Can I retire at age 59 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,558,504
2 years$809,438$794,363$779,753$765,588$751,848$731,349
3 years$534,265$519,125$504,552$490,519$477,003$457,018
4 years$396,706$381,612$367,185$353,392$340,203$320,885
5 years$314,192$299,188$284,950$271,439$258,617$240,023
6 years$259,200$244,310$230,282$217,072$204,634$186,787
7 years$219,936$205,171$191,366$178,467$166,423$149,328
8 years$190,501$175,869$162,293$149,711$138,064$121,720
9 years$167,619$153,126$139,783$127,521$116,270$100,670
10 years$149,325$134,973$121,866$109,924$99,067$84,201
11 years$134,366$120,159$107,289$95,667$85,201$71,054
12 years$121,910$107,848$95,216$83,913$73,834$60,390
13 years$111,378$97,463$85,069$74,082$64,384$51,626
14 years$102,358$88,591$76,435$65,762$56,439$44,348
15 years$94,548$80,930$69,011$58,648$49,693$38,249
16 years$87,721$74,251$62,569$52,513$43,919$33,100
17 years$81,704$68,383$56,935$47,183$38,942$28,727
18 years$76,361$63,189$51,974$42,521$34,625$24,992
19 years$71,586$58,563$47,580$38,421$30,862$21,789
20 years$67,294$54,419$43,666$34,798$27,567$19,030
21 years$63,416$50,689$40,165$31,581$24,669$16,646
22 years$59,895$47,317$37,018$28,715$22,112$14,580
23 years$56,685$44,254$34,179$26,151$19,849$12,786
24 years$53,746$41,463$31,610$23,851$17,841$11,223
25 years$51,047$38,911$29,277$21,782$16,054$9,860
26 years$48,560$36,570$27,153$19,917$14,461$8,670
27 years$46,261$34,417$25,214$18,230$13,038$7,628
28 years$44,130$32,431$23,440$16,703$11,764$6,716
29 years$42,149$30,595$21,813$15,317$10,623$5,915
30 years$40,304$28,894$20,318$14,057$9,598$5,213
31 years$38,582$27,314$18,942$12,910$8,678$4,595
32 years$36,970$25,845$17,673$11,865$7,850$4,052
33 years$35,459$24,475$16,501$10,911$7,104$3,575
34 years$34,040$23,197$15,418$10,039$6,432$3,154
35 years$32,705$22,002$14,415$9,241$5,826$2,784
36 years$31,447$20,883$13,485$8,511$5,278$2,458
37 years$30,260$19,834$12,621$7,842$4,784$2,170
38 years$29,138$18,850$11,819$7,228$4,337$1,916
39 years$28,076$17,924$11,073$6,664$3,933$1,692
40 years$27,070$17,053$10,379$6,147$3,567$1,495
41 years$26,115$16,233$9,732$5,671$3,236$1,321
42 years$25,208$15,460$9,129$5,234$2,937$1,167
43 years$24,346$14,730$8,567$4,832$2,665$1,031
44 years$23,525$14,041$8,041$4,461$2,419$911
45 years$22,743$13,389$7,550$4,120$2,196$805
46 years$21,997$12,773$7,092$3,806$1,994$712
47 years$21,285$12,189$6,662$3,516$1,811$629
48 years$20,605$11,636$6,261$3,249$1,644$556
49 years$19,954$11,112$5,885$3,003$1,493$491
50 years$19,332$10,615$5,533$2,775$1,357$434

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,800,000, adding $4,085 every year, while hoping to spend $46,290 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: 64/16/20 Blend
58$19,800,000$19,800,000$19,800,000$19,800,000
59$21,823,814$20,774,414$20,467,514$23,108,976
60$24,000,590$21,743,108$21,103,923$24,942,612
61$26,397,847$22,757,716$21,760,101$26,939,397
62$29,038,023$23,820,441$22,436,660$29,119,801
63$31,945,847$24,933,587$23,134,234$31,501,781
64$35,148,566$26,099,576$23,853,473$34,105,097
65$38,676,206$27,320,941$24,595,051$36,951,489
66$42,561,854$28,600,342$25,359,660$40,064,883
67$46,841,969$29,940,564$26,148,014$43,471,607
68$51,556,728$31,344,530$26,960,851$47,200,641
69$56,750,404$32,815,302$27,798,929$51,283,881
70$62,471,784$34,356,091$28,663,032$55,756,435
71$68,774,629$35,970,263$29,553,967$60,656,954
72$75,718,182$37,661,347$30,472,566$66,027,983
73$83,367,727$39,433,043$31,419,687$71,916,365
74$91,795,203$41,289,230$32,396,215$78,373,672
75$101,079,887$43,233,976$33,403,061$85,456,686
76$111,309,139$45,271,543$34,441,166$93,227,931
77$122,579,225$47,406,403$35,511,500$101,756,255
78$134,996,232$49,643,243$36,615,061$111,117,468
79$148,677,063$51,986,977$37,752,881$121,395,060
80$163,750,541$54,442,757$38,926,020$132,680,972
81$180,358,630$57,015,985$40,135,575$145,076,461
82$198,657,767$59,712,325$41,382,674$158,693,043
83$218,820,347$62,537,717$42,668,482$173,653,543
84$241,036,345$65,498,387$43,994,198$190,093,239
85$265,515,108$68,600,864$45,361,059$208,161,132
86$292,487,336$71,851,994$46,770,342$228,021,342
87$322,207,257$75,258,954$48,223,361$249,854,648
88$354,955,025$78,829,271$49,721,472$273,860,182
89$391,039,369$82,570,836$51,266,072$300,257,296
90$430,800,501$86,491,924$52,858,602$329,287,624
91$474,613,336$90,601,212$54,500,549$361,217,347
92$522,891,022$94,907,797$56,193,443$396,339,695
93$576,088,846$99,421,219$57,938,864$434,977,702
94$634,708,531$104,151,482$59,738,438$477,487,238
95$699,302,971$109,109,074$61,593,845$524,260,354
96$770,481,450$114,304,994$63,506,815$575,728,973
97$848,915,395$119,750,776$65,479,130$632,368,941
98$935,344,715$125,458,514$67,512,631$694,704,514
99$1,030,584,784$131,440,889$69,609,212$763,313,277
100$1,135,534,140$137,711,200$71,770,829$838,831,589