Can I retire at age 59 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$986,233
2 years$519,185$509,516$500,145$491,059$482,246$455,746
3 years$342,685$332,974$323,627$314,626$305,956$280,268
4 years$254,453$244,771$235,517$226,670$218,211$193,531
5 years$201,527$191,904$182,771$174,105$165,880$142,278
6 years$166,255$156,704$147,706$139,233$131,255$108,753
7 years$141,070$131,600$122,745$114,471$106,746$85,345
8 years$122,190$112,805$104,097$96,027$88,556$68,247
9 years$107,513$98,217$89,659$81,794$74,577$55,341
10 years$95,779$86,574$78,167$70,507$63,543$45,358
11 years$86,184$77,071$68,817$61,362$54,649$37,486
12 years$78,195$69,175$61,073$53,823$47,358$31,186
13 years$71,439$62,514$54,565$47,517$41,297$26,084
14 years$65,654$56,824$49,027$42,181$36,201$21,911
15 years$60,645$51,909$44,264$37,618$31,874$18,471
16 years$56,266$47,626$40,132$33,683$28,170$15,617
17 years$52,406$43,862$36,519$30,264$24,978$13,237
18 years$48,979$40,530$33,337$27,274$22,209$11,242
19 years$45,916$37,563$30,518$24,644$19,795$9,565
20 years$43,163$34,905$28,008$22,320$17,682$8,149
21 years$40,676$32,513$25,762$20,257$15,823$6,952
22 years$38,417$30,350$23,744$18,418$14,183$5,936
23 years$36,358$28,385$21,923$16,774$12,732$5,074
24 years$34,474$26,595$20,275$15,299$11,443$4,340
25 years$32,743$24,958$18,779$13,972$10,297$3,714
26 years$31,147$23,457$17,417$12,775$9,276$3,181
27 years$29,672$22,076$16,173$11,693$8,363$2,725
28 years$28,306$20,802$15,035$10,713$7,546$2,335
29 years$27,035$19,624$13,991$9,824$6,814$2,002
30 years$25,852$18,533$13,032$9,016$6,157$1,717
31 years$24,747$17,520$12,150$8,281$5,566$1,473
32 years$23,713$16,577$11,336$7,610$5,035$1,264
33 years$22,744$15,699$10,584$6,998$4,557$1,085
34 years$21,834$14,879$9,889$6,439$4,126$931
35 years$20,977$14,112$9,246$5,927$3,737$799
36 years$20,171$13,395$8,649$5,459$3,386$686
37 years$19,409$12,722$8,095$5,030$3,068$589
38 years$18,689$12,090$7,581$4,636$2,782$506
39 years$18,008$11,497$7,103$4,275$2,523$434
40 years$17,363$10,938$6,657$3,943$2,288$373
41 years$16,751$10,412$6,242$3,638$2,076$320
42 years$16,169$9,916$5,856$3,357$1,884$275
43 years$15,616$9,448$5,495$3,099$1,710$236
44 years$15,089$9,006$5,158$2,861$1,552$203
45 years$14,588$8,588$4,843$2,643$1,409$174
46 years$14,109$8,193$4,549$2,441$1,279$150
47 years$13,653$7,818$4,273$2,255$1,161$129
48 years$13,216$7,464$4,016$2,084$1,055$111
49 years$12,799$7,127$3,775$1,926$958$95
50 years$12,400$6,808$3,549$1,780$870$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,700,000, adding $3,728 every year, while hoping to spend $42,242 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: 37/41/22 Blend
58$12,700,000$12,700,000$12,700,000$12,700,000
59$13,999,245$13,326,145$13,129,295$14,424,451
60$15,382,223$13,934,181$13,524,182$15,342,823
61$16,904,849$14,570,595$13,930,881$16,329,938
62$18,581,322$15,236,733$14,349,744$17,395,334
63$20,427,290$15,934,005$14,781,133$18,546,082
64$22,459,992$16,663,890$15,225,419$19,789,931
65$24,698,427$17,427,937$15,682,987$21,135,380
66$27,163,529$18,227,768$16,154,229$22,591,755
67$29,878,366$19,065,086$16,639,553$24,169,284
68$32,868,357$19,941,673$17,139,376$25,879,194
69$36,161,513$20,859,399$17,654,129$27,733,807
70$39,788,700$21,820,221$18,184,254$29,746,653
71$43,783,928$22,826,194$18,730,208$31,932,586
72$48,184,679$23,879,467$19,292,460$34,307,919
73$53,032,252$24,982,297$19,871,493$36,890,574
74$58,372,159$26,137,047$20,467,806$39,700,235
75$64,254,551$27,346,194$21,081,909$42,758,535
76$70,734,692$28,612,334$21,714,330$46,089,243
77$77,873,483$29,938,190$22,365,612$49,718,484
78$85,738,031$31,326,615$23,036,313$53,674,976
79$94,402,289$32,780,598$23,727,008$57,990,289
80$103,947,749$34,303,274$24,438,289$62,699,133
81$114,464,214$35,897,928$25,170,766$67,839,676
82$126,050,642$37,568,005$25,925,066$73,453,892
83$138,816,086$39,317,115$26,701,833$79,587,945
84$152,880,715$41,149,042$27,501,733$86,292,612
85$168,376,956$43,067,753$28,325,449$93,623,750
86$185,450,739$45,077,407$29,173,685$101,642,811
87$204,262,877$47,182,363$30,047,167$110,417,403
88$224,990,583$49,387,191$30,946,639$120,021,918
89$247,829,141$51,696,682$31,872,870$130,538,217
90$272,993,751$54,115,857$32,826,649$142,056,387
91$300,721,562$56,649,982$33,808,790$154,675,570
92$331,273,907$59,304,577$34,820,130$168,504,887
93$364,938,771$62,085,427$35,861,530$183,664,447
94$402,033,512$64,998,599$36,933,877$200,286,459
95$442,907,852$68,050,452$38,038,084$218,516,462
96$487,947,183$71,247,655$39,175,090$238,514,678
97$537,576,202$74,597,196$40,345,862$260,457,499
98$592,262,920$78,106,404$41,551,394$284,539,130
99$652,523,083$81,782,963$42,792,711$310,973,398
100$718,925,037$85,634,928$44,070,866$339,995,746