432
91$423,752,731$79,802,284$47,617,326$310,923,609
92$466,803,445$83,540,531$49,040,441$340,761,677
93$514,239,911$87,456,532$50,505,811$373,562,779
94$566,509,307$91,558,827$52,014,680$409,625,560
95$624,104,413$95,856,367$53,568,329$449,278,957
96$687,568,272$100,358,537$55,168,077$492,885,290
97$757,499,309$105,075,179$56,815,281$540,843,652
98$834,556,982$110,016,606$58,511,336$593,593,658
99$919,468,009$115,193,635$60,257,681$651,619,561
100$1,013,033,227$120,617,604$62,055,794$715,454,805