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%11.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,586,107
2 years$817,615$802,387$787,630$773,321$759,442$750,642
3 years$539,662$524,369$509,648$495,474$481,821$473,215
4 years$400,713$385,467$370,894$356,961$343,639$335,292
5 years$317,365$302,211$287,829$274,180$261,229$253,167
6 years$261,818$246,778$232,608$219,264$206,701$198,934
7 years$222,157$207,243$193,299$180,269$168,104$160,635
8 years$192,425$177,646$163,933$151,223$139,458$132,289
9 years$169,313$154,673$141,195$128,809$117,444$110,572
10 years$150,833$136,336$123,097$111,034$100,068$93,490
11 years$135,724$121,372$108,373$96,633$86,062$79,774
12 years$123,141$108,937$96,178$84,760$74,579$68,576
13 years$112,503$98,447$85,929$74,831$65,035$59,309
14 years$103,392$89,486$77,207$66,426$57,009$51,556
15 years$95,503$81,747$69,708$59,241$50,195$45,007
16 years$88,608$75,001$63,201$53,044$44,363$39,432
17 years$82,529$69,073$57,510$47,659$39,335$34,655
18 years$77,132$63,827$52,499$42,951$34,975$30,537
19 years$72,309$59,154$48,060$38,809$31,174$26,970
20 years$67,974$54,969$44,107$35,149$27,845$23,867
21 years$64,056$51,201$40,570$31,900$24,918$21,158
22 years$60,500$47,795$37,392$29,005$22,336$18,785
23 years$57,257$44,701$34,525$26,415$20,050$16,700
24 years$54,289$41,882$31,930$24,092$18,021$14,864
25 years$51,563$39,304$29,573$22,002$16,216$13,243
26 years$49,051$36,940$27,428$20,118$14,607$11,810
27 years$46,728$34,765$25,469$18,414$13,170$10,540
28 years$44,576$32,759$23,677$16,871$11,883$9,414
29 years$42,575$30,904$22,033$15,471$10,730$8,413
30 years$40,711$29,186$20,523$14,199$9,695$7,523
31 years$38,971$27,590$19,133$13,041$8,766$6,731
32 years$37,343$26,106$17,851$11,985$7,929$6,025
33 years$35,817$24,723$16,668$11,021$7,176$5,394
34 years$34,384$23,431$15,574$10,140$6,497$4,832
35 years$33,035$22,224$14,560$9,335$5,884$4,330
36 years$31,765$21,094$13,621$8,597$5,332$3,880
37 years$30,565$20,035$12,749$7,921$4,832$3,479
38 years$29,432$19,040$11,939$7,301$4,381$3,120
39 years$28,360$18,105$11,185$6,732$3,973$2,798
40 years$27,343$17,226$10,484$6,209$3,603$2,510
41 years$26,379$16,397$9,831$5,729$3,269$2,252
42 years$25,463$15,616$9,221$5,287$2,966$2,021
43 years$24,592$14,879$8,653$4,880$2,692$1,813
44 years$23,763$14,183$8,122$4,506$2,444$1,628
45 years$22,973$13,525$7,627$4,162$2,218$1,461
46 years$22,219$12,902$7,163$3,844$2,014$1,312
47 years$21,500$12,312$6,730$3,552$1,829$1,178
48 years$20,813$11,754$6,324$3,282$1,661$1,057
49 years$20,156$11,224$5,944$3,033$1,509$949
50 years$19,527$10,722$5,588$2,803$1,370$853

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 $4,017 every year, while hoping to spend $36,638 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: 45/26/29 Blend
58$20,000,000$20,000,000$20,000,000$20,000,000
59$22,044,144$20,984,144$20,674,144$22,850,974
60$24,253,664$21,973,384$21,327,745$24,415,322
61$26,687,327$23,009,869$22,002,014$26,107,039
62$29,367,957$24,095,876$22,697,604$27,941,127
63$32,320,705$25,233,790$23,415,190$29,930,910
64$35,573,286$26,426,114$24,155,468$32,091,023
65$39,156,239$27,675,473$24,919,154$34,437,543
66$43,103,220$28,984,615$25,706,991$36,988,131
67$47,451,314$30,356,427$26,519,740$39,762,193
68$52,241,388$31,793,932$27,358,191$42,781,057
69$57,518,476$33,300,300$28,223,157$46,068,162
70$63,332,203$34,878,858$29,115,475$49,649,277
71$69,737,256$36,533,090$30,036,012$53,552,732
72$76,793,897$38,266,653$30,985,660$57,809,673
73$84,568,534$40,083,378$31,965,339$62,454,356
74$93,134,346$41,987,285$32,975,999$67,524,450
75$102,571,976$43,982,589$34,018,621$73,061,388
76$112,970,288$46,073,706$35,094,216$79,110,748
77$124,427,211$48,265,272$36,203,826$85,722,669
78$137,050,660$50,562,144$37,348,528$92,952,312
79$150,959,555$52,969,416$38,529,431$100,860,374
80$166,284,944$55,492,431$39,747,681$109,513,640
81$183,171,239$58,136,791$41,004,459$118,985,608
82$201,777,580$60,908,369$42,300,983$129,357,162
83$222,279,339$63,813,325$43,638,512$140,717,325
84$244,869,772$66,858,118$45,018,342$153,164,085
85$269,761,844$70,049,521$46,441,812$166,805,298
86$297,190,240$73,394,636$47,910,301$181,759,697
87$327,413,583$76,900,912$49,425,235$198,157,991
88$360,716,870$80,576,158$50,988,082$216,144,080
89$397,414,166$84,428,565$52,600,358$235,876,398
90$437,851,568$88,466,721$54,263,626$257,529,385
91$482,410,471$92,699,634$55,979,501$281,295,116
92$531,511,171$97,136,747$57,749,646$307,385,090
93$585,616,829$101,787,966$59,575,778$336,032,205
94$645,237,847$106,663,678$61,459,668$367,492,933
95$710,936,684$111,774,775$63,403,143$402,049,717
96$783,333,167$117,132,680$65,408,089$440,013,608
97$863,110,340$122,749,372$67,476,451$481,727,181
98$951,020,917$128,637,413$69,610,234$527,567,731
99$1,047,894,382$134,809,978$71,811,509$577,950,816
100$1,154,644,825$141,280,883$74,082,410$633,334,139