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%18.9%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,422,308
2 years$756,293$742,208$728,557$715,322$702,484$649,753
3 years$499,187$485,041$471,425$458,314$445,685$394,787
4 years$370,659$356,557$343,077$330,189$317,866$269,191
5 years$293,563$279,545$266,242$253,617$241,637$195,312
6 years$242,182$228,269$215,163$202,820$191,199$147,258
7 years$205,496$191,700$178,801$166,749$155,496$113,930
8 years$177,994$164,322$151,638$139,882$128,999$89,772
9 years$156,614$143,072$130,605$119,148$108,636$71,696
10 years$139,521$126,111$113,865$102,707$92,563$57,847
11 years$125,544$112,269$100,245$89,386$79,607$47,043
12 years$113,906$100,767$88,965$78,403$68,986$38,494
13 years$104,065$91,064$79,484$69,218$60,157$31,655
14 years$95,638$82,775$71,417$61,444$52,733$26,134
15 years$88,341$75,616$64,480$54,798$46,431$21,645
16 years$81,962$69,376$58,460$49,065$41,036$17,974
17 years$76,340$63,893$53,197$44,085$36,385$14,958
18 years$71,347$59,040$48,562$39,729$32,352$12,470
19 years$66,886$54,718$44,456$35,899$28,836$10,411
20 years$62,876$50,846$40,799$32,513$25,757$8,703
21 years$59,252$47,361$37,528$29,508$23,049$7,282
22 years$55,962$44,210$34,587$26,829$20,660$6,098
23 years$52,963$41,349$31,935$24,434$18,546$5,110
24 years$50,218$38,741$29,535$22,285$16,670$4,285
25 years$47,696$36,357$27,355$20,352$15,000$3,595
26 years$45,372$34,169$25,371$18,609$13,512$3,017
27 years$43,224$32,157$23,559$17,033$12,182$2,533
28 years$41,232$30,302$21,901$15,606$10,992$2,127
29 years$39,382$28,586$20,381$14,311$9,925$1,787
30 years$37,658$26,997$18,984$13,134$8,968$1,501
31 years$36,048$25,521$17,698$12,063$8,108$1,261
32 years$34,543$24,148$16,513$11,086$7,334$1,060
33 years$33,131$22,868$15,418$10,194$6,638$891
34 years$31,805$21,674$14,406$9,380$6,010$749
35 years$30,558$20,557$13,468$8,635$5,443$630
36 years$29,382$19,512$12,599$7,952$4,932$529
37 years$28,273$18,532$11,793$7,327$4,470$445
38 years$27,225$17,612$11,043$6,753$4,052$374
39 years$26,233$16,747$10,346$6,227$3,675$315
40 years$25,292$15,934$9,698$5,743$3,333$265
41 years$24,400$15,167$9,093$5,299$3,024$223
42 years$23,553$14,445$8,530$4,890$2,744$187
43 years$22,748$13,763$8,004$4,514$2,490$157
44 years$21,981$13,119$7,513$4,168$2,260$132
45 years$21,250$12,510$7,055$3,850$2,052$111
46 years$20,553$11,934$6,626$3,556$1,863$94
47 years$19,888$11,389$6,225$3,285$1,692$79
48 years$19,252$10,872$5,850$3,036$1,536$66
49 years$18,644$10,382$5,498$2,805$1,395$56
50 years$18,062$9,918$5,169$2,593$1,267$47

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 $2,563 every year, while hoping to spend $44,165 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: 48/23/29 Blend
58$18,500,000$18,500,000$18,500,000$18,500,000
59$20,389,644$19,409,144$19,122,394$21,199,233
60$22,422,396$20,313,201$19,716,003$22,673,985
61$24,661,009$21,260,076$20,328,017$24,270,108
62$27,126,434$22,251,821$20,959,008$26,002,721
63$29,841,757$23,290,587$21,609,561$27,884,733
64$32,832,418$24,378,628$22,280,284$29,930,324
65$36,126,451$25,518,308$22,971,800$32,155,081
66$39,754,747$26,712,103$23,684,753$34,576,135
67$43,751,347$27,962,611$24,419,807$37,212,318
68$48,153,760$29,272,554$25,177,647$40,084,333
69$53,003,322$30,644,788$25,958,976$43,214,945
70$58,345,583$32,082,305$26,764,524$46,629,189
71$64,230,736$33,588,242$27,595,039$50,354,595
72$70,714,092$35,165,887$28,451,295$54,421,448
73$77,856,604$36,818,689$29,334,087$58,863,059
74$85,725,436$38,550,264$30,244,237$63,716,074
75$94,394,604$40,364,400$31,182,593$69,020,813
76$103,945,670$42,265,072$32,150,026$74,821,639
77$114,468,514$44,256,446$33,147,437$81,167,370
78$126,062,179$46,342,889$34,175,754$88,111,729
79$138,835,812$48,528,981$35,235,932$95,713,841
80$152,909,687$50,819,523$36,328,958$104,038,780
81$168,416,345$53,219,550$37,455,848$113,158,174
82$185,501,843$55,734,338$38,617,649$123,150,870
83$204,327,133$58,369,423$39,815,443$134,103,664
84$225,069,582$61,130,606$41,050,341$146,112,109
85$247,924,644$64,023,971$42,323,493$159,281,406
86$273,107,710$67,055,897$43,636,081$173,727,380
87$300,856,132$70,233,072$44,989,326$189,577,562
88$331,431,474$73,562,509$46,384,485$206,972,377
89$365,121,973$77,051,560$47,822,854$226,066,455
90$402,245,264$80,707,937$49,305,769$247,030,071
91$443,151,378$84,539,723$50,834,610$270,050,743
92$488,226,044$88,555,395$52,410,794$295,334,977
93$537,894,332$92,763,841$54,035,788$323,110,201
94$592,624,667$97,174,382$55,711,100$353,626,894
95$652,933,247$101,796,791$57,438,286$387,160,930
96$719,388,919$106,641,315$59,218,949$424,016,158
97$792,618,549$111,718,699$61,054,744$464,527,256
98$873,312,938$117,040,213$62,947,375$509,062,857
99$962,233,345$122,617,670$64,898,599$558,029,016
100$1,060,218,671$128,463,461$66,910,228$611,873,011