Can I retire at age 59 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$994,663
2 years$515,097$505,504$496,207$487,192$478,448$468,297
3 years$339,987$330,352$321,079$312,149$303,547$293,638
4 years$252,449$242,844$233,663$224,886$216,493$206,902
5 years$199,940$190,393$181,332$172,734$164,574$155,330
6 years$164,946$155,470$146,543$138,137$130,222$121,336
7 years$139,959$130,563$121,778$113,570$105,905$97,382
8 years$121,228$111,917$103,277$95,271$87,859$79,697
9 years$106,667$97,444$88,953$81,150$73,990$66,186
10 years$95,025$85,892$77,551$69,952$63,043$55,594
11 years$85,506$76,465$68,275$60,879$54,219$47,117
12 years$77,579$68,630$60,592$53,399$46,985$40,224
13 years$70,877$62,022$54,135$47,143$40,972$34,544
14 years$65,137$56,376$48,641$41,849$35,916$29,812
15 years$60,167$51,501$43,916$37,322$31,623$25,834
16 years$55,823$47,251$39,816$33,417$27,949$22,465
17 years$51,993$43,516$36,231$30,025$24,781$19,593
18 years$48,593$40,211$33,074$27,059$22,034$17,131
19 years$45,555$37,267$30,278$24,450$19,640$15,011
20 years$42,823$34,630$27,788$22,144$17,542$13,178
21 years$40,355$32,257$25,559$20,097$15,698$11,588
22 years$38,115$30,111$23,557$18,273$14,071$10,204
23 years$36,072$28,162$21,751$16,642$12,631$8,996
24 years$34,202$26,386$20,116$15,178$11,353$7,940
25 years$32,485$24,762$18,631$13,862$10,216$7,014
26 years$30,902$23,272$17,279$12,674$9,202$6,201
27 years$29,439$21,902$16,045$11,601$8,297$5,487
28 years$28,083$20,638$14,916$10,629$7,486$4,858
29 years$26,822$19,470$13,881$9,747$6,760$4,303
30 years$25,648$18,387$12,930$8,945$6,108$3,814
31 years$24,552$17,382$12,054$8,216$5,522$3,381
32 years$23,526$16,447$11,246$7,550$4,995$2,999
33 years$22,565$15,575$10,501$6,943$4,521$2,661
34 years$21,662$14,762$9,811$6,388$4,093$2,362
35 years$20,812$14,001$9,173$5,881$3,707$2,097
36 years$20,012$13,289$8,581$5,416$3,359$1,862
37 years$19,256$12,622$8,032$4,990$3,044$1,654
38 years$18,542$11,995$7,521$4,600$2,760$1,469
39 years$17,867$11,406$7,047$4,241$2,503$1,306
40 years$17,226$10,852$6,605$3,912$2,270$1,160
41 years$16,619$10,330$6,193$3,609$2,060$1,031
42 years$16,042$9,838$5,810$3,331$1,869$916
43 years$15,493$9,374$5,451$3,075$1,696$815
44 years$14,971$8,935$5,117$2,839$1,540$724
45 years$14,473$8,520$4,805$2,622$1,398$644
46 years$13,998$8,128$4,513$2,422$1,269$573
47 years$13,545$7,757$4,240$2,237$1,152$509
48 years$13,112$7,405$3,984$2,068$1,046$453
49 years$12,698$7,071$3,745$1,911$950$403
50 years$12,302$6,755$3,521$1,766$863$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,600,000, adding $3,581 every year, while hoping to spend $39,588 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: 64/17/19 Blend
58$12,600,000$12,600,000$12,600,000$12,600,000
59$13,888,894$13,221,094$13,025,794$14,710,791
60$15,263,440$13,826,806$13,420,037$15,869,327
61$16,776,862$14,460,871$13,826,160$17,129,641
62$18,443,286$15,124,637$14,244,519$18,505,566
63$20,278,272$15,819,516$14,675,482$20,008,402
64$22,298,971$16,546,988$15,119,426$21,650,582
65$24,524,280$17,308,603$15,576,740$23,445,787
66$26,975,020$18,105,989$16,047,825$25,409,072
67$29,674,138$18,940,848$16,533,093$27,557,003
68$32,646,917$19,814,967$17,032,968$29,907,817
69$35,921,219$20,730,217$17,547,889$32,481,581
70$39,527,746$21,688,560$18,078,306$35,300,390
71$43,500,329$22,692,053$18,624,683$38,388,560
72$47,876,250$23,742,850$19,187,497$41,772,865
73$52,696,590$24,843,212$19,767,240$45,482,776
74$58,006,618$25,995,506$20,364,419$49,550,746
75$63,856,221$27,202,214$20,979,555$54,012,501
76$70,300,371$28,465,938$21,613,186$58,907,383
77$77,399,645$29,789,405$22,265,863$64,278,710
78$85,220,797$31,175,473$22,938,158$70,174,185
79$93,837,388$32,627,141$23,630,656$76,646,337
80$103,330,479$34,147,548$24,343,960$83,753,018
81$113,789,398$35,739,989$25,078,693$91,557,937
82$125,312,582$37,407,913$25,835,495$100,131,263
83$138,008,506$39,154,942$26,615,024$109,550,274
84$151,996,706$40,984,866$27,417,960$119,900,087
85$167,408,910$42,901,664$28,245,001$131,274,454
86$184,390,277$44,909,505$29,096,868$143,776,638
87$203,100,772$47,012,757$29,974,300$157,520,384
88$223,716,673$49,216,004$30,878,060$172,630,983
89$246,432,233$51,524,048$31,808,935$189,246,451
90$271,461,519$53,941,924$32,767,732$207,518,821
91$299,040,428$56,474,912$33,755,285$227,615,571
92$329,428,915$59,128,547$34,772,451$249,721,199
93$362,913,448$61,908,630$35,820,112$274,038,953
94$399,809,712$64,821,244$36,899,177$300,792,742
95$440,465,585$67,872,768$38,010,583$330,229,241
96$485,264,430$71,069,888$39,155,292$362,620,207
97$534,628,704$74,419,615$40,334,297$398,265,039
98$589,023,954$77,929,299$41,548,618$437,493,587
99$648,963,208$81,606,645$42,799,307$480,669,262
100$715,011,818$85,459,734$44,087,447$528,192,448