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%17.5%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,422,554
2 years$752,205$738,196$724,619$711,455$698,687$654,048
3 years$496,489$482,419$468,877$455,836$443,275$400,085
4 years$368,656$354,629$341,222$328,404$316,148$274,738
5 years$291,976$278,034$264,802$252,246$240,331$200,813
6 years$240,873$227,035$214,000$201,723$190,165$152,574
7 years$204,385$190,664$177,835$165,848$154,655$118,989
8 years$177,031$163,434$150,818$139,126$128,302$94,537
9 years$155,768$142,299$129,899$118,504$108,048$76,150
10 years$138,767$125,430$113,249$102,152$92,063$61,985
11 years$124,866$111,663$99,703$88,903$79,177$50,867
12 years$113,290$100,222$88,484$77,980$68,613$42,012
13 years$103,503$90,572$79,054$68,844$59,832$34,879
14 years$95,121$82,327$71,031$61,112$52,448$29,077
15 years$87,863$75,207$64,131$54,501$46,180$24,323
16 years$81,519$69,001$58,144$48,800$40,814$20,404
17 years$75,927$63,548$52,909$43,846$36,188$17,156
18 years$70,962$58,721$48,299$39,514$32,177$14,452
19 years$66,524$54,422$44,216$35,705$28,680$12,194
20 years$62,536$50,571$40,579$32,337$25,617$10,303
21 years$58,932$47,105$37,325$29,348$22,925$8,715
22 years$55,660$43,971$34,400$26,684$20,549$7,378
23 years$52,677$41,125$31,763$24,302$18,446$6,252
24 years$49,946$38,532$29,375$22,165$16,580$5,301
25 years$47,438$36,160$27,207$20,242$14,919$4,497
26 years$45,127$33,985$25,233$18,508$13,439$3,817
27 years$42,990$31,984$23,431$16,941$12,116$3,241
28 years$41,010$30,138$21,783$15,522$10,932$2,753
29 years$39,169$28,432$20,270$14,234$9,872$2,339
30 years$37,454$26,851$18,881$13,063$8,920$1,988
31 years$35,854$25,383$17,602$11,997$8,064$1,690
32 years$34,356$24,017$16,423$11,026$7,295$1,437
33 years$32,952$22,745$15,335$10,139$6,602$1,222
34 years$31,633$21,557$14,328$9,329$5,977$1,039
35 years$30,392$20,446$13,395$8,588$5,414$884
36 years$29,223$19,407$12,531$7,909$4,905$752
37 years$28,120$18,432$11,729$7,287$4,446$639
38 years$27,078$17,517$10,984$6,717$4,030$544
39 years$26,091$16,657$10,290$6,193$3,655$463
40 years$25,156$15,848$9,645$5,712$3,315$394
41 years$24,269$15,085$9,044$5,270$3,008$335
42 years$23,426$14,367$8,484$4,864$2,729$285
43 years$22,625$13,689$7,961$4,490$2,477$243
44 years$21,862$13,048$7,473$4,146$2,248$206
45 years$21,135$12,443$7,017$3,829$2,041$176
46 years$20,442$11,870$6,590$3,537$1,853$149
47 years$19,780$11,327$6,191$3,267$1,683$127
48 years$19,148$10,813$5,818$3,019$1,528$108
49 years$18,543$10,326$5,469$2,790$1,388$92
50 years$17,965$9,864$5,141$2,579$1,261$78

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 $6,496 every year, while hoping to spend $24,498 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: 71/15/14 Blend
58$18,400,000$18,400,000$18,400,000$18,400,000
59$20,283,501$19,308,301$19,023,101$21,660,264
60$22,326,352$20,228,342$19,634,309$23,494,604
61$24,576,753$21,192,644$20,265,171$25,498,444
62$27,055,848$22,203,350$20,916,321$27,691,459
63$29,786,938$23,262,706$21,588,410$30,092,326
64$32,795,697$24,373,071$22,282,114$32,721,603
65$36,110,420$25,536,913$22,998,127$35,601,918
66$39,762,286$26,756,825$23,737,167$38,758,177
67$43,785,653$28,035,524$24,499,976$42,217,797
68$48,218,384$29,375,859$25,287,320$46,010,963
69$53,102,201$30,780,817$26,099,987$50,170,903
70$58,483,082$32,253,534$26,938,793$54,734,203
71$64,411,693$33,797,294$27,804,579$59,741,142
72$70,943,868$35,415,543$28,698,214$65,236,076
73$78,141,133$37,111,895$29,620,595$71,267,841
74$86,071,290$38,890,140$30,572,647$77,890,217
75$94,809,056$40,754,251$31,555,325$85,162,429
76$104,436,767$42,708,396$32,569,615$93,149,695
77$115,045,155$44,756,946$33,616,536$101,923,842
78$126,734,208$46,904,484$34,697,137$111,563,976
79$139,614,110$49,155,816$35,812,503$122,157,219
80$153,806,281$51,515,983$36,963,754$133,799,530
81$169,444,527$53,990,271$38,152,045$146,596,598
82$186,676,300$56,584,225$39,378,569$160,664,839
83$205,664,089$59,303,658$40,644,558$176,132,481
84$226,586,956$62,154,668$41,951,281$193,140,768
85$249,642,228$65,143,649$43,300,051$211,845,290
86$275,047,354$68,277,307$44,692,222$232,417,434
87$303,041,965$71,562,676$46,129,192$255,046,000
88$333,890,129$75,007,130$47,612,403$279,938,971
89$367,882,848$78,618,406$49,143,345$307,325,467
90$405,340,807$82,404,616$50,723,556$337,457,894
91$446,617,396$86,374,269$52,354,621$370,614,323
92$492,102,050$90,536,288$54,038,180$407,101,094
93$542,223,923$94,900,030$55,775,923$447,255,706
94$597,455,942$99,475,310$57,569,596$491,449,982
95$658,319,270$104,272,423$59,421,000$540,093,572
96$725,388,227$109,302,162$61,331,994$593,637,802
97$799,295,710$114,575,852$63,304,499$652,579,923
98$880,739,169$120,105,365$65,340,497$717,467,790
99$970,487,193$125,903,157$67,442,032$788,905,018
100$1,069,386,763$131,982,288$69,611,217$867,556,663