Can I retire at age 59 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,487,540
2 years$776,734$762,268$748,248$734,655$721,470$693,815
3 years$512,679$498,150$484,166$470,701$457,730$430,829
4 years$380,677$366,193$352,349$339,113$326,457$300,517
5 years$301,497$287,100$273,437$260,471$248,167$223,263
6 years$248,727$234,439$220,978$208,301$196,366$172,525
7 years$211,050$196,881$183,634$171,256$159,698$136,927
8 years$182,804$168,764$155,736$143,662$132,485$110,778
9 years$160,847$146,939$134,135$122,368$111,572$90,916
10 years$143,292$129,520$116,942$105,483$95,065$75,441
11 years$128,937$115,304$102,954$91,802$81,759$63,146
12 years$116,984$103,490$91,369$80,522$70,850$53,222
13 years$106,878$93,525$81,632$71,089$61,783$45,112
14 years$98,223$85,012$73,347$63,105$54,159$38,415
15 years$90,728$77,660$66,222$56,279$47,686$32,839
16 years$84,177$71,251$60,040$50,391$42,145$28,162
17 years$78,403$65,620$54,634$45,276$37,368$24,216
18 years$73,276$60,636$49,874$40,803$33,226$20,871
19 years$68,694$56,197$45,657$36,869$29,615$18,023
20 years$64,575$52,221$41,902$33,392$26,453$15,589
21 years$60,853$48,641$38,542$30,305$23,672$13,503
22 years$57,475$45,405$35,522$27,554$21,219$11,710
23 years$54,394$42,466$32,798$25,094$19,047$10,166
24 years$51,575$39,788$30,333$22,888$17,120$8,834
25 years$48,985$37,339$28,094$20,902$15,406$7,682
26 years$46,598$35,093$26,056$19,112$13,877$6,685
27 years$44,392$33,026$24,195$17,494$12,511$5,821
28 years$42,347$31,121$22,493$16,028$11,289$5,071
29 years$40,446$29,359$20,931$14,698$10,194$4,419
30 years$38,676$27,726$19,497$13,489$9,211$3,853
31 years$37,023$26,211$18,176$12,389$8,327$3,360
32 years$35,476$24,800$16,959$11,385$7,533$2,932
33 years$34,026$23,486$15,835$10,470$6,817$2,558
34 years$32,665$22,260$14,795$9,633$6,172$2,233
35 years$31,384$21,113$13,832$8,868$5,590$1,949
36 years$30,176$20,039$12,940$8,167$5,065$1,702
37 years$29,037$19,033$12,111$7,525$4,591$1,486
38 years$27,961$18,088$11,342$6,936$4,162$1,298
39 years$26,942$17,200$10,626$6,395$3,774$1,134
40 years$25,976$16,364$9,960$5,899$3,423$990
41 years$25,060$15,577$9,339$5,442$3,106$865
42 years$24,190$14,835$8,760$5,023$2,818$756
43 years$23,362$14,135$8,220$4,636$2,558$660
44 years$22,575$13,474$7,716$4,281$2,321$577
45 years$21,824$12,848$7,245$3,954$2,107$504
46 years$21,108$12,257$6,805$3,652$1,913$441
47 years$20,425$11,697$6,393$3,374$1,738$385
48 years$19,772$11,166$6,008$3,118$1,578$337
49 years$19,148$10,663$5,647$2,881$1,433$294
50 years$18,551$10,186$5,309$2,663$1,302$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,000,000, adding $5,415 every year, while hoping to spend $43,574 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: 60/13/27 Blend
58$19,000,000$19,000,000$19,000,000$19,000,000
59$20,943,586$19,936,586$19,642,086$22,047,249
60$23,033,469$20,867,116$20,253,733$23,730,633
61$25,335,060$21,841,782$20,884,410$25,561,460
62$27,869,907$22,862,700$21,534,709$27,558,301
63$30,661,754$23,932,089$22,205,238$29,737,330
64$33,736,767$25,052,275$22,896,628$32,116,340
65$37,123,778$26,225,698$23,609,526$34,714,909
66$40,854,559$27,454,912$24,344,600$37,554,578
67$44,964,120$28,742,599$25,102,541$40,659,056
68$49,491,042$30,091,568$25,884,058$44,054,434
69$54,477,839$31,504,765$26,689,884$47,769,426
70$59,971,358$32,985,278$27,520,774$51,835,642
71$66,023,224$34,536,345$28,377,508$56,287,875
72$72,690,327$36,161,360$29,260,888$61,164,427
73$80,035,355$37,863,881$30,171,743$66,507,464
74$88,127,391$39,647,641$31,110,926$72,363,411
75$97,042,559$41,516,550$32,079,317$78,783,381
76$106,864,750$43,474,710$33,077,823$85,823,654
77$117,686,405$45,526,422$34,107,381$93,546,201
78$129,609,395$47,676,193$35,168,954$102,019,263
79$142,745,977$49,928,750$36,263,538$111,317,986
80$157,219,858$52,289,050$37,392,158$121,525,128
81$173,167,359$54,762,290$38,555,872$132,731,828
82$190,738,705$57,353,917$39,755,768$145,038,461
83$210,099,438$60,069,644$40,992,972$158,555,578
84$231,431,986$62,915,461$42,268,641$173,404,941
85$254,937,379$65,897,650$43,583,971$189,720,660
86$280,837,151$69,022,794$44,940,194$207,650,455
87$309,375,429$72,297,800$46,338,579$227,357,040
88$340,821,238$75,729,907$47,780,437$249,019,647
89$375,471,039$79,326,707$49,267,116$272,835,708
90$413,651,529$83,096,160$50,800,009$299,022,709
91$455,722,727$87,046,613$52,380,550$327,820,234
92$502,081,367$91,186,819$54,010,221$359,492,211
93$553,164,648$95,525,955$55,690,545$394,329,393
94$609,454,360$100,073,645$57,423,096$432,652,090
95$671,481,430$104,839,979$59,209,496$474,813,181
96$739,830,938$109,835,540$61,051,415$521,201,430
97$815,147,635$115,071,423$62,950,579$572,245,141
98$898,142,034$120,559,263$64,908,764$628,416,188
99$989,597,116$126,311,261$66,927,802$690,234,455
100$1,090,375,722$132,340,213$69,009,583$758,272,722