Can I retire at age 59 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,123,725
2 years$584,594$573,707$563,155$552,924$543,001$526,335
3 years$385,858$374,924$364,399$354,264$344,502$328,265
4 years$286,510$275,609$265,189$255,227$245,702$230,019
5 years$226,916$216,081$205,797$196,039$186,779$171,695
6 years$187,200$176,446$166,315$156,774$147,792$133,325
7 years$158,843$148,179$138,208$128,893$120,194$106,350
8 years$137,584$127,017$117,212$108,125$99,713$86,489
9 years$121,058$110,591$100,954$92,098$83,972$71,362
10 years$107,846$97,481$88,014$79,390$71,549$59,543
11 years$97,042$86,781$77,486$69,093$61,534$50,121
12 years$88,046$77,890$68,767$60,604$53,324$42,490
13 years$80,440$70,390$61,439$53,504$46,500$36,229
14 years$73,925$63,982$55,203$47,495$40,761$31,038
15 years$68,285$58,449$49,841$42,357$35,890$26,697
16 years$63,354$53,626$45,188$37,926$31,719$23,039
17 years$59,008$49,388$41,120$34,076$28,125$19,939
18 years$55,150$45,636$37,537$30,710$25,007$17,297
19 years$51,701$42,295$34,363$27,749$22,289$15,035
20 years$48,601$39,303$31,537$25,132$19,909$13,093
21 years$45,800$36,609$29,008$22,809$17,817$11,418
22 years$43,257$34,173$26,735$20,738$15,970$9,971
23 years$40,939$31,961$24,685$18,887$14,336$8,717
24 years$38,817$29,946$22,830$17,226$12,885$7,628
25 years$36,868$28,103$21,145$15,732$11,595$6,681
26 years$35,071$26,412$19,611$14,384$10,444$5,855
27 years$33,411$24,857$18,210$13,166$9,416$5,135
28 years$31,872$23,422$16,929$12,063$8,496$4,506
29 years$30,441$22,096$15,754$11,062$7,672$3,956
30 years$29,109$20,868$14,674$10,152$6,932$3,475
31 years$27,864$19,727$13,680$9,324$6,267$3,053
32 years$26,700$18,666$12,764$8,569$5,669$2,684
33 years$25,609$17,677$11,918$7,880$5,131$2,360
34 years$24,584$16,753$11,135$7,250$4,645$2,075
35 years$23,620$15,890$10,411$6,674$4,207$1,825
36 years$22,712$15,082$9,739$6,147$3,812$1,606
37 years$21,854$14,325$9,115$5,663$3,455$1,413
38 years$21,044$13,614$8,536$5,220$3,132$1,244
39 years$20,277$12,945$7,997$4,813$2,840$1,095
40 years$19,550$12,316$7,496$4,440$2,576$964
41 years$18,861$11,724$7,029$4,096$2,337$848
42 years$18,206$11,165$6,593$3,780$2,121$747
43 years$17,583$10,638$6,187$3,490$1,925$658
44 years$16,990$10,141$5,808$3,222$1,747$579
45 years$16,426$9,670$5,453$2,976$1,586$510
46 years$15,887$9,225$5,122$2,749$1,440$449
47 years$15,373$8,803$4,812$2,539$1,308$396
48 years$14,881$8,404$4,522$2,346$1,188$348
49 years$14,411$8,025$4,250$2,169$1,079$307
50 years$13,962$7,666$3,996$2,004$980$270

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,300,000, adding $4,502 every year, while hoping to spend $22,380 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: 67/12/21 Blend
58$14,300,000$14,300,000$14,300,000$14,300,000
59$15,763,244$15,005,344$14,783,694$16,735,708
60$17,347,283$15,716,794$15,255,135$18,099,456
61$19,092,143$16,462,354$15,741,620$19,587,252
62$21,014,206$17,243,674$16,243,629$21,213,757
63$23,131,521$18,062,480$16,761,656$22,992,622
64$25,463,979$18,920,584$17,296,214$24,938,871
65$28,033,498$19,819,886$17,847,831$27,069,044
66$30,864,233$20,762,378$18,417,051$29,401,341
67$33,982,798$21,750,149$19,004,437$31,955,800
68$37,418,526$22,785,388$19,610,567$34,754,479
69$41,203,737$23,870,393$20,236,042$37,821,659
70$45,374,047$25,007,572$20,881,479$41,184,078
71$49,968,707$26,199,450$21,547,515$44,871,168
72$55,030,966$27,448,674$22,234,809$48,915,342
73$60,608,488$28,758,022$22,944,038$53,352,286
74$66,753,794$30,130,406$23,675,904$58,221,299
75$73,524,764$31,568,879$24,431,129$63,565,656
76$80,985,179$33,076,642$25,210,460$69,433,015
77$89,205,323$34,657,054$26,014,667$75,875,860
78$98,262,651$36,313,635$26,844,544$82,951,993
79$108,242,517$38,050,078$27,700,911$90,725,079
80$119,238,976$39,870,254$28,584,614$99,265,232
81$131,355,679$41,778,224$29,496,526$108,649,685
82$144,706,847$43,778,246$30,437,549$118,963,501
83$159,418,351$45,874,786$31,408,612$130,300,380
84$175,628,897$48,072,524$32,410,675$142,763,533
85$193,491,340$50,376,373$33,444,728$156,466,651
86$213,174,123$52,791,482$34,511,793$171,534,974
87$234,862,870$55,323,252$35,612,924$188,106,464
88$258,762,137$57,977,345$36,749,211$206,333,100
89$285,097,341$60,759,701$37,921,776$226,382,311
90$314,116,892$63,676,549$39,131,778$248,438,542
91$346,094,536$66,734,420$40,380,413$272,704,992
92$381,331,937$69,940,166$41,668,916$299,405,524
93$420,161,530$73,300,969$42,998,560$328,786,767
94$462,949,654$76,824,364$44,370,659$361,120,439
95$510,100,014$80,518,253$45,786,571$396,705,899
96$562,057,489$84,390,921$47,247,695$435,872,968
97$619,312,336$88,451,059$48,755,475$478,985,029
98$682,404,814$92,707,781$50,311,404$526,442,449
99$751,930,287$97,170,644$51,917,018$578,686,345
100$828,544,845$101,849,674$53,573,907$636,202,740