Can I retire at age 59 with 19,700,000?

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 $19,700,000?

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%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,513,363
2 years$805,350$790,351$775,815$761,721$748,050$690,718
3 years$531,567$516,503$502,004$488,042$474,594$419,274
4 years$394,702$379,685$365,330$351,607$338,484$285,600
5 years$312,605$297,677$283,511$270,068$257,310$206,999
6 years$257,891$243,076$229,119$215,975$203,601$155,898
7 years$218,825$204,135$190,399$177,565$165,582$120,476
8 years$189,539$174,981$161,474$148,955$137,366$94,818
9 years$166,773$152,353$139,077$126,877$115,682$75,633
10 years$148,571$134,291$121,251$109,369$98,567$60,947
11 years$133,688$119,552$106,747$95,184$84,771$49,499
12 years$121,294$107,303$94,735$83,489$73,461$40,450
13 years$110,815$96,971$84,640$73,708$64,059$33,217
14 years$101,841$88,144$76,049$65,430$56,154$27,386
15 years$94,071$80,521$68,662$58,352$49,442$22,650
16 years$87,278$73,876$62,253$52,248$43,697$18,781
17 years$81,291$68,037$56,647$46,944$38,745$15,607
18 years$75,975$62,870$51,712$42,306$34,450$12,991
19 years$71,225$58,267$47,339$38,227$30,706$10,830
20 years$66,954$54,144$43,446$34,622$27,427$9,039
21 years$63,095$50,433$39,962$31,422$24,544$7,551
22 years$59,592$47,078$36,831$28,570$22,001$6,314
23 years$56,398$44,031$34,007$26,019$19,749$5,283
24 years$53,475$41,254$31,451$23,731$17,751$4,423
25 years$50,790$38,715$29,130$21,672$15,973$3,704
26 years$48,315$36,386$27,016$19,816$14,388$3,104
27 years$46,027$34,243$25,087$18,138$12,972$2,602
28 years$43,907$32,267$23,322$16,618$11,705$2,181
29 years$41,936$30,440$21,703$15,239$10,569$1,829
30 years$40,101$28,748$20,215$13,986$9,550$1,534
31 years$38,387$27,176$18,846$12,845$8,634$1,287
32 years$36,783$25,714$17,584$11,805$7,810$1,080
33 years$35,280$24,352$16,418$10,856$7,068$906
34 years$33,868$23,080$15,340$9,988$6,399$761
35 years$32,540$21,891$14,342$9,195$5,796$638
36 years$31,288$20,778$13,416$8,468$5,252$536
37 years$30,107$19,734$12,558$7,802$4,760$450
38 years$28,991$18,754$11,760$7,191$4,315$377
39 years$27,934$17,834$11,017$6,631$3,913$317
40 years$26,933$16,967$10,327$6,116$3,549$266
41 years$25,983$16,151$9,683$5,643$3,220$223
42 years$25,081$15,382$9,083$5,208$2,922$187
43 years$24,223$14,656$8,523$4,807$2,652$157
44 years$23,406$13,970$8,001$4,439$2,407$132
45 years$22,628$13,322$7,512$4,099$2,185$111
46 years$21,886$12,708$7,056$3,787$1,984$93
47 years$21,178$12,128$6,629$3,498$1,802$78
48 years$20,501$11,577$6,229$3,233$1,636$66
49 years$19,854$11,056$5,855$2,987$1,486$55
50 years$19,234$10,561$5,505$2,761$1,350$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,700,000, adding $4,871 every year, while hoping to spend $21,627 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: 56/30/14 Blend
58$19,700,000$19,700,000$19,700,000$19,700,000
59$21,714,424$20,670,324$20,364,974$22,851,580
60$23,906,285$21,660,159$21,024,190$24,613,249
61$26,320,990$22,697,771$21,704,765$26,528,476
62$28,981,248$23,785,479$22,407,391$28,614,196
63$31,912,080$24,925,712$23,132,784$30,886,719
64$35,141,062$26,121,022$23,881,682$33,363,971
65$38,698,579$27,374,081$24,654,847$36,065,657
66$42,618,117$28,687,694$25,453,067$39,013,435
67$46,936,575$30,064,801$26,277,155$42,231,121
68$51,694,615$31,508,485$27,127,949$45,744,900
69$56,937,045$33,021,981$28,006,315$49,583,568
70$62,713,246$34,608,680$28,913,148$53,778,794
71$69,077,630$36,272,139$29,849,372$58,365,411
72$76,090,163$38,016,087$30,815,940$63,381,737
73$83,816,922$39,844,438$31,813,836$68,869,922
74$92,330,725$41,761,293$32,844,077$74,876,343
75$101,711,817$43,770,955$33,907,712$81,452,027
76$112,048,627$45,877,936$35,005,825$88,653,120
77$123,438,601$48,086,968$36,139,534$96,541,410
78$135,989,124$50,403,015$37,309,994$105,184,897
79$149,818,533$52,831,282$38,518,398$114,658,418
80$165,057,236$55,377,227$39,765,976$125,044,348
81$181,848,939$58,046,576$41,054,001$136,433,355
82$200,352,004$60,845,332$42,383,784$148,925,248
83$220,740,949$63,779,793$43,756,681$162,629,903
84$243,208,087$66,856,564$45,174,091$177,668,280
85$267,965,347$70,082,571$46,637,458$194,173,556
86$295,246,273$73,465,078$48,148,274$212,292,357
87$325,308,231$77,011,705$49,708,079$232,186,128
88$358,434,833$80,730,441$51,318,462$254,032,638
89$394,938,622$84,629,668$52,981,066$278,027,637
90$435,164,015$88,718,176$54,697,586$304,386,685
91$479,490,561$93,005,183$56,469,771$333,347,162
92$528,336,518$97,500,357$58,299,429$365,170,488
93$582,162,808$102,213,839$60,188,424$400,144,569
94$641,477,362$107,156,265$62,138,684$438,586,486
95$706,839,919$112,338,789$64,152,197$480,845,462
96$778,867,312$117,773,110$66,231,016$527,306,136
97$858,239,285$123,471,499$68,377,262$578,392,161
98$945,704,915$129,446,826$70,593,124$634,570,174
99$1,042,089,684$135,712,589$72,880,862$696,354,171
100$1,148,303,271$142,282,944$75,242,809$764,310,326