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%15.6%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,456,891
2 years$764,470$750,232$736,434$723,055$710,078$675,738
3 years$504,584$490,285$476,521$463,268$450,503$417,168
4 years$374,667$360,411$346,785$333,759$321,302$289,230
5 years$296,736$282,567$269,120$256,359$244,249$213,529
6 years$244,800$230,737$217,489$205,012$193,266$163,929
7 years$207,717$193,773$180,734$168,552$157,177$129,229
8 years$179,918$166,099$153,277$141,394$130,393$103,823
9 years$158,307$144,619$132,017$120,436$109,810$84,597
10 years$141,029$127,475$115,096$103,817$93,564$69,681
11 years$126,902$113,483$101,328$90,352$80,468$57,883
12 years$115,137$101,856$89,926$79,251$69,732$48,408
13 years$105,190$92,048$80,343$69,967$60,807$40,705
14 years$96,672$83,669$72,189$62,109$53,303$34,381
15 years$89,296$76,434$65,177$55,390$46,933$29,147
16 years$82,848$70,126$59,092$49,596$41,479$24,784
17 years$77,165$64,584$53,772$44,561$36,778$21,129
18 years$72,119$59,678$49,087$40,159$32,702$18,051
19 years$67,609$55,309$44,936$36,287$29,148$15,450
20 years$63,555$51,396$41,240$32,865$26,035$13,243
21 years$59,893$47,873$37,933$29,827$23,299$11,367
22 years$56,567$44,688$34,961$27,119$20,884$9,767
23 years$53,535$41,796$32,281$24,698$18,747$8,400
24 years$50,760$39,160$29,854$22,526$16,850$7,230
25 years$48,211$36,750$27,651$20,572$15,162$6,228
26 years$45,862$34,539$25,645$18,810$13,658$5,368
27 years$43,691$32,505$23,813$17,217$12,314$4,629
28 years$41,678$30,629$22,138$15,775$11,111$3,993
29 years$39,808$28,895$20,601$14,466$10,033$3,446
30 years$38,065$27,288$19,189$13,276$9,065$2,975
31 years$36,438$25,797$17,889$12,193$8,196$2,569
32 years$34,916$24,409$16,691$11,206$7,414$2,219
33 years$33,489$23,116$15,585$10,305$6,709$1,917
34 years$32,149$21,908$14,561$9,481$6,075$1,656
35 years$30,888$20,780$13,614$8,728$5,502$1,431
36 years$29,700$19,723$12,735$8,038$4,985$1,237
37 years$28,579$18,732$11,920$7,406$4,518$1,069
38 years$27,519$17,802$11,163$6,826$4,096$925
39 years$26,516$16,928$10,458$6,294$3,714$799
40 years$25,566$16,106$9,802$5,806$3,369$691
41 years$24,664$15,331$9,192$5,356$3,057$598
42 years$23,808$14,601$8,622$4,943$2,774$517
43 years$22,993$13,912$8,091$4,563$2,517$447
44 years$22,218$13,261$7,594$4,213$2,285$386
45 years$21,480$12,645$7,131$3,891$2,074$334
46 years$20,775$12,063$6,698$3,594$1,883$289
47 years$20,103$11,512$6,292$3,321$1,710$250
48 years$19,460$10,990$5,913$3,068$1,553$216
49 years$18,846$10,495$5,558$2,836$1,410$187
50 years$18,258$10,025$5,225$2,621$1,281$162

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 $3,265 every year, while hoping to spend $40,462 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: 75/6/19 Blend
58$18,700,000$18,700,000$18,700,000$18,700,000
59$20,610,768$19,619,668$19,329,818$22,065,072
60$22,670,015$20,537,980$19,934,315$23,947,524
61$24,937,949$21,499,934$20,557,708$26,005,045
62$27,435,814$22,507,625$21,200,585$28,259,313
63$30,187,018$23,563,249$21,863,555$30,729,932
64$33,217,356$24,669,111$22,547,247$33,438,491
65$36,555,254$25,827,625$23,252,307$36,408,761
66$40,232,033$27,041,322$23,979,403$39,666,921
67$44,282,211$28,312,857$24,729,223$43,241,802
68$48,743,822$29,645,012$25,502,478$47,165,154
69$53,658,779$31,040,705$26,299,898$51,471,945
70$59,073,269$32,502,994$27,122,239$56,200,691
71$65,038,188$34,035,086$27,970,279$61,393,810
72$71,609,621$35,640,344$28,844,822$67,098,028
73$78,849,372$37,322,291$29,746,694$73,364,809
74$86,825,549$39,084,624$30,676,749$80,250,845
75$95,613,202$40,931,218$31,635,867$87,818,582
76$105,295,037$42,866,135$32,624,956$96,136,810
77$115,962,191$44,893,636$33,644,953$105,281,306
78$127,715,098$47,018,188$34,696,822$115,335,550
79$140,664,431$49,244,472$35,781,558$126,391,504
80$154,932,151$51,577,399$36,900,189$138,550,479
81$170,652,657$54,022,118$38,053,772$151,924,087
82$187,974,054$56,584,028$39,243,399$166,635,292
83$207,059,550$59,268,788$40,470,195$182,819,564
84$228,088,999$62,082,334$41,735,322$200,626,152
85$251,260,597$65,030,888$43,039,976$220,219,493
86$276,792,754$68,120,978$44,385,391$241,780,756
87$304,926,153$71,359,444$45,772,840$265,509,547
88$335,926,026$74,753,462$47,203,635$291,625,789
89$370,084,655$78,310,556$48,679,131$320,371,791
90$407,724,130$82,038,613$50,200,722$352,014,535
91$449,199,393$85,945,907$51,769,848$386,848,181
92$494,901,585$90,041,111$53,387,993$425,196,847
93$545,261,743$94,333,322$55,056,687$467,417,656
94$600,754,864$98,832,077$56,777,508$513,904,105
95$661,904,389$103,547,378$58,552,084$565,089,767
96$729,287,152$108,489,714$60,382,093$621,452,385
97$803,538,814$113,670,083$62,269,266$683,518,366
98$885,359,873$119,100,017$64,215,387$751,867,749
99$975,522,273$124,791,612$66,222,296$827,139,666
100$1,074,876,693$130,757,549$68,291,891$910,038,376