Can I retire at age 59 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,046,960
2 years$547,802$537,599$527,712$518,125$508,826$487,185
3 years$361,573$351,327$341,464$331,968$322,820$301,787
4 years$268,478$258,263$248,499$239,164$230,238$209,975
5 years$212,635$202,481$192,845$183,701$175,023$155,588
6 years$175,418$165,341$155,848$146,907$138,490$119,904
7 years$148,845$138,853$129,510$120,780$112,629$94,896
8 years$128,925$119,023$109,835$101,320$93,437$76,551
9 years$113,439$103,631$94,601$86,302$78,687$62,638
10 years$101,058$91,345$82,475$74,393$67,046$51,817
11 years$90,935$81,319$72,610$64,744$57,661$43,235
12 years$82,505$72,988$64,439$56,789$49,968$36,323
13 years$75,377$65,960$57,572$50,137$43,573$30,686
14 years$69,273$59,956$51,729$44,506$38,196$26,043
15 years$63,987$54,771$46,704$39,691$33,631$22,185
16 years$59,367$50,251$42,344$35,539$29,723$18,959
17 years$55,295$46,279$38,532$31,932$26,354$16,244
18 years$51,679$42,764$35,174$28,777$23,433$13,949
19 years$48,447$39,633$32,200$26,002$20,887$12,001
20 years$45,542$36,829$29,552$23,550$18,656$10,342
21 years$42,918$34,305$27,182$21,373$16,695$8,924
22 years$40,535$32,022$25,053$19,433$14,965$7,709
23 years$38,362$29,950$23,132$17,698$13,433$6,667
24 years$36,374$28,061$21,393$16,142$12,074$5,770
25 years$34,547$26,334$19,814$14,742$10,865$4,998
26 years$32,864$24,750$18,376$13,479$9,787$4,332
27 years$31,308$23,292$17,064$12,338$8,824$3,757
28 years$29,866$21,948$15,863$11,304$7,962$3,259
29 years$28,525$20,706$14,762$10,366$7,189$2,829
30 years$27,277$19,554$13,750$9,513$6,496$2,456
31 years$26,111$18,485$12,819$8,737$5,873$2,134
32 years$25,020$17,491$11,960$8,030$5,312$1,854
33 years$23,997$16,564$11,168$7,384$4,808$1,611
34 years$23,037$15,699$10,434$6,794$4,353$1,400
35 years$22,134$14,890$9,755$6,254$3,943$1,217
36 years$21,282$14,133$9,126$5,760$3,572$1,058
37 years$20,479$13,423$8,542$5,307$3,238$920
38 years$19,720$12,757$7,999$4,892$2,935$800
39 years$19,001$12,130$7,494$4,510$2,662$696
40 years$18,320$11,541$7,024$4,160$2,414$605
41 years$17,674$10,986$6,586$3,838$2,190$527
42 years$17,060$10,463$6,178$3,542$1,987$458
43 years$16,477$9,969$5,798$3,270$1,804$399
44 years$15,921$9,502$5,442$3,019$1,637$347
45 years$15,392$9,061$5,110$2,788$1,486$302
46 years$14,887$8,644$4,799$2,576$1,350$262
47 years$14,405$8,249$4,509$2,380$1,225$228
48 years$13,945$7,875$4,237$2,199$1,113$199
49 years$13,504$7,520$3,983$2,032$1,011$173
50 years$13,083$7,184$3,744$1,878$918$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,400,000, adding $5,086 every year, while hoping to spend $52,614 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: 33/48/19 Blend
58$13,400,000$13,400,000$13,400,000$13,400,000
59$14,772,046$14,061,846$13,854,146$15,172,559
60$16,222,814$14,694,896$14,262,279$16,102,932
61$17,819,797$15,357,201$14,682,321$17,099,769
62$19,577,853$16,050,141$15,114,616$18,173,015
63$21,513,354$16,775,158$15,559,516$19,329,423
64$23,644,342$17,533,766$16,017,385$20,576,384
65$25,990,693$18,327,550$16,488,596$21,922,001
66$28,574,314$19,158,169$16,973,534$23,375,149
67$31,419,339$20,027,365$17,472,593$24,945,562
68$34,552,367$20,936,961$17,986,179$26,643,907
69$38,002,703$21,888,867$18,514,711$28,481,889
70$41,802,642$22,885,085$19,058,617$30,472,343
71$45,987,770$23,927,713$19,618,340$32,629,354
72$50,597,302$25,018,949$20,194,333$34,968,378
73$55,674,446$26,161,098$20,787,063$37,506,381
74$61,266,821$27,356,573$21,397,011$40,261,989
75$67,426,896$28,607,904$22,024,670$43,255,655
76$74,212,490$29,917,742$22,670,547$46,509,840
77$81,687,318$31,288,866$23,335,165$50,049,216
78$89,921,592$32,724,187$24,019,060$53,900,888
79$98,992,679$34,226,757$24,722,783$58,094,637
80$108,985,839$35,799,775$25,446,903$62,663,188
81$119,995,022$37,446,591$26,192,002$67,642,512
82$132,123,759$39,170,719$26,958,679$73,072,146
83$145,486,139$40,975,841$27,747,551$78,995,552
84$160,207,883$42,865,815$28,559,251$85,460,519
85$176,427,532$44,844,685$29,394,432$92,519,594
86$194,297,757$46,916,691$30,253,762$100,230,562
87$213,986,796$49,086,276$31,137,930$108,656,978
88$235,680,042$51,358,097$32,047,644$117,868,746
89$259,581,797$53,737,034$32,983,631$127,942,763
90$285,917,196$56,228,205$33,946,638$138,963,625
91$314,934,335$58,836,972$34,937,436$151,024,406
92$346,906,610$61,568,957$35,956,813$164,227,515
93$382,135,300$64,430,051$37,005,581$178,685,643
94$420,952,408$67,426,432$38,084,576$194,522,799
95$463,723,800$70,564,573$39,194,656$211,875,463
96$510,852,653$73,851,262$40,336,702$230,893,845
97$562,783,263$77,293,614$41,511,621$251,743,278
98$620,005,240$80,899,085$42,720,345$274,605,753
99$683,058,129$84,675,494$43,963,830$299,681,605
100$752,536,501$88,631,036$45,243,061$327,191,376