Can I retire at age 59 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,490,909
2 years$793,086$778,316$764,001$750,121$736,659$680,780
3 years$523,472$508,638$494,359$480,610$467,367$413,441
4 years$388,691$373,903$359,767$346,252$333,330$281,768
5 years$307,844$293,144$279,194$265,955$253,392$204,329
6 years$253,964$239,374$225,630$212,686$200,500$153,973
7 years$215,493$201,026$187,500$174,861$163,061$119,056
8 years$186,653$172,317$159,015$146,687$135,274$93,756
9 years$164,233$150,033$136,959$124,945$113,921$74,832
10 years$146,308$132,246$119,404$107,703$97,066$60,339
11 years$131,652$117,731$105,121$93,734$83,480$49,037
12 years$119,447$105,669$93,293$82,218$72,342$40,100
13 years$109,128$95,494$83,351$72,586$63,084$32,952
14 years$100,290$86,801$74,891$64,434$55,299$27,186
15 years$92,638$79,295$67,617$57,463$48,689$22,501
16 years$85,949$72,751$61,304$51,452$43,032$18,671
17 years$80,053$67,001$55,784$46,229$38,155$15,527
18 years$74,818$61,912$50,924$41,662$33,926$12,935
19 years$70,140$57,380$46,619$37,645$30,239$10,791
20 years$65,934$53,320$42,784$34,095$27,010$9,013
21 years$62,135$49,665$39,353$30,943$24,171$7,536
22 years$58,685$46,361$36,270$28,135$21,666$6,306
23 years$55,539$43,360$33,489$25,623$19,448$5,280
24 years$52,661$40,626$30,972$23,369$17,481$4,424
25 years$50,016$38,125$28,686$21,342$15,730$3,708
26 years$47,579$35,832$26,605$19,514$14,169$3,110
27 years$45,326$33,722$24,705$17,862$12,774$2,609
28 years$43,238$31,776$22,966$16,365$11,527$2,189
29 years$41,298$29,977$21,372$15,007$10,408$1,837
30 years$39,490$28,310$19,907$13,773$9,404$1,542
31 years$37,802$26,762$18,559$12,649$8,503$1,295
32 years$36,223$25,323$17,316$11,625$7,691$1,087
33 years$34,743$23,981$16,168$10,690$6,961$913
34 years$33,352$22,728$15,106$9,836$6,302$767
35 years$32,044$21,558$14,123$9,055$5,708$644
36 years$30,812$20,461$13,212$8,339$5,172$541
37 years$29,648$19,434$12,366$7,683$4,687$455
38 years$28,549$18,469$11,581$7,082$4,249$382
39 years$27,509$17,562$10,850$6,530$3,854$321
40 years$26,523$16,709$10,169$6,023$3,495$270
41 years$25,587$15,905$9,536$5,557$3,171$227
42 years$24,699$15,148$8,945$5,128$2,877$190
43 years$23,854$14,433$8,393$4,734$2,611$160
44 years$23,050$13,757$7,879$4,371$2,370$134
45 years$22,284$13,119$7,398$4,037$2,152$113
46 years$21,553$12,515$6,948$3,729$1,954$95
47 years$20,855$11,943$6,528$3,445$1,774$80
48 years$20,189$11,401$6,134$3,183$1,611$67
49 years$19,551$10,887$5,766$2,942$1,463$56
50 years$18,941$10,400$5,421$2,719$1,329$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,400,000, adding $4,611 every year, while hoping to spend $26,586 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: 32/48/20 Blend
58$19,400,000$19,400,000$19,400,000$19,400,000
59$21,383,556$20,355,356$20,054,656$21,935,025
60$23,536,392$21,324,481$20,698,200$23,317,272
61$25,907,925$22,340,203$21,362,411$24,802,354
62$28,520,436$23,404,775$22,047,955$26,401,423
63$31,398,475$24,520,564$22,755,516$28,124,469
64$34,569,096$25,690,048$23,485,802$29,982,427
65$38,062,112$26,915,828$24,239,544$31,987,271
66$41,910,374$28,200,631$25,017,496$34,152,114
67$46,150,087$29,547,316$25,820,436$36,491,324
68$50,821,142$30,958,881$26,649,168$39,020,645
69$55,967,504$32,438,471$27,504,520$41,757,334
70$61,637,616$33,989,383$28,387,348$44,720,313
71$67,884,865$35,615,075$29,298,536$47,930,330
72$74,768,080$37,319,172$30,238,996$51,410,145
73$82,352,090$39,105,477$31,209,668$55,184,730
74$90,708,335$40,977,978$32,211,524$59,281,486
75$99,915,542$42,940,855$33,245,567$63,730,486
76$110,060,465$44,998,495$34,312,831$68,564,747
77$121,238,707$47,155,496$35,414,385$73,820,519
78$133,555,619$49,416,680$36,551,332$79,537,608
79$147,127,300$51,787,104$37,724,809$85,759,737
80$162,081,686$54,272,074$38,935,991$92,534,936
81$178,559,762$56,877,150$40,186,091$99,915,972
82$196,716,893$59,608,165$41,476,360$107,960,830
83$216,724,289$62,471,238$42,808,091$116,733,232
84$238,770,620$65,472,782$44,182,616$126,303,217
85$263,063,801$68,619,527$45,601,312$136,747,775
86$289,832,953$71,918,527$47,065,599$148,151,551
87$319,330,562$75,377,183$48,576,944$160,607,611
88$351,834,868$79,003,254$50,136,861$174,218,293
89$387,652,490$82,804,879$51,746,912$189,096,144
90$427,121,319$86,790,593$53,408,708$205,364,950
91$470,613,710$90,969,348$55,123,916$223,160,869
92$518,539,994$95,350,532$56,894,253$242,633,683
93$571,352,355$99,943,990$58,721,492$263,948,173
94$629,549,097$104,760,047$60,607,464$287,285,640
95$693,679,349$109,809,534$62,554,058$312,845,571
96$764,348,249$115,103,807$64,563,225$340,847,485
97$842,222,655$120,654,778$66,636,978$371,532,956
98$928,037,443$126,474,939$68,777,394$405,167,851
99$1,022,602,444$132,577,393$70,986,618$442,044,789
100$1,126,810,089$138,975,881$73,266,865$482,485,854