Can I retire at age 59 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,487,991
2 years$784,910$770,292$756,124$742,388$729,064$686,026
3 years$518,075$503,394$489,263$475,655$462,548$420,864
4 years$384,684$370,048$356,058$342,683$329,893$289,883
5 years$304,671$290,122$276,316$263,213$250,780$212,553
6 years$251,346$236,907$223,304$210,494$198,433$162,026
7 years$213,271$198,954$185,567$173,059$161,380$126,792
8 years$184,728$170,540$157,375$145,175$133,880$101,093
9 years$162,540$148,486$135,547$123,656$112,746$81,728
10 years$144,800$130,883$118,173$106,593$96,065$66,776
11 years$130,295$116,517$104,038$92,768$82,619$55,010
12 years$118,216$104,580$92,331$81,370$71,596$45,615
13 years$108,003$94,510$82,492$71,837$62,433$38,023
14 years$99,257$85,907$74,119$63,769$54,729$31,831
15 years$91,683$78,477$66,919$56,871$48,187$26,740
16 years$85,063$72,001$60,672$50,922$42,588$22,528
17 years$79,228$66,311$55,209$45,753$37,762$19,024
18 years$74,047$61,274$50,399$41,233$33,576$16,098
19 years$69,417$56,788$46,138$37,257$29,927$13,645
20 years$65,255$52,770$42,343$33,743$26,731$11,581
21 years$61,494$49,153$38,947$30,624$23,921$9,841
22 years$58,080$45,883$35,896$27,845$21,442$8,371
23 years$54,967$42,913$33,144$25,359$19,248$7,127
24 years$52,118$40,207$30,652$23,128$17,300$6,072
25 years$49,501$37,732$28,390$21,122$15,568$5,176
26 years$47,089$35,462$26,330$19,313$14,023$4,414
27 years$44,859$33,374$24,450$17,678$12,643$3,767
28 years$42,793$31,448$22,730$16,197$11,408$3,215
29 years$40,872$29,668$21,152$14,853$10,301$2,745
30 years$39,083$28,018$19,702$13,631$9,308$2,345
31 years$37,412$26,486$18,368$12,519$8,415$2,003
32 years$35,850$25,062$17,137$11,505$7,612$1,711
33 years$34,384$23,734$16,001$10,580$6,889$1,463
34 years$33,008$22,494$14,951$9,735$6,237$1,250
35 years$31,714$21,335$13,978$8,961$5,649$1,069
36 years$30,494$20,250$13,076$8,253$5,118$914
37 years$29,343$19,233$12,239$7,604$4,639$781
38 years$28,255$18,278$11,461$7,009$4,206$668
39 years$27,225$17,381$10,738$6,463$3,814$571
40 years$26,249$16,537$10,065$5,961$3,459$488
41 years$25,324$15,741$9,437$5,500$3,138$418
42 years$24,444$14,991$8,853$5,075$2,848$357
43 years$23,608$14,284$8,307$4,685$2,584$305
44 years$22,812$13,615$7,798$4,326$2,346$261
45 years$22,054$12,984$7,322$3,995$2,130$223
46 years$21,331$12,386$6,877$3,690$1,934$191
47 years$20,640$11,820$6,460$3,410$1,756$163
48 years$19,980$11,284$6,071$3,151$1,595$140
49 years$19,350$10,775$5,706$2,912$1,448$120
50 years$18,746$10,293$5,365$2,691$1,315$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,200,000, adding $2,034 every year, while hoping to spend $37,765 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: 62/16/22 Blend
58$19,200,000$19,200,000$19,200,000$19,200,000
59$21,160,498$20,142,898$19,845,298$22,350,544
60$23,278,687$21,089,718$20,469,934$24,102,030
61$25,611,666$22,081,667$21,114,229$26,009,096
62$28,181,303$23,120,916$21,778,803$28,090,408
63$31,011,696$24,209,741$22,464,293$30,362,960
64$34,129,400$25,350,530$23,171,358$32,845,445
65$37,563,677$26,545,784$23,900,677$35,558,429
66$41,346,773$27,798,127$24,652,950$38,524,545
67$45,514,219$29,110,311$25,428,899$41,768,695
68$50,105,172$30,485,220$26,229,270$45,318,286
69$55,162,781$31,925,876$27,054,832$49,203,482
70$60,734,592$33,435,452$27,906,376$53,457,480
71$66,873,002$35,017,271$28,784,722$58,116,825
72$73,635,750$36,674,818$29,690,711$63,221,742
73$81,086,461$38,411,749$30,625,215$68,816,514
74$89,295,251$40,231,895$31,589,130$74,949,895
75$98,339,383$42,139,275$32,583,383$81,675,559
76$108,304,001$44,138,101$33,608,927$89,052,604
77$119,282,932$46,232,790$34,666,749$97,146,101
78$131,379,569$48,427,975$35,757,863$106,027,702
79$144,707,850$50,728,511$36,883,317$115,776,307
80$159,393,335$53,139,492$38,044,192$126,478,804
81$175,574,386$55,666,258$39,241,603$138,230,878
82$193,403,477$58,314,408$40,476,700$151,137,905
83$213,048,630$61,089,812$41,750,668$165,315,942
84$234,695,006$63,998,629$43,064,731$180,892,809
85$258,546,648$67,047,313$44,420,151$198,009,287
86$284,828,409$70,242,635$45,818,229$216,820,437
87$313,788,075$73,591,692$47,260,308$237,497,053
88$345,698,702$77,101,929$48,747,772$260,227,262
89$380,861,198$80,781,151$50,282,050$285,218,291
90$419,607,156$84,637,543$51,864,615$312,698,409
91$462,301,993$88,679,690$53,496,986$342,919,067
92$509,348,392$92,916,591$55,180,732$376,157,264
93$561,190,110$97,357,686$56,917,468$412,718,142
94$618,316,161$102,012,872$58,708,863$452,937,857
95$681,265,436$106,892,529$60,556,636$497,186,734
96$750,631,789$112,007,541$62,462,562$545,872,749
97$827,069,644$117,369,324$64,428,471$599,445,363
98$911,300,173$122,989,846$66,456,250$658,399,747
99$1,004,118,103$128,881,661$68,547,846$723,281,441
100$1,106,399,219$135,057,932$70,705,269$794,691,482