Can I retire at age 59 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,466,481
2 years$760,381$746,220$732,495$719,188$706,281$689,460
3 years$501,886$487,663$473,973$460,791$448,094$431,682
4 years$372,663$358,484$344,931$331,974$319,584$303,709
5 years$295,150$281,056$267,681$254,988$242,943$227,651
6 years$243,491$229,503$216,326$203,916$192,232$177,542
7 years$206,606$192,736$179,768$167,650$156,336$142,254
8 years$178,956$165,211$152,457$140,638$129,696$116,220
9 years$157,461$143,846$131,311$119,792$109,223$96,348
10 years$140,275$126,793$114,480$103,262$93,063$80,782
11 years$126,223$112,876$100,787$89,869$80,038$68,338
12 years$114,521$101,312$89,446$78,827$69,359$58,230
13 years$104,628$91,556$79,914$69,593$60,482$49,909
14 years$96,155$83,222$71,803$61,776$53,018$42,987
15 years$88,818$76,025$64,828$55,094$46,682$37,176
16 years$82,405$69,751$58,776$49,330$41,257$32,261
17 years$76,752$64,238$53,484$44,323$36,582$28,077
18 years$71,733$59,359$48,824$39,944$32,527$24,497
19 years$67,248$55,013$44,696$36,093$28,992$21,419
20 years$63,216$51,121$41,020$32,689$25,896$18,762
21 years$59,572$47,617$37,730$29,667$23,174$16,461
22 years$56,265$44,449$34,774$26,974$20,772$14,462
23 years$53,249$41,572$32,108$24,566$18,646$12,721
24 years$50,489$38,951$29,694$22,406$16,760$11,201
25 years$47,954$36,553$27,503$20,462$15,081$9,872
26 years$45,617$34,354$25,508$18,710$13,585$8,708
27 years$43,457$32,331$23,686$17,125$12,248$7,686
28 years$41,455$30,466$22,019$15,690$11,051$6,788
29 years$39,595$28,741$20,491$14,388$9,979$5,999
30 years$37,862$27,143$19,086$13,205$9,017$5,303
31 years$36,243$25,659$17,794$12,128$8,152$4,691
32 years$34,729$24,278$16,602$11,146$7,374$4,150
33 years$33,310$22,992$15,501$10,249$6,673$3,673
34 years$31,977$21,791$14,483$9,430$6,042$3,252
35 years$30,723$20,669$13,541$8,681$5,473$2,880
36 years$29,541$19,618$12,667$7,995$4,958$2,551
37 years$28,426$18,632$11,856$7,366$4,494$2,260
38 years$27,372$17,707$11,103$6,790$4,074$2,003
39 years$26,374$16,838$10,402$6,261$3,695$1,775
40 years$25,429$16,020$9,750$5,774$3,351$1,573
41 years$24,532$15,249$9,142$5,328$3,040$1,395
42 years$23,681$14,523$8,576$4,917$2,759$1,236
43 years$22,871$13,837$8,047$4,539$2,504$1,096
44 years$22,099$13,190$7,554$4,191$2,273$972
45 years$21,365$12,578$7,093$3,870$2,063$862
46 years$20,664$11,999$6,662$3,575$1,873$764
47 years$19,995$11,450$6,259$3,303$1,701$678
48 years$19,356$10,931$5,881$3,052$1,545$601
49 years$18,745$10,439$5,528$2,821$1,403$533
50 years$18,160$9,971$5,197$2,607$1,274$473

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,600,000, adding $5,293 every year, while hoping to spend $33,077 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: 69/14/17 Blend
58$18,600,000$18,600,000$18,600,000$18,600,000
59$20,502,660$19,516,860$19,228,560$21,833,967
60$22,558,737$20,437,992$19,837,523$23,643,009
61$24,823,426$21,403,152$20,465,778$25,617,249
62$27,317,970$22,414,460$21,113,935$27,776,544
63$30,065,778$23,474,143$21,782,627$30,139,131
64$33,092,645$24,584,534$22,472,503$32,725,081
65$36,426,998$25,748,079$23,184,235$35,556,486
66$40,100,160$26,967,344$23,918,515$38,657,663
67$44,146,649$28,245,017$24,676,058$42,055,379
68$48,604,503$29,583,918$25,457,602$45,779,100
69$53,515,637$30,987,005$26,263,906$49,861,267
70$58,926,241$32,457,378$27,095,756$54,337,595
71$64,887,216$33,998,287$27,953,962$59,247,406
72$71,454,650$35,613,141$28,839,358$64,633,998
73$78,690,354$37,305,515$29,752,806$70,545,047
74$86,662,441$39,079,156$30,695,196$77,033,050
75$95,445,969$40,937,994$31,667,444$84,155,819
76$105,123,652$42,886,149$32,670,498$91,977,020
77$115,786,638$44,927,944$33,705,333$100,566,765
78$127,535,370$47,067,908$34,772,956$110,002,273
79$140,480,535$49,310,793$35,874,408$120,368,588
80$154,744,109$51,661,581$37,010,760$131,759,378
81$170,460,506$54,125,496$38,183,118$144,277,811
82$187,777,849$56,708,017$39,392,624$158,037,522
83$206,859,367$59,414,888$40,640,455$173,163,677
84$227,884,938$62,252,133$41,927,826$189,794,151
85$251,052,784$65,226,070$43,255,990$208,080,815
86$276,581,343$68,343,322$44,626,240$228,190,967
87$304,711,332$71,610,837$46,039,911$250,308,896
88$335,708,018$75,035,899$47,498,379$274,637,618
89$369,863,725$78,626,146$49,003,063$301,400,783
90$407,500,589$82,389,591$50,555,430$330,844,770
91$448,973,602$86,334,634$52,156,989$363,241,008
92$494,673,962$90,470,084$53,809,302$398,888,524
93$545,032,769$94,805,181$55,513,976$438,116,756
94$600,525,089$99,349,612$57,272,672$481,288,651
95$661,674,443$104,113,538$59,087,101$528,804,078
96$729,057,749$109,107,615$60,959,032$581,103,587
97$803,310,766$114,343,015$62,890,286$638,672,560
98$885,134,099$119,831,457$64,882,745$702,045,772
99$975,299,809$125,585,230$66,938,349$771,812,432
100$1,074,658,705$131,617,222$69,059,100$848,621,722