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%13.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,486,432
2 years$772,646$758,256$744,310$730,788$717,673$696,874
3 years$509,981$495,529$481,618$468,223$455,321$435,050
4 years$378,674$364,266$350,494$337,328$324,739$305,153
5 years$299,910$285,589$271,998$259,101$246,861$228,017
6 years$247,418$233,205$219,815$207,205$195,333$177,252
7 years$209,939$195,845$182,667$170,354$158,858$141,547
8 years$181,842$167,875$154,916$142,906$131,788$115,245
9 years$160,000$146,166$133,429$121,724$110,985$95,202
10 years$142,537$128,838$116,327$104,928$94,564$79,531
11 years$128,259$114,697$102,412$91,318$81,329$67,029
12 years$116,368$102,946$90,888$80,099$70,478$56,897
13 years$106,315$93,033$81,203$70,715$61,458$48,576
14 years$97,706$84,564$72,961$62,773$53,874$41,672
15 years$90,251$77,251$65,874$55,982$47,435$35,892
16 years$83,734$70,876$59,724$50,126$41,923$31,018
17 years$77,990$65,274$54,347$45,038$37,172$26,882
18 years$72,890$60,317$49,612$40,588$33,051$23,353
19 years$68,332$55,901$45,417$36,675$29,459$20,330
20 years$64,235$51,946$41,681$33,216$26,314$17,730
21 years$60,533$48,385$38,339$30,146$23,548$15,485
22 years$57,172$45,166$35,335$27,409$21,107$13,543
23 years$54,108$42,243$32,626$24,962$18,947$11,858
24 years$51,303$39,579$30,173$22,767$17,030$10,393
25 years$48,727$37,143$27,947$20,792$15,324$9,116
26 years$46,353$34,908$25,919$19,011$13,804$8,003
27 years$44,158$32,853$24,068$17,402$12,445$7,030
28 years$42,124$30,957$22,374$15,944$11,230$6,179
29 years$40,233$29,204$20,821$14,621$10,140$5,434
30 years$38,472$27,580$19,394$13,418$9,162$4,781
31 years$36,828$26,073$18,081$12,323$8,283$4,207
32 years$35,289$24,670$16,870$11,326$7,493$3,704
33 years$33,847$23,363$15,751$10,415$6,781$3,262
34 years$32,493$22,143$14,717$9,582$6,140$2,874
35 years$31,218$21,002$13,759$8,821$5,561$2,532
36 years$30,018$19,934$12,872$8,124$5,038$2,231
37 years$28,884$18,933$12,048$7,485$4,566$1,967
38 years$27,813$17,993$11,282$6,899$4,140$1,734
39 years$26,800$17,109$10,570$6,362$3,754$1,529
40 years$25,839$16,278$9,907$5,868$3,405$1,348
41 years$24,928$15,495$9,290$5,414$3,089$1,189
42 years$24,062$14,757$8,714$4,996$2,803$1,049
43 years$23,239$14,061$8,177$4,612$2,544$925
44 years$22,456$13,403$7,676$4,258$2,309$816
45 years$21,709$12,781$7,207$3,933$2,096$720
46 years$20,997$12,192$6,769$3,633$1,903$635
47 years$20,318$11,635$6,360$3,356$1,728$560
48 years$19,668$11,107$5,976$3,101$1,570$494
49 years$19,047$10,607$5,617$2,866$1,426$436
50 years$18,453$10,132$5,281$2,649$1,295$385

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 $6,068 every year, while hoping to spend $28,229 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: 67/24/9 Blend
58$18,900,000$18,900,000$18,900,000$18,900,000
59$20,834,059$19,832,359$19,539,409$22,192,552
60$22,929,098$20,774,109$20,163,944$24,037,605
61$25,236,884$21,761,059$20,808,454$26,050,039
62$27,779,089$22,795,394$21,473,580$28,249,402
63$30,579,592$23,879,404$22,159,981$30,653,965
64$33,664,708$25,015,492$22,868,338$33,283,825
65$37,063,434$26,206,177$23,599,354$36,161,092
66$40,807,726$27,454,102$24,353,754$39,310,093
67$44,932,796$28,762,035$25,132,286$42,757,592
68$49,477,448$30,132,881$25,935,724$46,533,044
69$54,484,441$31,569,686$26,764,865$50,668,861
70$60,000,898$33,075,644$27,620,531$55,200,715
71$66,078,742$34,654,103$28,503,572$60,167,867
72$72,775,196$36,308,577$29,414,864$65,613,531
73$80,153,316$38,042,746$30,355,311$71,585,276
74$88,282,588$39,860,475$31,325,848$78,135,466
75$97,239,585$41,765,811$32,327,437$85,321,747
76$107,108,689$43,763,002$33,361,073$93,207,583
77$117,982,888$45,856,502$34,427,781$101,862,848
78$129,964,652$48,050,980$35,528,621$111,364,473
79$143,166,902$50,351,334$36,664,686$121,797,169
80$157,714,077$52,762,700$37,837,104$133,254,209
81$173,743,304$55,290,464$39,047,038$145,838,307
82$191,405,698$57,940,273$40,295,691$159,662,569
83$210,867,784$60,718,051$41,584,301$174,851,554
84$232,313,072$63,630,010$42,914,149$191,542,439
85$255,943,787$66,682,663$44,286,556$209,886,298
86$281,982,782$69,882,841$45,702,883$230,049,516
87$310,675,635$73,237,710$47,164,539$252,215,351
88$342,292,973$76,754,781$48,672,974$276,585,643
89$377,133,024$80,441,933$50,229,687$303,382,709
90$415,524,435$84,307,431$51,836,224$332,851,427
91$457,829,372$88,359,939$53,494,182$365,261,527
92$504,446,937$92,608,545$55,205,206$400,910,126
93$555,816,941$97,062,781$56,970,998$440,124,511
94$612,424,053$101,732,641$58,793,310$483,265,211
95$674,802,375$106,628,609$60,673,954$530,729,384
96$743,540,484$111,761,677$62,614,798$582,954,541
97$819,286,991$117,143,377$64,617,771$640,422,660
98$902,756,661$122,785,799$66,684,863$703,664,710
99$994,737,162$128,701,625$68,818,128$773,265,643
100$1,096,096,503$134,904,156$71,019,687$849,869,890