Can I retire at age 59 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$982,522
2 years$523,273$513,528$504,083$494,925$486,043$448,027
3 years$345,384$335,596$326,175$317,104$308,366$271,697
4 years$256,456$246,699$237,372$228,455$219,929$184,887
5 years$203,114$193,415$184,210$175,476$167,186$133,862
6 years$167,564$157,938$148,869$140,329$132,289$100,705
7 years$142,181$132,636$123,711$115,372$107,586$77,735
8 years$123,152$113,693$104,917$96,783$89,253$61,107
9 years$108,360$98,991$90,365$82,438$75,164$48,683
10 years$96,533$87,255$78,782$71,062$64,044$39,180
11 years$86,863$77,678$69,359$61,845$55,080$31,779
12 years$78,810$69,720$61,554$54,247$47,731$25,935
13 years$72,002$63,006$54,994$47,892$41,622$21,269
14 years$66,171$57,271$49,413$42,513$36,486$17,510
15 years$61,122$52,318$44,613$37,914$32,125$14,461
16 years$56,709$48,001$40,448$33,948$28,392$11,974
17 years$52,819$44,207$36,806$30,502$25,174$9,936
18 years$49,365$40,849$33,599$27,488$22,384$8,258
19 years$46,278$37,859$30,759$24,838$19,951$6,874
20 years$43,503$35,180$28,229$22,496$17,821$5,728
21 years$40,996$32,769$25,965$20,416$15,948$4,778
22 years$38,720$30,589$23,931$18,563$14,295$3,989
23 years$36,645$28,609$22,096$16,906$12,832$3,332
24 years$34,745$26,805$20,435$15,419$11,534$2,785
25 years$33,000$25,155$18,927$14,082$10,378$2,329
26 years$31,392$23,642$17,554$12,875$9,349$1,948
27 years$29,906$22,249$16,300$11,785$8,428$1,631
28 years$28,528$20,966$15,153$10,798$7,605$1,365
29 years$27,248$19,779$14,101$9,902$6,867$1,143
30 years$26,055$18,679$13,135$9,087$6,205$957
31 years$24,942$17,658$12,245$8,346$5,610$801
32 years$23,900$16,708$11,425$7,670$5,075$671
33 years$22,923$15,822$10,668$7,053$4,592$562
34 years$22,006$14,996$9,967$6,490$4,158$471
35 years$21,143$14,224$9,319$5,974$3,766$395
36 years$20,329$13,500$8,717$5,502$3,412$331
37 years$19,562$12,822$8,159$5,069$3,093$277
38 years$18,837$12,186$7,641$4,673$2,804$232
39 years$18,150$11,587$7,159$4,308$2,543$195
40 years$17,500$11,024$6,710$3,974$2,306$163
41 years$16,882$10,494$6,292$3,666$2,092$137
42 years$16,296$9,994$5,902$3,384$1,898$115
43 years$15,739$9,523$5,538$3,123$1,723$96
44 years$15,208$9,077$5,198$2,884$1,564$81
45 years$14,703$8,656$4,881$2,663$1,420$67
46 years$14,220$8,257$4,584$2,460$1,289$57
47 years$13,760$7,880$4,307$2,273$1,171$47
48 years$13,320$7,522$4,047$2,100$1,063$40
49 years$12,900$7,184$3,804$1,941$965$33
50 years$12,497$6,862$3,577$1,794$877$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,800,000, adding $4,234 every year, while hoping to spend $49,948 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: 57/22/21 Blend
58$12,800,000$12,800,000$12,800,000$12,800,000
59$14,109,967$13,431,567$13,233,167$14,834,501
60$15,496,040$14,036,570$13,623,334$15,933,819
61$17,021,817$14,669,543$14,024,898$17,125,579
62$18,701,498$15,331,806$14,438,187$18,423,320
63$20,550,724$16,024,738$14,863,539$19,837,259
64$22,586,735$16,749,787$15,301,305$21,378,636
65$24,828,523$17,508,468$15,751,839$23,059,807
66$27,297,019$18,302,369$16,215,513$24,894,366
67$30,015,284$19,133,155$16,692,702$26,897,266
68$33,008,734$20,002,570$17,183,798$29,084,958
69$36,305,369$20,912,440$17,689,200$31,475,539
70$39,936,048$21,864,681$18,209,319$34,088,924
71$43,934,774$22,861,300$18,744,580$36,947,027
72$48,339,015$23,904,398$19,295,418$40,073,963
73$53,190,060$24,996,178$19,862,280$43,496,273
74$58,533,406$26,138,951$20,445,626$47,243,169
75$64,419,189$27,335,135$21,045,930$51,346,803
76$70,902,656$28,587,267$21,663,679$55,842,571
77$78,044,688$29,898,003$22,299,373$60,769,435
78$85,912,370$31,270,130$22,953,526$66,170,290
79$94,579,630$32,706,565$23,626,668$72,092,360
80$104,127,933$34,210,367$24,319,342$78,587,643
81$114,647,051$35,784,743$25,032,108$85,713,387
82$126,235,907$37,433,053$25,765,541$93,532,633
83$139,003,515$39,158,818$26,520,231$102,114,796
84$153,070,002$40,965,729$27,296,788$111,536,317
85$168,567,747$42,857,654$28,095,835$121,881,378
86$185,642,627$44,838,649$28,918,016$133,242,686
87$204,455,396$46,912,963$29,763,990$145,722,339
88$225,183,199$49,085,052$30,634,436$159,432,787
89$248,021,249$51,359,583$31,530,053$174,497,879
90$273,184,665$53,741,451$32,451,559$191,054,026
91$300,910,504$56,235,786$33,399,690$209,251,478
92$331,460,001$58,847,965$34,375,205$229,255,731
93$365,121,031$61,583,624$35,378,883$251,249,082
94$402,210,826$64,448,672$36,411,527$275,432,336
95$443,078,976$67,449,303$37,473,958$302,026,690
96$488,110,720$70,592,007$38,567,024$331,275,814
97$537,730,590$73,883,591$39,691,595$363,448,130
98$592,406,412$77,331,189$40,848,566$398,839,341
99$652,653,728$80,942,279$42,038,855$437,775,205
100$719,040,659$84,724,702$43,263,407$480,614,596