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%13.9%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,561,208
2 years$813,526$798,375$783,691$769,454$755,645$729,878
3 years$536,964$521,747$507,100$492,997$479,412$454,325
4 years$398,709$383,539$369,039$355,176$341,921$317,708
5 years$315,778$300,700$286,390$272,810$259,923$236,654
6 years$260,509$245,544$231,445$218,168$205,668$183,370
7 years$221,047$206,207$192,332$179,368$167,263$145,942
8 years$191,463$176,758$163,113$150,467$138,761$118,413
9 years$168,466$153,899$140,489$128,165$116,857$97,472
10 years$150,079$135,655$122,482$110,479$99,568$81,130
11 years$135,045$120,765$107,831$96,150$85,632$68,121
12 years$122,526$108,393$95,697$84,337$74,207$57,601
13 years$111,940$97,955$85,499$74,457$64,710$48,985
14 years$102,875$89,039$76,821$66,094$56,724$41,854
15 years$95,026$81,338$69,359$58,944$49,944$35,901
16 years$88,165$74,626$62,885$52,778$44,141$30,896
17 years$82,117$68,728$57,222$47,421$39,138$26,662
18 years$76,747$63,508$52,237$42,736$34,800$23,063
19 years$71,948$58,858$47,820$38,615$31,018$19,989
20 years$67,634$54,694$43,887$34,974$27,706$17,355
21 years$63,736$50,945$40,367$31,741$24,794$15,089
22 years$60,197$47,556$37,205$28,860$22,224$13,136
23 years$56,971$44,478$34,352$26,283$19,950$11,449
24 years$54,018$41,673$31,770$23,972$17,931$9,987
25 years$51,305$39,108$29,425$21,892$16,135$8,719
26 years$48,805$36,755$27,290$20,017$14,534$7,618
27 years$46,495$34,591$25,342$18,322$13,104$6,660
28 years$44,353$32,595$23,558$16,787$11,824$5,825
29 years$42,362$30,749$21,923$15,394$10,676$5,098
30 years$40,508$29,040$20,420$14,128$9,647$4,463
31 years$38,776$27,452$19,037$12,975$8,722$3,908
32 years$37,157$25,975$17,762$11,925$7,889$3,424
33 years$35,638$24,599$16,585$10,966$7,140$3,000
34 years$34,212$23,314$15,496$10,090$6,464$2,630
35 years$32,870$22,113$14,487$9,288$5,855$2,305
36 years$31,606$20,989$13,553$8,554$5,305$2,021
37 years$30,413$19,934$12,685$7,881$4,808$1,773
38 years$29,285$18,945$11,879$7,264$4,359$1,555
39 years$28,218$18,015$11,129$6,698$3,953$1,364
40 years$27,206$17,139$10,432$6,178$3,585$1,197
41 years$26,247$16,315$9,781$5,700$3,253$1,050
42 years$25,336$15,538$9,175$5,260$2,952$921
43 years$24,469$14,805$8,610$4,856$2,679$808
44 years$23,644$14,112$8,082$4,484$2,431$709
45 years$22,858$13,457$7,589$4,141$2,207$623
46 years$22,108$12,837$7,127$3,825$2,004$546
47 years$21,393$12,251$6,696$3,534$1,820$480
48 years$20,709$11,695$6,292$3,265$1,653$421
49 years$20,055$11,168$5,914$3,018$1,501$369
50 years$19,429$10,668$5,560$2,789$1,363$324

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 $5,969 every year, while hoping to spend $38,382 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: 35/49/16 Blend
58$19,900,000$19,900,000$19,900,000$19,900,000
59$21,935,957$20,881,257$20,572,807$22,595,392
60$24,132,586$21,863,600$21,221,158$24,057,836
61$26,551,986$22,892,792$21,889,942$25,630,687
62$29,216,837$23,971,088$22,579,804$27,326,936
63$32,152,134$25,100,851$23,291,407$29,157,550
64$35,385,420$26,284,560$24,025,437$31,134,538
65$38,947,044$27,524,816$24,782,601$33,271,059
66$42,870,452$28,824,341$25,563,627$35,581,535
67$47,192,498$30,185,994$26,369,269$38,081,773
68$51,953,795$31,612,769$27,200,301$40,789,105
69$57,199,095$33,107,808$28,057,524$43,722,540
70$62,977,715$34,674,403$28,941,764$46,902,928
71$69,344,000$36,316,007$29,853,871$50,353,145
72$76,357,837$38,036,240$30,794,725$54,098,296
73$84,085,218$39,838,898$31,765,230$58,165,936
74$92,598,868$41,727,961$32,766,323$62,586,314
75$101,978,924$43,707,603$33,798,966$67,392,644
76$112,313,697$45,782,198$34,864,154$72,621,402
77$123,700,504$47,956,336$35,962,913$78,312,650
78$136,246,586$50,234,827$37,096,302$84,510,400
79$150,070,121$52,622,716$38,265,410$91,263,006
80$165,301,336$55,125,293$39,471,365$98,623,603
81$182,083,744$57,748,103$40,715,327$106,650,586
82$200,575,490$60,496,965$41,998,495$115,408,140
83$220,950,849$63,377,975$43,322,103$124,966,821
84$243,401,870$66,397,530$44,687,428$135,404,202
85$268,140,186$69,562,334$46,095,782$146,805,574
86$295,399,018$72,879,421$47,548,524$159,264,728
87$325,435,369$76,356,164$49,047,051$172,884,813
88$358,532,456$80,000,296$50,592,806$187,779,280
89$395,002,381$83,819,924$52,187,279$204,072,918
90$435,189,075$87,823,552$53,832,005$221,903,009
91$479,471,551$92,020,096$55,528,567$241,420,581
92$528,267,474$96,418,906$57,278,599$262,791,805
93$582,037,111$101,029,788$59,083,787$286,199,525
94$641,287,672$105,863,022$60,945,869$311,844,944
95$706,578,097$110,929,393$62,866,638$339,949,485
96$778,524,336$116,240,207$64,847,944$370,756,837
97$857,805,163$121,807,322$66,891,695$404,535,215
98$945,168,582$127,643,172$68,999,859$441,579,841
99$1,041,438,889$133,760,800$71,174,466$482,215,685
100$1,147,524,456$140,173,879$73,417,610$526,800,482