Can I retire at age 59 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,502,777
2 years$797,174$782,328$767,939$753,988$740,456$688,400
3 years$526,170$511,260$496,907$483,087$469,776$419,479
4 years$390,695$375,830$361,621$348,037$335,048$286,894
5 years$309,431$294,655$280,633$267,326$254,698$208,816
6 years$255,273$240,608$226,793$213,783$201,534$157,960
7 years$216,603$202,062$188,466$175,763$163,901$122,629
8 years$187,615$173,205$159,834$147,443$135,972$96,971
9 years$165,080$150,806$137,665$125,589$114,508$77,730
10 years$147,062$132,928$120,020$108,259$97,566$62,954
11 years$132,330$118,338$105,663$94,217$83,910$51,395
12 years$120,063$106,214$93,774$82,641$72,715$42,224
13 years$109,690$95,986$83,780$72,960$63,409$34,864
14 years$100,807$87,249$75,277$64,766$55,584$28,904
15 years$93,116$79,703$67,965$57,760$48,940$24,042
16 years$86,392$73,126$61,620$51,717$43,254$20,052
17 years$80,466$67,347$56,072$46,468$38,352$16,761
18 years$75,204$62,231$51,187$41,877$34,101$14,036
19 years$70,501$57,675$46,859$37,839$30,395$11,772
20 years$66,274$53,595$43,005$34,271$27,149$9,885
21 years$62,455$49,921$39,556$31,103$24,295$8,310
22 years$58,987$46,600$36,457$28,280$21,777$6,992
23 years$55,826$43,584$33,662$25,755$19,549$5,887
24 years$52,932$40,835$31,131$23,490$17,571$4,960
25 years$50,274$38,322$28,834$21,452$15,811$4,181
26 years$47,824$36,016$26,742$19,615$14,242$3,526
27 years$45,560$33,896$24,832$17,954$12,840$2,975
28 years$43,461$31,940$23,085$16,450$11,586$2,510
29 years$41,511$30,131$21,482$15,085$10,462$2,119
30 years$39,694$28,456$20,010$13,844$9,453$1,789
31 years$37,997$26,900$18,655$12,715$8,546$1,511
32 years$36,410$25,453$17,405$11,685$7,731$1,276
33 years$34,922$24,105$16,251$10,745$6,996$1,078
34 years$33,524$22,846$15,184$9,887$6,334$911
35 years$32,209$21,669$14,196$9,101$5,737$769
36 years$30,971$20,567$13,280$8,382$5,198$650
37 years$29,801$19,534$12,430$7,723$4,711$549
38 years$28,696$18,564$11,640$7,118$4,271$464
39 years$27,651$17,653$10,906$6,564$3,873$392
40 years$26,660$16,795$10,222$6,054$3,513$331
41 years$25,719$15,987$9,585$5,585$3,187$280
42 years$24,826$15,226$8,991$5,155$2,892$237
43 years$23,977$14,507$8,437$4,758$2,625$200
44 years$23,169$13,828$7,919$4,394$2,383$169
45 years$22,399$13,186$7,436$4,058$2,163$143
46 years$21,664$12,579$6,984$3,748$1,964$121
47 years$20,963$12,005$6,561$3,463$1,783$102
48 years$20,293$11,460$6,166$3,200$1,619$86
49 years$19,652$10,944$5,796$2,957$1,471$73
50 years$19,039$10,454$5,449$2,733$1,336$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,500,000, adding $6,582 every year, while hoping to spend $57,102 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: 47/31/22 Blend
58$19,500,000$19,500,000$19,500,000$19,500,000
59$21,495,789$20,462,289$20,160,039$22,370,970
60$23,627,604$21,404,185$20,774,645$23,925,922
61$25,974,949$22,390,321$21,407,925$25,606,512
62$28,559,750$23,422,802$22,060,447$27,429,539
63$31,406,165$24,503,839$22,732,791$29,408,368
64$34,540,813$25,635,747$23,425,559$31,557,675
65$37,993,028$26,820,951$24,139,368$33,893,584
66$41,795,135$28,061,995$24,874,855$36,433,808
67$45,982,751$29,361,546$25,632,675$39,197,810
68$50,595,127$30,722,396$26,413,504$42,206,984
69$55,675,512$32,147,476$27,218,039$45,484,840
70$61,271,566$33,639,854$28,046,995$49,057,225
71$67,435,808$35,202,749$28,901,112$52,952,555
72$74,226,110$36,839,534$29,781,149$57,202,074
73$81,706,247$38,553,745$30,687,891$61,840,142
74$89,946,494$40,349,088$31,622,145$66,904,546
75$99,024,291$42,229,448$32,584,742$72,436,849
76$109,024,977$44,198,899$33,576,539$78,482,769
77$120,042,589$46,261,709$34,598,417$85,092,603
78$132,180,754$48,422,355$35,651,285$92,321,684
79$145,553,668$50,685,527$36,736,081$100,230,897
80$160,287,169$53,056,145$37,853,766$108,887,240
81$176,519,929$55,539,364$39,005,336$118,364,437
82$194,404,759$58,140,591$40,191,812$128,743,627
83$214,110,056$60,865,491$41,414,249$140,114,111
84$235,821,388$63,720,006$42,673,732$152,574,181
85$259,743,246$66,710,363$43,971,379$166,232,033
86$286,100,979$69,843,092$45,308,342$181,206,767
87$315,142,913$73,125,039$46,685,806$197,629,499
88$347,142,704$76,563,379$48,104,994$215,644,577
89$382,401,912$80,165,637$49,567,164$235,410,925
90$421,252,856$83,939,702$51,073,612$257,103,524
91$464,061,743$87,893,843$52,625,674$280,915,040
92$511,232,130$92,036,731$54,224,724$307,057,625
93$563,208,735$96,377,458$55,872,179$335,764,895
94$620,481,627$100,925,554$57,569,499$367,294,107
95$683,590,860$105,691,014$59,318,184$401,928,569
96$753,131,569$110,684,315$61,119,784$439,980,284
97$829,759,585$115,916,442$62,975,893$481,792,870
98$914,197,629$121,398,914$64,888,152$527,744,771
99$1,007,242,135$127,143,809$66,858,253$578,252,805
100$1,109,770,765$133,163,788$68,887,936$633,776,062