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%17.1%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,440,330
2 years$760,381$746,220$732,495$719,188$706,281$663,441
3 years$501,886$487,663$473,973$460,791$448,094$406,616
4 years$372,663$358,484$344,931$331,974$319,584$279,786
5 years$295,150$281,056$267,681$254,988$242,943$204,934
6 years$243,491$229,503$216,326$203,916$192,232$156,047
7 years$206,606$192,736$179,768$167,650$156,336$121,975
8 years$178,956$165,211$152,457$140,638$129,696$97,138
9 years$157,461$143,846$131,311$119,792$109,223$78,436
10 years$140,275$126,793$114,480$103,262$93,063$64,005
11 years$126,223$112,876$100,787$89,869$80,038$52,660
12 years$114,521$101,312$89,446$78,827$69,359$43,609
13 years$104,628$91,556$79,914$69,593$60,482$36,302
14 years$96,155$83,222$71,803$61,776$53,018$30,348
15 years$88,818$76,025$64,828$55,094$46,682$25,458
16 years$82,405$69,751$58,776$49,330$41,257$21,417
17 years$76,752$64,238$53,484$44,323$36,582$18,060
18 years$71,733$59,359$48,824$39,944$32,527$15,260
19 years$67,248$55,013$44,696$36,093$28,992$12,914
20 years$63,216$51,121$41,020$32,689$25,896$10,945
21 years$59,572$47,617$37,730$29,667$23,174$9,286
22 years$56,265$44,449$34,774$26,974$20,772$7,887
23 years$53,249$41,572$32,108$24,566$18,646$6,704
24 years$50,489$38,951$29,694$22,406$16,760$5,702
25 years$47,954$36,553$27,503$20,462$15,081$4,853
26 years$45,617$34,354$25,508$18,710$13,585$4,132
27 years$43,457$32,331$23,686$17,125$12,248$3,520
28 years$41,455$30,466$22,019$15,690$11,051$3,000
29 years$39,595$28,741$20,491$14,388$9,979$2,557
30 years$37,862$27,143$19,086$13,205$9,017$2,181
31 years$36,243$25,659$17,794$12,128$8,152$1,860
32 years$34,729$24,278$16,602$11,146$7,374$1,586
33 years$33,310$22,992$15,501$10,249$6,673$1,354
34 years$31,977$21,791$14,483$9,430$6,042$1,155
35 years$30,723$20,669$13,541$8,681$5,473$986
36 years$29,541$19,618$12,667$7,995$4,958$841
37 years$28,426$18,632$11,856$7,366$4,494$718
38 years$27,372$17,707$11,103$6,790$4,074$613
39 years$26,374$16,838$10,402$6,261$3,695$523
40 years$25,429$16,020$9,750$5,774$3,351$447
41 years$24,532$15,249$9,142$5,328$3,040$381
42 years$23,681$14,523$8,576$4,917$2,759$326
43 years$22,871$13,837$8,047$4,539$2,504$278
44 years$22,099$13,190$7,554$4,191$2,273$237
45 years$21,365$12,578$7,093$3,870$2,063$203
46 years$20,664$11,999$6,662$3,575$1,873$173
47 years$19,995$11,450$6,259$3,303$1,701$148
48 years$19,356$10,931$5,881$3,052$1,545$126
49 years$18,745$10,439$5,528$2,821$1,403$108
50 years$18,160$9,971$5,197$2,607$1,274$92

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 $6,422 every year, while hoping to spend $31,343 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: 66/19/15 Blend
58$18,600,000$18,600,000$18,600,000$18,600,000
59$20,503,824$19,518,024$19,229,724$21,783,526
60$22,561,866$20,441,059$19,840,571$23,562,311
61$24,828,777$21,408,271$20,470,831$25,501,648
62$27,325,829$22,421,794$21,121,121$27,620,709
63$30,076,463$23,483,861$21,792,078$29,937,087
64$33,106,509$24,596,817$22,484,360$32,470,139
65$36,444,431$25,763,119$23,198,643$35,241,160
66$40,121,593$26,985,342$23,935,628$38,273,586
67$44,172,561$28,266,189$24,696,037$41,593,208
68$48,635,422$29,608,493$25,480,615$45,228,406
69$53,552,149$31,015,223$26,290,129$49,210,420
70$58,968,994$32,489,494$27,125,374$53,573,634
71$64,936,924$34,034,572$27,987,166$58,355,894
72$71,512,105$35,653,881$28,876,351$63,598,866
73$78,756,431$37,351,012$29,793,800$69,348,417
74$86,738,105$39,129,730$30,740,411$75,655,041
75$95,532,289$40,993,984$31,717,112$82,574,337
76$105,221,807$42,947,914$32,724,860$90,167,518
77$115,897,931$44,995,861$33,764,642$98,501,985
78$127,661,239$47,142,377$34,837,477$107,651,958
79$140,622,569$49,392,237$35,944,415$117,699,165
80$154,904,060$51,750,446$37,086,543$128,733,608
81$170,640,311$54,222,255$38,264,979$140,854,400
82$187,979,644$56,813,167$39,480,877$154,170,698
83$207,085,511$59,528,955$40,735,430$168,802,717
84$228,138,033$62,375,673$42,029,866$184,882,862
85$251,335,700$65,359,669$43,365,455$202,556,960
86$276,897,249$68,487,600$44,743,504$221,985,631
87$305,063,723$71,766,447$46,165,366$243,345,794
88$336,100,750$75,203,530$47,632,433$266,832,320
89$370,301,050$78,806,527$49,146,144$292,659,863
90$407,987,199$82,583,489$50,707,981$321,064,874
91$449,514,671$86,542,858$52,319,477$352,307,817
92$495,275,199$90,693,489$53,982,210$386,675,615
93$545,700,465$95,044,666$55,697,811$424,484,346
94$601,266,186$99,606,128$57,467,961$466,082,207
95$662,496,595$104,388,087$59,294,395$511,852,790
96$729,969,395$109,401,251$61,178,905$562,218,681
97$804,321,213$114,656,851$63,123,338$617,645,436
98$886,253,607$120,166,667$65,129,599$678,645,957
99$976,539,691$125,943,049$67,199,657$745,785,311
100$1,076,031,434$131,998,954$69,335,541$819,686,051