Can I retire at age 59 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,428,053
2 years$748,117$734,184$720,681$707,589$694,889$663,593
3 years$493,791$479,798$466,328$453,359$440,866$410,466
4 years$366,652$352,702$339,368$326,620$314,430$285,159
5 years$290,389$276,523$263,363$250,875$239,024$210,965
6 years$239,564$225,802$212,837$200,627$189,132$162,315
7 years$203,274$189,628$176,868$164,946$153,815$128,245
8 years$176,069$162,546$149,998$138,369$127,604$103,273
9 years$154,921$141,526$129,193$117,860$107,461$84,352
10 years$138,012$124,748$112,634$101,597$91,562$69,651
11 years$124,187$111,056$99,161$88,419$78,747$58,005
12 years$112,674$99,678$88,003$77,556$68,240$48,637
13 years$102,940$90,079$78,625$68,470$59,507$41,007
14 years$94,604$81,880$70,645$60,780$52,163$34,731
15 years$87,386$74,799$63,783$54,205$45,929$29,525
16 years$81,076$68,626$57,828$48,535$40,592$25,177
17 years$75,514$63,202$52,621$43,608$35,992$21,526
18 years$70,576$58,402$48,037$39,300$32,002$18,444
19 years$66,163$54,126$43,975$35,511$28,524$15,833
20 years$62,196$50,297$40,358$32,162$25,478$13,613
21 years$58,611$46,849$37,122$29,189$22,800$11,720
22 years$55,357$43,732$34,214$26,539$20,437$10,102
23 years$52,390$40,902$31,590$24,170$18,346$8,715
24 years$49,675$38,322$29,216$22,044$16,489$7,525
25 years$47,180$35,964$27,059$20,132$14,838$6,503
26 years$44,881$33,800$25,096$18,408$13,365$5,623
27 years$42,756$31,810$23,304$16,849$12,050$4,864
28 years$40,787$29,974$21,664$15,437$10,873$4,210
29 years$38,956$28,277$20,160$14,156$9,818$3,645
30 years$37,251$26,705$18,779$12,992$8,871$3,157
31 years$35,659$25,245$17,507$11,932$8,020$2,735
32 years$34,169$23,887$16,334$10,966$7,255$2,370
33 years$32,773$22,621$15,251$10,084$6,566$2,055
34 years$31,461$21,440$14,250$9,278$5,945$1,781
35 years$30,227$20,335$13,323$8,541$5,384$1,545
36 years$29,065$19,301$12,463$7,866$4,878$1,340
37 years$27,967$18,332$11,665$7,248$4,421$1,162
38 years$26,930$17,422$10,924$6,680$4,008$1,008
39 years$25,949$16,566$10,235$6,160$3,635$874
40 years$25,019$15,761$9,593$5,681$3,297$759
41 years$24,137$15,003$8,995$5,242$2,991$658
42 years$23,299$14,289$8,438$4,838$2,714$571
43 years$22,502$13,614$7,918$4,466$2,463$496
44 years$21,743$12,977$7,432$4,123$2,236$430
45 years$21,020$12,375$6,978$3,808$2,030$373
46 years$20,331$11,805$6,554$3,517$1,843$324
47 years$19,673$11,266$6,158$3,250$1,674$281
48 years$19,044$10,755$5,786$3,003$1,520$244
49 years$18,443$10,270$5,439$2,775$1,380$212
50 years$17,867$9,810$5,113$2,565$1,254$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,300,000, adding $6,858 every year, while hoping to spend $42,227 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: 26/50/24 Blend
58$18,300,000$18,300,000$18,300,000$18,300,000
59$20,173,674$19,203,774$18,920,124$20,545,070
60$22,186,460$20,099,830$19,509,019$21,740,896
61$24,403,134$21,038,377$20,116,227$23,018,981
62$26,844,449$22,021,453$20,742,316$24,389,471
63$29,533,273$23,051,194$21,387,873$25,860,185
64$32,494,803$24,129,839$22,053,504$27,439,667
65$35,756,808$25,259,736$22,739,830$29,137,258
66$39,349,884$26,443,344$23,447,496$30,963,176
67$43,307,749$27,683,245$24,177,165$32,928,599
68$47,667,558$28,982,143$24,929,518$35,045,761
69$52,470,254$30,342,873$25,705,262$37,328,055
70$57,760,953$31,768,407$26,505,122$39,790,147
71$63,589,374$33,261,863$27,329,847$42,448,102
72$70,010,304$34,826,508$28,180,210$45,319,525
73$77,084,115$36,465,766$29,057,007$48,423,706
74$84,877,336$38,183,231$29,961,059$51,781,796
75$93,463,281$39,982,666$30,893,211$55,416,985
76$102,922,739$41,868,020$31,854,337$59,354,708
77$113,344,738$43,843,432$32,845,336$63,622,867
78$124,827,382$45,913,241$33,867,136$68,252,078
79$137,478,782$48,081,997$34,920,693$73,275,940
80$151,418,075$50,354,472$36,006,992$78,731,336
81$166,776,543$52,735,665$37,127,051$84,658,755
82$183,698,861$55,230,823$38,281,918$91,102,661
83$202,344,455$57,845,444$39,472,672$98,111,885
84$222,889,011$60,585,292$40,700,429$105,740,065
85$245,526,133$63,456,415$41,966,336$114,046,129
86$270,469,168$66,465,149$43,271,578$123,094,822
87$297,953,223$69,618,141$44,617,375$132,957,297
88$328,237,382$72,922,360$46,004,988$143,711,753
89$361,607,152$76,385,113$47,435,712$155,444,150
90$398,377,160$80,014,062$48,910,887$168,248,984
91$438,894,121$83,817,241$50,431,892$182,230,153
92$483,540,109$87,803,074$52,000,149$197,501,900
93$532,736,171$91,980,395$53,617,124$214,189,860
94$586,946,292$96,358,466$55,284,329$232,432,209
95$646,681,783$100,947,000$57,003,324$252,380,927
96$712,506,104$105,756,182$58,775,714$274,203,199
97$785,040,183$110,796,691$60,603,157$298,082,944
98$864,968,279$116,079,727$62,487,360$324,222,516
99$953,044,443$121,617,032$64,430,085$352,844,560
100$1,050,099,631$127,420,922$66,433,148$384,194,072