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%17.3%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,439,172
2 years$760,381$746,220$732,495$719,188$706,281$662,297
3 years$501,886$487,663$473,973$460,791$448,094$405,523
4 years$372,663$358,484$344,931$331,974$319,584$278,753
5 years$295,150$281,056$267,681$254,988$242,943$203,962
6 years$243,491$229,503$216,326$203,916$192,232$155,137
7 years$206,606$192,736$179,768$167,650$156,336$121,126
8 years$178,956$165,211$152,457$140,638$129,696$96,348
9 years$157,461$143,846$131,311$119,792$109,223$77,704
10 years$140,275$126,793$114,480$103,262$93,063$63,328
11 years$126,223$112,876$100,787$89,869$80,038$52,036
12 years$114,521$101,312$89,446$78,827$69,359$43,035
13 years$104,628$91,556$79,914$69,593$60,482$35,776
14 years$96,155$83,222$71,803$61,776$53,018$29,867
15 years$88,818$76,025$64,828$55,094$46,682$25,019
16 years$82,405$69,751$58,776$49,330$41,257$21,018
17 years$76,752$64,238$53,484$44,323$36,582$17,698
18 years$71,733$59,359$48,824$39,944$32,527$14,931
19 years$67,248$55,013$44,696$36,093$28,992$12,617
20 years$63,216$51,121$41,020$32,689$25,896$10,677
21 years$59,572$47,617$37,730$29,667$23,174$9,045
22 years$56,265$44,449$34,774$26,974$20,772$7,670
23 years$53,249$41,572$32,108$24,566$18,646$6,509
24 years$50,489$38,951$29,694$22,406$16,760$5,528
25 years$47,954$36,553$27,503$20,462$15,081$4,697
26 years$45,617$34,354$25,508$18,710$13,585$3,993
27 years$43,457$32,331$23,686$17,125$12,248$3,396
28 years$41,455$30,466$22,019$15,690$11,051$2,890
29 years$39,595$28,741$20,491$14,388$9,979$2,459
30 years$37,862$27,143$19,086$13,205$9,017$2,093
31 years$36,243$25,659$17,794$12,128$8,152$1,782
32 years$34,729$24,278$16,602$11,146$7,374$1,518
33 years$33,310$22,992$15,501$10,249$6,673$1,293
34 years$31,977$21,791$14,483$9,430$6,042$1,101
35 years$30,723$20,669$13,541$8,681$5,473$938
36 years$29,541$19,618$12,667$7,995$4,958$800
37 years$28,426$18,632$11,856$7,366$4,494$681
38 years$27,372$17,707$11,103$6,790$4,074$581
39 years$26,374$16,838$10,402$6,261$3,695$495
40 years$25,429$16,020$9,750$5,774$3,351$422
41 years$24,532$15,249$9,142$5,328$3,040$359
42 years$23,681$14,523$8,576$4,917$2,759$306
43 years$22,871$13,837$8,047$4,539$2,504$261
44 years$22,099$13,190$7,554$4,191$2,273$223
45 years$21,365$12,578$7,093$3,870$2,063$190
46 years$20,664$11,999$6,662$3,575$1,873$162
47 years$19,995$11,450$6,259$3,303$1,701$138
48 years$19,356$10,931$5,881$3,052$1,545$118
49 years$18,745$10,439$5,528$2,821$1,403$100
50 years$18,160$9,971$5,197$2,607$1,274$85

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 $5,222 every year, while hoping to spend $20,592 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: 44/42/14 Blend
58$18,600,000$18,600,000$18,600,000$18,600,000
59$20,502,586$19,516,786$19,228,486$21,321,792
60$22,571,941$20,451,199$19,850,731$22,828,811
61$24,851,679$21,430,708$20,493,131$24,458,760
62$27,363,238$22,457,501$21,156,339$26,224,959
63$30,130,242$23,533,873$21,841,030$28,139,971
64$33,178,723$24,662,229$22,547,901$30,217,580
65$36,537,368$25,845,093$23,277,671$32,472,911
66$40,237,789$27,085,112$24,031,082$34,922,566
67$44,314,822$28,385,060$24,808,901$37,584,770
68$48,806,854$29,747,849$25,611,920$40,479,533
69$53,756,189$31,176,529$26,440,955$43,628,830
70$59,209,443$32,674,303$27,296,850$47,056,796
71$65,217,989$34,244,526$28,180,477$50,789,947
72$71,838,436$35,890,719$29,092,735$54,857,412
73$79,133,166$37,616,575$30,034,552$59,291,200
74$87,170,927$39,425,964$31,006,887$64,126,490
75$96,027,473$41,322,949$32,010,730$69,401,946
76$105,786,289$43,311,786$33,047,102$75,160,072
77$116,539,370$45,396,943$34,117,060$81,447,596
78$128,388,096$47,583,104$35,221,691$88,315,896
79$141,444,186$49,875,180$36,362,122$95,821,469
80$155,830,752$52,278,324$37,539,513$104,026,449
81$171,683,466$54,797,938$38,755,063$112,999,172
82$189,151,832$57,439,690$40,010,011$122,814,808
83$208,400,607$60,209,522$41,305,634$133,556,046
84$229,611,347$63,113,668$42,643,251$145,313,857
85$252,984,131$66,158,664$44,024,227$158,188,332
86$278,739,440$69,351,366$45,449,966$172,289,602
87$307,120,245$72,698,965$46,921,921$187,738,858
88$338,394,297$76,209,001$48,441,593$204,669,465
89$372,856,658$79,889,385$50,010,529$223,228,203
90$410,832,483$83,748,411$51,630,328$243,576,619
91$452,680,093$87,794,780$53,302,640$265,892,526
92$498,794,354$92,037,615$55,029,170$290,371,656
93$549,610,407$96,486,487$56,811,676$317,229,469
94$605,607,777$101,151,434$58,651,976$346,703,164
95$667,314,898$106,042,982$60,551,945$379,053,876
96$735,314,101$111,172,172$62,513,519$414,569,112
97$810,247,116$116,550,584$64,538,698$453,565,424
98$892,821,124$122,190,365$66,629,547$496,391,361
99$983,815,438$128,104,252$68,788,196$543,430,717
100$1,084,088,858$134,305,606$71,016,846$595,106,111