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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,542,591
2 years$809,438$794,363$779,753$765,588$751,848$715,487
3 years$534,265$519,125$504,552$490,519$477,003$441,707
4 years$396,706$381,612$367,185$353,392$340,203$306,243
5 years$314,192$299,188$284,950$271,439$258,617$226,089
6 years$259,200$244,310$230,282$217,072$204,634$173,572
7 years$219,936$205,171$191,366$178,467$166,423$136,831
8 years$190,501$175,869$162,293$149,711$138,064$109,930
9 years$167,619$153,126$139,783$127,521$116,270$89,574
10 years$149,325$134,973$121,866$109,924$99,067$73,780
11 years$134,366$120,159$107,289$95,667$85,201$61,288
12 years$121,910$107,848$95,216$83,913$73,834$51,255
13 years$111,378$97,463$85,069$74,082$64,384$43,100
14 years$102,358$88,591$76,435$65,762$56,439$36,404
15 years$94,548$80,930$69,011$58,648$49,693$30,861
16 years$87,721$74,251$62,569$52,513$43,919$26,242
17 years$81,704$68,383$56,935$47,183$38,942$22,372
18 years$76,361$63,189$51,974$42,521$34,625$19,113
19 years$71,586$58,563$47,580$38,421$30,862$16,358
20 years$67,294$54,419$43,666$34,798$27,567$14,022
21 years$63,416$50,689$40,165$31,581$24,669$12,035
22 years$59,895$47,317$37,018$28,715$22,112$10,341
23 years$56,685$44,254$34,179$26,151$19,849$8,894
24 years$53,746$41,463$31,610$23,851$17,841$7,656
25 years$51,047$38,911$29,277$21,782$16,054$6,594
26 years$48,560$36,570$27,153$19,917$14,461$5,683
27 years$46,261$34,417$25,214$18,230$13,038$4,901
28 years$44,130$32,431$23,440$16,703$11,764$4,228
29 years$42,149$30,595$21,813$15,317$10,623$3,649
30 years$40,304$28,894$20,318$14,057$9,598$3,150
31 years$38,582$27,314$18,942$12,910$8,678$2,720
32 years$36,970$25,845$17,673$11,865$7,850$2,349
33 years$35,459$24,475$16,501$10,911$7,104$2,030
34 years$34,040$23,197$15,418$10,039$6,432$1,754
35 years$32,705$22,002$14,415$9,241$5,826$1,516
36 years$31,447$20,883$13,485$8,511$5,278$1,310
37 years$30,260$19,834$12,621$7,842$4,784$1,132
38 years$29,138$18,850$11,819$7,228$4,337$979
39 years$28,076$17,924$11,073$6,664$3,933$846
40 years$27,070$17,053$10,379$6,147$3,567$732
41 years$26,115$16,233$9,732$5,671$3,236$633
42 years$25,208$15,460$9,129$5,234$2,937$547
43 years$24,346$14,730$8,567$4,832$2,665$473
44 years$23,525$14,041$8,041$4,461$2,419$409
45 years$22,743$13,389$7,550$4,120$2,196$354
46 years$21,997$12,773$7,092$3,806$1,994$306
47 years$21,285$12,189$6,662$3,516$1,811$265
48 years$20,605$11,636$6,261$3,249$1,644$229
49 years$19,954$11,112$5,885$3,003$1,493$198
50 years$19,332$10,615$5,533$2,775$1,357$171

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 $2,969 every year, while hoping to spend $49,648 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: 69/21/10 Blend
58$19,800,000$19,800,000$19,800,000$19,800,000
59$21,822,663$20,773,263$20,466,363$23,284,599
60$23,995,749$21,738,327$21,099,161$25,219,660
61$26,388,826$22,749,016$21,751,493$27,329,512
62$29,024,281$23,807,513$22,423,963$29,636,279
63$31,926,782$24,916,105$23,117,190$32,159,288
64$35,123,511$26,077,192$23,831,813$34,919,803
65$38,644,424$27,293,288$24,568,493$37,941,222
66$42,522,526$28,567,030$25,327,909$41,249,295
67$46,794,190$29,901,181$26,110,760$44,872,359
68$51,499,497$31,298,638$26,917,770$48,841,604
69$56,682,612$32,762,438$27,749,682$53,191,359
70$62,392,205$34,295,764$28,607,263$57,959,412
71$68,681,908$35,901,955$29,491,304$63,187,360
72$75,610,819$37,584,508$30,402,620$68,920,996
73$83,244,066$39,347,092$31,342,051$75,210,737
74$91,653,414$41,193,552$32,310,462$82,112,088
75$100,917,946$43,127,920$33,308,746$89,686,163
76$111,124,810$45,154,422$34,337,824$98,000,255
77$122,370,042$47,277,490$35,398,642$107,128,460
78$134,759,469$49,501,769$36,492,179$117,152,373
79$148,409,708$51,832,130$37,619,441$128,161,844
80$163,449,273$54,273,678$38,781,466$140,255,824
81$180,019,779$56,831,769$39,979,326$153,543,286
82$198,277,285$59,512,014$41,214,122$168,144,244
83$218,393,765$62,320,300$42,486,991$184,190,878
84$240,558,730$65,262,795$43,799,106$201,828,769
85$264,981,018$68,345,970$45,151,674$221,218,263
86$291,890,767$71,576,607$46,545,940$242,535,976
87$321,541,583$74,961,819$47,983,187$265,976,445
88$354,212,938$78,509,062$49,464,738$291,753,953
89$390,212,806$82,226,154$50,991,955$320,104,542
90$429,880,570$86,121,294$52,566,243$351,288,223
91$473,590,227$90,203,076$54,189,051$385,591,419
92$521,753,917$94,480,513$55,861,871$423,329,654
93$574,825,814$98,963,056$57,586,241$464,850,513
94$633,306,414$103,660,612$59,363,747$510,536,911
95$697,747,258$108,583,573$61,196,023$560,810,686
96$768,756,142$113,742,831$63,084,753$616,136,568
97$847,002,850$119,149,811$65,031,673$677,026,545
98$933,225,480$124,816,491$67,038,574$744,044,675
99$1,028,237,411$130,755,431$69,107,298$817,812,393
100$1,132,934,981$136,979,802$71,239,747$899,014,355