Can I retire at age 59 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,483,833
2 years$780,822$766,280$752,186$738,521$725,267$686,007
3 years$515,377$500,772$486,714$473,178$460,139$422,075
4 years$382,681$368,121$354,203$340,898$328,175$291,599
5 years$303,084$288,611$274,876$261,842$249,474$214,487
6 years$250,036$235,673$222,141$209,397$197,400$164,038
7 years$212,160$197,918$184,600$172,157$160,539$128,803
8 years$183,766$169,652$156,556$144,418$133,183$103,059
9 years$161,694$147,712$134,841$123,012$112,159$83,621
10 years$144,046$130,201$117,558$106,038$95,565$68,578
11 years$129,616$115,911$103,496$92,285$82,189$56,713
12 years$117,600$104,035$91,850$80,946$71,223$47,213
13 years$107,440$94,017$82,062$71,463$62,108$39,514
14 years$98,740$85,459$73,733$63,437$54,444$33,216
15 years$91,206$78,068$66,571$56,575$47,936$28,021
16 years$84,620$71,626$60,356$50,657$42,366$23,709
17 years$78,815$65,965$54,922$45,515$37,565$20,110
18 years$73,661$60,955$50,137$41,018$33,401$17,092
19 years$69,055$56,492$45,898$37,063$29,771$14,552
20 years$64,915$52,495$42,123$33,568$26,592$12,408
21 years$61,174$48,897$38,745$30,465$23,797$10,593
22 years$57,777$45,644$35,709$27,700$21,331$9,053
23 years$54,681$42,690$32,971$25,226$19,148$7,743
24 years$51,846$39,998$30,493$23,008$17,210$6,628
25 years$49,243$37,536$28,242$21,012$15,487$5,677
26 years$46,843$35,278$26,193$19,213$13,950$4,866
27 years$44,626$33,200$24,323$17,586$12,577$4,172
28 years$42,570$31,284$22,611$16,112$11,348$3,579
29 years$40,659$29,513$21,042$14,775$10,247$3,071
30 years$38,879$27,872$19,600$13,560$9,259$2,636
31 years$37,218$26,348$18,272$12,454$8,371$2,263
32 years$35,663$24,931$17,048$11,445$7,572$1,943
33 years$34,205$23,610$15,918$10,525$6,853$1,669
34 years$32,836$22,377$14,873$9,684$6,205$1,434
35 years$31,549$21,224$13,905$8,915$5,620$1,232
36 years$30,335$20,145$13,008$8,210$5,092$1,058
37 years$29,190$19,133$12,175$7,564$4,615$909
38 years$28,108$18,183$11,401$6,972$4,184$782
39 years$27,083$17,290$10,682$6,429$3,794$672
40 years$26,113$16,450$10,012$5,930$3,441$577
41 years$25,192$15,659$9,388$5,471$3,122$496
42 years$24,317$14,913$8,806$5,049$2,833$427
43 years$23,485$14,209$8,264$4,661$2,571$367
44 years$22,694$13,545$7,757$4,303$2,334$315
45 years$21,939$12,916$7,283$3,974$2,119$271
46 years$21,220$12,321$6,841$3,671$1,924$233
47 years$20,533$11,758$6,427$3,392$1,747$200
48 years$19,876$11,225$6,039$3,134$1,586$172
49 years$19,249$10,719$5,677$2,896$1,441$148
50 years$18,648$10,239$5,337$2,677$1,309$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,100,000, adding $3,024 every year, while hoping to spend $31,268 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: 26/47/27 Blend
58$19,100,000$19,100,000$19,100,000$19,100,000
59$21,051,319$20,039,019$19,742,969$21,420,456
60$23,165,285$20,987,662$20,371,090$22,671,265
61$25,493,827$21,981,741$21,019,204$24,009,464
62$28,058,800$23,023,448$21,687,950$25,444,646
63$30,884,284$24,115,084$22,377,983$26,985,029
64$33,996,818$25,259,060$23,089,983$28,639,594
65$37,425,644$26,457,905$23,824,648$30,418,162
66$41,202,987$27,714,269$24,582,700$32,331,474
67$45,364,356$29,030,933$25,364,885$34,391,282
68$49,948,883$30,410,811$26,171,971$36,610,452
69$54,999,688$31,856,960$27,004,752$39,003,066
70$60,564,290$33,372,585$27,864,045$41,584,547
71$66,695,053$34,961,047$28,750,695$44,371,791
72$73,449,679$36,625,869$29,665,574$47,383,313
73$80,891,757$38,370,747$30,609,582$50,639,403
74$89,091,358$40,199,555$31,583,645$54,162,310
75$98,125,700$42,116,358$32,588,721$57,976,427
76$108,079,877$44,125,415$33,625,799$62,108,513
77$119,047,659$46,231,194$34,695,897$66,587,920
78$131,132,379$48,438,382$35,800,068$71,446,861
79$144,447,909$50,751,890$36,939,398$76,720,687
80$159,119,734$53,176,870$38,115,006$82,448,205
81$175,286,136$55,718,726$39,328,048$88,672,022
82$193,099,501$58,383,124$40,579,717$95,438,924
83$212,727,757$61,176,003$41,871,244$102,800,301
84$234,355,955$64,103,594$43,203,898$110,812,599
85$258,188,024$67,172,432$44,578,990$119,537,834
86$284,448,689$70,389,367$45,997,872$129,044,150
87$313,385,593$73,761,584$47,461,939$139,406,435
88$345,271,641$77,296,620$48,972,632$150,706,997
89$380,407,569$81,002,374$50,531,435$163,036,313
90$419,124,785$84,887,134$52,139,882$176,493,854
91$461,788,500$88,959,591$53,799,555$191,188,984
92$508,801,173$93,228,857$55,512,086$207,241,965
93$560,606,312$97,704,490$57,279,160$224,785,053
94$617,692,658$102,396,512$59,102,514$243,963,709
95$680,598,803$107,315,435$60,983,942$264,937,934
96$749,918,272$112,472,283$62,925,296$287,883,736
97$826,305,127$117,878,615$64,928,484$312,994,749
98$910,480,139$123,546,557$66,995,477$340,484,016
99$1,003,237,596$129,488,821$69,128,309$370,585,953
100$1,105,452,802$135,718,745$71,329,078$403,558,512