Can I retire at age 59 with 18,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,393,307
2 years$735,853$722,148$708,867$695,989$683,498$641,486
3 years$485,696$471,932$458,684$445,927$433,639$392,970
4 years$360,642$346,920$333,804$321,265$309,275$270,260
5 years$285,629$271,990$259,046$246,762$235,106$197,852
6 years$235,636$222,100$209,347$197,338$186,031$150,572
7 years$199,942$186,519$173,969$162,242$151,293$117,628
8 years$173,183$159,881$147,539$136,101$125,512$93,622
9 years$152,381$139,205$127,076$115,928$105,700$75,550
10 years$135,750$122,703$110,787$99,931$90,061$61,612
11 years$122,151$109,235$97,535$86,970$77,456$50,659
12 years$110,827$98,044$86,560$76,284$67,122$41,924
13 years$101,253$88,603$77,336$67,348$58,531$34,876
14 years$93,053$80,537$69,487$59,784$51,308$29,135
15 years$85,953$73,572$62,737$53,317$45,176$24,424
16 years$79,747$67,501$56,880$47,739$39,926$20,532
17 years$74,276$62,166$51,759$42,893$35,402$17,301
18 years$69,419$57,444$47,249$38,655$31,477$14,607
19 years$65,078$53,239$43,254$34,929$28,057$12,353
20 years$61,176$49,472$39,697$31,634$25,061$10,461
21 years$57,651$46,081$36,513$28,710$22,426$8,869
22 years$54,450$43,015$33,653$26,104$20,102$7,527
23 years$51,531$40,231$31,072$23,774$18,045$6,393
24 years$48,860$37,694$28,737$21,683$16,219$5,433
25 years$46,407$35,374$26,616$19,802$14,595$4,620
26 years$44,146$33,246$24,685$18,106$13,146$3,931
27 years$42,055$31,288$22,922$16,573$11,853$3,346
28 years$40,118$29,483$21,309$15,184$10,695$2,849
29 years$38,318$27,814$19,830$13,924$9,657$2,427
30 years$36,640$26,267$18,471$12,779$8,726$2,068
31 years$35,074$24,831$17,220$11,737$7,889$1,762
32 years$33,609$23,495$16,066$10,786$7,136$1,502
33 years$32,235$22,250$15,001$9,919$6,458$1,280
34 years$30,945$21,088$14,016$9,126$5,847$1,091
35 years$29,732$20,002$13,104$8,401$5,296$931
36 years$28,588$18,985$12,259$7,737$4,798$794
37 years$27,509$18,031$11,474$7,129$4,349$677
38 years$26,489$17,136$10,745$6,571$3,943$577
39 years$25,524$16,295$10,067$6,059$3,575$492
40 years$24,609$15,503$9,436$5,588$3,243$420
41 years$23,741$14,757$8,848$5,156$2,942$358
42 years$22,917$14,054$8,299$4,758$2,670$306
43 years$22,133$13,391$7,788$4,392$2,423$261
44 years$21,387$12,764$7,310$4,056$2,199$222
45 years$20,676$12,172$6,864$3,745$1,997$190
46 years$19,997$11,612$6,447$3,460$1,813$162
47 years$19,350$11,081$6,057$3,196$1,646$138
48 years$18,732$10,578$5,692$2,954$1,495$118
49 years$18,140$10,102$5,350$2,730$1,358$101
50 years$17,574$9,650$5,030$2,523$1,233$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,000,000, adding $3,633 every year, while hoping to spend $45,353 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: 30/44/26 Blend
58$18,000,000$18,000,000$18,000,000$18,000,000
59$19,839,747$18,885,747$18,606,747$20,275,517
60$21,815,146$19,762,894$19,181,818$21,491,132
61$23,990,516$20,681,500$19,774,634$22,793,690
62$26,386,206$21,643,551$20,385,741$24,194,054
63$29,024,638$22,651,124$21,015,703$25,700,751
64$31,930,522$23,706,400$21,665,100$27,323,111
65$35,131,086$24,811,664$22,334,531$29,071,351
66$38,656,332$25,969,311$23,024,613$30,956,661
67$42,539,323$27,181,852$23,735,983$32,991,301
68$46,816,489$28,451,919$24,469,294$35,188,707
69$51,527,979$29,782,271$25,225,223$37,563,607
70$56,718,031$31,175,800$26,004,466$40,132,149
71$62,435,396$32,635,540$26,807,741$42,912,042
72$68,733,794$34,164,669$27,635,788$45,922,711
73$75,672,423$35,766,520$28,489,369$49,185,472
74$83,316,518$37,444,587$29,369,271$52,723,715
75$91,737,963$39,202,532$30,276,302$56,563,114
76$101,015,976$41,044,197$31,211,298$60,731,854
77$111,237,849$42,973,606$32,175,121$65,260,884
78$122,499,778$44,994,981$33,168,655$70,184,193
79$134,907,767$47,112,747$34,192,817$75,539,114
80$148,578,631$49,331,543$35,248,548$81,366,662
81$163,641,097$51,656,234$36,336,820$87,711,899
82$180,237,019$54,091,920$37,458,633$94,624,345
83$198,522,717$56,643,946$38,615,020$102,158,427
84$218,670,455$59,317,920$39,807,044$110,373,965
85$240,870,062$62,119,719$41,035,801$119,336,728
86$265,330,728$65,055,506$42,302,420$129,119,020
87$292,282,978$68,131,741$43,608,067$139,800,349
88$321,980,846$71,355,200$44,953,941$151,468,147
89$354,704,274$74,732,987$46,341,280$164,218,576
90$390,761,755$78,272,548$47,771,358$178,157,403
91$430,493,245$81,981,694$49,245,489$193,400,975
92$474,273,371$85,868,612$50,765,028$210,077,288
93$522,514,969$89,941,889$52,331,371$228,327,164
94$575,672,980$94,210,526$53,945,957$248,305,547
95$634,248,746$98,683,963$55,610,267$270,182,937
96$698,794,738$103,372,097$57,325,832$294,146,961
97$769,919,780$108,285,308$59,094,225$320,404,109
98$848,294,787$113,434,478$60,917,071$349,181,645
99$934,659,105$118,831,017$62,796,043$380,729,715
100$1,029,827,488$124,486,892$64,732,865$415,323,662