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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,483,010
2 years$764,470$750,232$736,434$723,055$710,078$701,851
3 years$504,584$490,285$476,521$463,268$450,503$442,456
4 years$374,667$360,411$346,785$333,759$321,302$313,498
5 years$296,736$282,567$269,120$256,359$244,249$236,711
6 years$244,800$230,737$217,489$205,012$193,266$186,004
7 years$207,717$193,773$180,734$168,552$157,177$150,194
8 years$179,918$166,099$153,277$141,394$130,393$123,690
9 years$158,307$144,619$132,017$120,436$109,810$103,385
10 years$141,029$127,475$115,096$103,817$93,564$87,413
11 years$126,902$113,483$101,328$90,352$80,468$74,588
12 years$115,137$101,856$89,926$79,251$69,732$64,118
13 years$105,190$92,048$80,343$69,967$60,807$55,454
14 years$96,672$83,669$72,189$62,109$53,303$48,205
15 years$89,296$76,434$65,177$55,390$46,933$42,082
16 years$82,848$70,126$59,092$49,596$41,479$36,869
17 years$77,165$64,584$53,772$44,561$36,778$32,402
18 years$72,119$59,678$49,087$40,159$32,702$28,552
19 years$67,609$55,309$44,936$36,287$29,148$25,217
20 years$63,555$51,396$41,240$32,865$26,035$22,316
21 years$59,893$47,873$37,933$29,827$23,299$19,783
22 years$56,567$44,688$34,961$27,119$20,884$17,564
23 years$53,535$41,796$32,281$24,698$18,747$15,614
24 years$50,760$39,160$29,854$22,526$16,850$13,898
25 years$48,211$36,750$27,651$20,572$15,162$12,382
26 years$45,862$34,539$25,645$18,810$13,658$11,042
27 years$43,691$32,505$23,813$17,217$12,314$9,855
28 years$41,678$30,629$22,138$15,775$11,111$8,802
29 years$39,808$28,895$20,601$14,466$10,033$7,867
30 years$38,065$27,288$19,189$13,276$9,065$7,034
31 years$36,438$25,797$17,889$12,193$8,196$6,293
32 years$34,916$24,409$16,691$11,206$7,414$5,633
33 years$33,489$23,116$15,585$10,305$6,709$5,044
34 years$32,149$21,908$14,561$9,481$6,075$4,518
35 years$30,888$20,780$13,614$8,728$5,502$4,048
36 years$29,700$19,723$12,735$8,038$4,985$3,628
37 years$28,579$18,732$11,920$7,406$4,518$3,253
38 years$27,519$17,802$11,163$6,826$4,096$2,917
39 years$26,516$16,928$10,458$6,294$3,714$2,616
40 years$25,566$16,106$9,802$5,806$3,369$2,347
41 years$24,664$15,331$9,192$5,356$3,057$2,105
42 years$23,808$14,601$8,622$4,943$2,774$1,889
43 years$22,993$13,912$8,091$4,563$2,517$1,696
44 years$22,218$13,261$7,594$4,213$2,285$1,522
45 years$21,480$12,645$7,131$3,891$2,074$1,366
46 years$20,775$12,063$6,698$3,594$1,883$1,226
47 years$20,103$11,512$6,292$3,321$1,710$1,101
48 years$19,460$10,990$5,913$3,068$1,553$989
49 years$18,846$10,495$5,558$2,836$1,410$888
50 years$18,258$10,025$5,225$2,621$1,281$797

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 $4,017 every year, while hoping to spend $39,977 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: 61/20/19 Blend
58$18,700,000$18,700,000$18,700,000$18,700,000
59$20,611,544$19,620,444$19,330,594$21,767,388
60$22,671,386$20,539,310$19,935,633$23,467,301
61$24,939,992$21,501,861$20,559,602$25,316,877
62$27,438,614$22,510,195$21,203,091$27,334,517
63$30,190,670$23,566,512$21,866,712$29,536,543
64$33,221,965$24,673,118$22,551,094$31,940,910
65$36,560,935$25,832,431$23,256,885$34,567,368
66$40,238,916$27,046,985$23,984,756$37,437,644
67$44,290,437$28,319,439$24,735,397$40,575,645
68$48,753,548$29,652,578$25,509,520$44,007,671
69$53,670,180$31,049,324$26,307,858$47,762,666
70$59,086,536$32,512,739$27,131,170$51,872,483
71$65,053,534$34,046,034$27,980,235$56,372,173
72$71,627,281$35,652,577$28,855,859$61,300,320
73$78,869,607$37,335,895$29,758,873$66,699,389
74$86,848,644$39,099,692$30,690,133$72,616,126
75$95,639,475$40,947,846$31,650,521$79,101,989
76$105,324,837$42,884,426$32,640,949$86,213,631
77$115,995,905$44,913,697$33,662,356$94,013,418
78$127,753,152$47,040,133$34,715,710$102,570,021
79$140,707,296$49,268,423$35,802,009$111,959,046
80$154,980,349$51,603,483$36,922,284$122,263,745
81$170,706,761$54,050,471$38,077,597$133,575,790
82$188,034,697$56,614,790$39,269,043$145,996,129
83$207,127,432$59,302,111$40,497,752$159,635,930
84$228,164,891$62,118,376$41,764,888$174,617,619
85$251,345,351$65,069,817$43,071,653$191,076,024
86$276,887,308$68,162,970$44,419,285$209,159,638
87$305,031,544$71,404,686$45,809,062$229,032,007
88$336,043,397$74,802,151$47,242,300$250,873,263
89$370,215,266$78,362,898$48,720,360$274,881,811
90$407,869,372$82,094,829$50,244,640$301,276,187
91$449,360,799$86,006,227$51,816,587$330,297,107
92$495,080,847$90,105,779$53,437,690$362,209,726
93$545,460,726$94,402,594$55,109,485$397,306,126
94$600,975,624$98,906,225$56,833,556$435,908,052
95$662,149,195$103,626,688$58,611,538$478,369,938
96$729,558,503$108,574,486$60,445,115$525,082,232
97$803,839,469$113,760,634$62,336,025$576,475,066
98$885,692,872$119,196,682$64,286,059$633,022,293
99$975,890,968$124,894,743$66,297,065$695,245,943
100$1,075,284,779$130,867,518$68,370,949$763,721,129