Can I retire at age 59 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,549,751
2 years$813,526$798,375$783,691$769,454$755,645$718,475
3 years$536,964$521,747$507,100$492,997$479,412$443,337
4 years$398,709$383,539$369,039$355,176$341,921$307,218
5 years$315,778$300,700$286,390$272,810$259,923$226,690
6 years$260,509$245,544$231,445$218,168$205,668$173,938
7 years$221,047$206,207$192,332$179,368$167,263$137,042
8 years$191,463$176,758$163,113$150,467$138,761$110,036
9 years$168,466$153,899$140,489$128,165$116,857$89,606
10 years$150,079$135,655$122,482$110,479$99,568$73,760
11 years$135,045$120,765$107,831$96,150$85,632$61,233
12 years$122,526$108,393$95,697$84,337$74,207$51,176
13 years$111,940$97,955$85,499$74,457$64,710$43,004
14 years$102,875$89,039$76,821$66,094$56,724$36,298
15 years$95,026$81,338$69,359$58,944$49,944$30,750
16 years$88,165$74,626$62,885$52,778$44,141$26,129
17 years$82,117$68,728$57,222$47,421$39,138$22,259
18 years$76,747$63,508$52,237$42,736$34,800$19,003
19 years$71,948$58,858$47,820$38,615$31,018$16,252
20 years$67,634$54,694$43,887$34,974$27,706$13,921
21 years$63,736$50,945$40,367$31,741$24,794$11,939
22 years$60,197$47,556$37,205$28,860$22,224$10,251
23 years$56,971$44,478$34,352$26,283$19,950$8,809
24 years$54,018$41,673$31,770$23,972$17,931$7,577
25 years$51,305$39,108$29,425$21,892$16,135$6,521
26 years$48,805$36,755$27,290$20,017$14,534$5,616
27 years$46,495$34,591$25,342$18,322$13,104$4,839
28 years$44,353$32,595$23,558$16,787$11,824$4,171
29 years$42,362$30,749$21,923$15,394$10,676$3,596
30 years$40,508$29,040$20,420$14,128$9,647$3,102
31 years$38,776$27,452$19,037$12,975$8,722$2,677
32 years$37,157$25,975$17,762$11,925$7,889$2,310
33 years$35,638$24,599$16,585$10,966$7,140$1,994
34 years$34,212$23,314$15,496$10,090$6,464$1,721
35 years$32,870$22,113$14,487$9,288$5,855$1,486
36 years$31,606$20,989$13,553$8,554$5,305$1,284
37 years$30,413$19,934$12,685$7,881$4,808$1,109
38 years$29,285$18,945$11,879$7,264$4,359$958
39 years$28,218$18,015$11,129$6,698$3,953$827
40 years$27,206$17,139$10,432$6,178$3,585$715
41 years$26,247$16,315$9,781$5,700$3,253$617
42 years$25,336$15,538$9,175$5,260$2,952$533
43 years$24,469$14,805$8,610$4,856$2,679$461
44 years$23,644$14,112$8,082$4,484$2,431$398
45 years$22,858$13,457$7,589$4,141$2,207$344
46 years$22,108$12,837$7,127$3,825$2,004$297
47 years$21,393$12,251$6,696$3,534$1,820$257
48 years$20,709$11,695$6,292$3,265$1,653$222
49 years$20,055$11,168$5,914$3,018$1,501$192
50 years$19,429$10,668$5,560$2,789$1,363$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,900,000, adding $2,184 every year, while hoping to spend $43,945 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: 38/43/19 Blend
58$19,900,000$19,900,000$19,900,000$19,900,000
59$21,932,053$20,877,353$20,568,903$22,640,277
60$24,122,365$21,853,586$21,211,204$24,127,212
61$26,534,616$22,876,182$21,873,549$25,728,787
62$29,191,398$23,947,365$22,556,564$27,458,741
63$32,117,604$25,069,470$23,260,892$29,328,676
64$35,340,667$26,244,941$23,987,200$31,351,314
65$38,890,815$27,476,343$24,736,171$33,540,604
66$42,801,358$28,766,364$25,508,512$35,911,847
67$47,109,002$30,117,821$26,304,953$38,481,829
68$51,854,196$31,533,671$27,126,245$41,268,968
69$57,081,513$33,017,009$27,973,162$44,293,478
70$62,840,068$34,571,083$28,846,505$47,577,550
71$69,183,988$36,199,299$29,747,095$51,145,546
72$76,172,916$37,905,226$30,675,784$55,024,221
73$83,872,577$39,692,606$31,633,447$59,242,958
74$92,355,400$41,565,364$32,620,987$63,834,034
75$101,701,197$43,527,613$33,639,337$68,832,910
76$111,997,920$45,583,667$34,689,456$74,278,552
77$123,342,490$47,738,048$35,772,334$80,213,781
78$135,841,710$49,995,499$36,888,994$86,685,661
79$149,613,277$52,360,991$38,040,488$93,745,928
80$164,786,889$54,839,737$39,227,901$101,451,460
81$181,505,470$57,437,203$40,452,355$109,864,793
82$199,926,522$60,159,120$41,715,002$119,054,694
83$220,223,607$63,011,496$43,017,035$129,096,790
84$242,587,989$66,000,634$44,359,679$140,074,256
85$267,230,437$69,133,138$45,744,202$152,078,584
86$294,383,218$72,415,938$47,171,909$165,210,417
87$324,302,283$75,856,296$48,644,144$179,580,481
88$357,269,690$79,461,828$50,162,297$195,310,597
89$393,596,262$83,240,522$51,727,798$212,534,810
90$433,624,524$87,200,751$53,342,123$231,400,622
91$477,731,935$91,351,297$55,006,793$252,070,359
92$526,334,449$95,701,367$56,723,378$274,722,666
93$579,890,446$100,260,618$58,493,495$299,554,168
94$638,905,057$105,039,173$60,318,811$326,781,289
95$703,934,929$110,047,649$62,201,049$356,642,257
96$775,593,488$115,297,180$64,141,980$389,399,321
97$854,556,722$120,799,440$66,143,434$425,341,182
98$941,569,565$126,566,670$68,207,296$464,785,682
99$1,037,452,932$132,611,708$70,335,512$508,082,761
100$1,143,111,466$138,948,016$72,530,087$555,617,711