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%17.1%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,486,793
2 years$784,910$770,292$756,124$742,388$729,064$684,842
3 years$518,075$503,394$489,263$475,655$462,548$419,732
4 years$384,684$370,048$356,058$342,683$329,893$288,812
5 years$304,671$290,122$276,316$263,213$250,780$211,545
6 years$251,346$236,907$223,304$210,494$198,433$161,081
7 years$213,271$198,954$185,567$173,059$161,380$125,909
8 years$184,728$170,540$157,375$145,175$133,880$100,271
9 years$162,540$148,486$135,547$123,656$112,746$80,966
10 years$144,800$130,883$118,173$106,593$96,065$66,070
11 years$130,295$116,517$104,038$92,768$82,619$54,359
12 years$118,216$104,580$92,331$81,370$71,596$45,015
13 years$108,003$94,510$82,492$71,837$62,433$37,473
14 years$99,257$85,907$74,119$63,769$54,729$31,327
15 years$91,683$78,477$66,919$56,871$48,187$26,279
16 years$85,063$72,001$60,672$50,922$42,588$22,108
17 years$79,228$66,311$55,209$45,753$37,762$18,643
18 years$74,047$61,274$50,399$41,233$33,576$15,752
19 years$69,417$56,788$46,138$37,257$29,927$13,331
20 years$65,255$52,770$42,343$33,743$26,731$11,298
21 years$61,494$49,153$38,947$30,624$23,921$9,586
22 years$58,080$45,883$35,896$27,845$21,442$8,141
23 years$54,967$42,913$33,144$25,359$19,248$6,920
24 years$52,118$40,207$30,652$23,128$17,300$5,886
25 years$49,501$37,732$28,390$21,122$15,568$5,010
26 years$47,089$35,462$26,330$19,313$14,023$4,266
27 years$44,859$33,374$24,450$17,678$12,643$3,634
28 years$42,793$31,448$22,730$16,197$11,408$3,097
29 years$40,872$29,668$21,152$14,853$10,301$2,640
30 years$39,083$28,018$19,702$13,631$9,308$2,251
31 years$37,412$26,486$18,368$12,519$8,415$1,920
32 years$35,850$25,062$17,137$11,505$7,612$1,638
33 years$34,384$23,734$16,001$10,580$6,889$1,397
34 years$33,008$22,494$14,951$9,735$6,237$1,192
35 years$31,714$21,335$13,978$8,961$5,649$1,017
36 years$30,494$20,250$13,076$8,253$5,118$868
37 years$29,343$19,233$12,239$7,604$4,639$741
38 years$28,255$18,278$11,461$7,009$4,206$633
39 years$27,225$17,381$10,738$6,463$3,814$540
40 years$26,249$16,537$10,065$5,961$3,459$461
41 years$25,324$15,741$9,437$5,500$3,138$394
42 years$24,444$14,991$8,853$5,075$2,848$336
43 years$23,608$14,284$8,307$4,685$2,584$287
44 years$22,812$13,615$7,798$4,326$2,346$245
45 years$22,054$12,984$7,322$3,995$2,130$209
46 years$21,331$12,386$6,877$3,690$1,934$179
47 years$20,640$11,820$6,460$3,410$1,756$153
48 years$19,980$11,284$6,071$3,151$1,595$130
49 years$19,350$10,775$5,706$2,912$1,448$111
50 years$18,746$10,293$5,365$2,691$1,315$95

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 $4,482 every year, while hoping to spend $41,681 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: 63/31/6 Blend
58$19,200,000$19,200,000$19,200,000$19,200,000
59$21,163,023$20,145,423$19,847,823$22,474,118
60$23,277,303$21,088,201$20,468,377$24,291,029
61$25,605,843$22,075,777$21,108,322$26,268,588
62$28,170,453$23,110,304$21,768,265$28,426,552
63$30,995,166$24,194,036$22,448,829$30,782,380
64$34,106,468$25,329,338$23,150,659$33,355,266
65$37,533,540$26,518,689$23,874,419$36,166,319
66$41,308,543$27,764,686$24,620,794$39,238,754
67$45,466,913$29,070,054$25,390,489$42,598,103
68$50,047,701$30,437,650$26,184,234$46,272,451
69$55,093,939$31,870,468$27,002,778$50,292,694
70$60,653,047$33,371,647$27,846,897$54,692,822
71$66,777,279$34,944,478$28,717,389$59,510,235
72$73,524,217$36,592,414$29,615,078$64,786,083
73$80,957,317$38,319,072$30,540,812$70,565,648
74$89,146,502$40,128,245$31,495,468$76,898,765
75$98,168,827$42,023,911$32,479,948$83,840,279
76$108,109,205$44,010,240$33,495,184$91,450,556
77$119,061,207$46,091,605$34,542,136$99,796,041
78$131,127,946$48,272,590$35,621,794$108,949,872
79$144,423,051$50,558,001$36,735,179$118,992,565
80$159,071,739$52,952,880$37,883,344$130,012,756
81$175,211,996$55,462,510$39,067,375$142,108,031
82$192,995,879$58,092,433$40,288,391$155,385,827
83$212,590,954$60,848,458$41,547,548$169,964,442
84$234,181,876$63,736,677$42,846,036$185,974,127
85$257,972,132$66,763,478$44,185,082$203,558,309
86$284,185,960$69,935,560$45,565,953$222,874,925
87$313,070,470$73,259,944$46,989,955$244,097,899
88$344,897,973$76,743,996$48,458,433$267,418,763
89$379,968,551$80,395,437$49,972,776$293,048,451
90$418,612,895$84,222,365$51,534,415$321,219,268
91$461,195,420$88,233,270$53,144,828$352,187,069
92$508,117,708$92,437,056$54,805,535$386,233,644
93$559,822,301$96,843,059$56,518,107$423,669,366
94$616,796,875$101,461,068$58,284,163$464,836,094
95$679,578,846$106,301,350$60,105,372$510,110,376
96$748,760,442$111,374,669$61,983,455$559,906,980
97$824,994,293$116,692,315$63,920,188$614,682,784
98$908,999,597$122,266,124$65,917,400$674,941,058
99$1,001,568,901$128,108,510$67,976,979$741,236,194
100$1,103,575,593$134,232,490$70,100,871$814,178,900