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%18.4%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,486,771
2 years$788,998$774,304$760,063$746,255$732,861$680,756
3 years$520,774$506,016$491,811$478,133$464,957$414,621
4 years$386,688$371,975$357,912$344,468$331,612$283,429
5 years$306,257$291,633$277,755$264,584$252,086$206,185
6 years$252,655$238,140$224,467$211,590$199,467$155,884
7 years$214,382$199,990$186,533$173,960$162,220$120,949
8 years$185,691$171,428$158,195$145,931$134,577$95,585
9 years$163,387$149,259$136,253$124,301$113,333$76,573
10 years$145,554$131,565$118,789$107,148$96,566$61,977
11 years$130,973$117,124$104,580$93,251$83,050$50,565
12 years$118,831$105,124$92,812$81,794$71,969$41,515
13 years$108,565$95,002$82,921$72,212$62,759$34,255
14 years$99,774$86,354$74,505$64,101$55,014$28,379
15 years$92,161$78,886$67,268$57,167$48,438$23,589
16 years$85,506$72,376$60,988$51,187$42,810$19,660
17 years$79,641$66,656$55,497$45,991$37,958$16,421
18 years$74,433$61,593$50,662$41,447$33,751$13,741
19 years$69,778$57,084$46,378$37,451$30,083$11,516
20 years$65,595$53,045$42,564$33,919$26,871$9,663
21 years$61,814$49,409$39,150$30,784$24,046$8,117
22 years$58,382$46,122$36,083$27,990$21,554$6,824
23 years$55,253$43,137$33,316$25,491$19,348$5,741
24 years$52,389$40,416$30,812$23,249$17,390$4,833
25 years$49,758$37,929$28,538$21,232$15,649$4,071
26 years$47,334$35,647$26,468$19,414$14,096$3,430
27 years$45,093$33,548$24,578$17,770$12,709$2,892
28 years$43,015$31,612$22,848$16,281$11,467$2,438
29 years$41,085$29,822$21,262$14,930$10,355$2,056
30 years$39,286$28,164$19,805$13,702$9,356$1,735
31 years$37,607$26,624$18,463$12,584$8,459$1,464
32 years$36,036$25,192$17,227$11,565$7,652$1,235
33 years$34,563$23,857$16,085$10,635$6,925$1,043
34 years$33,180$22,611$15,029$9,785$6,269$880
35 years$31,879$21,446$14,051$9,008$5,678$743
36 years$30,653$20,356$13,144$8,296$5,145$627
37 years$29,496$19,333$12,303$7,644$4,663$530
38 years$28,402$18,374$11,521$7,045$4,228$447
39 years$27,367$17,471$10,794$6,496$3,834$378
40 years$26,386$16,623$10,117$5,992$3,477$319
41 years$25,456$15,823$9,487$5,528$3,155$269
42 years$24,572$15,070$8,899$5,102$2,863$227
43 years$23,731$14,358$8,350$4,710$2,598$192
44 years$22,931$13,686$7,838$4,349$2,358$162
45 years$22,169$13,051$7,360$4,016$2,141$137
46 years$21,442$12,450$6,912$3,710$1,944$116
47 years$20,748$11,881$6,494$3,427$1,765$98
48 years$20,085$11,342$6,103$3,167$1,603$82
49 years$19,450$10,831$5,736$2,927$1,456$70
50 years$18,844$10,347$5,393$2,705$1,322$59

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 $3,084 every year, while hoping to spend $55,625 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: 42/37/21 Blend
58$19,300,000$19,300,000$19,300,000$19,300,000
59$21,271,781$20,248,881$19,949,731$22,034,203
60$23,382,318$21,181,892$20,558,863$23,509,617
61$25,706,266$22,158,756$21,186,536$25,100,737
62$28,265,333$23,181,563$21,833,313$26,822,662
63$31,083,441$24,252,504$22,499,773$28,687,440
64$34,186,951$25,373,875$23,186,514$30,708,292
65$37,604,908$26,548,082$23,894,150$32,899,729
66$41,369,319$27,777,649$24,623,315$35,277,684
67$45,515,455$29,065,219$25,374,661$37,859,647
68$50,082,180$30,413,564$26,148,861$40,664,829
69$55,112,322$31,825,588$26,946,607$43,714,330
70$60,653,074$33,304,337$27,768,613$47,031,330
71$66,756,440$34,853,002$28,615,615$50,641,297
72$73,479,727$36,474,929$29,488,368$54,572,219
73$80,886,085$38,173,626$30,387,654$58,854,853
74$89,045,101$39,952,770$31,314,276$63,523,010
75$98,033,459$41,816,213$32,269,062$68,613,857
76$107,935,660$43,767,996$33,252,864$74,168,259
77$118,844,824$45,812,354$34,266,562$80,231,150
78$130,863,564$47,953,728$35,311,059$86,851,942
79$144,104,958$50,196,771$36,387,290$94,084,982
80$158,693,613$52,546,362$37,496,213$101,990,046
81$174,766,844$55,007,616$38,638,819$110,632,888
82$192,475,969$57,585,896$39,816,126$120,085,847
83$211,987,736$60,286,823$41,029,185$130,428,511
84$233,485,899$63,116,291$42,279,076$141,748,451
85$257,172,950$66,080,479$43,566,915$154,142,029
86$283,272,032$69,185,863$44,893,848$167,715,287
87$312,029,045$72,439,236$46,261,057$182,584,931
88$343,714,966$75,847,717$47,669,761$198,879,407
89$378,628,408$79,418,771$49,121,214$216,740,096
90$417,098,438$83,160,224$50,616,707$236,322,621
91$459,487,685$87,080,281$52,157,573$257,798,295
92$506,195,758$91,187,544$53,745,181$281,355,710
93$557,663,026$95,491,034$55,380,945$307,202,494
94$614,374,767$100,000,207$57,066,319$335,567,239
95$676,865,754$104,724,978$58,802,801$366,701,634
96$745,725,301$109,675,742$60,591,936$400,882,807
97$821,602,828$114,863,400$62,435,312$438,415,912
98$905,213,990$120,299,380$64,334,569$479,636,974
99$997,347,432$125,995,665$66,291,392$524,916,027
100$1,098,872,237$131,964,819$68,307,519$574,660,570