Can I retire at age 59 with 18,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,700,000?

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$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,448,074
2 years$764,470$750,232$736,434$723,055$710,078$667,008
3 years$504,584$490,285$476,521$463,268$450,503$408,802
4 years$374,667$360,411$346,785$333,759$321,302$281,291
5 years$296,736$282,567$269,120$256,359$244,249$206,036
6 years$244,800$230,737$217,489$205,012$193,266$156,886
7 years$207,717$193,773$180,734$168,552$157,177$122,630
8 years$179,918$166,099$153,277$141,394$130,393$97,660
9 years$158,307$144,619$132,017$120,436$109,810$78,857
10 years$141,029$127,475$115,096$103,817$93,564$64,349
11 years$126,902$113,483$101,328$90,352$80,468$52,943
12 years$115,137$101,856$89,926$79,251$69,732$43,843
13 years$105,190$92,048$80,343$69,967$60,807$36,497
14 years$96,672$83,669$72,189$62,109$53,303$30,511
15 years$89,296$76,434$65,177$55,390$46,933$25,595
16 years$82,848$70,126$59,092$49,596$41,479$21,532
17 years$77,165$64,584$53,772$44,561$36,778$18,157
18 years$72,119$59,678$49,087$40,159$32,702$15,342
19 years$67,609$55,309$44,936$36,287$29,148$12,984
20 years$63,555$51,396$41,240$32,865$26,035$11,004
21 years$59,893$47,873$37,933$29,827$23,299$9,336
22 years$56,567$44,688$34,961$27,119$20,884$7,929
23 years$53,535$41,796$32,281$24,698$18,747$6,740
24 years$50,760$39,160$29,854$22,526$16,850$5,733
25 years$48,211$36,750$27,651$20,572$15,162$4,879
26 years$45,862$34,539$25,645$18,810$13,658$4,155
27 years$43,691$32,505$23,813$17,217$12,314$3,539
28 years$41,678$30,629$22,138$15,775$11,111$3,016
29 years$39,808$28,895$20,601$14,466$10,033$2,571
30 years$38,065$27,288$19,189$13,276$9,065$2,192
31 years$36,438$25,797$17,889$12,193$8,196$1,870
32 years$34,916$24,409$16,691$11,206$7,414$1,595
33 years$33,489$23,116$15,585$10,305$6,709$1,361
34 years$32,149$21,908$14,561$9,481$6,075$1,161
35 years$30,888$20,780$13,614$8,728$5,502$991
36 years$29,700$19,723$12,735$8,038$4,985$846
37 years$28,579$18,732$11,920$7,406$4,518$722
38 years$27,519$17,802$11,163$6,826$4,096$616
39 years$26,516$16,928$10,458$6,294$3,714$526
40 years$25,566$16,106$9,802$5,806$3,369$449
41 years$24,664$15,331$9,192$5,356$3,057$383
42 years$23,808$14,601$8,622$4,943$2,774$327
43 years$22,993$13,912$8,091$4,563$2,517$279
44 years$22,218$13,261$7,594$4,213$2,285$239
45 years$21,480$12,645$7,131$3,891$2,074$204
46 years$20,775$12,063$6,698$3,594$1,883$174
47 years$20,103$11,512$6,292$3,321$1,710$149
48 years$19,460$10,990$5,913$3,068$1,553$127
49 years$18,846$10,495$5,558$2,836$1,410$108
50 years$18,258$10,025$5,225$2,621$1,281$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,700,000, adding $3,659 every year, while hoping to spend $25,932 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: 63/20/17 Blend
58$18,700,000$18,700,000$18,700,000$18,700,000
59$20,611,174$19,620,074$19,330,224$21,821,728
60$22,685,923$20,553,866$19,950,195$23,569,480
61$24,971,426$21,532,545$20,590,066$25,474,032
62$27,489,154$22,558,283$21,250,476$27,553,292
63$30,262,766$23,633,357$21,932,086$29,824,279
64$33,318,333$24,760,156$22,635,575$32,305,715
65$36,684,583$25,941,184$23,361,647$35,018,193
66$40,393,176$27,179,067$24,111,027$37,984,372
67$44,478,999$28,476,560$24,884,465$41,229,182
68$48,980,495$29,836,550$25,682,734$44,780,055
69$53,940,031$31,262,066$26,506,630$48,667,178
70$59,404,289$32,756,283$27,356,978$52,923,775
71$65,424,718$34,322,532$28,234,627$57,586,410
72$72,058,007$35,964,304$29,140,456$62,695,328
73$79,366,631$37,685,262$30,075,368$68,294,830
74$87,419,434$39,489,246$31,040,299$74,433,682
75$96,292,281$41,380,284$32,036,214$81,165,569
76$106,068,774$43,362,599$33,064,108$88,549,593
77$116,841,042$45,440,619$34,125,009$96,650,826
78$128,710,610$47,618,990$35,219,978$105,540,912
79$141,789,354$49,902,583$36,350,109$115,298,738
80$156,200,563$52,296,504$37,516,532$126,011,168
81$172,080,099$54,806,112$38,720,415$137,773,856
82$189,577,681$57,437,024$39,962,961$150,692,134
83$208,858,297$60,195,130$41,245,413$164,882,003
84$230,103,762$63,086,610$42,569,053$180,471,211
85$253,514,435$66,117,943$43,935,205$197,600,450
86$279,311,109$69,295,924$45,345,237$216,424,676
87$307,737,098$72,627,680$46,800,557$237,114,553
88$339,060,529$76,120,684$48,302,623$259,858,056
89$373,576,879$79,782,774$49,852,937$284,862,231
90$411,611,761$83,622,169$51,453,051$312,355,135
91$453,523,996$87,647,491$53,104,564$342,587,975
92$499,709,007$91,867,781$54,809,129$375,837,462
93$550,602,543$96,292,521$56,568,453$412,408,411
94$606,684,802$100,931,654$58,384,296$452,636,597
95$668,484,957$105,795,609$60,258,474$496,891,913
96$736,586,153$110,895,325$62,192,865$545,581,838
97$811,631,018$116,242,273$64,189,402$599,155,269
98$894,327,720$121,848,483$66,250,086$658,106,734
99$985,456,662$127,726,573$68,376,978$722,981,046
100$1,085,877,842$133,889,776$70,572,208$794,378,418