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%16.5%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,436,058
2 years$756,293$742,208$728,557$715,322$702,484$663,306
3 years$499,187$485,041$471,425$458,314$445,685$407,713
4 years$370,659$356,557$343,077$330,189$317,866$281,393
5 years$293,563$279,545$266,242$253,617$241,637$206,762
6 years$242,182$228,269$215,163$202,820$191,199$157,957
7 years$205,496$191,700$178,801$166,749$155,496$123,888
8 years$177,994$164,322$151,638$139,882$128,999$99,010
9 years$156,614$143,072$130,605$119,148$108,636$80,239
10 years$139,521$126,111$113,865$102,707$92,563$65,722
11 years$125,544$112,269$100,245$89,386$79,607$54,282
12 years$113,906$100,767$88,965$78,403$68,986$45,129
13 years$104,065$91,064$79,484$69,218$60,157$37,720
14 years$95,638$82,775$71,417$61,444$52,733$31,664
15 years$88,341$75,616$64,480$54,798$46,431$26,674
16 years$81,962$69,376$58,460$49,065$41,036$22,537
17 years$76,340$63,893$53,197$44,085$36,385$19,088
18 years$71,347$59,040$48,562$39,729$32,352$16,200
19 years$66,886$54,718$44,456$35,899$28,836$13,772
20 years$62,876$50,846$40,799$32,513$25,757$11,725
21 years$59,252$47,361$37,528$29,508$23,049$9,994
22 years$55,962$44,210$34,587$26,829$20,660$8,528
23 years$52,963$41,349$31,935$24,434$18,546$7,283
24 years$50,218$38,741$29,535$22,285$16,670$6,224
25 years$47,696$36,357$27,355$20,352$15,000$5,323
26 years$45,372$34,169$25,371$18,609$13,512$4,555
27 years$43,224$32,157$23,559$17,033$12,182$3,899
28 years$41,232$30,302$21,901$15,606$10,992$3,339
29 years$39,382$28,586$20,381$14,311$9,925$2,860
30 years$37,658$26,997$18,984$13,134$8,968$2,451
31 years$36,048$25,521$17,698$12,063$8,108$2,101
32 years$34,543$24,148$16,513$11,086$7,334$1,801
33 years$33,131$22,868$15,418$10,194$6,638$1,544
34 years$31,805$21,674$14,406$9,380$6,010$1,324
35 years$30,558$20,557$13,468$8,635$5,443$1,136
36 years$29,382$19,512$12,599$7,952$4,932$974
37 years$28,273$18,532$11,793$7,327$4,470$836
38 years$27,225$17,612$11,043$6,753$4,052$717
39 years$26,233$16,747$10,346$6,227$3,675$615
40 years$25,292$15,934$9,698$5,743$3,333$528
41 years$24,400$15,167$9,093$5,299$3,024$453
42 years$23,553$14,445$8,530$4,890$2,744$389
43 years$22,748$13,763$8,004$4,514$2,490$334
44 years$21,981$13,119$7,513$4,168$2,260$286
45 years$21,250$12,510$7,055$3,850$2,052$246
46 years$20,553$11,934$6,626$3,556$1,863$211
47 years$19,888$11,389$6,225$3,285$1,692$181
48 years$19,252$10,872$5,850$3,036$1,536$155
49 years$18,644$10,382$5,498$2,805$1,395$133
50 years$18,062$9,918$5,169$2,593$1,267$114

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 $2,837 every year, while hoping to spend $43,677 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: 68/27/5 Blend
58$18,500,000$18,500,000$18,500,000$18,500,000
59$20,389,926$19,409,426$19,122,676$21,764,645
60$22,423,227$20,314,016$19,716,814$23,579,390
61$24,662,460$21,261,467$20,329,391$25,557,507
62$27,128,585$22,253,833$20,960,980$27,719,355
63$29,844,698$23,293,268$21,612,170$30,082,881
64$32,836,247$24,382,028$22,283,567$32,667,828
65$36,131,277$25,522,480$22,975,800$35,495,913
66$39,760,690$26,717,105$23,689,512$38,591,029
67$43,758,541$27,968,503$24,425,371$41,979,466
68$48,162,353$29,279,401$25,184,062$45,690,151
69$53,013,479$30,652,657$25,966,294$49,754,917
70$58,357,483$32,091,267$26,772,795$54,208,797
71$64,244,581$33,598,373$27,604,317$59,090,347
72$70,730,103$35,177,268$28,461,636$64,442,004
73$77,875,024$36,831,405$29,345,552$70,310,479
74$85,746,537$38,564,404$30,256,888$76,747,191
75$94,418,684$40,380,061$31,196,494$83,808,744
76$103,973,059$42,282,353$32,165,246$91,557,453
77$114,499,576$44,275,453$33,164,047$100,061,925
78$126,097,317$46,363,735$34,193,827$109,397,696
79$138,875,470$48,551,785$35,255,547$119,647,934
80$152,954,356$50,844,410$36,350,196$130,904,216
81$168,466,565$53,246,651$37,478,793$143,267,382
82$185,558,213$55,763,795$38,642,390$156,848,475
83$204,390,313$58,401,383$39,842,072$171,769,779
84$225,140,299$61,165,225$41,078,956$188,165,959
85$248,003,702$64,061,414$42,354,194$206,185,324
86$273,195,994$67,096,337$43,668,973$225,991,211
87$300,954,621$70,276,693$45,024,520$247,763,512
88$331,541,246$73,609,505$46,422,094$271,700,362
89$365,244,218$77,102,136$47,863,000$298,019,991
90$402,381,295$80,762,307$49,348,577$326,962,772
91$443,302,642$84,598,115$50,880,209$358,793,468
92$488,394,137$88,618,049$52,459,322$393,803,721
93$538,081,016$92,831,010$54,087,387$432,314,780
94$592,831,883$97,246,333$55,765,917$474,680,523
95$653,163,136$101,873,804$57,496,477$521,290,771
96$719,643,843$106,723,688$59,280,676$572,574,949
97$792,901,111$111,806,745$61,120,174$629,006,123
98$873,626,009$117,134,259$63,016,684$691,105,435
99$962,580,089$122,718,065$64,971,971$759,447,006
100$1,060,602,579$128,570,571$66,987,852$834,663,328