Can I retire at age 59 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,488,897
2 years$772,646$758,256$744,310$730,788$717,673$699,341
3 years$509,981$495,529$481,618$468,223$455,321$437,442
4 years$378,674$364,266$350,494$337,328$324,739$307,451
5 years$299,910$285,589$271,998$259,101$246,861$230,215
6 years$247,418$233,205$219,815$207,205$195,333$179,348
7 years$209,939$195,845$182,667$170,354$158,858$143,541
8 years$181,842$167,875$154,916$142,906$131,788$117,137
9 years$160,000$146,166$133,429$121,724$110,985$96,994
10 years$142,537$128,838$116,327$104,928$94,564$81,225
11 years$128,259$114,697$102,412$91,318$81,329$68,628
12 years$116,368$102,946$90,888$80,099$70,478$58,402
13 years$106,315$93,033$81,203$70,715$61,458$49,992
14 years$97,706$84,564$72,961$62,773$53,874$43,001
15 years$90,251$77,251$65,874$55,982$47,435$37,138
16 years$83,734$70,876$59,724$50,126$41,923$32,183
17 years$77,990$65,274$54,347$45,038$37,172$27,971
18 years$72,890$60,317$49,612$40,588$33,051$24,369
19 years$68,332$55,901$45,417$36,675$29,459$21,276
20 years$64,235$51,946$41,681$33,216$26,314$18,610
21 years$60,533$48,385$38,339$30,146$23,548$16,303
22 years$57,172$45,166$35,335$27,409$21,107$14,301
23 years$54,108$42,243$32,626$24,962$18,947$12,560
24 years$51,303$39,579$30,173$22,767$17,030$11,043
25 years$48,727$37,143$27,947$20,792$15,324$9,717
26 years$46,353$34,908$25,919$19,011$13,804$8,557
27 years$44,158$32,853$24,068$17,402$12,445$7,541
28 years$42,124$30,957$22,374$15,944$11,230$6,650
29 years$40,233$29,204$20,821$14,621$10,140$5,867
30 years$38,472$27,580$19,394$13,418$9,162$5,178
31 years$36,828$26,073$18,081$12,323$8,283$4,573
32 years$35,289$24,670$16,870$11,326$7,493$4,039
33 years$33,847$23,363$15,751$10,415$6,781$3,569
34 years$32,493$22,143$14,717$9,582$6,140$3,155
35 years$31,218$21,002$13,759$8,821$5,561$2,789
36 years$30,018$19,934$12,872$8,124$5,038$2,466
37 years$28,884$18,933$12,048$7,485$4,566$2,181
38 years$27,813$17,993$11,282$6,899$4,140$1,929
39 years$26,800$17,109$10,570$6,362$3,754$1,707
40 years$25,839$16,278$9,907$5,868$3,405$1,510
41 years$24,928$15,495$9,290$5,414$3,089$1,337
42 years$24,062$14,757$8,714$4,996$2,803$1,183
43 years$23,239$14,061$8,177$4,612$2,544$1,047
44 years$22,456$13,403$7,676$4,258$2,309$927
45 years$21,709$12,781$7,207$3,933$2,096$820
46 years$20,997$12,192$6,769$3,633$1,903$726
47 years$20,318$11,635$6,360$3,356$1,728$643
48 years$19,668$11,107$5,976$3,101$1,570$569
49 years$19,047$10,607$5,617$2,866$1,426$504
50 years$18,453$10,132$5,281$2,649$1,295$446

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,900,000, adding $4,527 every year, while hoping to spend $42,595 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: 55/37/8 Blend
58$18,900,000$18,900,000$18,900,000$18,900,000
59$20,832,470$19,830,770$19,537,820$21,938,504
60$22,912,061$20,757,157$20,147,016$23,612,716
61$25,202,343$21,727,509$20,775,192$25,429,526
62$27,724,761$22,743,936$21,422,941$27,406,539
63$30,502,946$23,808,649$22,090,869$29,558,985
64$33,562,940$24,923,966$22,779,607$31,903,601
65$36,933,437$26,092,317$23,489,801$34,458,774
66$40,646,058$27,316,251$24,222,119$37,244,715
67$44,735,646$28,598,438$24,977,250$40,283,637
68$49,240,599$29,941,678$25,755,905$43,599,956
69$54,203,227$31,348,907$26,558,815$47,220,518
70$59,670,156$32,823,204$27,386,735$51,174,840
71$65,692,765$34,367,794$28,240,444$55,495,380
72$72,327,672$35,986,061$29,120,744$60,217,832
73$79,637,269$37,681,552$30,028,463$65,381,459
74$87,690,308$39,457,985$30,964,454$71,029,445
75$96,562,553$41,319,260$31,929,596$77,209,297
76$106,337,493$43,269,464$32,924,798$83,973,279
77$117,107,133$45,312,883$33,950,994$91,378,896
78$128,972,857$47,454,011$35,009,149$99,489,422
79$142,046,390$49,697,559$36,100,257$108,374,484
80$156,450,850$52,048,468$37,225,344$118,110,705
81$172,321,911$54,511,917$38,385,467$128,782,416
82$189,809,081$57,093,336$39,581,716$140,482,433
83$209,077,119$59,798,421$40,815,214$153,312,918
84$230,307,583$62,633,141$42,087,122$167,386,328
85$253,700,549$65,603,758$43,398,633$182,826,457
86$279,476,497$68,716,835$44,750,980$199,769,588
87$307,878,395$71,979,255$46,145,433$218,365,761
88$339,173,989$75,398,235$47,583,302$238,780,166
89$373,658,331$78,981,344$49,065,938$261,194,683
90$411,656,566$82,736,515$50,594,732$285,809,579
91$453,527,002$86,672,071$52,171,122$312,845,371
92$499,664,488$90,796,734$53,796,586$342,544,888
93$550,504,147$95,119,655$55,472,653$375,175,534
94$606,525,477$99,650,426$57,200,895$411,031,787
95$668,256,886$104,399,106$58,982,934$450,437,953
96$736,280,671$109,376,246$60,820,446$493,751,197
97$811,238,523$114,592,905$62,715,154$541,364,883
98$893,837,577$120,060,682$64,668,837$593,712,255
99$984,857,097$125,791,742$66,683,329$651,270,496
100$1,085,155,821$131,798,838$68,760,521$714,565,198