Can I retire at age 59 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$990,949$982,122$973,510$965,105$956,897$941,432
2 years$490,569$481,432$472,578$463,993$455,665$440,127
3 years$323,797$314,621$305,789$297,285$289,093$273,965
4 years$240,428$231,280$222,536$214,177$206,183$191,583
5 years$190,419$181,326$172,697$164,508$156,737$142,706
6 years$157,091$148,067$139,565$131,559$124,021$110,575
7 years$133,294$124,346$115,979$108,162$100,862$88,005
8 years$115,455$106,588$98,360$90,734$83,675$71,405
9 years$101,588$92,804$84,717$77,285$70,466$58,777
10 years$90,500$81,802$73,858$66,621$60,041$48,922
11 years$81,434$72,823$65,024$57,980$51,637$41,078
12 years$73,885$65,362$57,707$50,856$44,748$34,734
13 years$67,502$59,068$51,557$44,898$39,021$29,539
14 years$62,035$53,692$46,324$39,856$34,205$25,239
15 years$57,302$49,048$41,825$35,544$30,117$21,649
16 years$53,165$45,001$37,920$31,826$26,618$18,631
17 years$49,518$41,444$34,506$28,595$23,601$16,078
18 years$46,279$38,296$31,499$25,770$20,985$13,907
19 years$43,385$35,493$28,836$23,286$18,704$12,054
20 years$40,784$32,981$26,464$21,090$16,707$10,465
21 years$38,434$30,721$24,342$19,140$14,951$9,099
22 years$36,300$28,677$22,435$17,403$13,401$7,921
23 years$34,354$26,821$20,715$15,849$12,030$6,904
24 years$32,574$25,129$19,158$14,455$10,813$6,022
25 years$30,938$23,583$17,744$13,201$9,730$5,258
26 years$29,430$22,164$16,457$12,071$8,764$4,594
27 years$28,037$20,859$15,281$11,049$7,902$4,016
28 years$26,745$19,655$14,206$10,123$7,130$3,513
29 years$25,545$18,542$13,220$9,283$6,438$3,074
30 years$24,427$17,511$12,314$8,519$5,817$2,691
31 years$23,383$16,554$11,480$7,824$5,259$2,357
32 years$22,406$15,663$10,711$7,191$4,757$2,065
33 years$21,490$14,834$10,001$6,613$4,305$1,809
34 years$20,630$14,059$9,344$6,084$3,898$1,586
35 years$19,821$13,335$8,736$5,601$3,531$1,390
36 years$19,059$12,656$8,172$5,158$3,199$1,219
37 years$18,339$12,021$7,649$4,753$2,899$1,069
38 years$17,659$11,424$7,163$4,381$2,629$938
39 years$17,016$10,863$6,711$4,039$2,384$822
40 years$16,406$10,335$6,290$3,725$2,162$722
41 years$15,827$9,838$5,898$3,437$1,961$633
42 years$15,278$9,370$5,533$3,172$1,780$555
43 years$14,755$8,927$5,192$2,928$1,615$487
44 years$14,258$8,510$4,873$2,704$1,466$428
45 years$13,784$8,115$4,576$2,497$1,331$375
46 years$13,332$7,741$4,298$2,307$1,209$329
47 years$12,900$7,387$4,038$2,131$1,097$289
48 years$12,488$7,052$3,794$1,969$997$254
49 years$12,094$6,735$3,567$1,820$905$223
50 years$11,716$6,433$3,353$1,682$822$196

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,000,000, adding $2,679 every year, while hoping to spend $39,561 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: 69/17/14 Blend
58$12,000,000$12,000,000$12,000,000$12,000,000
59$13,226,763$12,590,763$12,404,763$14,097,292
60$14,533,801$13,165,618$12,778,230$15,251,429
61$15,972,830$13,767,315$13,162,883$16,508,704
62$17,557,272$14,397,127$13,559,053$17,883,233
63$19,301,917$15,056,389$13,967,084$19,386,548
64$21,223,060$15,746,500$14,387,329$21,031,341
65$23,338,659$16,468,926$14,820,152$22,831,580
66$25,668,501$17,225,202$15,265,925$24,802,640
67$28,234,390$18,016,938$15,725,035$26,961,443
68$31,060,351$18,845,822$16,197,878$29,326,615
69$34,172,862$19,713,622$16,684,861$31,918,664
70$37,601,096$20,622,191$17,186,406$34,760,164
71$41,377,201$21,573,472$17,702,944$37,875,970
72$45,536,604$22,569,501$18,234,922$41,293,446
73$50,118,343$23,612,412$18,782,797$45,042,724
74$55,165,435$24,704,440$19,347,041$49,156,979
75$60,725,283$25,847,932$19,928,141$53,672,745
76$66,850,124$27,045,343$20,526,596$58,630,253
77$73,597,522$28,299,250$21,142,922$64,073,806
78$81,030,907$29,612,351$21,777,648$70,052,195
79$89,220,181$30,987,477$22,431,320$76,619,154
80$98,242,370$32,427,595$23,104,500$83,833,864
81$108,182,357$33,935,812$23,797,767$91,761,506
82$119,133,680$35,515,389$24,511,714$100,473,872
83$131,199,414$37,169,742$25,246,955$110,050,037
84$144,493,148$38,902,453$26,004,122$120,577,100
85$159,140,051$40,717,275$26,783,862$132,151,003
86$175,278,059$42,618,145$27,586,844$144,877,428
87$193,059,174$44,609,187$28,413,757$158,872,788
88$212,650,900$46,694,727$29,265,308$174,265,325
89$234,237,822$48,879,299$30,142,226$191,196,309
90$258,023,351$51,167,656$31,045,261$209,821,364
91$284,231,642$53,564,780$31,975,186$230,311,934
92$313,109,710$56,075,895$32,932,796$252,856,893
93$344,929,765$58,706,478$33,918,909$277,664,317
94$379,991,775$61,462,269$34,934,366$304,963,443
95$418,626,304$64,349,289$35,980,036$335,006,824
96$461,197,630$67,373,846$37,056,809$368,072,703
97$508,107,181$70,542,558$38,165,605$404,467,633
98$559,797,329$73,862,358$39,307,369$444,529,358
99$616,755,563$77,340,521$40,483,072$488,629,993
100$679,519,093$80,984,669$41,693,718$537,179,526