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%12%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,565,651
2 years$809,438$794,363$779,753$765,588$751,848$738,515
3 years$534,265$519,125$504,552$490,519$477,003$463,979
4 years$396,706$381,612$367,185$353,392$340,203$327,588
5 years$314,192$299,188$284,950$271,439$258,617$246,449
6 years$259,200$244,310$230,282$217,072$204,634$192,928
7 years$219,936$205,171$191,366$178,467$166,423$155,184
8 years$190,501$175,869$162,293$149,711$138,064$127,292
9 years$167,619$153,126$139,783$127,521$116,270$105,962
10 years$149,325$134,973$121,866$109,924$99,067$89,217
11 years$134,366$120,159$107,289$95,667$85,201$75,802
12 years$121,910$107,848$95,216$83,913$73,834$64,876
13 years$111,378$97,463$85,069$74,082$64,384$55,858
14 years$102,358$88,591$76,435$65,762$56,439$48,334
15 years$94,548$80,930$69,011$58,648$49,693$41,997
16 years$87,721$74,251$62,569$52,513$43,919$36,621
17 years$81,704$68,383$56,935$47,183$38,942$32,028
18 years$76,361$63,189$51,974$42,521$34,625$28,084
19 years$71,586$58,563$47,580$38,421$30,862$24,679
20 years$67,294$54,419$43,666$34,798$27,567$21,729
21 years$63,416$50,689$40,165$31,581$24,669$19,164
22 years$59,895$47,317$37,018$28,715$22,112$16,925
23 years$56,685$44,254$34,179$26,151$19,849$14,968
24 years$53,746$41,463$31,610$23,851$17,841$13,251
25 years$51,047$38,911$29,277$21,782$16,054$11,742
26 years$48,560$36,570$27,153$19,917$14,461$10,414
27 years$46,261$34,417$25,214$18,230$13,038$9,244
28 years$44,130$32,431$23,440$16,703$11,764$8,210
29 years$42,149$30,595$21,813$15,317$10,623$7,296
30 years$40,304$28,894$20,318$14,057$9,598$6,488
31 years$38,582$27,314$18,942$12,910$8,678$5,771
32 years$36,970$25,845$17,673$11,865$7,850$5,136
33 years$35,459$24,475$16,501$10,911$7,104$4,572
34 years$34,040$23,197$15,418$10,039$6,432$4,072
35 years$32,705$22,002$14,415$9,241$5,826$3,627
36 years$31,447$20,883$13,485$8,511$5,278$3,232
37 years$30,260$19,834$12,621$7,842$4,784$2,880
38 years$29,138$18,850$11,819$7,228$4,337$2,567
39 years$28,076$17,924$11,073$6,664$3,933$2,289
40 years$27,070$17,053$10,379$6,147$3,567$2,041
41 years$26,115$16,233$9,732$5,671$3,236$1,820
42 years$25,208$15,460$9,129$5,234$2,937$1,624
43 years$24,346$14,730$8,567$4,832$2,665$1,448
44 years$23,525$14,041$8,041$4,461$2,419$1,292
45 years$22,743$13,389$7,550$4,120$2,196$1,153
46 years$21,997$12,773$7,092$3,806$1,994$1,029
47 years$21,285$12,189$6,662$3,516$1,811$918
48 years$20,605$11,636$6,261$3,249$1,644$819
49 years$19,954$11,112$5,885$3,003$1,493$731
50 years$19,332$10,615$5,533$2,775$1,357$652

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 $4,795 every year, while hoping to spend $43,690 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: 31/50/19 Blend
58$19,800,000$19,800,000$19,800,000$19,800,000
59$21,824,546$20,775,146$20,468,246$22,371,204
60$24,004,164$21,746,642$21,107,446$23,754,085
61$26,404,639$22,764,278$21,766,596$25,237,410
62$29,048,451$23,830,267$22,446,316$26,833,268
63$31,960,375$24,946,931$23,147,249$28,551,466
64$35,167,707$26,116,705$23,870,056$30,402,736
65$38,700,530$27,342,140$24,615,420$32,398,827
66$42,591,991$28,625,912$25,384,043$34,552,603
67$46,878,617$29,970,825$26,176,652$36,878,158
68$51,600,659$31,379,819$26,993,993$39,390,930
69$56,802,473$32,855,977$27,836,839$42,107,841
70$62,532,937$34,402,531$28,705,984$45,047,441
71$68,845,911$36,022,869$29,602,249$48,230,066
72$75,800,748$37,720,545$30,526,479$51,678,024
73$83,462,855$39,499,281$31,479,546$55,415,782
74$91,904,305$41,362,985$32,462,350$59,470,188
75$101,204,522$43,315,750$33,475,817$63,870,704
76$111,451,030$45,361,868$34,520,903$68,649,669
77$122,740,277$47,505,841$35,598,595$73,842,586
78$135,178,545$49,752,388$36,709,909$79,488,440
79$148,882,959$52,106,456$37,855,892$85,630,041
80$163,982,582$54,573,235$39,037,626$92,314,416
81$180,619,645$57,158,162$40,256,226$99,593,224
82$198,950,879$59,866,943$41,512,840$107,523,226
83$219,149,002$62,705,556$42,808,654$116,166,796
84$241,404,346$65,680,274$44,144,889$125,592,482
85$265,926,652$68,797,670$45,522,806$135,875,634
86$292,947,054$72,064,639$46,943,703$147,099,082
87$322,720,257$75,488,410$48,408,920$159,353,894
88$355,526,944$79,076,563$49,919,840$172,740,203
89$391,676,423$82,837,045$51,477,886$187,368,125
90$431,509,549$86,778,192$53,084,526$203,358,762
91$475,401,942$90,908,742$54,741,277$220,845,315
92$523,767,529$95,237,860$56,449,698$239,974,302
93$577,062,456$99,775,153$58,211,402$260,906,909
94$635,789,390$104,530,699$60,028,047$283,820,468
95$700,502,268$109,515,064$61,901,347$308,910,094
96$771,811,524$114,739,327$63,833,067$336,390,481
97$850,389,852$120,215,106$65,825,027$366,497,887
98$936,978,556$125,954,586$67,879,105$399,492,314
99$1,032,394,550$131,970,541$69,997,236$435,659,919
100$1,137,538,066$138,276,371$72,181,416$475,315,657