Can I retire at age 59 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,549,366
2 years$817,615$802,387$787,630$773,321$759,442$713,994
3 years$539,662$524,369$509,648$495,474$481,821$437,810
4 years$400,713$385,467$370,894$356,961$343,639$301,403
5 years$317,365$302,211$287,829$274,180$261,229$220,884
6 years$261,818$246,778$232,608$219,264$206,701$168,284
7 years$222,157$207,243$193,299$180,269$168,104$131,614
8 years$192,425$177,646$163,933$151,223$139,458$104,876
9 years$169,313$154,673$141,195$128,809$117,444$84,736
10 years$150,833$136,336$123,097$111,034$100,068$69,189
11 years$135,724$121,372$108,373$96,633$86,062$56,962
12 years$123,141$108,937$96,178$84,760$74,579$47,202
13 years$112,503$98,447$85,929$74,831$65,035$39,320
14 years$103,392$89,486$77,207$66,426$57,009$32,893
15 years$95,503$81,747$69,708$59,241$50,195$27,613
16 years$88,608$75,001$63,201$53,044$44,363$23,247
17 years$82,529$69,073$57,510$47,659$39,335$19,617
18 years$77,132$63,827$52,499$42,951$34,975$16,588
19 years$72,309$59,154$48,060$38,809$31,174$14,049
20 years$67,974$54,969$44,107$35,149$27,845$11,915
21 years$64,056$51,201$40,570$31,900$24,918$10,117
22 years$60,500$47,795$37,392$29,005$22,336$8,599
23 years$57,257$44,701$34,525$26,415$20,050$7,315
24 years$54,289$41,882$31,930$24,092$18,021$6,227
25 years$51,563$39,304$29,573$22,002$16,216$5,304
26 years$49,051$36,940$27,428$20,118$14,607$4,520
27 years$46,728$34,765$25,469$18,414$13,170$3,854
28 years$44,576$32,759$23,677$16,871$11,883$3,287
29 years$42,575$30,904$22,033$15,471$10,730$2,804
30 years$40,711$29,186$20,523$14,199$9,695$2,393
31 years$38,971$27,590$19,133$13,041$8,766$2,043
32 years$37,343$26,106$17,851$11,985$7,929$1,744
33 years$35,817$24,723$16,668$11,021$7,176$1,489
34 years$34,384$23,431$15,574$10,140$6,497$1,272
35 years$33,035$22,224$14,560$9,335$5,884$1,086
36 years$31,765$21,094$13,621$8,597$5,332$928
37 years$30,565$20,035$12,749$7,921$4,832$793
38 years$29,432$19,040$11,939$7,301$4,381$677
39 years$28,360$18,105$11,185$6,732$3,973$579
40 years$27,343$17,226$10,484$6,209$3,603$494
41 years$26,379$16,397$9,831$5,729$3,269$422
42 years$25,463$15,616$9,221$5,287$2,966$361
43 years$24,592$14,879$8,653$4,880$2,692$308
44 years$23,763$14,183$8,122$4,506$2,444$264
45 years$22,973$13,525$7,627$4,162$2,218$225
46 years$22,219$12,902$7,163$3,844$2,014$192
47 years$21,500$12,312$6,730$3,552$1,829$164
48 years$20,813$11,754$6,324$3,282$1,661$141
49 years$20,156$11,224$5,944$3,033$1,509$120
50 years$19,527$10,722$5,588$2,803$1,370$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $20,000,000, adding $4,808 every year, while hoping to spend $32,276 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: 25/45/30 Blend
58$20,000,000$20,000,000$20,000,000$20,000,000
59$22,044,959$20,984,959$20,674,959$22,389,322
60$24,259,204$21,978,881$21,333,229$23,674,887
61$26,698,220$23,020,423$22,012,469$25,049,157
62$29,384,899$24,111,885$22,713,348$26,521,933
63$32,344,469$25,255,677$23,436,555$28,101,518
64$35,604,727$26,454,328$24,182,802$29,796,985
65$39,196,308$27,710,488$24,952,825$31,618,252
66$43,152,966$29,026,937$25,747,379$33,576,165
67$47,511,900$30,406,589$26,567,248$35,682,592
68$52,314,102$31,852,500$27,413,239$37,950,518
69$57,604,742$33,367,874$28,286,184$40,394,158
70$63,433,597$34,956,071$29,186,943$43,029,078
71$69,855,520$36,620,615$30,116,402$45,872,330
72$76,930,958$38,365,200$31,075,476$48,942,593
73$84,726,521$40,193,700$32,065,110$52,260,340
74$93,315,613$42,110,178$33,086,277$55,848,015
75$102,779,122$44,118,893$34,139,984$59,730,223
76$113,206,186$46,224,313$35,227,267$63,933,954
77$124,695,035$48,431,121$36,349,198$68,488,813
78$137,353,912$50,744,230$37,506,880$73,427,282
79$151,302,105$53,168,792$38,701,455$78,785,010
80$166,671,064$55,710,206$39,934,097$84,601,126
81$183,605,645$58,374,139$41,206,022$90,918,588
82$202,265,478$61,166,529$42,518,481$97,784,568
83$222,826,474$64,093,606$43,872,768$105,250,869
84$245,482,484$67,161,903$45,270,215$113,374,395
85$270,447,130$70,378,269$46,712,200$122,217,659
86$297,955,821$73,749,888$48,200,142$131,849,348
87$328,267,976$77,284,293$49,735,508$142,344,942
88$361,669,471$80,989,385$51,319,809$153,787,399
89$398,475,341$84,873,449$52,954,607$166,267,906
90$439,032,751$88,945,172$54,641,511$179,886,707
91$483,724,273$93,213,667$56,382,183$194,754,018
92$532,971,501$97,688,490$58,178,339$210,991,031
93$587,239,029$102,379,660$60,031,747$228,731,019
94$647,038,833$107,297,687$61,944,234$248,120,560
95$712,935,113$112,453,592$63,917,685$269,320,877
96$785,549,610$117,858,934$65,954,043$292,509,320
97$865,567,482$123,525,834$68,055,315$317,880,993
98$953,743,770$129,467,003$70,223,572$345,650,554
99$1,050,910,523$135,695,775$72,460,951$376,054,188
100$1,157,984,659$142,226,131$74,769,655$409,351,789