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

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,448,253
2 years$768,558$754,244$740,372$726,922$713,875$663,120
3 years$507,282$492,907$479,070$465,746$452,912$403,879
4 years$376,670$362,339$348,640$335,544$323,021$276,086
5 years$298,323$284,078$270,559$257,730$245,555$200,844
6 years$246,109$231,971$218,652$206,108$194,299$151,846
7 years$208,828$194,809$181,701$169,453$158,017$117,815
8 years$180,880$166,987$154,097$142,150$131,091$93,109
9 years$159,154$145,392$132,723$121,080$110,397$74,589
10 years$141,783$128,156$115,711$104,372$94,064$60,371
11 years$127,580$114,090$101,870$90,835$80,898$49,255
12 years$115,753$102,401$90,407$79,675$70,105$40,439
13 years$105,753$92,541$80,773$70,341$61,133$33,368
14 years$97,189$84,117$72,575$62,441$53,589$27,644
15 years$89,773$76,842$65,525$55,686$47,184$22,978
16 years$83,291$70,501$59,408$49,861$41,701$19,150
17 years$77,577$64,929$54,059$44,800$36,975$15,996
18 years$72,504$59,997$49,349$40,373$32,876$13,385
19 years$67,971$55,605$45,177$36,481$29,303$11,217
20 years$63,895$51,671$41,461$33,040$26,174$9,412
21 years$60,213$48,129$38,136$29,986$23,423$7,906
22 years$56,870$44,927$35,148$27,264$20,996$6,647
23 years$53,822$42,019$32,453$24,830$18,847$5,592
24 years$51,032$39,369$30,014$22,647$16,940$4,708
25 years$48,469$36,946$27,799$20,682$15,243$3,965
26 years$46,108$34,723$25,782$18,911$13,731$3,341
27 years$43,925$32,679$23,941$17,309$12,379$2,817
28 years$41,901$30,793$22,256$15,859$11,170$2,375
29 years$40,021$29,050$20,711$14,543$10,086$2,003
30 years$38,269$27,434$19,292$13,347$9,114$1,690
31 years$36,633$25,935$17,985$12,258$8,240$1,426
32 years$35,103$24,539$16,780$11,266$7,453$1,203
33 years$33,668$23,239$15,668$10,360$6,745$1,016
34 years$32,321$22,026$14,639$9,532$6,107$857
35 years$31,053$20,891$13,687$8,775$5,531$724
36 years$29,859$19,828$12,804$8,081$5,012$611
37 years$28,732$18,833$11,984$7,446$4,542$516
38 years$27,666$17,898$11,222$6,863$4,118$436
39 years$26,658$17,019$10,514$6,328$3,734$368
40 years$25,703$16,192$9,855$5,837$3,387$311
41 years$24,796$15,413$9,241$5,385$3,073$262
42 years$23,935$14,679$8,668$4,970$2,788$221
43 years$23,116$13,986$8,134$4,588$2,531$187
44 years$22,337$13,332$7,635$4,236$2,297$158
45 years$21,594$12,713$7,169$3,912$2,085$133
46 years$20,886$12,128$6,733$3,614$1,893$113
47 years$20,210$11,574$6,326$3,338$1,719$95
48 years$19,564$11,049$5,945$3,085$1,561$80
49 years$18,946$10,551$5,588$2,851$1,418$68
50 years$18,355$10,079$5,253$2,635$1,288$57

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 $4,423 every year, while hoping to spend $48,112 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: 57/14/29 Blend
58$18,800,000$18,800,000$18,800,000$18,800,000
59$20,722,162$19,725,762$19,434,362$21,737,774
60$22,784,632$20,641,134$20,034,223$23,351,677
61$25,055,861$21,599,746$20,652,566$25,104,556
62$27,557,092$22,603,667$21,289,960$27,014,277
63$30,311,734$23,655,064$21,946,992$29,096,035
64$33,345,578$24,756,211$22,624,264$31,366,550
65$36,687,050$25,909,487$23,322,399$33,844,210
66$40,367,468$27,117,392$24,042,039$36,549,248
67$44,421,347$28,382,541$24,783,844$39,503,927
68$48,886,718$29,707,679$25,548,497$42,732,743
69$53,805,491$31,095,683$26,336,698$46,262,653
70$59,223,846$32,549,566$27,149,173$50,123,326
71$65,192,675$34,072,492$27,986,667$54,347,417
72$71,768,056$35,667,772$28,849,949$58,970,868
73$79,011,787$37,338,882$29,739,811$64,033,244
74$86,991,965$39,089,463$30,657,070$69,578,099
75$95,783,632$40,923,333$31,602,568$75,653,385
76$105,469,481$42,844,495$32,577,173$82,311,892
77$116,140,638$44,857,145$33,581,779$89,611,743
78$127,897,521$46,965,683$34,617,306$97,616,939
79$140,850,788$49,174,722$35,684,706$106,397,950
80$155,122,382$51,489,096$36,784,957$116,032,377
81$170,846,680$53,913,877$37,919,068$126,605,675
82$188,171,763$56,454,379$39,088,079$138,211,952
83$207,260,815$59,116,175$40,293,061$150,954,850
84$228,293,659$61,905,109$41,535,120$164,948,513
85$251,468,459$64,827,306$42,815,393$180,318,656
86$277,003,587$67,889,189$44,135,054$197,203,743
87$305,139,686$71,097,493$45,495,312$215,756,284
88$336,141,942$74,459,279$46,897,413$236,144,262
89$370,302,586$77,981,949$48,342,642$258,552,712
90$407,943,652$81,673,266$49,832,322$283,185,453
91$449,420,017$85,541,369$51,367,818$310,267,004
92$495,122,755$89,594,792$52,950,536$340,044,686
93$545,482,821$93,842,482$54,581,924$372,790,951
94$600,975,127$98,293,822$56,263,476$408,805,933
95$662,123,019$102,958,649$57,996,732$448,420,275
96$729,503,222$107,847,277$59,783,278$491,998,231
97$803,751,281$112,970,524$61,624,747$539,941,091
98$885,567,561$118,339,730$63,522,827$592,690,953
99$975,723,863$123,966,786$65,479,251$650,734,883
100$1,075,070,701$129,864,164$67,495,811$714,609,493