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

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 $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%18%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,411,990
2 years$748,117$734,184$720,681$707,589$694,889$647,702
3 years$493,791$479,798$466,328$453,359$440,866$395,250
4 years$366,652$352,702$339,368$326,620$314,430$270,733
5 years$290,389$276,523$263,363$250,875$239,024$197,365
6 years$239,564$225,802$212,837$200,627$189,132$149,544
7 years$203,274$189,628$176,868$164,946$153,815$116,294
8 years$176,069$162,546$149,998$138,369$127,604$92,124
9 years$154,921$141,526$129,193$117,860$107,461$73,981
10 years$138,012$124,748$112,634$101,597$91,562$60,030
11 years$124,187$111,056$99,161$88,419$78,747$49,104
12 years$112,674$99,678$88,003$77,556$68,240$40,422
13 years$102,940$90,079$78,625$68,470$59,507$33,445
14 years$94,604$81,880$70,645$60,780$52,163$27,785
15 years$87,386$74,799$63,783$54,205$45,929$23,161
16 years$81,076$68,626$57,828$48,535$40,592$19,359
17 years$75,514$63,202$52,621$43,608$35,992$16,217
18 years$70,576$58,402$48,037$39,300$32,002$13,611
19 years$66,163$54,126$43,975$35,511$28,524$11,441
20 years$62,196$50,297$40,358$32,162$25,478$9,630
21 years$58,611$46,849$37,122$29,189$22,800$8,114
22 years$55,357$43,732$34,214$26,539$20,437$6,843
23 years$52,390$40,902$31,590$24,170$18,346$5,775
24 years$49,675$38,322$29,216$22,044$16,489$4,877
25 years$47,180$35,964$27,059$20,132$14,838$4,121
26 years$44,881$33,800$25,096$18,408$13,365$3,484
27 years$42,756$31,810$23,304$16,849$12,050$2,946
28 years$40,787$29,974$21,664$15,437$10,873$2,493
29 years$38,956$28,277$20,160$14,156$9,818$2,109
30 years$37,251$26,705$18,779$12,992$8,871$1,785
31 years$35,659$25,245$17,507$11,932$8,020$1,511
32 years$34,169$23,887$16,334$10,966$7,255$1,280
33 years$32,773$22,621$15,251$10,084$6,566$1,084
34 years$31,461$21,440$14,250$9,278$5,945$918
35 years$30,227$20,335$13,323$8,541$5,384$777
36 years$29,065$19,301$12,463$7,866$4,878$658
37 years$27,967$18,332$11,665$7,248$4,421$558
38 years$26,930$17,422$10,924$6,680$4,008$472
39 years$25,949$16,566$10,235$6,160$3,635$400
40 years$25,019$15,761$9,593$5,681$3,297$339
41 years$24,137$15,003$8,995$5,242$2,991$287
42 years$23,299$14,289$8,438$4,838$2,714$243
43 years$22,502$13,614$7,918$4,466$2,463$206
44 years$21,743$12,977$7,432$4,123$2,236$175
45 years$21,020$12,375$6,978$3,808$2,030$148
46 years$20,331$11,805$6,554$3,517$1,843$126
47 years$19,673$11,266$6,158$3,250$1,674$106
48 years$19,044$10,755$5,786$3,003$1,520$90
49 years$18,443$10,270$5,439$2,775$1,380$76
50 years$17,867$9,810$5,113$2,565$1,254$65

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 $6,954 every year, while hoping to spend $21,550 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: 68/7/25 Blend
58$18,300,000$18,300,000$18,300,000$18,300,000
59$20,173,773$19,203,873$18,920,223$21,415,489
60$22,208,569$20,121,934$19,531,121$23,167,981
61$24,450,192$21,084,257$20,161,763$25,081,428
62$26,919,715$22,092,990$20,812,786$27,174,329
63$29,640,361$23,150,381$21,484,849$29,464,424
64$32,637,720$24,258,792$22,178,634$31,971,237
65$35,939,993$25,420,698$22,894,843$34,716,263
66$39,578,253$26,638,694$23,634,202$37,723,168
67$43,586,747$27,915,501$24,397,459$41,018,005
68$48,003,209$29,253,975$25,185,388$44,629,464
69$52,869,224$30,657,108$25,998,787$48,589,130
70$58,230,619$32,128,040$26,838,480$52,931,789
71$64,137,891$33,670,063$27,705,317$57,695,742
72$70,646,688$35,286,628$28,600,178$62,923,171
73$77,818,335$36,981,358$29,523,969$68,660,530
74$85,720,410$38,758,048$30,477,626$74,958,979
75$94,427,380$40,620,682$31,462,116$81,874,866
76$104,021,312$42,573,434$32,478,435$89,470,250
77$114,592,638$44,620,685$33,527,615$97,813,487
78$126,241,016$46,767,027$34,610,719$106,979,868
79$139,076,267$49,017,278$35,728,845$117,052,325
80$153,219,410$51,376,489$36,883,126$128,122,211
81$168,803,812$53,849,959$38,074,732$140,290,155
82$185,976,437$56,443,243$39,304,872$153,667,008
83$204,899,241$59,162,169$40,574,793$168,374,883
84$225,750,697$62,012,849$41,885,781$184,548,302
85$248,727,481$65,001,692$43,239,168$202,335,460
86$274,046,328$68,135,419$44,636,325$221,899,619
87$301,946,081$71,421,082$46,078,669$243,420,641
88$332,689,939$74,866,073$47,567,662$267,096,678
89$366,567,950$78,478,148$49,104,816$293,146,041
90$403,899,743$82,265,439$50,691,689$321,809,246
91$445,037,547$86,236,475$52,329,891$353,351,283
92$490,369,518$90,400,204$54,021,084$388,064,107
93$540,323,401$94,766,007$55,766,983$426,269,385
94$595,370,571$99,343,724$57,569,359$468,321,526
95$656,030,479$104,143,676$59,430,042$514,611,017
96$722,875,559$109,176,687$61,350,920$565,568,100
97$796,536,631$114,454,109$63,333,941$621,666,825
98$877,708,857$119,987,850$65,381,117$683,429,510
99$967,158,302$125,790,398$67,494,527$751,431,671
100$1,065,729,171$131,874,849$69,676,316$826,307,434