Can I retire at age 59 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,440,796
2 years$768,558$754,244$740,372$726,922$713,875$655,802
3 years$507,282$492,907$479,070$465,746$452,912$396,934
4 years$376,670$362,339$348,640$335,544$323,021$269,566
5 years$298,323$284,078$270,559$257,730$245,555$194,759
6 years$246,109$231,971$218,652$206,108$194,299$146,197
7 years$208,828$194,809$181,701$169,453$158,017$112,592
8 years$180,880$166,987$154,097$142,150$131,091$88,297
9 years$159,154$145,392$132,723$121,080$110,397$70,173
10 years$141,783$128,156$115,711$104,372$94,064$56,332
11 years$127,580$114,090$101,870$90,835$80,898$45,572
12 years$115,753$102,401$90,407$79,675$70,105$37,092
13 years$105,753$92,541$80,773$70,341$61,133$30,335
14 years$97,189$84,117$72,575$62,441$53,589$24,904
15 years$89,773$76,842$65,525$55,686$47,184$20,510
16 years$83,291$70,501$59,408$49,861$41,701$16,933
17 years$77,577$64,929$54,059$44,800$36,975$14,008
18 years$72,504$59,997$49,349$40,373$32,876$11,609
19 years$67,971$55,605$45,177$36,481$29,303$9,633
20 years$63,895$51,671$41,461$33,040$26,174$8,003
21 years$60,213$48,129$38,136$29,986$23,423$6,655
22 years$56,870$44,927$35,148$27,264$20,996$5,538
23 years$53,822$42,019$32,453$24,830$18,847$4,612
24 years$51,032$39,369$30,014$22,647$16,940$3,843
25 years$48,469$36,946$27,799$20,682$15,243$3,203
26 years$46,108$34,723$25,782$18,911$13,731$2,671
27 years$43,925$32,679$23,941$17,309$12,379$2,228
28 years$41,901$30,793$22,256$15,859$11,170$1,859
29 years$40,021$29,050$20,711$14,543$10,086$1,551
30 years$38,269$27,434$19,292$13,347$9,114$1,295
31 years$36,633$25,935$17,985$12,258$8,240$1,081
32 years$35,103$24,539$16,780$11,266$7,453$902
33 years$33,668$23,239$15,668$10,360$6,745$754
34 years$32,321$22,026$14,639$9,532$6,107$629
35 years$31,053$20,891$13,687$8,775$5,531$526
36 years$29,859$19,828$12,804$8,081$5,012$439
37 years$28,732$18,833$11,984$7,446$4,542$367
38 years$27,666$17,898$11,222$6,863$4,118$306
39 years$26,658$17,019$10,514$6,328$3,734$256
40 years$25,703$16,192$9,855$5,837$3,387$214
41 years$24,796$15,413$9,241$5,385$3,073$178
42 years$23,935$14,679$8,668$4,970$2,788$149
43 years$23,116$13,986$8,134$4,588$2,531$125
44 years$22,337$13,332$7,635$4,236$2,297$104
45 years$21,594$12,713$7,169$3,912$2,085$87
46 years$20,886$12,128$6,733$3,614$1,893$73
47 years$20,210$11,574$6,326$3,338$1,719$61
48 years$19,564$11,049$5,945$3,085$1,561$51
49 years$18,946$10,551$5,588$2,851$1,418$42
50 years$18,355$10,079$5,253$2,635$1,288$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,800,000, adding $3,060 every year, while hoping to spend $52,911 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: 71/18/11 Blend
58$18,800,000$18,800,000$18,800,000$18,800,000
59$20,720,756$19,724,356$19,432,956$22,145,655
60$22,777,977$20,634,553$20,027,664$23,999,787
61$25,043,260$21,587,576$20,640,520$26,021,963
62$27,537,773$22,585,468$21,272,078$28,234,096
63$30,284,840$23,630,369$21,922,906$30,654,903
64$33,310,161$24,724,525$22,593,591$33,304,986
65$36,642,057$25,870,286$23,284,736$36,207,014
66$40,311,736$27,070,119$23,996,964$39,385,942
67$44,353,586$28,326,608$24,730,915$42,869,237
68$48,805,501$29,642,462$25,487,251$46,687,135
69$53,709,239$31,020,519$26,266,650$50,872,922
70$59,110,814$32,463,757$27,069,816$55,463,242
71$65,060,932$33,975,296$27,897,469$60,498,438
72$71,615,467$35,558,405$28,750,354$66,022,933
73$78,835,992$37,216,515$29,629,238$72,085,634
74$86,790,356$38,953,217$30,534,911$78,740,399
75$95,553,328$40,772,280$31,468,186$86,046,531
76$105,207,300$42,677,654$32,429,902$94,069,336
77$115,843,063$44,673,478$33,420,923$102,880,734
78$127,560,670$46,764,093$34,442,139$112,559,926
79$140,470,374$48,954,049$35,494,466$123,194,141
80$154,693,671$51,248,116$36,578,849$134,879,448
81$170,364,447$53,651,295$37,696,262$147,721,658
82$187,630,240$56,168,828$38,847,707$161,837,311
83$206,653,636$58,806,212$40,034,216$177,354,774
84$227,613,800$61,569,209$41,256,855$194,415,437
85$250,708,167$64,463,860$42,516,719$213,175,044
86$276,154,309$67,496,498$43,814,938$233,805,152
87$304,191,985$70,673,763$45,152,676$256,494,741
88$335,085,408$74,002,618$46,531,130$281,451,984
89$369,125,733$77,490,360$47,951,537$308,906,209
90$406,633,813$81,144,643$49,415,168$339,110,045
91$447,963,220$84,973,489$50,923,335$372,341,801
92$493,503,589$88,985,310$52,477,387$408,908,074
93$543,684,291$93,188,926$54,078,715$449,146,639
94$598,978,490$97,593,584$55,728,753$493,429,618
95$659,907,607$102,208,981$57,428,977$542,166,979
96$727,046,242$107,045,281$59,180,908$595,810,394
97$801,027,603$112,113,144$60,986,113$654,857,489
98$882,549,476$117,423,745$62,846,205$719,856,520
99$972,380,817$122,988,803$64,762,847$791,411,535
100$1,071,369,011$128,820,605$66,737,753$870,188,060