Can I retire at age 59 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$988,241
2 years$527,361$517,540$508,021$498,792$489,840$449,609
3 years$348,082$338,218$328,723$319,581$310,775$272,003
4 years$258,460$248,626$239,226$230,240$221,647$184,629
5 years$204,701$194,926$185,649$176,846$168,493$133,323
6 years$168,873$159,172$150,032$141,425$133,322$100,024
7 years$143,292$133,672$124,678$116,274$108,427$76,988
8 years$124,114$114,582$105,736$97,539$89,951$60,340
9 years$109,207$99,764$91,071$83,082$75,751$47,925
10 years$97,287$87,937$79,398$71,617$64,544$38,448
11 years$87,542$78,285$69,900$62,328$55,510$31,084
12 years$79,426$70,265$62,035$54,670$48,104$25,283
13 years$72,564$63,499$55,424$48,266$41,947$20,663
14 years$66,688$57,718$49,799$42,845$36,771$16,952
15 years$61,600$52,727$44,962$38,210$32,376$13,950
16 years$57,152$48,376$40,764$34,213$28,614$11,509
17 years$53,231$44,552$37,094$30,740$25,371$9,514
18 years$49,750$41,168$33,862$27,703$22,559$7,879
19 years$46,639$38,154$30,999$25,032$20,107$6,533
20 years$43,843$35,455$28,449$22,671$17,960$5,423
21 years$41,316$33,025$26,168$20,576$16,072$4,506
22 years$39,022$30,828$24,118$18,708$14,407$3,747
23 years$36,931$28,832$22,268$17,038$12,932$3,118
24 years$35,017$27,014$20,595$15,539$11,624$2,596
25 years$33,258$25,351$19,075$14,192$10,460$2,162
26 years$31,638$23,826$17,691$12,976$9,422$1,801
27 years$30,140$22,423$16,427$11,877$8,494$1,501
28 years$28,751$21,129$15,271$10,882$7,665$1,252
29 years$27,461$19,933$14,211$9,979$6,921$1,044
30 years$26,259$18,825$13,237$9,158$6,254$870
31 years$25,136$17,796$12,341$8,411$5,654$726
32 years$24,086$16,838$11,514$7,730$5,114$606
33 years$23,102$15,946$10,751$7,108$4,628$505
34 years$22,178$15,113$10,045$6,540$4,190$422
35 years$21,308$14,335$9,391$6,021$3,795$352
36 years$20,488$13,606$8,785$5,545$3,439$294
37 years$19,715$12,922$8,223$5,109$3,117$245
38 years$18,984$12,281$7,700$4,709$2,826$204
39 years$18,292$11,678$7,214$4,342$2,562$171
40 years$17,636$11,111$6,762$4,005$2,324$142
41 years$17,014$10,576$6,341$3,695$2,109$119
42 years$16,424$10,072$5,948$3,410$1,913$99
43 years$15,862$9,597$5,581$3,148$1,736$83
44 years$15,327$9,148$5,239$2,907$1,576$69
45 years$14,817$8,723$4,919$2,684$1,431$58
46 years$14,332$8,322$4,620$2,479$1,299$48
47 years$13,868$7,941$4,341$2,291$1,180$40
48 years$13,424$7,581$4,079$2,117$1,071$34
49 years$13,001$7,240$3,834$1,956$973$28
50 years$12,595$6,916$3,605$1,808$884$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $12,900,000, adding $4,762 every year, while hoping to spend $38,771 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: 49/46/5 Blend
58$12,900,000$12,900,000$12,900,000$12,900,000
59$14,220,712$13,537,012$13,337,062$14,899,878
60$15,629,973$14,159,074$13,742,602$15,985,402
61$17,181,678$14,810,317$14,160,427$17,159,230
62$18,890,318$15,492,130$14,590,910$18,433,208
63$20,771,856$16,205,970$15,034,431$19,816,679
64$22,843,884$16,953,362$15,491,384$21,319,898
65$25,125,789$17,735,905$15,962,173$22,954,127
66$27,638,930$18,555,276$16,447,217$24,731,729
67$30,406,847$19,413,230$16,946,944$26,666,285
68$33,455,476$20,311,609$17,461,798$28,772,713
69$36,813,401$21,252,344$17,992,234$31,067,401
70$40,512,116$22,237,457$18,538,722$33,568,357
71$44,586,328$23,269,068$19,101,746$36,295,369
72$49,074,281$24,349,401$19,681,802$39,270,188
73$54,018,121$25,480,785$20,279,406$42,516,722
74$59,464,288$26,665,661$20,895,084$46,061,253
75$65,463,957$27,906,591$21,529,382$49,932,679
76$72,073,524$29,206,257$22,182,859$54,162,775
77$79,355,132$30,567,473$22,856,094$58,786,487
78$87,377,263$31,993,186$23,549,680$63,842,245
79$96,215,380$33,486,489$24,264,231$69,372,323
80$105,952,643$35,050,620$25,000,376$75,423,220
81$116,680,690$36,688,978$25,758,767$82,046,093
82$128,500,506$38,405,124$26,540,071$89,297,225
83$141,523,372$40,202,789$27,344,977$97,238,542
84$155,871,918$42,085,888$28,174,197$105,938,188
85$171,681,281$44,058,524$29,028,459$115,471,150
86$189,100,378$46,124,997$29,908,518$125,919,956
87$208,293,311$48,289,817$30,815,149$137,375,435
88$229,440,922$50,557,711$31,749,150$149,937,558
89$252,742,493$52,933,636$32,711,342$163,716,370
90$278,417,629$55,422,786$33,702,575$178,833,004
91$306,708,335$58,030,610$34,723,718$195,420,810
92$337,881,294$60,762,819$35,775,672$213,626,597
93$372,230,389$63,625,400$36,859,360$233,611,991
94$410,079,475$66,624,632$37,975,735$255,554,947
95$451,785,439$69,767,096$39,125,779$279,651,403
96$497,741,563$73,059,693$40,310,503$306,117,106
97$548,381,243$76,509,658$41,530,945$335,189,628
98$604,182,077$80,124,579$42,788,179$367,130,577
99$665,670,373$83,912,408$44,083,307$402,228,046
100$733,426,120$87,881,484$45,417,467$440,799,298