Can I retire at age 59 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,425,712
2 years$756,293$742,208$728,557$715,322$702,484$653,097
3 years$499,187$485,041$471,425$458,314$445,685$397,967
4 years$370,659$356,557$343,077$330,189$317,866$272,182
5 years$293,563$279,545$266,242$253,617$241,637$198,108
6 years$242,182$228,269$215,163$202,820$191,199$149,860
7 years$205,496$191,700$178,801$166,749$155,496$116,341
8 years$177,994$164,322$151,638$139,882$128,999$91,998
9 years$156,614$143,072$130,605$119,148$108,636$73,744
10 years$139,521$126,111$113,865$102,707$92,563$59,725
11 years$125,544$112,269$100,245$89,386$79,607$48,760
12 years$113,906$100,767$88,965$78,403$68,986$40,059
13 years$104,065$91,064$79,484$69,218$60,157$33,076
14 years$95,638$82,775$71,417$61,444$52,733$27,422
15 years$88,341$75,616$64,480$54,798$46,431$22,809
16 years$81,962$69,376$58,460$49,065$41,036$19,024
17 years$76,340$63,893$53,197$44,085$36,385$15,901
18 years$71,347$59,040$48,562$39,729$32,352$13,316
19 years$66,886$54,718$44,456$35,899$28,836$11,168
20 years$62,876$50,846$40,799$32,513$25,757$9,378
21 years$59,252$47,361$37,528$29,508$23,049$7,884
22 years$55,962$44,210$34,587$26,829$20,660$6,633
23 years$52,963$41,349$31,935$24,434$18,546$5,585
24 years$50,218$38,741$29,535$22,285$16,670$4,706
25 years$47,696$36,357$27,355$20,352$15,000$3,967
26 years$45,372$34,169$25,371$18,609$13,512$3,345
27 years$43,224$32,157$23,559$17,033$12,182$2,822
28 years$41,232$30,302$21,901$15,606$10,992$2,382
29 years$39,382$28,586$20,381$14,311$9,925$2,010
30 years$37,658$26,997$18,984$13,134$8,968$1,697
31 years$36,048$25,521$17,698$12,063$8,108$1,433
32 years$34,543$24,148$16,513$11,086$7,334$1,211
33 years$33,131$22,868$15,418$10,194$6,638$1,023
34 years$31,805$21,674$14,406$9,380$6,010$864
35 years$30,558$20,557$13,468$8,635$5,443$730
36 years$29,382$19,512$12,599$7,952$4,932$617
37 years$28,273$18,532$11,793$7,327$4,470$521
38 years$27,225$17,612$11,043$6,753$4,052$440
39 years$26,233$16,747$10,346$6,227$3,675$372
40 years$25,292$15,934$9,698$5,743$3,333$314
41 years$24,400$15,167$9,093$5,299$3,024$266
42 years$23,553$14,445$8,530$4,890$2,744$225
43 years$22,748$13,763$8,004$4,514$2,490$190
44 years$21,981$13,119$7,513$4,168$2,260$160
45 years$21,250$12,510$7,055$3,850$2,052$136
46 years$20,553$11,934$6,626$3,556$1,863$115
47 years$19,888$11,389$6,225$3,285$1,692$97
48 years$19,252$10,872$5,850$3,036$1,536$82
49 years$18,644$10,382$5,498$2,805$1,395$69
50 years$18,062$9,918$5,169$2,593$1,267$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,500,000, adding $2,496 every year, while hoping to spend $28,888 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: 70/5/25 Blend
58$18,500,000$18,500,000$18,500,000$18,500,000
59$20,389,575$19,409,075$19,122,325$21,687,043
60$22,438,575$20,329,383$19,732,186$23,476,223
61$24,695,604$21,293,818$20,361,509$25,430,562
62$27,181,853$22,304,511$21,010,916$27,569,337
63$29,920,668$23,363,699$21,681,048$29,910,844
64$32,937,780$24,473,723$22,372,567$32,475,223
65$36,261,541$25,637,044$23,086,156$35,284,652
66$39,923,195$26,856,236$23,822,519$38,363,550
67$43,957,172$28,134,002$24,582,384$41,738,804
68$48,401,411$29,473,176$25,366,502$45,440,026
69$53,297,722$30,876,729$26,175,647$49,499,821
70$58,692,177$32,347,775$27,010,618$53,954,101
71$64,635,546$33,889,583$27,872,241$58,842,413
72$71,183,776$35,505,578$28,761,366$64,208,317
73$78,398,521$37,199,351$29,678,871$70,099,786
74$86,347,722$38,974,671$30,625,665$76,569,662
75$95,106,246$40,835,486$31,602,681$83,676,147
76$104,756,598$42,785,940$32,610,886$91,483,351
77$115,389,696$44,830,375$33,651,275$100,061,894
78$127,105,729$46,973,348$34,724,877$109,489,568
79$140,015,105$49,219,634$35,832,753$119,852,065
80$154,239,493$51,574,243$36,975,997$131,243,786
81$169,912,967$54,042,427$38,155,739$143,768,725
82$187,183,280$56,629,696$39,373,146$157,541,446
83$206,213,248$59,341,825$40,629,420$172,688,162
84$227,182,297$62,184,872$41,925,803$189,347,920
85$250,288,152$65,165,191$43,263,578$207,673,909
86$275,748,701$68,289,443$44,644,065$227,834,900
87$303,804,057$71,564,614$46,068,630$250,016,835
88$334,718,823$74,998,033$47,538,682$274,424,577
89$368,784,588$78,597,381$49,055,673$301,283,836
90$406,322,681$82,370,718$50,621,103$330,843,296
91$447,687,204$86,326,493$52,236,519$363,376,955
92$493,268,377$90,473,569$53,903,521$399,186,705
93$543,496,217$94,821,239$55,623,754$438,605,176
94$598,844,602$99,379,251$57,398,921$481,998,869
95$659,835,744$104,157,827$59,230,777$529,771,606
96$727,045,115$109,167,686$61,121,134$582,368,339
97$801,106,885$114,420,071$63,071,860$640,279,338
98$882,719,906$119,926,772$65,084,885$704,044,814
99$972,654,308$125,700,156$67,162,201$774,260,011
100$1,071,758,774$131,753,190$69,305,861$851,580,813