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%12.6%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,561,741
2 years$809,438$794,363$779,753$765,588$751,848$734,591
3 years$534,265$519,125$504,552$490,519$477,003$460,165
4 years$396,706$381,612$367,185$353,392$340,203$323,912
5 years$314,192$299,188$284,950$271,439$258,617$242,921
6 years$259,200$244,310$230,282$217,072$204,634$189,553
7 years$219,936$205,171$191,366$178,467$166,423$151,962
8 years$190,501$175,869$162,293$149,711$138,064$124,223
9 years$167,619$153,126$139,783$127,521$116,270$103,043
10 years$149,325$134,973$121,866$109,924$99,067$86,447
11 years$134,366$120,159$107,289$95,667$85,201$73,176
12 years$121,910$107,848$95,216$83,913$73,834$62,392
13 years$111,378$97,463$85,069$74,082$64,384$53,511
14 years$102,358$88,591$76,435$65,762$56,439$46,120
15 years$94,548$80,930$69,011$58,648$49,693$39,912
16 years$87,721$74,251$62,569$52,513$43,919$34,659
17 years$81,704$68,383$56,935$47,183$38,942$30,186
18 years$76,361$63,189$51,974$42,521$34,625$26,356
19 years$71,586$58,563$47,580$38,421$30,862$23,061
20 years$67,294$54,419$43,666$34,798$27,567$20,215
21 years$63,416$50,689$40,165$31,581$24,669$17,749
22 years$59,895$47,317$37,018$28,715$22,112$15,606
23 years$56,685$44,254$34,179$26,151$19,849$13,737
24 years$53,746$41,463$31,610$23,851$17,841$12,106
25 years$51,047$38,911$29,277$21,782$16,054$10,677
26 years$48,560$36,570$27,153$19,917$14,461$9,425
27 years$46,261$34,417$25,214$18,230$13,038$8,326
28 years$44,130$32,431$23,440$16,703$11,764$7,360
29 years$42,149$30,595$21,813$15,317$10,623$6,509
30 years$40,304$28,894$20,318$14,057$9,598$5,759
31 years$38,582$27,314$18,942$12,910$8,678$5,098
32 years$36,970$25,845$17,673$11,865$7,850$4,514
33 years$35,459$24,475$16,501$10,911$7,104$3,999
34 years$34,040$23,197$15,418$10,039$6,432$3,543
35 years$32,705$22,002$14,415$9,241$5,826$3,141
36 years$31,447$20,883$13,485$8,511$5,278$2,784
37 years$30,260$19,834$12,621$7,842$4,784$2,469
38 years$29,138$18,850$11,819$7,228$4,337$2,189
39 years$28,076$17,924$11,073$6,664$3,933$1,942
40 years$27,070$17,053$10,379$6,147$3,567$1,723
41 years$26,115$16,233$9,732$5,671$3,236$1,529
42 years$25,208$15,460$9,129$5,234$2,937$1,356
43 years$24,346$14,730$8,567$4,832$2,665$1,204
44 years$23,525$14,041$8,041$4,461$2,419$1,068
45 years$22,743$13,389$7,550$4,120$2,196$948
46 years$21,997$12,773$7,092$3,806$1,994$842
47 years$21,285$12,189$6,662$3,516$1,811$747
48 years$20,605$11,636$6,261$3,249$1,644$663
49 years$19,954$11,112$5,885$3,003$1,493$589
50 years$19,332$10,615$5,533$2,775$1,357$523

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 $4,772 every year, while hoping to spend $46,510 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: 37/48/15 Blend
58$19,800,000$19,800,000$19,800,000$19,800,000
59$21,824,522$20,775,122$20,468,222$22,532,180
60$24,001,137$21,743,617$21,104,421$24,009,563
61$26,398,208$22,758,009$21,760,375$25,599,504
62$29,038,172$23,820,499$22,436,694$27,315,860
63$31,945,754$24,933,391$23,134,012$29,169,973
64$35,148,199$26,099,105$23,852,979$31,174,270
65$38,675,528$27,320,174$24,594,266$33,342,371
66$42,560,825$28,599,255$25,358,567$35,689,211
67$46,840,544$29,939,134$26,146,594$38,231,167
68$51,554,857$31,342,730$26,959,083$40,986,205
69$56,748,033$32,813,104$27,796,793$43,974,031
70$62,468,852$34,353,466$28,660,505$47,216,275
71$68,771,069$35,967,179$29,551,026$50,736,672
72$75,713,920$37,657,773$30,469,187$54,561,280
73$83,362,679$39,428,943$31,415,844$58,718,711
74$91,789,280$41,284,568$32,391,882$63,240,382
75$101,072,987$43,228,713$33,398,210$68,160,802
76$111,301,150$45,265,638$34,435,769$73,517,878
77$122,570,025$47,399,812$35,505,525$79,353,257
78$134,985,684$49,635,920$36,608,477$85,712,703
79$148,665,017$51,978,873$37,745,654$92,646,509
80$163,736,831$54,433,820$38,918,116$100,209,953
81$180,343,072$57,006,162$40,126,957$108,463,800
82$198,640,160$59,701,558$41,373,304$117,474,854
83$218,800,467$62,525,945$42,658,320$127,316,566
84$241,013,943$65,485,545$43,983,203$138,069,708
85$265,489,913$68,586,885$45,349,188$149,823,106
86$292,459,048$71,836,805$46,757,549$162,674,456
87$322,175,542$75,242,480$48,209,599$176,731,220
88$354,919,518$78,811,432$49,706,690$192,111,613
89$390,999,664$82,551,547$51,250,220$208,945,687
90$430,756,153$86,471,097$52,841,626$227,376,531
91$474,563,852$90,578,752$54,482,392$247,561,590
92$522,835,859$94,883,605$56,174,046$269,674,117
93$576,027,406$99,395,190$57,918,165$293,904,772
94$634,640,152$104,123,505$59,716,375$320,463,390
95$699,226,924$109,079,033$61,570,349$349,580,916
96$770,396,931$114,272,767$63,481,817$381,511,555
97$848,821,517$119,716,232$65,452,558$416,535,119
98$935,240,501$125,421,517$67,484,407$454,959,634
99$1,030,469,156$131,401,294$69,579,259$497,124,193
100$1,135,405,908$137,668,856$71,739,062$543,402,117