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

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 $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%16.7%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,473,679
2 years$776,734$762,268$748,248$734,655$721,470$680,055
3 years$512,679$498,150$484,166$470,701$457,730$417,604
4 years$380,677$366,193$352,349$339,113$326,457$287,928
5 years$301,497$287,100$273,437$260,471$248,167$211,342
6 years$248,727$234,439$220,978$208,301$196,366$161,279
7 years$211,050$196,881$183,634$171,256$159,698$126,351
8 years$182,804$168,764$155,736$143,662$132,485$100,860
9 years$160,847$146,939$134,135$122,368$111,572$81,639
10 years$143,292$129,520$116,942$105,483$95,065$66,786
11 years$128,937$115,304$102,954$91,802$81,759$55,089
12 years$116,984$103,490$91,369$80,522$70,850$45,741
13 years$106,878$93,525$81,632$71,089$61,783$38,180
14 years$98,223$85,012$73,347$63,105$54,159$32,005
15 years$90,728$77,660$66,222$56,279$47,686$26,924
16 years$84,177$71,251$60,040$50,391$42,145$22,716
17 years$78,403$65,620$54,634$45,276$37,368$19,211
18 years$73,276$60,636$49,874$40,803$33,226$16,280
19 years$68,694$56,197$45,657$36,869$29,615$13,820
20 years$64,575$52,221$41,902$33,392$26,453$11,748
21 years$60,853$48,641$38,542$30,305$23,672$9,998
22 years$57,475$45,405$35,522$27,554$21,219$8,518
23 years$54,394$42,466$32,798$25,094$19,047$7,263
24 years$51,575$39,788$30,333$22,888$17,120$6,198
25 years$48,985$37,339$28,094$20,902$15,406$5,292
26 years$46,598$35,093$26,056$19,112$13,877$4,520
27 years$44,392$33,026$24,195$17,494$12,511$3,863
28 years$42,347$31,121$22,493$16,028$11,289$3,303
29 years$40,446$29,359$20,931$14,698$10,194$2,825
30 years$38,676$27,726$19,497$13,489$9,211$2,417
31 years$37,023$26,211$18,176$12,389$8,327$2,068
32 years$35,476$24,800$16,959$11,385$7,533$1,770
33 years$34,026$23,486$15,835$10,470$6,817$1,515
34 years$32,665$22,260$14,795$9,633$6,172$1,297
35 years$31,384$21,113$13,832$8,868$5,590$1,111
36 years$30,176$20,039$12,940$8,167$5,065$951
37 years$29,037$19,033$12,111$7,525$4,591$815
38 years$27,961$18,088$11,342$6,936$4,162$698
39 years$26,942$17,200$10,626$6,395$3,774$598
40 years$25,976$16,364$9,960$5,899$3,423$512
41 years$25,060$15,577$9,339$5,442$3,106$439
42 years$24,190$14,835$8,760$5,023$2,818$376
43 years$23,362$14,135$8,220$4,636$2,558$322
44 years$22,575$13,474$7,716$4,281$2,321$276
45 years$21,824$12,848$7,245$3,954$2,107$236
46 years$21,108$12,257$6,805$3,652$1,913$202
47 years$20,425$11,697$6,393$3,374$1,738$173
48 years$19,772$11,166$6,008$3,118$1,578$149
49 years$19,148$10,663$5,647$2,881$1,433$127
50 years$18,551$10,186$5,309$2,663$1,302$109

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 $5,198 every year, while hoping to spend $45,635 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: 47/28/25 Blend
58$19,000,000$19,000,000$19,000,000$19,000,000
59$20,943,362$19,936,362$19,641,862$21,777,703
60$23,031,029$20,864,688$20,251,309$23,292,900
61$25,330,110$21,836,973$20,879,643$24,931,718
62$27,862,118$22,855,322$21,527,448$26,709,744
63$30,650,765$23,921,943$22,195,328$28,640,060
64$33,722,174$25,039,150$22,883,903$30,737,040
65$37,105,136$26,209,369$23,593,814$33,016,472
66$40,831,374$27,435,142$24,325,721$35,495,706
67$44,935,846$28,719,135$25,080,304$38,193,805
68$49,457,073$30,064,144$25,858,266$41,131,724
69$54,437,506$31,473,098$26,660,329$44,332,498
70$59,923,921$32,949,069$27,487,239$47,821,449
71$65,967,864$34,495,277$28,339,765$51,626,418
72$72,626,138$36,115,098$29,218,699$55,778,024
73$79,961,338$37,812,071$30,124,859$60,309,936
74$88,042,438$39,589,907$31,059,086$65,259,189
75$96,945,450$41,452,495$32,022,248$70,666,516
76$106,754,133$43,403,915$33,015,241$76,576,732
77$117,560,790$45,448,442$34,038,987$83,039,137
78$129,467,135$47,590,560$35,094,437$90,107,975
79$142,585,253$49,834,968$36,182,572$97,842,935
80$157,038,663$52,186,595$37,304,402$106,309,700
81$172,963,477$54,650,608$38,460,969$115,580,555
82$190,509,687$57,232,424$39,653,347$125,735,057
83$209,842,586$59,937,723$40,882,645$136,860,770
84$231,144,318$62,772,461$42,150,002$149,054,081
85$254,615,608$65,742,881$43,456,597$162,421,089
86$280,477,648$68,855,530$44,803,641$177,078,597
87$308,974,191$72,117,273$46,192,385$193,155,192
88$340,373,847$75,535,309$47,624,119$210,792,447
89$374,972,624$79,117,183$49,100,171$230,146,235
90$413,096,716$82,870,809$50,621,911$251,388,186
91$455,105,587$86,804,485$52,190,751$274,707,280
92$501,395,362$90,926,910$53,808,147$300,311,620
93$552,402,569$95,247,209$55,475,600$328,430,368
94$608,608,254$99,774,945$57,194,656$359,315,886
95$670,542,529$104,520,150$58,966,909$393,246,100
96$738,789,571$109,493,342$60,794,005$430,527,092
97$813,993,140$114,705,548$62,677,637$471,495,968
98$896,862,655$120,168,335$64,619,552$516,524,014
99$988,179,890$125,893,827$66,621,551$566,020,169
100$1,088,806,356$131,894,742$68,685,491$620,434,859