Can I retire at age 59 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$966,162
2 years$502,833$493,468$484,392$475,592$467,057$452,323
3 years$331,892$322,487$313,434$304,717$296,320$281,968
4 years$246,438$237,062$228,100$219,531$211,338$197,478
5 years$195,180$185,859$177,015$168,621$160,656$147,328
6 years$161,018$151,768$143,054$134,848$127,121$114,342
7 years$136,627$127,455$118,879$110,866$103,384$91,157
8 years$118,342$109,252$100,818$93,002$85,767$74,090
9 years$104,127$95,124$86,835$79,217$72,228$61,096
10 years$92,762$83,847$75,705$68,286$61,542$50,946
11 years$83,470$74,644$66,649$59,429$52,928$42,857
12 years$75,732$66,996$59,149$52,128$45,866$36,309
13 years$69,189$60,545$52,846$46,021$39,996$30,938
14 years$63,586$55,034$47,482$40,852$35,061$26,488
15 years$58,735$50,274$42,870$36,433$30,870$22,767
16 years$54,494$46,126$38,868$32,622$27,283$19,634
17 years$50,755$42,480$35,369$29,310$24,191$16,980
18 years$47,436$39,254$32,287$26,415$21,510$14,719
19 years$44,470$36,380$29,557$23,868$19,172$12,786
20 years$41,804$33,806$27,126$21,617$17,125$11,126
21 years$39,395$31,489$24,951$19,619$15,325$9,695
22 years$37,207$29,394$22,996$17,838$13,736$8,460
23 years$35,213$27,491$21,233$16,245$12,331$7,390
24 years$33,388$25,758$19,637$14,817$11,083$6,462
25 years$31,711$24,172$18,187$13,531$9,973$5,655
26 years$30,166$22,718$16,868$12,372$8,983$4,952
27 years$28,738$21,380$15,663$11,325$8,099$4,340
28 years$27,414$20,147$14,561$10,376$7,308$3,805
29 years$26,184$19,006$13,550$9,515$6,599$3,338
30 years$25,037$17,949$12,622$8,732$5,963$2,930
31 years$23,967$16,968$11,767$8,020$5,391$2,572
32 years$22,966$16,055$10,979$7,371$4,876$2,259
33 years$22,027$15,204$10,251$6,778$4,413$1,984
34 years$21,146$14,410$9,578$6,236$3,996$1,744
35 years$20,317$13,668$8,955$5,741$3,619$1,532
36 years$19,535$12,973$8,377$5,287$3,279$1,347
37 years$18,798$12,321$7,841$4,871$2,972$1,184
38 years$18,101$11,710$7,342$4,490$2,694$1,041
39 years$17,441$11,135$6,879$4,140$2,443$916
40 years$16,816$10,594$6,448$3,819$2,216$806
41 years$16,223$10,084$6,046$3,523$2,010$709
42 years$15,660$9,604$5,671$3,251$1,824$623
43 years$15,124$9,151$5,322$3,001$1,656$548
44 years$14,614$8,722$4,995$2,771$1,503$483
45 years$14,128$8,318$4,690$2,559$1,364$425
46 years$13,665$7,935$4,405$2,364$1,239$374
47 years$13,223$7,572$4,139$2,184$1,125$329
48 years$12,800$7,229$3,889$2,018$1,022$289
49 years$12,396$6,903$3,656$1,865$928$255
50 years$12,009$6,594$3,437$1,724$843$224

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,300,000, adding $5,710 every year, while hoping to spend $34,089 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: 60/10/30 Blend
58$12,300,000$12,300,000$12,300,000$12,300,000
59$13,560,490$12,908,590$12,717,940$14,263,056
60$14,907,389$13,504,840$13,107,720$15,340,234
61$16,390,530$14,129,165$13,509,416$16,511,011
62$18,023,773$14,782,902$13,923,390$17,787,931
63$19,822,391$15,467,457$14,350,017$19,181,355
64$21,803,213$16,184,302$14,789,681$20,702,685
65$23,984,787$16,934,978$15,242,781$22,364,470
66$26,387,546$17,721,103$15,709,726$24,180,517
67$29,034,011$18,544,373$16,190,937$26,166,024
68$31,948,996$19,406,563$16,686,849$28,337,722
69$35,159,845$20,309,536$17,197,909$30,714,023
70$38,696,690$21,255,244$17,724,580$33,315,199
71$42,592,736$22,245,734$18,267,337$36,163,567
72$46,884,571$23,283,151$18,826,669$39,283,697
73$51,612,515$24,369,744$19,403,081$42,702,640
74$56,821,001$25,507,870$19,997,092$46,450,183
75$62,558,987$26,700,000$20,609,240$50,559,125
76$68,880,430$27,948,725$21,240,075$55,065,583
77$75,844,782$29,256,762$21,890,166$60,009,330
78$83,517,563$30,626,956$22,560,100$65,434,166
79$91,970,971$32,062,294$23,250,480$71,388,331
80$101,284,567$33,565,903$23,961,928$77,924,951
81$111,546,026$35,141,065$24,695,085$85,102,538
82$122,851,961$36,791,218$25,450,611$92,985,542
83$135,308,842$38,519,968$26,229,187$101,644,947
84$149,033,993$40,331,096$27,031,514$111,158,943
85$164,156,704$42,228,564$27,858,314$121,613,657
86$180,819,451$44,216,527$28,710,331$133,103,959
87$199,179,240$46,299,341$29,588,331$145,734,357
88$219,409,087$48,481,573$30,493,105$159,619,974
89$241,699,656$50,768,012$31,425,466$174,887,632
90$266,261,054$53,163,678$32,386,252$191,677,040
91$293,324,818$55,673,835$33,376,328$210,142,109
92$323,146,098$58,304,001$34,396,584$230,452,402
93$356,006,066$61,059,963$35,447,935$252,794,719
94$392,214,571$63,947,788$36,531,328$277,374,864
95$432,113,065$66,973,837$37,647,734$304,419,572
96$476,077,821$70,144,779$38,798,157$334,178,647
97$524,523,494$73,467,608$39,983,630$366,927,312
98$577,907,026$76,949,656$41,205,217$402,968,797
99$636,731,965$80,598,611$42,464,015$442,637,195
100$701,553,218$84,422,536$43,761,152$486,300,607