Can I retire at age 59 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,529,500
2 years$801,262$786,339$771,877$757,855$744,253$710,734
3 years$528,869$513,882$499,455$485,565$472,185$439,625
4 years$392,699$377,757$363,476$349,822$336,766$305,416
5 years$311,018$296,166$282,072$268,697$256,004$225,952
6 years$256,582$241,842$227,956$214,879$202,567$173,845
7 years$217,714$203,099$189,433$176,664$164,742$137,355
8 years$188,577$174,093$160,654$148,199$136,669$110,610
9 years$165,926$151,579$138,371$126,233$115,095$90,344
10 years$147,817$133,610$120,635$108,814$98,067$74,599
11 years$133,009$118,945$106,205$94,701$84,341$62,125
12 years$120,678$106,759$94,254$83,065$73,088$52,092
13 years$110,253$96,479$84,210$73,334$63,734$43,920
14 years$101,324$87,696$75,663$65,098$55,869$37,198
15 years$93,593$80,112$68,314$58,056$49,191$31,622
16 years$86,835$73,501$61,936$51,983$43,475$26,966
17 years$80,879$67,692$56,360$46,706$38,548$23,055
18 years$75,590$62,550$51,449$42,092$34,275$19,755
19 years$70,863$57,971$47,099$38,033$30,550$16,958
20 years$66,614$53,870$43,225$34,446$27,288$14,580
21 years$62,775$50,177$39,759$31,262$24,420$12,552
22 years$59,290$46,839$36,644$28,425$21,889$10,819
23 years$56,112$43,807$33,834$25,887$19,649$9,334
24 years$53,204$41,045$31,291$23,610$17,661$8,060
25 years$50,532$38,518$28,982$21,562$15,892$6,965
26 years$48,070$36,201$26,879$19,715$14,315$6,022
27 years$45,794$34,069$24,960$18,046$12,906$5,210
28 years$43,684$32,103$23,203$16,534$11,645$4,509
29 years$41,724$30,286$21,592$15,162$10,516$3,904
30 years$39,897$28,602$20,113$13,915$9,501$3,381
31 years$38,192$27,038$18,750$12,780$8,590$2,930
32 years$36,596$25,584$17,494$11,745$7,770$2,539
33 years$35,101$24,228$16,335$10,800$7,032$2,201
34 years$33,696$22,963$15,262$9,937$6,367$1,908
35 years$32,375$21,780$14,269$9,148$5,767$1,654
36 years$31,129$20,672$13,348$8,425$5,225$1,435
37 years$29,954$19,634$12,494$7,763$4,736$1,244
38 years$28,843$18,659$11,700$7,155$4,293$1,079
39 years$27,792$17,743$10,962$6,597$3,893$936
40 years$26,796$16,881$10,274$6,085$3,531$812
41 years$25,851$16,069$9,634$5,614$3,204$705
42 years$24,954$15,304$9,037$5,181$2,907$612
43 years$24,100$14,581$8,480$4,783$2,638$531
44 years$23,288$13,899$7,960$4,416$2,395$461
45 years$22,513$13,254$7,474$4,078$2,174$400
46 years$21,775$12,644$7,020$3,767$1,974$347
47 years$21,070$12,066$6,595$3,481$1,792$301
48 years$20,397$11,519$6,198$3,216$1,628$261
49 years$19,753$11,000$5,825$2,972$1,478$227
50 years$19,136$10,507$5,477$2,747$1,343$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,600,000, adding $2,825 every year, while hoping to spend $46,329 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: 54/26/20 Blend
58$19,600,000$19,600,000$19,600,000$19,600,000
59$21,602,114$20,563,314$20,259,514$22,650,849
60$23,756,236$21,521,623$20,888,914$24,328,080
61$26,128,526$22,525,336$21,537,846$26,147,785
62$28,741,187$23,576,629$22,206,916$28,127,673
63$31,618,688$24,677,784$22,896,747$30,283,057
64$34,787,990$25,831,191$23,607,984$32,630,765
65$38,278,802$27,039,357$24,341,289$35,189,298
66$42,123,865$28,304,910$25,097,347$37,978,997
67$46,359,253$29,630,605$25,876,862$41,022,227
68$51,024,722$31,019,329$26,680,562$44,343,584
69$56,164,079$32,474,111$27,509,196$47,970,116
70$61,825,597$33,998,125$28,363,536$51,931,577
71$68,062,473$35,594,698$29,244,380$56,260,695
72$74,933,326$37,267,319$30,152,547$60,993,473
73$82,502,753$39,019,646$31,088,886$66,169,527
74$90,841,938$40,855,513$32,054,268$71,832,441
75$100,029,323$42,778,940$33,049,593$78,030,178
76$110,151,349$44,794,143$34,075,789$84,815,518
77$121,303,271$46,905,540$35,133,812$92,246,550
78$133,590,058$49,117,765$36,224,648$100,387,205
79$147,127,384$51,435,676$37,349,314$109,307,855
80$162,042,717$53,864,364$38,508,857$119,085,958
81$178,476,528$56,409,172$39,704,357$129,806,786
82$196,583,609$59,075,697$40,936,928$141,564,210
83$216,534,541$61,869,809$42,207,719$154,461,578
84$238,517,299$64,797,664$43,517,912$168,612,674
85$262,739,029$67,865,716$44,868,728$184,142,779
86$289,428,004$71,080,730$46,261,424$201,189,839
87$318,835,777$74,449,802$47,697,299$219,905,752
88$351,239,556$77,980,372$49,177,687$240,457,783
89$386,944,819$81,680,239$50,703,969$263,030,131
90$426,288,203$85,557,583$52,277,564$287,825,645
91$469,640,674$89,620,979$53,899,937$315,067,723
92$517,411,037$93,879,421$55,572,599$345,002,399
93$570,049,787$98,342,337$57,297,105$377,900,650
94$628,053,369$103,019,615$59,075,062$414,060,928
95$691,968,859$107,921,623$60,908,123$453,811,958
96$762,399,132$113,059,231$62,797,994$497,515,814
97$840,008,550$118,443,840$64,746,433$545,571,321
98$925,529,237$124,087,403$66,755,254$598,417,784
99$1,019,767,988$130,002,455$68,826,324$656,539,118
100$1,123,613,887$136,202,140$70,961,570$720,468,381