Can I retire at age 59 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,423,697
2 years$752,205$738,196$724,619$711,455$698,687$655,176
3 years$496,489$482,419$468,877$455,836$443,275$401,162
4 years$368,656$354,629$341,222$328,404$316,148$275,756
5 years$291,976$278,034$264,802$252,246$240,331$201,769
6 years$240,873$227,035$214,000$201,723$190,165$153,469
7 years$204,385$190,664$177,835$165,848$154,655$119,823
8 years$177,031$163,434$150,818$139,126$128,302$95,312
9 years$155,768$142,299$129,899$118,504$108,048$76,868
10 years$138,767$125,430$113,249$102,152$92,063$62,648
11 years$124,866$111,663$99,703$88,903$79,177$51,477
12 years$113,290$100,222$88,484$77,980$68,613$42,573
13 years$103,503$90,572$79,054$68,844$59,832$35,391
14 years$95,121$82,327$71,031$61,112$52,448$29,546
15 years$87,863$75,207$64,131$54,501$46,180$24,750
16 years$81,519$69,001$58,144$48,800$40,814$20,792
17 years$75,927$63,548$52,909$43,846$36,188$17,507
18 years$70,962$58,721$48,299$39,514$32,177$14,770
19 years$66,524$54,422$44,216$35,705$28,680$12,482
20 years$62,536$50,571$40,579$32,337$25,617$10,562
21 years$58,932$47,105$37,325$29,348$22,925$8,948
22 years$55,660$43,971$34,400$26,684$20,549$7,587
23 years$52,677$41,125$31,763$24,302$18,446$6,439
24 years$49,946$38,532$29,375$22,165$16,580$5,468
25 years$47,438$36,160$27,207$20,242$14,919$4,647
26 years$45,127$33,985$25,233$18,508$13,439$3,950
27 years$42,990$31,984$23,431$16,941$12,116$3,360
28 years$41,010$30,138$21,783$15,522$10,932$2,858
29 years$39,169$28,432$20,270$14,234$9,872$2,433
30 years$37,454$26,851$18,881$13,063$8,920$2,071
31 years$35,854$25,383$17,602$11,997$8,064$1,763
32 years$34,356$24,017$16,423$11,026$7,295$1,502
33 years$32,952$22,745$15,335$10,139$6,602$1,279
34 years$31,633$21,557$14,328$9,329$5,977$1,090
35 years$30,392$20,446$13,395$8,588$5,414$928
36 years$29,223$19,407$12,531$7,909$4,905$791
37 years$28,120$18,432$11,729$7,287$4,446$674
38 years$27,078$17,517$10,984$6,717$4,030$574
39 years$26,091$16,657$10,290$6,193$3,655$489
40 years$25,156$15,848$9,645$5,712$3,315$417
41 years$24,269$15,085$9,044$5,270$3,008$356
42 years$23,426$14,367$8,484$4,864$2,729$303
43 years$22,625$13,689$7,961$4,490$2,477$258
44 years$21,862$13,048$7,473$4,146$2,248$220
45 years$21,135$12,443$7,017$3,829$2,041$188
46 years$20,442$11,870$6,590$3,537$1,853$160
47 years$19,780$11,327$6,191$3,267$1,683$136
48 years$19,148$10,813$5,818$3,019$1,528$116
49 years$18,543$10,326$5,469$2,790$1,388$99
50 years$17,965$9,864$5,141$2,579$1,261$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,400,000, adding $5,380 every year, while hoping to spend $25,943 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: 46/45/9 Blend
58$18,400,000$18,400,000$18,400,000$18,400,000
59$20,282,349$19,307,149$19,021,949$21,164,396
60$22,323,546$20,225,597$19,631,582$22,691,763
61$24,572,075$21,188,178$20,260,767$24,344,561
62$27,049,057$22,197,029$20,910,133$26,136,886
63$29,777,766$23,254,389$21,580,328$28,081,655
64$32,783,849$24,362,605$22,272,020$30,193,038
65$36,095,569$25,524,140$22,985,899$32,486,590
66$39,744,068$26,741,574$23,722,678$34,979,381
67$43,763,667$28,017,615$24,483,092$37,690,157
68$48,192,185$29,355,102$25,267,899$40,639,498
69$53,071,297$30,757,011$26,077,883$43,850,010
70$58,446,929$32,226,465$26,913,852$47,346,521
71$64,369,690$33,766,736$27,776,640$51,156,310
72$70,895,350$35,381,257$28,667,109$55,309,347
73$78,085,365$37,073,628$29,586,147$59,838,569
74$86,007,461$38,847,624$30,534,671$64,780,173
75$94,736,268$40,707,204$31,513,629$70,173,949
76$104,354,029$42,656,518$32,523,997$76,063,637
77$114,951,373$44,699,921$33,566,784$82,497,329
78$126,628,174$46,841,978$34,643,032$89,527,904
79$139,494,488$49,087,475$35,753,814$97,213,512
80$153,671,599$51,441,435$36,900,240$105,618,107
81$169,293,159$53,909,122$38,083,455$114,812,033
82$186,506,450$56,496,058$39,304,639$124,872,666
83$205,473,776$59,208,033$40,565,013$135,885,128
84$226,373,995$62,051,121$41,865,835$147,943,071
85$249,404,207$65,031,689$43,208,405$161,149,534
86$274,781,612$68,156,418$44,594,062$175,617,899
87$302,745,564$71,432,311$46,024,191$191,472,934
88$333,559,831$74,866,713$47,500,221$208,851,950
89$367,515,082$78,467,330$49,023,626$227,906,065
90$404,931,630$82,242,239$50,595,928$248,801,609
91$446,162,462$86,199,914$52,218,697$271,721,663
92$491,596,564$90,349,241$53,893,554$296,867,759
93$541,662,599$94,699,539$55,622,174$324,461,748
94$596,832,950$99,260,583$57,406,282$354,747,866
95$657,628,181$104,042,621$59,247,663$387,995,001
96$724,621,950$109,056,405$61,148,155$424,499,199
97$798,446,429$114,313,209$63,109,658$464,586,419
98$879,798,266$119,824,856$65,134,132$508,615,569
99$969,445,164$125,603,749$67,223,601$556,981,856
100$1,068,233,131$131,662,894$69,380,152$610,120,473