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%13.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,444,124
2 years$752,205$738,196$724,619$711,455$698,687$675,456
3 years$496,489$482,419$468,877$455,836$443,275$420,654
4 years$368,656$354,629$341,222$328,404$316,148$294,310
5 years$291,976$278,034$264,802$252,246$240,331$219,340
6 years$240,873$227,035$214,000$201,723$190,165$170,046
7 years$204,385$190,664$177,835$165,848$154,655$135,414
8 years$177,031$163,434$150,818$139,126$128,302$109,935
9 years$155,768$142,299$129,899$118,504$108,048$90,546
10 years$138,767$125,430$113,249$102,152$92,063$75,411
11 years$124,866$111,663$99,703$88,903$79,177$63,359
12 years$113,290$100,222$88,484$77,980$68,613$53,609
13 years$103,503$90,572$79,054$68,844$59,832$45,620
14 years$95,121$82,327$71,031$61,112$52,448$39,005
15 years$87,863$75,207$64,131$54,501$46,180$33,481
16 years$81,519$69,001$58,144$48,800$40,814$28,833
17 years$75,927$63,548$52,909$43,846$36,188$24,900
18 years$70,962$58,721$48,299$39,514$32,177$21,554
19 years$66,524$54,422$44,216$35,705$28,680$18,695
20 years$62,536$50,571$40,579$32,337$25,617$16,243
21 years$58,932$47,105$37,325$29,348$22,925$14,134
22 years$55,660$43,971$34,400$26,684$20,549$12,314
23 years$52,677$41,125$31,763$24,302$18,446$10,740
24 years$49,946$38,532$29,375$22,165$16,580$9,376
25 years$47,438$36,160$27,207$20,242$14,919$8,193
26 years$45,127$33,985$25,233$18,508$13,439$7,163
27 years$42,990$31,984$23,431$16,941$12,116$6,267
28 years$41,010$30,138$21,783$15,522$10,932$5,486
29 years$39,169$28,432$20,270$14,234$9,872$4,805
30 years$37,454$26,851$18,881$13,063$8,920$4,210
31 years$35,854$25,383$17,602$11,997$8,064$3,690
32 years$34,356$24,017$16,423$11,026$7,295$3,235
33 years$32,952$22,745$15,335$10,139$6,602$2,837
34 years$31,633$21,557$14,328$9,329$5,977$2,489
35 years$30,392$20,446$13,395$8,588$5,414$2,184
36 years$29,223$19,407$12,531$7,909$4,905$1,917
37 years$28,120$18,432$11,729$7,287$4,446$1,682
38 years$27,078$17,517$10,984$6,717$4,030$1,477
39 years$26,091$16,657$10,290$6,193$3,655$1,296
40 years$25,156$15,848$9,645$5,712$3,315$1,138
41 years$24,269$15,085$9,044$5,270$3,008$1,000
42 years$23,426$14,367$8,484$4,864$2,729$878
43 years$22,625$13,689$7,961$4,490$2,477$771
44 years$21,862$13,048$7,473$4,146$2,248$677
45 years$21,135$12,443$7,017$3,829$2,041$595
46 years$20,442$11,870$6,590$3,537$1,853$522
47 years$19,780$11,327$6,191$3,267$1,683$459
48 years$19,148$10,813$5,818$3,019$1,528$403
49 years$18,543$10,326$5,469$2,790$1,388$354
50 years$17,965$9,864$5,141$2,579$1,261$311

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 $4,193 every year, while hoping to spend $43,225 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: 78/7/15 Blend
58$18,400,000$18,400,000$18,400,000$18,400,000
59$20,281,125$19,305,925$19,020,725$21,798,785
60$22,303,809$20,205,924$19,611,928$23,699,570
61$24,531,357$21,148,575$20,221,488$25,778,125
62$26,984,622$22,135,921$20,849,974$28,056,916
63$29,686,578$23,170,105$21,497,972$30,555,941
64$32,662,543$24,253,375$22,166,089$33,297,221
65$35,940,417$25,388,085$22,854,947$36,305,007
66$39,550,942$26,576,704$23,565,191$39,606,005
67$43,527,996$27,821,820$24,297,482$43,229,627
68$47,908,909$29,126,147$25,052,506$47,208,267
69$52,734,819$30,492,529$25,830,965$51,577,604
70$58,051,056$31,923,949$26,633,589$56,376,933
71$63,907,574$33,423,532$27,461,124$61,649,539
72$70,359,419$34,994,558$28,314,344$67,443,097
73$77,467,251$36,640,462$29,194,046$73,810,124
74$85,297,913$38,364,847$30,101,049$80,808,469
75$93,925,066$40,171,491$31,036,200$88,501,855
76$103,429,882$42,064,353$32,000,372$96,960,481
77$113,901,810$44,047,586$32,994,464$106,261,679
78$125,439,420$46,125,543$34,019,404$116,490,638
79$138,151,334$48,302,788$35,076,147$127,741,211
80$152,157,252$50,584,107$36,165,680$140,116,790
81$167,589,079$52,974,516$37,289,019$153,731,282
82$184,592,175$55,479,277$38,447,210$168,710,180
83$203,326,720$58,103,904$39,641,335$185,191,744
84$223,969,232$60,854,182$40,872,506$203,328,297
85$246,714,231$63,736,175$42,141,872$223,287,665
86$271,776,074$66,756,238$43,450,616$245,254,751
87$299,390,980$69,921,041$44,799,959$269,433,278
88$329,819,259$73,237,571$46,191,157$296,047,708
89$363,347,771$76,713,160$47,625,508$325,345,352
90$400,292,630$80,355,491$49,104,349$357,598,702
91$441,002,191$84,172,622$50,629,057$393,107,995
92$485,860,338$88,173,004$52,201,054$432,204,045
93$535,290,108$92,365,497$53,821,805$475,251,353
94$589,757,683$96,759,390$55,492,819$522,651,549
95$649,776,791$101,364,425$57,215,654$574,847,171
96$715,913,560$106,190,818$58,991,914$632,325,836
97$788,791,854$111,249,279$60,823,254$695,624,838
98$869,099,170$116,551,041$62,711,380$765,336,212
99$957,593,125$122,107,881$64,658,051$842,112,311
100$1,055,108,607$127,932,151$66,665,079$926,671,962