Can I retire at age 59 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,532,524
2 years$788,998$774,304$760,063$746,255$732,861$726,315
3 years$520,774$506,016$491,811$478,133$464,957$458,551
4 years$386,688$371,975$357,912$344,468$331,612$325,395
5 years$306,257$291,633$277,755$264,584$252,086$246,078
6 years$252,655$238,140$224,467$211,590$199,467$193,675
7 years$214,382$199,990$186,533$173,960$162,220$156,647
8 years$185,691$171,428$158,195$145,931$134,577$129,224
9 years$163,387$149,259$136,253$124,301$113,333$108,199
10 years$145,554$131,565$118,789$107,148$96,566$91,647
11 years$130,973$117,124$104,580$93,251$83,050$78,344
12 years$118,831$105,124$92,812$81,794$71,969$67,473
13 years$108,565$95,002$82,921$72,212$62,759$58,467
14 years$99,774$86,354$74,505$64,101$55,014$50,923
15 years$92,161$78,886$67,268$57,167$48,438$44,543
16 years$85,506$72,376$60,988$51,187$42,810$39,105
17 years$79,641$66,656$55,497$45,991$37,958$34,438
18 years$74,433$61,593$50,662$41,447$33,751$30,410
19 years$69,778$57,084$46,378$37,451$30,083$26,915
20 years$65,595$53,045$42,564$33,919$26,871$23,870
21 years$61,814$49,409$39,150$30,784$24,046$21,207
22 years$58,382$46,122$36,083$27,990$21,554$18,870
23 years$55,253$43,137$33,316$25,491$19,348$16,814
24 years$52,389$40,416$30,812$23,249$17,390$14,999
25 years$49,758$37,929$28,538$21,232$15,649$13,395
26 years$47,334$35,647$26,468$19,414$14,096$11,973
27 years$45,093$33,548$24,578$17,770$12,709$10,711
28 years$43,015$31,612$22,848$16,281$11,467$9,589
29 years$41,085$29,822$21,262$14,930$10,355$8,591
30 years$39,286$28,164$19,805$13,702$9,356$7,700
31 years$37,607$26,624$18,463$12,584$8,459$6,906
32 years$36,036$25,192$17,227$11,565$7,652$6,196
33 years$34,563$23,857$16,085$10,635$6,925$5,562
34 years$33,180$22,611$15,029$9,785$6,269$4,995
35 years$31,879$21,446$14,051$9,008$5,678$4,486
36 years$30,653$20,356$13,144$8,296$5,145$4,031
37 years$29,496$19,333$12,303$7,644$4,663$3,623
38 years$28,402$18,374$11,521$7,045$4,228$3,257
39 years$27,367$17,471$10,794$6,496$3,834$2,929
40 years$26,386$16,623$10,117$5,992$3,477$2,634
41 years$25,456$15,823$9,487$5,528$3,155$2,369
42 years$24,572$15,070$8,899$5,102$2,863$2,132
43 years$23,731$14,358$8,350$4,710$2,598$1,918
44 years$22,931$13,686$7,838$4,349$2,358$1,726
45 years$22,169$13,051$7,360$4,016$2,141$1,553
46 years$21,442$12,450$6,912$3,710$1,944$1,398
47 years$20,748$11,881$6,494$3,427$1,765$1,258
48 years$20,085$11,342$6,103$3,167$1,603$1,133
49 years$19,450$10,831$5,736$2,927$1,456$1,020
50 years$18,844$10,347$5,393$2,705$1,322$918

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,300,000, adding $5,466 every year, while hoping to spend $26,765 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: 76/14/10 Blend
58$19,300,000$19,300,000$19,300,000$19,300,000
59$21,274,238$20,251,338$19,952,188$22,853,275
60$23,415,733$21,215,176$20,592,109$24,857,498
61$25,774,763$22,225,345$21,252,570$27,049,923
62$28,373,488$23,284,087$21,934,231$29,452,426
63$31,236,330$24,393,752$22,637,773$32,085,873
64$34,390,196$25,556,807$23,363,899$34,973,237
65$37,864,742$26,775,836$24,113,335$38,139,808
66$41,692,643$28,053,550$24,886,830$41,613,430
67$45,909,910$29,392,791$25,685,156$45,424,758
68$50,556,224$30,796,541$26,509,111$49,607,547
69$55,675,312$32,267,924$27,359,520$54,198,963
70$61,315,361$33,810,220$28,237,231$59,239,934
71$67,529,471$35,426,865$29,143,122$64,775,528
72$74,376,160$37,121,463$30,078,099$70,855,376
73$81,919,909$38,897,796$31,043,096$77,534,135
74$90,231,778$40,759,826$32,039,078$84,872,002
75$99,390,072$42,711,711$33,067,041$92,935,272
76$109,481,085$44,757,810$34,128,011$101,796,964
77$120,599,907$46,902,694$35,223,051$111,537,499
78$132,851,330$49,151,158$36,353,255$122,245,460
79$146,350,829$51,508,229$37,519,754$134,018,415
80$161,225,661$53,979,179$38,723,712$146,963,839
81$177,616,057$56,569,538$39,966,336$161,200,115
82$195,676,554$59,285,104$41,248,866$176,857,651
83$215,577,446$62,131,957$42,572,587$194,080,097
84$237,506,398$65,116,476$43,938,822$213,025,701
85$261,670,216$68,245,348$45,348,937$233,868,788
86$288,296,794$71,525,587$46,804,343$256,801,404
87$317,637,275$74,964,549$48,306,497$282,035,113
88$349,968,412$78,569,947$49,856,899$309,802,992
89$385,595,188$82,349,872$51,457,103$340,361,817
90$424,853,690$86,312,808$53,108,709$373,994,481
91$468,114,284$90,467,654$54,813,368$411,012,651
92$515,785,113$94,823,740$56,572,788$451,759,700
93$568,315,946$99,390,855$58,388,728$496,613,939
94$626,202,427$104,179,262$60,263,005$545,992,177
95$689,990,755$109,199,727$62,197,496$600,353,638
96$760,282,837$114,463,537$64,194,137$660,204,291
97$837,741,971$119,982,535$66,254,925$726,101,608
98$923,099,110$125,769,138$68,381,923$798,659,813
99$1,017,159,763$131,836,369$70,577,261$878,555,668
100$1,120,811,595$138,197,888$72,843,136$966,534,845